How to Earn Interest on Crypto – Best Options

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If you are a long term holder of cryptocurrencies you could lend out some and earn great interest rates on your holdings.

As I write this regular banks pay nearly zero in interest rates around the world. When it comes to cryptocurrencies on the other hand, you can earn in excess of 10% APY, depending on how you decide to invest your cryptos.

List of the best lending platforms:

  • YouHodler – High stablecoin interest rates. Not for the US.
  • Crypto.com – One of the most popular crypto websites.
  • Celsius – Great interest rates for lots of cryptocurrencies.
  • BlockFi – Popular borrowing and lending website.
  • OKEX – One of the most popular crypto websites.

YouHodler

YouHodler is a popular crypto company. They offer borrowing and lending. You can borrow against your cryptocurrency holdings or earn interest by using their services.

As for borrowing, they allow you to put up a wide range of cryptocurrencies as collateral and you can borrow either in USD or EUR.

When it comes to earnings interest, you can get 12% APY on your USDC or TUSD, 5.5% on ETH, 4.8% on BTC, and various other rates for other cryptocurrencies. Note though that these are the rates at the time of writing this article and might change at any time.

You’ll find a calculator on their website you can use to calculate your earnings by depositing various cryptocurrencies and amounts.

Crypto.com

Crypto.com is one of the most famous crypto websites. They offer a range of features, including borrowing and lending.

At the time of writing this, you can earn up to 8.5% interest on your crypto and up to 14% interest on stablecoins.

You’ll find a calculator on their website you can use to calculate your earnings by depositing various cryptocurrencies and amounts.

Celsius

Celsius is a hugely popular player in the crypto space, according to its Alexa website traffic statistics. They allow both international and US persons to earn interest on their cryptocurrencies. The rates are slightly lower for US persons though. I don’t know if this because of excess regulatory requirements or something else. Anyways, you can still get great interest rates in the US.

For stablecoins they offer up to 8.88% for the US and up to 11.21% for international investors.

They offer even higher rates for some cryptocurrencies. Like 17.78% for Synthetix (SNX) and 13.30% for Polygon (MATIC). Slightly less in the US.

BlockFi

BlockFi is another very popular player in the crypto space. They offer interest earning deposit accounts, trading accounts, and crypto-backed loans.

At the time of writing this, you can earn up to 5% interest on BTC, 8.6% on GUSD and USDC, and 4.5% on ETH.

OKEX

OKEX offers a wide range of products to let you earn interest on your cryptocurrency holdings.

You can choose between savings, C2C loans, Sushiswap, Compound, staking, term deposit, and more. The highest estimed APY you can get here is over 21%.

Also, check out

You can also earn money by staking cryptocurrencies. This might be a bit more risky but you could also earn higher rewards from it.