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What Are The Best Crypto Interest Accounts?

According to the FDIC, the average national interest rate on savings accounts in the US is currently 0.06%. But Crypto Savings Accounts are offering up to 12% backed by Stablecoin.

Instead of keeping your money in a conventional bank where it will not yield any gain, you should consider a crypto savings account?

Depending on the platform and the type of cryptocurrency you are willing to save, you can earn up to 12% APY from a Crypto savings account.

However, there are many crypto interest account platforms, and choosing the right one for your need is paramount.

Plus: This is an entirely new industry and if you’re not careful, you could lose it all. Keep reading to find out how to safely earn interest on Crypto. (Remember, this is for fun, not advice)

What Is A Crypto Savings Account?

Like a conventional bank, a crypto savings account accepts deposits from individuals and gives back with interest. In crypto savings, you deposit cryptocurrency you are holding to an exchange or a lending platform, which in turn lend the deposit to institutional investors and pay you back with interest. It is a way of earning passive income through digital currencies like Bitcoin, Ethereum, Litecoin, Pax Gold, and USD Coin.

The difference between a traditional savings account and a crypto savings account is that your virtual asset will be deposited instead of saving fiat currency like the US dollar. In addition, despite the variation in the interest rates of different platforms offering crypto savings account, the APY on a crypto savings account is high compared to that of a conventional bank. Simply put, a crypto savings bank accepts digital assets from holders and lends them out mostly to institutions. The owners of the digital assets enjoy interest on their cryptocurrency while borrowers pay certain rates on their crypto loans.

How Secure Is A Crypto Savings Account?

Considering the yield accrued on interest account, they are more attractive than the traditional saving account. For instance, you can earn as high as 9.5% interest on the BlockFi interest account. Nevertheless, risks associated with a crypto savings account cannot be completely avoided but can be reduced to the minimum. While many crypto banks boast of insurance, the terms set on some crypto savings platforms make it highly likely for customers to lose money if there is a cyberattack on the platform. Popular crypto savings platforms like BlockFi hold customers’ money on cold storage, but this does not apply to others like Nexo.

Crypto Savings Account


Some crypto savings account provides security features like 2FA, address allow listing and withdrawal confirmation, and keeping a portion of custodial assets with third-party platforms. All these protections cannot be as secure as that of Federal Deposit Insurance Corporations (FDIC) provided by traditional banks. In other words, a security risk is a primary concern of centralized savings account providers as the wallets holding the cryptocurrency are susceptible to hacking. Similarly, the DeFi savings platform, which automates lending and interest payment, is not exempted from security risks. There can be issues with the smart contract due to its high level of decentralization.

You can minimize the security risk involved with crypto savings by ensuring that you carry out your research before saving your crypto asset. Choosing the most secure crypto savings account will mitigate this. Do not risk what you cannot afford to lose.

 What Are The Highest Crypto Bonuses Right Now?

The purpose of a crypto bonus is to attract new users to sign up with a crypto exchange and encourage the active participation of existing account holders. Crypto bonuses are ways of earning free cryptocurrency for using services provided by an exchange. For instance, you can earn cryptocurrency and cashback as rewards for using a crypto exchange credit card for making transactions with credit cards from Crypto.com, BlockFi, Gemini, Celsius, and Coinbase.

Furthermore, there are sign-up and referral bonuses for users on crypto exchanges. Although different platforms have peculiar terms and conditions that users must meet to enjoy the bonus, many crypto exchanges offer bonuses when you open an account and stay active for some days.


Currently, BlockFi trumps other crypto platforms when it comes to bonuses and rewards. The platform offers up to 250% tiered bonus in Bitcoin to users who register using referral code and fund the account they open. There are other conditions attached to the bonus which are subject to change. More importantly, the table below shows the tier structure of the promotion:

Tier Balance Maintained Payout in BTC
Tier 1 USD100-USD1,499 USD15
Tier 2 USD1,500-USD19,999 USD20
Tier 3 USD20,000-USD39,999 USD40
Tier 4 USD40,000-USD74,999 USD75
Tier 5 USD75,000-USD99,999 USD100
Tier 6 USD100,000 and above USD250


  • Celsius

You can earn USD40 in Bitcoin when you sign up and deposit USD400 or more with Celsius. In addition, users can enjoy 10% or more on about ten coins on the lending platform.

  • Gemini

Gemini offers new users USD10 in Bitcoin when they sign up. To qualify, a newly registered user must trade at least USD100 within the first 30 days of registration.

  • Crypto.com

New users can enjoy a 50% bonus paid in the native token of Crypto.com, CRO when they register. Crypto.com also offers a range of bonuses and rewards that regularly change in terms and conditions. You can get up to 8% cashback when you buy with a Crypto.com Visa card.


Most secure crypto savings account- Gemini

Some of the best crypto savings account out there like Gemini, BlockFi, Coinloan, Celsius, and Youhodler make security a paramount aspect of their operations.


As a cryptocurrency exchange, Gemini ensures the security of all assets in their custody. Gemini savings account is known as Gemini Earn, and the platform operates based on three core mandates:

  • Defending against external security
  • Protecting against human error
  • Guarding against misuse of insider access

Gemini uses “air-gapped cold storage” to safely keep assets at their disposal to store a sizable portion of digital assets offline. In contrast, the remaining virtual asset is stored in an insured hot wallet. It is important to note that the Gemini Earn assets are not insured, but the platform put other security measures in place.

In addition, Gemini has a level of transparency in the security of crypto assets as users are encouraged to suggest an upgrade.

Looking for a secure crypto savings account? Here is a comparison table of major crypto savings account platforms: Coinloan, Gemini, BlockFi, Youhodler, and Celsius.

PlatformCold storage2FAAllowlistingInsuranceThird party storageBug Bounty

Most Stable Crypto Savings Account

The current market rate determines the interest you earn on your crypto savings account. Cryptocurrency savings account regularly update their rate to reflect the prevailing digital asset price. Some crypto savings accounts like Linus allow users to save in fiat currency. They convert to a digital asset on behalf of the investor and then pay back in fiat when the investor wants to withdraw their funds.

Highest Daily Interest On A Crypto Savings Account- Nexo

You can earn compounding interest on Crypto savings account daily, weekly, or monthly. The lock-up time of digital assets varies depending on the platform. While some crypto savings accounts only allow you to realize interest after depositing for a specified period, Nexo pays interest daily.

You can earn as high as 12% APY on Nexo Earn with your crypto asset. To get a higher yield, you can convert your asset into NEXO token.

Oldest Crypto Savings Account

BlockFi and Nexo are two of the oldest crypto savings account. Founded by Zac Prince and Flori Marquez, BlockFi began to offer crypto lending services in January 2018. BlockFi offers users monthly interest payments on their cryptocurrencies and rewards and bonuses to both new and existing users.

On the other hand, Nexo is a fintech company founded in 2017 by Antoni Trenchev, Georgi Shulev, and Kosta Kantchev. Established as a cryptocurrency lending platform, Nexo prides itself on being the world’s first crypto-backed loan provider.

What Crypto Do We Need To Own To Earn The Highest Yield?

The type of cryptocurrency that accrue the most interest differ across platforms; however, major cryptocurrencies like Bitcoin and Ethereum yield the lowest interest in many crypto savings account. Stable coins like USD Coins and USDT that are pegged to fiat currencies yield high rates. There are always risks involved in the crypto investment, and there are peculiar rates for different platforms.

Still, stable coins have less volatility and more rewards, especially for investors with low-risk appetites. Most importantly, most crypto savings account providers allow a limited number of crypto assets. Before you can save less known assets, you need to convert them to the accepted ones on the platform you choose.

Final Thoughts

Crypto interest accounts undoubtedly offer impressive yields compared to a conventional savings account, and there are certain risks involved. However, the higher the risk, the higher the rewards, so do not be daunted by the risk. Only save what you can afford to lose and carry out your due diligence before signing up with any crypto savings platform.

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