Hodlnaut
Hodlnaut offers APYs of up to 12.73% on its crypto savings accounts as of the time of this writing. While many of the crypto savings accounts on this list support a wide variety of digital assets, Hodlnaut only supports Bitcoin, Ethereum, Tether, Dai, USD Coin, and Wrapped Bitcoin.
The company makes weekly payouts to your wallet and has no lock-in periods or minimum deposits and allows customers to deposit or withdraw anytime. The company also allows investors to swap their tokens on the platform so that they can rebalance their crypto holdings without leaving the Hodlnaut platform.
Coinbase
Coinbase announced in June 2021 that it would launch a crypto-based savings account that allowed investors to earn interest on their USD Coin holdings. However, it announced in September that it decided not to launch the savings account. As a result, Coinbase is not joining the other crypto banks yet and is retaining its status as a cryptocurrency exchange with several other features, but not a crypto-based savings account.
Celsius Network
Celsius Network advertises APYs of up to 17% with weekly payments for its crypto savings accounts. The company also allows investors to earn up to 25% more in rewards when they choose to earn in its own CEL token. Celsius Network emphasizes stablecoins but also supports numerous cryptocurrencies.
Nexo
Nexo is a digital wallet that also offers cryptocurrency savings accounts that make payments based on interest rates. The company supports bitcoin and more than 20 additional cryptocurrencies. Nexo advertises APYs of up to 20%, paid out daily. Many investors may find it helpful that Nexo combines a digital wallet with a crypto-based savings account for ease of use. The company also offers $375 million in insurance on custodial assets.
Crypto.com
Crypto.com touts itself as the world’s fastest-growing crypto app. The company supports more than 40 cryptocurrencies for its savings accounts. Crypto.com advertisers interest rates of up to 14.5% and up to 14% p.a. for stablecoins. Investors’ crypto keys are encrypted locally on their devices with Secure Enclave and protected by biometric and two-factor authentication. Crypto.com is a digital currency brokerage that acts as a custodian, storing your cryptocurrencies. The company’s DeFi Wallet is non-custodial, which means investors have total control of their private crypto keys.
YouHodler
YouHodler offers APRs of up to 12% plus compounding interest on its crypto savings account. Investors can earn interest in Bitcoin, Pax Gold and all major stablecoins. Interest payments are deposited into the investor’s wallet weekly. YouHodler also allows you to exchange cryptocurrencies.
Voyager
All crypto banks change their interest rates at various times, but Voyager changes its interest rates every month. The company offers competitive rates on some tokens, like USD Coin and bitcoin, but the rates on many less common altcoins are low as of the time of this writing, at around 2% to 3%. Voyager requires a minimum balance before the account can start earning interest, with the minimum balance varying by cryptocurrency.
Ledn
Ledn‘s crypto savings accounts support only Bitcoin and USD Coin and pay an annual rate of up to 9.5% on USD Coin and 6.25% on bitcoin monthly. The company works with Genesis, the largest and most-established lender in the digital asset space, as the primary borrower for its crypto-based savings accounts to produce money supply.
The company doesn’t require any minimum balance for its crypto interest accounts and has no lock-up period. It makes payments on a monthly basis. Ledn charges a 10 USDC withdrawal fee on every interest account.
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