Best Bitcoin and Crypto Interest Accounts in 2022

You may not like it, but inflation is on the rise, and your cash is losing value. But it’s not just about protecting your money from depreciation. Brick-and-mortar banks are paying dismally low rates on savings accounts these days (some even charge negative interest in Europe).

Let’s be honest, traditional banking methods are starting to show their age. So if you want a higher return for lending out your money, it might just be the right time for exploring different routes for activating your idle cash.

Although still controversial, more and more investors are eyeing the advantages of a cryptocurrency interest account. A cryptocurrency interest account lets you enjoy the benefits of an old-school savings account but with the growth potential of cryptocurrencies. They’re similar to traditional bank savings, with the difference that crypto deposits earn interest while you still hold onto your coins.

For example, if you’re looking for high returns but don’t want the risk of volatility in cryptos like Bitcoin or Ethereum, you can choose to earn interest on stablecoins that offer high rates with more stability. The best crypto interest accounts offer up to 12% interest on stablecoins and let you earn 6% interest on popular instruments like Bitcoin and Ethereum.

In this guide, we’ll explore the best platforms and apps where you can earn interest on your crypto assets. I researched and tested the most competitive offerings for putting your digital assets to work. I looked at the top places to earn interest on bitcoin, ethereum, stablecoins, and altcoins and chose each category’s best crypto savings accounts.

These are the best crypto interest accounts

Here are the best crypto savings accounts and apps to earn interest, based on years of research:

  • Nexo: Best for daily interest payouts
  • YouHodler: Best for stablecoins
  • Gemini (US & SG only): Most conservative lender and best for daily interest
  • Wirex (EU & APAC only): Best rewards and best multicurrency cashback card
  • Binance: Best for advanced users and DeFi
  • CoinLoan: Great European savings solution

With so many players in the market, it may help to compare crypto interest rates side-by-side before deciding on where to put your money. That said, high interests should not be the only consideration for choosing a crypto saving account. Make your own decision and compare these platforms to find one that fits your needs.

Keep your crypto private

Use a hardware wallet to keep your crypto safe. Consider moving some funds into cold storage for maximum security.

Best sites to earn interest on crypto: Full comparison

Below is a comparison of the most trusted platforms where you can earn interest on Bitcoin, Ether, and other major cryptocurrencies.

1. Nexo: Best for daily interest

Nexo is among the oldest cryptocurrency lending platforms as they have been around since 2018. It has slowly but steadily consolidated its user base and now has over 2,5m users worldwide. Nexo is a regulated financial service provider and insured up to insured for up to $375 million by Bitgo and Ledger.


  • Invite friends and earn $10 in BTC
  • Up to 8% interest on BTC and ETH
  • One of the first lending platforms on the market
  • Daily interest payouts
  • $375 million insurance
  • Monthly free withdrawals
  • A Nexo card is coming soon

Things to keep in mind

  • Not FDIC or SIPC insured
  • Rates can change
  • Nexo tokens are required to get the best savings rate

Special offer: Earn up to 10% on BTC and ETH. Invite your friends to Nexo and get $10 in BTC.

Nexo offers a maximum annual interest rate of 20% and up to 8% per year on bitcoin and ether, and up to 12% on stablecoins. Interest is paid out on a daily basis, so funds can quickly build up.

Key features

  • Minimum deposit: 0.001 BTC / 0.01 ETH / 1.0 stablecoin
  • Fees: $0 monthly/yearly fees; 1 to 5 free crypto and stablecoin withdrawals per month
  • Supported coins: 27, incl. BTC, ETH, LTC, LINK, USDC, PAX, GUSD, USDT
  • Bitcoin interest rate: 6% to 8%
  • Ethereum interest rate: 6% to 8%
  • Stablecoin interest rate: Up to 12%
  • Other important details: Sign up for the Nexo crypto card here and earn cashback in Bitcoin

In terms of security, Nexo offers two-factor authentication, IP whitelisting, and a cold-wallet storage system. They’re ISO/IEC 27001 Certified and use segregated multi-signature wallets to store user holdings securely. Insurance-wise, Nexo has a total insurance of $375m for digital assets and uses real-time reserve audits in collaboration with Armanino.

2. YouHodler

YouHodler is a European bank-like crypto asset management platform with offices in Cyprus and Switzerland. The firm offers attractive crypto savings accounts with high compound interest of up to 12% and crypto-fiat loans with high loan to value ratios of up to 90%.

The total number of cryptocurrencies and stablecoins to earn interest on stands at 25, with rewards for BTC at 4.8%, ETH 5.5%, and LINK 6.2%, and stablecoins around 12%. YouHodler has no lock-up periods, and investors are allowed to withdraw or sell their assets at any given time.


  • Up to 4.8% interest on BTC and 4.8% on ETH
  • Supports 25 coins and tokens
  • Weekly payouts
  • $150M pooled crime insurance by Ledger Vault
  • Zero weekly or monthly fees
  • No lock-up period or special tokens are required to get the best rates

Things to keep in mind

  • Not FDIC or SIPC insured
  • Not available in the US
  • Start-up company

YouHodler’s crypto savings account pays interest on most major coins, including BTC, ETH, USDT, USDC, TUSD, and PAX deposits, as well as BNB, PAXG, XRP, LINK, and XLM. Accumulated interest is paid out once every week, and the weekly interest period starts compounding as soon as you deposit funds into your savings account.

You can also convert between different cryptocurrencies, stablecoins, and fiat currency in the mobile app or web interface directly, and the fees for trading are generally in the low end. YouHodler supports EUR, USD, CHF, and GBP, and supports card and bank transfers.

Key features

  • Minimum deposit: 5 USD in crypto equivalent
  • Fees: $0 monthly/yearly fees; unlimited free withdrawals
  • Supported stablecoins: DAI, HUSD, PAX, TUSD, USDC, USDT, EURS
  • Bitcoin interest rate: Up to 4.8%
  • Ethereum interest rate: Up to 4.5%
  • Stablecoin interest rate: Up to 12%
  • Other important details: Supports USD, EUR, GBP, CHF fiat transfers

In terms of security, YouHodler partners with Ledger for custody management of client funds in hot and cold wallets, with a crime insurance program for crypto assets up to $150 million. YouHodler’s is a member of the Blockchain Association of Switzerland, which is an independent body that promotes the use of blockchain solutions in Europe. The company’s Swiss arm is also regulated by the local authorities in Switzerland.

Read More: Full review of YouHodler.

3. Binance Earn – Largest crypto eco-system

Binance Earn is the one-stop crypto interest solution from Binance. With Binance Earn, you get a complete suite of staking and savings products for earning passive income on your crypto holdings without any trading involved. There are more than 60+ cryptocurrencies and stablecoins to choose from and you can earn interest under fixed or flexible terms.


  • Largest cryptocurrency exchange in the world
  • Supports the most coins and tokens
  • Highest industry rates through DeFi solutions
  • ETH 2.0 staking support with up to 20% APY
  • Flexible and locked terms

Things to keep in mind

  • Not FDIC or SIPC insured
  • Slow customer support
  • Overwhelming for beginners

Users can select between regular savings products, staking, and DeFi solutions, each with its own risks, terms, and returns. These include Savings with flexible or fixed terms, Locked Staking, DeFi-Staking, ETH 2.0 Staking, Liquid Swap, Launchpool, and the BNB yield aggregator Vault.

Special offer: Receive a 5.00% lifetime fee discount on all your trades.

If you’re not interested in trading but want to increase your holdings, the interest-bearing products from Binance are worthy of choice. While the many features can be overwhelming at first, the savings and staking solutions from Binance could potentially create a passive income if you’re willing to learn how to use them.

Key features

  • Minimum deposit: Varies
  • Fees: $0 monthly/yearly fees
  • Supported coins: BTC, ETH, ETH2, and all other major coins and tokens.
  • Bitcoin interest rate: Up to 7.49%
  • Ethereum interest rate: Up to 20%
  • Stablecoin interest rate: Up to 15%
  • Other important details: Eligible European users can register for the Binance Visa Card and earn up to 8% cashback

4. Coinloan

Coinloan Interest Account

Coinloan is a European-based cryptocurrency lending and borrowing platform licensed and authorized in the EU. The company launched in 2016 and operates under the regulation of the Estonian Financial Supervision Authority, which means it holds a European Financial Licence.


  • Licensed and certified platform
  • High yield interest with up to 12% APY
  • Client funds are stored with BitGo and insured for $100 million from Lloyd’s.
  • Intuitive and easy-to-use platform
  • Excellent customer support

Things to keep in mind

  • Not FDIC or SIPC insured
  • Relatively anonymous company with undisclosed team members
  • Lacks transparency

The platform allows you to make passive income by investing fiat currency and stablecoins for a high yield return. As an investor, your deposits are used to create loan offers on the Coinloan platform.

Special offer: Earn 25% rewards of 0.2% of every exchange amount, +0.2% of every loan amount, and +0.1% of every interest account holdings (annual rate, rewarded monthly**).

Interest for crypto is accrued daily on your deposit and credited directly to your wallet on the first day of each month. The rates for Coinloan interest account vary but can go up to 12% per year.

Key features

  • Minimum deposit: $100 worth of crypto
  • Fees: $0 monthly/yearly fees
  • Supported coins: BTC, ETH, TUSD, LTC, USDC, PAX, XMR, BCH, USDT, BUSD
  • Bitcoin interest rate: Up to 5.2%
  • Ethereum interest rate: Up to 5.2%
  • Stablecoin interest rate: Up to 10.3%

As for security, CoinLoan stores crypto-assets in offline, cold, multi-signature wallets with the digital asset trust custodian BitGo with $100 million worth of insurance from Lloyd’s. Furthermore, all transactions are done in accordance with Cryptocurrency Security Standard (CCSS).

Read More: Full review of Coinloan.

Comparison of rates from the best crypto interest accounts

To give a better overview, here is a comparison of the top savings accounts to earn interest on Bitcoin and other cryptocurrencies. Rates represent the maximum that can be earned, with or without loyalty levels or tokens.

Rates were obtained on 6 May 2021, but are not guaranteed and may vary on a daily basis

Frequently asked questions

What is a crypto interest account?

A crypto interest account or crypto savings account operates much the same way as a normal savings account. Instead of depositing cash to earn interest, you deposit crypto-assets and earn crypto interest in return.

Are crypto interest accounts safe?

Crypto interest accounts are not insured by any government, but the safest cryptocurrency savings platforms take extreme measures to protect your assets from misuse and hackers. Lenders like BlockFi have complex security systems to minimize counterparty risk and implement automated margin call systems for borrowers. But remember only to invest money that you can afford to lose.

Why are crypto interest rates so high?

Interest rates on cryptocurrencies can be as high as 13% because the crypto lending industry is still in its infancy and the demand for loans is growing exponentially. These blockchain companies make money by lending your coins to borrowers at a higher rate than they pay you as interest. Another reason for the high rates has to do with traditional financial institutions refusing to work with crypto-related businesses.

Is the crypto lending industry regulated?

The best crypto lending and borrowing platforms are licensed by multiple financial authorities as money transmitters (US) or as crypto-asset businesses (UK.)

Should I lend all my crypto for interest?

You should also consider the security risk that arises when you move your crypto assets from the security of your hardware wallet to the lending platform’s custodians. Always check if they have insurance in place and to which extent you can be compensated for any loss in the event the account is hacked.

How does crypto lending work?

Crypto lending is the practice of lending digital assets through lending platforms or crypto exchanges for interest. The platform connects you to borrowers, private individuals, or institutional trading firms, who back up their loans with tangible security like cryptocurrency or real money. You’ll get your cryptocurrencies back with interest once the borrower repays the loan.

Guide: How to choose a reliable crypto savings account

With interest yield on crypto interest account outstripping those of traditional banking interest accounts, it’s no surprise that investors are flocking to earn interest on their unused cryptocurrencies. While it pays to shop around before deciding on the crypto interest account to invest with, here are some essential factors to consider when choosing the best way to earn interest on crypto:

  • Understand insurance: Can investors keep their digital assets in crypto savings accounts and sleep with both eyes shut? Unlike traditional banking, deposits in crypto interest accounts are not insured by the FDIC or any other government compensation scheme. Keep this in mind when searching for the right interest account to invest in. Keeping your funds in a thoroughly vetted crypto interest account is the best way to earn interest without jeopardizing your entire investment.
  • Security protocols: Research in detail the security protocols of the crypto interest account provider you intend to invest your funds. This is very important as it could mean the difference between falling victim to hackers and thieves and earning some passive income safely.
  • Cold storage: Cold storage refers to storing digital assets in servers in an offline environment, cut off from the internet. This measure is a necessary security protocol that stops theft by hackers. Additional security can be obtained by combining cold storage with mutisignature to create multisig cold storage. Multisgnature is the process of using more than one key to authorize a bitcoin transaction. This eliminates the risk of a single line of failure and makes it tough to compromise the wallet.
  • 2-factor authentication: This is a must if you have any digital assets anywhere. 2-factor authentication is simply, a second layer of security in the form of a unique code generated on an app on your phone. The Google Authentication 2FA is the most popular software-based authenticator, another is Microsoft’s.
  • Bug bounty reward program: To further tighten security, the best crypto lending companies incentivize hackers to detect and report vulnerabilities by offering them a reward. The bug bounty program allows the crypto company to identify and resolve security flaws before they are exploited by criminals and lead to loss of assets.
  • Collateralisation: As an investor, your deposited digital assets are given out as loans to borrowers at an agreed interest rate. The borrowers secure their loans with crypto assets, which are usually far above the loan in value. This is known as overcollaterisation, and it’s in fact, the basis for crypto lending. Overcollaretaisation ensures the loans are paid back on time and in full.
  • Transparency: The authenticity of a crypto company where you intend to invest your assets is defined by how transparent they are with users. Look out for companies that maintain communication with their users. At the point of sign up, you should know about all fees, charges and any other conditions. A reliable crypto company should have active social media accounts and continuously provide updates to its community of users.
  • Track record: Thoroughly research the track record of the interest accounts provider you wish to invest in. Has there been consistent growth with time? Has there been any security breach? With the long history of hacks in the crypto space, and the billions of dollars’ worth of assets stolen so far, you must consider the interest account provider’s security records.
  • Regulation & licenses: Check if the crypto interest account provider has the appropriate licenses to operate in their area of coverage. Dealing with an unregulated company places you at considerable risk since no legal recourse would be available in the event of malpractice or loss. 

How crypto interest-bearing savings accounts work

A crypto savings account works much in the same way as a regular financial savings account. You deposit a certain amount of cryptocurrency, BTC, ETH, USDT, etc., into the account and earn interest.

The only difference is that you’re earning interest from your cryptocurrency rather than actual fiat money. However, this also means that you can access your funds quickly. However, there may be more risks involved in earning interest on crypto than earning interest from a bank, depending on the digital asset you provide.

Crypto interest rates and risks

The crypto interest you earn is likely to vary depending on the account. Different cryptocurrencies will offer different rates of return, so you’ll need to do your research before choosing a savings account that provides the highest returns for you.

While it may seem like a great idea to deposit large sums of cryptocurrency into an interest-bearing account, there are some risks involved in doing so. If someone hacks the website where your funds are kept, they could potentially steal all of them. If the lending platform goes out of business or becomes subject to a lawsuit, your funds may also be at risk.

Differences between a regular and crypto savings account

There are a few key differences between a regular financial savings account and one that pays interest in cryptocurrencies.

  • Interest rates: An ordinary savings account typically won’t pay any serious interest these days. Still, some banks can offer interest rates of around 0.1-0.5%. If you’re earning an annual return of 1% per year, there aren’t many options left. On the other hand, a crypto savings account will pay much more, sometimes as high as 5-10%.
  • Insurance: A regular savings account will be insured by the government or other financial body. If your bank goes down, you won’t lose access to the funds in your account. However, if a cryptocurrency savings platform is hacked or becomes bankrupt, there’s a chance you’ll never see those funds again. That said, many crypto lending platforms now offer insurance protection that can be bought for a monthly or yearly fee.
  • Rehypothecation: Not many people are familiar with the term rehypothecation, but this is one of the ways banks and crypto banks make money from your deposit. Basically, rehypothecation means that the lender can use whatever is deposited with them as collateral for a loan they give to others. In other words, if you deposit $100 000 into an interest-bearing savings account and rehypothecation applies, there’s a chance that this money will be lent out to third parties. If this happens, your savings account may become less than $100 000 over time without you noticing.

Why trust this ranking

I’ve been writing about cryptocurrencies for years, and I’ve been using centralized and decentralized lending sites for around two years now, which has given me a profound insight into how they operate behind the scenes. I’ve analyzed numerous platforms to find the top ones, and I’ve seen enough collapses, rug pulls, black swans, and eccentric CEOs to evaluate which ones are the safest in the long run.

The lessons I’ve picked up over the years have shaped my opinion of these crypto interest accounts. Besides my own experience, this ranking draws on hundreds of hours of researching news outlets, Reddit, Twitter, company registries, and chatting with other users, comparing these sites for trust, transparency, licenses, complexity, number of available coins, and tokens, and several other factors. I keep notes on all major lending and borrowing platforms and try my best to keep this list updated at all times.

Summary: The best crypto savings accounts

Cryptocurrencies are fast becoming mainstream, and an increasing number of companies now offer crypto interest accounts that pay monthly or daily dividends. These companies provide a great investment opportunity for crypto owners looking for ways to generate passive income.

This income is achieved through high-interest loan offers to crypto borrowers. The crypto space abounds with traders looking for Crypto to borrow to overcome capital inefficiencies, amongst other uses. Therefore, the interest rate in the crypto space is considerably higher than that of fiat, with some providers offering rates as high as 15% APY.

With such a high yield, it’s no surprise that crypto owners are increasingly demanding reliable Crypto interest accounts to put their money to work for them. However, before you invest your hard-earned savings in any crypto interest account, there are many factors to consider. These include interest rates, security protocols, insurance, platform reliability, and others.

The six crypto savings accounts listed in this article are some of the best currently in the crypto space. Some of these allow you to invest crypto and earn interest directly, or invest fiat and earn interest in crypto. By putting your funds in the right interest account and platform, you can hopefully see your digital assets multiply over time.

Lucas P.
Lucas P.

About the author: Lucas P., a pen name for privacy reasons, is an investor, hobby finance writer, and die-hard FIRE enthusiast. Lucas has previously served as editor for a news outlet in his European home country but now spends his time dabbling with traditional and alternative investments. To learn more about Lucas, visit his profile page.