YouHodler VS NEXO Review 2023

YouHodler Review 2021 VS Celsius VS BlockFi VS NEXO

YouHodler VS Nexo Summary

YouHodler VS NEXO

YouHodler and Nexo are both widespread platforms for earning crypto interest and borrowing against crypto as collateral. They offer a variety of features and services, including the ability to earn interest on crypto assets, borrow against crypto assets, and exchange crypto assets.

YouHodler Intro

YouHodler is a Swiss-based crypto-asset lending and borrowing platform founded in 2018. It offers a variety of interest-bearing accounts for crypto assets, as well as the ability to borrow against crypto assets, exchange crypto assets, and purchase crypto assets with fiat currency. 

Also, there are leverage trading opportunities, especially good for beginners.

Nexo Intro

Nexo is a Bulgarian-based crypto-asset lending and borrowing platform that was founded in 2018. It offers a variety of interest-bearing accounts for crypto assets, as well as the ability to borrow against crypto assets, exchange crypto assets, and purchase crypto assets with fiat currency.

YouHodler VS NEXO Features

YouHodler offers several features and is not only a place for earning crypto interest on a savings account.

YouHodler Features

  • Interest-bearing accounts for crypto assets: YouHodler offers interest-bearing accounts for over 300 crypto assets, with interest rates up to 12% APY.
  • Loans against crypto assets: YouHodler allows users to borrow against their crypto assets, with up to 90% loan-to-value ratios.
  • Exchange of crypto assets: YouHodler allows users to buy and exchange crypto assets with trading fees as low as 0.10%.
  • Purchase of crypto assets with fiat currency: YouHodler allows users to purchase crypto assets with fiat currency, such as USD, EUR, and GBP.
  • MultiHODL: YouHodler’s MultiHODL feature allows users to automatically rebalance their crypto asset portfolio to maximize their earnings.
  • YouHodler Loyalty Program: YouHodler offers a loyalty program that rewards users with higher interest rates and discounts on fees based on the ratio of their NEXO Tokens to their portfolio value.

NEXO Features

  • Interest-bearing accounts for crypto assets: NEXO offers interest-bearing accounts for over 200 crypto assets, with interest rates up to 18% APY.
  • Loans against crypto assets: NEXO allows users to borrow against their crypto assets, with up to 50% loan-to-value ratios.
  • Exchange of crypto assets: NEXO allows users to exchange crypto assets with trading fees as low as 0.00%.
  • Purchase of crypto assets with fiat currency: NEXO allows users to purchase crypto assets with fiat currency, such as USD, EUR, and GBP.
  • Nexo Loyalty Program: Nexo offers a loyalty program that rewards users with higher interest rates and discounts on fees based on the ratio of their NEXO Tokens to their portfolio or credit line.
  • NEXO Pro – Advanced trading terminal sourcing liquidity from several exchanges.

YouHodler VS NEXO Loyalty Program

YouHodler Loyalty Program

Increase your YouHodler yield rate with the loyalty program. In addition, your portfolio limits will also expand as you climb the ladder (how much capital you are allowed to earn yield on).

  • Basic: Depositing $100 equivalent in any cryptocurrency.
  • Jumpstart: The requirement for Jumpstart is just opening your first Multi HODL.
  • Silver: The required trading volume for Silver is $50,000 a month 
  • Gold: The required trading volume for Gold is $150,000 a month 0r $50,000 deposit as A term offer.
  • Platinum: The required trading volume for Platinum is $500,000 a month
  • Diamond: The required trading volume for Diamond is $2,000,000 a month
  • VIP: The required trading volume for VIP is $5,000,000 a month

NEXO Loyalty Program

The Nexo loyalty levels are calculated as a ratio between Nexo tokens in your account divided by the total portfolio value in USD.

NEXO loyalty tier levels and NEXO token requirement

Formula: (NEXO tokens in USD value) / (Total NEXO wallet value in USD)

  • Base: No NEXO Tokens are needed
  • Silver: At least 1% of the Portfolio Balance in your account must comprise NEXO Tokens.
  • Gold: At least 5% of the Portfolio Balance in your account must comprise NEXO Tokens.
  • Platinum: At least 10% of the Portfolio Balance in your account must comprise NEXO Tokens

YouHodler VS NEXO Team

Both YouHodler and Nexo have strong teams with a proven track record in the crypto industry. The best team for you will depend on your individual needs and preferences.

If you are looking for a younger and more dynamic team with a focus on crypto asset lending and borrowing, then YouHodler’s team is the better choice.

If you are looking for a more experienced team with a more diversified expertise, including asset management and investment banking, then Nexo’s team is the better choice.

YouHodler Team

The YouHodler team comprises Ilya Volkov, Renat Gafarov, and Alex Vinny.

Ilya Volkov is the CEO of YouHodler and has over 15 years of experience in the fintech industry.

Renat Gafarov is the CTO of YouHodler and is the blockchain architect behind several crypto exchanges.

Alex Vinny is the head of product and is a former UI/UX developer.

NEXO Team

Nexo co founder in team Antoni trenchev

The Nexo team is led by CEO Antoni Trenchev, who has over 20 years of experience in the financial industry. The team also includes experienced professionals in areas such as crypto asset lending and borrowing, asset management, and investment banking.

YouHodler VS NEXO Interest Rates

In the table below, we have summarized YouHodler VS NEXO.

YouHodler interest rates

  • YouHodler has no native token
  • Youholder has better interest rates if you reach the high levels in their loyalty system

Nexo Interest Rates

NEXO stablecoin interest rates 16%

  • There is a possibility of getting higher interest rates with NEXO
  • NEXO has higher deposit limits
  • NEXO pays daily compounding interest
  • NEXO has a better loyalty system where everyone can climb to the highest tier level

However, it would help if you held a certain percentage of NEXO tokens. 

Also, you need to receive your interest payouts in the NEXO token to receive the best interest rates. 

Read more about NEXO wallet with loyalty levels and interest rates.

Youhodler logo
Nexo logo

Lock Up

Available

1-3 Months

Min Deposit

$100

N/A

Max Deposit

N/A

N/A

6-12%

12-16%

2-7%

0-3%

7-15%

5-8%

2-7%

4-7%

3-9%

4-7%

2-7%

5-8%

N/A

3-7%

2.5-7%

5-8%

6-12%

12-16%

YouHodler VS NEXO Security

Safe Bitcoin Vault

YouHodler Security

YouHodler is a crypto-asset lending and borrowing platform that offers several security features to protect its users’ assets. These features include:

  • Two-factor authentication (2FA): 2FA is an additional layer of security that requires users to enter a code from their phone in addition to their password when logging in.
  • Insurance on user deposits: YouHodler’s user deposits are insured by Ledger Vault, a leading provider of digital asset security solutions.
  • Cold storage: YouHodler stores most of its users’ assets in cold storage, a type of storage not connected to the internet and, therefore, less vulnerable to hacking.
  • Regular security audits: YouHodler regularly conducts security audits to identify and address any potential vulnerabilities.

In addition to these features, YouHodler also has several other security measures in place, such as:

  • Strict KYC/AML procedures: YouHodler requires all users to complete KYC/AML procedures before using the platform. This helps to prevent fraud and money laundering.
  • IP allowlisting: YouHodler allows users to whitelist their IP addresses so that only withdrawals from authorized IP addresses are permitted.
  • Withdrawal limits: YouHodler has daily withdrawal limits in place to help protect users’ assets.

Overall, YouHodler appears to have a comprehensive security framework to protect its users’ assets. However, it is essential to note that no security system is perfect, and users should always research before using any crypto-asset platform.

NEXO Security

NEXO security features
 

Nexo is a crypto-asset lending and borrowing platform that offers several security features to protect its users’ assets. These features include:

  • Two-factor authentication (2FA): 2FA is an additional layer of security that requires users to enter a code from their phone in addition to their password when logging in.
  • Insurance on user deposits: Nexo’s user deposits are insured by Fireblocks, a leading provider of digital asset security solutions.
  • Cold storage: Nexo stores most of its users’ assets in cold storage, a type of storage not connected to the internet and, therefore, less vulnerable to hacking.
  • Regular security audits: Nexo conducts security audits to identify and address potential vulnerabilities.

In addition to these features, Nexo also has several other security measures in place, such as:

  • Strict KYC/AML procedures: Nexo requires all users to complete KYC/AML procedures before using the platform. This helps to prevent fraud and money laundering.
  • IP whitelisting: Nexo allows users to whitelist their IP addresses so that only withdrawals from authorized IP addresses are permitted.
  • Withdrawal limits: Nexo has daily withdrawal limits in place to help protect users’ assets.

Nexo has a comprehensive security framework to protect its users’ assets. However, it is essential to note that no security system is perfect, and users should always research before using any crypto-asset platform.

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