Youhodler.Io Review 2022 – Now FAQ

Looking for Youhodler.Io Review…Much of you have asked for a contrast between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that allow you to earn interest on your cryptocurrencies and stablecoins. As requested, in this video, we will be comparing business model of private platforms, the return rates, the trustworthiness and performance history, functionality of their apps and we will also speak about a few of the threats that you need to consider when transferring your crypto on one of these platforms. We will likewise assemble the comparison with our independent rating of the just-mentioned categories for every platform. Keep seeing till the end to discover out how we scored private platforms. if you are new to this channel and your objective is to end up being a more educated P2P investor

 

consider subscribing and hit the like button to see more content like this in the future. So let’s very first give you a quick introduction to every platform before we dive deeper into the contrast. Celsius Network is the fastest-growing crypto lending platform worldwide, 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 manages more than $17 B worth of properties. The platform offers its services worldwide, nevertheless, they are presently not issuing loans in the United States due to local guidelines. BlockFi is the biggest

youhodler crypto interest loans, platform for users

rival to Celsius Network. The US-based business has trading and loaning licenses in various US states. , if you are looking for a wealth-management app for your crypto possessions BlockFi is certainly worth considering.. The platform offers crypto-backed loans in 47 US states and their crypto interest account is offered around the world with exception of sanctioned nations. YouHodler is likely the most genuine crypto loaning platform in Europe. The business is registered in Cyprus, with a dedicated branch in Switzerland. YouHodler offers very competitive rates on your crypto assets along with numerous other features which you will not find on any other platforms. The platform is offered in numerous nations with the exception of Germany and the U.S.A.. So if you live in the states, you will not be able to use YouHodler’s services. Nexo is another European platform that uses crypto lovers the alternative to earn interest not only on their coins however likewise fiat deposits. Nexo remains in truth, among only 2, to us known, crypto lending platforms that use 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

 

let’s talk about how they generate income in the first place. Celsius makes money from the interest they charge to the borrowers which are either retail debtors or institutions, they likewise make money from their CEL token which is an utility token that you can utilize to increase your benefits on Celsius Network. Another earnings stream is the rehypothecation which implies that Celsius uses the collateral from the debtors and releases it in order to generate extra income. BlockFi is also making money through the interest that is being credited borrowers. The platform also charges a 2% origination cost for anyone who desires to take a loan. Another earnings stream is BlockFi’s exchange feature. When exchanging currencies, the platform makes money from the spread. BlockFi also charges withdrawal costs after your one complimentary withdrawal per month. And the platform is also preparing to launch a BlockFi charge card which will produce another income stream. YouHodler is likewise earning money from the interest charged to borrowers. There is a small withdrawal charge and costs for additional services such as the Multi HODL tool, which is a feature that lets you utilize your crypto possessions in exchange for prospective returns. Like all the other platforms, Nexo also takes a cut from the interest that is being paid by the debtors. Nexo likewise makes earnings with their Nexo token. That’s at least our interpretation from Nexo’s business design as the platform does not have A dedicated section about

money fees on celsius services priced about stablecoins  profit margin Youhodler.Io Review

this on their site. Now let’s talk about the returns. If you are watching this video, you want to generate income by transferring your coins on among the platforms right? Prior to we compare the rates, there are a few things that you should consider. Every platform has specific limitations and terms when it comes to offering interest on your coins. So for example, Celsius Network changes the rates each week to show the present market scenario. You are only able to earn higher rates if you choose 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 want to pay out your benefits in the CEL token, you can presently anticipate to get 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 number of your assets. The more bitcoin or ethereum you deposit, the less interest you will get. The rates of interest for Ethereum ranges 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 currently at

 

9% each year. What’s worth mentioning is that if you wish to conserve some costs, and bring more stability into your crypto interest account, you can likewise deposit the Binance USD coin for which you will not need to pay the substantial gas fee, as the currency operates on the Binance Smart Chain with way lower fees in comparison to stablecoins that work on the ethereum network. The Binance USD coin is presently only supported on Celsius Network and BlockFi. YouHodler uses currently the most competitive rates for your USDC coins without the requirement to stake the platform’s own utility tokens. You can make 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 uses greater rewards for those who want to receive the interest in the native NEXO tokens instead of the deposited currency. The platform offers 6% for non-Nexo token holders on bitcoin and ethereum and 10% on the USDC coin. What you must remember is that platforms tend to adjust the rates from time to time, so you can’t truly anticipate the real return from your deposits. Keep in mind that by transferring your crypto, the worth of the currency might reduce Which will make it hard for you to liquidate your properties if that’s something you would otherwise consider. So now, that you know the returns let’s briefly review the reliability of the platforms and their track record. Celsius Network is most likely the most legitimate platform in this area. The founder Alex Mashinsky is a popular entrepreneur. Before releasing the Celsius network, he has co-founded 3 start-ups worth more than $1 Billion each. On the Celsius App, you are also able to keep track of the progress and review some of the stats. As we are tape-recording this video, there are over 650,000 users and the platform is handling $17 billion worth of assets. Alone in the last 12 months, Celsius has Youhodler.Io Review

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 questions, the CEO does hold a weekly AMA session where he is resolving the most frequently asked questions, which is something rather rare in this area. 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 that the platform is not rewarding yet. BlockFi is co-founded by Zac Prince and Flori Marquez. The CEO Zac Prince has more experience within business development space instead of the fintech area. BlockFi is also funded by lots of institutional investors and the platform is mainly targeting the United States market. While you can utilize the crypto interest account worldwide, the crypto loans are available Only for U.S people as BlockFi has the necessary financing licenses just in the U.S. , if you desire to inspect BlockFi’s statistics you won’t be delighted as there are none offered.. Some external sources recommend that there are more than 125,000 registered users, however, we were unable to verify 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 introduce his crypto lending platform YouHodler in 2017. I know that YouHodler has been applauded by a few of you in the discuss previous videos, sadly, the platform isn’t openly exposing any monetary reports, nor data about their user base or properties under YouHodler’s management. This is something you must definitely think about when using YouHodler. Moving on to Nexo. Nexo declares to handle $12 B worth of possessions from more than 1.5 M of users. It would indicate that Nexo is two times as big in terms of user base as Celsius with a much lower average if this is proper

 

deposit quantity as compared to the users on the Celsius Network. We are not excited about Nexo’s reporting requirements as we have mentioned together with other warnings in our previous video. At the beginning of January, Nexo had only $4B under its management from 1 M users, now five months later on, the platform claims to handle $12B from 1.5 M users, which we think is a bit of a high growth even if we think about 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 style Retail market. On his LinkedIn profile, he explains Nexo as the leading managed financial institution for digital properties. I would be really interested by whom Nexo is regulated, as the business doesn’t have a lending license in Estonia, where they are a legal entity Nexo Services OU is based. Throughout our research study, we discovered connections to Bulgaria, Estonia, the UK, and the Cayman Islands however their legal address is no place to be found on the website. The second co-founder of Nexo is Kosta Kantchev who likewise founded Credissimo, a Bulgarian payday advance loan business that apparently is funding Nexo. According to our current research, the executive board doesn’t even consist of Antoli, but only Kosta and 2 other gentlemen, from which one is William Arthur Vesilind who was formerly the executive director at TrustBuddy, a Swedish p2p loaning platform, which is understood for the “misuse of clients money”. When examining 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 reviewed some of the track records of the four pointed out platforms, let’s briefly go over the usability of every crypto financing website. While the crypto loans on BlockFi are just offered to U.S. citizens, the platform is also working on a Bitcoin rewards credit card which will be contending with the credit card from Crypto.com YouHodler uses some of the most advanced services amongst the crypto lending platforms.

 

currencies on which you are able to make interest. YouHodler allows you to exchange between various currencies or deposit fiat through bank wire or other supported payment services. The minimum deposit amounts are extremely low, so you do not need to move hundreds of Dollars or euros to test the platform. The minimum deposit is around 50 EUR or USD worth of cryptocurrency. As YouHodler does not have a banking license, you can only earn interest on your crypto possessions. Apart from making interest on your deposits or exchanging cryptos, YouHodler likewise uses you the choice to obtain fiat money in exchange for security. The platform presently supports just loans in us euros or dollars. YouHodler is also one of the platforms with versatile loan terms and an optimum 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 surpasses this video, you can find out how it works in our dedicated youhodler evaluation on p2pempire. Nexo’s functionality is similar to Celsius Network. Nexo is also utilizing its utility tokens to use better rates on loans, greater interests on crypto and fiat deposits, or more complimentary withdrawals per month. Also if you decide to stake your coins or fiat, meaning you lock your assets for a specified term, you can get a greater rate of interest. Like BlockFi, Nexo also uses you to buy, or exchange crypto if you wish to hold your properties in numerous currencies. Now you have a truly strong idea of what every crypto loaning platform is using. What you must consider however, is that as soon as you deposit your crypto on any platform, you are not owning your personal secrets anymore and your assets might get jeopardized either by 3rd 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 fact that you Youhodler.Io Review

 

give up your ownership of the assets 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 downside of this technique is that you will just gain 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 financing platforms. As with any investment, it always comes down to the threat and return and your danger profile. Based on our extensive comparison, let’s have an appearance at our independent ratings of every classification for every platform. Keep in mind, that we have assigned the rankings based on our own research. One represents the lowest score while five represent the greatest rating. Within the business model category.

Youhodler Io Review 2022 – Now FAQ

Looking for Youhodler Io Review…A lot of you have actually requested a comparison in between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that allow you to earn interest on your cryptocurrencies and stablecoins. As requested, in this video, we will be comparing the business design of specific platforms, the return rates, the credibility and track record, usability of their apps and we will likewise speak about a few of the dangers that you ought to consider when transferring your crypto on among these platforms. We will also round up the comparison with our independent score of the just-mentioned categories for each platform. So keep watching up until completion to learn how we scored private platforms. If you are new to this channel and your objective is to become a more informed P2P financier,

 

think about subscribing and hit the like button to see more content like this in the future. So let’s very first offer you a short 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. Currently, there are over 650,000 users utilizing Celsius Network to take a crypto loan or make interest on their stablecoins and cryptocurrencies. In overall, Celsius manages more than $17 B worth of assets. The platform provides its services worldwide, however, they are currently not providing loans in the United States due to regional guidelines. BlockFi is the largest

youhodler crypto interest loans, platform for users

The platform provides crypto-backed loans in 47 US states and their crypto interest account is readily available worldwide with exception of approved nations. Nexo is another European platform that uses crypto lovers the alternative to make interest not just on their coins but also fiat deposits. Nexo is in reality, one of only 2, to us understood, crypto lending platforms that provide interest on fiat deposits.

 

let’s speak about how they earn money in the first place. Celsius makes cash from the interest they charge to the borrowers which are either retail borrowers or institutions, they likewise make money from their CEL token which is an utility token that you can utilize to increase your benefits on Celsius Network. Another earnings stream is the rehypothecation which means that Celsius uses the collateral from the customers and releases it in order to create additional income. BlockFi is likewise generating income through the interest that is being credited customers. The platform also charges a 2% origination charge for anyone who wants to take a loan. Another earnings stream is BlockFi’s exchange feature. The platform earns money from the spread when exchanging currencies. BlockFi likewise charges withdrawal costs after your one totally free withdrawal per month. And the platform is likewise preparing to release a BlockFi charge card which will create another earnings stream. YouHodler is likewise earning money from the interest credited customers. There is a small withdrawal charge and fees for extra services such as the Multi HODL tool, which is a function that lets you take advantage of your crypto possessions in exchange for potential returns. Like all the other platforms, Nexo likewise takes a cut from the interest that is being paid by the customers. Nexo likewise makes earnings with their Nexo token. That’s at least our interpretation from Nexo’s business design as the platform doesn’t have A devoted area about

money fees on celsius services priced about stablecoins  profit margin Youhodler Io Review

this on their website. Now let’s discuss the returns. If you are viewing this video, you want to make cash by transferring your coins on one of the platforms? Before we compare the rates, there are a few things that you must consider. When it comes to offering interest on your coins, every platform has particular limits and terms. For example, Celsius Network alters the rates every week to show the present market situation. You are only able to earn greater rates if you decide to get the interest in Celsius’s own energy token. The higher reward rates are likewise not offered for US people. If you would not wish to pay out your benefits in the CEL token, you can presently anticipate 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 on the number of your properties. The more bitcoin or ethereum you deposit, the less interest you will get. The rates of interest for Ethereum ranges 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 currently at

 

9% per year. What’s worth mentioning is that if you wish to conserve some charges, and bring more stability into your crypto interest account, you can also deposit the Binance USD coin for which you will not require to pay the significant gas cost, as the currency runs on the Binance Smart Chain with way lower fees in comparison to stablecoins that run on the ethereum network. The Binance USD coin is presently just supported on Celsius Network and BlockFi. YouHodler offers currently the most competitive rates for your USDC coins without the need to stake the platform’s own energy tokens. 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 uses greater benefits for those who want to get the interest in the native NEXO tokens instead of the deposited currency. The platform offers 6% for non-Nexo token holders on bitcoin and ethereum and 10% on the USDC coin. What you must keep in mind is that platforms tend to adjust the rates from time to time, so you can’t actually forecast the genuine return from your deposits. Keep in mind that by depositing your crypto, the worth of the currency may reduce Which will make it hard for you to liquidate your possessions if that’s something you would otherwise think about. So now, that you understand the returns let’s briefly review the trustworthiness of the platforms and their track record. Celsius Network is most likely the most legitimate platform in this space. The founder Alex Mashinsky is a widely known business owner. Prior to introducing the Celsius network, he has actually co-founded three start-ups worth more than $1 Billion each. On the Celsius App, you are likewise able to keep an eye on the development and review a few of the stats. As we are tape-recording this video, there are over 650,000 users and the platform is managing $17 billion worth of properties. Alone in the last 12 months, Celsius has Youhodler Io Review

bitcoin amount of lending service with value feature trading

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 successful. BlockFi is also funded by numerous institutional financiers and the platform is generally targeting the United States market. According to our research, it appears like he has actually transferred to Switzerland to release his crypto loaning platform YouHodler in 2017.

 

deposit quantity as compared to the users on the Celsius Network. We are not delighted about Nexo’s reporting requirements as we have mentioned 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 manage $12B from 1.5 M users, which we think is a bit of a steep development even if we think about the hype in the crypto area. 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 market. On his LinkedIn profile, he describes Nexo as the leading regulated financial institution for digital possessions. I would be actually interested by whom Nexo is regulated, as the company doesn’t have a financing license in Estonia, where they are a legal entity Nexo Services OU is based. Throughout our research, we discovered connections to Bulgaria, Estonia, the UK, and the Cayman Islands however their legal address is nowhere to be discovered on the site. The 2nd co-founder of Nexo is Kosta Kantchev who likewise founded Credissimo, a Bulgarian payday loan business that obviously is financing Nexo. According to our current research study, the executive board does not even include Antoli, but only Kosta and two other gentlemen, from which one is William Arthur Vesilind who was previously the executive director at TrustBuddy, a Swedish p2p lending platform, which is understood for the “misuse of clients money”. When examining some of Nexo’s remarks from the CEO

turbocharge  stablecoins crypto assets  coins investment profile

 

in the media, he is frequently only promoting crypto and predicting prices but lacks any deeper insights into the crypto loaning space or how Nexo is operating. That’s just our impression from his Bloomberg talks. Likewise, Nexo is the only platform that offers 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 comprehend the legal setup under which Nexo is offering its services. So now that we have examined some of the performance history of the four mentioned platforms, let’s briefly discuss the functionality of every crypto lending website. Celsius has actually started as a native mobile app. The app is well developed and it includes various security features such as the biometric scan, HODL mode, and 2FA. In the control panel, you are able to see how numerous possessions you are holding and what are the presently offered rates. You can transfer and withdraw 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 fees for credit card purchases or SEPA transfers. Celsius Network supports currently 40 digital possessions. BlockiFi makes a less developed impression. The app is really simple and so is the desktop variation of the platform. BlockFi supports presently only 10 digital currencies. The platform likewise uses a devoted exchange so you can even trade them. We do not advise this feature that much as the exchange rates are not the best. While the crypto loans on BlockFi are just offered to U.S. residents, the platform is also working on a Bitcoin rewards credit card which will be taking on the credit card from Crypto.com YouHodler uses a few of the most advanced services among the crypto financing platforms. Currently, the platform supports 18 digital

 

YouHodler is also one of the platforms with versatile loan terms and an optimum LTV of 90%. Now you have a really solid idea of what every crypto financing platform is providing. What you ought to think about however, is that as soon as you deposit your crypto on any platform, you are not owning your private secrets anymore and your possessions might get compromised either by third celebrations or by the platform itself. Youhodler Io Review

 

The only way to safeguard your crypto is to store it on a dedicated hardware wallet like this one from Trezor. The disadvantage of this strategy is that you will only 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 financing platforms. Based on our in-depth comparison, let’s have an appearance at our independent scores of every classification for every platform.