7 Best Crypto Lending Platforms With High Interest Rates

Crypto lending is a way to earn passive income from cryptocurrencies. There are many crypto lending platforms that investors can use to generate this passive income. However, the choice of which platform to use depends on the priorities you have in mind such as: B. low fees, high interest rates, etc.

If your priority is earning high interest on your money, here are seven crypto lending platforms that deliver the highest interest rates, listed in no particular order.

1. BlockFi

BlockFi is a cryptocurrency trading platform that also offers crypto loans. It allows investors to lend assets to borrowers and pays them interest on their investments. BlockFi is one of the highest paying lending platforms, paying up to 7.50% annualized return (APY).

A tiered system is used to pay interest rates that vary depending on the asset you lend. Stablecoins generally yield higher interest rates than other assets. Find out what stablecoins are if you don’t know much about them and see how the largest stablecoin, Tether, works as an example.

To participate in the loan program, you must sign up for the BlockFi Interest Account (BIA). Interest is paid to account holders at the beginning of each month. If you are new to crypto lending, it is advisable to do some research on what crypto lending is and how it works before participating.

2. Centigrade

Celsius is a US-based crypto lending platform that allows users to borrow, lend, and transfer crypto assets with no fees. It also offers one of the highest interest rates in the space.

Celsius pays up to 17% interest on digital assets, depending on which ones you rent out. Rates are generally higher than most platforms, regardless of asset. If you choose to earn Celsius’ native CEL token, you’ll earn an additional 25% interest.

Payments to lenders are made weekly and you can use the calculator on the site to check how much interest you’re due based on your chosen asset, even before you invest.

3. YouHolder

That YouHolder The platform is used for many crypto-related activities. Users can store and trade cryptocurrencies, as well as use them to pay for goods or services. It is also one of the best paying lending platforms for those looking for passive income.

YouHolder offers up to 12% APY on deposited cryptocurrencies and stablecoins. Supported assets include Bitcoin (BTC), Pax Gold (PAXG), USD Coin (USDC), True USD (TUSD) and many others. Like BlockFi, YouHolder offers the highest rates for stablecoins, but does not use a tiered system.

4. Fog

fog is an all-in-one platform for everything crypto, including borrowing, earning, trading and even insuring your wealth. In terms of crypto lending, Nebeus offers some of the best interest rates.

You can earn up to 12.85% RPY for renting cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and stablecoins like Tether (USDT) and USD Coin (USDC). Nebeus does not charge fees for depositing assets used for this purpose.

There is an interest calculator on the platform that you can use to check how much monthly interest you are entitled to at the start of your crypto lending journey. Interest is paid monthly in any cryptocurrency of your choice. It is possible to withdraw the interest daily, still without any fees.

This is one of the fully regulated lending platforms that gives its users confidence that their funds are completely safe. It also has a wallet that facilitates instant transfers between crypto accounts and fiat bank accounts.

5. Crypto.com

Krypto.com is a top cryptocurrency exchange that also offers crypto lending services. This allows its users to earn interest on their digital assets by renting them out for lending. You can earn up to 14.5% by renting out your assets, including 40+ cryptocurrencies and stablecoins.

As with other crypto lending platforms, you can review your interest rate based on the cryptocurrency you choose to use. Polkadot and Polygon are currently among the top yielding assets at 12.5% ​​each.

To participate, you must register with Crypto.com and become a verified user. You can then deposit your money and start earning monthly interest on it.

6. Nexo

NEXO is a cryptocurrency platform that offers various services including buying, selling and trading digital assets. Nexo supports more than 300 assets and also allows its users to earn interest on their crypto assets by making them available for lending.

The platform pays up to 16% APY on cryptocurrencies with compound interest. There are no fees for this service and participants receive daily payouts. As it is a lending platform, you can also borrow funds secured by your crypto assets as collateral.

Interest is usually paid in the cryptocurrency you rent, with Polygon (MATIC) generating the highest returns at 16%.

7. CoinLoan

CoinLoan provides a regulated platform for buying, storing and trading cryptocurrencies. It is also a renowned crypto lending platform that can help you earn passive income from your idle digital assets. For this purpose, 23 assets with different interest rates are supported.

As with most crypto lending platforms, CoinLoan pays the highest interest rates on stablecoins, but also on fiat currencies like sterling and euros. The highest interest rate is 12.3% and interest payments are sent daily.

CoinLoan’s greatest strength is that it is a registered and fully regulated platform, giving security to your wealth. It is also a certified digital asset custodian covered by an insurance policy, so you never have to worry about the safety of your crypto assets.

Which Crypto Lending Platform Should You Use?

All of the above crypto lending platforms offer high interest rates on your assets compared to other platforms in the industry. However, you may be interested in one of them more than the other, which is okay. For example, you may be more interested in the safety of your wealth, making either Nebeus or CoinLoan more interesting to you. But if you’re looking for the highest returns and nothing else, Nexo might be your platform of choice.

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