Youhodler Funding Round 2022 – Now FAQ

Looking for Youhodler Funding Round…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 business design of individual platforms, the return rates, the trustworthiness and track record, use of their apps and we will likewise talk about some of the risks that you must consider when transferring your crypto on one of these platforms.

 

consider subscribing and struck the like button to see more material like this in the future. Let’s first offer you a brief intro to every platform before we dive deeper into the contrast. Celsius Network is the fastest-growing crypto lending platform in the world, which was founded in 2017 by Alex Mashinsky. Currently, there are over 650,000 users using Celsius Network to earn or take a crypto loan interest on their stablecoins and cryptocurrencies. In overall, Celsius handles more than $17 B worth of possessions. The platform uses its services worldwide, however, they are currently not releasing loans in the United States due to regional guidelines. BlockFi is the biggest

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The platform offers crypto-backed loans in 47 US states and their crypto interest account is readily available worldwide with exception of sanctioned nations. Nexo is another European platform that offers crypto enthusiasts the alternative to make interest not just on their coins but likewise fiat deposits. Nexo is in fact, one of just 2, to us understood, crypto financing platforms that offer interest on fiat deposits.

 

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

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If you are viewing this video, you want to make cash 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 just able to earn greater rates if you choose to get the interest in Celsius’s own energy token.

 

You can make 12% interest on your USDC holdings and the platform uses 5.5% on Ethereum and 4.8% on your bitcoin deposits. Nexo is another platform that provides higher benefits for those who desire to receive the interest in the native NEXO tokens rather of the deposited currency. What you must keep in mind is that platforms tend to adjust the rates from time to time, so you can’t really forecast the genuine return from your deposits. Youhodler Funding Round

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The platform is not transparent when it comes to sharing its monetary reports, but with a little bit of digging, you can get your hands on the monetary report for 2020, where you will find out that the platform is not successful. BlockFi is also financed by numerous institutional investors and the platform is generally targeting the United States market. According to our research, it appears like he has relocated to Switzerland to introduce his crypto financing platform YouHodler in 2017.

 

deposit amount as compared to the users on the Celsius Network. We are not delighted about Nexo’s reporting requirements as we have pointed out together with other red flags in our previous video. At the beginning of January, Nexo had only $4B under its management from 1 M users, now five months later, the platform claims to manage $12B from 1.5 M users, which we believe is a bit of a steep development even if we consider the buzz in the crypto space. So what about Nexo’s management? Nexo is co-founded by Antoni Trenchev and Kosta Kantchev. Based on our research study, Antoni was a Bulgarian politician with experience in the style Retail industry. On his LinkedIn profile, he explains Nexo as the leading managed financial institution for digital properties. I would be actually interested by whom Nexo is managed, as the business doesn’t have a financing 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 but their legal address is nowhere to be discovered on the website. The 2nd co-founder of Nexo is Kosta Kantchev who also founded Credissimo, a Bulgarian payday advance loan company that apparently is financing Nexo. According to our recent research, the executive board does not 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 “misuse of customers money”. When evaluating some of Nexo’s remarks from the CEO

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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 4 pointed out platforms, let’s briefly go over the use of every crypto loaning site. While the crypto loans on BlockFi are only offered to U.S. citizens, the platform is also working on a Bitcoin rewards credit card which will be competing with the credit card from Crypto.com YouHodler provides some of the most innovative services among the crypto financing platforms.

 

YouHodler is also one of the platforms with flexible loan terms and an optimum LTV of 90%. Now you have a truly solid concept of what every crypto lending platform is offering. What you need to consider however, is that as quickly as you transfer your crypto on any platform, you are not owning your private secrets anymore and your possessions may get compromised either by 3rd celebrations or by the platform itself. Youhodler Funding Round

 

The only method to protect your crypto is to store it on a devoted hardware wallet like this one from Trezor. The drawback of this method is that you will just benefit from the increased worth 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 contrast, let’s have a look at our independent scores of every classification for every platform.