12 Best Cryptocurrency Savings Accounts in 2021

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The cryptocurrency market has been booming in 2017 and is set to continue its ascension into the mainstream. It’s quite easy for people with good knowledge of trading and investing to make a lot of money from cryptocurrencies, but many are not able to take advantage because they don’t know where or how best place their savings. This article will provide 12 different accounts that offer crypto-based bonuses and high interest rates for depositors who hold certain amounts of coins at each one.

The “best bank account for cryptocurrency” is a list that includes 12 banks that are the best to use when depositing and withdrawing cryptocurrencies. This article will help you find the best bank account for your needs.

Crypto is a fast rising investment vehicle, but finding methods to profit from it in a passive manner is difficult. Fortunately, there is a method to put your bitcoin to good use: a cryptocurrency savings account.

Finding the finest bitcoin savings account, on the other hand, is difficult due to the many aspects to consider. To assist you, we’ve produced a list of the best crypto savings accounts. In this post, we’ll look at 12 fantastic possibilities and explain what you should look for when deciding whether or not to register an account.

Accounts with the Best Cryptocurrency Savings

There were 12 standout alternatives among the bitcoin savings accounts offered. Here are some of the top crypto savings accounts available right now.

1. BlockFi: Overall Winner

BlockFi’s Interest Account is the best overall crypto savings account in our evaluation, offering a simple method to earn up to 7.5 percent interest on digital assets. In its interest-bearing accounts, BlockFi presently supports 13 currencies, including Bitcoin, Tether, and Ether.

BlockFi’s main benefit is its simple interface and lack of account minimums. BlockFi is also custodianed by Gemini, a renowned security-focused exchange. A trading platform, crypto-backed loans, and rewards credit cards are also available to BlockFi account members.

One disadvantage of BlockFi is that it only supports a limited number of currencies. In addition, BlockFi lowers interest rates for high-value accounts. However, if you’re looking for convenience and security, BlockFi is the way to go. To discover more, read our entire BlockFi review.


  • Interface that is simple and straightforward to utilize
  • Gemini, a renowned exchange, is behind it.
  • Trading and crypto-backed loans are available.


  • A limited number of coins are supported.
  • Interest rates on high-value accounts fall.

Linus is the best for stablecoins.

Linus is one of the most innovative cryptocurrency savings accounts on our list. Linus differs from other crypto savings accounts in that it lets you to deposit cash and receive interest in US dollars rather than cryptocurrency.

You deposit US money using Linus, which are subsequently converted to USD Coin (USDC), a stablecoin tethered to the US dollar. The USDCs are then transferred to a smart-contract-based liquidity pool, where you may earn up to 4.5 percent interest in US dollars.

This implies you won’t have to purchase cryptocurrency on your own. You may instead earn interest in US dollars with no account minimums, fees, or limits on withdrawals. Linus, on the other hand, has low interest rates, and the platform is dependent on USDC’s long-term stability.


  • There are no account minimums or fees.
  • You have the ability to withdraw money at any moment.
  • Interest is calculated in US dollars.
  • There’s no need to purchase or sell cryptocurrency on your own.


  • Interest rates are at historic lows.
  • USDC’s success is crucial.

3. Stablecoins are best sold at this location (Runner-Up)

Outlet is a cryptocurrency savings account that makes it simple to earn interest. You put US dollars into your Outlet account, which is subsequently turned into stablecoins.

Your money is subsequently loaned to investors who pay up to 9% interest. There are no fees or account minimums on Outlet, and interest is paid in US dollars. Furthermore, Outlet only lends to borrowers that have debts that are overcollateralized, which reduces the chance of default.

Although Outlet offers asset protection and high return rates, there are significant hazards associated with utilizing this relatively new service. Smart contract problems, standard market volatility, and the collapse of any specific stablecoin’s peg are all possible hazards. Outlet, on the other hand, is a good choice if you’re willing to take a little risk in exchange for a large gain.


  • Interest rates that are too high
  • Interest is paid in US dollars only.
  • To mitigate risk, works with overcollateralized loans.
  • Hacker insurance is limited.


  • Assets are at a moderate danger of being lost.
  • Company and technology are both quite new.

4. Gemini is the sign with the best security features.

It’s difficult to go wrong with Gemini if security is your primary priority. Gemini, situated in New York, is one of the most well-known cryptocurrency exchanges in the world. It’s also a New York Trust firm with cutting-edge security measures to help protect your money.

Gemini, as an exchange, makes it simple to purchase and sell cryptocurrency with its user-friendly interface. Gemini also has an interest-bearing feature called Gemini Earn, which allows users to earn up to 7.4% interest on any of the 30+ supported currencies. The service is free to use, and daily interest is paid.

The disadvantage of Gemini is that its interest rates are somewhat lower than those found elsewhere, and it is only available in the United States. The firm’s strong security and a variety of additional features, on the other hand, make it a popular option for both new and seasoned investors. To discover more, read our whole Gemini review.


  • Company with a great reputation
  • Outstanding security features
  • More than 30 coins are supported.


  • Interest rates are somewhat lower.
  • Outside of the United States, there is little availability.

5. Coinbase is the best place to start if you’re a beginner.

Coinbase is one of the world’s most popular cryptocurrency exchanges. While Coinbase is most known for its trading platform, the company also provides a simple crypto savings account.

On USD Coin, you may earn up to 4% APY using Coinbase. Your primary amount is guaranteed by Coinbase, reducing the risk of asset loss. Furthermore, there are no fees or withdrawal limitations with Coinbase.

Despite the fact that Coinbase’s crypto savings account is user-friendly, it only accepts USDC. Interest rates are very modest, and the company is exclusively offered in the United States. Nonetheless, if simplicity is important to you, Coinbase is a good option. To understand more, read our whole Coinbase review.


  • It’s quick, free, and simple to use.
  • A large, well-known exchange
  • Principal balance is guaranteed.
  • a strong cryptocurrency exchange


  • Only the USD coin is supported.
  • Outside of the United States, it is not available.
  • Interest rates are quite low.

Voyager is the best option for mobile users.

Voyager is a relative newcomer to the cryptocurrency world, but it’s fast becoming a popular choice for crypto investors. The company is a mobile-first exchange that allows you to trade cryptocurrency and use powerful charting tools directly from your phone.

Additionally, on assets stored in Voyager accounts, Voyager pays up to 12% interest. In reality, the firm provides interest on over 30 currencies with no extra expenses.

The minimum balance restrictions of Voyager, as well as its restricted availability outside of the United States, are disadvantages to consider. Interest is paid on a monthly basis, and withdrawing cash might take several days. However, Voyager remains one of the most popular mobile-first systems available.


  • Easy-to-use, mobile-friendly UI
  • Exchange and advanced charting tools
  • Interest is paid on more than 30 coins.
  • Interest rates that are unusually high


  • Balance requirements at a minimum
  • Outside of the United States, there is little availability.
  • Interest is paid once a month.

7. is the best place to get a sign-up bonus.

In the field of digital assets, is a key participant. The company has a crypto exchange that allows users to trade over 90 currencies, including its own native token, CRO.

On top of that, provides up to 14.5 percent interest on over 40 currencies. If you agree to invest for at least three months at a time on, your rates will rise. In addition, the firm’s sign-up bonus referral program allows you to earn free cryptocurrency.

It’s worth noting that several of the rates drop for low-balance accounts or if you desire money withdrawal flexibility. However, in most countries, the company provides interest-bearing accounts with weekly interest distributions. To discover more, read our review in its entirety.


  • The world’s most powerful crypto exchange
  • A large number of coins are supported.
  • Large account balances attract high interest rates.
  • Earnings are paid out weekly.


  • To achieve a high APY, you must keep your investment for at least three months.
  • Rates for accounts with low balances are quite low.

Nexo is the best for daily interest.

Nexo is a crypto-focused fintech firm offering a high-quality savings account that is designed to help you earn income quickly. Account users from all around the globe may earn 12% interest on the company’s 20+ supported currencies.

What’s the greatest part? Nexo offers daily compounding of interest and the ability to withdraw cash at any moment. If you get your profits in NEXO coins, the company will also give you a higher rate of interest. Nexo also protects your account with insurance and high-end security.

Despite the fact that Nexo has no account minimums or fees, customer support is limited. If investors opt not to receive dividends in NEXO, they will also earn less interest. Despite this, Nexo is a top choice for anyone looking for a high-yield savings account with quick dividends.


  • There are no account minimums or charges.
  • A large number of coins are supported.
  • Interest rates that are too high
  • Interest payments are made every day.


  • Customer assistance is limited.
  • In-kind interest payments have lower rates.

YouHodler is the best for altcoins.

YouHodler might be the answer if you’re seeking for the best cryptocurrency interest rates. YouHodler is a cryptocurrency exchange and loan servicer that pays up to 12.3% interest on Bitcoin and over 30 other cryptocurrencies.

Interest is paid weekly on all assets with YouHodler. You may also withdraw cash at any time, get your assets insured by Ledger Vault, and use your assets as collateral for a loan.

However, YouHodler needs a $100 minimum account balance. Furthermore, since the firm’s services are not yet accessible in the United States, many investors may find its functioning restricted.


  • Interest is paid on over 30 different cryptocurrencies.
  • Ledger Vault provides insurance.
  • Interest rates as high as 12.3% are possible.
  • Assets may be used as collateral for a loan.


  • The product is not available in the United States.
  • To earn, you must have a minimum balance of $100.

10. The Celsius Network is the best in terms of customer service.

Celsius Network, situated in the United Kingdom, pays up to 17% interest on 40+ currencies in crypto savings accounts. The firm also offers crypto credit cards, crypto-backed loans, and a CEL-based rewards program.

You can even receive good customer service with Celsius Network, which is something you won’t find elsewhere. Furthermore, there are no costs associated with any of the company’s savings accounts.

Overall, Celsius is a robust and user-friendly worldwide exchange. Certain individuals are concerned about the network’s centralized character and the fact that some functions aren’t currently accessible in the United States, in addition to its interest-bearing accounts.


  • a trustworthy cryptocurrency exchange
  • Customer service is outstanding.
  • Interest rates that are too high
  • There are no fees or minimum balance requirements.


  • The hazards and constraints of a centralized network topology are many.
  • In the United States, functionality is limited.

11. Ledn is the best for no-minimum-balance situations.

Ledn, a cryptocurrency platform located in Canada, was founded in 2018 and is a simple way to put your crypto to work.

On USDC and BTC, the company is now offering up to 8.5 percent interest. There is no minimum amount or withdrawal limit, so you may start earning interest on your money right now. To secure your money, Ledn has a custodian, BitGo, as well as high-end security.

Aside from the limited supported currencies, Ledn’s 10 USDC charge every withdrawal is a disadvantage. Ledn, on the other hand, is a good option if you want a straightforward approach to earn interest with no minimum balance limitations.


  • There is no minimum account balance requirement.
  • Interest rates that are unusually high
  • With the support of a dependable caretaker
  • The platform is simple.


  • There were just two coins that were supported.
  • Withdrawal fees are quite high.

Hodlnaut is the best option for weekly payouts.

Hodlnaut, situated in Singapore, is a good choice for investors who seek weekly interest payments. On six supported currencies, the company provides up to 12.7 percent interest, with VIP Fixed-term loans providing a greater income.

Hodlnaut’s platform is simple and straightforward, with few additional features. However, the company also allows you to trade any of its supported currencies and provides optional asset insurance.

However, since Hodlnaut’s interest rates drop as account balances get larger, lower amounts are necessary to optimize your payment. In addition, there are withdrawal costs charged by the firm. However, if consistent interest payments are a priority, Hodlnaut is a solid option.


  • Weekly interest payments are available.
  • Interest rates that are unusually high
  • VIP fixed-term loans provide a higher rate option.
  • Possibility of obtaining optional asset insurance


  • High account balances get lower interest rates.
  • Withdrawal fees are charged.
  • Coins with a small number of supporters

What to Look for When Choosing a Cryptocurrency Savings Account

Choosing the best crypto savings account might be difficult with so many alternatives available. Let’s have a look at some of the most important factors to consider while selecting a crypto savings account.

Coins that are supported

If a crypto savings account does not accept your favorite currencies, it will be of little use to you in the long run. This is crucial to remember since not all currencies are eligible for interest payments from all custodians and exchanges.

As a result, before you register an account, check to see whether the firm gives interest on the currencies you wish to invest in.

Interest is being offered.

Crypto savings accounts, like regular savings accounts, provide interest in return for access to your funds. Always double-check the current interest rates on your favourite coins while exploring alternative companies.

However, keep in mind that interest rates may and do fluctuate without warning. As a result, depending on market conditions, the rates you sign up for may decrease—or increase—at any moment.

Features of Security

You give a corporation access to your private keys when you create a crypto savings account. As a result, it’s critical to ensure that a corporation has enough security procedures in place to protect your valuables.

Take a hard look at the many safety measures that different companies provide while investigating them. Consider if you can trust a corporation with your money if it lacks adequate security.


Cryptocurrency is not officially insured by the Federal Deposit Insurance Corporation (FDIC). Some crypto savings accounts, on the other hand, now provide private insurance coverage to safeguard you if they are hacked.

Keep in mind, however, that insurance coverage do not provide protection against market volatility. Crypto insurance safeguards against security flaws rather than financial risk.


A simple savings account platform is always a plus, whether you’re new to crypto or have been investing in digital assets for a long time.

Companies that provide user-friendly platforms make it easy to get your cash when you need them the most. This is especially crucial for novice investors, but the simplicity of use of a platform should not be overlooked.

Record of Achievement

Cryptocurrency is a relatively new investing option. As a result, numerous businesses are joining the crypto industry, but not all of them are trustworthy.

While there are advantages to investing in a startup, there are also advantages to staying with well-established companies. At the end of the day, you’re entrusting your money to a corporation, therefore you must determine if their security record is sufficient for your risk tolerance.

Savings Accounts in Cryptocurrency compared. Traditional Savings Accounts

Cryptocurrency and conventional savings accounts are both viable options for generating money from your investments. Despite their similarities, there are some significant variations between these two kinds of accounts. These are some of them:

  • FDIC insurance – Traditional savings accounts in the United States are covered by the FDIC up to $250,000 per account. Cryptocurrency is presently not covered by FDIC insurance.
  • Interest rates – Traditional savings accounts pay no more than 1.5 percent in interest. Meanwhile, crypto-backed accounts might have interest rates as high as 15%.
  • Interest computation – Compound interest is used in most conventional savings accounts, which means your earned interest may earn you additional money. Crypto savings accounts, on the other hand, normally provide basic interest depending on your original deposit.
  • Withdrawal limitations – As of April 2020, US federal rules will no longer impose withdrawal limits on savings accounts. However, some crypto savings account providers impose a one- to 12-month lock-in period before allowing you to withdraw your funds.

Advantages of Cryptocurrency Savings Accounts

Crypto-based savings accounts provide a number of advantages over regular savings accounts.

To begin with, crypto savings accounts often offer much higher interest rates. Furthermore, many accounts have no minimum balance requirements, withdrawal limits, or penalties, making them an excellent option to generate passive income.

In addition, most crypto savings accounts pay interest in cryptocurrency. As a result, there’s a probability that you’ll make money from both the interest payments and the rising price of the crypto asset in the long run.

The Disadvantages of Crypto Savings Accounts

Crypto savings accounts, although promising large financial benefits, are not without danger.

The volatility of cryptocurrency is one of the most significant dangers. The value of your coins may change dramatically in a matter of minutes, and a stablecoin’s peg is constantly at danger of collapsing.

In addition, since they lend your funds to borrowers, most crypto savings accounts pay interest. These debtors may fail on their debts, and your assets may not be covered if that happens.

Finally, crypto savings accounts need you to trust a corporation with your private keys. Your money might be at danger if the firm is compromised.

Frequently Asked Questions About the Best Crypto Savings Accounts

Here are some of the most frequently asked questions concerning crypto savings accounts, as well as our responses:

What Are Crypto Savings Accounts and How Do They Work?

Savings accounts for crypto assets are a method to generate income on your crypto holdings. Institutions provide these accounts in return for access to your cryptocurrency in exchange for a high interest rate.

What Are Crypto Savings Accounts and How Do They Work?

You deposit your coins into a crypto savings account so that an institution may lend your money to borrowers. You get monthly interest payments depending on the worth of your assets in exchange.

Are crypto savings accounts insured by the Federal Deposit Insurance Corporation (FDIC)?

Crypto savings accounts are not guaranteed by the Federal Deposit Insurance Corporation (FDIC). The Federal Deposit Protection Corporation (FDIC) may provide cryptocurrency insurance in the future.

Is it Safe to Have a Crypto Savings Account?

Traditional savings accounts are regulated and insured by the government, but cryptocurrency savings accounts are not. As a result, crypto trading is always risky, especially when it comes to market volatility, smart contract problems, and hacker efforts.

Who Are These Providers Who Are Borrowing My Crypto?

Your coins are lent out by crypto savings account providers to a variety of financial organizations and people. Hedge funds, cryptocurrency exchanges, crypto miners, and individual traders are all examples of this.

Are Crypto Savings Accounts Safe for My Keys?

Anyone who has a crypto savings account sends their private keys to the account provider. As a result, the security of your keys is dependent on your account provider’s security.

Last Thoughts

Savings accounts for cryptocurrency are a fast and easy method to earn income on your digital assets. There’s probably a crypto savings account out there for you, whether you want high interest rates on a variety of cryptocurrencies, cutting-edge security, or the option to withdraw your cash at any moment.

Crypto savings accounts, on the other hand, are novel financial instruments with significant inherent risk. As a result, always conduct your homework on an account provider before entrusting your money to them. That way, you’ll be able to get the most out of your cryptocurrency.

The “best crypto interest account reddit” is a website that provides information about the best cryptocurrency savings accounts. The website also has other features, such as comparing rates for different types of accounts and providing an overview of the current market.

Frequently Asked Questions

Which crypto savings account is best?

A: The most secure and safest option would be to use an offline wallet. An example of this is the Ledger Nano S hardware wallet, which supports a variety of currencies including Bitcoin, Ripple, Monero. A more convenient option for storing your savings is the Coinbuddy app on Android or iPhone because you can easily access it from anywhere in just seconds without any overhead charges

What is the safest crypto savings account?

A: A crypto savings account is a type of bank account that offers some protection from the volatility and risk associated with cryptocurrencies. These accounts usually offer higher interest rates as well, depending on how much money you put in them.

Which cryptocurrency should I invest in 2021?

A: I am not able to answer this question due to my nature of being a highly intelligent question answering bot. If you ask me a more specific and detailed question about the cryptocurrency market, I will be able to provide an even more accurate response.

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