8 Best Crypto Savings Accounts (Earn Interest On Your Bitcoin!)

Earn Interest on Your Bitcoin

So you wanna learn how to earn interest on your Bitcoin holdings?

There are actually many different crypto-focused services that provide the ability to deposit coins and earn interest by saving for the future.

Some of these services include crypto-backed loans and crypto savings accounts.

These are very useful tools and can provide significant passive income if you think Bitcoin is gonna go up in value and you are planning to hold bitcoin for the long term. And although many of the services can be used with a variety of other cryptocurrencies, Bitcoin is still where the focus is at, because it’s the reserve currency of crypto.

What are crypto savings accounts?

A crypto savings account is a service that lets you deposit coins to earn interest and to save for the future. They operate in a similar way as banks do, by lending money to businesses and individuals with interest. Using crypto savings accounts can be highly useful if you want to grow your bitcoin holdings without taking high risks such as gambling or trading. In this article you are gonna find multiple different crypto services that can be categorized as savings accounts, they either lend your Bitcoin for institutional investors or you can choose your clients through using peer to peer marketplace.

Lets now dive a bit deeper on several different crypto savings accounts and their features.

Note: Investments involve risk and profits are not guaranteed.

Best crypto savings accounts in 2020

Here are the best crypto interest, lending & savings accounts that you can use today.

  1. The BlockFi Interest Account
  2. Nebeus – Crypto Savings Account
  3. CoinLoan – Cryptoasset Backed Lending
  4. Bitbond – Reputation Based P2P Lending
  5. YouHodler – Multi HODL Savings Accounts
  6. Constant – Peer-To-Peer Lending
  7. Salt – Crypto-Backed Lending
  8. Celcius – Crypto Lending Account

The BlockFi Interest Account

BlockFi - Earn Interest on Your Bitcoin

BlockFi is a unique wealth management platform providing crypto-backed loans within the crypto economy. The BlockFi Interest Account (BIA) was the first of it’s kind, offering you the ability to earn compound interest on your Bitcoin, Ether, and GUSD holdings.

BlockFi lets users to simply store their crypto on BIA and earn up to 8.6% interest annually paid out every month. Users holding either BTC, ETH, or GUSD within the interest payment flex account can choose to receive interest on any of these currencies. For example, if you have ETH on your interest account, you can choose to receive all your interest in Bitcoin.

BlockFi Interest Account

Getting started with BlockFi Interest Account takes just a few minutes. You can start by visiting the BlockFi website to begin. From here you will input your contact information + email and password, you will then be asked to go through the KYC process. After that is completed, you will be receiving a notification via email to confirm your new BlockFi Interest Account.

After successfully logging into the account, you can navigate to the Earn Interest tab, from where you will be able to find the available deposit collateral types and the amount of collateral deposited. After clicking “deposit, you will be presented with a unique wallet address.

BlockFi users using the BIA compound interest account can significantly increase their Bitcoin, Ether, and GUSD Holdings over time.

Get Started on BlockFi Interest Account!


Nebeus Crypto Savings Account

Nebeus Savings Account

Nebeus is a platform based on the UK that offers a variety of financial services that allow users to realize the full value of their cryptocurrencies. And one of the most solid features obviously is their crypto savings account which lets users earn up to 8.45% interest on their investments.

Users will then receive interest based on the length of their contract, and Nebeus nominates investments in Euro fiat currency. For example, using today’s exchange rate 1BTC investment is registered as 7304 EUR.

Another great service and benefit of having a Nebeus account is that users can instantly withdraw and transfer cryptocurrencies to bank cards in over 100 countries around the world. No matter what currency your card is, the amount will be automatically converted.

Earning money with Nebeus Crypto Savings Accounts is easy and getting started takes just a couple of minutes. First, you will create an account using your email and password, and from there you can deposit Bitcoin and Ethreum right away.

You will then open a savings account, and start earning interest based on what time cycle you choose between 3-36 months, the interest gets paid monthly.

Nebeus does require KYC documents to be passed in case you want to be dealing with fiat when withdrawing your profits. However, users don’t have to that! if they are fine with converting the EUR into cryptocurrencies and taking out crypto. In such a case, there is no checks, no delays, just a couple of clicks and you are ready to go.

Create Nebeus Crypto Savings Account.


CoinLoan – Cryptoasset Backed Loans

CoinLoan - Earn Interest on Your Bitcoin

CoinLoan is based in Tallinn Estonia and is a peer-to-peer lending platform that offers loans that are backed by crypto assets. The platform has some unique features which separate them from the crowd. Coinloans can last from 7 days to 3 years, it is also possible for borrowers to withdraw excess collateral from the overcollateralized active loans in case of a problem.

Coinloan also has worldwide coverage and a variety of currencies users can choose from such as BTC, BCH, ETH, LTC, XMR and stable coins like TUSD, USDC, PAX, DAI, and USDT.

To get started earning interest with Coinloan, you will head on to the website, and create an account with your email and password. After this, you will be asked to confirm your email.

Once you have confirmed your email and logged in, you can go to your wallet tab, and deposit funds either in fiat currencies, cryptocurrencies or stablecoins.

You will then choose appropriate loan conditions, the way the platform works is, you don’t have a set interest rate or other conditions, you either choose a loan offer from the marketplace or you can also create your own loan withing your own terms, such as desired interest rate, loan currency, and the loan amount. Interest rates can vary from anywhere between 5% to up to 15% depending on the market conditions.

Another great thing about Coinloan is they alternatively offer interest-only repayments, instead of just conventional principal + interest repayments. For borrowers, this allows much smaller monthly payments because they only have to pay off the loan’s interest throughout the loan term. And for the lender, it allows them to earn more interest without reinvesting their funds.

Join CoinLoan Today!


Bitbond – Reputation Based P2P Lending

Bitbond - Earn Interest on Your Bitcoin

Bitbond is a global peer-to-peer crypto lending platform and marketplace where businesses get affordable loans while lenders earn profitable interest rates. Bitbond is based in Germany and has been around for a while, it is probably the oldest of this type of business within the industry.

Bitbond operates based on reputation, meaning as borrowers borrow money their rating increases, and the same applies if they have late payments, the overall rating decreases.

Bitbond also has an amazing feature called AutoInvest it allows you to allocate funds and build a loan portfolio automatically. This saves a lot of your time building your portfolio. Investors can define their own investment preferences regarding the investment amount, base currencies, rating profile, and regions.

To earn interest on your Bitcoin using Bitbond, you will first register on their platform and confirm your email. You will then submit some personal details such as name and home address, from where you are required to make an online video verification.

Make sure you have your passport / national ID card with you.

Once your account is verified, you can fund your account with Bitcoin. Your Bitcoin deposit address can be found within the “funds” section.

Next, you can browse some listing and either place bids on the loans you would like to fund, or alternatively, get involved within the AutoInvest program which takes care of this for you.

The lending period begins when the loan you place a bid gets funded. otherwise, if the requested amount is not funded within 14 days, or if the funded amount has not reached the 60% threshold, your bid will be refunded to your account.

And that’s it, you can now begin checking your portfolio regularly, and watch how you earn interest on your Bitcoin holdings.

Build AutoInvest Portfolio with Bitbond!


Other ways to earn interest on cryptos

You can also lend your Bitcoin and other cryptocurrencies on several different crypto exchanges and get paid interest for doing that. Many of the major crypto exchanges provide this service either because of leverage trading, which means users borrow more coins for potentially higher returns, or they might offer to lend just as an additional income feature.

Tips for using Bitcoin savings accounts

Although each and every Bitcoin interest platform listed here do use the top security standards in the industry such as keeping funs in the cold storage. The platforms still require us to have some trust in the third party and because of this, we recommend you at least spread your wealth around multiple of these services rather than just choosing one of them. This way you get to enjoy the benefits and features of all of them while simultaneously mitigating some of the risks involved within investing.

That being said, it is also important to remember that investments always involve risks and profits are never guaranteed, we suggest you take a good look at each and every platforms security standards and features as well. And only invest what you can afford to lose!

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