Youhodler vs Celsius - Which is Better? [2022]

Youhodler and Celsius are both relatively trustworthy Crypto Lending & Saving platforms in our opinion, but which one is the better choice overall for you? We hope to give you the information you’ll need to decide for yourself which is better for you — while elaborating a bit about our experiences using both platforms.

We used to strongly prefer Celsius to Youhodler, as quite frankly in the past we didn’t trust Youhodler due to it being such a new unknown company, but those worries have largely passed and we see youhodler as a reasonably trustworthy company now that has some unique features (like their Mult-hodl feature) that differentiate them from other crypto-lending platforms — overall we still personally prefer Celsius a bit, however to be honest they’re quite competitive with one another.

With that being said we’d say it’s essential to use multiple platforms to diversify your risk in any one of them having any variety of issues — another good crypto-lending company to check out would be Nexo. You can read our comparison of Youhodler vs Nexo here and Celsius compared to Nexo by clicking here.

Below you’ll find a quick jump-to section if you want to just get to a particular part of this comparison right-away, but essentially we’ll start by going into which one is best for earning interest on your crypto followed by which one has lower fees both for withdrawals and trades on-platform.

After that we’ll briefly go over the current sign-up bonus offers Youhodler and Celsius currently have, how trustworthy both platforms are (and how they’re regulated), before finally ending with a summary of it all and some FAQ’s.

Table of Contents

Which Offers the Better Yields on Deposits - Youhodler or Celsius?

Youhodler offers slightly higher yields on deposited crypto — however this comes with a small caveat — Celsius offers comparable yields to slightly higher yields when you hold large amounts of their loyalty token with them or small account balances (<0.25btc) — but otherwise their rates are generally comparable to slightly lower than Youhodler’s rates currently. 

With that being said, Youhodler offers significantly better interest on stablecoins and Altcoins— while Celsius offers comparable to slightly better (1-2%) interest on Bitcoin and Ethereum (when in small amounts, or when holding CEL tokens), meaning that if you have a small amount of btc/eth you may prefer Celsius to Youhodler.

To sum it up — With Celsius you earn slightly less than with Youhodler (1% to 4% less) for medium-large ETH/BTC holdings or any size Altcoin position — as a result Youhodler is generally the better choice for what they offer in terms of yield for most people. We aren’t factoring in Youhodler’s unique multi hodl feature, as it carries more risk, however in our experience it increases yield another 1-2% over celsius, when using it as recommended and not going all-in on the feature.

Which has less fees - Youhodler or Celsius?

This category is won slightly by Celsius— Both Celsius and Youhodler have very little fees for the products they have — however when you compare them side by side Celsius has practically no fees while Youhodler does have quite a few, albeit still quite few if you know what I mean.

Allow me to explain — when it comes to their internal crypto swap/trading thingy though Youhodler has a much lower spread/fee when compared to Celsius — generally Youhodler’s is around 0.2% while Celsius charges around 1% depending on the pair from what we’ve experienced.

As for each platforms crypto-backed loans, Youhodler has significantly higher fees than Celsius does, and quite frankly I wouldn’t bother getting a loan with Youhodler currently as a result — atleast for 25% LTV loans. With that being said, Youhodler’s Multi-hodl/Turbocharge features, despite their fees, are better for short-term traders or investors looking for leverage, as Celsius’s loans are more long-term focused.

Neither platform seems to tack on any surplus fees for withdrawals, however Celsius offers 1 free withdrawal per month while Youhodler doesn’t offer any free withdrawals currently.

Finally, Celsius has some fees related to their crypto-backed loans, but they’re way lower than Youhodler’s fees for it — generally Celsius has the lowest fees in regards to crypto-backed loans though, so if you’re interested in getting one you’ll likely want to go with them — at least for that product/service.

Which Has The Best Signup Bonus Offers - Youhodler or Celsius?

This category is firmly won by Celsius  — This is because Youhodler doesn’t really offer a sign-up bonus, but rather a small discount or bonus interest rate yield on your first deposit, while Celsius offers between $50 sign-up bonus for new users, which is quite nice I must say — better than most platforms.

With that being said, you can sign up through this link to be eligible for Celsius’s sign-up bonus — alternatively you can enter code “198971556a” when signing up via the app — You can read more about the promos they’re currently offering in detail on our page about Celsius’s current promotional offerings, most of which can be stacked with the sign-up promotion once you’ve signed up. 

As for Youhodler you can learn more about their sign-up bonus on our page about Youhodler’s current promotions, but basically you can sign up through this link and you’ll be eligible for 1% bonus interest on a coin of your choosing for I believe 30 or 90 days, depending on the current promotion, and sometimes a discount on fees.

Which is more Trustworthy - Youhodler or Celsius?

We’d like to say they’re equally as trustworthy — but quite frankly the hard truth is Celsius has more institutional backing and is larger, and thus is the more trustworthy and reliable company at this stage. If you’re risk-adverse you’d probably prefer going with Celsius as a result.

With that being said we’d say both are trustworthy and competent companies that we’d trust with our assets — we use them both, we hold tens of thousands of dollars with both — and we haven’t taken out any 3rd party insurance for our assets held with either platform.

Both are highly regulated and use top-notch security with multi-sig wallets, cold storage, and require collateral for most loans — because of this we’re relatively confident they’re not scams or anything like that, and we’re quite sure they’re here to stay.

What Advantages does Youhodler have over Celsius?​

Youhodler has clearly better rates on the cryptocurrencies they offer interest on — namely Stablecoins and Altcoins — and overall Youhodler is a trustworthy enough company with good security, support, and offerings — and if you’re interested in leverage or maximising your yield then they’re likely the better choice, at least if you don’t mine the slight extra risk they carry in our opinion.

If you think Youhodler is the right choice for you then you can sign up through this link, however before you do that I’d also recommend checking out Hodlnaut, which also offers very good interest rates that are comparable to slightly higher than Youhodler in many cases. You can read our comparison of Hodlnaut vs Celsius and our comparison of Youhodler vs Hodlnaut here.

What Advantages does Celsius have over Youhodler?

Celsius is clearly better if you’re looking to get a crypto-backed loan, however Youhodler is generally better for earning the most interest on cryptoassets currently, so Celsius doesn’t really win out in that regard — but regardless Celsius has pretty decent rates, particularly for Ethereum deposits or small amounts of bitcoin (<0.25btc) so using them for earning on your crypto isn’t really a bad choice — it’s just not ideal if you have large amounts of invested capital –namely tens of thousands of USD worth of crypto you’re looking to earn on. 

With that being said, of course if you want to go with Celsius right now you can sign up to Celsius through this link to be eligible for the up to a $50 initial sign-up bonus — you can also read more about Celsius’s other sign-up promotions by clicking here.

Youhodler vs Celsius FAQ's:

Below we cover all the FAQ’s we’ve encountered, been asked, or have asked ourself about Youhodler and Celsius. If you have more questions feel free to contact us on our contact page and we’ll get back to you as soon as we can — and maybe even add our response below.

Can you buy Crypto on Youhodler or Celsius?

You can buy crypto directly with both Youhodler and Celsius in-app, however you must do so via Wire transfer — so if you don’t want to do a wire transfer and prefer to use ACH transfers that are free to send then you’ll need to first deposit funds into a platform like Voyager or Coinbase and then send it over.

Does Youhodler or Celsius have insurance on your cryptoassets stored with them?

With Youhodler you have some insurance through ledger, however you may want to take out insurance via Nexus Mutual if you want further coverage, as the ledger insurance isn’t very comprehensive. With Celsius you automatically have multiple types of insurance that’ll protect you (and Celsius) from all but bankruptcy or a catastrophic level breach in security. 

Does Youhodler or Celsius have better customer service?

We’d say their customer service is very comparable — they both have acceptable customer service and the agents are competent and, well, you don’t need to go back and forth to get your issue resolved like with some companies who shall not be named. They both respond relatively quickly, however Youhodler’s is often a bit faster and more responsive, likely due to being a smaller company with less clients to help.

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