In the FinTech world, Nexo (read review) and YouHodler (read review) are regarded as two of the best crypto exchange platforms. These two enjoy quite a competitive skirmish, offering a selection of fiat and crypto financial services in the process.
However, the one thing that launched both platforms to international fame is their interest earning feature.
Crypto investors and otherwise general crypto enthusiasts are always looking for additional ways to store their crypto and earn a secondary income on top of it. For this reason, the need to find the best exchange platform is ever greater, and these two platforms offer arguably the best rates around with the addition of other useful tools and features.
But how do you separate the two and decide which one suits your needs?
Our thorough analysis will give you insight into each company to see which one is actually the best, so you can easily make your choice and start earning a passive income.
Nexo vs YouHodler: Interest Rate Comparison
Header |  |  |
|---|---|---|
 BTC | 4% APY | 4.8% APR (First 0.1 BTC) |
 ETH | 4% APY | 5.5% APR (First 1.5 ETH) |
 USDT | 8% APY | 12.3% APR (First 20,000 USDT) |
 USDC | 8% APY | 12% APR (First 20,000 USDC) |
 DAI | 8% APY | 12% APR (First 20,000 DAI) |
Cell |
Header | | |
|---|---|---|
BTC | 4% APY | 4.8% APR (First 0.1 BTC) |
ETH | 4% APY | 5.5% APR (First 1.5 ETH) |
USDT | 8% APY | 12.3% APR (First 20,000 USDT) |
USDC | 8% APY | 12% APR (First 20,000 USDC) |
DAI | 8% APY | 12% APR (First 20,000 DAI) |
Cell |
Nexo vs YouHodler: Comparison Table
Cell | | |
Nunber of Coins | 27 | 57 |
Minimum Deposit | None | $100 |
Withdraw Fee | 1 to 5 free withdrawals per month - loyalty dependable | $5 to $50 varying fee per withdrawal |
Pros | - High interest earning rates available - Loyalty program awards members even higher rates - Fiat interest accounts | - Instant conversion rates for fiat and crypto currencies - Impeccable security protocols and standards in place - No hidden fees |
Cons | - Native token quite expensive - No interest earning in USA - Best rates available to loyalty members only | - Loan fees are rather high - Platform is unavailable to use in the US and China |
Website |
Nexo vs YouHodler: Comparison Table
Enter your text here... | | |
Number of Coins | 27 | 57 |
Minimum Deposit | None | $100 |
Withdraw Fee | 1 to 5 free withdrawals per month - loyalty dependable | $5 to $50 varying fee per withdrawal |
Pros | - High interest earning rates available -Loyalty program awards members even higher rates - Fiat interest accounts | - Instant conversion rates for fiat and crypto currencies - Impeccable security protocols and standards in place - No hidden fees |
Cons | - Native token quite expensive - No interest earning in USA - Best rates available to loyalty members only | - Loan fees are rather high - Platform is unavailable to use in the US and China |
Website |
- Fantastic insurance policy for its users
- Loyalty members receive the highest rates
- Fiat interest accounts
- Native token is difficult to trade with and is quite expensive
- No interest earning option in the USA
- Instant conversion available for fiat and crypto currencies
- Based and regulated in Europe
- No minimum deposits and no hidden fees
- 24/7 customer support available
- US and Chinese residents can’t trade on this platform
- No credit card available to use
Nexo vs YouHodler Features
Nexo offers some pretty good core features, such as crypto backed loans. Namely, users can borrow up to $2 million without any credit checks and with an instant approval.
Furthermore, users can make use of the interest accounts Nexo has set up, with options to earn up to 8% APR on cryptocurrencies as well as 12% on stablecoins. However, do note that the best rates are reserved for those users who have purchased the native NEXO tokens.
Having a NEXO token in your account will give you access to its loyalty program, which includes cashback opportunities of up to 0.5%, 50% higher yields, up to 5 free withdrawals per month, and 0% APR rates for borrowing. Additionally, if you own a Nexo card, you can also increase your cashback earning potential by up to 2%.
The exchange offers easy access and instant trading options for all supporting currencies on the Nexo platform.
YouHodler, though, offers similar features to Nexo with the addition of some really cool ones too. Namely, crypto backed loans are also available on this platform, allowing users to get up to 90% of the loan value. You can withdraw your funds instantly and receive bank wires as well.
Next, we have the interest savings accounts allowing you to earn up to 12.03% on stablecoins and 6.8% of the most popular cryptocurrencies. Just like Nexo, you can benefit from compounded interest but with weekly payouts as opposed to Nexo’s daily payout option.
What makes YouHodler special, though, is the Multi HODL feature enabling users to capitalise fully. This tool will enable you to set a maximum allowed loss and give you the ability to multiply your crypto up to 50 times.
Additionally, the platform offers Turbocharge loans, which means you can borrow more crypto to supercharge your earnings by using your current assets.
Nexo vs YouHodler Fees
Nexo employs a loyalty program, and you can benefit from a wide range of useful assets. You can receive the best rates possible when you move higher up in the loyalty system, but this will also depend on whether or not you are a holder of Nexo’s native token.
Additionally, you can receive from 1 to 5 free withdrawals per month, depending on the loyalty level, with interest being compounded daily.
Even though the platform states there are no hidden fees or additional charges, there’s actually not enough transparency to fully view this data as Nexo’s fees change over time.
Contrastingly, YouHodler has a different fee structure compared to its competitor. Unlike Nexo, YouHodler requires a minimum of $100 to be deposited before you can start earning interest on your crypto, and the withdrawal limit may depend on the method of payment.
Each supported cryptocurrency has its own fee, and if you want to bank wire a transfer, you’ll be charged 5% for the transaction.
The platform’s loan fees vary between 1% and 1.5%, depending on which feature you choose to operate with.
Winner - YouHodler
Not enough transparency in terms of fees on Nexo’s side is a big factor, and coupled with the fact that YouHodler charges far less, has fewer limits, and no obligations on a native token for a loyalty system, makes us choose YouHodler as the winner here.
Number of Supported Cryptocurrencies
Both platforms offer a decent amount of cryptocurrencies to trade with, as Nexo supports 27 while YouHodler offers support for 57 crypto coins.
What’s good about these two platforms is that both employ the most popular coins, including Bitcoin, Ethereum, Doge, BAT, and others.
Winner - YouHodler
YouHodler wins this battle as it supports 30 more cryptocurrencies than Nexo, giving its users a wide selection of choices they would like to have when conducting trades or investments.
Nexo vs YouHodler Security
Both Nexo and YouHodler follow the industry’s best practices in security checks, access rights, data encryption, and data protection. Moreover, they also employ Ledger Vault’s industry leading infrastructure to ensure a secure control of all crypto assets.
Individually, though, Nexo offers a standard two-factor authentication (2FA), with BitGo being the third-party custodian. The platform is also certified with SOC2 Type 2, in addition to having withdrawal confirmation and login alert options, a banking type storage system, and a staggering $775 million insurance package.
YouHodler, on the other hand, employs a 3FA with a multi-authorization solution and adheres to all Cryptocurrency Security Standards (CCSS). Additionally, the platform regularly conducts external security audits.
It also runs on a secure SSL protocol with IP whitelisting options and is backed up by a $150 million insurance package.
Winner - Nexo
While both platforms employ state-of-the-art safety protocols, Nexo’s security standards are better established, with a much larger insurance package available.
Verdict - YouHodler
When it comes down to deciding between these two platforms, it will all depend on your financial priorities. Just like with traditional investments, your strategy will determine and dictate which platform you would choose.
Having said that, Nexo packs quite a punch in terms of numerous benefits like its native NEXO token. So, if you’re looking for flexibility with your investments, then Nexo is the right choice.
On the other side of the spectrum, we have YouHodler - a platform that offers more return on investment. Therefore, if you’re looking to maximise your revenue, YouHodler’s higher rates of interest, as well as Turbocharge and Multi HODL tools, are surely the way to go. Keep in mind that YouHodler is not available in the USA.
Both platforms have been around for only a handful of years, so you can definitely expect new innovative ways and features in the years to come.
Ultimately, the choice comes down to your goals, both in the short and long run.
Overall Winner - YouHodler
Even if both of these platforms have great features, very similar fees, and the best security, YouHodler slightly wins overall because of Turbocharge and Multi HODL tools. If you're outside of the US and China, you don't have to think twice.
Frequently Asked Questions
Short answer? Yes. Nexo is trustworthy and legitimate platform which is regulated and licensed in more than 200 countries and has $100 million insured against theft, provided by the custodian BitGo.
Yes, YouHodler is a trusted crypto interest platform. It has multi-layered security measures, such as 2FA, cold storage of assets, and options to disable withdrawals for additional security if you have more than $10,000 stored.
YouHodler works with digital asset security experts Ledger Vault, ensuring, private keys are encrypted, secured, and not controlled by YouHodler staff.
Kosta Kantchev is the CEO and Co-Founder of Celsius.
Still Researching?
If you are still deciding where to earn interest on your crypto, you can read my full review on Nexo (here) and YouHodler (here) or have a look at my article on earning compound interest on your crypto.
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