I wrote this complete guide to the best crypto interest accounts of 2022 to help you make the right decisions.

It’s time to earn high interest for your crypto deposits (up to 15 – 20% APR) — paid daily or weekly.

Your interests can be paid in FIAT currency (such as USD, GBP, CAD), which is preferable to most beginners.

When it comes to cryptocurrency interest accounts, you’ll often hear people recommending Nexo, VAULD, Celsius Network, and Binance Earn as the leading platforms that pay out high yields.

I’ll show you a lot more reputable platforms with high-yield interest accounts.

This guide will show you:

  • What the best crypto interest accounts are
  • How the best crypto interest accounts work
  • How to maximize your interest rate and earn more profit, plus how to avoid wasting money on a ‘fancy’ crypto exchange platform
  • And lots more…

So if you’re ready to earn up to 20% Annual Percentage Rate (APR) for your crypto deposits, this guide is for you.

Let’s go ‘all in’ and generate high yields for our crypto assets.

What Are The Best Crypto Interest Accounts?

Here are my top picks for the best crypto interest accounts of 2022:

  1. Nexo
  2. VAULD
  3. Celsius Network
  4. Hodlnaut
  5. BlockFi
  6. Crypto.com
  7. Wirex
  8. Nuri
  9. Midas Investments
  10. Binance Earn
  11. CoinLoan
  12. Ledn
  13. Voyager
  14. Gemini
  15. Coinbase
  16. Outlet Finance

Alright, let’s dive right in. Here’s a breakdown of the 16 best crypto savings and interest accounts in 2022:

1. Nexo

Best overall crypto interest account

Best Crypto Interest Account - Nexo
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Nexo offers a crypto interest account that pays interest on a daily basis, and you can withdraw it at any time.

It offers competitive rates and does not require a lock-up period.

So it’s not as versatile as some other crypto interest accounts.

Those looking for a cryptocurrency interest account should check out Nexo.

This company offers a range of rewards from 6% to 12% APY on a wide variety of digital assets, including stablecoins.

Key Features

  • A high-yield Savings account that pays up to 20% APR
  • Earn daily interest on Cryptos, EURx, USDx, and GBPx.
  • Deposit or withdraw funds anytime
  • Get approved quickly to borrow cryptos
  • 30+ crypto assets to lend/borrow


  • Easily withdraw interests to your bank account
  • Your funds are safe with Trusted Insurance cover on the custodial assets
  • You can borrow and pay low-interest rates (starting at 0%).
  • Get your cash loan approved quickly. Zero credit checks
  • Get a free virtual card, which is accepted at 40+ million merchants globally


  • NEXO is a bit complex to learn, it requires a learning curve
  • The mobile app can be laggy at times

Nexo Fee Structure





Up to 1% NEXO Tokens in Portfolio

1 Free Crypto Withdrawal each month

1-5% NEXO Tokens in Portfolio

2 Free Crypto Withdrawals per month

5% – 10% NEXO Tokens in Portfolio

3 Free Crypto Withdrawals per month

At least 10% NEXO Tokens in Portfolio

5 Free Crypto Withdrawals each month

Navid's Pick
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Nexo is the world's largest crypto lending platform. You can earn up to 20% interest on your crypto, borrow against it from just 0% APR or swap instantly between 200+ market pairs. 

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Best crypto interest account to earn interest starting with $1

Best Crypto Interest Accounts - VAULD
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VAULD is a leading crypto lending platform, with a versatile crypto interest account you’ll love.

When it comes to cryptocurrencies, the VAULD crypto interest account is among the most popular. In addition to being a great way to start earning interest, VAULD allows you to deposit as little as $1 of cryptocurrency.

Not only is it the fastest way to access cryptocurrency interest rates, but it also provides a secure and convenient place to hold your assets.

This new cryptocurrency lending platform has many advantages, including competitive rates and regular upgrades.

Key Features

  • Get paid weekly on compounded interests
  • Borrow cryptos with ease
  • Earn, Borrow, and Trade Cryptocurrencies
  • Interest rates up to 11.57% APR
  • Earn higher interests rates on fixed deposits


  • Earn up to 11.57% APR on your deposits
  • There are no hidden fees
  • Join a crypto community to discuss upcoming tokens
  • A simple and easy-to-use mobile app
  • No hassles. Easily pay back your loans via installments


  • VAULD is a new crypto platform, so it lacks the reputation that Binance and Coinbase have.
  • Making a deposit/withdrawal can be a lot easier (especially for beginners)

VAULD Deposit and Withdrawal Fees

Best Crypto Interest Accounts - VAULD fees
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VAULD Interest Rates


Savings Rate (APY)

Fixed Deposit Rate (APY)
















Navid's Pick
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Vauld is a Singapore-based crypto exchange and lending platform. It offers a number of options to customers looking to buy, sell, and borrow cryptocurrencies. You can also use Vauld to lend or borrow crypto assets and make instant payments on these assets.

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3. Celsius Network

The best crypto interest accounts with high yield cryptos (up to 17%)

best crypto interest accounts - Celsius Network
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Celsius Network offers its users an innovative Crypto interest account. This Interest Account provides an easy way to earn a return on your crypto investments.

Users are required to deposit their coins into the Celsius account and receive an address to send them.

The Celsius Network crypto interest account pays out every Friday. The interest is calculated and distributed every Monday.

Key Features

  • Easily transfer your cryptos assets and earn decent interest rates
  • Get paid weekly (every Monday)
  • Borrow funds at 1% APR, no credit check
  • Access your Celsius account on the Web, iOS, and Android channels


  • Get paid up to 17% APR on crypto assets
  • No origination fee
  • Easy access to 40+ lendable coins to pick from (incl. BTC, ETH, USDT)
  • It’s available in 125 countries
  • Enjoy 25% more rewards when you transact with the CEL token


  • Limited trading capabilities (especially for expert investors)
  • More lendable coins would be appreciated

Celsius Network Fees: A Breakdown

Loan rate

Starting at 1% APR

Original fee


Collateral options


Withdrawal fees


Holding fees


Gas fees


Celsius Network
Free Signup

Celsius Network has a community of over 1 million users that earn up to 17% yield on their crypto. Get paid new coins every week and borrow cash at 1%. Buy coins, earn yield, borrow, and transfer with no fees. Available on web and mobile apps.

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4. Hodlnaut

A simple crypto interest account to earn interest on your BTC, ETH, DAI

best crypto interest account - Hodlnaut
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Hodlnaut is a crypto lending platform, which also provides an Interest Account with good yields.

For those who are looking for a cryptocurrency interest account, Hodlnaut is an excellent choice.

With a simple sign-up process, you can immediately deposit your crypto and begin earning interest.

There are no lock-in periods and no minimum deposits. The website has an attractive and modern design, and it is easy to navigate.

Key Features

  • Deposit and withdraw funds anytime
  • Easy Token Swap
  • Weekly interest payouts to your wallet
  • No minimum deposits. No lock-in periods
  • Earn compound interest on your assets


  • Earn up to 12.73% APY with a crypto interest account
  • The crypto interest dashboard is clean and easy to use
  • Get paid every week on your accumulated interests
  • No minimum deposit, you can start with $1


  • Interests are only paid on 6 crypto assets
  • The iOS app can be improved for speed

Hodlnaut Fees

Interest Rate

Up to 12.75% APR

Minimum deposit

Any amount (start with $1)

Support assets


Withdrawal fees


5. BlockFi

Best regulated crypto interest account for US citizens / residents

best cryptocurrency interest account - BlockFi
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BlockFi is a New York-based cryptocurrency platform that pays interest on your crypto deposits.

The BlockFi crypto interest account has two primary benefits. First, it lets you borrow cryptocurrency without penalty.

This is especially useful for long-term holders of crypto, as this allows for compounding and growth.

A crypto-collateralized loan service allows you to borrow fiat currencies against your crypto holdings and earn interest on them.

Key Features

  • Easy to use Digital wallets
  • A crypto interest account or businesses
  • You can borrow funds against your crypto assets
  • Top-Tier compliance program to safeguard your assets
  • Personalized credit cards for traders


  • Zero commission fee
  • BlockFi interest accounts are available to anyone in the world
  • Benefit from Instant Trades
  • It’s U.S-based and regulated


  • No custodial or joint accounts
  • The APY and loan rates are volatile

BlockFi Fees at a Glance


Up to 1% spread per trade

Minimum Deposit


Interest Rates on Deposits

Up to 9.25%

Maintenance fees


Free Signup

By using BlockFi you can not just buy crypto, but you can start earning on it too. Open an interest account with up to 7.5% APY, trade cryptocurrencies, or borrow money without selling your assets.

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6. Crypto.com

The best crypto platform to earn interest rates at true value

best crypto interest account - Crypto.com
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Crypto.com has grown to become a trusted crypto exchange and lending platform. It also offers interest accounts that pay 14.5% APR.

With the Crypto.com platform, users get digital wallets and cryptocurrency-backed debit cards.

The crypto app makes it easier to track and manage your crypto funds. You can use the app to deposit and withdraw cryptocurrency anytime.

This app supports 40+ cryptocurrencies. You can also track the prices and buy/sell crypto on the site.  

Key Features

  • Earn interests on your cryptos (up to 14.5%)
  • A digital wallet
  • Trade Derivatives with ease
  • Margin trading
  • Crypto merchant payment services


  • Earn compound interests and get paid every 7 days
  • Get your loans approved fast, with low fees (0.036% – 0.144%)
  • Cashback cards
  • Get Gift cards and phone top-ups
  • Easily convert your FIAT currency to crypto


  • Insufficient learning resources for beginners new to crypto interest accounts
  • Some popular coins aren’t supported by Crypto.com

Crypto.com Fees

Maker Fee

Taker Fee

Credit Card Purchases

0.04% to 0.4%

0.1% to 0.4%


Min. Investment


FIAT withdrawal fees


Credit Cards fees

It may apply

World's Fastest Growing Crypto Exchange
Free Signup

Founded in 2016, Crypto.com today serves over 10 million customers with the world’s fastest-growing cryptocurrency exchange platform.

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7. Wirex

The best crypto interest account for everyone, everywhere they are

best cryptocurrency interest account - Wirex
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Wirex provides one of the best crypto Interest accounts for people who are interested in investing in cryptocurrencies.

The company provides users with a simple and secure way to purchase, spend, and earn traditional currency.

It also offers industry-leading interest rates. Once a user has an account with Wirex, they can easily add funds to it. In addition, the company lets users choose a custom name for their account.

Key Features

  • 150+ cryptocurrencies and traditional assets available
  • 24/7 expert support. Get your questions answered
  • Use Wirex card in-store or online, earn up to 2% rewards
  • Zero exchange fees
  • Free ATM withdrawals for transactions up to $400/month


  • Easily recover your wallet using biometric back-up
  • Keyless entry via mobile app
  • Earn up to 25% APR interest
  • Easily transfer your crypto to external wallets


  • No demo account for beginners
  • Due to high-security standards, Wirex app sometimes blocks a user from accessing their accounts

Wirex Fees Overview

Interest rates

16 – 25% APR

Deposit fees


Withdrawal fees

$0 when you withdraw $400 via ATM, fees may apply for higher withdrawal amounts

Minimum amount

No minimum, start with $1 or more

Free Signup

Wirex bridges the gap between the idea of decentralized currencies and the reality of fiat money. Users can configure Wirex cards to work with various cryptocurrencies, and use the card anywhere they accept Visa.

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8. Nuri

The new reality bank app to grow your crypto assets

best crypto interest accounts - NURI
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NURI is a cryptocurrency platform that offers an Interest account to investors. This is one of the best ways to accumulate profits from your deposits.

The NURI platform has a user-friendly interface, and you can easily navigate through it.

The dashboard shows your total balance, recent transactions, and the distribution of your portfolio. You can also view the amount of interest that you have earned for your investments.  

The interest rate on the NURI account varies with market demand, so if you invest in a cryptocurrency that has a high demand, you can earn a higher interest rate than you would if you invested in Bitcoin.

Key Features

  • Save and grow your money
  • Invest cryptocurrencies with ease
  • Earn up to 5% interest rates on your savings plan
  • Pay $1 in trading fees on crypto assets


  • Get started with a €30 deposit minimum
  • The app is so easy to use
  • Get paid up to 5% APR on your savings plan
  • Easily change your Savings plan at any time


  • It only supports EURO and no other currency
  • NURI fees are dependent on current network fees


NURI Overview

Nuri Fees

Minimum deposit: €30

Interest rate: 5% APR

Trading fees: $1

Deposit fee: $1 + network fees

Withdrawal fee: $0

9. Midas Investments

The best crypto interest account to earn passive income

best crypto interest account - Midas Investments
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Midas Investments offers its users a crypto Interest account to earn a weekly dividend with cryptocurrencies.

There are no minimum deposits required and you can invest any amount. This service has a comprehensive list of cryptocurrencies to choose from.

You can even tailor your investments to earn a specific percent profit and reduce the risk by choosing coins with lower volatility.

The service doesn’t charge any fees for deposits and withdrawals, although you do have to pay a fee of 0.0002 BTC to transfer your crypto to a wallet externally.

Key Features

  • Earn 17% APY on BTC, 23% APY on ETH
  • Get 100% profit on crypto assets you invest
  • No lock-ups, no limits. Get rewards paid every day
  • All your coins producing high yields in one place
  • Get profit from the DeFi Yield vaults
  • Tap into the lending a borrowing opportunity


  • Earn the highest yield on cryptocurrency assets (up to 17% BTC APY)
  • Cash out on passive income
  • Join 6,000+ like-minded people on Discord to learn about making money with cryptos
  • Get paid daily, no withdrawal limits or lock-ups


  • Fees for your crypto portfolio is a bit higher (5.8%) compared to NEXO
  • No Insurance cover on your deposits. This could be risky for your funds

Midas Investments Fee Structure

Minimum Deposit

Interest Rates


0.001 ETH

Up to 17% APR

Deposit fee: 0%

Withdrawal fees: $10 – $100 depending on the amount

10. Binance Earn

A leading crypto interest account for security and guaranteed principal

best crypto interest accounts - Binance Earn
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Binance Earn offers you a crypto interest account, which is a convenient way to earn interest from your crypto investments.

This program offers an attractive 35% APR interest for some popular cryptos like Bitcoin and Ethereum.

You can even choose to hold your cryptocurrencies for the long term to enjoy even higher interest rates.

To get the most out of your investments, you should invest in products that offer a fixed deposit option.

Key Features

  • A return on your Principal guaranteed
  • Compound your cryptocurrency holdings
  • Start staking with only 10 USDT
  • Earn high returns in form of new tokens
  • Zero fees


  • Earn interests up to 35% APR (with stablecoins)
  • A wide range of cryptocurrencies to profit from
  • Binance Earn is safe and secure for investors
  • Get started with as little as $1


  • A lock-in period of 1 year
  • The KYC process is the hardest among all crypto exchange platforms

Binance Earn Fees 

Minimum deposit


Interest rates

Up to 35% APR



Best Crypto Exchange For Low Fees
Free Signup

Binance is the world's leading cryptocurrency exchange. Their vision is to increase the freedom of money globally. They believe that by spreading this freedom, they can significantly improve lives around the world

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11. CoinLoan

A better crypto interest account for beginners

best crypto interest accounts - CoinLoan
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CoinLoan is a crypto lending platform that offers a secure and versatile environment for investors.

The service allows users to borrow up to 70% of the value of the collateral and keeps a 30% reserve for market fluctuations.

While it does not offer high rates, it’s a great way to start earning interest on your coins. In addition to its 12.3% APY, CoinLoan also offers flexible repayment terms.

When the collateral values drop below the loan amount, CoinLoan sells the coins immediately and returns the funds to the lending account, including the interest.

Key Features

  • Solid security for your funds
  • The funds are covered by Insurance
  • Borrow, swap, and grow your cryptocurrencies
  • There are no deposit and withdrawal fees
  • CoinLoan is a licensed and regulated company


  • Get paid up to 12.3% APY interest on your deposits
  • Hold your crypto assets and get paid daily
  • Deposit and withdrawal fees: 0%
  • You can easily withdraw your money at any time


  • The customer support can be more responsive
  • The platform requires a learn curve

CoinLoan Fees

Minimum deposit


Interest rates

Starting at 4.5%

Commission fee


COLD crypto storage


Withdrawal fees

$4 – $35 (depending on the volume)

12. Ledn

Best crypto interest account to grow your digital assets

best cryptocurrency interest account - Ledn
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Ledn is a blockchain-based crypto lending platform, offering users a crypto interest account with daily payouts.

A Ledn crypto interest account offers interest rates up to 8.9 – 10.9% on your cryptocurrency. The best part is that there are no minimum balance requirements and no fixed terms.

This means you can withdraw your coins anytime you want. You can also use your account for other investment options.

Depending on your needs and goals, you can create and manage your own account and choose the amount of money you wish to invest.  

Key Features

  • Multiply your Bitcoin funds with B2X
  • Get paid up 8.9% to 10.9% APR
  • Earn interest on your crypto deposits
  • Easy access to dollar loans
  • Get loans to secure more Bitcoin


  • Ledn has a clean and easy to use dashboard
  • Easily earn up to 9.25% interest on Bitcoin in passive income
  • Get paid monthly
  • Increase your earnings with compounding interest rate


  • Interest rates are low compared to NEXO and VAULD
  • It currently supports only Bitcoin (BTC)

Ledn Fees Overview

Interest rates

8.9% – 10.9% APR

Deposit fees


Withdrawal fees

Transaction fees may apply

Minimum amount

No minimum, start with $1 or more

13. Voyager

A beginner-friendly crypto interest account with a clean interface

best crypto interest account - Voyager
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Voyager is a secure cryptocurrency trading app that offers crypto interest accounts to its users.

Voyager offers yields on more than thirty cryptocurrencies. With a minimum monthly deposit/balance of $10, you can start earning interests on your crypto interest account.

Voyager has a user-friendly interface and the highest interest rates in the crypto industry.

The company offers interest rates on 80+ different digital assets and pays out on the 5th of every month.

Key Features

  • Earn up to 9% APY
  • Start trading crypto assets with as little as $10
  • 80+ cryptocurrencies and stable coins
  • Zero fees on trades
  • Trade and profit on the go with the mobile app


  • A clean and simple crypto dashboard
  • Zero fees on all your crypto trades
  • Enjoy up to 9% APY
  • Trade with confidence with FDIC Insurance of up to $250,000


  • No support for coin-to-coin trades
  • The KYC process is hard

Voyager Fees


0% (if Voyager helps you execute your order at the perfect time, it makes money)

FDIC Insured on USD


Account Minimum


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14. Gemini

The best crypto exchange account to build your crypto portfolio

best cryptocurrency interest account - Gemini
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Gemini is a popular crypto exchange platform, with added interest accounts that pay out good yields.

Gemini is available in 60+ countries and has a clean user interface.  

With the Gemini Earn, you can store your crypto and earn interest on it. This allows you to move your crypto holdings to a separate account for earning interest.

You can trade your crypto against another cryptocurrency or withdraw them into fiat. Then, you can redeem your accumulated gains to use them for buying other cryptocurrencies.  

Key Features

  • An easy-to-use digital wallet for users
  • 50+ Crypto-to-Crypto trading pairs
  • Gemini Earn pays up to 7.4% APY
  • A powerful mobile app for both iOS and Android users
  • Peer-to-Peer crypto trading with zero-order size


  • Profit from 50+ crypto assets
  • Use the mobile app to deposit and earn interests on the go
  • Your crypto assets are safe and protected against exchange hacks
  • Gemini is regulated and available in all U.S. states


  • The transaction fee (0.5% – 3.9%) is high, compared to Binance
  • BNB, CRO, and other popular cryptocurrencies aren’t supported

Gemini Fees


$0.99-$2.99 fee for web and mobile transactions between $10 and $200 (1.49% fee for transactions over $200)

Account Minimum


Convenience Fee


Debit card transfers


Free Signup

Gemini is a crypto exchange that allows people to buy and sell Bitcoin, Ethereum and other cryptocurrencies.

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15. Coinbase

best crypto interest accounts - Coinbase
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Coinbase is a trusted crypto exchange and lending platform. With the Coinbase crypto interest account, you can earn up to 5.0% APR on your crypto assets.

You can withdraw funds from your Coinbase wallet to a bank account with ease.

Coinbase has a wide collection of crypto assets you can deposit and interest good yields from.

It’s easy to start using Coinbase. Simply sign up for a free account. Then you need to confirm your age and address. A registered user can verify their phone number by entering a code sent to them via SMS.

Key Features

  • Earn 5% APR on your cryptocurrencies
  • The Coinbase app lets you track your crypto investment on the go
  • 50+ cryptocurrencies to invest in and earn interests from
  • An easy trading interface
  • Next-level security for your crypto funds


  • Get paid up to 5% APR on your crypto assets
  • Coinbase offers an easy process to deposit USD
  • Earn up to $16 free crypto when you sign up
  • Easily schedule daily, weekly, or monthly crypto buys
  • A learning resource center with articles, guides, and videos


  • The fee structure isn’t straightforward
  • Fees are a bit high when compared other crypto interest accounts

Coinbase Fees: A Breakdown

Transaction fee

$0.99 – $2.99

Coinbase Pro fee

0.50% (lower fees)

Interest rates

5% APR

US Bank Account payment

1.49% (conversion fee)

Debit card purchases


Instant Card Withdrawal

Up to 1.5%

16. Outlet Finance

The best crypto interest account app that gives you high yield

best crypto interest account - Outlet Finance
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Outline Finance app offers a rewarding crypto interest account. The platform offers a great way to invest in the future of digital currency.

You can earn up to 9% APR on your crypto deposits.

The best accounts cater to the needs of individual users, including security, privacy, and convenience.

The benefits of investing in these digital assets are countless. One of the best benefits of these accounts is their low risk.

Unlike a bank, you can withdraw funds at any time without a fee. There are several things to keep in mind before making a decision.

Key Features

  • Funds are stored in encrypted wallets
  • Earn interests, up to 9% APR
  • Compounding interests, paid out every month
  • Deposit up to $25k per week
  • No withdrawal limits


  • Outlet has a simple user interface
  • Earn 50% more than a traditional bank account
  • Start earning interest with just $1 deposit
  • Enjoy zero maintenance fees


  • Your interest rates are tied to the performance of a digital asset, not the true value
  • No FDIC coverage

Outlet Finance Fees: A Breakdown

Interest rate

Up to 9% APR

Minimum deposit


Deposit/Withdrawal fees


What Is a Crypto Interest Account?

Crypto Interest accounts are investment vehicles that earn a return for users who hold their cryptocurrencies.

This type of account earns interest when a user with Bitcoin, for example, lends their cryptocurrency, or altcoins, to borrowers.

Unlike a traditional bank or credit union, there is no central authority or bank that makes decisions for you. Most of these crypto interest accounts are managed by decentralized platforms.

You can withdraw your accumulated interest daily, weekly, or at the end of a defined period. However, there are risks involved, as with any type of investment.

Benefits To Open A Crypto Interest Account

Here are some of the main benefits why you should consider opening a cryptocurrency interest account.

1. Attractive interest rates

When you deposit crypto funds into your crypto interest account, you earn interest rates compared to banks and other financial institutions.

That’s why cryptocurrency savings accounts are getting more popular by the day.

best crypto interest rates - Nexo high yield interests
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Studies by Credmark show that the crypto lending and interest account have reached $8 billion as of Q4 2019.

The good news is that most crypto interest accounts charge zero fees or minimal fees.

2. Low transaction fees

Low transaction fees are one of the exciting reasons to get a crypto interest account.

You can sign up with BlockFi or any other crypto platform that offers low or no transaction fees whatsoever.

Traditional banks charge high transaction fees, depending on the type of transaction you’re making. That’s why crypto-based savings accounts are a delight to investors.

3. Earn profits with digital bank accounts

If you do thorough research, you’ll notice that a lot of crypto exchange platforms allow you to use a digital bank account for cryptocurrency deposits, withdrawals, and all of that.

According to Fortunly, 200 million+ people preferred a digital bank account in 2020.

Digital bank accounts are versatile. Crypto investors can take advantage of it to reduce fees, maximize profits, exploit flaws in the cryptocurrency markets to make more money.

4. Global accessibility

You can open and use a crypto interest account from anywhere in the world. You can choose to use any cryptocurrency asset, and the interest rates are often very reasonable.

Whether you live in America, Europe, Asia, or Africa, there’s a crypto exchange platform out there that offers interest accounts to suit your specific investment needs.

How Crypto Savings Account Work

A crypto savings account works in much the same way as a traditional bank account.

It allows account holders to deposit funds in a digital coin and lend it to the institution for use as collateral for loans.

This process is relatively secure because the crypto assets are used as collateral.

Most loan providers require a loan-to-value (LTV) ratio of 50%.

For example, if a borrower wants to borrow $1,000, he will have to deposit $2,000 in bitcoin or any other acceptable coin.

The first advantage of a crypto savings account is its ability to provide an automated means of growing one’s crypto portfolio over time.

Not only can you earn interest on the funds in Bitcoin and other digital assets, but you can also exchange fiat currency for cryptocurrency and vice versa.

This increased liquidity leads to more stable prices for an asset, and the longer people hold it, the more incentives they have to get it into the market.

This helps innovation and adoption.

Pros & Cons of Cryptocurrency Savings Accounts

In this section, let’s briefly talk about the pros and cons of cryptocurrency savings accounts.


  • Earn high-interest rates on your crypto deposits
  • Profit from currency appreciation, and earn passive income
  • Crypto interest rates are often more flexible than bank savings accounts
  • Get paid daily, weekly, or monthly. Only a few exchanges use lock-up terms


  • Most savings accounts are not optimized for tax reporting
  • Deposit and withdrawal fees may be high
  • Most crypto savings accounts are not insured
  • You could lose your crypto deposits

How to Get Started with a Crypto Savings Account

It’s easy to get started with a crypto savings account.

News users may be required to go through an extensive “Know Your Client” (KYC) process to comply with government regulations and prevent fraud.

Some other crypto savings accounts may not require this process — so you can deposit your crypto asset today and start earning interest tomorrow.

Here are some essential details to supply when signing up:

  • Your full name and date of birth
  • Your phone number and email address
  • Your physical address
  • Your Social Security number (for US-exclusive crypto exchanges)
  • A government-issued ID (e.g., passport, driver’s license)

Once the signup process is done, you can log into the dashboard.

Next, add a suitable payment method (PayPal, credit cards, Bank transfer) to deposit funds and start earning interest up to 20% APR.

Crypto Savings Account vs Crypto Wallets

What’s the difference between a cryptocurrency savings account and a crypto wallet?

The main difference between a crypto savings account and a crypto wallet is that the former can earn interest over time.

A crypto savings account will accrue interest — up to 20% APY and will be paid out daily, weekly, or at the end of the loan term.

On the other hand, when you keep your Bitcoin, for example, in a crypto wallet, you’ll have keys that only you have access to, and your cryptos will not earn any interest.

If you stored 10 BTC in your wallet, it’ll remain 10 when you’re ready to withdraw it.

Crypto Savings Account vs a Traditional Savings Account

A Crypto Savings Account (CSA) is an online account where you can invest in popular cryptocurrencies.

These accounts provide a high annual percentage yield and some are backed by the FDIC, which means that your funds will be safe from the risk of losing value.  

A traditional savings account allows you to withdraw money at any time, but a crypto-based account may have withdrawal limits.

Withdrawals are typically limited to a specified period of time. In addition, withdrawal fees may add up if you are a serious crypto trader.

Therefore, it’s important to check your policy before deciding on a crypto-based account.

A crypto savings account requires depositing funds and earning APY (Annual Percentage Yield). The APY varies from account to account, depending on the type of deposit and time of year. 

CoinRabbit, for example, offers 10% APY each month. Although these accounts offer high APYs, they come with inherent risks, including the lack of easy withdrawals.

How to Choose a Reliable Crypto Savings Account

When you’re ready to sign up and start using crypto interest accounts, there are certain factors to consider.

This will completely minimize the chance of losing your money and give you the best interest rates for your deposits.

1. Transparency

A crypto exchange platform that offers a savings account should be transparent, authentic, and safe to use. The best crypto interest accounts are provided by companies that communicate with their users.

All the fees should be specified at the point of signup. Any other charges and conditions must be clear as well.

If there are changes in fees, for some reason, the company should provide helpful updates to its community via Twitter, Discord, or any other platform.

2. Track record

It’s important to know the track record of the interest accounts provider before investing with them.

Do they pay out interests regularly? Has there been consistent growth over time?

What about security breaches? Don’t jump in with your deposits. Start by knowing who is behind the company, and their motivation.

3. Understand insurance

How safe is investors’ funds. When you deposit your crypto to earn interest, will you be compensated if anything goes wrong?

Keep in mind that most deposits in crypto interest accounts aren’t FDIC insured.

That said, your funds should be kept in a thoroughly vetted crypto interest account.

To be on the safer end, stick with a proven and popular crypto exchange platform that offers interest accounts, such as BlockFi, Celsius Network, Binance, and Crypto.com

4. Security protocols

Make sure you understand the security protocols of the platform you wish to invest your crypto funds with.

Hackers are lurking around, so keep your funds safe with a crypto savings account that uses solid security features.

5. Collateralization

When you invest cryptos into your interest account, these digital assets are given out as loans to borrows in exchange for agreed interest rates.

This illustration by Wirex shows how collateralization works:

best crypto interest account - Wirex collateral
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The borrow will secure their loans when they deposit a crypto asset into their account, which should be 2X bigger than the loan value.

This is how collateralization works, and it powers crypto lending. Choose a crypto savings account that uses this proven collateralization method to get loans back.

Start Earning Passive Income with Cryptocurrency

best crypto interest accounts - make money with crypto
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To start earning passive income with cryptocurrency, you need to deposit your funds to the appropriate protocol or platform. Then, you can earn interest.

These earnings are known as APY, or annual percentage yield. These payments are similar to those of a traditional bank account.

The best part about these investments is that they don’t require you to invest much.

You can start by buying a small number of coins and holding them for a few months to see the initial results.

You can also trade these coins and earn interest for several years.

Crypto Savings Accounts – FAQs

Let’s answer some of the frequently asked questions about crypto savings accounts.

A crypto interest account allows users to earn interest on their crypto deposits (up to 20% APY).

Some are safe because they use the latest security measures to protect your funds. But there’s risk involved since most of these interest accounts are not FDIC-insured.

crypto interest rates are high due to a mix of risk, market inefficiencies, and high demand for borrowing cryptos and stablecoins

Most crypto lending companies and platforms are regulated by the government, while others are decentralized and have no third-party control whatsover.

It’s not safe to lend all your crypto assets to borrowers. About 5% of your cryptos should be used for earning interests.

Crypto lending works in the same way as traditional lending organizations. A user invests their Bitcoin or any other crypto asset to earn an interest rate of up to 10% annually.

Crypto banks are not physical banks, they refer to a digital vault for holding digital assets like Bitcoin, Ethereum, etc. Anyone can buy, sell, trade, or earn interests on these crypto assets that have been securely stored.

To open a crypto interest account, visit Celsius Network and sign up for a free account. Fill out the forms and verify your account. Then deposit a cryptocurrency to start earning interest daily.

The best way to earn interest on crypto is by staking and lending your crypto assets on platforms such as NEXO, BlockFi, and VAULD.

Sign up for free with NEXO, deposit your crypto, and start earning interest instantly – up to 20% APR.

Yes, you can earn interest with your crypto savings account when you lend your money to borrows, who collateralized their crypto assets.

DeFi uses decentralized infrastructures, where the financial services are governed by communities rather than single entities, while in CeFi, all operations are managed by an organized body or a group of companies.  

Best Crypto Interest Accounts – Summary

There you have it – my ultimate comparison review of the best crypto interest accounts.

Crypto interest accounts provide a new profitable way to earn interest on crypto assets (such as Bitcoin, Ethereum, DogeCoin) that you have purchased.

Don’t just choose any crypto platform, I have provided the best crypto interest accounts that pay out great interest rates for your deposits.

Here are my final recommendations:

  • Nexo – Best for high interest rates (up to 20%)
  • VAULD – Best for beginners
  • Celsius Network – A better crypto exchange for high-yield stablecoins
  • Binance Earn
  • Hodlnaut – A better option to earn good yields on your BTC, ETH
  • BlockFi – Best for businesses and traders

Now I’d like to turn it over to you:

What crypto interest accounts do you want to use?

Did I miss out on your favorite crypto interest account platform here?

Either way, let me know by leaving a quick comment below right now.

Further reading on navidm.com: To dive deeper into the world of cryptocurrency, you can check out my in-depth guides to the best cryptocurrency exchanges, the best crypto lending platforms, as well as the best crypto tax software.

If you are interested in NFTs, be sure to check out my complete guides to the best NFT marketplaces and best NFT wallets.

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