Tried and tested

Best Crypto Savings Accounts of March 2023

Cryptocurrency investors are always looking for the best way to grow their crypto assets. While some people invest in individual coins and tokens, others are turning to crypto savings accounts. These accounts offer a way to grow your money while still being able to access it when you need it. Here is a look at some of the best crypto savings accounts available today. We'll also explain how crypto savings accounts work and why they can be much better than a traditional savings account.

1 min read

We may receive compensation if you visit partners we recommend. Read our advertiser disclosure for more information.

Cryptocurrencies can be risky investments. Please read our terms of service and risk warning for more information.

Also Consider: Best Crypto Staking Platforms -- Best Crypto Lending Platforms -- Best Stablecoin Interest Accounts

Best Crypto Savings Accounts Roundup

Here are some of the most popular cryptocurrency savings accounts on the market right now:

  1. Nexo: Our top pick for best crypto savings account that pays interest daily

  2. YouHodler: Lots of coins to choose from and great yield opportunities

  3. Binance: For those who want an all-in-one solution

  4. OKX: Best known brand in the space with attractive yields

  5. Finblox: Innovative products that take the guess work out of which cryptos to choose


Nexo Savings Accounts


YouHodler Savings Accounts


Binance Staking


OKX Staking


CoinLoan Savings Accounts


We looked at more than 20 crypto savings accounts and performed an in-depth assessment to determine what we believed were the best platforms.

To do this assessment, we evaluated the following:

Basic features: These features include the ability to earn yield in a simple and intuitive way.

Advanced features: Whether they offer fixed savings accounts, dual lending, and other advanced features.

Availability: In which countries is the savings account available? Whether certain features are restricted in certain countries

Customer support: Whether accessing support simple, fast, easy, and accurate

Security: Do they use cold wallets? Are they insured? Do they offer whitelisting and two-factor authentication?

Reliability: Whether the exchange is buggy and goes offline. Whether they restrict logging in when the market is volatile

Other products: Do they offer crypto exchange, staking, credit cards, and other popular services?

We scored each exchange on these variables to determine its overall rank.

What are crypto savings accounts? How can it increase your crypto wealth?

A crypto savings account is a type of savings account that allows you to earn interest on your cryptocurrency holdings. Most of the time, you have to put a certain amount of cryptocurrency into these accounts, which is then used to earn interest. The interest rate on these accounts can be different depending on the cryptocurrency and the account's terms. However, some cryptocurrency savings accounts can offer annual percentage yields (APYs) of up to 27.45%, or more.

The concept of high-yield savings accounts is similar to that of traditional savings accounts at a bank or credit union. However, there are some key differences between the two. For one, banks and credit unions are regulated by governments, whereas crypto savings accounts are not. This means that there is more risk involved with investing in a crypto savings account. However, it also means that you have the potential to earn higher returns on your investment.

Another big difference is that most banks and credit unions offer FDIC insurance, which protects your deposit if the institution fails. Crypto accounts do not offer this type of protection; however, they often offer private insurance.

What to look for when choosing the best crypto savings accounts

There are a few things you should look for when choosing a crypto savings account:

  1. The interest rate: Make sure to compare the interest rates of different accounts before choosing one.

  2. The fees: Some accounts may have higher fees than others. Again, make sure to compare before choosing an account and make sure there are no hidden fees.

  3. The security features: This is especially important if you're planning on storing large amounts of money in your account. Look for features like multi-factor authentication and cold storage.

  4. Customer support: In case you ever need help with your account, it's good to know that there is someone you can contact for assistance.

  5. The ease of use: Choose an account that is easy to use and understand.

These are just a few things to keep in mind when choosing a crypto savings account. Do your research and compare different accounts before making a decision.

Pros and cons of crypto savings accounts

As we all know, a crypto savings account has its pros and cons.

Some people believe that a crypto savings account is a great way to save money, while others think that it is not secure enough. Let us take a look at both sides of the argument so that you can decide for yourself whether or not a crypto savings account is right for you.

So, these are some of the pros and cons of crypto interest accounts. You need to decide for yourself whether or not this is the right option for you. If you are looking for a safe and secure way to save your money, then a crypto savings account may be a good option for you. However, if you are looking for a way to earn more money, then you may want to look into other options.

Is it safe to use crypto savings accounts and do they have FDIC insurance?

When it comes to saving accounts, most people are used to the idea of keeping their money in a bank account. After all, banks are insured by the FDIC, so your money is safe if the bank fails. But what about crypto savings accounts? Are they safe?

The short answer is that the FDIC does not cover crypto savings accounts at this time. This means that if the exchange where you hold your account were to fail, you could lose all of your savings. For this reason, it's important to only keep as much money in a crypto savings account as you're comfortable losing.

Of course, this doesn't mean that crypto savings accounts are completely unsafe. Many platforms have robust security measures in place to protect your crypto savings. And if you keep your account balance low, the risk of losing everything is much smaller.

So if you're looking for a safe place to save your money, a bank account is still the best option. But if you're comfortable with the risks, a cryptocurrency savings account could be a good way to grow your wealth.

When choosing a platform, look at their insurance policies and whether they're regulated. It's also worth checking to see if they've ever suffered from liquidity issues. This can indicate whether this is a trustworthy platform to place your cryptocurrency. Nexo, CoinLoan, and YouHodler are regulated and have private insurance to keep crypto savings accounts safe.

All three of these platforms offer best-in-class, user-friendly interfaces and a wide range of features that make them perfect for first-time crypto users. None of these platforms has ever suffered from hacking or liquidity issues.

How to open a crypto savings account

In order to open a crypto savings account, users will need to take the following steps:

  1. Choose a reputable crypto savings account provider. There are many different providers to choose from, so it is important to do some research to find one that best suits your needs.

  2. Create an account with the chosen provider. This will usually involve providing some personal information and verifying your identity.

  3. Deposit funds into your account. You can do this using traditional fiat currency or cryptocurrency.

  4. Start saving in your new crypto savings account! Your account will automatically earn interest on your crypto savings, which you can withdraw at any time.

With a crypto savings account, you can easily and safely save your money without having to worry about the volatile nature of the cryptocurrency markets, particularly with Stablecoins. It's similar to a traditional savings account but completely digital. So why not start saving today?


If you're looking for the best crypto savings accounts, take a look at some of the options we've highlighted above. Each of these crypto savings platforms offers unique benefits and features, so be sure to do your research before making a decision. And if you need a quick infusion of cash, don't forget that many of these platforms also offer loans against your crypto assets.

Best Crypto Savings Accounts