Looking for Youhodler Headquarters…Many of you have actually asked for a contrast between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that allow you to earn interest on your stablecoins and cryptocurrencies. As asked for, in this video, we will be comparing the organization model of private platforms, the return rates, the credibility and track record, usability of their apps and we will also talk about some of the risks that you ought to consider when depositing your crypto on one of these platforms.
think about subscribing and hit the like button to see more content like this in the future. So let’s first offer you a quick intro to every platform before we dive deeper into the comparison. Celsius Network is the fastest-growing crypto financing platform on the planet, which was founded in 2017 by Alex Mashinsky. Presently, there are over 650,000 users utilizing Celsius Network to make or take a crypto loan interest on their stablecoins and cryptocurrencies. In overall, Celsius handles more than $17 B worth of possessions. The platform offers its services worldwide, however, they are presently not providing loans in the United States due to regional guidelines. BlockFi is the largest
youhodler crypto interest loans, platform for users
rival to Celsius Network. The US-based business has trading and lending licenses in various US states. , if you are looking for a wealth-management app for your crypto assets BlockFi is certainly worth thinking about.. The platform provides crypto-backed loans in 47 US states and their crypto interest account is readily available worldwide with exception of approved countries. YouHodler is likely the most legitimate crypto loaning platform in Europe. The company is registered in Cyprus, with a dedicated branch in Switzerland. YouHodler offers really competitive rates on your crypto assets along with numerous other features 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 won’t have the ability to utilize YouHodler’s services. Nexo is another European platform that provides crypto enthusiasts the choice to earn interest not only on their coins however likewise fiat deposits. Nexo is in reality, one of just two, to us known, crypto lending platforms that offer interest on fiat deposits. The platform offers its services worldwide, with exception of Bulgaria and Estonia. So now that you have a brief introduction of every platform
And the platform is also preparing 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 company design as the platform does not have A dedicated section about
money fees on celsius services priced about stablecoins profit margin Youhodler Headquarters
this on their site. Now let’s discuss the returns. If you are enjoying this video, you wish to make money by depositing your coins on one of the platforms right? Before we compare the rates, there are a few things that you ought to think about. When it comes to using interest on your coins, every platform has certain limitations and terms. So for instance, Celsius Network alters the rates each week to show the existing market circumstance. Likewise, you are just able to earn greater rates if you decide to get the interest in Celsius’s own utility token. The greater reward rates are also not available for US residents. If you would not wish to pay your benefits in the CEL token, you can currently expect to receive 5.05% on your Ethereum, 3.51% on your Bitcoin, and 10% interest on your deposits in Binance USD or USDC which is the stablecoin from Coinbase. On BlockFi, the rate for your Ethereum and Bitcoin deposits depends upon the variety of your assets. The more bitcoin or ethereum you deposit, the less interest you will receive. The interest rate for Ethereum ranges in between 0.5% and 4.5%, the rate for bitcoin is in between 0.5% and 5%, and the rate for the two stablecoins is presently at
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 provides higher benefits for those who desire to get the interest in the native NEXO tokens instead 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 actually anticipate the genuine return from your deposits. Youhodler Headquarters
bitcoin amount of lending service with value feature trading
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 addressing the most frequently asked questions, which is something rather uncommon 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 financial report for 2020, where you will find out that the platform is not profitable. BlockFi is co-founded by Zac Prince and Flori Marquez. The CEO Zac Prince has more experience within the business advancement space rather than the fintech area. BlockFi is likewise funded by numerous institutional financiers and the platform is mainly targeting the US market. While you can use the crypto interest account worldwide, the crypto loans are readily available Only for U.S people as BlockFi has the necessary financing licenses only in the U.S. If you wish to check BlockFi’s stats you won’t more than happy as there are none offered. Some external sources recommend that there are more than 125,000 registered users, however, we were not able to validate any of those claims directly with BlockFi. YouHodler is founded by Ilya Volkov, who brings previous experience from the fintech area in Russia. According to our research study, it appears like he has actually transferred to Switzerland to introduce his crypto lending platform YouHodler in 2017. I understand that YouHodler has actually been applauded by a few of you in the talk about previous videos, sadly, the platform isn’t publicly revealing any financial reports, nor stats about their user base or assets under YouHodler’s management. When using YouHodler, this is something you must definitely consider. Proceeding to Nexo. Nexo claims to handle $12 B worth of properties from more than 1.5 M of users. If this is appropriate, it would mean that Nexo is twice as huge in regards to user base as Celsius with a much lower average
deposit quantity as compared to the users on the Celsius Network. We are not delighted about Nexo’s reporting standards as we have actually pointed out together with other red flags in our previous video. At the beginning of January, Nexo had just $4B under its management from 1 M users, now five months later, the platform claims to handle $12B from 1.5 M users, which we think is a bit of a high development even if we consider the hype in the crypto area. So what about Nexo’s management? Nexo is co-founded by Antoni Trenchev and Kosta Kantchev. Based upon our research, Antoni was a Bulgarian political leader with experience in the fashion Retail industry. On his LinkedIn profile, he describes Nexo as the leading managed banks for digital assets. I would be truly interested by whom Nexo is regulated, as the company doesn’t have a loaning license in Estonia, where they are a legal entity Nexo Provider OU is based. During our research, we discovered connections to Bulgaria, Estonia, the UK, and the Cayman Islands but their legal address is nowhere to be found on the site. The 2nd co-founder of Nexo is Kosta Kantchev who likewise founded Credissimo, a Bulgarian payday advance company that apparently is financing Nexo. According to our recent research study, the executive board does not even consist of Antoli, however only Kosta and two other gentlemen, from which one is William Arthur Vesilind who was previously the executive director at TrustBuddy, a Swedish p2p financing platform, which is understood for the “misuse of customers cash”. Also when evaluating a few of Nexo’s comments from the CEO
turbocharge stablecoins crypto assets coins investment profile
in the media, he is often only promoting crypto and predicting costs however does not have any much deeper insights into the crypto loaning area or how Nexo is running. However that’s simply our impression from his Bloomberg talks. Nexo is the only platform that uses interest on fiat. According to our understanding, you can not use interest on fiat deposits unless you have a banking license which Nexo certainly does not have. Despite the fact that we are not legal representatives, we have a hard time to understand the legal setup under which Nexo is offering its services. Now that we have actually reviewed some of the track records of the four mentioned platforms, let’s briefly go over the use of every crypto financing website. Celsius has begun as a native mobile app. The app is well developed and it comes with different security features such as the biometric scan, HODL mode, and 2FA. In the dashboard, you are able to see how numerous assets you are holding and what are the presently used rates. You can withdraw and transfer supported coins but there is no exchange, so if you don’t deposit your cryptos from another wallet, you can acquire them directly through the app. Keep in mind, nevertheless, that there might be charges for credit card purchases or SEPA transfers. Celsius Network supports presently 40 digital assets. BlockiFi makes a less industrialized impression. The app is very easy and so is the desktop version of the platform. BlockFi supports presently just 10 digital currencies. The platform also uses a dedicated exchange so you can even trade them. We don’t suggest this feature that much as the currency exchange rate are not the best. While the crypto loans on BlockFi are only offered to U.S. people, the platform is likewise working on a Bitcoin rewards credit card which will be taking on the credit card from Crypto.com YouHodler provides a few of the most innovative services among the crypto lending platforms. Presently, the platform supports 18 digital
YouHodler is also one of the platforms with versatile loan terms and a maximum LTV of 90%. Now you have an actually strong idea of what every crypto financing platform is using. What you should consider however, is that as soon as you transfer your crypto on any platform, you are not owning your private keys anymore and your assets might get compromised either by third celebrations or by the platform itself. Youhodler Headquarters
The only method to secure your crypto is to store it on a devoted hardware wallet like this one from Trezor. The disadvantage of this method is that you will just benefit from the increased value of your coin however not the interest on your deposits, which is something you can do on one of the crypto financing platforms. Based on our extensive contrast, let’s have an appearance at our independent scores of every category for every platform.