Best Crypto Lending Platforms

A curated list of the best crypto lending platforms for rates, terms, security, and more.


Here are a handful of the most popular cryptocurrency lending platforms on the market today:

  1. Nexo: The best crypto lending platform that provides interest daily
  2. AQRU: The fastest-growing cryptocurrency lending platform
  3. CoinLoan: Very easy to use cryptocurrency lending platform and some of the most competitive crypto lending interest rates for your crypto assets
  4. YouHodler: Arguably the most innovative and one of the best crypto lending platforms in the industry
  5. Celsius Network: A very passionate and happy crypto lending community
  • Nexo

    USD Coin (USDC)

    12% APY

    Intro offer

    Invite friends and earn up to $1,000, paid out in Bitcoin


    375,000,000 USD for theft, hacking, loss of keys and more

    Worth noting

    Earn 2% more when opting to earn interest in NEXO tokens

  • AQRU

    USD Coin (USDC)

    3% APY

  • CoinLoan

    USD Coin (USDC)

    10.3–12.3% APY

    Intro offer

    No current offers


    $100M insurance included

    Worth noting

    Earn higher interest and pay lower fees when staking their CLT token

  • YouHodler

    USD Coin (USDC)

    11.33% APY

  • Celsius

    Bitcoin (BTC)

    6.3% APY

Nexo: The highest paying crypto lending platform that provides interest daily

Nexo is one of the best crypto lending platforms that allows users to earn interest on their digital assets. The platform supports major cryptocurrencies such as Bitcoin, Ethereum, Litecoin, XRP, and more.

What coins does Nexo support?

Nexo supports 35 different coins and tokens, including popular ones such as Bitcoin, Ethereum, Litecoin, Dash, and Ripple. This makes it one of the most versatile platforms when it comes to cryptocurrency investments.

What is the NEXO coin?

Nexo coin is the native token of the Nexo platform. It is used to pay interest on loans and provides holders with several benefits such as discounted fees and higher interest rates in their savings accounts.

Pros of Nexo are:

  • Deposits with high-interest rates, up to 36% per year
  • There are many different cryptocurrencies to choose from
  • Regulated in Europe and arguably the safest crypto lending platform
  • Withdrawal fees are waived three times per month

Cons of Nexo are:

  • To get the greatest return on this crypto lending platform, you must stake NEXO tokens
  • It's difficult to forecast what interest rates you'll receive


Overall, Nexo is a reliable and user-friendly lending platform that offers competitive lending rates. It is a good choice for those looking to access funding without having to sell their cryptocurrency holdings.

Nexo Lending Rates
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AQRU: The fastest-growing crypto lending platform

The AQRU crypto lending platform was built as a gateway to high-yielding cryptocurrency profits. Despite its simplicity and accessibility, AQRU claims that it is a safe lending platform with funds that are protected from theft and hacking. Institutional traders may also use the platform, which offers trading in numerous cryptocurrencies including Bitcoin, Ethereum, USDT, USDC, and DAI.

AQRU's Coins

The AQRU crypto lending platform supports Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Tether (USDT), DAI, Euro, and GBP Sterling.

Pros of AQRU are:

  • A virtual asset exchange and custodian under Lithuania’s legal framework
  • Adheres to national and international financial regulatory standards
  • Competitive interest rates
  • User-friendly interface
  • Uses Fireblocks wallet infrastructure to protect investors’ money
  • A multi-layered insurance policy

Cons of AQRU are:

  • Relatively new platform
  • Lacks many popular cryptocurrencies


AQRU is doing all the right things to become the leading crypto lending platform with competitive insurance, regulatory oversight and top-tier interest rates. They’re the fastest growing lender and there’s good reason for it.

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CoinLoan: Very easy to use crypto lending platform and some of the most competitive interest rates on the market

CoinLoan is a bitcoin lending platform that competes with other well-known firms like Celsius Network and YouHodler. It permits clients to earn interest on their bitcoins while borrowing in return for crypto interest.

How CoinLoan works

CoinLoan is definitely one of the best crypto lending platforms that allows users to earn high-interest rates on their crypto holdings.

What coins does CoinLoan support?

CoinLoan currently supports 27 different types of cryptocurrency, including popular coins like Bitcoin, Ethereum, Tether, and USDC.

CLT Tokens

CLT tokens are the native tokens of the CoinLoan platform. They are used to pay interest on loans and can also be staked to earn rewards.

CoinLoan pros:

  • Lending rates on this crypto lending platform are very competitive
  • You can store both fiat and cryptocurrency funds in the same account;
  • Global coverage;
  • Wire transfer, SWIFT, SEPA, and AdvCash are all viable options; however, they may take up to ten business days;
  • User-friendly;
  • Approved and licensed by the European Commission, making it one of the safest crypto lending platforms

CoinLoan cons:

  • It's a relatively young cryptocurrency savings platform with just a few years of operation;
  • Stake CLT tokens to receive the highest interest rate.


Overall, CoinLoan is a convenient and easy-to-use crypto lending platform that offers competitive interest rates for crypto assets on its savings accounts. While it is still relatively new and does not yet support all major cryptocurrencies, it is a promising platform with a lot of potential to increase your passive income.

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YouHodler: Arguably the most innovative lending service in the crypto lending industry

YouHodler is a crypto-backed lending platform that allows users to collateralize their digital assets and receive loans in fiat or stablecoins. Currently, the platform supports 56 different digital assets, including popular cryptocurrencies such as Bitcoin, Ethereum, XRP, and Litecoin.

What coins does YouHodler support?

YouHodler currently supports 56 different digital assets, including popular cryptocurrencies such as Bitcoin, Ethereum, XRP, and Litecoin. The full list of supported assets can be found on the YouHodler website.

Pros of YouHodler

  • Some of the key advantages of using YouHodler include:
  • Competitive interest rates: YouHodler offers some of the most competitive interest rates in the industry
  • User-friendly platform: The YouHodler platform is designed to be user-friendly and intuitive, making it easy for even first-time users to get started.

Cons of YouHodler

  • Some of the potential drawbacks of using YouHodler include:
  • Not available in all countries: YouHodler is currently only available to users in select countries.
  • High fees: Some of their fees for using the platform can be much higher than the competition's


Overall, YouHodler is a user-friendly platform that offers competitive interest rates in fiat, crypto, or stablecoins.

YouHodler Lending Rates
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Bitcoin (BTC)


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Celsius Network: A very passionate and happy crypto lending community

Celsius Network is a lending and borrowing platform that allows users to earn interest on their cryptocurrency holdings or take out loans using their digital assets as collateral. The company was founded in 2017 by Alex Mashinsky, a serial entrepreneur and early investor in Skype.

What coins does Celsius Network support?

Celsius Network supports a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and more. In total, there are 52 different digital assets supported on the platform.

What is the CEL token?

The CEL token is the native currency of the Celsius Network platform. Holders of CEL tokens can receive benefits such as lower interest rates on loans and higher interest rates on deposits. Additionally, CEL token holders can vote on platform decisions and have a say in the direction of the company.

Pros of Celsius Network

  • Competitive interest rates on deposits.
  • Second, the process of lending is extremely simple and user-friendly.
  • Celsius Network is one of the most trusted and well-established companies in the space, giving users peace of mind when using the platform.

Cons of Celsius Network

  • The platform is not available to residents of all countries.
  • Customers in the US are restricted to only accredited investors.
  • The platform does have some fees associated with it, though they are relatively low.


Overall, Celsius Network is a great option for those looking to earn interest on their digital assets or take out loans using cryptocurrency as collateral. The platform is simple to use, has competitive rates, and is backed by a reputable company. However, it is important to note that the platform is not available to everyone and does have some fees associated with it.

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What is a crypto lending platform?

Before we delve more deeply into how crypto lending platforms work, you must understand precisely what they are. Essentially, a crypto lending platform functions as a traditional lending platform.

You use a crypto lending platform to a crypto asset to earn passive income with an annual percentage yield, which gets lent on your behalf via a third party. Instead of dealing with funds in fiat, your funds get held in a cryptocurrency of your choice.

To begin earning money on your cryptos, it's as simple as opening an account. This step lets your crypto assets start working for you. As you can see, this approach represents an excellent way to break into the crypto investing world without diving immediately into the deep end of the pool.

How does a crypto lending platform work?

Admittedly, there are some essential differences between a traditional lending platform and a crypto lending platform. Instead of simply depositing money into your account, you transfer it into a crypto assets wallet. This wallet gets controlled by the lending platform provider you choose.

Once you've funded your wallet, you'll begin to earn interest every time another platform user borrows your crypto assets at a pre-arranged interest rate. This interest rate will vary based on a variety of factors, including market prices.

After all, when demand proves high, and the supply side of things struggles to keep up, expect to see interest rates skyrocket. Of course, the lending platform you choose significantly impacts the final price you'll receive for lending cryptos.

For this reason, the platform you choose remains among the most vital components of a successful cryptocurrency lending strategy.

A crypto lending platform versus a traditional lending platform

So far, we've focused on the similarities between traditional and crypto lending platforms. But you must also be aware of some critical differences before you start to earn interest in cryptos. These differences relate to:

  • Collateralization
  • FDIC Insurance
  • Yields
  • Fund access

What do you need to know about each of these critical areas of difference? Let's take a closer look.

That way, you'll know what to expect before picking a platform and funding your first crypto wallet. We'll start by tackling the topic of collateralization.


Many crypto lending platforms require what's known as the collateralization of crypto assets. Why? Because collateralization significantly reduces the risks associated with dealing with cryptos.

For example, BlockFi requires a 50 percent [loan-to-value (LTV) collateralization. This LTV rate compares the amount of a loan a consumer wants to take out against a potential purchase value.

As for collateralization? It refers to the fair market value of the assets used to secure a loan.

How do companies determine collateral value? By looking at the recent sale prices of similar assets. In some cases, this process may involve appraisal by a qualified expert, too.

Collateralization permits cryptocurrency companies to maintain a large buffer. This buffer protects the exchange or platform should the borrower neglect to pay interest payments on a loan.

The buffer also provides safeguards should the market correct. This approach to lending shields companies against the capriciousness of the crypto market.

The collateralization approach does something else. It nixes the need to perform traditional credit checks.

Why? Because the collateral provided guarantees the assets in question.

Of course, you won't find this level of collateralization with a traditional bank loan. For this reason, traditional banks prove far more vulnerable to loan defaults. That's why they perform credit checks to estimate whether a borrower proves creditworthy.

FDIC Insurance

What's another key difference between a traditional lending platform through a bank and one through a crypto exchange or platform? FDIC insurance.

Most traditional bank lending platforms come with a $250,000 Federal Deposit Insurance Corporation (FDIC) policy. For this reason, many people assume that crypto lending platforms have similar safeguards.

But don't make this faulty assumption. Such is not the case.

Many crypto lending platforms don’t have any associated federal insurance. That said, a growing number of them are making up for this with private insurance provided via companies like Lloyd's of London and AON.

Is this insurance essential? Absolutely.

Cryptocurrency companies have had to get creative about how they protect digital assets. As more money continues to flow into the crypto-asset market, digital currency companies will present tempting targets to hackers.

As losses from hacks continue to rise, we expect a growing number of companies to turn to outside-of-the-box security strategies. These strategies will protect the funds consumers entrust to crypto lending platforms.


We've been conditioned to expect very little from traditional bank lending platforms when it comes to yields. In a survey of the top high-yield online lending platforms, Bankrate annual percentage yields hovered between 0.52 percent with CIBC Bank USA and 0.65 percent with Quontic Bank.

These rates are nothing to write home about. Yet, they represent some of the highest-yield lending platforms available in the traditional banking world today!

As for crypto lending platforms? Get ready for much larger yield numbers.

Yields on cryptocurrencies range from about one percent to twenty percent or more. Yes, you read that right.

As you can see, these yields prove significantly higher than what you'll get with traditional lending platforms.

Why such a substantial difference? Crypto banks can’t produce money supply, so they attract investors with high yields.

As a result, supply and demand for cryptos determine interest rates. Because demand remains far higher than supply across a broad range of cryptocurrencies, expect to make more when lending digital coins via a lending platform.

Fund Access

Another significant factor you must get used to with crypto lending platforms is limited fund access. Traditional lending platforms let you freely withdraw funds up to six times per month without restrictions or penalties. But crypto lending platforms function differently.

They may limit your access to assets for a set amount of time from the date you make a deposit. They may also charge you fees for withdrawals, especially when you need to liquidate assets before the end of the pre-set period.

This reality can prove a nasty surprise for consumers who don't understand all aspects of dealing with cryptos. After all, there's currently no standardized guidance when it comes to withdrawal limits. For this reason, it can be tough to summarize what's standard across the industry.

Always read the fine print before funding a wallet through any platform or exchange. It doesn't hurt to read the company's frequently asked questions (FAQs), either. That way, you can learn more about potential fees.

Or, if you're lucky enough to work with a company that offers live customer service, ask a representative about how to gain access to funds. That way, you'll never get charged more than you should.

What to look for in a crypto lending platform

After considering the yields listed above, are you ready to learn more about earning interest on your cryptos? If so, you're far from alone. But you'll need to keep a few factors in mind as you begin to explore which platform is right for you.

Some things to research when selecting a crypto lending platform provider include:

  • The coins supported by the company
  • The withdrawal restrictions in place
  • The availability of crypto assets for purchase
  • The loan-to-value (LTV) rates offered by the brand
  • Whether compound interest is provided via the platform
  • The security of the platform

Each of these factors will tell you a wealth about what working with a specific company will look like. With that in mind, let's take a closer look at what you should consider when searching out the right crypto savings platform for your financial needs.

Coins that crypto lending platforms offer

When dealing with a traditional bank account, you don't have to make decisions about currencies. Your nation's fiat currency chooses you.

But different crypto lending platforms providers different types of cryptocurrencies. You must be prepared to deal with this significant deviation from mainstream lending platforms.

Where to start when it comes to selecting a cryptocurrency? Bear in mind that no account provider will permit you to earn interest on every coin on the market. After all, these platforms need to make a profit, too.

For this reason, you should carefully verify which digital currencies are supported by each company you consider. What's more, if you already own cryptocurrency, you may need to get even pickier.

What do we mean? There's no point in selecting a provider that can't support the coins you possess. If you're lucky enough to hold assets in Bitcoin (BTC), Ethereum (ETH), or even Litecoin (LTC), this likely won't prove an issue.

These are widely accepted cryptos among almost the entire crypto lending space. But if you're the proud owner of a stash of Dogecoin, DentaCoin, or KodakCoin, you'll need to dig deep to find a company that supports your weird and wacky assets.

Are you ready to find out more about the most popular cryptocurrencies and altcoins on the market today? If so, take a look at our comprehensive list of the most commonly used cryptos, from Binance USD to Gemini Dollar and EOS.

Purchase availability of various crypto assets

Purchase availability issues may or may not apply to you. It all depends on whether you already hold crypto assets.

If not, you should select a crypto savings provider that offers accounts with market access. What does this mean? Market access stipulates that you can buy cryptocurrency via the platform and set up your lending platform with that company.

Going this route will streamline and simplify the entire crypto onboarding process. In turn, it means you can start earning yields on your crypto holdings sooner. And you nix unnecessary paperwork, transactions, etc.

Compound interest and whether it applies

Many consumers assume they'll earn compound interest on their crypto lending platform. But such is not always the case.

For this reason, you must inquire about whether a compound interest rate applies to the lending platform you're interested in applying for.

What if you find yourself in the unenviable position of having a lending platform that lacks a compound interest rate? Understand that you'll still earn interest on your initial deposit over time. But it won't be anywhere near what you'd see with a compounding interest account.

In other words, you'll have to trade or spend the interest to realize its potential fully. This situation proves incredibly frustrating for investors who prefer a hands-off approach. You owe it to yourself to ensure any account you fund comes with the advantages of compound interest.

The security of the platform

We've already touched on this issue tentatively in discussing the differences between traditional bank lending platforms and crypto lending platforms. As you know, companies have had to up their games significantly in response to threats from hackers.

Hence the new focus on insurance companies such as Lloyd's of London as security provision solutions. But the safety of a given platform shouldn't stop at insurance alone. Look for companies that provide two-factor authentication (2FA), a vital step in safeguarding your digital assets.

Because crypto companies don’t have FDIC insurance, the account provider's financial stability matters that much more. The best companies also offer cold storage solutions, providing additional layers of financial security.

Crypto lending regulation

Crypto lending is a new phenomenon and regulators in the US and around the world are struggling to keep up with it. It's important to understand the regulatory environment in your country to make sure you're not breaking any laws. You can learn more about crypto lending regulation.

Can you make money with crypto lending platforms?

Now we come to the question that everyone's been waiting for. Can you turn a decent profit with a lending account? The short and simple answer is yes, especially if you deposit your funds into a high-yield crypto lending platform.

That said, you'll receive the yield in the cryptocurrency of your choice. In other words, if what you're most concerned about is generating revenue in a fiat currency such as the dollar, you may not reap the results you want with a crypto lending platform.

It's hard to beat the yields many cryptocurrency exchanges and platforms offer. These fantastic yields (up to 20 percent) on USDC prove tempting even to the most skeptical of crypto users.

Remember, there's a very close parity between the US dollar and the USDC coin, making USDC an excellent asset to hold under the right circumstances. Nevertheless, sudden fluctuations in demand--particularly drops in demand for the USDC--could wipe out your initial investment and subsequent returns.

Yes, you may see fantastic returns when investing in cryptos, but nothing is guaranteed.

That said, if you already own cryptocurrency or would like to purchase some, a crypto lending platform comes with genuine value. And, yes, a lending platform can generate money if you know what you're doing.

Crypto lending platforms: The takeaway

We've covered plenty of ground in this best crypto lending platform article. We started by exploring what crypto lending platforms are and how they work. Next, we considered the pros and cons of these new lending platform options in the context of traditional lending platforms.

Despite listing some of the highest standard bank account yields, it quickly became evident how much more you stand to gain with a crypto lending platform.

After listing some of the most popular platforms in each category, we considered each system's features, providing you with a better understanding of which technology is right for you and your crypto assets when choosing the best crypto lending platform.

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