6 Best Crypto Savings Account in 2021; Deposit Crypto And Earn Interest Up To 8%

Published: Sunday, September 12, 2021, 13:30 [IST]

The crypto revolution has begun, and it would be an understatement to say that 2021 has been a significant year for Bitcoin and cryptocurrency adoption thus far. A number of large corporations have opted to join the crypto party in recent months.
We're seeing significant corporations like Tesla want bitcoin on their balance sheet, signalling a major movement away from traditional finance.

Despite the fact that it is still contentious, a growing number of people are considering the advantages of a cryptocurrency interest account. The best crypto interest accounts pay up to 12 percent interest on stablecoins and 6 percent interest on major crypto assets like Bitcoin and Ethereum.

Blockfi

The BlockFi Interest Account is the ideal overall place to earn interest on Bitcoin, Ethereum, and stablecoins. BlockFi, a fully regulated and licenced bank-like supplier of cryptocurrency savings accounts, loans, and exchange services, was formed in 2017 and has financial licences to operate in 48 U.S. states.
They usually have the best rates for stablecoins, which are cryptocurrencies whose value is directly linked to the value of a fiat currency such as the US dollar. USD Coin (USDC), GUSD, and PAX, for example, are all stablecoins that can earn 7.5 percent. Tether (USDT) has the potential to earn up to 7.5 percent.

Nexo

Nexo's high yield interest accounts pay out up to 12% APY on 17 different cryptocurrencies on a daily basis. Only members of Nexo's loyalty program, which is based on holding their native coin, NEXO token, get the best rates.
Cryptocurrencies such as Bitcoin, Ethereum, and Ripple have rates ranging from 4% to 8%. Stablecoins like USDT, USDC, and DAI, as well as cash deposits in USD, GBP, and EUR, earn between 10% and 12%.

Celsius Network

Celsius Network is not only the most transparent but also the most profitable crypto lending platform in the world. It was launched in 2017 by serial entrepreneur Alex Mashinsky (one of the VOIP's inventors), and it already has over $200 million in funding and 40,000 active wallets.

Celsius Network offers some of the finest cryptocurrency interest rates and accepts a variety of prominent cryptocurrencies and stablecoins, including Bitcoin, Ethereum, USDC, PAX, and others. Furthermore, it pays weekly interest, with the option of earning more when paid in Celsius' native cryptocurrency CEL.

YouHodler

With offices in Cyprus and Switzerland, YouHodler is a European bank-like crypto asset management platform. The company offers a crypto savings account with a high compound interest rate of up to 12%, as well as crypto-fiat loans with loan-to-value ratios of up to 90%.

There are a total of 25 cryptocurrencies and stablecoins to earn interest on, with BTC paying 4.8 percent, ETH 5.5 percent, LINK 6.2 percent, and stablecoins paying about 12 percent. There are no lock-up periods with YouHodler, and investors can withdraw or sell their assets at any moment.

Binance Earn

Binance Earn is Binance's one-stop crypto interest solution. Binance Earn provides a comprehensive set of staking and savings solutions for earning passive income from your crypto assets without having to trade.
There are over 60 cryptocurrencies and stablecoins to select from, with set or variable terms for earning interest.
Regular savings products, staking, and DeFi solutions are available to users, each with its own set of risks, terms, and rewards. Savings with flexible or set terms, Locked Staking, DeFi-Staking, ETH 2.0 Staking, Liquid Swap, Launchpool, and the BNB yield aggregator Vault are some of these options. While the various features can be intimidating at first, if you're ready to learn how to use them, Binance's savings and staking solutions could potentially generate a passive income.

Coinloan

Coinloan is a legal and regulated cryptocurrency lending and borrowing marketplace established in Europe. The company began operations in 2016 and is regulated by the Estonian Financial Supervision Authority, indicating that it holds a European Financial Licence.
Cryptocurrency interest is calculated daily on your deposit and credited to your wallet on the first of each month. Coinloan interest account rates vary, but can reach 12 percent per year. CoinLoan keeps cryptoassets in offline, cold, multi-signature wallets with the digital asset trust custodian BitGo, which is insured by Lloyd's for $100 million.