Crypto interest accounts are proving to be one of the safest ways to invest your crypto assets. These platforms allow you to earn interest yield and profit on your digital assets without getting into the volatile crypto trading market.

But as good as a crypto savings account might be, you need to choose your platform carefully for the best experience and the highest yields.

Many companies offer crypto savings accounts and allow you to get collateralized loans against your assets. However, these companies differ in the LTV, interest yield, interest rate, and supported cryptos.

If you are looking for a company that offers reliable and secure crypto interest accounts, here are 12 of the best options currently on the market.

Best Crypto Savings Account 2021

1. BlockFi

BlockFi has been in the business since 2017 and has some of the top crypto savings accounts out there. It is a US-based company with financial backing from top investors like Valar, Morgan Creek, and DST Global.

Besides offering the best crypto interest account, the company also allows you to get collateralized loans against your digital currencies and is a secure platform to use.

Interest Yield Account

The BlockFi interest account allows you to earn interest on 10 different assets, including 6 cryptos and 4 Stablecoins.

Their cryptocurrency savings accounts offer higher yields than most traditional savings accounts and depend on the type and number of assets you deposit as they use a tiered system. BTC earns you between 0.25% and 4%, while Stablecoins will give you up to 7.5%.

Another element of their cryptocurrency savings accounts that investors love is that they do not have lock-in terms, and the yield accrues daily. Any earnings on your interest account are paid out once per month, and there are no minimum deposits required before you can earn.

Interest Rates and LTV

For those looking to borrow from BlockFi using their digital coins as collateral, the company will charge you an interest rate between 4.5% and 9.75%.

The BlockFi interstate will depend on the LTV ratio. The company offers three LTV options, which are 20%, 35%, and 50%. The interest rate for a 20% LTV loan is 4.5%, while 33% LTV loans are charged 7.9%, while 50% LTV loans have a 9.75% interest rate.

Is BlockFi Interest Account Safe?

BlockFi uses multiple security features to ensure its platform is secure. These security features include 2FA and address whitelisting. Additionally, they store most of the assets in your interest account in offline cold storage.

2. YouHodler

YouHodler is one the most prominent platforms where you can earn interest and get loans against your assets. The company offers various crypto-fiat services to help crypto holders make money with their assets without selling them.

The company supports more than 20 cryptocurrencies that users can take collateralized loans against or open an interest-yielding savings account. The currencies they offer range from primary coins like BTC and ETH and Stablecoins like USDT and USDC.

Interest Yield Account

If you have any idle assets that you prefer not to sell or trade, you can invest them in the YouHodler crypto savings account to earn up to 12.3% interest yields.

The actual interest yields depend on the specific asset you keep on the cryptocurrency interest account. BTC earns you 4.8% APY (annual percentage yield), ETH earns 5.5% APY, while the USDT will give you the highest yield on the platform, 12.3% APY.

These savings accounts earn weekly compound interest payout, and you can withdraw your assets to add more anytime you want since there are no lock-in periods.

Interest Rates and LTV

Besides the crypto savings account, you can also get crypto loans against your asset, eliminating the need to sell any favorite coins you have when you need cash urgently.

You can get collateralized loans against BTC, ETH, USDT, and even fiat currencies like USD and GBP. The company gives you 50%, 70%, and 90% LTV options, which are among the highest in the market. Additionally, the loan periods are between 30 and 180 days.

Users will receive the loans in fiat currency or Stablecoins, and the funds are sent to your wallet instantly. The minimum loan starts at $100, but there is no maximum loan amount.

Is YouHodler Interest Account Safe?

Yes, YouHodlers is a secure crypto interest account with several security protocols like 2FA and advanced encryption. Also, the company has a $150 million crime insurance under Ledger Vault and is also a Crypto Valley Association member.

3. Gemini

Gemini is a New York trust company that has been in operation since 2014, making it one of the oldest and most experienced crypto lending platforms.

Gemini works more like a crypto bank as they offer custodian services for many other crypto lending platforms. However, the company also has a savings account for crypto holding that will allow users to earn without selling their prized assets.

Interest Yield Account

Gemini allows you to open a crypto saving account by depositing more than 35 different cryptocurrencies, Stablecoins, or fiat currency.

The interest yields on these savings accounts depend on the actual asset you deposit, but they range between 1.35% and 7.4%. For BTC, the yield is 1,65%, and 1INCH earns you 7.4%.

The yields on the Gemini cryptocurrency interest account are compounded daily. Also, the lenders can redeem the assets anytime they want, and there are no withdrawal or transfer fees.

Is Gemini Interest Account Safe?

Gemini is one of the safest crypto savings accounts, and the fact that many other platforms use their custodial service is enough proof of this. The company holds most of the assets in offline cold storage and has multiple security features for their platform, like 2FA and hardware security keys.

4. Celsius

The Celsius Network is famous for offering some of the highest interest yields for savings accounts out there. The company has been in business since the summer of 2017 and is one of the fastest-growing crypto lending and savings platforms.

According to Celcius, they now have a little under 1 million users, have processed over $8.2 billion in loans, and holds over $17.1 billion in community assets, making it one of the largest in the industry.

Interest Yield Account

The Celcius Network savings account is one of the most attractive out there as it offers yields of up to 17%, which are among the highest in the market.

Lenders can deposit over 40 different assets in their cryptocurrency interest account to earn interest. These assets include Stablecoins like TUSD, USDC, their native GUSD, and all primary cryptocurrencies like BTC or ETH.

The interest yield for most Stablecoins is up to 11.2% APY, while SNX can yield you over 17% APY, and BTC will earn you up to 4.4%. These yields are paid weekly, and lenders can call back their assets anytime they want.

Interest Rates and LTV

Celsius also provide a collateralized loan product for those that want to borrow cash against their assets instead of selling them. You can use most of the assets supported by the platform as collateral for the loan.

The company offers three LTV ratio options which are 25%, 33%, and 50%, with the rates on these loan values being 1%, 6.95%, and 8.95%, respectively.

Loan periods on the Celsius platform are 0 to 3 years, and the company does not charge any origination fees or do any credit checks.

Is Celsius Interest Account Safe?

Besides having some of the best crypto savings accounts, the Celsius Network is also safe enough. The company stores all the assets in cold storage and uses multiple security protocols like 2FA, HODL mode, and biometric security.

5. Binance

Binance is a big name in the crypto trading industry, but some users might not know that the company also has some of the best crypto holdings loan and lend products in the market.

There are more than 50 cryptocurrency options on the Binance platform that you can borrow against or lend to earn interest.

Interest Yield Account

When you want to open crypto savings accounts on the Binance platform, you first need to decide whether to use flexible or locked savings accounts.

The lenders can deposit different crypto for the flexible savings account and earn up to 5% APY. There is no lock-in term or hidden charges with this cryptocurrency interest account, and you get compound interest payout daily. Also, you can withdraw the assets when you want.

Locked savings accounts allow you to store the coins for a specific amount of time which can be 15, 30, or 60 days. These interest accounts have a higher yield of up to 45% per annum paid at the end of the term. However, you cannot withdraw your digital assets before the period elapses.

Interest Rates and LTV

Binance provides up to 65% initial LTV for loans, a 75% margin call, and 83% liquidation LTV. Their interest rates are calculated hourly or daily. The current interest is 0.001667% per hour or 0.0400% per day.

Loan periods are between 7 and 180 days, but the company does not charge penalties for early repayment, making the platform highly convenient.

Is Binance Interest Account Safe?

Binance is one of the largest platforms for crypto investments, and so it should be obvious it is safe to use. The company uses 2FA to secure user accounts, and they also now keep most of the digital assets in offline cold storage.

6. Crypto.com

Crypto.com was founded in 2016, and according to info on their website, they now have more than 10 million registered users in over 90 countries, making it one of the largest platforms globally.

While the company is better known as a crypto trading platform, they still have some of the best crypto earn and credit products. What’s more, the company supports over 40 cryptocurrencies and at least 8 Stablecoins that users can borrow against or lend out by opening a cryptocurrency interest account.

Interest Yield Account

The Crypto.com interest account allows you to earn up to 14.5% APY by depositing any idle digital assets you have.

Their crypto savings accounts allow you to choose your preferred term from three options; flexible, 1-month, or 3-month terms.

There is also no minimum or maximum amount required for their savings accounts. Also, their earnings are simple daily rewards with no compound interest, and you can withdraw your funds anytime.

Interest Rates and LTV

Crypto.com allows you to monetize digital assets without selling them by using these assets to get collateralized loans at a friendly rate.

You can borrow against most of the assets on the crypto lending platform at a 50% LTV ratio and pay at your convenience. The interest ranges between 8% and 12%, depending on the asset you use as collateral.

Users can borrow as little as $100 to as much as $1,000,000, a higher maximum limit than many other crypto accounts.

Is Crypto.com Interest Account Safe?

Crypto.com will use bank-like security protocols to secure its platform. They include 2FA and storing 100% of the assets in cold storage. Additionally, they have insurance coverage for the assets.

7. Nexo.io

Nexo.io started its operation in 2017, and it is licensed and regulated in the EU. The company is available in more than 200 jurisdictions and has over 2 million users.

The platform allows you to deposit money into a savings account to earn interest yields or use your digital assets as collateral to get quick loans. Also, trading crypto is possible for those that prefer the more traditional exchange market.

Interest Yield Account

The Nexo.io cryptocurrency savings accounts make earning interest easier for traders, and they will provide up to a 12% APY interest yield that is compounded and paid out every day.

Nexo supports over 20 different crypto assets that you can deposit on their savings accounts to earn yield. The yield for a primary coin like BTC is 8% APY, while ETH will make you 8%, and USDT will give you 12%.

There are no hidden charges on the Nexo.io platform, and you get complete control over your funds since the platform allows you to add more funds or withdraw them at any time.

Interest Rates and LTV

Besides earning interest on a savings account, Nexo allows you to borrow crypto or fiat currency using your digital assets as collateral.

You can borrow against over 20 different cryptos, and the interest starts at 6.9%, with an LTV ratio of between 15% and 90% depending on the specific asset you use or collateral. Users can borrow between $50 and $2 million.

Is Nexo.io Interest Account Safe?

Nexo has some of the top crypto savings accounts in the market, and so they take security very seriously. The company uses 2FA, biometric identity verification, extensive firewall servers, and a $375 million insurance to assure users that the funds are even safer than in a bank account.

8. CoinLoan

CoinLoan offers crypto-based savings accounts and allows users to get collateralized loans against the virtual assets they are holding. The platform is straightforward to use, even if you do not know how crypto savings accounts work.

The company has been in the industry since 2017, and it is a regulated and licensed platform based in Estonia, Europe. With CoinLoan, you can get loans against 18 different assets or use them to open a savings account to earn interest.

Interest Yield Account

The CoinLoan savings account will pay an interest yield of between 7.2% and 12.3% APY on different cryptocurrencies, Stablecoins, and fiat currencies. BTC will earn you 7.2%, while ETH makes 7.2%, and depositing EUR will give you up to 12.3%.

CoinLoan pays the yields to your crypto wallets daily, and there is no lock-in period as you can withdraw the assets anytime. Also, the company does not charge any deposit or withdrawal fees.

Interest Rates and LTV

If cryptocurrency savings accounts are not the thing for you, CoinLoan still has a crypto loan product that can be very handy when you need quick cash.

By depositing any of the 14 supported coins, you can get instant cash or crypto loans at 20%, 35%, 50%, or 70% LTV ratio. The interest ranges between 4.95% and 11.95% per annum, and the loan period is from 1 to 36 months.

Is CoinLoan Interest Account Safe?

CoinLoan is a licensed and regulated company by the Estonia financial authority, which is a good indication it is safe. Although it does not have FDIC insurance, it still takes several measures to secure the user funds, like keeping them in cold storage with a $100 insurance coverage from Lloyds.

9. MyConstant

MyConstant has been providing a platform for peer-to-peer lending since 2019. The company offers multiple lending and borrowing products for crypto holdings.

There are more than 71 supported cryptocurrencies on the platform that you can deposit to earn interest or use as collateral for crypto-backed loans.

Interest Yield Account

You do not need to have cryptocurrencies to open a savings account with MyConstant, as you can also deposit fiat to earn interest yield. However, regardless of what you add to your savings account, you can be sure of getting high returns of up to 7% APY.

Besides the higher interest yield, what makes these some of the best crypto savings accounts is that there is no lock-in period, and you get what you earn sent to your wallet daily. Investors can also withdraw their assets at any time from the savings accounts.

Interest Rates and LTV

While MyConstant’s crypto interest account sounds more interesting, they also have an equally good crypto loan product that allows you to borrow against your coins.

You can use over 71 different coins as collateral to get loans at an interest of just 6% for 30-day loans and 7% for 180-day loans, and the LTV ratio goes up to 66%.

Is MyConstant Interest Account Safe?

MyConstant aims to make cryptocurrency savings and borrowing more secure by using features like 2FA and multilevel security protocols.

Additionally, the platform guarantees to reimburse any private keys for your assets that get lost in its custody. However, it does not have FDIC insurance like a normal savings account.

10. Vauld

Vauld launched in late 2018 with secure BTC and ETH wallets as their two primary assets. From the onset, the company has been focusing on peer-to-peer crypto lending by creating a centralized pool.

As more and more users join the platform, it has been on steady growth over the years and continues to get more innovative with its product offerings. However, crypto-backed loans and savings accounts are still their two most popular products.

Interest Yield Account

Vauld savings account will earn you higher interests than most traditional savings accounts. You can deposit over 10 different assets ranging from BTC and ETH to BAT and SNX.

With this savings account, you can earn between 3.04% APY and 12.68% APY when you deposit crypto assets with the company. The interest yield is compounded weekly, meaning you are not paid monthly like with other platforms and instead get your earning every weak.

The initial deposit is zero, and there is no lock-up period meaning you can withdraw your assets backs to the crypto wallets anytime you want. Also, there are no monthly fees or hidden charges like with some other crypto banks. All this makes Vauld an excellent platform to earn some passive income on idle coins.

Interest Rates and LTV

Apart from the crypto-based savings account, Vauld also has crypto-backed loans that you can take against 40+ cryptos and Stablecoins.

The company allows you to borrow at up to 66.7% LTV ratio with instant approval and flexible repayment as they allow you to repay anytime you want with no fines. The interest on the loans ranges between 4% and 13%.

Is Vauld Interest Account Safe?

Vauld uses some highly advanced security protocols and high-tech encryption to keep all the user data safe. Other safety and security measures include multi-factor authentication, and they use Bitgo as a custodian for their assets. Bitgo provides $100 million insurance coverage for the assets they keep.

11. Hodlnaut

The Hodlnaut platform provides an easy way for users to create interest account and get some yield on their crypto-asset instead of leaving them idle.

Although it is still a relatively new company since it only started in April 2019, it already has over 5,000 users and offers a wide range of products besides interest accounts.

Interest Yield Account

With the Hodlnaut cryptocurrency savings accounts, investors can earn up to 12.3% APY, which is quite good compared to other companies and a reasonably small company like them.

The interest accounts support 6 different assets, including BTC, ETH, USDT, and DAI. The interest yield for BTC is 7.46% APY for your first 2 BTC, while your first 20 ETH will earn you 7.46% APY.

Payouts are weekly, and they go straight to your crypto wallet, and the company does not have any lock-in period. What’s more, there is no minimum deposit, and you can withdraw your assets when you want.

Hodlanaut also offers a fixed-term loan product that allows you to lock in your crypto coins for a specific period and get higher yields in return. You start with a minimum of 100 BTC for at least 1 month.

Is Hodlnaut Interest Account Safe?

Although it has not been around very long, there have not been any security incidences on the financial institution. Also, they use most of the industry-standard security features like multi-factor authentication and keeping assets in cold storage.

12. Coinbase

Coinbase is one of the oldest and also largest cryptocurrency platforms in the industry. It started operation in 2012 and now boasts over 68 million registered users in more than 100 countries and over $180 billion worth of assets in the platform.

Although the company is perhaps more famous for its crypto trading product, they also offer some fantastic crypto-backed loan products and interest accounts.

Interest Yield Account

Coinbase recently launched its crypto-based savings account that allows users to earn up to 4% APY by investing in USDC Stablecoins. However, this product is only available to eligible users in the USA.

Interest Rates and LTV

Crypto holders with urgent cash needs can use their bitcoin to get quick loans from the Coinbase platform. The company provides a 40% LTV ratio for bitcoin-backed loans and an 8% interest rate.

You can borrow up to $100,000 with no credit checks and repay in monthly installments of at least $10 and with no repayment or late fees.

Is Coinbase Interest Account Safe?

Coinbase is one of the safest platforms you can use. Besides the insurance coverage for all the assets they hold, the company has several other security measures like 2-step verification and keeping 97% of the assets in cold storage.

13. Voyager

Voyager is quite a popular name in the crypto investment spheres, and many investors love that it has a very convenient mobile app that makes it easy to invest and manage your assets on the go.

Currently, the company supports over 60 cryptocurrencies that you can swap, loan out to the platform. What’s more, Voyager has a global presence.

Interest Yield Account

The Voyager crypto-based savings accounts allow you to earn interest and trade simultaneously with zero lock-up periods or limits.

However, the company requires you to hold a specific asset minimum per month to enjoy high yields. For example, you need to keep at least 0.01 BTC to get up to 5.75% APR.

Is Voyager Interest Account Safe?

Voyager is US-registered, meaning it has to deal with the strictest regulations. Better still, any resources you deposit with the company are FDIC (federal deposit insurance corporation) insured and publicly traded, which are all indicators that it is safe enough.

  • Which Is the best crypto wallet to earn interest?

Each company has its merits, but YouHodler and BlockFi provide some of the best platforms you can use to earn crypto interest. YouHodler users can earn up to 12.3% depending on the asset they deposit, while BlockFi interest accounts earn up to 7.5%.

  • Are crypto interest accounts safe & legal?

Yes, provided you use a licensed and regulated company, these interest accounts and crypto transactions are legal. Safety depends on the specific security measures and protocols a company employs.

  • What crypto savings account pays the highest interest?

If you are looking for a high yield savings account, YouHodler and the Celsius Network are unbeatable. YouHodler provides up to 12.3% APY, while the Celsius Network will give you upto 17% APY.

  • For How Long Can you earn interest on Crypto Assets?

It largely depends on the specific platform that you have. However, most of the top crypto savings account will not have a minimum or maximum lock-up period. So users deposit dollars or crypto and earn for as long as they keep the assets deposited with the company.

Conclusion

Many companies out there offer cryptocurrency savings accounts, but not all will work for you. Before opening any crypto interest account with any of them, you first need to understand what it has to offer, interest rates, and the terms, lock-in, and fees.

That said, there is a company for all kinds of investors out there on the list above. Whether you want to lend your assets or use them as collateral for a loan, it is all up to you to decide which one offers you the best deal.