Wait! Send a $0.01 microtip in crypto to the author, Here are the pros and cons of each service. Celsius Network – A team that strive to give back to the community puts Celsius ahead, … They have partnered with a 3rd party exchange for trading, but it looks like the fees are really high. 1) Nexo- I like Nexo’s interface and it’s very easy to onboard and use their mobile app. For a while now I've been putting my idle crypto into Nexo. I also like that you get paid interest daily. 1. You can check out Celsius’s promotions here — if Nexo … Celsius easily wins this category as Nexo doesn’t offer any sign-up bonus or run any promotions for new-users at all — Meanwhile Celsius always has multiple promotions running that generally offer between $50 and $250~ in bonuses for new-users. Best of luck protecting your money! Rep. Warran Davidson: You have to Defend Money to Defend Freedom. Nexo has much greater support for varying cryptocurrencies than BlockFi. I have been into with various Crypto Lending platforms for awhile now and thought i’d share some of my thoughts and experiences on each. BlockFi. Celsius vs. Nexo vs. BlockFi vs. Salt. Get FREE CRYPTO Just for Tipping this Article. 2 minute read, 10 hours ago No fees but you can only withdraw 1 crypto and 1 fiat in one month for free. With Nexo you can earn interest on … Privacy Policy A starting point to anyone who is entering the cryptocurrency world. I also like that they are based in San Francisco, and seem the most legitimate. Can be accessed through mobile app and website: https://blockfi.com/?ref=ea5a40f9. BlockFi vs. Nexo. Celcius, Nexo, and Compound Finance are three platforms for users to lend and borrow cryptocurrency. Celsius also offers a referral bonus for new users if you use the referral code: 125930ba06 and deposit $200. BlockFi, Compound, Nexo, and Celsius Network are four of the most popular crypto interest and lending platforms. Lending crypto assets is one of the less risky and moderately rewarding any crypto guy may consider if he is into hodling for the long term. Earn Interest on CeFi: BlockFi vs Celsius vs Nexo [Week 8 - January 11, 2021] Get link; Facebook; Twitter; Pinterest; Email; Other Apps; January 11, 2021 I like the ease of depositing and withdrawing from Nexo, but am a bit concerned of where they are based. Keep in mind that this is just my experience and not any sort of advice or recommendation to use any of these services. You know if you buy fiat via credit or debit cards, the fees sometimes are high, you could have saved that amount if you transfer LTC to Blockfi then trade it with fiat then withdraw your fiat to anywhere you want. You don’t need to purchase any token and the current rate on stablecoins is 8.6% per year, again blowing away my high interest online savings account. Mordy. I spread my money in all 3 services and so far am happy. Can be accessed through mobile app and website: Has lesser offer of assets availability than Celsius but more than Blockfi (, Stable coins are fixed at 10% APY interest rate (, No fees at all (tested and proven) Has some minimum in withdrawal (very low). (, Assets earn interest on a daily basis (best of three platforms, more compounding effects). Our comprehensive Celsius Network vs Nexo comparison looks at their interest rates, usability, security, reputation and fees. They offer the largest portfolio of the three as far as which cryptocurrencies you can earn interest on. 3 minute read, 19 hours ago I decided to convert my Fiat into USDC on coinbase and try all 3 services. Celsius Network is way ahead in terms of its vision and implementation when compared to its peers like Salt, BlockFi, and Nexo Lending. While Nexo is one of the best alternatives to BlockFi, the two differ by the interest rates they offer. BlockFi tends to have higher rates on their interest-bearing account than Nexo. I would suggest to keep your BTC and ETH on Celsius for it has the most competitive rates of three. With BlockFi, you can use cryptocurrency to earn interest at up to 8.6% APY, borrow cash, and trade currencies. Celsius Network has a slight edge in beginner friendliness during the initial loan application process, which can take as little as 60 seconds. My experience with BlockFi, Nexo, and Celsius Network- the pros and cons of lending stablecoins on each. By cryptarter | Overall, I have the most confidence in BlockFi. They pay interest once per week and it’s taken one day for my funds to be moved out of Celsius. User … The only thing I want with blockfi is I am able to convert my crytpo (BTC, LTC, ETH) to fiat and transfer it to Celsius or Nexo with lesser fee. BlockFi vs Celsius vs Hodlnaut | Interest Rates, Fee, Security and Risks; Hodlnaut Review – Best way to Hodl is to earn interest on your Bitcoin; ... Nexo. I have held (and lost money) in cryptocurrencies since 2017 and didn’t feel like risking money in Bitcoin or any of the other altcoins as my goal is to gain a yield that exceeds my banks measly <1%, but keeps my risk within reason. On the other hand, if you are looking to … Has native token too Nexo that got its boost since the launch of Nexonomics: a series of upgrades on token utility and platform features, more info here: https://nexo.io/nexonomics, Nexo token is used on the platform to get higher interest on assets being lent (+2% APY) and lower loan interest for borrowed assets, Nexo Token does not earn interest but gets you a dividend. and Terms of Service apply. Some of these are Decentralised Finance (DeFi) platforms while others are not. … I mistakenly bought the token and am now down all my future interest in paper losses on the token (down around 50% in 2 months). Currently, Celsius offers the best interest rate on Stablecoins at 11.6% per year! Can Crypto Mining Be Profitable in Today’s World? In this video I run over three of the main crypto interest account providers, namely BlockFi, Celsius Network and Crypto.com. Those rates are competitive with the maximum interest rates offered by sites like BlockFi (8.6%), Celsius (12%), Crypto.com (12%), and Nexo … 2 minute read. BlockFi vs Ceslius Network. Additionally, if you want the max interest on your coins (currently 10% per year on stablecoins), you need to hold the Nexo token. As one of the largest crypto lending institutions globally, Nexo … Has lesser offer of assets availability than Celsius but more than Blockfi (Interest rates for alts are fixed at 6% pay +2% if you choose to earn interest in form of Nexo) Stable coins are fixed at … Try Celsus Network Now #3. | BlockFi's interest rates and portfolio of supported assets is just not good enough to be able to compete effectively with others, so that leaves us with Nexo and Celsius to battle it out. … They have also added a feature where you can deposit via ACH that cuts down on the need to transfer your crypto if you don’t feel comfortable with it. I opted to earn in Bitcoin. We break down every element of the service, so that you can make an … I would say that Celsius and Nexo are tied. If you are already a registered user use the code DNS and get $25 for your next $200 asset transfer. Anyone who's not feeling confident about a business will immediately slow down hiring. Cryptocurrencies typically accepted will be Bitcoin, Ether or even Stable Coins. Register now at Publish0x to claim your $$$. BlockFi vs Nexo: The Comparison Bitcoin and Other Cryptocurrencies. This article will focus more on the investors' side, not on borrowers' perspective... so let's rock! When comparing Celsius Network vs BlockFi, it is clear that this cryptocurrency lending platform also offers an interest-earning scheme similar to Celsius. BlockFi is one of the pioneer companies to raise institutional funding for their Bitcoin backed loan start-up. In this article, I would like to discuss the major takeaways of three market leaders in crypto lending services. Even though Nexo has very generous interest rates I didn’t feel as safe compared to Celsius, BlockFi and Crypto.com. But I think Nexo has Celsius beat when you factor in the rest of the assets you can earn on( only comparing here on what both offer users the ability to earn on). I decided to research and try out Nexo, BlockFi, and Celsius. We have something special to offer! Until now, Blockchain.com offered 4.5% interest per year on Bitcoin and 7% interest on stablecoins such as USDT and PAX. https://celsiusnetwork.app.link/1050879254, https://nexo.io/nexo-card?referral=2siqAor&refSource=copy, Why I'm Buying as Much Bitcoin as Possible Before FEBRUARY 3RD, Has native token Celsius (Cel) which has been skyrocketing with BTC since September 2020 ( from $0.4 to $2 [very impressive]), Cel token is used on the platform to get higher interest on assets being lent and lower loan interest for borrowed assets, Assets earn interest on a weekly basis including cel token. Currently, the highest interest rate BlockFi offers you on your interest account is 8.6% while Nexo’s maximum rate is 8%… How Cryptocurrency Tax Regulation Promotes Economic Growth. 3) Celsius- I like Celsius’s interface as well. Our comprehensive BlockFi vs Celsius Network comparison looks at their interest rates, usability, security, reputation and fees. It’s not just our … They do offer crypto trading in the app which is a nice feature since you don’t have to transfer funds. Nexo has 15-42% growth rate in terms of employees. Best insurance on assets of the three platforms according to my research. BlockFi … Ethereum ERCs — What Are They and Which Should You Know. #UnbankYourself. My experience with BlockFi, Nexo, and Celsius Network- the pros and cons of lending stablecoins on each. Are you leaving? Celsius is also based in the US which is a positive in my book. Now, it has increased those interest rates to 6% and 12%, respectively. Celsius already … 2) BlockFi- I like Blockfi’s mobile app interface as well. Celsius DEFINITELY wins out in this category — at least for now. Now, let’s take a look at 5 platforms that can be used as alternatives to Nexo. As a result of the Fed’s monetary policy and endless fiat printing, I realized that this money would be losing its value daily. We break down every element of the service, so that you can make an informed … I like that you can withdraw your crypto from Nexo quickly (usually within an hour in my experience). Can be used only through mobile app. Website : Has more assets offering than Nexo and Blockfi see the list, Stable coin savings interest rate is highest of 3 platforms (if you choose to earn interest in form of cel), Lower int rates on altcoins that are offered on Nexo like, Join Celsius Network using my referral code 1050879254 when signing up and earn $20 in BTC with your first transfer of $200 or more! 16 hours ago At Celsius, you can expect annual rates from 5% to 12% depending upon your collateral and can get loans up to tenure of 1 year at an LTV of up to 50%. You can be paid more if you get paid in Celsius’s native token, but they don’t offer that option in my country. They don’t have an exchange so if you are looking to trade, you’re going to have to do it elsewhere. My timing on the Nexo token wasn’t the best, but it could have worked the opposite direction if it went up and still has the opportunity to go up as it offers true utility unlike many other popular cryptos. I also like that you can earn your interest in crypto. You may keep your other alts on celsius or nexo depending on the interest rate, in my case my XLM and XRP are on Nexo. Unlike BlockFi, Nexo is not a trading platform and you can’t purchase any cryptocurrencies through the platform. I noticed that celsius had very low growth, whereas BlockFi and Nexo were growing like crazy. I’m concerned about their location being vague, but their customer service has been responsive when I reached out to them. I haven’t withdrawn any funds from BlockFi, but I believe it takes one day. If you don’t know what Crypto Lending is about it is essentially a place where you can lend out your Cryptocurrency and earn interest. Perhaps the most attractive feature of BlockFi is that it offers crypto interest accounts that let you earn interest on your BTC, ETH or GUSD holdings. Earning Yield on Crypto/Digital Assets: BlockFi VS Celsius Network. There is a small fee involved, but I like that it gives me some exposure to Bitcoin and it’s also dollar cost averaging since it’s being purchased continually each month. Cryptos for Newbies Earlier this year, my high interest online savings account became a disappointment earning less than 1% interest. IRS Tax Letters Mean Cryptocurrency is Getting the Attention it Deserves, Opportunity On Augur: 7 Examples Of Market Inefficiency, Top 5 Strategies For Maximizing Your Profits With Cryptocurrencies. At BlockFi … They’re offering 4% on BTC, ETH, LTC, BCH, and XRP — XRP being the only coin where they have a slight edge … Earlier this year, my high interest online … So basically these 3 platforms have different features that we may use to maximize the return we get on our assets. Currently, the only true cryptocurrencies that are available on the BlockFi platform are Bitcoin, Litecoin, and Ether. To make crypto … Nexo vs. BlockFi vs. Celsius Network. BlockFi. I’m not too excited about being completely in the stock market for multiple reasons so I decided to see look more into cryptocurrency lending options. Something to keep in mind if you think you will need to access your funds. Succeeding withdrawals within the month will be charged. While BlockFi has a great $20 or so in most cases for a simple $500 deposit (learn more here), Celsius offers $40+ just for depositing $200 … It only takes 15 seconds and it's free. I’m not sure how long these generous payouts will last. Nexo no longer follows close behind Celsius since their rate adjustments. No hidden fees, no minimum balances, and no reason to wait. Not to say that the token’s value won’t come back, but I’m disappointed in myself for taking a large risk for an extra 2% on my money. But if you're more ambitious then you'll start hiring in order to increase your companies' growth. Just remember to use this feature wisely for 1 fiat withdrawal only is free within a month :). If you are interested in trying out BlockFi, please use my affiliate link, https://blockfi.com/?ref=f6357635, and we will both receive a bonus if you fund your account with over $100. and earn yourself as you read! 18 Nov 2020. What sets BlockFi apart from the other three are the competitive interest rates, the … It’s totally worth keeping enough Nexo … Can’t speak to Blockfi since I haven’t tried them. This site is protected by reCAPTCHA and the Google Get Started.