8 Best Crypto Savings Accounts of 2022

A curated list of the best crypto savings accounts to help you maximise your interest on crypto assets.

ALSO CONSIDER: Best crypto lending platforms || Best Bitcoin interest accounts

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 where we'll also explain how crypto savings accounts work and why they can be much better than a traditional savings account.

Crypto Savings Accounts Roundup

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

  1. Nexo: Overall Best Crypto Savings Account Platform and it Pays Interest Daily
  2. Midas.Investments: One of the Best Crypto Savings Accounts with Massive Interest Rates
  3. CoinLoan: The Best Crypto Savings Account Provider for New Investors
  4. YouHodler: User-Friendly Crypto Savings Account Provider with Compound Earnings
CoinPlatformInterest Rate (APY)

Nexo: A large selection of cryptocurrency assets for passive income

Nexo is a financial services company that offers arguably the best crypto-based savings accounts. Nexo clients can earn up to 36% annually on their savings accounts. Nexo is one of the most popular cryptocurrency lenders and has lent over $400 million to date.

They take security seriously, with multiple layers of security including cold storage for all client crypto deposits.

Pros of Nexo are:

  • High-interest rates on deposited crypto, up to 36% annually
  • Many of the best cryptocurrencies to choose from
  • Regulated in Europe

Cons of Nexo are:

  • To earn the best yield on crypto savings accounts, you need to stake NEXO tokens
  • It can be unclear what interest rates you'll earn on their crypto savings accounts


Overall, Nexo is one of the best crypto savings accounts for those looking to earn interest on their crypto. The company is well regulated and takes security seriously, making it a safe and trustworthy option. It also helps that they offer exchange, loan, and card services in their app, making them a 360-degree crypto super app.

See the Nexo review.

Nexo Savings Accounts
CoinPlatformInterest Rate (APY)

Midas.Investments: One of the Best Crypto Savings Accounts with Massive Interest Rates

Midas.Investments' goal is to help investors in cryptocurrencies gain higher yields of interest. The platform certainly offers a variety of opportunities for those seeking greater returns, with interest rates up to 9.42% APY for Bitcoin holders and 10.63% APY for Ether.

Pros of Midas.Investments are:

  • Exceptional returns on a wide range of coins
  • Very active community especially on Discord

Cons of Midas.Investments are:

  • Difficult to use interface for beginners
  • Comparatively higher fees to operate the platform
  • Currently do not offer any insurance plans


Overall, the platform can provide exceptional returns, however, there's definitely complexity in using it and they lack some of the insurance and security features that other major platforms.

See the Midas.Investments review.

Midas.Investments Savings Accounts
CoinPlatformInterest Rate (APY)

CoinLoan: A great choice for beginners wanting a high-interest crypto savings account that's as easy as a traditional savings account

CoinLoan is a cryptocurrency savings account that competes with established names like YouHodler and BlockFi. It allows crypto users to obtain interest rates on their cryptocurrency and borrow in return for crypto collateral.

CoinLoan supports 23 different assets, including fiat money, cryptocurrency, and Stablecoins. Interest Accounts are an option for those who want to borrow in bitcoin rather than conventional loans. The monthly compounded interest rate on Interest Accounts is up to 12.3 percent APY.

CoinLoan pros:

  • For crypto savings accounts, interest rates are relatively high
  • Fiat and crypto asset support
  • Global coverage
  • There are several alternative payment methods, including wire transfer, SWIFT, SEPA, and AdvCash
  • User-friendly
  • European Commission-approved and Licensed
  • As easy to use as a traditional savings account

CoinLoan cons:

  • With a modest track record, it's a relatively young crypto savings platform
  • On other crypto savings platforms, you may be able to get higher interest rates
  • To get the best interest rates, you need to stake CLT tokens


Overall, CoinLoan is one of the best crypto savings accounts as the app is a dream to use, the interest rates are very high, even without staking CLT and it ticks all the security and regulation boxes. There’s a lot to like with this savings account and we highly recommend it.

See the CoinLoan review.

CoinLoan Savings Accounts
CoinPlatformInterest Rate (APY)

YouHodler: Innovative products that can help you earn more

YouHodler is a high-yield savings account that offers yield services on your deposited crypto. You can also use the platform to buy and sell cryptocurrencies, as well as trade on a variety of different exchanges through the YouHodler app.

YouHodler is regulated by the Financial Intelligence Unit of Estonia and is compliant with the 5th Anti-Money Laundering Directive. The company uses 2-factor authentication and stores all user funds in cold storage wallets.

Pros of YouHodler are:

  • Competitive interest rates
  • Innovative products like Multi Hodl
  • Regulated by the Financial Intelligence Unit of Estonia

Cons of YouHodler are:

  • Relatively high fees compared with competitors


YouHodler is a favorite among our community for its easy-to-use apps, innovative and high-yielding products, and great customer support. They're insured and regulated and they pay high interest. What's more to like?

See the YouHodler review.

YouHodler Savings Accounts
CoinPlatformInterest Rate (APY)

Hodlnaut: Very competitive interest rates

Hodlnaut is a crypto savings account platform that was launched in early 2020. The savings account enables users to earn interest on their crypto assets through staking and lending. Hodlnaut also offers a suite of tools to help users manage their portfolios and track their performance.

Hodlnaut's primary focus is on security and transparency. The platform is regulated by the Monetary Authority of Singapore and all user funds are held in cold storage with multi-signature protection. Hodlnaut also offers a mobile app for Android and iOS devices.

Hodlnaut Security

All cryptocurrencies kept with Hodlnaut are put into cold storage. No hot wallets have ever been used.

Customers can use Nexus Mutual to purchase additional coverage to protect against hacking risks. However, Hodlnaut is not responsible for these insurance premiums.

If you believe Hodlnaut is the solution for you, consider purchasing insurance through a smart contract like Nexus Mutual's Hodlnaut Custody Cover. You'll be covered up to $36 million with a premium of 2.6% per year.

Hodlnaut pros:

  • Some of the best rates in the industry
  • Licensed and regulated in Singapore
  • Easy-to-use app

Hodlnaut cons:

  • The timezone is in Singapore, so if you live elsewhere and need customer support, there can be a delay
  • Insurance is an add-on with an expense
  • They lack the range of coins that competitors have


Hodlnaut is a relatively new entrant, however, they’re doing all the right things from a security, regulation, and user experience perspective. Their interest rates on popular coins like Bitcoin are amongst the highest in the industry. Do note, however, that insurance is an add-on and we believe it’s a must-have.

See the Hodlnaut review.

Hodlnaut Savings Accounts
CoinPlatformInterest Rate (APY)

BlockFi: A solid crypto wallet and competitive crypto savings accounts

BlockFi is a financial services company that offers high-interest bearing accounts and loans backed by cryptocurrency assets. BlockFi clients can earn up to 7.5% annually on their deposited crypto, loan out their crypto at attractive rates, and use their crypto as collateral for USD loans. BlockFi is one of the most popular cryptocurrency savings accounts and has lent over $50 million to date.

BlockFi takes security seriously, with multiple layers of security including cold storage for all client crypto deposits. Overall, BlockFi is a great option for earning interest on your deposited crypto, taking out a loan backed by crypto, or using crypto as collateral for a USD loan.

Pros of BlockFi:

  • High-interest rates on deposited crypto, up to 7.5% annually
  • Regulated by the NYDFS and FCA

Cons of BlockFi:

  • Minimum deposit requirements for earning interest
  • Some services are not available to residents of the United States
  • Some interest accounts don't offer interest rates that are competitive with other lending platforms


Overall, BlockFi is a great option for those looking to earn interest on their crypto, take out a loan backed by crypto, or use crypto as collateral for a USD loan. The company is well regulated and takes security seriously, making it a safe and trustworthy option. Overall, the BlockFi interest account is a great option for those looking to make use of their cryptocurrency holdings.

See the BlockFi review.

BlockFi Savings Accounts
CoinPlatformInterest Rate (APY)

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. These accounts typically require you to deposit a certain amount of cryptocurrency, which is then used to generate interest income. The interest rate paid on these accounts can vary depending on the underlying cryptocurrency and the specific terms of the account. 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 key difference is that banks and credit unions typically offer FDIC insurance, which protects your deposit in the event of the institution's failure. Crypto accounts do not offer this type of protection, however, they do often offer private insurance.

What to look for when choosing 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.


  • A crypto savings account offers a higher interest rate than a traditional savings account. This means that you can earn more money by saving in a crypto savings account.
  • Some argue that a crypto savings account is more secure than a traditional savings account. This is because your money is stored in a decentralized network which makes it less likely to be hacked. This is only true for DeFi.
  • A Crypto savings account is a great way to diversify your portfolio. This is because you can invest in different types of cryptocurrencies which can offer you different returns.


  • A Crypto savings account is not insured by the FDIC. This means that if something happens to the exchange where you are storing your money, you may not be able to get it back.
  • A Crypto savings account is a new concept and there are not many exchanges offering this service. This means that it may be hard to find an exchange that offers a good interest rate and is also secure.
  • Crypto savings accounts may be subject to volatility. This means that the value of your money may go up and down depending on the market conditions.

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 crypto savings accounts are not currently insured by the FDIC. 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 exchanges 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.

Nexo, and BlockFi 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. Plus, all three platforms are backed by major financial institutions, they're insured and regulated, so you can rest assured that your money is in good hands.

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.

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