Best Crypto Interest Accounts 2022 – How to Earn Interest on Crypto
Many investors new to the cryptocurrency scene are unaware that you can earn interest on your digital token holdings – just like you would in a bank account. However, unlike a traditional bank account – you’ll have access to significantly more attractive yields.
hi
In this beginner’s guide, we’ll discuss the very best crypto interest accounts in terms of reputation, supported tokens, APYs, lock-up terms, and more.
The Best Crypto Interest Accounts for 2022 ListThe five platforms listed below came out as the overall best crypto interest account providers for 2022.
Aqru – Overall Best Crypto Interest Account for 2022Crypto.com – Earn Upto 14.5% Interest on Stablecoins BlockFi – Safe Crypto Interest Account to Earn 4.5% APY on BitcoinBinance – Top Interest Savings Account for High Yields Coinbase – User-Friendly Way to Earn Passive Income on Your Crypto SavingsScroll down to read our reviews of the above crypto compound interest accounts.
Top Crypto Interest Platforms ReviewedWhen searching for the very best crypto interest accounts in the market, there are a number of core factors to cross-check. Not only does this include the safety of your funds, but what coins and yields are on offer.
The overall best ways to earn interest on crypto today are with the five providers reviewed below.
1. Aqru – Overall Best Crypto Interest Account for 2022
Aqru;
Aqru offers a one-stop shop for all of your crypto interest-earning needs. Regardless of your experience in this space, the Aqru website is user-friendly and free of jargon, so you get yourself set up in less than 10 minutes from start to finish. Upon researching the platform from top to bottom, we found that Aqru offers support for both stablecoins and conventional cryptocurrencies.
Regarding the former, this covers USDT, USDC, and DAI. In terms of supported crypto-assets, you can earn interest on the two largest digital currencies in terms of market cap – Bitcoin and Ethereum. Looking at the yields on offer, stablecoins provide the highest APY at 12%. If depositing Bitcoin or Ethereum into your Aqru account, a smaller yet still competitive APY of 7% is offered. Crucially, regardless of what digital asset you decide to generate interest on, your rewards will be paid out daily.
This allows you to grow your digital asset portfolio faster, as you can elect to keep reinvesting your interest back into the Aqru crypto interest account. Moreover, we like the fact that all savings accounts at Aqru are flexible, so you can cash out your tokens at any given time. Perhaps the main drawback with this provider is that in comparison to other crypto interest accounts in the market, the number of supported tokens is somewhat limited.
We also like Aqru for its simple and fair pricing model. That is to say, the APYs that you are offered do not incur any commissions, so you’ll get the full amount that you are owed. On the other hand, the platform’s $20 fee on crypto withdrawals is a drawback to consider. Finally, if you’re the type of investor that seeks top-quality customer support, Aqru offers a live chat facility that allows you to speak with a member of the team in real-time.
Cryptoassets are a highly volatile unregulated investment product.
2. Crypto.com – Earn Upto 14.5% Interest on Stablecoins
Next up on our list of the best crypto interest accounts for 2022 is Crypto.com. This online platform offers a range of services, from low-cost cryptocurrency exchanges where you can buy cryptocurrency, an NFT marketplace, education, digital asset-backed debit cards, and more. In terms of its crypto savings accounts, the platform supports dozens of digital tokens. Not only does this include stablecoins but plenty of large and medium-cap cryptocurrencies.
In terms of yields, Crypto.com allows you to earn up to 14.5% per year on stablecoin deposits. This attractive APY is, however, depending on the term of your deposit and whether or not you stake CRO tokens, which is native to the Crypto.com website. For instance, let’s suppose that you want to stake a stablecoin like Tether. To get the maximum benefit, you need to stake at least 40,000 CRO tokens and lock the funds up for three months.
