How to Earn Interest on Crypto

How to Earn Interest on Crypto

The cryptocurrency world is growing faster and more products keep coming up in the market. A Crypto interest account is one of the products allowing users to earn decent passive income with cryptocurrency. With these accounts, you can lend your cryptocurrency assets for interest. The concept is similar to conventional bank savings accounts. However, crypto interest accounts deal with digital coins and not fiat currencies. 

These accounts are gaining popularity due to the attractive interest rates. However, navigating through the whole process to earn decent interest may be challenging for beginners. It may end up a journey of more losses than gains for some people. Therefore, it is necessary to equip yourself with all the top tricks and tips to earn decent interest with your savings. 

Advantages of Earning Interest in Crypto

Very little to no lock-up time. Most crypto interest platforms have a short lock-up time, taking a week or a month. Other interest accounts such as even allow daily access to your investment. 

High-interest rates. Crypto interest accounts offer high interest up to double digits., for example, offers 40% APY on HI deposits. Cumulative interest is even higher when using compound interest. 

Most platforms support a wide range of investments, from low amounts to a high number of tokens. The range is possible with an unlimited deposit amount in some interest-bearing accounts. 

Step-by-Step Guide 

1. Creating an account

To earn interest in cryptocurrency, you have to first create an account on a crypto platform. Factors to consider when selecting a crypto interest account include the Annual Percentage Yield (APY), the lock-up terms, or the supported tokens. 

However, if you are new to crypto, you will need a platform that enables you to use cash to buy crypto. is one of the platforms that offer such a service. After creating your account with the platform, connect it to your current bank account to enable you to transfer cash for purchasing crypto. Other accounts with a similar option include Coinbase, Gemini,, and eToro.

In interest, is a great option with an interest rate of up to 40% APY. However, having an account that enables the use of cash is not the only factor to consider. Here are some of the key factors to consider. 

2. Weigh the interest rates

On your account, you will have many cryptocurrencies.

However, you need to know that although cryptocurrencies are similar across different platforms, they may offer varying interests depending on the platform.

Each crypto interest account sets its rate on the coins they support for interest. Therefore, the interest rates on your account are basically what the company offers you from their reinvestments of your crypto. Additionally, the rates may vary with time depending on the need for crypto loans at a given time. 

In some cases, stablecoins usually offer high-interest rates. At times, the rates may even get to as high as 99%. However. Such rates are a cause for alarm. They may indicate severe inflation rates. For newbies, it is advised that you go for interest rates between 5% to 40%.

3. Adding your crypto collection

As mentioned earlier, some of the accounts are better for rookies because they enable you to buy crypto directly using cash. 

After weighing the interest rates and choosing the best crypto to earn interest from, you can add it to your crypto portfolio. At this point, you may shift to your ideal platforms and send the funds crypto interest account you have chosen. 

This may not be a necessary step if you are satisfied with the crypto interest platform you are dealing with. However, it is necessary to get you through a cryptocurrency platform that does not have the option of buying crypto directly with cash. 

4. Start earning Big Interest

Having followed the steps indicated above, you are ready to start earning decent interest from the platforms. You will watch your holdings increase and grow with time. 

The market prediction shows positive anticipation of the cryptocurrency market with time. Crypto interest account, especially, presents a huge growth potential.  Some platforms, such as, offer compounded interest, which ensures your interest is accumulative. In some cases, you may end up earning double the interest at the end of the year.

The interest value sum for a crypto interest account is high, making it an attractive deal for crypto investors. 

Some of the most popular cryptocurrencies you can earn interest with include:

  • Uniswap
  • Ethereum
  • Litecoin
  • Bitcoin

As you earn interest on the website, the total amount is deposited into your account. In this way, you can keep track of the crypto-investment market that you are investing in. 

Some investors may be skeptical about interest-bearing crypto investments due to volatility. No one would want to lose their money when the value of the token they invest in plunges the next day. Here is where stables come in. Stablecoins are directly linked to other stable fiat currencies or even real-world assets such as gold. Popular stablecoins include Tether, USDC, or USDT. The interest rate for these coins will also differ based on the demand and supply at a given time. The interest you expect to earn on your crypto investment will not always be constant. Fluctuations depend on the supply and demand for crypto. Therefore, the interest you earn on crypto is on a floating interest rate. This variance may affect your choice of the various stable coins and the crypto interest account to use. 

The idea behind compound interest

Compound interest is the method used to calculate interest in some platforms. In this case, the interest percentage of crypto savings accounts is cumulative over the periods rather than constant. The period could be monthly, weekly, or daily. Therefore, your account may grow faster. The method is far better than the simple interest, which is only based on the initially invested principle, hence constant. 

Let us say you invest $1000 at an interest rate of 10% per annum. In the second year, your interest will still be 10% but on the initial amount plus the interest of the first year. The calculation will be 10% of $1100

Top Investment platforms for high interest


As much as BlockFi is ideal for crypto rookies, the platform offers high-interest rates for investments. The platform offers an APY of up to 9.5% percent on some cryptocurrencies

Besides, the platform offers a variety of supported crypto assets. The variety gives the investor a good range from which to choose the best deals. Additionally, they may choose to invest in more varied assets to earn the highest possible interest on crypto. 

The platform has strong security for its investors with an insurance policy and is well regulated.

Besides, it offers an easy entry for rookies into the cryptocurrency world by allowing the purchase of crypto with cash.

The platform is one of the best for newbies as it allows for the purchase of crypto directly from bank accounts. 

The interest rates on the platform are also high, offering APY of up to 14.5% on stablecoins. 

The APY is dependent on many conditions offered on the platform but still suits the need of most investors, which is high-interest rates. 

The platform offers access to your investment via a prepaid debit card at any time. The accessibility daily indicates that your investment is not locked at all. 

The safety levels on the platform are also top-notch, with the insurance of investors. was awarded the Lloyd Syndicate insurance protocol in 2012. 


The crypto investment platform has a relatively high investment interest compared to the market’s average. You can earn an interest rating of up to 10% on stablecoins and Bitcoin. 

The high-interest rate is based on Bitcoin, one of the most popular and large cryptocurrencies. The rate on Bitcoin gives a better deal to the investors; hence the platform becomes more attractive. 

Since the interest is paid out daily and compounded, rapid growth can be assured on the platform, in addition to the high-interest rates. When paid up in Nexo tokens, you get an additional 2%.

If you are looking for one of the highest APY platforms, is ideal. 

There are several attractive interest rates on given cryptocurrency assets on the platform, including major and popular ones. For instance, the platform offers an APY of 11% on ETH. 

For investors who choose to deposit HI, the platform offers an interest rate of 40%. An additional 25% interest booster is also offered. It also pays the reward within short periods, weekly, with the investment accessible by the investors at any time.

In addition to the high-interest rates, the platform does not charge for withdrawals. Therefore, investors can obtain a maximum return on their investments. 

Final Thoughts

Crypto interest is one of the fastest-growing investment niches in the crypto market. However, earning interest in cryptocurrency may not be as easy as it seems. 

However, the above guide can help you navigate the market and earn decent interest with minimum risks. 

You need a good interest account that offers high interest and safety of your assets. is one of the platforms that will allow you to earn up to 40% APY. Besides, it offers top-notch security for your assets. Sign up today with and start earning decent interest.

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