Youhodler Crypto Exchange 2022 – Now FAQ

Looking for Youhodler Crypto Exchange…Many of you have actually requested a contrast between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that enable you to earn interest on your stablecoins and cryptocurrencies. As asked for, in this video, we will be comparing the organization model of individual platforms, the return rates, the trustworthiness and track record, functionality of their apps and we will also talk about some of the dangers that you should consider when depositing your crypto on one of these platforms.

 

Let’s first provide you a brief intro to every platform prior to we dive deeper into the comparison. Celsius Network is the fastest-growing crypto loaning platform in the world, which was established in 2017 by Alex Mashinsky. The platform offers its services worldwide, however, they are currently not issuing loans in the United States due to regional policies.

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competitor to Celsius Network. The US-based company has trading and lending licenses in different US states. , if you are looking for a wealth-management app for your crypto properties BlockFi is definitely worth thinking about.. The platform provides crypto-backed loans in 47 US states and their crypto interest account is available worldwide with exception of approved countries. YouHodler is most likely the most genuine crypto lending platform in Europe. The business is registered in Cyprus, with a devoted branch in Switzerland. YouHodler provides very competitive rates on your crypto assets as well as several other functions which you will not find on any other platforms. The platform is available in numerous nations with the exception of Germany and the U.S.A.. So if you live in the states, you will not have the ability to use YouHodler’s services. Nexo is another European platform that offers crypto enthusiasts the alternative to earn interest not just on their coins however also fiat deposits. Nexo remains in fact, one of just two, to us understood, crypto loaning platforms that use interest on fiat deposits. The platform offers its services worldwide, with exception of Bulgaria and Estonia. Now that you have a short introduction of every platform

 

And the platform is also planning to introduce a BlockFi credit card which will create another income stream. Like all the other platforms, Nexo likewise takes a cut from the interest that is being paid by the debtors. That’s at least our interpretation from Nexo’s business model as the platform does not have A dedicated area about

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If you are seeing this video, you desire to make money by depositing your coins on one of the platforms? Every platform has certain limitations and terms when it comes to using interest on your coins. You are only able to make greater rates if you choose to receive the interest in Celsius’s own energy token.

 

You can earn 12% interest on your USDC holdings and the platform offers 5.5% on Ethereum and 4.8% on your bitcoin deposits. Nexo is another platform that offers greater benefits for those who desire to receive the interest in the native NEXO tokens instead of the deposited currency. What you need to keep in mind is that platforms tend to change the rates from time to time, so you can’t really predict the real return from your deposits. Youhodler Crypto Exchange

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The platform is not transparent when it comes to sharing its financial reports, however 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 also funded by numerous institutional investors and the platform is primarily targeting the United States market. According to our research, it appears like he has transferred to Switzerland to introduce his crypto financing platform YouHodler in 2017.

 

deposit quantity as compared to the users on the Celsius Network. We are not excited about Nexo’s reporting requirements as we have actually pointed out together with other warnings in our previous video. Also, at the start of January, Nexo had only $4B under its management from 1 M users, now 5 months later on, the platform claims to manage $12B from 1.5 M users, which we think is a little bit of a steep growth even if we consider the buzz in the crypto area. So what about Nexo’s management? Nexo is co-founded by Antoni Trenchev and Kosta Kantchev. Based upon our research study, Antoni was a Bulgarian political leader with experience in the fashion Retail market. On his LinkedIn profile, he describes Nexo as the leading managed financial institution for digital properties. I would be actually interested by whom Nexo is controlled, as the business does not have a lending license in Estonia, where they are a legal entity Nexo Solutions OU is based. During our research study, we found connections to Bulgaria, Estonia, the UK, and the Cayman Islands however their legal address is no place to be discovered on the site. The second co-founder of Nexo is Kosta Kantchev who also established Credissimo, a Bulgarian payday advance company that apparently is financing Nexo. According to our recent research, the executive board doesn’t even include Antoli, but just Kosta and two other gentlemen, from which one is William Arthur Vesilind who was previously the executive director at TrustBuddy, a Swedish p2p loaning platform, which is understood for the “abuse of customers cash”. When examining some of Nexo’s remarks from the CEO

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Nexo is the only platform that provides interest on fiat. Now that we have evaluated some of the track records of the four pointed out platforms, let’s briefly go over the usability of every crypto loaning site. While the crypto loans on BlockFi are only readily available to U.S. residents, the platform is likewise working on a Bitcoin rewards credit card which will be completing with the credit card from Crypto.com YouHodler offers some of the most sophisticated services among the crypto financing platforms.

 

YouHodler is likewise one of the platforms with versatile loan terms and an optimum LTV of 90%. Now you have an actually strong concept of what every crypto financing platform is offering. What you should consider however, is that as quickly as you deposit your crypto on any platform, you are not owning your personal keys any longer and your possessions may get compromised either by third parties or by the platform itself. Youhodler Crypto Exchange

 

The only way to safeguard your crypto is to save it on a devoted hardware wallet like this one from Trezor. The downside of this strategy is that you will just benefit from the increased value of your coin but not the interest on your deposits, which is something you can do on one of the crypto loaning platforms. Based on our in-depth comparison, let’s have a look at our independent ratings of every category for every platform.