Hodlnaut Review – Best way to Hodl is to earn interest on your Bitcoin
Tags: review, bitcoin, cryptolending, loans
Published: 2020-09-14 19:15:24

---
title: Hodlnaut Review – Best way to Hodl is to earn interest on your Bitcoin
published: true
date: 2020-09-02 07:23:54 UTC
tags: review,bitcoin,cryptolending,loans
canonical_url: https://blog.coincodecap.com/hodlnaut-review-earn-bitcoin-interest?utm_source=rss&utm_medium=rss&utm_campaign=hodlnaut-review-earn-bitcoin-interest
---

In this article, we will review Hodlnaut, a [crypto lending platform](https://blog.coincodecap.com/top-5-crypto-lending-platforms).

[**Hodlnaut**](https://blog.coincodecap.com/go/hodlnaut "hodlnaut") provides financial services where users can deposit their [crypto assets](https://en.wikipedia.org/wiki/Cryptocurrency) and earn favorable interest rates. 

Individual investors earn interest on their cryptocurrencies by lending it to margin traders, who would otherwise struggle to access crypto loans.

Started by two entrepreneurs and self-proclaimed [Bitcoin maximalists](https://www.investopedia.com/terms/b/bitcoin-maximalism.asp), the idea is to build a product that helps Hodl-ers earn sustainable interest easily in the safest way possible.

## Summary:

- 

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        </svg>

[Hodlnaut](https://blog.coincodecap.com/go/hodlnaut "hodlnaut") enables hodlers to grow their crypto assets through an interest account.
- 

<svg viewbox="0 0 512 512" data-id="icon-check-circle-light" data-name="" style=""><path d="M256 8C119.033 8 8 119.033 8 256s111.033 248 248 248 248-111.033 248-248S392.967 8 256 8zm0 464c-118.664 0-216-96.055-216-216 0-118.663 96.055-216 216-216 118.664 0 216 96.055 216 216 0 118.663-96.055 216-216 216zm141.63-274.961L217.15 376.071c-4.705 4.667-12.303 4.637-16.97-.068l-85.878-86.572c-4.667-4.705-4.637-12.303.068-16.97l8.52-8.451c4.705-4.667 12.303-4.637 16.97.068l68.976 69.533 163.441-162.13c4.705-4.667 12.303-4.637 16.97.068l8.451 8.52c4.668 4.705 4.637 12.303-.068 16.97z"></path></svg>

Attractive interest rates at 6% for BTC and 8% for USDC and USDT
- 

<svg viewbox="0 0 512 512" data-id="icon-check-circle-light" data-name="" style=""><path d="M256 8C119.033 8 8 119.033 8 256s111.033 248 248 248 248-111.033 248-248S392.967 8 256 8zm0 464c-118.664 0-216-96.055-216-216 0-118.663 96.055-216 216-216 118.664 0 216 96.055 216 216 0 118.663-96.055 216-216 216zm141.63-274.961L217.15 376.071c-4.705 4.667-12.303 4.637-16.97-.068l-85.878-86.572c-4.667-4.705-4.637-12.303.068-16.97l8.52-8.451c4.705-4.667 12.303-4.637 16.97.068l68.976 69.533 163.441-162.13c4.705-4.667 12.303-4.637 16.97.068l8.451 8.52c4.668 4.705 4.637 12.303-.068 16.97z"></path></svg>

Currently undergoing a license application with Monetary Authority of Singapore
- 

<svg viewbox="0 0 512 512" data-id="icon-check-circle-light" data-name="" style="">
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        </svg>

Offers corporate lending services with some of the lowest interest rates

[
<svg viewbox="0 0 24 24" data-id="icon-arrow-top-right-solid" data-name=""><path d="M5,17.59L15.59,7H9V5H19V15H17V8.41L6.41,19L5,17.59Z"></path></svg>
Visit Holdnaut](https://blog.coincodecap.com/go/hodlnaut "hodlnaut")

## **Earn Interest on Bitcoin **

If you’re not familiar with the term “hodl,” it is a misspelling word “hold” used by crypto enthusiasts to depict long-term holding strategies on their digital assets.

For a while, crypto players would hold on to their assets and sell or trade when the value is attractive enough to do so. However, this is not enough anymore, and people are looking for additional ways to get yield on their bitcoins.

You might also interested in:

- [Top 5 Crypto Lending Platforms in 2020 That You Need to Know](https://blog.coincodecap.com/top-5-crypto-lending-platforms)
- [Earn Crypto - Passive Income by Staking Coins](https://blog.coincodecap.com/earn-crypto-by-staking-coins)  
- [A review of DeFi Money Market Project(DMM)](https://blog.coincodecap.com/a-review-of-defi-money-market-project-dmm)
- [Flash Loans — Borrow Without Collateral](https://blog.coincodecap.com/what-are-flash-loans-on-ethereum)

 ![earn interest](https://blog.coincodecap.com/wp-content/uploads/2020/09/earn_interest.jpeg "earn\_interest")

Comes [Hodlnaut](https://blog.coincodecap.com/go/hodlnaut "hodlnaut"), the easiest way for hodlers to get interest on their crypto assets. 

You can deposit [bitcoin](https://blog.coincodecap.com/a-candid-explanation-of-bitcoin) or other cryptocurrencies through an interest account and earn compounding interest at favorable rates.

The current interest rates on BTC deposits are 6% (effectively 6.2% annually), while USDC and USDT deposits are paying 8% (effectively 8.3%).

There is no minimum deposit or lock-in period, and all deposits automatically earn the best rate.

Besides interest account, Hodlnaut also offers corporate lending services.

Institutional clients can borrow BTC, USDC, and USDT at some of the industry’s lowest rates.

Typically, the loans offered to start from $50,000 with flexible loan-to-value (25%-100%), and clients can choose between open terms or 3+ month fixed terms.

## How Holdnaut Works

First, for users to start earning, they need to create an account and go through the KYC verification process.

Once the KYC is done, users can begin depositing their crypto assets and start earning interest immediately.

The interest earned is deposited directly into the account and accrued at the end of the day.

However, it will only be credited into the account at the end of every month.

The interest rates are determined based on the market demand, while Hodlnaut aims to keep the interest rate stable, it is subject to change.

It’s also good to note that while it’s free to create an account, there’s a small withdrawal fee for Bitcoin (0.0005 BTC) and three coins ($3) for Tether and USD Coin.

This is to cover network fees, and there are no other hidden charges.

 ![account_verification](https://blog.coincodecap.com/wp-content/uploads/2020/09/account_verification.jpeg "account\_verification")

### **Sign Up**

<svg viewbox="0 0 24 24" data-id="icon-account-box-solid" data-name=""><path d="M6,17C6,15 10,13.9 12,13.9C14,13.9 18,15 18,17V18H6M15,9A3,3 0 0,1 12,12A3,3 0 0,1 9,9A3,3 0 0,1 12,6A3,3 0 0,1 15,9M3,5V19A2,2 0 0,0 5,21H19A2,2 0 0,0 21,19V5A2,2 0 0,0 19,3H5C3.89,3 3,3.9 3,5Z"></path></svg>

First, create your account on Holdnaut.

### **Start KYC process**

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Start KYC process. In your account dashboard, click Identity Verification and follow the KYC instructions.

### **Wait for KYC confirmation**

<svg viewbox="0 0 24 24" data-id="icon-clipboard-check-solid" data-name=""><path d="M10,17L6,13L7.41,11.59L10,14.17L16.59,7.58L18,9M12,3A1,1 0 0,1 13,4A1,1 0 0,1 12,5A1,1 0 0,1 11,4A1,1 0 0,1 12,3M19,3H14.82C14.4,1.84 13.3,1 12,1C10.7,1 9.6,1.84 9.18,3H5A2,2 0 0,0 3,5V19A2,2 0 0,0 5,21H19A2,2 0 0,0 21,19V5A2,2 0 0,0 19,3Z"></path></svg>

Submit all documents and wait for KYC confirmation

### **Start earning Interest**

<svg viewbox="0 0 24 24" data-id="icon-bitcoin-solid" data-name=""><path d="M14.24 10.56C13.93 11.8 12 11.17 11.4 11L11.95 8.82C12.57 9 14.56 9.26 14.24 10.56M11.13 12.12L10.53 14.53C11.27 14.72 13.56 15.45 13.9 14.09C14.26 12.67 11.87 12.3 11.13 12.12M21.7 14.42C20.36 19.78 14.94 23.04 9.58 21.7C4.22 20.36 .963 14.94 2.3 9.58C3.64 4.22 9.06 .964 14.42 2.3C19.77 3.64 23.03 9.06 21.7 14.42M14.21 8.05L14.66 6.25L13.56 6L13.12 7.73C12.83 7.66 12.54 7.59 12.24 7.53L12.68 5.76L11.59 5.5L11.14 7.29C10.9 7.23 10.66 7.18 10.44 7.12L10.44 7.12L8.93 6.74L8.63 7.91C8.63 7.91 9.45 8.1 9.43 8.11C9.88 8.22 9.96 8.5 9.94 8.75L8.71 13.68C8.66 13.82 8.5 14 8.21 13.95C8.22 13.96 7.41 13.75 7.41 13.75L6.87 15L8.29 15.36C8.56 15.43 8.82 15.5 9.08 15.56L8.62 17.38L9.72 17.66L10.17 15.85C10.47 15.93 10.76 16 11.04 16.08L10.59 17.87L11.69 18.15L12.15 16.33C14 16.68 15.42 16.54 16 14.85C16.5 13.5 16 12.7 15 12.19C15.72 12 16.26 11.55 16.41 10.57C16.61 9.24 15.59 8.53 14.21 8.05Z"></path></svg>

If everything goes well, the user can now deposit BTC, USDT, or USDC and earn compounding interest immediately.

[
<svg viewbox="0 0 24 24" data-id="icon-arrow-top-right-solid" data-name=""><path d="M5,17.59L15.59,7H9V5H19V15H17V8.41L6.41,19L5,17.59Z"></path></svg>
Visit Holdnaut](https://blog.coincodecap.com/go/hodlnaut "hodlnaut")

## **is Hodlnaut legal or safe?**

Hodlnaut is a fintech startup based in Singapore currently undergoing a MAS (Monetary Authority of Singapore) License application.

Following the [Payment Services Act](https://www.mas.gov.sg/regulation/acts/payment-services-act), which was introduced on 28th January 2020, cryptocurrencies are classified as “digital payment tokens,” and Hodlnaut has received a six-month grace period while applying for the license under the new regime.

You can check Hodlnaut’s License status [here](https://www.mas.gov.sg/regulation/payments/entities-that-have-notified-mas-pursuant-to-the-ps-esp-r).

It has also been recognized as a certified Fintech by the Singapore Fintech Association, a recognized credential provided by the regulatory authority in Singapore.

The Infocomm Media Development Authority (IMDA) of Singapore has also selected Hodlnaut as a recognized blockchain company.

These recognition and efforts show Hodlnaut follows Singapore’s legal requirements to be a regulated and compliant company in the crypto world.

Some of the notable partners and investors include Antler, The Singapore Management University, Three Arrows Capital, BitGo, and Sparrow.

## **Security and risks**

Hodlnaut runs on a secure cloud infrastructure on AWS, and all traffic is encrypted with SSL encryption.

The company encrypts and anonymous as much data as possible on their servers, and they also use industry-standard algorithms for password hashing and procedures. 

All users are encouraged to activate two-factor authentication.

In addition, funds deposited on Holdnaut is secured by **BitGo**.

 ![legal_and_safe](https://blog.coincodecap.com/wp-content/uploads/2020/09/legal_and_safe-1.jpeg "legal\_and\_safe")

As with any investment, it is recommended for all prospective users to read the fine prints and form their own opinion when it comes to making investment decisions.

Although there are no bulletproof risk measures, Hodlnaut has incredibly stringent capital requirements of their counterparties.

It only lends to funds that have a mandate to borrow less than 1 x their Net Asset Value.

Like most of the [DeFi](https://blog.coincodecap.com/the-ultimate-guide-to-defi-decentralized-finance) products out there, [Hodlnaut](https://blog.coincodecap.com/go/hodlnaut "hodlnaut") lends out to more than one counterparty to reduce counterparty risk. 

Furthermore, in an event a default happens, Hodlnaut will be taking on the loss and paying our users from their equity funds.

## Holdnaut Pros and Cons

### Pros

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        </svg>

- 

<svg viewbox="0 0 512 512" data-id="icon-check-regular" data-name="" style="color: rgb(10, 176, 89);">
            <path d="M435.848 83.466L172.804 346.51l-96.652-96.652c-4.686-4.686-12.284-4.686-16.971 0l-28.284 28.284c-4.686 4.686-4.686 12.284 0 16.971l133.421 133.421c4.686 4.686 12.284 4.686 16.971 0l299.813-299.813c4.686-4.686 4.686-12.284 0-16.971l-28.284-28.284c-4.686-4.686-12.284-4.686-16.97 0z"></path>
        </svg>

High interest rates: 6% for BTC & 8% for USDC and USDT
- 

<svg viewbox="0 0 512 512" data-id="icon-check-regular" data-name="" style="color: rgb(10, 176, 89);">
            <path d="M435.848 83.466L172.804 346.51l-96.652-96.652c-4.686-4.686-12.284-4.686-16.971 0l-28.284 28.284c-4.686 4.686-4.686 12.284 0 16.971l133.421 133.421c4.686 4.686 12.284 4.686 16.971 0l299.813-299.813c4.686-4.686 4.686-12.284 0-16.971l-28.284-28.284c-4.686-4.686-12.284-4.686-16.97 0z"></path>
        </svg>

No minimum deposits or lock-in periods
- 

<svg viewbox="0 0 512 512" data-id="icon-check-regular" data-name="" style="color: rgb(10, 176, 89);">
            <path d="M435.848 83.466L172.804 346.51l-96.652-96.652c-4.686-4.686-12.284-4.686-16.971 0l-28.284 28.284c-4.686 4.686-4.686 12.284 0 16.971l133.421 133.421c4.686 4.686 12.284 4.686 16.971 0l299.813-299.813c4.686-4.686 4.686-12.284 0-16.971l-28.284-28.284c-4.686-4.686-12.284-4.686-16.97 0z"></path>
        </svg>

Funds are stored in BitGo Secure Wallets
- 

<svg viewbox="0 0 512 512" data-id="icon-check-regular" data-name="" style="color: rgb(10, 176, 89);">
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        </svg>

Quick signup process (under 5 minutes) and no fees to create account

### Cons

<svg viewbox="0 0 512 512" data-id="icon-thumbs-down-light" data-name="" style="">
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        </svg>

- 

<svg viewbox="0 0 320 512" data-id="icon-times-regular" data-name="" style="color: rgb(241, 94, 100);">
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        </svg>

Only supporting BTC, USDT & USDC.
- 

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        </svg>

No additional third-party insurance other than BitGo’s $100 million Custody Insurance Coverage.
- 

<svg viewbox="0 0 320 512" data-id="icon-times-regular" data-name="" style="color: rgb(241, 94, 100);">
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        </svg>

No mobile apps version (only available in web-app)

## Conclusion:

[Hodlnaut](https://blog.coincodecap.com/go/hodlnaut "hodlnaut") is an emerging fintech from Singapore that allows users to deposit their cryptocurrencies and earn interests at attractive rates. 

Individual investors will be able to grow their assets through interest accounts on their BTC, USDC, and USDT.

At the same time, corporate clients can obtain a credit line using their digital assets as collateral.

Users can begin earning interest once they pass the KYC verification, and they automatically get the best bitcoin interest rate credited to their accounts at the end of every month.

## Frequently Asked Questions

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### What does Hodlnaut mean?

Hodlnaut is a combination of HODL and Astronaut! Hodl is common slang in the cryptocurrency community, where it depicts an act of holding the cryptocurrency rather than selling it.

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### How can Hodlnaut afford to pay the interest?

Hodlnaut lends out the assets it receives to established and vetted financial institutions that pay an interest rate. As for the attractive interest rates, we analyze supply and demand on our available crypto assets to set a fluctuating interest rate that adjusts as market conditions change. Also, we take earnings from our previous months into consideration.

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### How does Hodlnaut make money?

Hodlnaut takes a small portion of the interest earned from lending and passes the rest on to our users. They also lend out the assets to decentralized protocols and earn interest from there.

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### Are there any restrictions?

There are no restrictions; you can deposit any amount, and all balances earn interest. Withdrawals are, however, limited to 100 BTC per 24 hours for all users.

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### How is interest paid?

Interest earned is deposited directly into your Hodlnaut account. The interest is accrued at the end of every day, but will only be credited to your account at the end of every month.

For more frequently asked questions, check out the [FAQs section](https://www.hodlnaut.com/faq) on the Hodlnaut website.

## Trading Bots Reviews

 ![Shrimpy](https://blog.coincodecap.com/wp-content/uploads/2020/03/Shrimpy.png "Shrimpy")

### Shrimpy

Shrimpy is social portfolio management and crypto trading platform for your personal crypto investments. The application focuses on long-term strategy automation, portfolio tracking, and copying strategies from other traders in the social program.

[Read Review](https://blog.coincodecap.com/shrimpy-crypto-trading-bot-review)

[Visit Website](https://blog.coincodecap.com/go/shrimpy "Shrimpy")

 ![Mudrex Logo](https://blog.coincodecap.com/wp-content/uploads/2020/08/RSBEXjgH_400x400.png "Mudrex Logo")

### Mudrex

While exchanges are busy spending time more on launching new tokens and assets only to increase their trading volume, platforms like Mudrex are actually working on the right problems and are making sure that traders actually end up making some money!

[Read Review](https://blog.coincodecap.com/mudrex-strategy-builder-review)

[Visit Website](https://blog.coincodecap.com/go/mudrex "mudrex")

 ![Pionex](https://blog.coincodecap.com/wp-content/uploads/2020/06/Pionex.jpg "Pionex")

### Pionex

If you’re a crypto trader who loves using crypto trading bots, Pionex will be your first choice. Pionex provides simple tools for trading automation.

[Read Review](https://blog.coincodecap.com/pionex-review-exchange-with-crypto-trading-bot)

[Visit Website](https://blog.coincodecap.com/go/pionex "pionex")

The post [Hodlnaut Review – Best way to Hodl is to earn interest on your Bitcoin](https://blog.coincodecap.com/hodlnaut-review-earn-bitcoin-interest) appeared first on [CoinCodeCap Blog](https://blog.coincodecap.com).