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Best Crypto Savings Accounts

High Interest Crypto Savings

Many crypto investors are looking for crypto savings account with a high interest rate. The crypto market changes fast and so does the rates, but there are still some crypto savings accounts that offer good rates.

In order to be able to save crypto long term, most crypto hodlers need a place where they can invest their coins in something profitable, safe and stable at the same time. Crypto savings accounts became popular lately as many of them offered really good rates in return for crypto deposits.

Some even offered zero fees on transactions!

We wanted to know what the best crypto savings accounts that offered highest interest. We analyzed crypto savings account rates according to crypto markets and the crypto market capitalization. We compared the crypto interest rate from crypto savings accounts with traditional bank savings accounts and share our findings below.

Our Top Picks

Cryptocurrency Savings Account Offering Highest Annual Interest

Best Crypto Savings Accounts

We found the best crypto savings accounts in 2022.

If you are interested in crypto savings accounts we have compared crypto banks and crypto saving platforms, we have considered security measures, customer service, reliability of platform, and overall value offered. The top 10 crypto savings accounts listed below provide the best crypto interest rates currently available in the market:

The table below compares each crypto savings account by annual interest rate, daily compounding interest rate, minimum deposit amount needed to open an account with them, fees charged for having a crypto savings account with them, crypto currencies that they support as a crypto savings platform, and their main features.

Crypto Savings Account Interest Rates

Organization

BlockFi

Crypto.com

Nexo

YouHodlr

Stable Coins

8.6%

6 – 12%

Up to 10%

Up to 12%

Bitcoin

3.2 – 6%

4.5%

Up to 5%

4.8%

BlockFi

Stable Coins: 8.6%

Bitcoin: 3.2 – 6%

Crypto.com

Stable Coins: 6 – 12%

Bitcoin: 4.5%

Nexo

Stable Coins: Up to 10%%

Bitcoin: Up to 5%

YouHodlr

Stable Coins: Up to 12%%

Bitcoin: 4.8%

BlockFi

We searched the internet high and low to find you the best crypto savings accounts and we think BlockFi is the best all around crypto savings platform offering the best value.

Along with the highest returns on your crypto assets, BlockFi offers additional services like loans and payment cards to support the crypto community.

You can also rely on upgraded security features with cold storage custody solutions offered by one of the most trusted exchanges in this space Gemini.  

five stars

Stable Coins: 8.6%

Bitcoin: 3.2 – 6%

Crypto.com

Not all crypto savings accounts are alike and some of you may need to open a few different accounts depending on your needs and the perks you want.

One of the reasons we suggest Crypto.com is because you have access to a larger list of coins that offer interest payouts. 

Most crypto savings accounts only offer the ability to earn on stablecoins but with Crypto.com, you have the option to earn interest on the traditional crypto assets like that are more volatile like Bitcoin, Ethereum, Chainlink and others. 


Stable Coins: 6 – 12%

Bitcoin: 4.5%

Nexo

If you like to get paid daily interest on your crypto assets then Nexo is the best crypto savings platform you can find. 

Nexo is one of the only crypto savings accounts we could find that offers insurance to protect user assets. 

Nexo offers competitive rates on both stablecoins and Bitcoin and has been praised for it’s third-party coverage of crypto assets. 

Stable Coins: Up to 10%

Bitcoin: Up to 5%

YouHoldr

If you live outside the U.S and looking for a high-yield crypto savings account, YouHodlr has been a top contender.

You Hodlr works with many investor types, requires a minimum of $100 to get started and appears to offer additional asset protections for your safety. 

Stable Coins: Up to 12%

Bitcoin: 4.8%

Crypto interest account

Crypto interest accounts are crypto savings accounts which provide crypto investors with the opportunity to invest their crypto or fiat assets in crypto lending platforms, stocks or crypto coins. Crypto lending platforms offer crypto interest rates from 3% up to 20% and we found that they averaged around 7%.

Upon our research, we found that crypto savings accounts offering the higher the return also had the greatest the risk so we wanted to find something that offered consistent returns with a high probability for long-term yields.  

Crypto bank account

There are crypto banks that offer crypto saving accounts with crypto interest rates.

For example, Nexo invests crypto deposits in stocks or bonds and pays the crypto hodlers a high interest rate of up to 10% p.a. Some may consider this as one of the best crypto savings account options available on the market today.”

In order to make sure the crypto savings account is regulated and insured, it’s important to carefully read through all terms and conditions before making any deposits.

Make sure you understand how crypto savings accounts work and if they’re really secure! It is also good practice to make sure that your crypto savings account allows you to move your digital assets whenever you want them back.

If there are any crypto savings account crypto investors who had any problems withdrawing crypto deposits, please let us know in the comments below.

Now that crypto interest rates are growing, crypto savings accounts will become more and more popular on crypto markets. We expect to see even better crypto interest rates in the future!

How crypto savings accounts work

Crypto savings accounts are not the same as the savings accounts you find with your bank. For instance, you will have a hard time finding an insured crypto savings account.  Crypto savers deposit their crypto coins in a crypto bank account or crypto savings platform, the crypto bank earns interest on crypto deposits and pays crypto owners with a varying percentage every month or sometimes daily. 

Crypto interest rates explained

As cryptocurrencies mature there is more competition among crypto investors regarding interest rates on their digital assets.

One of the main crypto market factors that affect the crypto interest rates are crypto market capitalization. In order for a crypto bank to pay a decent crypto interest rate, it has to have an extensive portfolio which means having large amounts of money in deposits so assets are liquid. The state of the crypto economy also affects the earning potential from lending related investments involving cryptocurrencies such as stocks, bonds etc;

How to Get Started with a Crypto Savings Account

We have listed below our recommended crypto savings accounts offering highest annual interest and lowest fees. We also compared the crypto savings accounts based on security, customer service, reliability, and overall value offered. 

Crypto Savings Accounts Vs. Regular Savings Accounts

Regular Savings Accounts

Regular savings accounts are offered by financial institutions like banks, credit unions, and brokerage firms. Financial institutions offer various types of regular savings accounts with varying interest rates. Examples of regular savings accounts include CDs (Certificate of Deposit), Savings Accounts, and Money Market Accounts.

Crypto Interest Rates

Crypto savings accounts work in a similar way to regular savings accounts. However, crypto savers deposit their crypto coins in crypto bank account and it earns interest on crypto deposits.

FDIC insurance: Banks have FDIC, which guarantees that even if your bank loans out the money you deposit into an account from their own funds, they will pay it back with interest. The downside is that there is a limit on how much you can get reimbursed by the FDIC in any given year.

Cryptocurrency savings accounts do not have FDIC insurance. As the cryptocurrency market is volatile, it’s possible for your investment value to decrease and you will lose money.

For this reason, be sure to consider cryptocurrency savings accounts as an alternative investment account instead of a ‘savings’ account where you can store your funds to be insured.

Should you “save” money in crypto savings accounts?

The answer to this question depends on what an individual’s goals are for that crypto fund.

For example, if an individual wants the asset for the purpose of an emergency fund then they may want to keep it held in fiat currency, which is designed to be stable.

If an individual is looking for a more long term investment then they would likely be better off storing their funds in a crypto savings account so that they can get crypto interest rates on their crypto funds.

If the crypto owner wants to spend cryptocurrency but still earn crypto interest rates then they would need crypto debit card which can be used to spend crypto funds as fiat currency at any POS terminal or online shopping.

See our favorite crypto payment cards here.

Final thoughts

We hope that crypto savers will find this crypto savings account guide helpful in their search for the best crypto interest rates. We have compared crypto savings accounts and crypto banks based on annual interest rate, crypto saving platform’s daily compounding interest rate, crypto currencies they support, and features offered.

CryptoWhat
CryptoWhat was created in 2015 and has become one of the most trusted and well-respected sources of information on all things crypto. The blog's authors are dedicated to providing clear, concise, and jargon-free explanations of this complex technology, so that everyone can understand it.