The Cryptocurrency Thread

BlockFi
With no account minimums, BlockFi is making high yields accessible to many crypto investors. The exceptionally high yield on BitCoin is intriguing for investors with less than 5 Bitcoin (which is likely most investors as 5 Bitcoins is a lot of money).
Investors with more than 5 Bitcoin will only yield 2.0%, however. So the more you have, unfortunately, the less you earn.
Bonus Offer: Get up to $250 bonus when you make a $25 deposit and maintain it for the specified period of time.
Get started with BlockFi here >>
blockfi logo
OPEN AN ACCOUNT
Linus
Linus is the crypto-based savings account that looks and acts the most like a (very) high yield savings account. Investors deposit US dollars and earn interest in dollars.
However, under the hood, Linus is lending out money to people buying Ethereum (it does not advertise any other pooling layers). This setup assumes a relatively stable price on Ethereum which investors need to understand before opening a savings account. Learn more about Linus by reading our full review.
Get started with Linus here >>
Linus Logo
OPEN AN ACCOUNT
Outlet Finance
Outlet Finance is an account that doesn’t require a lot of knowledge about specific cryptocurrencies because it only pays interest on US dollars. Users deposit dollars and earn dollar-based interest.
The only wrinkle is that your dollars are being lent out to buy Ethereum and other cryptocurrencies. Right now the company advertises interest rates of up to 6% on US dollars. Read our full review of Outlet Finance.
Get started with Outlet Finance here >>
Outlet finance logo
OPEN AN ACCOUNT
Gemini
Gemini has been known as a solid choice for investing and trading crypto for the past few years, and their platform is actually the backbone for several others.
However, Gemini was late to the cryptocurrency savings game. They just launched Gemini Earn, where you can get interest on your crypto holdings. You can receive up to 7.4% interest, including 2.05% on BTC, by transferring your crypto to Gemini Earn.
Read our full Gemini review here.
Get started with Gemini here >>
Gemini logo
OPEN AN ACCOUNT
Coinbase
Coinbase is best known as a digital wallet. But it also serves as a digital crypto savings account for some customers. Eligible US based customers can earn 1.25% APY on US Dollar Coins.
Unlike other companies on this list, Coinbase doesn’t lend out it’s USDC. Instead, this is a way to earn a small amount of interest while you wait to make trades on CryptoCurrency. Plus, if you deposit $100 or more, you'll get a $5 bonus!
Read our full Coinbase review here.
Get started with Coinbase here >>
coinbase logo
OPEN AN ACCOUNT
Crypto.com
Crypto.com advertises some of the highest interest rates on the market. But the terms to get these rates are very specific. Investors with smaller amounts of cryptocurrency are likely to find better yields outside of Crypto.com.
The platform pays interest on 15 traditional cryptocurrencies and 8 stablecoins. The yields are based on simple daily interest. And to get the highest yields you will have to keep your investment for at least 3 months.
Read our full Crypto.com review here.
Get started with Crypto.com here >>
crypto dot com logo

OPEN AN ACCOUNT
YouHodler
YouHodler’s crypto-based savings accounts are high-yield and also seems to offer a lot of protections for investors. They are currently not available in the United States, but they are available in the UK, EU, Eastern Europe, and Asia (China, Japan, Korea).
The company allows savers to withdraw from the platform at any time. But the minimum investment is $100 USD.
Read our full YouHodler review here.
Get started with YouHodler here >>
youhodler logo
OPEN AN ACCOUNT
Hodlnaut
Hodlnaut has some of the highest payouts to earn on your crypto. They only allow weekly withdrawals to your wallet, but they have no lock in periods or minimum deposits. Right now, you earn up to 10.5% on your crypto.
Bonus: Right now you can get a $20 bonus when you deposit at least $1,000.
Read our full Hodlnaut review here.
Get started with Hodlnaut here >>
hodlnaut logo

OPEN AN ACCOUNT
Celsius Network
Celsius Network offers exceptional rates and bonuses for accepting your interest in its proprietary coin. Even with the high rates, you won’t face account minimums or lock ups on your keys.
Read our full Celsius Crypto review here.
Plus, they are offering a $20 bonus in free bitcoin when you sign up and use this promo code: 126569833b.
Get started with Celsius Network here >>
Celsius Network logo
OPEN AN ACCOUNT
Nexo
Nexo boasts minimal lock up times (less than 24 hours), and third-party guarantees of it’s crypto assets. That makes it an appealing option with super high yields on US dollars and some of the highest rates on crypto currencies. Right now, you can get up to 12% on stablecoins and 8% on Bitcoin.
However, it doesn’t clearly disclose how much you have to invest to achieve the highest rates of return.
Get started with Nexo here >>
Nexo logo
OPEN AN ACCOUNT
Ledn
Ledn is a crypto-lending platform that brands itself as a crypto savings account. It has a few different options for earning interest on your cryptocurrency, and it has some promising rates.
Right now, you can get up to 12.50% on USDT and 6.10% on BTC.
Read our full Ledn review here.
Get started with Ledn here >>
Ledn logo

OPEN AN ACCOUNT
 
Crypto Savings Accounts Vs. Regular Savings Accounts
What are the main differences between a crypto-based savings account and a regular savings account? Here are a few things that set them apart.

FDIC Insurance
Your bank savings account comes with $250,000 of FDIC insurance. And there are ways to get even more insurance than that.
But there won't be any federal insurance offered on a crypto-based savings account. You can lose money (or crypto) in this savings account. So you should think of it more as an investment rather than a savings account.

Key Access
In a normal savings account, the money is yours, full stop. In crypto-based savings accounts, your crypto keys are lent out to other people who can use the crypto for a certain period of time. In exchange, the borrower promises to pay you interest on the crypto that you lend them.

Yields
Yields on cryptocurrencies range from about 4% to 8% or more. This is significantly more than the yields on traditional savings accounts.
This is because crypto banks cannot “produce money supply,” so they have to attract investors with high yields. The supply and demand for crypto financing drives the interest rates.

Withdrawal Restrictions
In a traditional savings account, you can withdraw money up to 6 times per month without facing any penalty. However, crypto savings accounts may impose more restrictive limits on the frequency or amount that you can withdraw. Unfortunately, there’s no standardized guidance for withdrawal limits, so it’s tough to generalize on this point.


Compound Interest
One odd facet of certain crypto-based savings accounts is that interest may not compound. That means your initial deposit grows over time, but the interest on the growth does not compound. You essentially have to spend or trade the interest to realize the gains.
Related: How Does Compound Interest Work?


Crypto Savings Accounts Vs. Crypto Wallets
How do crypto-based savings accounts compare with crypto wallets? These are the biggest differences that you'll want to be aware of.
Interest
When you have Bitcoin or another form of crypto in a wallet, the number of coins you own doesn’t change over time. With crypto-based savings accounts, the number of coins you own will increase over time (provided the crypto bank doesn’t fail).

Key Ownership
Often with crypto savings accounts, when you deposit coins, you give up access to your keys. That allows the exchange to lend your crypto to other individuals. Some crypto investors find this to be unacceptable, so they choose to avoid savings accounts altogether.

Security
This point is contentious among crypto investors, but some see crypto wallets as a very weak form of security. Losing your phone could mean losing all your money. Even if you have multi-factor authentication on your wallet, you could lose everything.
By contrast, crypto banks have built in redundancies to secure the crypto keys. These institutions take bank-level security to the next level.
 
Will You Make Money With A Crypto Saving Account?
If you deposit money into a crypto-based savings account, you can expect to earn interest, but the yield will be in the crypto-currency of your choice. If your goal is to make US dollars, you may not get the result you want.
Of course, some of the major crypto banks are offering fantastic yields (as high as 8.6%) on the USDC coin which has very close parity to the US dollar. That said, sudden fluctuations in demands (especially drops in demand) for the USDC could wipe out your initial investment and the subsequent returns.

A few of the crypto savings accounts (such as Linus and Outlet Finance) don’t require users to have any cryptocurrencies at all. Instead, investors deposit US dollars and receive interest in dollars. However, these accounts have the same risk profiles as other crypto accounts. Investors still have exposure to the volatile cryptocurrency market.

At the end of the day, crypto currencies have a risk profile that government-backed money does not. You may see fantastic returns, but it is not guaranteed. However, if you already own cryptocurrency (or want to own it), I see value in crypto savings accounts.

Should You “Save” Money In Crypto Savings Accounts?
All of these “savings” accounts have one thing in common -- they're actually investments. While it's exciting to imagine returns in the realm of 4-10%, these returns are not guaranteed. Each crypto-based savings account involves exposure to the highly volatile cryptocurrency investment market.
If you're a believer in the future of cryptocurrency, opening a crypto savings account could be a great way to diversify your investing portfolio. But if you're looking for an actual FDIC-insured savings account for your emergency fund, these are our favorite high-yield options.
 
M4nh4tt4n said:
What issues? It’s a brokerage, not an exchange. I think you need Binance, KuCoin, Huobi, Gate, Bitfinex, or Kracken. Voyager is for parking coins and getting interest.
Click to expand...
I got bitmart been good so far, but yea voyager always having connectivity issues, customer service sucks, and they keep rejecting deposits from my bank ( probably a good thing because I ain’t finna put no more money in with them)
 
DOS_patos said:
BlockFi
With no account minimums, BlockFi is making high yields accessible to many crypto investors. The exceptionally high yield on BitCoin is intriguing for investors with less than 5 Bitcoin (which is likely most investors as 5 Bitcoins is a lot of money).
Investors with more than 5 Bitcoin will only yield 2.0%, however. So the more you have, unfortunately, the less you earn.
Bonus Offer: Get up to $250 bonus when you make a $25 deposit and maintain it for the specified period of time.
Get started with BlockFi here >>
blockfi logo
OPEN AN ACCOUNT
Linus
Linus is the crypto-based savings account that looks and acts the most like a (very) high yield savings account. Investors deposit US dollars and earn interest in dollars.
However, under the hood, Linus is lending out money to people buying Ethereum (it does not advertise any other pooling layers). This setup assumes a relatively stable price on Ethereum which investors need to understand before opening a savings account. Learn more about Linus by reading our full review.
Get started with Linus here >>
Linus Logo
OPEN AN ACCOUNT
Outlet Finance
Outlet Finance is an account that doesn’t require a lot of knowledge about specific cryptocurrencies because it only pays interest on US dollars. Users deposit dollars and earn dollar-based interest.
The only wrinkle is that your dollars are being lent out to buy Ethereum and other cryptocurrencies. Right now the company advertises interest rates of up to 6% on US dollars. Read our full review of Outlet Finance.
Get started with Outlet Finance here >>
Outlet finance logo
OPEN AN ACCOUNT
Gemini
Gemini has been known as a solid choice for investing and trading crypto for the past few years, and their platform is actually the backbone for several others.
However, Gemini was late to the cryptocurrency savings game. They just launched Gemini Earn, where you can get interest on your crypto holdings. You can receive up to 7.4% interest, including 2.05% on BTC, by transferring your crypto to Gemini Earn.
Read our full Gemini review here.
Get started with Gemini here >>
Gemini logo
OPEN AN ACCOUNT
Coinbase
Coinbase is best known as a digital wallet. But it also serves as a digital crypto savings account for some customers. Eligible US based customers can earn 1.25% APY on US Dollar Coins.
Unlike other companies on this list, Coinbase doesn’t lend out it’s USDC. Instead, this is a way to earn a small amount of interest while you wait to make trades on CryptoCurrency. Plus, if you deposit $100 or more, you'll get a $5 bonus!
Read our full Coinbase review here.
Get started with Coinbase here >>
coinbase logo
OPEN AN ACCOUNT
Crypto.com
Crypto.com advertises some of the highest interest rates on the market. But the terms to get these rates are very specific. Investors with smaller amounts of cryptocurrency are likely to find better yields outside of Crypto.com.
The platform pays interest on 15 traditional cryptocurrencies and 8 stablecoins. The yields are based on simple daily interest. And to get the highest yields you will have to keep your investment for at least 3 months.
Read our full Crypto.com review here.
Get started with Crypto.com here >>
crypto dot com logo

OPEN AN ACCOUNT
YouHodler
YouHodler’s crypto-based savings accounts are high-yield and also seems to offer a lot of protections for investors. They are currently not available in the United States, but they are available in the UK, EU, Eastern Europe, and Asia (China, Japan, Korea).
The company allows savers to withdraw from the platform at any time. But the minimum investment is $100 USD.
Read our full YouHodler review here.
Get started with YouHodler here >>
youhodler logo
OPEN AN ACCOUNT
Hodlnaut
Hodlnaut has some of the highest payouts to earn on your crypto. They only allow weekly withdrawals to your wallet, but they have no lock in periods or minimum deposits. Right now, you earn up to 10.5% on your crypto.
Bonus: Right now you can get a $20 bonus when you deposit at least $1,000.
Read our full Hodlnaut review here.
Get started with Hodlnaut here >>
hodlnaut logo

OPEN AN ACCOUNT
Celsius Network
Celsius Network offers exceptional rates and bonuses for accepting your interest in its proprietary coin. Even with the high rates, you won’t face account minimums or lock ups on your keys.
Read our full Celsius Crypto review here.
Plus, they are offering a $20 bonus in free bitcoin when you sign up and use this promo code: 126569833b.
Get started with Celsius Network here >>
Celsius Network logo
OPEN AN ACCOUNT
Nexo
Nexo boasts minimal lock up times (less than 24 hours), and third-party guarantees of it’s crypto assets. That makes it an appealing option with super high yields on US dollars and some of the highest rates on crypto currencies. Right now, you can get up to 12% on stablecoins and 8% on Bitcoin.
However, it doesn’t clearly disclose how much you have to invest to achieve the highest rates of return.
Get started with Nexo here >>
Nexo logo
OPEN AN ACCOUNT
Ledn
Ledn is a crypto-lending platform that brands itself as a crypto savings account. It has a few different options for earning interest on your cryptocurrency, and it has some promising rates.
Right now, you can get up to 12.50% on USDT and 6.10% on BTC.
Read our full Ledn review here.
Get started with Ledn here >>
Ledn logo

OPEN AN ACCOUNT
Click to expand...

Input YOUR referral link instead of the dude you copied this from. Anytime an ABW member joins this space, two ABW members should be rewarded free BTC, not randoms from the internet. 99.9% of crypto is scams, so DYOR. #OnGod. I vouch for all of these except Linus, Outlet, YouHodler, HODLnaut, and Ledn…
 
M4nh4tt4n said:
Input YOUR referral link instead of the dude you copied this from. Anytime an ABW member joins this space, two ABW members should be rewarded free BTC, not randoms from the internet. 99.9% of crypto is scams, so DYOR. #OnGod. I vouch for all of these except Linus, Outlet, YouHodler, HODLnaut, and Ledn…
Click to expand...
why you hate me bruh?
 
AP2.0 said:
i know which is why im like we need some cliff notes version of this thread b/c he talks at break neck speed and the thread tends to move that fast as well on any given day.

little tidbits like knowing which platforms are better for parking to get APY% i think is very valueable.
Click to expand...

Omit them annoying ass crypto pop ups you added whenever I enter this thread and utilize a Voyager banner. Whomever said BlockFi >Voyager and deleted the post is all cap. #OnGod. Voyager like 7.5%. 0.00000001BTC to 21,000,000BTC. BlockFi like 5% on 1BTC and .05% on anything over that. lol. Blind leading the blind. So much BS posted in this bitch…🤦🏽‍♂️
 
M4nh4tt4n said:
Omit them annoying ass crypto pop ups you added whenever I enter this thread and utilize a Voyager banner. Whomever said BlockFi >Voyager and deleted the post is all cap. #OnGod. Voyager like 7.5%. 0.00000001BTC to 21,000,000BTC. BlockFi like 5% on 1BTC and .05% on anything over that. lol. Blind leading the blind. So much BS posted in this bitch…🤦🏽‍♂️
Click to expand...
Manhattan lol

fam...we on the same page b. I promise you are. You dont have to get so frustrated with everyone. When you see the bs and have a counter to it, call it out, and let's kill it right there so that it doesnt continue to spread.

I'm still trying to learn the terminology so I don't know what none of this means lol
 
M4nh4tt4n said:
Omit them annoying ass crypto pop ups you added whenever I enter this thread and utilize a Voyager banner. Whomever said BlockFi >Voyager and deleted the post is all cap. #OnGod. Voyager like 7.5%. 0.00000001BTC to 21,000,000BTC. BlockFi like 5% on 1BTC and .05% on anything over that. lol. Blind leading the blind. So much BS posted in this bitch…🤦🏽‍♂️
Click to expand...
i said it until i dug deeper.....

you a savage

people cant learn round here
 
AP2.0 said:
Manhattan lol

fam...we on the same page b. I promise you are. You dont have to get so frustrated with everyone. When you see the bs and have a counter to it, call it out, and let's kill it right there so that it doesnt continue to spread.

I'm still trying to learn the terminology so I don't know what none of this means lol
Click to expand...

Aiight. @DOS_patos posted a bunch of links. I know for a fact most of them are legit AF. The others I never heard of. The problem is that if you click, he ain’t gonna eat. Just you and the dude who initially posted. We need to keep this all 100% in hou$e.
 
It don’t matter the price in USDs of your coins. I swear it ONLY matters the amount of coins you hold. Said this in 2015 at $250BTC. 2020 at $3,500BTC. The elites are fucked and for the first time in history, they are BEHIND.
 
M4nh4tt4n said:
Aiight. @DOS_patos posted a bunch of links. I know for a fact most of them are legit AF. The others I never heard of. The problem is that if you click, he ain’t gonna eat. Just you and the dude who initially posted. We need to keep this all 100% in hou$e.
Click to expand...

facts!!!
 
You must log in or register to reply here.
Back
Top