9 Best Places To Earn Interest On Crypto In 2022

    Updated: Sep 13th, 2022
    Kevin Groves
    Kevin Groves
    9 Best Places To Earn Interest On Crypto In 2022

    As we witness global interest rates get closer to zero (and even negative in some countries), more people are paying attention to cryptocurrencies as an alternate means to generate additional income. A popular way to earn passive Bitcoin is via interest accounts and lending platforms using decentralized finance services or commonly known as DeFi.

    These services allow you to earn interest on Bitcoin and crypto without having to trade the markets using an exchange. They enable borrowers and lenders to exchange money between each other to receive either a crypto-backed loan (paid in fiat currency) or earn interest payments on Bitcoin, Ether and others without a bank.

    Best Savings Accounts To Earn Crypto Interest

    Based on our reviews, these are the best places to earn interest on crypto:

    1. Nexo (overall best platform to earn interest)
    2. BlockFi (best interest account for security)
    3. Crypto.com (best crypto savings account app)
    4. Celsius (good provider for crypto interest)
    5. Coinrabbit (top interest platform for zero fees)
    6. Binance (best for flexible savings accounts)
    7. Gemini (safest platform to earn crypto interest)
    8. Hodlnaut (best to earn interest on Bitcoin)
    9. CoinLoan (good for long-term interest)

    This post contains affiliate links with our partners who may compensate us. Read our disclaimer for further information.

    Crypto Interest Accounts Compared

    HedgewithCrypto has conducted an assessment of the top savings accounts to earn interest in this comparison table. The comparison takes into account important factors such as ease of use, reputation, supported currencies, crypto interest rates, pay-out frequency, fees, security and customer support.

    Exchangeavailable Coinsinterest RateratingPromotionWebsiteReview


    8+Up to 12% P.A
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    $25 Bitcoin for >$100 depositVisit NexoNexo Review


    23Up to 8.6% APY
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    Get up to $250 Bonus in BitcoinVisit BlockFiBlockFi Review

    Binance Earn

    18+Up to 5% P.A
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    Up to $100 welcome bonusVisit Binance EarnBinance Earn Review


    25+Up to 12% P.A
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    None available at this timeVisit Crypto.comCrypto.com Review
    Coinrabbit logoCoinrabbit logo


    310% APY
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    None available at this timeVisit CoinrabbitCoinrabbit Review
    gemini earngemini earn

    Gemini Earn

    26Up to 7.4% APY
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    None available at this timeVisit Gemini EarnGemini Earn Review
    celsius networkcelsius network


    25+Up to 17% APY
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    None available at this timeVisit CelsiusCelsius Review


    5Up to 12.73% APY
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    None available at this timeVisit HodlnautHodlnaut Review


    25Up to 12.3%
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    None available at this timeVisit CoinLoanCoinLoan Review

    Best Sites To Earn Interest With Crypto: Reviews 2022

    1. Nexo - Overall Best Platform For Crypto Interest

    Nexo is an online cryptocurrency loan service that offers financial benefits for storing crypto assets such as Bitcoin and Ethereum. In return, Nexo offers a high-interest account where users can earn up to 10% p.a. on Bitcoin, crypto, stablecoins and fiat currency. The lending service is licensed, regulated and insured up to $100 Million against theft with BitGo and is available in 40+ fiat currencies and across 200 jurisdictions worldwide.

    nexo websitenexo website

    Since its launch in 2017, Nexo has processed more than 1.5 Billion dollars from over 800,000 users in more than 200 jurisdictions across the globe and supports over 40 fiat currencies. It has gained widespread popularity as an alternative crypto investment method and storage option for individuals and companies to leverage additional financial benefits for borrowers and lenders.

    Crypto interest savings services such as Nexo are attractive for customers as the interest earned is significantly higher than the rates offered by traditional financial institutions such as banks. Interest in a Nexo savings account is paid out daily which allows the savings account to compound and grow rapidly. For example, those looking to earn interest on Ethereum can get up to 8% APY with the interest paid daily. This makes the Nexo interest account superior to other platforms like BlockFi and Celsius which have monthly interest payments and a reduced compounding effect.

    AssetInterest Rate
    USD10% APY
    EUR10% APY
    GBP10% APY
    USDT10% APY
    TUSD10% APY
    USDC10% APY
    BTC6% APY
    ETH6% APY
    ADA6% APY
    SOL6% APY

    Nexo has recently doubled its crypto interest rates across its supported digital assets and brings the interest rate up to 6% APY, which previously ranged between 4% and 5% on cryptocurrency assets. Users can also earn an additional 2% when paid out in NEXO tokens. For example, an interest account with USD can earn 12% APY when paid out in the platform's native token.

    Users that provide liquidity to the Nexo.io platform by depositing and storing their fiat and crypto assets with Nexo are eligible to register for a savings account. Funds from the wallet funds can be accessed at any time allowing users to withdraw funds to a personnel hardware wallet.

    In short, the crypto interest rates on Nexo are above-average in the market and represent an excellent choice for investors that want to earn interest on 32 supported digital assets with daily interest payouts. For these reasons, Nexo is our top pick for the best crypto interest accounts.

    2. BlockFi - Best Crypto Interest Account For Security

    BlockFi is a digital assets financial company that was founded in 2017 by Zac Prince and Flori Marquez. The company is based in the U.S. and is available in 48 states as well as most countries around the globe. The main feature of the platform is to provide professional financial services for lending and borrowing crypto-assets and also has the world's first Bitcoin credit card. Its flagship products are the savings account to earn interest and crypto-backed loans.

    blockfi websiteblockfi website

    BlockFi's crypto savings account provides a safe and secure platform for customers to earn interest. There are in total 23 cryptocurrencies that are supported and can be transferred to a savings account. These include earning interest on Bitcoin, Ethereum, Solana, Cardano, Dogecoin, Avalanche, Tether and USD Coin.

    The BlockFi crypto interest rate uses a decreasing rate schedule which means deposits above a certain threshold will pay less in interest for certain assets like Bitcoin and Ethereum. The best rates for BlockFi are on stablecoins, with up to 8% APY available.

    AssetInterest Rate
    Bitcoin0.1%, 1%, 4.5% APY
    Ethereum0.25%, 1.5%, 5% APY
    Solana5% APY
    Cardano5.5% APY
    Tether5.5%, 7%, 8%
    USD Coin5.5%, 7%, 8%

    Users who deposit with BlockFi are rewarded with interest that is paid out monthly. For example, for a person that deposits crypto and earns interest in Month 1, the next interest payment will be calculated off of the new total balance (old balance + interest payment from Month 1). This will allow investors to build up wealth over the long term. There is also no minimum or maximum deposit amount so beginners can get started with BlockFi immediately.

    In short, BlockFi is a reputable provider and is one of the best crypto interest accounts for a range of supported assets. While the savings account is not currently available for US residents which is a disadvantage, BlockFi is a terrific option for smaller investors with competitive interest rates. However, the selection of assets is quite limited compared to other platforms such as Nexo. For a detailed comparison, read our article on BlockFi vs. Nexo.

    Update: BlockFi does not offer crypto interest accounts to U.S. residents. Users with existing deposits in BlockFi before February 14, 2022 can still earn interest on existing balances, but cannot add to them.

    3. Crypto.com - Best Crypto Savings Account App

    Crypto.com is a digital asset platform that offers several digital currency products and services including a crypto interest account. The network's sole purpose according to its founder is to increase the adoption of crypto on a global scale by making it easy for individuals to access. 

    With over 10 million users on its platform, Crypto.com offers a powerful alternative to traditional financial services, making it easier for everyone to obtain cryptocurrencies. The digital currency platform is known for having one of the best crypto apps to buy, sell, trade, spend, store, earn, loan cash and even pay bills with crypto! 

    crypto.com earn interestcrypto.com earn interest

    The Crypto.com app crypto interest account offerings allow its users to earn up to 8% on cryptocurrency and 12% on stablecoins. This essentially substitutes traditional savings accounts at a bank. Customers can deposit their preferred digital assets to the app to begin accruing interest on a daily basis.

    Interest earnings accrued are credited to your wallet every 7 days and paid out in the same currency as the deposit. For example, if you deposit BTC, you will bring in interest that will be paid out in BTC. You can have multiple deposits to accrue interest for different cryptocurrencies in your wallet.

    Crypto.com app users can that stake the platform's MCO token to earn higher interest rates as listed below. As these rates can change often, we suggest checking the rates on the app before creating an interest account.

    crypto.com interest ratescrypto.com interest rates

    4. Celsius - Good Alternative Crypto Interest Platform

    Celsius Network is a digital asset platform that offers its users access to financial services and benefits that are not offered by traditional institutions. It is the goal of the platform to disrupt the financial banks on a global scale by offering services that will bring the next 100 million people into digital currency. Founded in 2017, Celsius Network allows users to store their assets on a Celsius wallet to earn up to 17% per year in a Celsius wallet.


    Important. Celsius suspended withdrawals on June 13, 2022. For more information, read their blog post.

    celsius network earn bitcoincelsius network earn bitcoin

    Celsius Network operates in a similar model to the other providers which offer high-interest commissions in return to users for depositing assets on the platform to fund lenders. There is no minimum deposit amount and you can withdraw funds at any time without worrying about fees or penalties. The freedom to get high interest on your own terms without penalties or restrictions is an attractive feature of the Celsius app.

    For investors that are not familiar with or experienced to trade a portfolio on margin platforms, a 10% annual return is a great option to diversify and grow wealth without the risks associated with trading. The platform supports the major cryptocurrency assets such as Bitcoin, Ethereum, Litecoin and most stablecoins.

    Create an account with Celsius Network to start earning interest.

    AssetInterest Rate (APY)
    Bitcoin5.00% (on first 1 BTC) then 1.5%
    Ethereum5.35% (on first 30 ETH) then 3.52%
    USD Coin7.1%

    Overall, Celsius is one of the top crypto interest platforms with a great selection of 50 coins to earn crypto interest. The ability to increase the interest by staking CEL tokens gives it an edge over other crypto interest offerings. The downside is there is no live chat feature or the ability to top up an account using a credit card. Compared to other interest providers such as BlockFi, the crypto interest rates offered on Celsius are better for high net-worth investors that deposit over 1 BTC or 30 ETH. For more information, read our comparison between Celsius vs BlockFi.

    5. Coinrabbit - Top Interest Account For Zero Fees

    Coinrabbit is a popular platform for individuals to obtain instant crypto loans or earn interest on crypto deposits. A major benefit is the beginner-friendly and easy-to-use design that will suit new investors. The workflow to creating an account and depositing funds to earn interest or get a loan in under 10 minutes. There is no KYC or document upload process which streamlines the account creation process. Customers will only be required to complete an ID verification stage if Coinrabbit's risk-control system terminates the transaction due to suspicious activity.

    coinrabbit earncoinrabbit earn

    Coinrabbit offers an interest account similar to the other lenders in this article. To start earning interest on stablecoins, users can deposit the desired amount of funds which will activate the savings account in a few minutes. Deactivating savings accounts and withdrawals works similarly. The interest payments are paid out monthly with no recurring fees and can be withdrawn in full or partially at any time.

    This means investors can deposit funds to earn interest without limitations or lock-up periods. At the time of writing, the supported coins that are eligible for 10% APY are earning interest on stablecoins such as USDT and USDC.

    coinrabbit earn processcoinrabbit earn process

    In short, Coinrabbit is a great choice for investors that are holding stablecoins to earn interest during a bear market or decline. The funds can then be moved to a trading platform to purchase crypto at the right time. The option to deposit crypto back to Coinrabbit to obtain a loan is a good investment vehicle to never sell crypto.

    6. Binance - Best For Flexible Crypto Savings Accounts

    Binance is one of the best crypto trading exchanges in the world that offers something for both crypto-investors, HODL'ers and traders. It is often regarded as the world's leading cryptocurrency exchange that provides an online platform that bridges the gap between traditional fiat money and crypto through innovative feature-rich service. New customers on the exchange can also get up to $50 for free when using a unique Binance referral code.

    While the platform is well-known for offering its innovative trading products, altcoin trading and new features, the team has recently launched a way to get interest on Binance with the introduction of 'Binance Savings'.

    binance savings accountbinance savings account

    The Binance Savings account allows you to grow your wealth by accruing interest on your crypto that is stored in a cold storage wallet by the platform. Essentially, you’re lending your assets to margin traders on the platform, and they pay interest to you in return for borrowing your funds. The Binance Savings/Interest account supports a wide variety of lending options including major digital currency coins such as Bitcoin (BTC), Ethereum (ETH), Binance USD (BUSD), and earning interest on USDT.

    Users can either choose from a Fixed Deposit or Flexible Deposit which provides slightly different crypto interest rates as shown below. A flexible deposit allows you to withdraw your funds at any time at a variable rate. This type of interest account will appeal to traders that want to earn interest on their crypto portfolio while waiting for a trade setup.

    7. Gemini - Safest Place To Earn Interest On Crypto

    Gemini is a private New York trust company that was founded in 2014 by Cameron and Tyler Winklevoss, commonly known as the "Winklevoss twins". The company provides a legitimate cryptocurrency exchange and has recently launched Gemini Earn to allow its customers to earn passive income on stored assets on the platform.

    gemini websitegemini website

    Gemini is highly regarded as a safe trading platform and provides the option to let its user's crypto work for them with compounding interest rates up to 7.4% APY. The Gemini Earn program is available to US customers only and available in all states. Gemini provides the flexibility to move the crypto assets to the trading platform (with interest) and vice versa.

    Unlike the other platforms listed in this article, Gemini Earn has simplified the user interface with a simple interest calculator. The drop-down menu shows all the supported coins, and the estimated interest rate and calculates the project interest earnings over a 1-4 year period.

    gemini earn interest filecoingemini earn interest filecoin

    8. Hodlnaut

    Hodlnaut is a financial platform based in Singapore that offers financial services to individual investors who want to grow their crypto investments. With over 5,000 investors and $250 Million in custody, Hodlnaut set itself apart from its competition by offering some of the best crypto interest rates available for cryptocurrencies. The platform is able to offer higher rates by lending the assets to established and vetted financial institutions that pay an interest rate to hold those assets.


    Important. Hodlnaut has suspended withdrawals since August 8, 2022.

    Hodlnaut offers one of the highest interest rates for Bitcoin at 6.2% APY (as of 11 June 2021) compared to the 4.9% offered by Blockfi and 6% on Nexo. No fees are charged when making a deposit however a small fee applies for withdrawals.

    hodlnaut interest platformhodlnaut interest platform

    Users on the platform can diversify their portfolio and earn interest on other cryptocurrencies such as Dai (DAI), Ethereum (ETH), US Dollar Coin (USDC) and Tether (USDT). The selection of supported assets is limited, however, for Bitcoin-only investors, it is a better platform for the higher rates.

    Hodlnaut has a token swapping service that allows investors to trade their digital assets for others within the platform. There are no fees or limits for swapping crypto to crypto. This means that users can take control of their cryptocurrency portfolio by managing asset balances without having to transfer coins out to another exchange.

    9. CoinLoan - Best For Long-Term Crypto Interest

    CoinLoan is another lending and borrowing provider that offers crypto-backed loans and a savings account to earn interest. The platform also allows individuals to buy, sell and swap cryptocurrencies. Founded in 2017, CoinLoan is headquartered in Tallinn, Estonia.

    The crypto-backed loans support 25 cryptocurrencies which can be transferred as collateral to obtain a loan in EUR, GBP and other digital currencies. with a loan-to-value ratio of 20%, 35%, 50% or 70%. The interest rates vary by crypto selected and loan terms are 6 months up to five years.

    Screenshot of the crypto-backed loan process on CoinLoanScreenshot of the crypto-backed loan process on CoinLoanScreenshot of the crypto-backed loan process on CoinLoan.

    Like the other platforms herein, the loan must be paid back in the currency that was borrowed (such as USDC). However, users can obtain a 50% discount on the loan origination fee if the loan repayments are settled using CoinLoan tokens (CLT). The default origination fee is 1%, which is cheaper than BlockFi (2%) but more expensive than Nexo and Hodlnaut, which do not charge an origination fee.

    As for the interest accounts on CoinLoan, customers can earn up to 12.3% APY on crypto and fiat deposits such as EUR or GBP. However, the pay-outs are weekly instead of weekly which is not as good for compounding the initial investment. Similar to Nexo, there is the option to boost the interest rate on a crypto interest account by staking CLT tokens for a 2% increase in the interest rate.

    CoinLoan interest accountCoinLoan interest accountScreenshot of the CoinLoan interest account.

    Overall, CoinLoan is an easy-to-use crypto lending platform with loans as low as 4.95% APY and interest accounts up to 12.3% which is competitive in the market. Compared to other options, the number of supported cryptocurrencies for loans and earning interest is limited.

    How To Earn Interest On Crypto

    To earn interest on crypto, Bitcoin and stablecoins, follow these steps:

    1. Register with a crypto savings platform such as BlockFi
    2. Complete the signup registration process and verify the email
    3. Go to the top menu and click on 'Deposit'
    4. Select Bitcoin, crypto or stablecoin to deposit
    5. Transfer crypto to the BlockFi wallet address
    6. Earn compound interest on Bitcoin & crypto deposit

    Frequently Asked Questions

    Cryptocurrency owners can get interest paid out on Bitcoin, Ethereum, Tether and other digital assets by depositing funds into a website the offers lending and interest savings accounts. Sites such as BlockFi incentivise the owners to give up ownership of their assets by storing them on the platform. In return, the owners are rewarded with interest which can be withdrawn with the initial outlay.

    Cryptocurrency interest and savings account platforms such as BlockFi and Nexo use bank-like security protocols and safety measures to ensure customer funds are kept safe and protected from threats such as online theft and hackers that have been a regular occurrence on DeFi platforms over the years. For more information, read this article on the biggest hacks in DeFi history.

    Crypto interest platforms are a popular way to earn additional income. Lending platforms can offer attractive interest rates as high as 12% APY on crypto, which is significantly higher than a traditional bank. The decision to earn interest on your Bitcoin comes down to risk tolerance. With any investment, it's generally a good idea to have a well balanced crypto portfolio and don't put all your eggs in one basket to reduce exposure to events outside an investors control.

    The golden rule with investing is to never invest more than you can afford to lose. The same rule applies to Bitcoin and crypto interest savings accounts. Also, when a user transfers their crypto to an exchange platform, they give up their ownership of the Bitcoin private keys in return for earning interest. So it is recommended to weight up the benefits and risks before deciding to deposit funds to a Bitcoin interest account.

    Lending and crypto savings platforms such as Nexo and BlockFi pay daily interest on cryptocurrency assets stored on their platform such as Bitcoin and stablecoins. The interest amount accrued compounds daily, increasing the yield and return for the investors.

    Investors and traders that own Bitcoin and other cryptocurrency assets within their portfolio can leverage the services of Nexo to earn a higher return on their investment by accruing interest over time. It is often perceived as the equivalent of earning dividends on a stock to earn passive income whether the underlining asset appreciates in price or not.


    Cryptocurrency investors can now grow their wealth by taking advantage of crypto lending platforms to earn passive interest on their Bitcoin, crypto and stablecoin holdings. Long-term crypto enthusiasts that have been holding onto their digital assets now have the flexibility to generate additional profits without selling or liquidating their portfolios.

    We hope that you found this article on the best sites to earn interest in your crypto useful. If you're comfortable with transferring crypto from your hardware wallet to an online lending service, then you will not be disappointed with the compound interest that you can accrue using these platforms. It is one of the easiest ways to grow crypto holdings.

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    Kevin GrovesKevin GrovesKevin Groves

    Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. In 2019, he started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world.

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