We can all agree that 20đôi mươi has been a challenging year. Bachồng in March last year, the cryptocurrency and legacy markets went downhill due khổng lồ the COVID-19 pandemic. Things have sầu been picking up with bitcoin reaching $12,000 in August, a significant jump from the $3,600 price plunge. Towards the end of 20trăng tròn, Bitcoin made a comeback, reaching a new all-time high of $trăng tròn,000 và as of early February 2021, it has doubled to lớn over $40,000. It is certainly an impressive sầu rally for cryptocurrency. However, economies around the world are still scrambling albeit slowly bouncing bachồng with government interventions. The Covid-19 pandemic is not over and it continues to create volatility in the global markets.

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In times lượt thích these, cryptocurrencies such as Bitcoin still stvà out as valuable financial assets despite the tumultuous year. The outstanding growth and the recent record-breaking all-time highs have proven that Bitcoin is solidifying its position in the financial world. It is a non-inflationary digital currency that’s not governed by individuals or corporations but a protocol. As rumors about legacy markets reaching negative sầu interest rates, it’s time for Bitcoin investors khổng lồ keep preserving their assets and increase productivity by lending their assets and earn interest in the process.

Cryplớn lending is a type of trade where you lend out your cryptocurrency và earn interest from it. The trade is facilitated by cryplớn lending platforms that accept deposits of different cryptocurrencies like Bitcoin, Ether, or Stable Coins with some interest in return. The Bitcoin lending interest rates vary but often very competitive sầu, with some offering up to 12% on Annual Percentage Yield (APY). These platforms also often loan the assets with collateral, usually with crypto lớn, and thus called crypto-backed loans.

If you’re thinking about growing your crypto assets through crypto lending, here are five sầu crypkhổng lồ lending platforms that worth considering.

#1 Hodlnaut

Started by two entrepreneurs và self-proclaimed Bitcoin maximamenu out of Singapore in March 2019, Hodlnaut is a platform that provides financial services for individual investors. Through the platform, users can earn favorable interest in their cryptocurrencies by lending them to lớn margin traders, who would otherwise struggle lớn access crypto loans.

The interest rate for BTC is 6% (effectively 6.2% annually), 6.5% for ETH (effectively 6.7% annually) and 8% (effectively 8.3% annually) for DAI, USDC & USDT. There are no minimum deposits or lock-in periods, và users can withdraw anytime. Hodlnaut is one of the emerging players in the crypto lớn lending platsize market that aspire khổng lồ be the leader in the industry.

Read Hodlnaut Review



#2 YouHodler

Hailing from Switzerl&, YouHodler is an EU company that focuses on crypto-backed lending with fiat loans option. The platkhung provides USD, EUR, CHF, GBP., EUR, và stablecoin loans, with collaterals in BTC, ETH, XRP, & other major cryptocurrencies.

It’s good to lớn note that if you don’t have the crypto that you wish lớn deposit & earn interest from, you can convert from another cryplớn that you have sầu or fiat currency.

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YouHodlers is offering interest rates for stablecoins up to 12% a year (4.8 for BTC annually) và supporting four fiat currencies, 7 stablecoins, and 15 cryptocurrencies.

Read YouHodler review

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#3 BlockFi

Founded in 2017, BlockFi aims lớn be the most trusted financial services provider in the cryptocurrency market. The company prides itself on being on top of their game by providing market-leading rates with institutional-chất lượng benefits. Their interest account allows users lớn earn up khổng lồ 8.6% annual interest rate on BTC, ETH, LTC, USDC, GUSD, và PAX. Users will be able lớn buy stablecoins with fiat currency of their choice và deposited inlớn the interest tài khoản khổng lồ start earning interest.

One exciting feature from BlockFi is the Interest Payment Flex. It allows users khổng lồ select the currency of the interest payments and diversify their portfolio without buying additional cryplớn assets.

BlockFi review

BlockFi vs Celsius vs Hodlnaut


#4 Nexo

As one of the largest crypkhổng lồ lending institutions globally, Nexo is a respected name in the decentralized finance space. Having processed more than $3 billion worth of transactions for over 800,000 clients in 200 countries, Nexo aims lớn disrupt the financial system one step at a time. Through their platsize, users can earn interest in their crypto or fiat assets deposited in the interest trương mục. The interest rates for cryplớn stood at 5% và up to 10% for stablecoins và paid out daily.

Nexo has expanded their services with the launch of Nexo Card, which gives qualifying users instant access to lớn the Crypto Credit Line that they can spkết thúc without selling their crypto.

#5 Celsius Network

With a mission to replace the current traditional financial system with one that focuses on the best interest of the community, Celsius Network is using blockchain technology và hopes lớn fulfill that mission. The platkhung provides a range of financial services that aren’t accessible through traditional financial institutions. For example, crypto investors can earn interest by depositing their digital assets lớn their Celsius Wallet or borrow fiat currency using their crypto as collateral at lower interest rates.

Users can earn interest rates in CEL Tokens up khổng lồ 6.2% annually for their first BTC or 100 ETH & up to 12% for stablecoins.

Best Crypkhổng lồ Lending platform

Author’s Bio: Sten Ivan is the Head of Growth at Hodlnaut, a Singapore-based fintech startup that enables users lớn earn favorable interest rates on their crypkhổng lồ assets.