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Home Platforms Hodlnaut vs YouHodler

Compare Hodlnaut vs YouHodler

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Definda Score™

The Definda Score is an impartial, objective analysis of platform features.
Staking Yields
5
Loan Rates
2
Established
3
Reviews
8
Risk Management
1
Withdrawals
1
Coverage
2
Support
6
Staking Yields
8
Loan Rates
2
Established
2
Reviews
9
Risk Management
8
Withdrawals
9
Coverage
3
Support
8
Staking Yields
5.3
Staking Yields
8.4
Loan Rates
2
Loan Rates
2
Established
2.7
Established
2.3
Reviews
7.8
Reviews
8.9
Risk Management
1
Risk Management
8
Withdrawals
1
Withdrawals
9
Coverage
2.2
Coverage
3.4
Support
6
Support
8

Pros & Cons

tick Very simple easy to understand interface
tick Interest accrued daily and paid out weekly
tick Enhanced interest rates available for big depositors (over 100 BTC)
tick Excellent reviews
tick Regulated in Singapore
tick Option to insure your deposits
tick More reviews than YouHodler (284 vs 164 reviews)
tick Higher rating on Trustpilot than YouHodler (4.5 vs 4.3 stars)
tick Offers corporate accounts but YouHodler doesn't
tick Very high LTV up to 90% available on loans
tick Innovative Multi-HODL product allows market speculation with savings funds
tick Turbocharge allows highly leveraged speculation on crypto assets with multiple loans on one deposit of collateral
tick You can use NFTs as collateral
tick Higher average review rating than Hodlnaut, but based on fewer reviews (87% vs 76%)
tick Higher rating for android phone app than Hodlnaut (3.8 vs 3.7 stars)
tick Been in business longer than Hodlnaut (Founded 2017 vs 2019)
tick Quicker time to withdraw crypto than than Hodlnaut (Under 1 hour vs over 1 hour)
tick Fiat exchange available on YouHodler but not on Hodlnaut
tick Instantly buy crypto with fiat on YouHodler but not on Hodlnaut
tick Has a lower level of insurance than Hodlnaut
tick Has 24/7 support but Hodlnaut doesn't
tick Invests in DeFi products but Hodlnaut doesn't
tick Interface supports French, Korean, Japanese, Turkish, Polish, Spanish, Simplified Chinese, Russian, German and Italian whereas Hodlnaut doesn't
Staking Rates
tick Hodlnaut will pay interest on Wrapped Bitcoin (WBTC) crypto currency deposits whereas YouHodler does not
cross Limited number of coins supported
cross Loans not available for regular users.
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users
cross Not available in USA
cross High loan interest rates
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users
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Withdrawals

Withdrawal Time
1 hour
Withdrawal Time
Less than 1 hour
Withdrawal Score
1
Withdrawal Score
9
Withdrawals Experience

ON 8 AUGUST 2022, HODLNAUT FROZE ALL DEPOSITS AND WITHDRAWALS. Hodlnaut should be avoid until this situation is resolved.

Withdrawals Experience

In order to be eligible to make withdrawals you need to have completed the platform Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

The minimum withdrawal amount for cryptocurrencies is 5 USD and for stablecoins is 50 USD. Most crypto withdrawals do not attract fees, but this does vary by currency.

In our experience withdrawals are very fast, and appear to be automatically processed as soon as the request is made.

Many customer reviews mention how smooth the withdrawal process is.

There is no record of YouHodler ever having frozen withdrawals.

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Risk

Risk Management Score
1
Risk Management Score
8
Risk Management

Hodlnaut make strong claims about sensible risk management policies they have adopted, including being very selective about who they lend to. They even state that should an unrecoverable loss occur, then investors will be reimbursed out of shareholder equity. They also engaged Crowe Singapore to audit and attest that Hodlnaut holds the tokens that it says it does, although the last audit that we could find was carried out in May 2021.

Unfortunately, it has since transpired that risk management was not as robust as they claimed it to be. In August 2022, liquidity issues forced the platform halt all withdrawals and deposits. We have to hope that the platform is able to successfully restructure.

Risk Management

YouHodler offers two factor authentication on accounts to increase security against unauthorised access.

Fiat deposits are stored with reputable banks and crypto deposits are stored with Ledger Vault and covered by $150m insurance.

YouHodler is unique in its approach to yield generation. Unlike most other platforms, YouHodler does not lend funds outside of the platform. YouHodler does not invest funds into liquidity pools, DeFi protocols or other high-risk strategies. All yield is generated within the YouHodler platform through interest on loans taken out on the platform and fees charged by the platform.

We were unable to find any independent proof of reserves for YouHodler. Such proof would normally be undertaken by an independent accountant and would verify that the platform holds assets of greater value than customer liabilities (deposits). We hope YouHodler will look to introduce this in the future as it provides significant reassurance that the platform holds sufficient funds to repay all customer deposits if required.

YouHodler does provide a page of interesting stats about the platform. These stats include a chart which compares YouHodler's revenue against interest payments. The chart shows that revenue exceeds interest payments, although in some quarters the revenue has only marginally been higher than interest payments. Nonetheless, the chart provides some reassurance over the liquidity of the YouHodler platform.

YouHodler engages external security consultants to audit the security of the YouHodler platform.

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Reviews

76% based on 284 reviews
87% based on 164 reviews
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Staking Rates

The table below compares the staking rates for Hodlnaut and YouHodler.
Stable Coins
DAI Dai
3.56% - 5.75%
3.56% - 5.75%
USDC USDC
5.25% - 7%
5.25% - 7%
5.25% - 7%
5.25% - 7%
Crypto Currencies
BTC Bitcoin
2.25% - 4%
2.25% - 4%
ETH Ethereum
2.5% - 4.5%
2.5% - 4.5%
PAXG PAX Gold
1% - 1.2%
1% - 1.2%
2.45% - 4%
2.45% - 4%
Loading rates ...
Stable Coins
BUSD BUSD
8%
8%
DAI Dai
8%
8%
8%
8%
HUSD HUSD
8%
8%
TUSD TrueUSD
8%
8%
USDC USDC
8%
8%
USDP Pax Dollar
8%
8%
8%
8%
Crypto Currencies
4%
4%
AAVE Aave
6%
6%
ADA Cardano
6%
6%
APE ApeCoin
30%
30%
ATOM Cosmos
3%
3%
AVAX Avalanche
9.5%
9.5%
25%
25%
3%
3%
5.5%
5.5%
BNB BNB
3%
3%
BNT Bancor
3%
3%
4.5%
4.5%
BTC Bitcoin
3%
3%
1.5%
1.5%
7%
7%
COMP Compound
2.5%
2.5%
DASH Dash
5.5%
5.5%
DOGE Dogecoin
3%
3%
DOT Polkadot
9%
9%
EGLD MultiversX
5.5%
5.5%
EOS EOS
5%
5%
ETH Ethereum
4%
4%
FIL Filecoin
3.5%
3.5%
FTM Fantom
4%
4%
FTT FTX Token
4%
4%
GALA Gala
3%
3%
GMT GMT
20%
20%
3%
3%
ILV Illuvium
3%
3%
LINK Chainlink
3.7%
3.7%
LTC Litecoin
5.5%
5.5%
4%
4%
3%
3%
MKR Maker
2.5%
2.5%
7%
7%
3%
3%
PAXG PAX Gold
3%
3%
REP Augur
2.5%
2.5%
3%
3%
SNX Synthetix
6%
6%
SOL Solana
8%
8%
SRM Serum
3%
3%
SUSHI SushiSwap
7%
7%
TRX TRON
7%
7%
UNI Uniswap
7%
7%
XLM Stellar
4.5%
4.5%
XRP XRP
4%
4%
XTZ Tezos
4%
4%
4.5%
4.5%
ZIL Zilliqa
5.5%
5.5%
4.5%
4.5%
Loading rates ...
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Company

Legal name
Hodlnaut Pte. Ltd
Legal name
Youhodler SA
Year founded
2019
Year founded
2017
Country incorporated in
206
Country incorporated in
222
Headquarters country
206
Headquarters country
222
Decentralised
cross No
Decentralised
cross No
Number of employees
11-50
Number of employees
11-50
Number of users
10,000
Number of users
Total assets under management
$500,000,000USD
Total assets under management
Withdrawal time in hours
1hours
Withdrawal time in hours
0
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Products

Savings accounts
tick Yes
Savings accounts
tick Yes
Loans
tick Yes
Loans
tick Yes
Crypto to crypto exchange
tick Yes
Crypto to crypto exchange
tick Yes
Fiat to crypto exchange
cross No
Fiat to crypto exchange
tick Yes
Pro exchange marketplace
cross No
Pro exchange marketplace
cross No
Peer to peer exchange
cross No
Peer to peer exchange
cross No
Margin trading
Margin trading
tick Yes
Corporate accounts
tick Yes
Corporate accounts
cross No
Instantly buy crypto with fiat
cross No
Instantly buy crypto with fiat
tick Yes
Integrated crypto wallet
tick Yes
Integrated crypto wallet
tick Yes
Crypto withdrawals to private wallet
tick Yes
Crypto withdrawals to private wallet
tick Yes
Fast account verification
tick Yes
Fast account verification
tick Yes
Futures exchange
Futures exchange
cross No
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Security

Insurance level
$44,000,000USD
Insurance level
$150,000,000USD
Cold storage
tick Yes
Cold storage
tick Yes
Cold storage custodian
BitGo, Fireblocks
Cold storage custodian
Ledger Vault
Crypto security standard
Crypto security standard
Yes - Level of compliance not clear
Two factor authentication
tick Yes
Two factor authentication
tick Yes
Loan over collateralisation percent
Loan over collateralisation percent
100%+
Credit check
cross No
Credit check
cross No
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Support

24/7 support
cross No
24/7 support
tick Yes
Email support
tick Yes
Email support
tick Yes
Phone support
cross No
Phone support
cross No
Chat support
tick Yes
Chat support
tick Yes
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Fees

Exchange fees
0% exchange fees
Exchange fees
0% exchange fees
Fiat deposit fee
Fiat deposits not accepted
Fiat deposit fee
Free, except USD SWIFT (25 USD fee per deposit) and EUR SWIFT (25 EUR fee per deposit)
Fiat withdrawal fee
Fiat withdrawls not accepted
Fiat withdrawal fee
USD (SWIFT) - 5% (min 70 USD), EUR (SEPA) - 5 EUR, EUR (SWIFT) - 55 EUR, GBP/CHF - 0.15% (55 GBP / 55 CHF min)
Crypto deposit fee
tick Free
Crypto deposit fee
tick Free
Withdrawal process
On 8 August 2022 Hodlnaut froze all withdrawals.
Withdrawal process
Provided you have completed the KYC and AML checks, withdrawals are very fast and smooth. Withdrawal requests are often processed within seconds of the request being made. User reviews repeatedly mention that they are impressed with the withdrawal process.
Withdrawal time
1 hours
Withdrawal time
0
Crypto withdrawal fee
1 free crypto withdrawl per month, Bitcoin 0.0004BTC, DAI 10 DAI, Ethereum 0.0036 ETH, USD Coin 10 USDC, Tether 10 USDT
Crypto withdrawal fee
Free except BAT (10 BAT), REP (0.2 REP), LINK (0.43 LINK), XRP (0.5 XRP), PAXG (0.002 PAXG), UNI (1 UNI), COMP (0.04 COMP ), MKR (0.01 MKR), ETH (0.003 ETH)
Crypto wallet withdrawal limit
100BTC per day
Crypto wallet withdrawal limit
Savings crypto account withdrawal limit
100 BTC per 24 hours
Savings crypto account withdrawal limit
Min withdrawl 10-50 USD in crypto equivalent
Savings fiat account withdrawal limit
Savings fiat account withdrawal limit
Min withdrawl by bank card - 2 USD / 2 EUR, by bank wire - 500 for USD; 50 for EUR; 500 for CHF and GBP
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Investment Strategy

Liquidity pools
Liquidity pools
cross No
DeFi products
tick Yes
DeFi products
cross No
Unsecured loans
Unsecured loans
cross No
Independent proof of reserves
cross No
Independent proof of reserves
cross No
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Registrations & Regulation

Know your customer
tick Yes
Know your customer
tick Yes
Regulators
Hodlnaut is in the process of applying for approval under the Payment Services Act in Singapore
Regulators
Singapore Fintech Association
tick Yes
Singapore Fintech Association
Payment Services Act 2020
tick Yes
Payment Services Act 2020
Major Payment Institution License - Monetary Authority of Singapore (MAS) under the Payment Services
tick Yes
Major Payment Institution License - Monetary Authority of Singapore (MAS) under the Payment Services
PCI DSS v3.2.1 Level 1
PCI DSS v3.2.1 Level 1
tick Yes
CryptoCurrency Security Standard (CCSS)
CryptoCurrency Security Standard (CCSS)
tick Yes
Cryptovalley Switzerland
Cryptovalley Switzerland
tick Yes
Blockchain Association
Blockchain Association
tick Yes
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Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

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