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Youhodler vs Nexo: Pros, Cons and Which is Better?

Are you looking for a platform to help you earn interest on your crypto assets? Read on as we compare Youhodler vs Nexo to help you make your decision.


youhodler vs nexo

  • Features
  • Ease of use
  • Security
  • Support
  • Reputation
  • Fees
  • Overall
Youhodler
  • 5
  • 4
  • 4
  • 4
  • 3
  • 3
  • 3.83
Go to siteYouhodler
Nexo
  • 3
  • 4
  • 5
  • 4
  • 4
  • 4
  • 4
Go to siteNexo

Cryptocurrency is expected to make its way to hundreds of banks in 2021.

But if crypto was invented to take banks out of the picture and put you in charge of your own money, why are banks getting involved? The purpose of a bank is to deposit and lend money, so they must see something in crypto.

Banks now see that borrowers prefer the speed and flexibility that crypto loans provide. Similarly, crypto makes it easy for anyone to earn interest by providing backing for loans. There are several platform options, however.

When it comes down to Youhodler vs Nexo, which should you choose? While each offers similar services, a breakdown of features and fees will help you decide which is best for your investment. Read on to find out more.

Crypto Lending

Before jumping into the comparison between these two crypto lending platforms, let's take a quick look at how investing with crypto works.

There are two primary ways to earn interest in these platforms. Similar to traditional investments, the method with more risk has the potential to earn higher gains.

The first technique is using these platforms as a high-yield savings account. Holding funds in one of these accounts will result in compounding interest for you. Most platforms boast higher rates than traditional banks.

The second technique is to take out crypto-backed loans from one of the platforms. Once you've received funds, you can earn interest in several ways, all while still securing your original cryptocurrency.

You may opt to simply hold your loaned crypto in anticipation of making gains in the next bull market. You can also reinvest in other cryptocurrencies to make gains. Otherwise, you may wish to use the funds to invest in your own business.

While cryptocurrency is considered the future of the financial world, it is still known to be volatile. Investing in your crypto is one way to encourage gains despite this volatility.

Both Nexo and Youhodler provide savings accounts and loans, but with different fees and features.

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Youhodler Overview

Youhodler is an EU and Swiss-based organization that was created in 2019. The platform offers a variety of crypto-based services for borrowers, lenders, and other investors.

The company has a few crypto-based focuses. It offers crypto-backed loans, coin conversion, and high-yield savings accounts for your cryptocurrency.

Youhodler is a member of the Financial Commission's Blockchain Association. This means any disputes are covered under the commission's dispute resolution process.

The company's team also has a long history in FinTech, which helps to build trust in the platform.

Nexo Overview

Nexo has been around since 2018 and also boasts a team of FinTech experts. Their history of online lending actually goes back longer than ten years. Their goal is to overhaul the financial industry via blockchain and cryptocurrency.

Nexo's platform provides savings features and crypto-backed loans. Borrowers can use the lending feature to obtain either cash or stablecoins.

Aside from the many cryptocurrencies that Nexo works with, it also has its own NEXO token. Nexo boasts that it is the first dividend-paying asset-based token in the world.

In just a few years of operation, the platform already manages over $4 billion in assets.

Youhodler vs Nexo: How to Invest

Each platform has different options for investing with savings accounts or crypto lending. Here's a breakdown of the options that each offers.

Youhodler

The most basic method of investing with Youhodler is through a savings account. With a minimum investment of only $100 of fiat or any major cryptocurrency, you can open an account and begin accruing interest.

Margin trading can be difficult and require a lot of research. Youhodler's Multi HODL feature provides margin trading with an automated process.

In Multi HODL, selecting some basic settings when opening your account allows you to customize your risk tolerance. This feature is perfect if you are just getting started or don't have the time to dedicate yourself.

Youhodler also offers a service called Turbocharge, which begins with taking out a single loan. The service "clones" your initial collateral to create what the company calls a cascade of loans.

This allows you to invest a larger amount of crypto beginning with only a small amount of collateral.

Nexo

Nexo also provides high-yield savings features. The company boasts 8% interest in crypto and up to 12% on stablecoin investments.

Purchasing NEXO tokens is another way to earn interest with Nexo. NEXO tokens work similarly to other forms of cryptocurrency, but Nexo shares 30% of its profit with token holders in the form of dividends.

Nexo is also primarily a crypto lending platform. Their Crypto Credit Lines service starts at 6.9% APR. This allows you to hold or further invest your borrowed money to accrue interest before paying back the loan.

Youhodler vs Nexo: Platform Features

Both platforms offer savings accounts and near-instant loans without a background check. All of the major cryptocurrencies are available on both platforms as well.

They also each have their own iOS and Android apps to make transactions easier on the go. Otherwise, you can trade in an internet browser. Both platforms include 24/7 customer service for those late-night questions. 

Though many of the basic features are shared, here are some of the differences.

Youhodler

Youhodler offers over 30 types of cryptocurrencies in its savings account options. If you decide to go the savings account route, you can count on weekly dividend payments.

Over 20 different types of cryptocurrency and stablecoins can be used as loan collateral. Additionally, Youhodler already intends to add several more coins soon.

The Youhodler wallet integrates both fiat and cryptocurrency. This integration makes it easier to both convert and manage your investments.

Ledger Vault provides a $150 million crime pooled insurance policy for Youhodler to make your investments safer.

For a more robust explanation of all of Youhodler's features, check out our review.

Nexo

Nexo's high-yield savings account is compatible with 17 different types of cryptocurrency. You'll receive interest payments on these accounts daily.

If you opt for a loan from Nexo, 18 different types of cryptocurrency may be used as collateral. Nexo also offers a debit card for more flexible use of borrowed funds. 

The debit card is backed by Mastercard, giving it an additional layer of security. The company also holds a $375 million insurance policy for NEXO tokens.

More features of Nexo's services can be found in our Nexo review.

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Nexo Logo WordmarkNexo

USD Coin Interest Account
Switch to NEXO
Earn 1000 USD p.a
990.1
10%
APY
  • Investing 10,000.00 USD since June 21, 2020, you could have earned 11,094.76 USD in USDC or 11,294.76 USD in NEXO
  • No min deposit
  • No max deposit
  • Rates updated on Monday, June 21, 2021 at 05:11 AM

Nexo Logo WordmarkNexo

Bitcoin Interest Account
Switch to NEXO
Earn 600 USD p.a
0.01742464
6%
APY
  • No min deposit
  • No max deposit
  • Rates updated on Monday, June 21, 2021 at 05:11 AM

BlockFi Logo WordmarkBlockFi

USD Coin Interest Account
Earn 860 USD p.a
851.49
8.6%
APY
Get up to a $250 crypto bonus with a deposit of $25 or more in crypto
  • Investing 10,000.00 USD since May 27, 2020, you could have earned 10,954.76 USD in USDC
  • No min deposit
  • No max deposit
  • Rates updated on Thursday, May 27, 2021 at 03:40 AM

BlockFi Logo WordmarkBlockFi

Bitcoin Interest Account
Earn 500 USD p.a
0.01452053
5%
APY
Get up to a $250 crypto bonus with a deposit of $25 or more in crypto
  • No min deposit
  • 0.5 BTC max deposit
  • Rates updated on Thursday, May 27, 2021 at 03:40 AM

YouHodler Logo WordmarkYouHodler

Tether Interest Account
Earn 1270 USD p.a
1270
12.7%
APY
  • Investing 10,000.00 USD since June 21, 2020, you could have earned 11,274.11 USD in USDT
  • No min deposit
  • No max deposit
  • Rates updated on Monday, June 21, 2021 at 05:11 AM

YouHodler Logo WordmarkYouHodler

USD Coin Interest Account
Earn 1200 USD p.a
1188.12
12%
APY
  • Investing 10,000.00 USD since June 21, 2020, you could have earned 11,294.76 USD in USDC
  • No min deposit
  • No max deposit
  • Rates updated on Monday, June 21, 2021 at 05:11 AM

Invictus Logo WordmarkInvictus

Tether Interest Account
Earn 339.43 USD p.a
339.43
3.39%
APY
Sign up and win $1000
  • Investing 10,000.00 USD since June 21, 2020, you could have earned 10,343.54 USD in USDT
  • No min deposit
  • No max deposit
  • Rates updated on Monday, June 21, 2021 at 05:10 AM

Invictus Logo WordmarkInvictus

USD Coin Interest Account
Earn 339.43 USD p.a
336.07
3.39%
APY
Sign up and win $1000
  • Investing 10,000.00 USD since June 21, 2020, you could have earned 10,434.19 USD in USDC
  • No min deposit
  • No max deposit
  • Rates updated on Monday, June 21, 2021 at 05:10 AM

Celsius Logo WordmarkCelsius

USD Coin Interest Account
Switch to CEL
Earn 888 USD p.a
879.21
8.88%
APY
Promo code: BITCOMPARE. Users will get $40 in free DAI after transferring $200 or more in crypto to their Celsius wallet and holding for 30 days. Minimum of $200 must be transferred in one transaction.
  • Investing 10,000.00 USD since June 2, 2020, you could have earned 10,982.76 USD in USDC or 11,215.76 USD in CEL
  • No min deposit
  • No max deposit
  • Rates updated on Wednesday, June 2, 2021 at 12:00 PM

Celsius Logo WordmarkCelsius

Bitcoin Interest Account
Switch to CEL
Earn 351 USD p.a
0.01019341
3.51%
APY
Promo code: BITCOMPARE. Users will get $40 in free DAI after transferring $200 or more in crypto to their Celsius wallet and holding for 30 days. Minimum of $200 must be transferred in one transaction.
  • No min deposit
  • No max deposit
  • Rates updated on Wednesday, June 2, 2021 at 12:00 PM

Hodlnaut Logo WordmarkHodlnaut

USD Coin Interest Account
Earn 1050 USD p.a
1039.6
10.5%
APY
  • Investing 10,000.00 USD since June 21, 2020, you could have earned 11,144.76 USD in USDC
  • No min deposit
  • No max deposit
  • Rates updated on Monday, June 21, 2021 at 05:10 AM

Hodlnaut Logo WordmarkHodlnaut

Bitcoin Interest Account
Earn 620 USD p.a
0.01800546
6.2%
APY
  • No min deposit
  • No max deposit
  • Rates updated on Monday, June 21, 2021 at 05:10 AM

SwissBorg Logo WordmarkSwissBorg

USD Coin Interest Account
Earn 1425 USD p.a
1410.89
14.25%
APY
  • Investing 10,000.00 USD since June 21, 2020, you could have earned 11,519.76 USD in USDC
  • No min deposit
  • No max deposit
  • Rates updated on Monday, June 21, 2021 at 05:11 AM

SwissBorg Logo WordmarkSwissBorg

Bitcoin Interest Account
Earn 500 USD p.a
0.01452053
5%
APY
  • No min deposit
  • No max deposit
  • Rates updated on Monday, June 21, 2021 at 05:11 AM

Ledn Logo WordmarkLedn

USD Coin Interest Account
Earn 1100 USD p.a
1089.11
11%
APY
  • Investing 10,000.00 USD since June 21, 2020, you could have earned 11,194.76 USD in USDC
  • No min deposit
  • No max deposit
  • Rates updated on Monday, June 21, 2021 at 05:11 AM

Ledn Logo WordmarkLedn

Bitcoin Interest Account
Earn 610 USD p.a
0.01771505
6.1%
APY
  • No min deposit
  • 2 BTC max deposit
  • Rates updated on Monday, June 21, 2021 at 05:11 AM

Frequently asked questions about Youhodler

We’ve compiled some answers to questions we often get. Should you have any other questions, feel free to reach out below in the comments.

Where is YouHodler based?

YouHodler are based in Cyprus and have operations in Switzerland. Their Cyprus address is: Arch Makariou III, 172, Melford Tower, 3027 Limassol, Cyprus

Can YouHodler be trusted?

YouHodler is a real company, paying real interest, however, like all companies on this platform, we do recommend to always do your own research and only invest what you’re comfortable with. It’s also worth researching things like their LTV to determine how much loan risk they are exposed to when deciding which company to deposit your funds with or when taking a loan.

What products does YouHodler offer?

When you create an account with YouHodler, you gain access to two core products and two supplemental products. The core products are crypto savings accounts and crypto loans.

The supplemental products include Multi-Hodl and Turbocharge. Get more details about the platform's products and what they can do for you.

Who should consider using Youhodler?

The YouHodler platform delivers a well-rounded experience to customers. That means you'll find everything you could want as a crypto investor and owner in one spot. 

If you're looking for one place where you can handle all of your financial services, YouHodler offers solutions with its digital assets.

How does the Youhodler wallet work?

Designed for efficiency and simplicity, the YouHodler wallet lets you transfer your cryptos. You can also convert digital assets to fiat currencies and hold funds for investment. In terms of options, YouHodler offers wallet designs exclusively for Bitcoin and 14 other popular cryptos. 

Your YouHodler Wallet is where you'll manage a variety of features offered by the platform. You can keep track of everything from earnings to account balances here. The platform maintains partnerships with a handful of institutions to facilitate the HODLing of fiat currencies securely and safely. 

Through your YouHodler wallet, you can manage your investments, opening savings accounts, and loan applications and accounts.

Why apply for a loan through Youhodler?

What's one of the things that customers find most unique about YouHodler? Its ability to provide customers with loans. Consider these loans as a means of hedge financing. These loans also provide you with flexibility when it comes to accessing crypto trading markets. 

A crypto-backed loan through YouHodler also gives you access to fiat currency while still HODLing your crypto assets. It reduces the risk accompanying investment choices and provides you with more overall flexibility as an investor.

Frequently asked questions about Nexo

We’ve compiled some answers to questions we often get. Should you have any other questions, feel free to reach out below in the comments.

How Does It Work?

As their slogan suggests, Nexo supports you to bank on crypto. Lending with this platform, you can earn 12% interest that compounds and pays out daily. If you borrow on the platform, you will have a starting APR of 5.9%.

On top of all this, you make your deposits and withdrawals whenever you like without limits. And for automatic approvals, there are no credit checks. The platform supports over 40 fiat currencies in over 200 countries of supported transaction locale.

How to Borrow Cash With Nexo?

You can instantly borrow fiat from Nexo by using crypto as collateral. As mentioned earlier, they support over 40+ currencies, and you can spend it how you like with your method of choice or with a Nexo card.

Once again, to borrow, login to your account. Select supported crypto and "Top Up". Send your crypto to the address and you're set. It's the same process as lending crypto.

Behind the deposit, you will see your credit line, which you can use instantly. You can transfer to a bank or use it with your Nexo card. With the Instant Crypto Credit Line, you can make use of a variety of crypto to back your loan. This ensures that you are less vulnerable to crypto volatility

Nexo provides a 50% discount on the final amount. If your outstanding balance is within the loan limit, you don't need to make monthly payments. Once you fully repay the loan, you can withdraw your assets from the wallet. You can also choose to start a new line of credit with the collateral.

When it comes to loan limits, it's determined by the market value of your assets used as collateral. If your assets increase in value, the Nexo Oracle (Nexo AI) will increase your loan limit automatically.

How to Use Your Crypto On Nexo?

Before you can deposit your digital assets, you have to confirm your personal details. Without verification, you will not be able to borrow or lend fiat or crypto. You will also be able to see the interest rates.

Start by logging in or creating an account on Nexo. After this, choose the crypto that you prefer and "Top Up". Send your digital assets to the secure address and you're all set.

Nexo will display your balance and how much you can earn. You have the ability to withdraw whenever you like without fees and penalties. When you deposit your crypto, you will also see your open credit line.

Is the Nexo debit card available yet?

The Nexo Card is not available to most people just yet. It’s something they’ve been working on for a couple of years now. Some of the features include 2% cash back. What’s best about this is that you can even choose whether you receive it as Bitcoin or Nexo tokens.

What fiat currencies and crypto coins and tokens Nexo support?

Nexo supports 17 cryptocurrencies, and it includes BTC, ETH, PAXG, BNB, XLM, NEXO, BCH, EOS, LINK, TRX, USDC, USDT, and much more. When it comes to receiving loans in fiat currencies, Nexo offers loans in 45 fiat currencies.

How can I deposit funds to Nexo?

Depositing funds to Nexo is quite simple. Select one of the supported cryptocurrencies and it will generate a private deposit address. Copy it & paste the copied address to the "withdraw address" option of the wallet or exchange that you are using to transfer funds to Nexo and click on the withdraw/send button. That's it as soon you will receive the funds in your Nexo wallet/account after the number of network confirmations is reached.

Which Is Right for You?

As in traditional investments, your financial priorities will dictate the best platform for your preferred strategy.

Nexo is packed with benefits like the NEXO token and the Mastercard debit card. If your goal is to have more flexibility in your investments, Nexo may be the right path for you.

However, if you're looking to get the most bang for your buck, Youhodler's higher interest rates and intuitive Multi HODL tool are the way to go.

Stay up to Date With Changes

When it comes down to Youhodler vs Nexo, it's easy to decide which is best based on your goals.  But with only a few years under their belts, you can expect new features and capabilities in the coming years.

It can be tough to stay up to date with crypto investing. Be the first to know about emerging technologies by subscribing to our newsletter!

  • Features
  • Ease of use
  • Security
  • Support
  • Reputation
  • Fees
  • Overall
Youhodler
  • 5
  • 4
  • 4
  • 4
  • 3
  • 3
  • 3.83
Go to siteYouhodler
Nexo
  • 3
  • 4
  • 5
  • 4
  • 4
  • 4
  • 4
Go to siteNexo

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