Youhodler Website Down 2021 – Crypto Loans

Yes so… Youhodler Website Down…Many of you have actually asked for a comparison between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that enable you to earn interest on your cryptocurrencies and stablecoins. As requested, in this video, we will be comparing the business model of specific platforms, the return rates, the trustworthiness and track record, use of their apps and we will likewise talk about some of the dangers that you need to consider when transferring your crypto on one of these platforms.

 

think about subscribing and hit the like button to see more material like this in the future. So let’s very first provide you a quick introduction to every platform before we dive deeper into the comparison. Celsius Network is the fastest-growing crypto lending platform on the planet, which was founded in 2017 by Alex Mashinsky. Currently, there are over 650,000 users using Celsius Network to take a crypto loan or earn interest on their cryptocurrencies and stablecoins. In total, Celsius manages more than $17 B worth of possessions. The platform provides its services worldwide, nevertheless, they are currently not releasing loans in the United States due to local guidelines. BlockFi is the biggest

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competitor to Celsius Network. The US-based business has trading and financing licenses in different US states. , if you are looking for a wealth-management app for your crypto assets BlockFi is definitely worth considering.. The platform uses crypto-backed loans in 47 US states and their crypto interest account is available worldwide with exception of approved countries. YouHodler is likely the most legitimate crypto financing platform in Europe. The business is signed up in Cyprus, with a devoted branch in Switzerland. YouHodler uses really competitive rates on your crypto properties in addition to several other features which you will not find on any other platforms. The platform is readily available in numerous countries with the exception of Germany and the USA. So if you reside in the states, you won’t have the ability to utilize YouHodler’s services. Nexo is another European platform that uses crypto lovers the option to make interest not just on their coins however likewise fiat deposits. Nexo is in reality, one of just two, to us understood, crypto lending platforms that offer interest on fiat deposits. The platform uses its services worldwide, with exception of Bulgaria and Estonia. So now that you have a short overview of every platform

 

And the platform is also preparing to introduce a BlockFi credit card which will generate another earnings stream. Like all the other platforms, Nexo likewise takes a cut from the interest that is being paid by the borrowers. That’s at least our analysis from Nexo’s business model as the platform doesn’t have A dedicated section about

money fees on celsius services priced about stablecoins  profit margin Youhodler Website Down

If you are viewing this video, you want to make cash by transferring your coins on one of the platforms? Every platform has specific limitations and terms when it comes to using interest on your coins. You are only able to make higher rates if you choose to get the interest in Celsius’s own utility token.

 

You can earn 12% interest on your USDC holdings and the platform provides 5.5% on Ethereum and 4.8% on your bitcoin deposits. Nexo is another platform that provides greater benefits for those who want to get the interest in the native NEXO tokens rather of the deposited currency. What you must keep in mind is that platforms tend to change the rates from time to time, so you can’t truly predict the real return from your deposits. Youhodler Website Down

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paid out more than $367 M worth of rewards. While we haven’t managed to get answers to our concerns, the CEO does hold a weekly AMA session where he is attending to the most frequently asked questions, which is something rather rare in this space. The platform is not transparent when it comes to sharing its financial reports, but with a little bit of digging, you can get your hands on the monetary report for 2020, where you will discover out that the platform is not rewarding. BlockFi is co-founded by Zac Prince and Flori Marquez. The CEO Zac Prince has more experience within the business advancement area rather than the fintech space. BlockFi is likewise funded by numerous institutional financiers and the platform is primarily targeting the United States market. While you can use the crypto interest account worldwide, the crypto loans are available Only for U.S people as BlockFi has the necessary loaning licenses only in the U.S. , if you want to check BlockFi’s statistics you will not be pleased as there are none offered.. Some external sources suggest that there are more than 125,000 registered users, however, we were unable to confirm any of those claims straight with BlockFi. YouHodler is founded by Ilya Volkov, who brings previous experience from the fintech area in Russia. According to our research study, it looks like he has actually relocated to Switzerland to launch his crypto financing platform YouHodler in 2017. I know that YouHodler has actually been praised by a few of you in the discuss previous videos, unfortunately, the platform isn’t publicly exposing any monetary reports, nor statistics about their user base or possessions under YouHodler’s management. When utilizing YouHodler, this is something you must definitely consider. Proceeding to Nexo. Nexo claims to manage $12 B worth of assets from more than 1.5 M of users. If this is right, it would suggest that Nexo is two times as big in terms of user base as Celsius with a much lower average

 

At the start of January, Nexo had just $4B under its management from 1 M users, now five months later on, the platform declares to manage $12B from 1.5 M users, which we believe is a bit of a high development even if we consider the buzz in the crypto area. The 2nd co-founder of Nexo is Kosta Kantchev who also established Credissimo, a Bulgarian payday loan business that apparently is funding Nexo. According to our recent research, the executive board does not even include Antoli, but only Kosta and 2 other gentlemen, from which one is William Arthur Vesilind who was previously the executive director at TrustBuddy, a Swedish p2p loaning platform, which is known for the “misuse of customers money”.

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Nexo is the only platform that uses interest on fiat. Now that we have examined some of the track records of the four mentioned platforms, let’s briefly go over the use of every crypto financing site. While the crypto loans on BlockFi are just readily available to U.S. people, the platform is likewise working on a Bitcoin rewards credit card which will be completing with the credit card from Crypto.com YouHodler provides some of the most advanced services amongst the crypto financing platforms.

 

currencies on which you are able to make interest. YouHodler enables you to exchange in between various currencies or deposit fiat via bank wire or other supported payment services. The minimum deposit amounts are very low, so you do not need to move numerous Dollars or euros to evaluate the platform. The minimum deposit is around 50 EUR or USD worth of cryptocurrency. As YouHodler doesn’t have a banking license, you can only earn interest on your crypto properties. Apart from earning interest on your deposits or exchanging cryptos, YouHodler likewise provides you the option to obtain fiat money in exchange for collateral. The platform currently supports only loans in us euros or dollars. YouHodler is likewise among the platforms with versatile loan terms and a maximum LTV of 90%. Apart from those services, YouHodler also offers two leveraging tools such as Turbocharged loans and Multi HODL, which are suitable for more opportunistic financiers. As the performance of those functions goes beyond this video, you can learn how it operates in our dedicated youhodler review on p2pempire. Nexo’s functionality resembles Celsius Network. Nexo is likewise using its energy tokens to offer better rates on loans, greater interests on crypto and fiat deposits, or more complimentary withdrawals each month. If you choose to stake your coins or fiat, indicating you lock your properties for a defined term, you can get a higher interest rate. Like BlockFi, Nexo likewise provides you to buy, or exchange crypto if you want to hold your possessions in various currencies. Now you have a truly solid idea of what every crypto loaning platform is providing. What you should consider though, is that as quickly as you deposit your crypto on any platform, you are not owning your personal secrets anymore and your possessions might get compromised either by third parties or by the platform itself. It resembles depositing your crypto on the exchange – if you do not own the secrets, the coin isn’t technically yours anymore. Platforms like Celsius and BlockFi are extremely clear about the reality that you Youhodler Website Down

 

give up your ownership of the possessions as long as you hold them in the platform’s wallet. The only method to safeguard your crypto is to store it on a devoted hardware wallet like this one from Trezor. That’s the very best way to keep your cryptos safe. The disadvantage of this technique is that you will just gain from the increased value of your coin but not the interest on your deposits, which is something you can do on among the crypto lending platforms. As with any financial investment, it constantly comes down to the threat and return and your danger profile. So based on our thorough contrast, let’s take a look at our independent ratings of every classification for each platform. Note, that we have actually designated the scores based on our own research study. One represents the lowest score while 5 represent the greatest rating. Within business design classification.