Disclaimer: BlockFi has paused withdrawals in Dec 2022 and is preparing to file for bankruptcy, and therefore we can no longer recommend BlockFi. If you are looking for a platform to earn interest, here are our top recommendations:
Earning interest on cryptocurrency is not a new concept. Despite this, only a handful of companies have successfully established themselves as market leaders in cryptocurrency interest investment.
This article will focus on two of these leading brands, Hodlnaut and BlockFi. We will review various aspects and features to determine which crypto interest account is the right choice for your needs.
If you are interested in opening a cryptocurrency interest account that suits your needs perfectly, you won't want to miss out on this article.
Hodlnaut vs BlockFi: Interest Rate Comparison
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|---|---|---|
 BTC | 4.08% APY (First 0.1 BTC) | 4.00% APY (First 0.1 BTC) |
 ETH | 4.60% APY | 4.00% APY (First 1.5 ETH) |
 USDT | 7.25% APY (First 100,000 USDT) | 7.25% APY (First 20,000 USDT) |
 USDC | 7.25% APY (First 100,000 USDC) | 7.25% APY (First 20,000 USDC) |
 DAI | 3.56% APY (First 25,000 DAI) | 7.25% APY (First 20,000 DAI) |
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Header | | |
|---|---|---|
BTC | 4.08% APY (First 0.1 BTC) | 4.00% APY (First 0.1 BTC) |
ETH | 4.60% APY | 4.00% APY (First 1.5 ETH) |
USDT | 7.25% APY (First 100,000 USDT) | 7.25% APY (First 20,000 USDT) |
USDC | 7.25% APY (First 100,000 USDC) | 7.25% APY (First 20,000 USDC) |
DAI | 3.56% APY (First 100,000 DAI) | 7.25% APY (First 20,000 DAI) |
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Hodlnaut vs BlockFi: Comparison Table
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Nunber of Coins | 6 | 23 |
Minimum Deposit | None | None |
Withdraw Fee | BTC: 0.0004 BTC DAI: 10 DAI ETH: 0.0036 ETH USDT: 10 USDT USDC: 10 USDC | With some assets, you’re eligible for one free withdrawal every month. But with other assets, you will be charged a fee for each withdrawal |
Pros | - Offers customers high interest - FREE 30 USDC sign-up bonus - No lock-in period or minimum deposits - User-friendly | - Buy crypto and earn interest all on one platform - User-friendly interface - Interest Flex Payment option to earn interest in your cryptocurrency of choice |
Cons | - Crypto loans are only available for institutions - Only 8 cryptocurrencies - Fiat currency deposits are not supported | - Lower interest rates - Interest rates drop substantially as your deposit amount increases |
Website |
Hodlnaut vs BlockFi: Comparison Table
Cell | | |
Number of Coins | 6 | 23 |
Minimum Deposit | None | None |
Withdraw Fee | BTC: 0.0004 BTC DAI: 10 DAI ETH: 0.0036 ETH USDT: 10 USDT USDC: 10 USDC | With some assets, you’re eligible for one free withdrawal every month. But with other assets, you will be charged a fee for each withdrawal |
Pros | - Offers customers high interest - FREE 30 USDC sign-up bonus - No lock-in period or minimum deposits - User-friendly | - Buy crypto and earn interest all on one platform - User-friendly interface - Interest Flex Payment option to earn interest in your cryptocurrency of choice |
Cons | - Crypto loans are only available for institutions - Only 8 cryptocurrencies - Fiat currency deposits are not supported | - Lower interest rates - Interest rates drop substantially as your deposit amount increases |
Website |
- Offers customers high interest
- Free 30 USDC sign-up bonus
- No lock-in period or minimum deposit amounts
- User-friendly
- Crypto loans are only available for institutions, not individual traders
- Fiat currency deposits are not supported
- Only 6 cryptocurrencies on offer
- Buy crypto and earn interest all on one platform
- User-friendly interface
- Interest Flex Payment option to earn interest in your cryptocurrency of choice
- Lower interest rates compared to Hodlnaut
- Interest rates drop substantially as your deposit amount increases
Hodlnaut vs BlockFi Features
Cryptocurrencies' popularity is on the rise, and it is continually gaining more traction, with more investors every week.
Because of this, brands are rushing to create the perfect platform for users' needs, creating businesses and systems that will make the process of investing in crypto easier than ever before.
One major part of that development is the creation of crypto interest accounts. As a leading crypto interest company, Hodlnaut's main focus is to allow cryptocurrency holders to gain as much interest as possible on cryptocurrencies.
Its main selling point is the high interest on offer, without lock-in periods or minimum deposits. The site is very user-friendly, even for new investors.
There is a small fee that occurs for withdrawals, but as the interest rates are a lot higher than other exchanges, the additional interest negates those fees somewhat.
BlockFi does not offer as high APY rates, but it does offer many other features that benefit its users.
For starters, BlockFi is more than just a crypto interest exchange. You can also purchase, sell, and trade crypto on the exchange using a BlockFi wallet if you keep your tokens in a BlockFi wallet within a BlockFi Interest Account.
You can also use the BlockFi wallet to gain crypto rewards from purchases made with a BlockFi Rewards Credit Card.
The BlockFi Rewards Credit Card allows you to earn cashback in Bitcoin for purchases. The card offers a 1.5% rewards rate for any purchase, with no annual fee. It also offers an introductory 3.5% cashback rate for your first three months of using the card.
Winner - BlockFi
When it comes to features, BlockFi has more to offer its users, all within one single exchange for simplicity. While the interest rates are not as high, the various ways to earn interest and improve those rates are excellent.
Hodlnaut vs BlockFi Fees
With regard to depositing money into each crypto interest account, you will be happy to know that neither BlockFi nor Hodlnaut asks users to pay a deposit fee.
There are also no minimum deposit fees in play either, so traders can invest as much or as little as they would like to, knowing they do not have to worry about annoying fees on small deposits.
However, this changes a little when it comes to withdrawal fees.
For starters, Hodlnaut does require a small fee for each withdrawal, which varies depending on which cryptocurrency is getting withdrawn.
Here is the breakdown by each cryptocurrency:
- Bitcoin: 0.0004 BTC
- Dai: 10 DAI
- Ethereum: 0.0036 ETH
- Tether: 10 USDT
- USD Coin: 10 USDC
On the flip side, BlockFi's fees are a little different to other cryptocurrency exchanges. While BlockFi requires no fee for trading, there are withdrawal limits and withdrawal fees in place. That said, with some cryptocurrencies, you have access to one free withdrawal each month.
- BTC: 0.00075 BTC
- LTC: 0.001 LTC
- Stablecoins: 50 USD
- ETH: 0.015 ETH
- LINK: 2 LINK
- PAXG: 0.035 PAXG
- UNI: 2.5 UNI
- BAT: 60 BAT
Winner - BlockFi
While both cryptocurrency interest accounts match each other on deposit and trading fees, BlockFi just wins this round, as it offers one free withdrawal a month on certain cryptocurrencies.
Number of Cryptocurrencies
Hodlnaut has 6 cryptocurrencies.
BlockFi has 23 cryptocurrencies.
Winner - BlockFi
While both of these platforms don't offer a wide variety of cryptocurrency interest options, BlockFi wins this round, with 23 cryptocurrencies on offer.
Hodlnaut vs BlockFi Security
Operating out of Singapore, Hodlnaut is required by law to follow Singapore's financial regulations. Hodlnaut works with AWS, so ensure all traffic is SSL-encrypted.
Every Hodlnaut cryptocurrency is stored in cold wallets, and it uses whitelisting technology to only let withdrawals occur to approved addresses.
You also have the option to purchase additional insurance using Nexus Mutual at the cost of a small fee.
BlockFi is another highly reputable and secure crypto exchange. BlockFi implements several platform and user security practices. To stop fraudulent activity on BlockFi, users must verify their identity as part of the sign-up process.
You must have access to a government-issued photo ID and other personal information.
BlockFi also promotes two-factor authentication, which allows users to protect their accounts. It is not required currently, but it is encouraged. BlockFi also keeps all funds in cold storage, not connected to the internet.
Winner - Tie
BlockFi and Hodlnaut's security are top of the class, and your information and money would be safe with either of these companies.
Verdict - Hodlnaut
To summarise, Hodlnaut and BlockFi are both excellent choices for crypto interest trading. Depending on what you deem as your priority will help you decide which crypto interest exchange is the right choice for you.
Simply looking at interest rates, Hodlnaut offers the best interest rates on market-leading coins like Bitcoin and USDT. However, they only offer the chance to earn interest on 6 cryptocurrencies, whereas there are 23 different coins available on BlockFi.
BlockFi also offers a range of other features on its site, but unfortunately, the APY is significantly lower, and reduces dramatically if you deposit higher amounts.
If you are willing to invest in interest on a coin and leave it for several months, then BlockFi might be the right choice for you, thanks to the many other features on offer.
However, if you want the flexibility of being in complete control of where your investments are at any given moment, the high-interest rates and flexibility Hodlnaut offers will suit you better. If you sign up here, you also receive 30 USDC free as a welcome offer.
Overall Winner - Hodlnaut
Hodlnaut wins overall as it offers much more attractive APY rates. BlockFi's interest rates are lower, and they decrease very quickly once you deposit a larger amount. However, if you prefer a platform where you can buy and sell crypto and earn interest straight away, BlockFi is the choice for you.
Frequently Asked Questions
Operating out of Singapore, Hodlnaut is required by law to follow Singapore's financial regulations. Hodlnaut works with AWS, so ensure all traffic is SSL-encrypted.
Every Hodlnaut cryptocurrency is stored in cold wallets, and it uses whitelisting technology to only let withdrawals occur to approved addresses.
You also have the option to purchase additional insurance using Nexus Mutual at the cost of a small fee.
Simply put? Yes. Since its inception, BlockFi has experienced rapid growth and has become an extremely popular cryptocurrency exchange.
Juntao Z. is listed as the CEO and Co-Founder of Holdlnaut.
Still Researching?
If you are still researching crypto interest accounts, you can read my reviews on Hodlnaut (here) and BlockFi (here) or take a look at my article on the best crypto interest accounts.
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