7 BEST Crypto Savings Accounts [Earn HIGH APY Interest] 2022

cryptocurrency-savings-earn-interest
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Storing your cryptocurrency in a high-yield cryptocurrency savings account can certainly earn you some passive income in the form of HIGHER crypto interest.

These crypto savings accounts are offered by many platforms and exchanges alike. They all have similar features, i.e. you deposit your crypto funds with them, and you earn crypto interest (APY/APR rates) offered by them. These platforms will then lend your crypto out to borrowers for a specified time period with the agreed interest. The platform earned from that borrowed interest while giving you a small portion of it (your APY rates).

When loaning out your crypto funds, always look at the APY rates (not the APR rates) because it takes into account compounding interest, which is relevant to us.

Similarly, Crypto exchanges typically have the “Earn” feature. Users will commit (locked) a specific portion of their crypto assets to the exchange for a specified period while earning crypto interest. In addition, the exchange will loan the crypto out in various ways, such as via borrowing/margin services, also offered within the same exchange for its users.

This article will focus on the APY interest rates offered by crypto lending & savings account platforms. These are all non-exchanges offerings.

How to choose a suitable cryptocurrency savings account?

When deciding on a crypto savings account, you should be looking at the following criteria;

a) APY Interest rate – Refers to annual percentage yield. Generally, the higher, the better your returns.

b) Withdrawal terms and fees – The lower, the better. For example, some platforms offer high APYs, but you need to pay high withdrawal fees.

c) Safety of the platform – The reputation and the security of the crypto savings platform to that we entrust our crypto assets.

Which are the BEST Crypto Savings Accounts available now?

A comparison table for each crypto savings account and their APY interest rates are as follows;

S/noCrypto PlatformNo. of Supported CoinsInterest Rates (APY)
1MyConstant13+14% APY for USDC and USDT
4% APY for the rest of the supported coins/tokens
2Hodlnaut8+5.3% APY for BTC
5.4% APY for ETH
9.4% APY for USDC and USDT
and many more.
3BlockFi19+3% APY for BTC
10% APY for SOL and ADA
7.25% APY for USDT
and many more.
4AAX30+4% APY for BTC and ETH,
6.5% & 6.35% APY for USDC and USDT respectively
and many more.
5Ledn25.25% APY for BTC
7.50& APY for USDC
6Vauld100+6.70% APY for BTC and ETH
12.68% APY for USDT and USDC
and many more
7Pokket17+4.00% APY for BTC and 4.50% APY for ETH
9.00% APY for USDT and USDC
and many more.
APY interest rates are constantly changing, and this article will regularly keep up with the latest figures. The information and rates reflected here are as accurate as this blog post’s time.

1. MyConstant

myconstant-cryptocurrency-savings-interest-apy-apr-lending-borrow

Started in 2019 and headquartered in California, MyConstant is a global P2P cryptocurrency and USD lending platform. It has satellite offices in Southeast Asia with an international team of engineers, creatives and economists.

When you lend your crypto to MyConstant, the company provides liquidity to Decentralized Exchanges (DEX) such as Incognito and swapping partners. In addition, you earn a portion of the trading fees in the form of the APY interest rates offered to you. APY Interest is compounded and paid every second, giving you immediate returns.

Crypto Savings Interest Rates

14% APY for both USDC and USDT.

4% APY for the rest of the supported coins/tokens.

Supported Coins/Tokens

Currently supports over 13+ coins/tokens. Some of them are Basic Attention Token (BAT), Bitcoin Cash (BCH), Binance Coin (BNB), Bitcoin (BTC), DAI, Polkadot (DOT), Ethereum (ETH), Chainlink (LINK), LiteCoin (LTC), Polygon (MATIC), Solana (SOL), USD Coin (USDC), Tether (USDT).

Withdrawal fees

There are no transactional or withdrawal fees involved. However, users have to pay for their own network or gas fees incurred by their own wallet or exchange.

Safety of the Crypto Platform

MyConstant Guarantee is an internal measure of the company’s financials and is intended to mitigate a portion of risk and offer some reassurance while lending cryptocurrency to decentralized exchanges. However, this is not a form of insurance, and users should practice caution and portfolio diversification.

Is It Worth the TRY

The company is relatively sound and well-known in the industry. The 14% APY for USDC and USDT is among the highest interest rates. However, the 4% APY for the other supported cryptos is generally acceptable.

To start your crypto savings account, register with MyConstant; select the <Invest> menu on the main homepage and click <Lend Crypto>. Choose your coin/token, and the page will show your deposit address. Transfer your crypto from your wallet/exchange to MyConstant, and you can begin earning your APY interest quickly.


2. BlockFi

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Note: As of 15 February 2022, new BIAs accounts are only available to non-US residents. If you are an existing BIA account holder from the US before this date, you can continue to earn interest in your account; however, you can no longer add assets.

Founded in 2017 and headquartered in New York, U.S, BlockFi provides financial services to individuals and businesses worldwide and in all 50 U.S. states. Some of BlockFi’s offerings include interest-earning accounts, low-cost USD loans secured with crypto and fee-free trading.

BlockFi Interest Account (BIA) is a crypto savings account that allows users to deposit their crypto and earn high interest while storing it with the platform.

Crypto Savings Interest Rates

  • 3% APY on BTC, ETH, BCH, LINK
  • 10% APY on ADA and SOL
  • 7.25% APY on USDT
  • and many more.

Supported Coins/Tokens

BlockFi currently supports over 19+ coins/tokens; some of them are Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), Polkadot (DOT), Dogecoin (DOGE), Avalanche (AVAX), Polygon (MATIC), Cosmos (ATOM), Litecoin (LTC), Chainlink (LINK), Algorand (ALGO), Bitcoin Cash (BCH), UniSwap (UNI), Filecoin (FIL), Basic Attention Token (BAT), Tether (USDT), Dai (DAI) and PAX Gold (PAXG).

Withdrawal fees

Withdrawal fees vary for each type of cryptocurrency. For example, the fee is 0.00075 BTC for Bitcoin withdrawal and 0.015 ETH for Ethereum withdrawal.

Safety of the Crypto Platform

Registered in the U.S and having offices all over the states, the company is trusted by 1M+ verified clients and 350 global institutions to manage $10B in crypto assets. In addition, BlockFi is the only independent lender with institutional backing from big-name investors in the crypto space; that include Valar Ventures, Winklevoss Capital, Galaxy Digital and Akuna Capital. 

Is It Worth the TRY

BlockFi is well-recognized in the DeFi space. On 14 February 2022, BlockFi announced that it had reached a resolution with the Securities and Exchange Commission (SEC) and state securities regulators to start the registration process for the offering of BlockFi Yield (similar to BIA). It will be the first SEC-registered crypto interest-bearing security if eventually approved.

To start your crypto savings account, register with BlockFi, log in and select <Interest Account>. Fund your wallet using <Crypto Transfer> if you have cryptos elsewhere and plan to transfer them to BlockFi, or use <Wire Transfer> to transfer USD from your bank account to purchase stablecoins like Tether (USDT).


3. Hodlnaut

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Founded in 2019, Hodlnaut is a Singapore-based platform that provides innovative financial services for individual investors who can earn interest on their cryptocurrencies. The main feature is their Crypto Interest account which offers an open term deposit without a lock-in period.

Crypto interest is earned immediately after depositing your cryptocurrencies into your Hodlnaut account. The total sum of the interests is calculated daily, compounded weekly, and paid out every Monday at 5 PM (GMT +8).

All you need to do is deposit your coin/token, earn compound interest on your asset, receive payouts, and withdraw funds anytime you want since there is no lock-in period. In addition, there is one free withdrawal per calendar month.

Crypto Savings Interest Rates

  • 5.3% APY for BTC and ETH
  • 9.4% APY for USDC and USDT
  • and many more.

Supported Coins/Tokens

The platform currently accepts deposits in BTC, ETH, WBTC, LUNA, USDC, USDT, DAI, and UST.

Withdrawal fees

Withdrawal fees vary for each coin/token. For Bitcoin, it is 0.0004BTC. For Ethereum, it is 0.0036ETH.

Safety of the Crypto Platform

Hodlnaut is a certified FinTech by the Singapore Fintech Association, an accreditation recognized by the MAS (Monetary Authority of Singapore), the Central Bank of Singapore. In addition, Hodlnaut has received an in-principle approval (IPA) for a Major Payment Institution License in Singapore from MAS under the Payment Services Act (PS Act) for its Token Swap feature.

Is It Worth the TRY

The company is regulated and has a headquarters in Singapore. It also has another office in Hong Kong. The APY rates offered are in the higher range when compared with the other crypto savings platforms. This means the interest rates for each coin/token are good.

To start your crypto savings account, register with Hodlnaut, log in and on your main homepage, click on the <Deposit/Withdrawal> menu to deposit your crypto assets. Once done, go to the main homepage again and click on <Statements>. Your crypto in the savings account will be reflected here and the interest earned.


4. AAX

aax-cryptocurrency-savings-account-apy-apr

Launched in Nov 2019, AAX is registered and headquartered in Singapore. It is the world’s first crypto exchange to be powered by LSEG Technology’s world-renowned matching engine, promising speedy trading transactions.

Some of the features of AAX include BTC/ETH futures, spot trading, buying & selling of crypto and crypto savings account.

Crypto Savings Interest Rates

APY rates vary for each coin/token. For example;

  • 4% APY for BTC and ETH,
  • 6.5% APY for USDC and
  • 6.35% APY for USDT
  • and many more.

Supported Coins/Tokens

AAX supports over 30+ coins/tokens, including BTC, ETH, ZEC, BAT, LTC, XRP, XLM, OMG, ZIL, LINK, etc.

Withdrawal fees

Withdrawal fees vary for each coin/token. For Bitcoin, it is 0.0004 BTC. For Ethereum, it is 0.005.

Safety of the Crypto Platform

AAX is Cryptocurrency Security Standard (CCSS)-compliant, a universally recognized benchmark for crypto platform security. The platform’s wallet uses a proprietary multi-currency wallet system, which is multi-signature and with no single point of failure. Most digital assets on the exchange are held in cold storage or secure offline storage facilities as an added protection from cyber attacks. In addition, there are measures in place to protect users’ accounts, such as two-factor authentication.

Is It Worth the TRY

Most digital assets on AAX are held in secure offline storage facilities, leveraging industry-standard encryption technologies across multiple tiers. Sensitive information is also disconnected from the Internet.

To start your crypto savings account, register with AAX; on the main homepage, select <Finance> and click on <Savings>. Choose between <Fixed> or <Flexible> deposit term and deposit your crypto funds onto the wallet.


5. Ledn

ledn-cryptocurrency-savings-account-apy-apr

Founded in 2018, Ledn offers its users Bitcoin (BTC) and USDC savings accounts. The company is a Toronto-based team in partnership with Genesis Capital, a large digital asset lender that requires no minimum deposit amount to start earning crypto interests.

Crypto Savings Interest Rates

  • 5.25% APY for balances up to 0.1 BTC and an additional 2% APY for balances over 0.1 BTC
  • 7.50% APY for USDC (no tier)

Supported Coins/Tokens

Only two (2) coins are supported. Bitcoin (BTC) and USD Coin (USDC).

Withdrawal fees

There is no withdrawal fee for Bitcoin (BTC), except for the miners’ fee on the Bitcoin blockchain. For USDC, there is a 35 USDC fee per withdrawal.

Safety of the Crypto Platform

The platform site uses HTTPS, passwords, and sensitive information is encrypted using the AES-256 algorithm. Their processes are regulated by strict internal security policies, including the use of 2FA additional security measures. Additionally, Ledn stated that they do not sell customers’ data or store this information locally.

Is It Worth the TRY

The company raised $3.4 million in seed funding in 2021 and is looking to expand further in terms of resources and services. The APY rates offered for booth BTC and USDC are generally acceptable compared to other competitors.

To start your crypto savings account, register with Ledn, select <BTC Savings> or <USDC Savings> and start depositing your funds into the wallet.


6. Vauld

vauld-cryptocurrency-savings-

Launched in 2018, Vauld is a lending platform with its headquarters in Singapore and a product & tech office in India. The company run a lean, agile team of business managers, engineers, designers and product managers.

The company enables customers to buy, lend, borrow and trade crypto assets from their platform. Besides offering their crypto savings account (fixed deposit feature), they also provide crypto swapping and trading features.

Crypto Savings Interest Rates

APY rates vary with each coin/token. For example, it is 6.70% APY for Bitcoin and Ethereum and 12.68% APY for USDT and USDC.

Supported Coins/Tokens

Vauld currently supports over 100+ coins/tokens, including BTC, ETH, BAT, SOL, USDT and USDC.

Withdrawal fees

There is no withdrawal fee except for the transaction/miner fees required by the blockchain.

Safety of the Crypto Platform

Vauld is a lending platform that moves your cryptos to a centralized lending pool BitGo, from which they give loans to borrowers. BitGo manages the crypto funds through a multi-signature system. The funds are also insured for 100 million dollars against potential threats.

Is It Worth the TRY

Vauld has its own seed investors from the crypto and finance community. One of which is Pantera, a Singapore-based crypto venture capitalist.

To start your crypto savings account, register with Vauld, deposit your funds there and choose <Fixed Deposits> to start earning crypto interests.


7. Pokket

ledn-cryptocurrency-savings-account-apy-apr

Founded in 2019 and registered in Seychelles, Pokket offers users simple, straightforward crypto savings accounts. You can gain interest on your crypto assets over a fixed 14, 30, 90-day term or fully flexible basis.

The founding team at POKKET consists of world-class professionals, e.g. from Citigroup, GE, JPMorgan, Morgan Stanley, Microsoft and Nomura. The team has bases in Hong Kong, Tokyo, and Ulaanbaatar.

Crypto Savings Interest Rates

APY rates vary for each coin/token. For example, Bitcoin is 4.00% APY, and Ethereum is 4.50% APY.

Supported Coins/Tokens

They are currently supporting 17 coins/tokens: BTC, ETH, BNB, LINK, USDT, USDC, BUSD, TUSD, EURT, XRP, AVAX, AXS DAI, DOT, FTM, SAND and SOL.

Withdrawal fees

There are no withdrawal fees. However, users will have to pay their own network/transaction fees incurred by the blockchain.

Safety of the Crypto Platform

All user cryptocurrencies are held in cold wallet storage when POKKET receives them. This requires multiple in-person checks to move funds out of this wallet. In addition, signatories of this wallet are dispersed geographically to mitigate single jurisdiction risk.

Pokket takes full advantage of Amazon Web Services’ security in terms of infrastructure. For example, all systems require multiple forms of authentication to access, while individual systems cannot communicate with each other except across approved and heavily monitored channels.

Is It Worth the TRY

Pokket work with third parties to lend tokens by charging these companies for fees, not from Pokket’s customers who have savings accounts with them.

Register with Pokket and deposit your funds to the wallet to start your own crypto savings account. After which, select your <Lending Token> and start earning crypto interest.


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