8 Best Places To Earn Interest On Crypto

Updated: Dec 29th, 2021
Kevin Groves
Kevin Groves
8 Best Places To Earn Interest On Crypto

As we witness global interest rates get closer to zero (and even negative in some countries), more people are paying attention to the cryptocurrencies as an alternate means to generate an 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.

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

Best Savings Accounts To Earn Crypto Interest

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

  1. BlockFi (best platform overall)
  2. Nexo (best to earn interest on fiat)
  3. Crypto.com (popular app and leader in digital currencies)
  4. Celsius Network (reputable provider for saving accounts)
  5. Coinrabbit (best for zero fees)
  6. Binance (popular trading platform with interest accounts)
  7. Gemini (safe platform to buy and earn)
  8. Hodlnaut (best to earn interest on Bitcoin)

Lending & Borrowing Platforms: Comparison

We have assessed the top savings accounts to earn interest in this comparison table based on important factors such as ease of use, reputation, available digital assets, interest rates, fees, security and customer support.

How To Earn Interest On Crypto

To start earning interest on crypto, Bitcoin and stablecoins, follow these simple steps:

  1. Register with a crypto savings platform such as BlockFi
  2. Complete the signup registration process and verify email
  3. Go to 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

Best Sites To Earn Interest With Crypto: Reviews 2022

This comparison guide provides an overview of where you can sign up for an interest account and start earning additional profit on your crypto, Bitcoin, stablecoins and even fiat currency.

1. BlockFi

BlockFi is a digital assets financial company that provides professional financial services to individuals and businesses such as the world's first Bitcoin credit card. The company is regulated at the federal and state level in the United States (48 states). BlockFi offers the easiest way to get interest on Bitcoin, crypto and stable coins.

Users can register for an interest account to store their cryptocurrency assets such as Bitcoin and Ethereum on the platform. In return, users are rewarded with interest up to 8.6% on their capital invested. The interest amount is paid monthly at the beginning of each month which will accrue the next day after the deposit.

To start earning interest on cryptocurrency portfolio, create an account with BlockFi now and claim up to $250 in Bitcoin.

blockfi websiteblockfi website

BlockFi's interest rates compound monthly, which means if you make interest in Month 1, your next interest payment will be calculated off of your 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. Just transfer funds to the platform and earn free crypto.

AssetInterest Rate
Bitcoin4.9% per year
Ethereum3.6% per year
Litecoin3.8% per year
GUSD8.6% per year
USDC8.6% per year

BlockFi offers other services to its users such as low-cost USD loans secured with crypto, advanced cryptocurrency trading platform (while earning interest) and purchase stablecoins using USD wire transfers.

2. Nexo

Nexo is an online cryptocurrency loan service that offers financial benefits for storing crypto assets on the platform 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 available in 40+ fiat currencies and across 200 jurisdictions worldwide.

nexo websitenexo website

Since it's 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.

AssetInterest Rate
USD10% per year
EUR10% per year
GBP10% per year
USDT10% per year
TUSD10% per year
USDC10% per year
PAX10% per year
DAI10% per year

The platform has recently doubled it's 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 you to withdraw funds to a personnel hardware wallet or sell back to fiat using a reputable exchange.

3. Crypto.com

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 1 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 its crypto app which lets you buy, sell, trade, spend, store, earn, loan cash and even pay bills with crypto! 

crypto.com earn interestcrypto.com earn interest

Crypto.com app allows its users to earn up to 8% on cryptocurrency and 12% on stablecoins. This essentially replaces your bank account and 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 platforms 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 Network

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 12% per year in a Celsius wallet.

celsius appcelsius app

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.

celsius network earn bitcoincelsius network earn bitcoin

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.

For example, if you deposit 1 Bitcoin into Celsius Network for 12 months, this would equate to $7.32 interest per week, totalling $380.88 for the year. If you decide to be paid out in Celsius Network's native token TEL, the rate is 35% higher.

AssetInterest Rate
Bitcoin4.03% per year
Ethereum3.82% per year
Litecoin4.13% per year
XRP3.61% per year
TUSD8.69% per year
USDC8.69% per year
PAX8.69% per year
USDT8.69% per year

5. Coinrabbit

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 requires to complete an ID verification stage is 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 a desired amount of funds which will activate the savings account in a few minutes. Deactivating savings account and withdrawal 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 earning interest at 10% APY are limited to 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

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. 

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), Tether (USDT) and others.

Users can either choose from a Fixed Deposit or Flexible Deposit which provides slightly different interest rates as shown below. Flexible deposit allows you to withdraw your funds at any time with 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

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 users 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, 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 themselves apart from their competition by offering some of the best interest rates available for cryptocurrencies. The platform are able to offer higher rates by lending the assets to established and vetted financial institutions that pay an interest rate to hold those assets.

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 over their cryptocurrency portfolio by managing asset balances without having to transfer coins out to another exchange.

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 some cryptocurrency exchanges over the years.

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 portfolio.

We hope that you found this article on the best sites to earn interest on 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 earn free crypto.

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Kevin GrovesKevin GrovesKevin Groves

Kevin is the founder and chief editor at HedgewithCrypto that he started in 2019 which has reached over 1.5 million visitors worldwide. He is passionate about cryptocurrency as an emerging technology and is heavily involved in the fast-growing fintech space. An experienced trader growing his portfolio since 2016, he has a strong understanding of investing in the crypto market using exchanges, brokers and derivatives platforms.

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