The best platforms to earn crypto interest in 2021
Tags: hodlnaut, cryptocurrency, earncrypto, investing
Published: 2021-02-15 18:55:57

---
title: The best platforms to earn crypto interest in 2021
published: true
date: 2021-02-13 02:32:51 UTC
tags: hodlnaut,cryptocurrency,earncrypto,investing
canonical_url: https://medium.com/coinmonks/earn-crypto-interest-b10b810fdda3
---

![](https://cdn-images-1.medium.com/max/1024/1*ZQGcCfN0dTtWEtCOT0d3bA.png)

In early 2020, the prospects for cryptocurrency didn’t look so promising. Crypto markets were trying to shake off the price slump while market liquidity remains sluggish. Then the Covid-19 pandemic happened and central banks around the world released rounds of stimulus spending to salvage the economy. That resulted in the rise of confidence in Bitcoin as a store of value.

The price of [Bitcoin](https://blog.coincodecap.com/a-candid-explanation-of-bitcoin) towards the end of 2020 blasted through the $20,000 record set nearly 3 years ago. In early Jan 2021, Bitcoin’s price has reached a record-breaking all-time high at $41,940. The price has since corrected and floating around low $30,00s. Nevertheless, it’s clear that cryptocurrency will continue to shake the financial world and attracting more users going forward.

There are [many ways to get your hands on crypto](https://stenivan.medium.com/how-to-get-more-bitcoin-with-these-5-methods-187dd948e102) and some don’t even require you to spend a dime on it. If you already have some digital assets and looking to earn crypto interest, you can do so through a [crypto lending platform](https://medium.com/coinmonks/top-5-crypto-lending-platforms-in-2020-that-you-need-to-know-a1b675cec3fa). It’s a way to earn passive income from your cryptocurrencies without trading.

The way it works is that you basically lend your assets to centralized finance (CeFi) platform where it acts as custodian to your assets. The CeFi platform may lend out the said assets to vetted institutional borrowers or other third parties through collateralization. In exchange, you’ll receive high-interest rates on your deposited assets.

So where can you earn crypto interest? Here are the **top 5 platforms to earn crypto interest in 2021**.

#### [**BlockFi**](http://blog.coincodecap.com/go/blockfi)

An established crypto lending platform, [BlockFi](http://blog.coincodecap.com/go/blockfi) is a good platform for those who want to evolve as an individual investor. Whether you’re a hardcore hodler or just found out about crypto yesterday, there’s something for everyone at BlockFi. The platform offers institutional-grade financial services to crypto users while keeping the costs low. The user interface is simple and designed to maximize your crypto assets.

Currently, [**BlockFi**](http://blog.coincodecap.com/go/blockfi) offers interest account, trading account, and crypto-backed loans. The interest-earning accounts support 8 digital assets where users can earn up to 8.6% APY in which the interest is accrued daily and can be withdrawn monthly.

![](https://cdn-images-1.medium.com/max/1024/1*oCUa_ld9cdjPnYH8qpQCGA.jpeg)

Also, there’s [a waitlist](https://try.blockfi.com/credit-card-waitlist/) available for early adopters of BlockFi’s credit card with a Bitcoin rewards program. However, the card is slated to be released in the US only at the moment with a limited release in a few states.

#### **BlockFi Pros**

- Established crypto lending with a sizeable number of users and AUM
- Earn, borrow, and trade from a centralized application easily
- An attractive rewards program that includes soon-to-be-released credit card

#### **BlockFi Cons**

- Limited assets available for the scale of the platform
- Only 1 free withdrawal for crypto and 1 free withdrawal for stablecoins per month
- Monthly payouts instead of weekly

### [**Hodlnaut**](https://blog.coincodecap.com/go/hodlnaut)

Hailing from Singapore, [Hodlnaut](https://blog.coincodecap.com/go/hodlnaut) is a cryptocurrency interest-earning and crypto lending platform that aims to help hodlers get the most out of their digital assets. Offering up to 8.3% APY on five asset classes, with no lock-in periods or minimum deposits, Hodlnaut is a solid alternative to grow the productivity of crypto assets among crypto enthusiasts. Furthermore, the company recently published a [financial attestation report](https://www.crowe.com/sg/news/crowe-singapore-validates-us%24106-million-in-crypto-assets-held-by-hodlnaut) done by Crowe Singapore, confirming $106 million in assets under management.

Currently, [Hodlnaut](https://blog.coincodecap.com/go/hodlnaut) supports Bitcoin (BTC), Ethereum (ETH), Dai (DAI), USD Coin (USDC), and Tether (USDT). The interest rates for those assets as follow:

![](https://cdn-images-1.medium.com/max/1024/0*aiCj75eWBamGVxzu)

If you’re looking for something more lucrative, [**Hodlnaut**](https://blog.coincodecap.com/go/hodlnaut) offers higher interest rates to those who deposit over 100 BTC (or equivalent) with Hodlnaut Fixed-Term Deposit. The currently supported assets and interest rates for this VIP program are as follows: BTC at **6.7% APY** , **ETH at 7.2% APY** , **USDC at 10.5%**. Please note that the fixed deposit rates are indicative and subject to change upon negotiations.

#### Hodlnaut Pros

- Easy deposits and withdrawals with quick processing times
- No lock-in periods or minimum deposits while offering attractive rates
- Simple user interface and dedicated support team

#### Hodlnaut Cons

- No mobile applications available
- Limited supported assets
- No buying and selling of crypto feature

#### [**CoinLoan**](https://blog.coincodecap.com/go/coinloan)

[CoinLoan](https://blog.coincodecap.com/go/coinloan) is an interesting crypto platform that allows users to loan their assets and earn attractive returns. Originated from Estonia, it works on a peer-to-peer basis with a high LTV (loan-to-value) rate while also offering fiat borrowing and lending. Investors and borrowers with bad or no credit checks will find this platform beneficial as there are no credit checks required. You simply have to put up your crypto or fiat holdings as collateral to borrow up to 70% of the crypto or fiat’s loan-to-value.

There are no fixed interest rates available on CoinLoan. Users can earn interest up to 12.3% mostly on stablecoins and the Euro. The interest rates include a CLT-staking reward of 2% which is a CoinLoan native token.

![](https://cdn-images-1.medium.com/max/1024/0*N8EAJRZVLKbLiQzQ)

#### **CoinLoan Pros**

- Higher than average interest rates on crypto and the Euro
- Zero deposits and withdrawal fees
- Regulated and licensed as a European virtual currency provider

#### **CoinLoan Pros**

- More transparency required
- The volatility of cryptocurrency can affect your loans
- Limited amount of loans to invest in

#### [YouHodler](https://blog.coincodecap.com/go/youhodler)

[YouHodler](https://blog.coincodecap.com/go/youhodler) is a multi-faceted financial service company from Switzerland that helps crypto users to take advantage of cryptocurrencies without actively trading them. With the platform, you can trade crypto or fiat currency, receive loans with crypto as collateral, and high-interest savings account. Suitable for every level of investor, YouHodler makes it easier for users to grow their crypto portfolio.

Users can expect to earn up to 12% APR on 22 assets such as Bitcoin, Ethereum, Litecoin, and so on. It’s nice to know that YouHodler has an integrated wallet for both fiat and cryptocurrencies. For those who are more experienced in crypto trading, [YouHodler](https://blog.coincodecap.com/go/youhodler) has **TurboCharge** and **Multi-HODL** are two products worth looking into.

![](https://cdn-images-1.medium.com/max/1024/1*j10lxcSbl955d-k0kg3ysQ.jpeg)

#### **YouHodler Pros**

- A diverse selection of crypto assets
- Attractive interest rates up to 12% APR
- Innovative trading products

#### **YouHodler Cons**

- Not available to US or China residents
- Higher fees compared to other similar platforms
- Mobile applications need improvement

#### [**Nexo**](https://blog.coincodecap.com/go/nexo)

Another giant in the crypto, [Nexo](https://blog.coincodecap.com/go/nexo) is on a mission to replace traditional banking with crypto assets. Offering a wide range of financial services from interest accounts, borrowing crypto, exchange, and crypto debit card, Nexo is a solid choice for individual investors who want to gain passive income. Users can earn interest on 17 crypto assets as well as some fiat currencies such as the Euro, US Dollar, and British Pound sterling. The interest rates vary from 8% on crypto and up to 12% for stablecoins. Nexo also has its own native token NEXO Token in which users can earn 25% higher interest on the idle assets in their [**Nexo Account**](https://blog.coincodecap.com/go/nexo).

![](https://cdn-images-1.medium.com/max/1024/0*zzx3H50zgoOy6SNp)

#### Nexo Pros

- Earn extra 25% interest when earning with Nexo tokens
- No withdrawal, transaction, or platform fees
- Established platform with over $4 billion processed and 1+ million clients

#### Nexo Cons

- If you want the best interest rates, holding NEXO tokens are mandatory
- $100 million insurance only applies to assets that are stored in cold storage
- Not as low interest compared to competitors when it comes to borrowing

#### **In Conclusion**

As [Bitcoin](https://blog.coincodecap.com/a-candid-explanation-of-bitcoin) is embarking on one of the most exciting bull runs to date, other cryptocurrencies are gaining momentum as well. The positive outlook for the crypto market prompted more users to really think about ways to get their hands on cryptocurrencies. Depositing digital assets into an interest-earning account is one way to grow your crypto portfolio. As always, one should look into each platform and understand the fine prints before depositing. When done strategically, earning crypto interest through [crypto lending platforms](https://medium.com/coinmonks/top-5-crypto-lending-platforms-in-2020-that-you-need-to-know-a1b675cec3fa) is one hassle-free way to grow a passive income while sustaining the crypto ecosystem.

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