6 best cryptocurrency savings account in 2021; Deposit cryptos and earn interest up to 8%
The BlockFi Interest Account is the perfect place to earn interest on Bitcoin, Ethereum, and stablecoins. BlockFi, a fully regulated and licensed bank-type provider of cryptocurrency savings accounts, loans and foreign exchange services, was formed in 2017 and has financial licenses to operate in 48 US states.
They usually have the best rates for stablecoins, which are cryptocurrencies whose value is directly tied 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%. Tether (USDT) has the potential to gain up to 7.5%.
Nexo’s high yield interest accounts pay up to 12% APY on 17 different cryptocurrencies daily. Only members of the Nexo loyalty program, which is based on holding their original coin, the NEXO token, benefit from the best rates.
Cryptocurrencies such as Bitcoin, Ethereum, and Ripple have rates ranging from 4% to 8%. Stable coins like USDT, USDC, and DAI, as well as cash deposits in USD, GBP, and EUR, yield between 10% and 12%.
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 inventors of VoIP), and it already has over $ 200 million in funding and 40,000 active wallets.
Celsius Network offers some of the best cryptocurrency interest rates and accepts a variety of leading cryptocurrencies and stablecoins including Bitcoin, Ethereum, USDC, PAX, and others. Plus, it pays weekly interest, with the possibility of earning more when paid in Celsius native cryptocurrency CEL.
With offices in Cyprus and Switzerland, YouHodler is a European banking-style 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%, ETH 5.5%, LINK 6.2%, and stablecoins paying around 12%. There is no lock-in period with YouHodler, and investors can withdraw or sell their assets at any time.
Binance Earn is Binance’s one-stop crypto interest solution. Binance Earn provides a comprehensive set of staking and savings solutions to earn passive income from your crypto assets without having to trade.
There are over 60 cryptocurrencies and stablecoins to choose from, with fixed or varying terms for earning interest.
Regular savings products, milestones and DeFi solutions are available to users, each with their own set of risks, conditions and rewards. Savings with flexible or defined terms, Locked Staking, DeFi-Staking, ETH 2.0 Staking, Liquid Swap, Launchpool and the yield aggregator BNB Vault are some of these options. While the various features can be intimidating at first, if you’re willing to learn how to use them, Binance’s savings and staking solutions could potentially generate passive income.
Loan of parts
Coinloan is a legal and regulated cryptocurrency lending and borrowing market established in Europe. The company started operations in 2016 and is regulated by the Estonian Financial Supervisory Authority, indicating that it holds a European financial license.
Interest on the cryptocurrency is calculated daily on your deposit and credited to your wallet on the first of each month. Interest rates for coin loans vary, but can be as high as 12% per annum. CoinLoan keeps cryptoassets in offline, cold, multi-signature wallets with digital asset custodian BitGo, which is insured by Lloyd’s for $ 100 million.
6 best crypto savings account in 2021
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