Mar 22, 2021
Top 3 platforms to earn Crypto Interest (for Singaporeans!)
Not sure what to do with your idle crypto assets? Why not deposit them into an interest account? This article goes through the best platforms with the highest interest rates. They are not ranked in any order, so feel free to compare & contrast!
- BlockFi
What are the assets & rates offered?
- Stablecoins (USDC, GUSD, BUSD, PAX) at 8.6% APY with exception of USDT at 9.3% APY and PAXG at 5% APY.
- BTC at 6% APY (what is the difference between APR & APY?)
- ETH at 5.25% APY
- LTC at 6.5% APY
- LINK at 5.5% APY
Why sign up with BlockFi?
- Earn $10 in BTC for every friend referred (they earn as well!)
- Earn interest and trade on the app itself! (Personal crypto loans is not allowed in Singapore)
- Mostly free services
2. Nexo
What are the assets & rates offered?
- Stablecoins (USDT, USDC, PAX, TUSD, DAI, HUSD) at up to 12% (base rates are 8%, 2% extra when you earn in NEXO)
- BTC, ETH, BCH, LTC, EOS, BNB, XLM, LINK, TRON at 4% APY (1% extra in Fixed Terms, another 2% when earn in NEXO)
- NEXO (only available as a Dividend from Earn In Kind)
Why sign up with NEXO?
- Earn extra interest when you earn them in NEXO!
- More than 10 assets to earn your interest in!
- Great customer service with proper follow-up procedures in place.
- Security & insurance on your assets.
3. Hodlnaut
What are the assets & rates offered?
- Stablecoins (DAI, USDC, USDT) at 8% APR, 8.3% APY
- BTC at 6% APR, 6.2% APY
- ETH at 6.5% APR, 6.7% APY
Why sign up with HODLNAUT?
- Firstly, support local! A Singaporean startup started by 2 young founders Simon and Jun Tao in 2019, they have grown exponentially to over S$100M of AUM.
- Secondly, insurance! Hodlnaut have teamed up with Nexus Mutual so that users can have insurance of up to US$22M at a attractive 2.6% premium p.a!
- Thirdly, earn sweet, bonus interest on even your friend’s assets by referring them to Hodlnaut! 10% of their interest earned along with yours? Now that’s passive income!
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**Disclaimer: What I am providing is not financial advice. The thoughts expressed here are meant for your own research purposes. Always, ALWAYS conduct your own research into the variety of options out there before you come to a final decision
