Find The Best Crypto Interest Accounts

Investors are now earning interest on their holdings with crypto interest accounts, an innovative blockchain finance product that functions similarly to traditional banking interest accounts.

There are many factors to consider when choosing your best crypto interest account option including:

Easily compare crypto interest accounts by APR rates, payout frequency, deposit requirements, fees, and much more with our extensive filter system below.

  • Country of residence
  • Crypto assets supported
  • Interest rates
  • Compound interest

Blockfer invites less experienced users to view our Intro To Crypto Interest Accounts guide where we analyze the benefits, risks, and potentials of this emerging blockchain finance product.

Note: Estimate the earning potential for crypto interest accounts with our crypto interest rate calculator

Nexo Logo

Rating8.5/10

APY Rates:8.00% - 8.60%

Interest Earning Assets:USD, EUR, GBP, USDT, TUSD, USDC, DAI, PAX

Earn Interest On:Fiat, Stablecoins

Deposit Amounts:$1 - $2,000,000

Payout Frequency:Daily

Lockup Terms:Flexible

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BlockFi Logo

Rating8/10

APY Rates:3.80% - 8.60%

Interest Earning Assets:BTC, ETH, GUSD, USDC, LTC

Earn Interest On:Stablecoins, Crypto

Deposit Amounts:$1 - $1,000,000

Payout Frequency:Monthly

Lockup Terms:Flexible

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Nuo Network Logo

Rating8/10

APY Rates:0.00% - 0.03%

Interest Earning Assets:USDC, DAI, WBTC, ETH, TUSD, MKR, ZRX, REP, SNX, KNC, LINK, BAT

Earn Interest On:Stablecoins, Crypto

Deposit Amounts:$1 - $200,000

Payout Frequency:Daily

Lockup Terms:Flexible

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Crypto.com Logo

Rating8/10

APY Rates:1.00% - 16.00%

Interest Earning Assets:DAI, PAX, TUSD, USDC, USDT, BTC, ETH, LTC, XRP, BNB, MKR, LINK, BAT, MCO, CRO, PAXG, EOS

Earn Interest On:Stablecoins, Crypto

Deposit Amounts:$20 - $1,000,000

Payout Frequency:Weekly

Lockup Terms:Flexible, 1 Month, 3 Months

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Compound Logo

Rating7.5/10

APY Rates:197700.00% - 1134200.00%

Interest Earning Assets:ETH, DAI, USDC, REP, ZRX, BAT, WBTC, USDT

Earn Interest On:Stablecoins, Crypto

Deposit Amounts:$0 - $1,000,000

Payout Frequency:Daily

Lockup Terms:Flexible

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Binance Savings Logo

Rating7.5/10

APY Rates:0.19% - 7.00%

Interest Earning Assets:EOS, USDT, BUSD, BNB, BTC, ADA, BAT, BCH, DASH, ETC, ETH, LINK, LTC, NEO, TRX, XLM, XMR, XRP, ZEC

Earn Interest On:Stablecoins, Crypto

Deposit Amounts:$1 - $1,000,000

Payout Frequency:End of Terms, Daily

Lockup Terms:Flexible, 1 Week, 2 Weeks, 1 Month, 2 Months, 3 Months

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Celsius Network Logo

Rating7.5/10

APY Rates:0.00% - 16.16%

Interest Earning Assets:BTC, ETH, LTC, XRP, BCH, ZRX, BTG, ZEC, XLM, DASH, TUSD, GUSD, PAX, USDC, DAI, USDT, EOS, CEL, OMG, TGBP, TAUD, TCAD, THKD, ORBS, XAUT

Earn Interest On:Stablecoins, Crypto

Deposit Amounts:$1 - $1,000,000

Payout Frequency:Weekly, Daily

Lockup Terms:Flexible

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Coinbase Rewards Logo

Rating6/10

APY Rates:0.15%

Interest Earning Assets:USDC

Earn Interest On:Stablecoins

Deposit Amounts:$1 - $1,000,000

Payout Frequency:Daily

Lockup Terms:Flexible

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COLLAPSE

What is a crypto interest account and how does it work?

Crypto interest accounts are essentially savings accounts for crypto assets that yield interest on their balances.

Let’s take a look at an example:

A user is looking to earn compound interest on their Bitcoin holdings. They open a Bitcoin interest account at Blockfi, deposit 1 Bitcoin on the 28th of February, and the following occurs:

Date Days / Month BTC Interest Paid BTC Balance
2/28/19 - - 1.00
3/31/2019 31 0.0051 1.005
4/30/2019 30 0.005 1.01
5/31/2019 31 0.0051 1.015
6/30/2019 30 0.005 1.02
7/31/2019 31 0.0052 1.025
8/31/2019 31 0.0052 1.031
9/30/2019 30 0.0051 1.036
10/31/2019 31 0.0053 1.041
11/30/2019 30 0.0051 1.046
12/31/2019 31 0.0053 1.051
1/31/2020 31 0.0054 1.057
2/29/2020 29 0.005 1.062

Ending account balance after 1 calendar year: 1.062 Bitcoin

What are the benefits of having a crypto interest account?

Crypto interest account benefits include:

  • Compounding interest on account balances
  • Minimal time investment & maintenance
  • Low minimum deposits & account balance requirements
  • High transparency with fees and charges
  • Higher interest rates and returns compared to traditional banking interest accounts.
How do crypto interest accounts compare to traditional banking interest accounts?
Comparison Crypto Interest Account Traditional Banking Interest Account
Interest Rates 3% - 10% 0.25% - 2%
Fees Very Low Moderate
Minimum Deposits Low Low To Moderate
Transparency High Moderate
Asset & Fund Lockups Uncommon Standard
Privacy Moderate To High Low
Insured Deposits Uncommon Standard
Do crypto interest accounts earn compound interest?

Compound interest is earned on the majority of crypto interest accounts, with few exceptions.

See the potential of compound interest with our crypto interest rate calculator.

Where can I find the best interest rate for my crypto?

Blockfer’s crypto Interest Account Rates provides our users a daily updated list of the best interest rates available for Bitcoin, Ethereum, stablecoins, and more.

Where can I earn interest on my cryptocurrency?

The two most common ways to earn interest on cryptocurrency are margin funding and crypto interest accounts.

How do I calculate my expected crypto interest account earnings?

Blockfer’s crypto interest rate calculator works for a variety of Bitcoin, stablecoin, and other crypto asset compounding interest calculations.

Are crypto interest accounts worth it?

Blockfer and a considerable amount of global customers believe so.

While there are risks involved, crypto interest account APR rates are well above other industry standards and to date, there have been no major issues with the reputable service providers.

Who should consider opening a crypto interest account?
  • Long term focused holders and investors.
  • Investors looking for an above average return on their Bitcoin or other crypto assets with low maintenance requirements.
How do I choose the best crypto interest account?

There are several important factors to consider when choosing a crypto interest account provider:

  • Country of residence
  • Crypto assets supported
  • Interest rates
  • Compound interest

Blockfer’s compare crypto interest account section found above is an excellent starting point.

Are crypto interest accounts insured?

The majority of crypto interest account providers, particularly the decentralized providers, do not offer insurance on user balances.

It is very important that users exercise proper due diligence and understand the risk vs reward when using these products.

This being stated, users should be aware of the following:

  • No reputable crypto interest account provider has suffered a major security breach to date.
  • Reputable service providers such as Blockfi, Nexo, and Compound have very strong financial backing with established VC funds.
  • Smart contract audits and internal wallet security tests are routinely performed by reputable service providers.

The table below outlines insurance offerings by crypto interest account providers:

Company Interest Account Deposit Insurance
Nexo Yes
Blockfi No
Celsius No
Compound No
DyDx No
Dharma No
Maker No
Nuo Network No
Are there any risks to having a crypto interest account?

There are risks involved with any financial product and crypto interest accounts are no different.

Users should be aware of the following risks:

  • Service Provider Company Default - Startups and new companies carry an inherent risk of failure.
  • Interest Rate Fluctuations - Service providers reserve the right to change interest rates. A crypto interest account that began paying a 6% APR can be reduced to 3% APR within weeks.
  • Custodial Risk - Users are entrusting their crypto assets to be held by a third party. In the event of a security breach or acts of negligence, a user is relying on the service provider to act ethically.
How do I open a crypto interest account?
  1. Navigate to the Blockfer review of the chosen crypto interest account provider.
  2. Each review has detailed step by step instructions on how to open a crypto interest account.
Is my crypto safe in a crypto interest account?

Crypto interest account providers go to great lengths to maximize account balance security.

Smart contract audits, high level encryption standards, and frequent internal wallet security tests are all common procedures for reputable crypto interest account providers.

Additionally, service providers often partner with industry trusted custodians such as BitGo to store and protect account balances.

Do Bitcoins earn interest?

Bitcoins themselves do not fundamentally earn interest but there are blockchain finance products such as Bitcoin Interest Accounts that enable users to earn compounding interest on their Bitcoin holdings.

Are there any fees I should be aware of with crypto interest accounts?

A benefit of crypto interest accounts is the low amount of fees. Generally, users are only subject to basic blockchain network withdrawal fees.

What are the minimum and maximum account balances for crypto interest accounts?

Minimum and maximum account balances for crypto interest accounts vary depending on the provider:

Interest Account Provider Minimum Account Balance Maximum Account Balance
Nexo $1 $1,000,000
Blockfi $1 $50,000
Celsius $1 $100,000
Compound $1 $1,000,000
DyDx $1 $50,000
Dharma $1 $10,000
Maker $1 $2,000,000
Nuo Network $1 $100,000
Do crypto interest account providers issue debit cards to account holders?

Currently, there are no debit cards available from crypto interest account providers for account holders.

Users interested in crypto debit cards can view our compare crypto debit cards section.

What are the alternatives to crypto interest accounts?

Users can also lend their crypto assets to traders looking to access more capital for trading on margin for an agreed upon interest rate.

This process is called margin funding, and is available on several reputable cryptocurrency exchanges.

Do crypto interest account rates change over time?

Yes. As with traditional savings and interest accounts, the service provider reserves the right to change interest rates at any time.

Crypto market volatility, supply vs demand, and increased competition for service providers can all affect interest rates.

Does opening a crypto interest account require a credit check?

Companies providing crypto interest accounts do not require a credit check.

How much does it cost to open a crypto interest account?

Crypto interest accounts are free of charge to open.

Can crypto interest accounts lose value?

Crypto interest accounts cannot lose value in their respective crypto asset units. However, since Bitcoin is priced in fiat value, crypto interest accounts can lose fiat value in adverse market conditions.

Why do crypto interest accounts pay more interest than traditional banking interest accounts?

Reasons include:

  • Interest account providers are competing to acquire new users, and therefore currently offer generous interest rates.
  • Higher relative demand for crypto loans.
  • Higher account risk. Deposits are being used to issue loans to traders, corporations, and entities in a volatile market.
  • Smart contract automation results in a more efficient customer onboarding process. Crypto interest account providers have less overhead costs than traditional banks and therefore have higher margins.
  • Crypto asset markets are less efficient than traditional markets.
Can I withdraw my crypto anytime from a crypto interest account?

Most reputable crypto interest account providers do not require asset lock up periods and users are free to withdrawal their assets at any time without penalty.

Are crypto interest accounts anonymous?

In general, non-custodial (decentralized) crypto interest account providers do not require KYC and are therefore relatively anonymous. Custodial (centralized) crypto interest account providers will require users to KYC.

Company KYC Required
Nexo Yes
Blockfi Yes
Celsius Yes
Compound No
DyDx No
Dharma No
Maker No
Nuo Network No
Can stablecoins earn interest with crypto interest accounts?

Yes. There are several crypto interest accounts that pay interest on stablecoins. See our Stablecoin APR & APY Rates index page for the available options.

Do I have to pay taxes on interest earned from crypto interest accounts?

This will depend entirely on your country of residence and local tax laws. Serious crypto investors should consult an experienced cryptocurrency tax accountant.

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