In the global market, digital assets and digital money or plastic money have overtaken the entire market from cash transactions. Now, everyone prefers to make payments online than going to the banks. In the last decade, the popularity of cryptocurrency has been high and, over the night, increasing rapidly because of which the demand, transaction, and people’s interest have diverted towards it. The security and safety features have made it possible to gain that popularity.
YouHodler vs Crypto.com
The main difference between YouHodler and Crypto.com is that YouHodler is a platform that offers loans to its users, and the loan is in the form of cryptocurrencies. While comparatively, on the other hand, Crypto.com provides an easier way of crediting its user’s money by using the Visa Card. It is suggested that to get more of their services, one should use their mobile app and must invest in their MCO and CRO tokens.
YouHodler is a platform that provides crypto-backed loans to its users in the form of crypto (BTC), fiat (USD, EUR, CHF, GBP), and some stable coins (TUSD, DAI, HUSD, PAXG, USDT, USDC). The platform supports all the most 15 famous crypto coins, and the security of the platform is high-end. The platform claims to use 100% secure and best practices. Also, they have a ledger vault that guards all the digital assets of the users.
Crypto.com is a platform that supports the trading and exchange of about 36 cryptocurrencies worldwide. The platform supports all the famous and in-famous crypto coins and tokens. It was founded in the year 2016, and the brain behind this successful idea was Kris Marszalek. The crypto.com platform supports as many as 17 languages across the world, and some of them are – French, Korean, Italian, Polish, Portuguese, Turkish.
Comparison Table Between YouHodler and Crypto.com
| Parameters of Comparison | YouHodler | Crypto.com |
| Founded In | 2017 | 2016 |
| Founded by | Ilya Volkov | Kris Marszalek |
| Headquarters | It has two main offices – Limassol, Cyprus, and Lausanne, Switzerland | Hong Kong |
| Official website | https://www.youhodler.com/ | https://crypto.com/ |
| Cryptocurrency Supported | 25 | 36 |
| Devices Supported | Android, Linux, Web-based, iPhone, Mac, Mobile web application, and Windows | Android and iOS |
| Languages Supported | 6 languages – English, French, German, Italian, Spanish, and Russian | 17 languages including – French, Korean, Italian, Polish, Portuguese, Turkish, and many more |
What is YouHodler?
YouHodler is a platform that deals in crypto-backed loans in crypto, fiat, and stable coins. The platform is associated with many famous and in-famous crypto coins and tokens of around 25. Through these coins and tokens, the users are given loans.
The idea of creating a website that provides loans on the cryptocurrency was of Ilya Volkov, who founded the platform in the year 2017. There are two head offices of the platform that are located in two different locations – Limassol, Cyprus, and Lausanne, Switzerland.
The platform is supported by many devices like – Windows, Linux, iPhone, Mac, Web-based, Android, and Mobile Web Application. Along with this, the platform supports six global languages – English, French, German, Russian, Spanish, and Italian.
Some advantages of using the YouHodler platform are listed below –
- 24/7 customer support
- Easy to use and created by an experienced team member in the field of crypto and FinTech
- No hidden charges
- 90% LTV provided on loans
- Unique features
- Daily compounding interest
- No credit check on loans
- Repayment of the loan is quite flexible
- Ledger Vault provides insurance of $150
Some disadvantages of the YouHodler platforms are –
- Doesn’t serve USA citizens
- NO crypto debit card features available
- Android application of the YouHodler sometimes doesn’t work appropriately.
What is Crypto.com?
Crypto.com is a platform that deals in the trading and exchange of crypto coins and tokens. The platform is associated with all the famous and in-famous crypto coins and tokens, and the number is 36. These crypto coins or tokens can be easily converted into USD by the Visa Card.
The brilliant mind behind the creation of the platform is Kris Marszalek, who founded the platform in the year 2016. The headquarters of the platform crypto.com is located in Hong Kong, China. The platform supports as many as 17 languages spoken globally and is supported by Android and iOS devices only.
Some advantages of using Crypto.com are given below –
- It provides a complete crypto ecosystem
- Interface is nice
- With the native token, high-interest rates can be unblocked
- Promotions are frequent
- Serves globally
- With very minimal fees, the exchange of crypto is very fast
- On the deposits, the users can get interested up to 12%
- The facility of crypto debit card is available along with some attractive rewards
Some disadvantages of Crypto.com are –
- Transparency is low
- The two-token system which is complicated
- For complete benefits, users must buy CRO and MCO
Main Differences Between YouHodler and Crypto.com
- The YouHodler platform was founded in the year 2017, whereas the Cryto.com platform was founded in the year 2016.
- The brilliant mind behind the creation of YouHodler is Ilya Volkov, while for Cypto.com, it is Kris Marszalek.
- YouHodler platform has two main offices or the headquarters, which are located in Limassol, Cyprus, and Lausanne, Switzerland, while the headquarters of the Crypto.com platform is located in Hong Kong, China.
- For more information about the YouHodler, one could visit their official website, ‘youhodler.com’ while in contrast, for more information regarding crypto.com, one could visit its official website that is ‘crypto.com.’
- YouHodler platform supports as many as 25 different crypto coins and tokens, while on the other hand, Crypto.com supports 36 famous or in-famous crypto coins and tokens.
- YouHodler supports different device platforms that are – Android, Mac, iPhone, Windows, Linux, Mobile Web Application, and Web-based, while on comparison the Crypto.com is supported by only the Android and iOS device platform.
- YouHodler platform comes with different languages it mainly supports only 6 languages that are – French, German, Russian, Italian, English, and Spanish while on the other hand if compared Crypto.com supports as many as 17 languages used globally, and some of them are – French, Korean, Italian, Polish, Portuguese, Turkish.
Conclusion
The widespread popularity of cryptocurrencies has increased; thus, with time, new crypto coins and tokens are released in the market. People have started investing in it because of that, and the long-term benefits are high in them. These crypto coins were initially built for exchange and trading, but now many platforms have started giving loans on these cryptocurrencies or tokens.
One such is YouHodler it was created to provide crypto-backed loans to its users in crypto (BTC), fiat, and stable coins. The platform supports many famous and in-famous coins and tokens. Also, it comes with many other language support.
In contrast, Crypto.com is a platform for trading and exchanging crypto coins and tokens. The platform does support about 36 cryptocurrency coins and tokens. Also, it supports the 17 languages that are used across the world.
References
- https://arxiv.org/abs/2104.00970
- https://link.springer.com/chapter/10.1007/3-540-44810-1_18
- https://go.gale.com/ps/anonymous?id=GALE%7CA20036643&sid=googleScholar&v=2.1&it=r&linkaccess=abs&issn=00010782&p=AONE&sw=w
- https://www.elibrary.ru/ip_restricted.asp?rpage=https%3A%2F%2Fwww%2Eelibrary%2Eru%2Fitem%2Easp%3Fid%3D414952