4 Best Places To Earn Interest On Crypto

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Based on our reviews, these are the best places to earn interest in crypto:

1. Binance (best overall crypto interest platform)
2. Nexo (Best interest platform for reputation)
3. Crypto.com (best crypto savings account app)
4. Coinrabbit (top interest platform for zero fees)

Crypto Interest Accounts Compared

EXCHANGE	CRYPTO ASSETS	TRADING FEES	RATING	PROMOTION	WEBSITE	REVIEW
Binance Earn	397	0.1%	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.7 / 5	Up to $100 welcome bonus	Visit Binance Ea…	Binance Earn Rev…
Nexo	72	0.99%	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.7 / 5	Get $25 in Bitcoin when you top-up or buy >$100	Visit Nexo	Nexo Review
Crypto.com	288	0.075%	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.2 / 5	None available at this time	Visit Crypto.com	Crypto.com Revie…
Coinrabbit	3	N/A	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.1 / 5	None available at this time	Visit Coinrabbit	Coinrabbit Revie…

Best Sites To Earn Interest With Crypto

1. Binance – Best Overall Place To Earn Crypto Interest

Binance is our top pick to earn interest based on our testing with the introduction of ‘Binance Savings'. It's the most stable and largest platform in the industry that caters to various types of investors looking for a crypto savings account. Moreover, the interest rates are highly competitive in the industry, and there's also a $100 free bonus when using a unique Binance referral code.

The Binance Savings account allows you to potentially grow your wealth by accruing interest on your crypto that is stored in a cold storage wallet on the platform. Essentially, you’re lending your assets to margin traders on the platform, and they pay interest to you in return for borrowing your funds. The Binance Savings/Interest account supports a wide variety of lending options, including major digital currency coins such as Bitcoin (BTC), Ethereum (ETH), Binance USD (BUSD), and earning interest on USDT.

Users can either choose from a Fixed Deposit or a Flexible Deposit which provide slightly different crypto interest rates, as shown below. A flexible deposit allows you to withdraw your funds at any time at a variable rate. This type of interest account will appeal to traders who want to earn interest on their crypto portfolio while waiting for a trade setup.

Read our full Binance review.

2. Nexo – Best Crypto Interest Platform For Reputation

Nexo is next on the list which offers a high-interest account where you can earn up to 10% p.a. interest on Bitcoin, crypto, stablecoins, and fiat currency. One of the major drawcards of the lending service is that it's trustworthy, licensed, regulated, and insured up to $100 Million against theft with BitGo. Moreover, Nexo is highly available to investors with 40+ supported fiat currencies and is accessible in 200 jurisdictions worldwide.

Nexo allows investors to earn interest on 32 supported digital assets with daily interest payouts.

Since its launch in 2017, Nexo has processed more than 1.5 billion dollars from over 800,000 users in more than 200 jurisdictions across the globe and supports over 40 fiat currencies. It has gained widespread popularity as an alternative crypto investment method and storage option for individuals and companies to leverage additional financial benefits for borrowers and lenders.

Interest in a Nexo savings account is paid out daily which allows the savings account to compound and grow rapidly. For example, those looking to earn interest on Ethereum can get up to 8% APY with the interest paid daily. This makes the Nexo interest account superior to other platforms which have monthly interest payments and a reduced compounding effect.

Asset	Interest Rate
USD	10% APY
EUR	10% APY
GBP	10% APY
USDT	10% APY
TUSD	10% APY
USDC	10% APY
BTC	6% APY
ETH	6% APY
ADA	6% APY
SOL	6% APY

Nexo has recently doubled its crypto interest rates across its supported digital assets and brought the interest rate up to 6% APY, which previously ranged between 4% and 5% on cryptocurrency assets. Users can also earn an additional 2% when paid out in NEXO tokens. For example, an interest account with USD can earn 12% APY when paid out in the platform's native token.

Users who provide liquidity to the Nexo.io platform by depositing and storing their fiat and crypto assets with Nexo are eligible to register for a savings account. Funds from the wallet funds can be accessed at any time allowing users to withdraw funds to a top cryptocurrency wallet of choice.

Read our full review on Nexo.

3. Crypto.com – Best Crypto Savings Account App

Crypto.com is a trusted and reliable crypto company with more than 50 million users worldwide. With its seamless mobile app, Crypto.com Earn is one of the more user-friendly apps to earn interest on a mobile device where interest accrues daily.

Interest earnings accrued are credited to your wallet every 7 days and paid out in the same currency as the deposit. For example, if you deposit BTC, you will bring in interest that will be paid out in BTC. You can have multiple deposits to accrue interest for different cryptocurrencies in your wallet.

Crypto.com app users can stake the platform's MCO token to earn higher interest rates as listed below. As these rates can change often, we suggest checking the rates on the app before creating an interest account.

Read our detailed Crypto.com review.

4. Coinrabbit – Top Interest Account For Zero Fees

Coinrabbit is a platform for individuals to obtain instant crypto loans or earn interest on crypto deposits. The main pro we picked is the user-friendly design that will a wide range of people. The workflow to creating an account and depositing funds to earn interest or get a loan in under 10 minutes. 

Moreover, there is no KYC or document upload process which streamlines the account creation process. Customers will only be required to complete an ID verification stage if Coinrabbit's risk-control system terminates the transaction due to suspicious activity.

Related: What are the best no-KYC crypto platforms?

Coinrabbit offers an interest account similar to the other lenders in this article. To start earning interest on stablecoins, users can deposit the desired amount of funds which will activate the savings account in a few minutes. Deactivating savings accounts and withdrawals works similarly. The interest payments are paid out monthly with no recurring fees and can be withdrawn in full or partially at any time.

This means investors can deposit funds to earn interest without limitations or lock-up periods. At the time of writing, the supported coins that are eligible for 10% APY are earning interest on stablecoins such as USDT and USDC.

In short, Coinrabbit is a great choice for investors who are holding stablecoins to earn interest during a bear market or decline. The funds can then be moved to a trading platform to purchase crypto at the right time. The option to deposit crypto back to Coinrabbit to obtain a loan is a good investment vehicle to never sell crypto.

Read our full Coinrabbit review.

How To Earn Interest In Crypto

To earn interest on crypto, Bitcoin and stablecoins, follow these steps:

1. Register with a crypto savings platform such as Binance
2. Complete the signup registration process and verify the email
3. Go to the top menu and click on ‘Deposit'
4. Select Bitcoin, crypto or stablecoin to deposit
5. Transfer crypto to the wallet address
6. Earn compound interest on Bitcoin & crypto deposit

Frequently Asked Questions