Youhodler Ponzi – Get Crypto Loan Today

Looking for Youhodler Ponzi…Many of you have actually requested a comparison in between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that allow you to make interest on your cryptocurrencies and stablecoins. As requested, in this video, we will be comparing the business model of individual platforms, the return rates, the reliability and track record, use of their apps and we will likewise talk about some of the threats that you must think about when depositing your crypto on one of these platforms.

 

consider subscribing and struck the like button to see more content like this in the future. Let’s first give you a short intro to every platform before we dive deeper into the comparison. Celsius Network is the fastest-growing crypto financing platform in the world, which was founded in 2017 by Alex Mashinsky. Currently, there are over 650,000 users utilizing Celsius Network to earn or take a crypto loan interest on their cryptocurrencies and stablecoins. In total, Celsius manages more than $17 B worth of assets. The platform offers its services worldwide, nevertheless, they are currently not issuing loans in the United States due to regional policies. BlockFi is the largest

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The platform provides crypto-backed loans in 47 US states and their crypto interest account is offered around the world with exception of approved countries. Nexo is another European platform that uses crypto enthusiasts the option to make interest not just on their coins but likewise fiat deposits. Nexo is in reality, one of only 2, to us understood, crypto loaning platforms that offer interest on fiat deposits.

 

And the platform is likewise preparing to release a BlockFi credit card which will generate another income stream. Like all the other platforms, Nexo likewise takes a cut from the interest that is being paid by the customers. That’s at least our analysis from Nexo’s organization design as the platform does not have A devoted section about

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

 

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 provides higher benefits for those who want to receive the interest in the native NEXO tokens instead of the deposited currency. What you ought to 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 Ponzi

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paid more than $367 M worth of rewards. While we have not managed to get answers to our concerns, the CEO does hold a weekly AMA session where he is dealing with the most frequently asked questions, which is something rather uncommon in this space. The platform is not transparent when it pertains 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 find out that the platform is not successful yet. BlockFi is co-founded by Zac Prince and Flori Marquez. The CEO Zac Prince has more experience within the business development space instead of the fintech space. BlockFi is likewise financed by numerous institutional investors and the platform is generally targeting the United States market. While you can utilize the crypto interest account worldwide, the crypto loans are available Only for U.S residents as BlockFi has the required loaning licenses just in the U.S. If you want to examine BlockFi’s statistics you will not be happy as there are none readily available. Some external sources suggest that there are more than 125,000 registered users, however, we were unable to confirm 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, it appears like he has actually moved to Switzerland to introduce his crypto loaning platform YouHodler in 2017. I understand that YouHodler has been applauded by some of you in the discuss previous videos, regrettably, the platform isn’t publicly revealing any monetary reports, nor statistics about their user base or possessions under YouHodler’s management. When utilizing YouHodler, this is something you must certainly think about. Moving on to Nexo. Nexo claims to manage $12 B worth of assets 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 amount as compared to the users on the Celsius Network. We are not delighted about Nexo’s reporting standards 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 5 months later on, the platform claims to manage $12B from 1.5 M users, which we believe is a bit of a high growth even if we consider 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, Antoni was a Bulgarian politician with experience in the style Retail industry. On his LinkedIn profile, he describes Nexo as the leading regulated financial institution for digital possessions. I would be truly interested by whom Nexo is regulated, as the company does not have a lending 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 however their legal address is no place to be found on the website. The second co-founder of Nexo is Kosta Kantchev who likewise established Credissimo, a Bulgarian payday loan company that obviously is financing Nexo. According to our recent research study, the executive board doesn’t even consist of Antoli, however just Kosta and two other gentlemen, from which one is William Arthur Vesilind who was formerly the executive director at TrustBuddy, a Swedish p2p lending platform, which is known for the “abuse of customers cash”. When evaluating some of Nexo’s comments from the CEO

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Nexo is the only platform that uses interest on fiat. Now that we have actually reviewed some of the track records of the 4 discussed platforms, let’s briefly go over the usability of every crypto lending website. While the crypto loans on BlockFi are only available to U.S. people, the platform is likewise working on a Bitcoin benefits credit card which will be completing with the credit card from Crypto.com YouHodler uses some of the most innovative services amongst the crypto financing platforms.

 

YouHodler is likewise one of the platforms with versatile loan terms and a maximum LTV of 90%. Now you have a truly solid idea of what every crypto financing platform is offering. What you need to think about however, is that as quickly as you deposit your crypto on any platform, you are not owning your personal secrets any longer and your possessions may get compromised either by third parties or by the platform itself. Youhodler Ponzi

 

The only method to protect your crypto is to store it on a devoted hardware wallet like this one from Trezor. The downside of this method is that you will just benefit from the increased worth of your coin however not the interest on your deposits, which is something you can do on one of the crypto lending platforms. Based on our thorough contrast, let’s have a look at our independent scores of every classification for every platform.