BEST Crypto Lending Platforms: TOP 5 Picks!! 💸
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- เผยแพร่เมื่อ 19 มิ.ย. 2024
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- TIMESTAMPS -
0:00 Intro
1:30 What are crypto lending platforms?
4:48 Blockfi
10:08 Nexo
13:24 Crypto .com
13:57 Celsius
17:27 Aave
20:39 Final Thoughts
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💸 Try A Crypto Lending Platform 💸
► Nexo: nexo.io
► Crypto.com: guy.coinbureau.com/crypto-mco/
► Aave: aave.com
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📝 Overview 📝
Want to earn passive income or do you need cash but don’t want to sell your crypto? Well, there is a way to do all that by using a crypto lending platform.
In this video, I’ll tell you everything you need to know about them and help choose the right platform for you!
❓ What Are Crypto Lending Platforms ❓
These platforms provide two key services:
► They allow you to supply crypto to earn interest.
► To deposit crypto to get instant loans.
But how do these loans work? In a nutshell, you offer up crypto as collateral and get a percentage of that collateral in either fiat or stablecoins. If the price of crypto moves against you, in fiat terms, then your crypto could get sold to cover the outstanding loan.
There are no credit checks at all and they are usually instantly approved. Another key reason people go for this type of lending is to get cash to spend in the real world today, whilst retaining ownership of their crypto.
5️⃣ Blockfi 5️⃣
This lending platform operates out of New York city and was founded in 2017.
You can get rates as high a 6% for supplying Bitcoin and 8.6% for stablecoins.
Security is also a priority here and the platform is about as secure as the Gemini exchange - that’s because Gemini is its primary custodian. I do need to tell you that Blockfi recently did fall prey to a SIM-swap hack attack and some confidential information was leaked as a result.
If you want to get a crypto loan, you can do just that at Blockfi by providing BTC, ETH or LTC as collateral. The standard loan-to-value ratio here is 50% and the minimum loan amount is a whopping $10,000.
4️⃣ Nexo 4️⃣
Nexo is actually an offshoot of a company called Credissimo which has been in action since 2007. Since 2018, Nexo has processed over $1.5 billion for over 550k users. That means this is a damn popular crypto lending platform.
Interest rates are as high as 8% for assets like Ether, USDC, Paxos, TrueUSD, Dai, Euros and GBP. On top of that killer rate, you can get an additional rate bump to 10% if you hold enough Nexo tokens in your wallet.
In terms of security, funds are insured for up to $100 million via Bitgo. However, you must remember that the platform is centralized and needs KYC.
For those wanting to get a loan, you can do just that for amounts between $500 and $2 million and you’ll pay around 5.9% APR to make that happen.
3️⃣ Crypto.com 3️⃣
I’ve already gone over Crypto.com in another video so I recommend you check that out!
2️⃣ Celsius 2️⃣
These guys have been in business since 2017 and boast over 133,000 users with over $850 million in assets. The platform has also facilitated over $8 billion in loan originations.
Interest rates here are as high as 11.9% if you accept interest payment in CEL token and interest can be earned in a plethora of different currency stablecoins.
As a centralized platform, Celsius has all the security shortcomings of the other platforms mentioned in this video. That being said, user funds are insured for up to $100 million via Bitgo again and Celsius has committed to using its own balance sheet.
There are no minimum deposit amounts on this platform. That makes it perfect for anyone dipping their toes into the crypto lending waters.
If you want to get a crypto loan, there is a lot of flexibility when it comes to LTV, collateral types and loan terms. Oh yes, the minimum loan is only $1,000.
1️⃣ Aave 1️⃣
Watch the video to find out why I have made Aave my number one pick!
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Bitcoin #Lending #crypto #defi #btc #nexo #blockfi #celsius #aave
Thanks for the AAVE mention which I had overlooked. I am more familiar with Maker but perhaps a separate video compare DEFI lending platforms might be an interesting follow-up.
Great video! I agree with number 1 is Aave. We should always support decentralized solutions.
The background you've chosen adds a little glow around the progress bar. It's very cool. :)
Thanks guy, I've learnt a lot from you thus far. May there be every good blessing!
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Guy, thank you for such videos. I can bet that, you have the best material and presentation on crypto market compared to other channels on TH-cam.
Thanks Umer! Really appreciate the support mate.
I agree..no bullshit channel here...the guy is intelligent and impartial. Have you noticed there's no speculations, just trustworthy information over a broad new manifest so as we can make decisions crucial to our future. Without disclosing his private portfolio.and value ...straight up...
.dude's got class.
There is one thing you overlooked on BlockFi in contrast to others. It is their compound interest for which they pay not only interest on the original amount but also for aggregated amount. So overtime the passive income will be parabolic not linear after certain point if you hold your fund long enough.
Guy, you've got the BEST crypto channel on TH-cam, for sure! Thanks much for all the information you give freely. Much better than those high ticket memberships. Keep up the good work!!
Thanks mate. That is so much appreciated.
@@CoinBureau please, could you do an update on this video?
That's great info indeed! But if you'll describe some lending Technics using different options/platforms, your subs would be very happy!
Thanks for all your efforts, and this tutorial video. You got yorself a new subscriber, greetings from Norway
Another great video.... Thanks sir
Thank you for sharing. Trying to catch up on learning.
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Loved this breakdown! Would love to see a video about platforms and lending options available in New York. Regulations make it hard to access!
Great info as per usual in an entertaining way. I really enjoy learning about crypto world from this channel. Many thanks for that.
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I decided to help and discuss the video from the social network. I am hoping that the popularity will rise
Guy produces the best crypto content out there. Major hats off!
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Love your content Guy, I've unsubscribed from all other channels, keep up the great work!
Can you make a top 5 on DEFI options please Guy?What about maker?
Got a video about TUSD stablecoin? I love your videos and ethics Guy, will buy your gear when it's on clearance. 😅😅 keep up the A+ work.
Another brilliant video. Thank you.
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If risk is your main worry, there is now DeFi insurance available. So your smart contract loan or lend may be insured. The platform is called NEXUS MUTUAL the ticker is MXN.. its a Mutual fund token that gives you DeFi insurance!!!! Please check it out. (it is going to moon when the word gets out also). Great Video!
Appreciate the info and time, brother
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Love your videos Guy. Thanks
Do you want to invest in bitcoin
I love the idea of putting some of my crypto on some of these platforms and buying more with the loan! A bit risky but hey what do traditional businesses do! Far more risky in my view! CHEERS GUY!
Amen to that brother and I ain't religious....
With Stablecoin interest (usdt, cusd, DAI, etc) the risk is low as you're essentially hoping fiat, but interest rates are 10-18%. Personally I invest in 'riskier' assets. I believe greater than 18% p/a off the growth of BTC(+6% interest), or upcoming coins like DOT, ADA and BNB is likely. Try a 70:30 portfolio to offset your risk :)
Thanks for the video its very informative I'll make a point to use your referral links
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impressive and helpful video
thanks for sharing your knowledge
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Thanks Guy. Great video of 5 picks. There are some countries putting breaks! No lending or borrowing beyond "their boundaries". How this can be overcome? Can you please comment on this please.
Great work, i ll try blockfi using your refaral
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Great info!
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Thanks guy.
Great job on reviewing crypto lending. Thanks
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Next is really nice, fast, and they have comparable rates, plus it’s easy to gain a percentage while also holding NEXO token. Very easy to use.
Next?
@@Orbsgeh nexo
Awesome job
what about the possible smart contract risk/bug with aave or any decentralized platform
I am using Celsius for more than 3 minths. So far so good👍🔥💰
I love cel and use it personally, however in America we can not access the loan functions and that is a big negative for me.
thank you, guy you are the best crypto guy
When are you going to cover rsr also known ad Reserve Rights?
Great video! Thank you for the content, I really appreciate it.
Do you want to invest in more bitcoin
Any news on the swissborg review guy?
I have been on 4 of those platforms (all CeFi ones), everything went really smooth so far 👍
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@@sandrapadilla5 yes please 👏
@@francescoperuzza5707 , you replied to a scammer impostor.
Guy I really love your content
Love your videos. When will you cover smartdefi, feg, gold ...?
I really appreciate your review video Sir. After 17:27 I think you should mention more Paradefi. It is really potential and real. Hope you will make a content about Paradefi soon. Have a nice day
. My first investment with expert hevron202 via IG gave me profit of over $24,000 US dollars and ever since then he has never failed to deliver and I can even says he's the most sincere broker I have....
Nice analysis king
its been 4 minutes. How did you even finish a 23 min, 4 mins after upload?
@@deepaktulsani9045 Put it at 8x speed ;)
@@Chuck_N0rris 🙌🤣
Thanks guy so much👍
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I cant consult my financial advisor right now because hes busy at golf and he has to attend a mascarade later that night
Ahhaa
In your dreams
I don’t want a loan, I want yield. Currently with BlockFi but will check out the others mentioned.
Have you ever been approached by RealVision for an interview? I think you would be a great addition to their crypto segment.
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Strange to include aave but not compound and other defi lending protocols. Thought you were going to have separate list for defi lending protocols
Great video, thank u🐷
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Great video. Balanced and clear like so many others. Thanks Guy.
But ref Celsius, they switched from BitGo custody with all its insurance cover to Fireblocks a couple of months back. Any pointers on whether Fireblocks is more secure/less secure than BitGo? And any deposit insurance with Fireblocks?
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awesome video
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Can you please,help me answer this question Guy? You make some of the best most simply explained videos on cryptocurrency I've found. I wanna know what the appeal of MakerDAO is now? I had the MKR token too & it tanked on me, I bought at $500 & it was down so low, so long, when it finally rallied with BTC pump I missed an opp to sell at $590 finally & just got sick of waiting & wanted BTC,so got out at $513 only to see it now hitting $569, go figure, I don't understand why? the Maker DAO system, since the controversial flash crash & liquidation, seems a waste of time. You make a whopping %0.00 interest if you save DAI, so what on Earth is the incentive to use the system? Compound Tanked on me too & I see not much more to interest anyone to using it either. I can make %4-%10 interest on saving Crypto & Stablecoins in NEXO & I thank you for your review on that & yes, I know it's custodial, but considering it's insured for up to $100M then why worry, it's a legit company with massive insurance, like FDIC & I can borrow a huge percentage if need be. So far it's the highest interest rate on most I've found,but I use www.Loanscan.io to find highest & I am signed up or signing up to others, I got www.Crypto.com app too etc. & I plan to stake there & I got Exodus Wallet & Monarch wallet about to setup & use. Why would anyone be interested in %0 on MakerDAO or compound (at least I see interest rates on compound,but not as high as I have with nexo, USDC for example is currently only Supply APY of %1.57, compared to my %8, who cares?) Can you do a video on this sort of comparison? Interest rates & playing the interest game is my new game & then loaning out if need be to buy other investments that increase.
Love the comedy 🎭
Do any of these have the NY Bit license?
Hello Guy, I have a question. While it's pretty clear that the risks associated with centralized lending platforms are related to not owning your keys, I don't understand what are the smart contracts risks associated with faulty coding in Aave. What is the risk if we stay owners of our crypto? Is it just loosing the rewards or is also the invested token stash at risk? If yes in what way?
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I've used Celsius and find it so easy to use and has great deposit interest rates for USDC and your first two BTC. The CEO does AMA each Friday on TH-cam and is very transparent. AAVE is pretty good too, but you have to be more technically inclined or willing to teach yourself some things. Mr. Guy on this video on the other hand, he's simply my favorite Crypto Brit on TH-cam. Actually, he might be my favorite Brit - period. Haha.
Admire your experience on these instruments
Could you make a new video about crypto lending? And talk about Cred Earn? And Uphold!
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I would LOVE an update on this video! i have some crypto becoming unlocked and have just dived into the Defi/decentrilized world via the safepal s1 wallet.... im currently 100% in centralized and am looking to DIVERSIFY with the bull right around the corner. thanks for all your videos
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Hi- awesome video but I have to take issue with your characterization of Celsius w/regard to where they offer loans. I've staked BTC on their platform for about 3 mons now but extremely frustrated with their lack of transparency with regard to where the can lend. I have resident in both the UK and USA and they've told me they *do not lend* to the UK (they use a non-interest bearing vehicle that's essentially a leade back of 100% of your coin), they've also told me they don't lend in California, New York nor Nevada. They have not and will not post a list of the countries where they do loan- where do you get that one for this video because its misleading. If one wants to find out where the do lend, you have to write to a special email address. I've challenged them on it before and they give criptic answers like, "It is not suspicious. It is due to regulatory reasons as we want to make sure it is not considered as solicitation."
So they're not as transparent as it seems to be they should be.
A user on rddit comments about Celsius, "
I'm with Nexo and am loving it!
"""Thank you hevron202 on ❗G for the bitcoin hacks, I was able to clear my bill"""
Hi Guy, I suppose getting a crypto loan is a much better alternative to your normal bank or payday loan considering your ltv staked could be appreciating to offset the interest you're paying, or have I got that wrong.
Thank you for your indepth analysis on all your videos you post. Much appreciated 🙏
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@guy I’m trying to understand the point of borrowing on a DEFI platform if your LTV of your collateral is only 50/60%? In addition to this you will need 100% collateral before you qualify to take out a “loan”. Currently CEFI is offering better terms. ( Using Nexo platform as an example)
Was gonna jump on to USDT lending but man the USD is really tanking these days. Maybe taking the slightly lower return on BTC is better
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You can earn interest on Chainlink on Nexo. nuff' said.
Thank you for the referral code for Celsius!
where?
How could I take my Nexo loan and buy more bitcoin? Would I take it and but through a different exchange?
Technically speaking I agree that AAVE is the best option as the crypto never goes out of your control and there is no security risk to your data. Normally your reviews are very comprehensive and they include all pros & cons. I am surprised how you missed out the fact that AAVE is completely useless for retail investors currently due to the crazy ETH processing fees. To deposit $50-$100 of DAI it will cost you $4-$5 in ETH fee. You will have to pay processing fee again when you withdraw your coins. This means a small investor can never make a profit from AAVE till the ETH gas fee stays high.
This is general problem with all applications built on ETH. Ethereum needs Quick layer2 solution and i think Ethereum will/can make it.
@@umerd.5906 Yeah. It is impacting all ETH based transactions even simple ones like sending ERC20 tokens from one wallet to another. Hopefully ETH 2.0 doesn't get further delayed.
I choose Celsius for a couple reasons; they have more coins at higher rates. All in all I'm yielding $500 a month in passive income! That's soon to go up as currently we are down about 50%. Potentially, when the market is back up, I could be yielding $1000 a month. Passive income is the best!
thanks
Cool, what do u think about xcoins?
Good
The guaranteed interest on these things just make them so attractive.. I wish there was a system where I could use it like a typical bank account, and they'd auto convert my money into a stable coin that earns interest until I spend it.
Then I could just direct deposit into it, use it like a bank without thinking too much and make some incredible interest rates that destroy all my "high yeild" 1%apy fiat accounts
@Coin Bureau Nobody is buying it man, please just stop pretending.
You can deposit your Fiat in Nexo. They even have their own credit card.
Peer to Peer Lending CANNOT BE against a collateral (in India, for fiat currency). If this is to be proposed for Crypto, then this collateral issue is to be sorted out? What are other options?
My pick for lending platform is Cream Finance! Really loving it and he answer lies within the core of Cream Finance’s Iron Bank, which is the integration of Cream Finance with the Yearn Finance ecosystem. Definitely worth checking it out ;)
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Hi Guy, thanks a lot for your enlightening videos and your huge research work! One question regarding the huge rise of Bitcoin right now: do you think this incredible increase of BTC value is a threat to the centralized lending platforms you mentioned here? My thoughts are: if these platforms are selling Bitcoin to pay out the lending amounts and the price sky-rockets before the loans are paid back, it would be very difficult for the sites to buy back Bitcoin and pay the interest to the investors! What do you think about that?
Yeah. And one certain thing about Bitcoin is that it can not come back to the amount it was. It can only stay in one place or go higher
Thank you
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@@sandrapadilla5 yes, who's not
you need to look into nexo more... apparently they had issues with a few of there loands getting liqudated and then ghosted the peoples who lost there collateral... there partner company is regulated and has insurance but nexo is not as its a different company
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Hey ! Swissborg and Maiar are DeFi platform ?
Thanks.
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Is it everywhere only posible to loan 1 year?? Thats just to short time, if I want to buy a car or a house
You guys ever check out youholder is it good?
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sorry newb here... would you say that the difference between an exchange and a lending platform is that you buy crypto from an exchange (Gemini Binance Kraken etc) like the stock exchange and a lending platform is like a bank? Please clarify I am just trying to sort it all out in my head using metaphors with applications I already understand lol
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Awesome vid guy! Celsius all the way. I’ve never heard of aave so I’ll check it out.
Cheers man! Yeah Celsius is the standard for centralised options. I am actually doing a complete video on Aave exclusively which should be out soon.
Wait so...
Let’s say I wanted to cash out of btc bcuz I think it hit top.
Let’s say I borrowed against 100$ worth of btc.
Would my collateral have to be twice the loan or the same price?
Let’s say btc were to tank 30% right after I took out the loan, would it cost me 30% less to unlock my collateral?
Also, does the interest rate slowly increase the value at which I have to pay back to unlock my loan; ex: 100$ down = 106$ end of year I would have to pay to unlock (assuming price of Btc remains the same)???
I'm researching this myself too and at this point I have serious concerns in regarding Nexo.
They are advertising as "Regulated Financial Institute" Yet apart from "Please rest assured that Nexo is compliant" they won't provide their regulatory body registration number (Cysec, FCA I mean here) even after few emails back and forth.They refuse to provide a simple Yes/No answer to my question "Can I lose my assets while parked at Nexo, earning interest"At one of the emails to generate credibility the guy wrote: "Nexo’s managing partner, Antoni Trenchev, is frequently invited by leading media outlets such as Bloomberg (link) and CNBC" - I simply replied with Bernie Madoff was on Bloomberg and SNBC all the time...
watch the free London Real (youtube channel & website) video with the the Nexo co-founder Antoni Trenchev, who explains how the Gov.Fin. Regulation authorities are dragging forever all the crypto platform permits. Majority of the permits are on temporary basis, re-issued every year - still a permit for crypto regulation, just would not be announced officially.
Is Celsius available to US residents, more specifically Floridians?
How about Cpool lending and borrowing? Next month mainnet will be up
Thanks for sharing! 🤝 Crypto.com is not yet available in my states at the moment. Infuriating! 🙄 Even Webull Crypto is not available. 😒 Nexo is a promising crypto lending platform, but I'll keep following it.
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What happens when the value of your crypto your lending decreases?
What percentage do the company take from the interest before you receive your interest??
And the company would have already removed their profit from it before you have yours !!
Guy, I did my research on Nexo. It appears that Nexo was the real company behind the fake Zeus Capital that published that damaging report on LINK :(
Very good presentation! I would also like you to tell us your opinion about Youhodler. You did not include it in your presentation.
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I don't think you mentioned that Nexo pays back NEXO holders 30% of their profits. Great video. Thanks.
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apparently you can not open an interest account on blockfi if you reside in new york.
Yeah I'm in New York. Our government is made up of complete scumbags.
Cel token is being listed on Bitfinex in august and celsius will manage bitfinex aum ... ;) also just finished a 30 mn equity round
🔥🔥🔥©️
Is that you John? 😂
I was deep in CEL but now I’m even deeper since the token 8x’d since March 12. ALEX Mashinsky, the CEO and co-founder was also the creator of VOIP which gives free voice calls to billions of users. Celsius is his 8th startup who’s mission it is to unbank people from the traditional banks who literally steal from you, by keeping all the interest for themselves and their shareholders. Celsius on the other hand gives depositors 80% of what they earn back to the community as interest! No one else in the industry comes even close to what Celsius is doing
@@Wyatt333 The CEO and founder has a solid track record. The project has delivered on all of it's promises and it continues to expand and grow. What makes you think it's not going to succeed?
@@Wyatt333 Yaahh well you sold at 1400 sats bro, just move on lol Celsius is beating all the competition and this while same time getting all licenses required unlike others in the space
Is there a good one for ADA? I dont really see any yet unless you have 100k ADA
Coinloan 👍
Great vid! I think it’s worth pointing out many users are still unable to earn in CEL tokens, and there is no desktop platform (only phone app). I would be using the platform otherwise.
Just the video I needed at the right time
I wanna try NEXO but how much is minimum deposit for crypto like Bitcoin?
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BlockFi has added PAXG. And Tether for people outside the USA.
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What do you think of DAM defi token? Super early with small cap. Would like your input.
funny thing, i watched the video today, blockfi filled for bankrupcy, not going with centralized platforms anytime soon
Can you review Ledn.io please?
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I’d love to see a video on tokensets!
Yeah gas fees hold me back to try it and it's not without risk either. Would love to use it tho..