Showing posts with label crypto loan. Show all posts
Showing posts with label crypto loan. Show all posts

YouHodler vs Celsius Network: Who’s the King of Crypto Loans?

Compare crypto loans
In the crypto industry in 2020, you can’t navigate any corner of the internet without running into DeFi or FinTech platforms offering high-yield savings accounts. YouHodler and Celsius Network are two of the most popular options out there, both offering higher than usual interest rates on savings accounts. However, once you strip each contender away from their high-yielding numbers, what is left? Let’s find out who is the true king of crypto lending platforms with a YouHodler vs Celsius Network in-depth analysis.

YouHodler vs Celsius Network: Cryptocurrency savings accounts
YouHodler savings account rates

Considering these two platforms are best known for their high-yield, cryptocurrency savings accounts, let’s start the comparison here. At the moment, YouHodler currently has fourteen unique assets that users can earn interest on. Interest rates are compounding and range from 3% - 12%. In addition, interest payouts are deposited weekly, there is no minimum requirement to start earning interests and the funds are never locked up.

More interesting perhaps is YouHodler’s new updated savings accounts. With their recent 2.0 “Affinity” update, YouHodler now lets users earn interest on their crypto assets directly in their wallet without having to withdraw to a separate savings accounts. This allows clients to use savings funds as collateral for loans and also to use in the platform’s unique “Multi HODL” feature.

Speaking of Multi HODL, YouHodler states that users can actually earn interest above the maximum limit of $100,000 using Multi HODL. For example, if a user has $100,000 in their savings account and opens a Multi HODL worth $50,000, then the user will earn interest on the entire $150,000 during the length of the open Multi HODL position. When it is closed, they will go back to earning interest just on the $100,000. This is truly a unique feature not found on Celsius Network or anywhere else for that matter.




Celsius Network savings account

Now moving on to Celsius. The screenshot above is just a quick glimpse of the many savings account options available. In total, Celsius has twenty-seven different currencies to earn interest in including both fiat and crypto varieties. Interest rates range from 2% - 11.90%. Here is where it gets tricky though.

Even though Celsius claims users can earn 12%, the highest they can actually get is 11.90% and that’s only if the user chooses to receive interest payments in Celsius’ native token (CEL). If not, then the highest the user can earn is 8.9%. Aside from this small misleading fact, Celsius actually has some favorable conditions such as no minimum deposit, fee-free withdrawals. However, it is unclear from the information Celsius provided if users can use funds from their savings account as collateral for a crypto-backed loan.

Earning interest on gold

Before moving on to the next segment, let’s compare a sub-category of savings accounts: earning interest on Gold. Celsius has a separate section that allows users to earn compounding interest on the precious metal Gold. They offer a 3% interest rate on that. Meanwhile, YouHodler lets users earn interest on “digital gold” Pax Gold (PAXG). Owners of PAXG are owners of real gold stored in real vaults, just in a digital format. It’s exactly the same as owning real gold but the main difference is you can earn 8.2% interest in PAXG using YouHodler savings accounts.
YouHodler vs Celsius: crypto loan comparison

Both YouHodler and Celsius started out as humble lending platforms that have since evolved into two, multi-faceted financial powerhouses. That being said, their lending products are still very active but offer two completely different experiences. Let’s start with YouHodler.

Source: YouHodler.com

The first quality one will immediately notice on YouHodler’s loan page is the high loan to value ratio (LTV) on loans (90%). 90% is unheard of in the lending space and it means users can get almost the full value of their collateral for a loan. In addition, YouHodler has two other loan plans. For convenience, here are all three outlined for you:

Loan plan #1:
90% LTV
30-day duration
1.70 % loan fee (paid once)
- 5% price down limit (margin call)

Loan plan #2:
70% LTV
60-day duration
2.90% loan fee (paid once)
- 25% price down limit (margin call)

Loan plan #3:
50% LTV
180 - day duration
7.50% loan fee (paid once)
- 40% price down limit (margin call)

In addition to the aforementioned facts, YouHodler has 14 + crypto collateral options, instant cash from the platform’s own fiat funds, flexible repayment and loan to value ratios for those that want a custom option.




Source: Celsius.Network

Now, Celsius has 27 unique collateral options available. Those numbers beats YouHodler but unfortunately, that’s where the accolades end for Celsius in the loan department. The LTV one will find on Celsius is just 50%, which requires a minimum of $1,000 worth of collateral (compared to $100 for YouHodler). That essentially negates everyone in crypto who needs a loan but does not have $1,000 to spare. 

Loan terms range from 6 months to 3 years and Celsius charges a monthly fee of 1% to keep the loan open (0.7% for those that pay interest with the CEL token.). Like YouHodler, and virtually all other crypto lending platforms, Celsius does not require credit checks and features instant approval on all loans that fit the conditions provided.

YouHodler vs Celsius: bonus features

Multi HODL and Turbocharge


Now that we’ve covered the core features that these two platforms share, let’s start exploring deeper territory with some innovative features that are unique to Celsius and YouHodler. For example, YouHodler has the original Multi HODL tool. At first glance, it looks like some sort of trading tool but after some more research, we discovered it’s powered by YouHodler’s “chain of loans” engine.




Essentially what this means is that depending on which button the users choose (UP or DOWN), YouHodler initiates a chain of loans to help a user either buy more crypto or sell more crypto. This is comparable to opening a long or short position on an exchange but on YouHodler, it’s 100% automated. YouHodler claims users can achieve a potential profit of up to 290% using the maximum multiplier amount (x10). Furthermore, there are no rollover fees for 10 days and users can customize their position with adjustable Take Profit and Margin Call levels. Hence, giving them more control over when they can exit the market profitably. 

Lastly, Multi HODL users don’t have to worry about losing interest in their savings accounts. They can take funds from the savings account for Multi HODL and still earn interest on those funds. According to YouHodler “Multi HODL is a great tool to use hand-in-hand with savings accounts. Keep the majority of your funds in safe, stable assets earning passive income and take a smaller portion to use for adventurous and potentially highly profitable activities on Multi HODL. 

YouHodler also has another product powered by the chain of loans engine called “Turbocharge.” Simply put, this feature uses an automatic chain of loans (up to 10 loans in a chain) to help users buy more crypto during a bull run. It’s a unique way to obtain a multiplied amount of crypto using a small, initial collateral amount. 

CEL Token

One could write an entire review on just CEL token alone with its tokenomics, utilities, price history and more. For the sake of convenience though, we’ll keep it short. According to Celsius, CEL token is “an in-app utility token that gives Celsius members exclusive access to the best financial services for cryptocurrencies. Get better interest rates, priority status, community membership, and more.”

Think of owning a CEL token as a ticket to a VIP club. Token holders get lower rates on loans, higher rates on savings accounts, and other additional features like the ability to skip lines on teh platform, and premium access to the support team, and company events. 

Click here to learn about the CEL token. 

One last feature that is unique about Celsius is their merchandise store. Yes, it’s not really a “feature” per se but it’s something many other platforms don’t have and they have some cool looking merchandise for crypto enthusiasts. 

YouHodler vs Celsius: affiliate programs

Do you have a knack for creative marketing? If so, affiliate programs are a great way to put that talent to use and get paid by other companies for doing it. Luckily, both platforms have affiliate programs to help you do this. Let’s compare.

YouHodler’s affiliate program uses a special web service let lets you monitor your referrals every move and track your earnings in real-time. The program gives you a few different options to choose from, with a variety of free creatives to help you market YouHodler and get paid for it. YouHodler pays cash or crypto for every person who follows your affiliate link and becomes an active YouHodler client. Depending on the plan you choose, you can get up to $100 per active client. Payouts are monthly and automatic. 

Celsius affiliate program also pays you if you bring a qualified user to the platform. Celsius defines a “qualified” user as someone who brings at least $200 to the platform and holds it there for at least 30 days. If the user does that, then the affiliate marketer gets their reward ($50 per qualified user. There is no limit on how many users one can bring to the platform. Payouts are automatic and come four times a year (quarterly).

YouHodler vs Celsius: the final verdict

This was not an easy one to decide. Both platforms are titans of the industry with loyal followings but in the end, it comes down to the numbers and creativity. YouHodler has higher interest rates on savings accounts and higher loan to value ratios for loans. Celsius does have slightly lower fees on loans but YouHodler makes up for it with their high rates on savings. 

Furthermore, there is no additional step one must take to access these high rates on YouHodler. Celsius, however, requires you to buy their CEL to get the high rates as advertised and that is a questionable move. Sure, it’s cool that Celsius has a native token for the platform but if we’re just comparing raw, platform features, YouHodler comes out victorious.

Additionally, they seem to have a highly innovative tech team developing these original features like Multi HODL and Turbocharge. Celsius and other platforms are not doing that. And from a UX/UI experience, YouHodler’s web, Android and iOS apps are all intuitive, beautiful, clean, and user friendly. Sorry, but another crypto token like CEL or a fancy merchandise store is not enough to sway my opinion when it comes down to the tech. 

Well, that wraps up the review for this round. Go ahead and give both platforms a try to draw your own conclusions and let us know what you think. 

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Author: Ryan Kalbari
Toronto Newsdesk

Bitcoin & Cryptocurrency Loans - Why You Need To Learn How To Get Them, and Where To Go When You Want One...


There's no need to sell your coins when you need money - crypto loan interest rates are so low it shocks people! You get cash, but remain the owner of your coins.

Ask yourself - if the crypto loan's interest rates are LESS than 1% per month and you believe Bitcoin will go up by more than 1% - why would you EVER sell your crypto when lending platforms exist?

It honestly surprises me at this point when I hear someone deeply invested in crypto, and they've sold their coins instead of kept them by using them to get loans when they needed money.


The first Bitcoin loan I took out showed me what a lifesaver this is - it was a 6 month loan when Bitcoin was in the $5000's.  I took out $3000, but by the time my loan matured, the Bitcoin I initially gave the platform to hold as collateral had gone up so much in value I didn't owe anything I kept the cash too.

The Secret Advantages:


Multiplying Bitcoin: Using your Bitcoin to get loaned USD, using that USD to buy more Bitcoin. If the price goes up, you're holding more.  This can be repeated again and again, I covered how $500 was turned into $3000+ worth of Bitcoin in an article here.

It's Tax Free Cash: In Most countries, loan money isn't taxed!

Earn Interest: The same platforms that lend out crypto, will pay you interest if you let them lend out yours!  Banks are giving less than 2% but you can expect 5%+ in the crypto market!


No penalties: For paying a loan off early, or withdrawing if you've deposited your crypto to earn interest. 

We currently recommend:

If you're outside the US: YouHodler.

Inside the US: CoinLoan.

Both have solid reputations, not only has our staff used both but they also have enough users that we were able to find countless reviews and mentions of them in various crypto communities. 


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Author: Matt Miller
London News Desk
CryptocurrencyLoaning.com
A Partner Site of The Global Crypto Press


Don't Sell Those Coins - Bitcoin & Crypto Loans With Terms In YOUR Favor!? Our YouHodler Review...

Photo of Bitcoin Loan with Crypto Loans
Today we're going to take a look at and review YouHodler, one of the longer running bitcoin & crypto loan platforms.

In 2019 they expanded to feature several other services, including some creations of their own and we'll take a look at those too.

One step I take before going in to my own review, is scanning various crypto communities for mentions of the company, to hear other peoples experiences.  Just to make sure if I had a good experience, it doesn't turn out to be a rare thing.  Or, if I had a bad experience and others are saying a company is great, I need to be open to the possibility that my bad impression just isn't accurate, but rather an anomaly.

In the case of YouHodler, I was unable to find any angry customers posting complaints. So, off to a good start!

Now lets take a look at what they offer!


Bitcoin & Crypto Loans...

Here is where YouHodler really excels for one obvious reason - their loan-to-value rates!

I was extremely disappointed when I first set food into the crypto loan world, finding out that i'd need to deposit $10,000 to get a $5000 loan just made the whole thing seem like it wasn't worth doing.

But YouHodler is still to this day offering their 90% Loan-To-Value loan, which has an interest rate of just 3%!

Not sure how they do it, but that's not my problem - it works and you get the funds right away.

Also worth noting - you can use 12 different cryptocurrencies as collateral!

The majority of lenders are bitcoin only, with a few accepting Ethereum as well.  So, this is another area YouHodler stands out.


Turbocharge Loan - Instantly Multiply Your Bitcoin...

This is one of their inventions, something some savy traders have been doing on their own but could take hours to fully execute. YouHodler has it down to 1 click with their "turbocharge" tool.

It works by using your bitcoin loan to buy more bitcoin, like:

Loan 1: 1 BTC
Loan 2: 0.864 BTC
Loan 3: 0.746496 BTC
Loan 4: 0.644973 BTC
Loan 5: 0.557257 BTC

Now, the user with 1 BTC suddenly has 3.812726 BTC, and positioned to score bit during a bull run.  YouHodler explains the smart way to use this:

"Perhaps the best part of this strategy is that it’s a moderate risk. Users can always repay the crypto loans back using the same “chain” strategy. For example, users can repay the smallest loan in the chain, get back some BTC and convert this BTC to fiat to use towards paying back the next loan in the chain. Take note that the amount taken from the 5th loan in the chain will not be enough to repay the 4th loan. The user will need to add a small amount to this in order to pay back the 4th loan (applicable for a case when the price is less than +12.7%). By repaying the chain of loans using this method, clients only need to pay the loan interest for the additional 2.812726 BTC in order to get their 1 BTC (original collateral) back."

Next time you feel a bull run coming, and turn out to be right - you don't need to stare at the charts wishing you bought more - turbo charge your existing holdings!


Earn Interest On Coins You're Saving Anyway ...

This doesn't take too much explaining - you can earn 12% on stablecoins, and 7.2% on Bitcoin by simply leaving your coins for storage on the platform.

So if you're currently just letting what you're HODLing long term sit in a wallet doing nothing, you should seriously consider earning interest and turning them into active income.

Big advantage here is that you get your interest earnings in a monthly payment, which you can immediately spend as you wish.


Our Official Conclusion:

YouHodler should be among the first places you try - they're just getting a lot of things right!

Crypto lending platforms aren't rare anymore, neither is the ability to earn interest on your coins - but you won't find platforms with terms as user-friendly as YouHodler's.

Then, their 'TurboCharge' just earns them points for having a feature that's useful, but can't be found anywhere else.


Our Readers Get The VIP Treatment!

So - check them out here and since you followed the link from our site, we've arranged with YouHodler to give anyone who signs up from here special terms, including more time to pay back your loan with no penalty!


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Author: Matt Miller
London News Desk
CryptocurrencyLoans Team | YouHodler Review

Bitcoin/Crypto Loans Popular With Wealthy People... Who Don't Need Money. The 2 Reasons Why, That YOU Should Copy!

The financial tricks the wealthy have used and kept quiet about, have just gone very public.

From getting loans for personal or business use, to earning interest on the cryptocurrency you own, the cryptocurrency financial world has reached the point that they're able to provide almost any financial service we were once dependent on banks for.

This is what excited the team behind CryptocurrencyLoaning.com, a site dedicated to everything crypto, except cryptocurrency trading.  You won't find any recommendations on trades, or exchanges there - but you will find how to put your funds to use in this new emerging financial system.

"Forget everything you know, and start with a blank slate and no preconceptions.  People think 'I have no emergency need for funds' so a loan isn't for them" says co-founder & head of the Newsroom, Switzerland based Conrad Sirril.

He continues "Because of that people are missing all the other reasons to get one. When you hear the word 'Loan' you think of someone who desperately needs the money - that's not who is using these crypto services.  This is for smart people who want to maximize investment profits."

How these savvy investors are using crypto and bitcoin loans is quite impressive - but more importantly, these tricks can be used by anyone.

So, why would someone who doesn't need the money take out a crypto loan?

  • First - the money isn't taxed!  

That's right, in most countries (such as the US) money received via a loan is not taxable. So it's basically the smartest way to make a withdraw.  Interest rates will typically be less than half the tax rates!


  • Second - In a bull market, they use their crypto to get a loan, to buy more crypto!

Obviously, don't touch this method if you haven't had success investing in crypto already - but if you've watched your predictions come true thinking 'I wish I was able to buy more' - this is how you do it.

Now, they're holding their position on Bitcoin, and simply need to pay the interest to keep their original coins all while getting the funds to invest in something else at the same time.

The team there has had some success, Sirril shares "Basically we took out loans and bought as much BTC as we could around $4000, and rode the wave of green up to $7000" which is about as perfect as you can pull something like this off, their end result - "so we paid back the lender for all those $4000 Bitcoins, with the coins that were now worth $7000, and kept the difference". That's why many expect the future of Bitcoin loans to be huge.


  • Are Bitcoin & Crypto Loans Safe?

Really, if the worst happens you'll be glad you used your crypto to get cash while the price was high.

But if the value rises while your crypto loan is active, and you used your loan to buy even more - you're going to be a very happy investor.


  • Where do you get a loan using Bitcoin (or another cryptocurrency?)

This is the big question, and the entire reason they launched the Cryptocurrency Loan news portal!  In a short period of time literally, dozens of these sites have popped up, with mixed reviews.  The team there will sort through it all, and make clear recommendations.

Visit them now at http://www.CryptocurrencyLoaning.com

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Information provided via press release
Distributed by Global Crypto Press Association Press Release Distribution Service for industry.

Crypto Into Spending CASH, Without Selling It! Cryptocurrency Loans Are Easier To Get Than You Think...

Instantly access cash you can spend freely - without selling your cryptocurrency!  As you can imagine, the power this gives cryptocurrency traders and investors is atounding.

However, many people seem unaware of just how simple getting a cryprocurrency loan is.

You won't have to speak to anyone. No one runs a credit check.  How much crypto you have determines how much money you can get, and the numbers are the same for everyone.

A few of the staff here have seriously dominated the latest bull run. Using their Bitcoin to get loaned money, to buy more Bitcoin.  Which so far has given them some downright insane returns - but keep in mind the timing was perfect to catch Bitcoin's rise from the $4000's to $7000's.

After researching several of the companies offering this, and looking at feedback of their current users, we decided upon using one called YouHodler.

Youhodler-screen
This is the only thing you'll need to fill out. Then in a push of a button, you have cash.
The process was this simple - you get a wallet address from them, send your BTC there - then access up to 90% of its value in cash! Yes that’s right — with $1000 Bitcoin you can get $900 USD to do whatever you want with.
  •  Visit YouHodler Here.
  •  At signup, use promo code: VHKTB2YIGYSHYLVQ
We've verified this will give you the best rates, and a complementary 5 extra days added to the loan.

There’s smart ways to implement these new tools into a killer trading strategy, if you haven’t adjusted for a world where things like instant-loans are easily available, it’s time you do!

Note: YOUHODLER IS NOT AVAILABLE FOR PEOPLE IN THE US!

This is the only downside with YouHodler - no users from the US (yet, they've said they hope to allow them soon).

For those in the USA, we recommend BlockFi as an alternative. Visit Blockfi here.

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Author: Matt Miller
London News Desk
CryptocurrencyLoans