Hodlnaut vs Celsius Features 

As cryptocurrency becomes more and more prominent in everyday life, with more users and investors each week, companies are rushing to accommodate customer needs, setting up systems and businesses that will make the process easier than ever. One area of business that has appeared over recent years is crypto interest accounts.

Celsius is one of those businesses. They identified a gap in the market, and in 2017 they issued their first coin (CEL), as a blockchain-based lending platform based in the UK.

Their business theory was to tackle an aspect of life that many of us take for granted: access to interest income and credit. With Celsius, they ensure this is fungible worldwide, allowing anyone to set up their own business. In their own words, they took the American dream and made it available globally.

They have over 40+ cryptocurrencies on offer on their site, with a robust DeFi service, an easy-to-use payment method called CelPay, and $30 million stored in insurance for assets stored in its wallet. It is safe to say that Celsius is one of the largest crypto interest accounts in the world.

Celsius offers $50 FREE Bitcoin as a welcome bonus, when you deposit $400 or more. This is a great way to kickstart your crypto savings, as this $50 BTC can also be used to earn you interest.

Hodlnaut is a similar business formed a couple of years later in Singapore and is part of the Antler portfolio company.

The term Hodlnaut is a mixture of "Hodl" and "astronaut." You may or may not be familiar with the term hodl, which has come to stand for “hold on for dear life”, that crypto investors use when holding onto crypto instead of selling it. Hodlnaut focuses on helping cryptocurrency holders gain interest on their coins to help unlock their full value.

While Hodlnaut does not provide as many coin options as Celsius, the ones they do provide are some of the most popular.

They offer their customers high interest without a minimum deposit or lock-in period, and the site is extremely user-friendly, even for those that are new to investing. Even though Hodlnaut charges a withdrawal fee, their interest rates are much higher than the competition, so the amount of extra interest earned after one year will negate the small fees incurred. They also offer FREE 30 USDC as a sign-up bonus, which is an excellent way to give your investment a little boost.

Hodlnaut vs Celsius Fees

When it comes to depositing funds into both crypto interest accounts, you will be pleased to hear that neither Hodlnaut nor Celsius require their users to pay a fee.

Whatsmore, neither of these businesses requires you to pay a minimum deposit. So you can invest as little or as much as you want, without the fear of getting caught out by pesky fees.

However, things are not so cut and dry for each platform's withdrawal fees. While Celsius boasts no withdrawal fees, regardless of the amount, Hodlnaut does take a small fee, which is dependent on which cryptocurrency you are withdrawing.

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

Number of Cryptocurrencies

Celsius has 40+ cryptocurrencies.

Hodlnaut has 6 cryptocurrencies.

Hodlnaut vs Celsius Security

Holdnaut is a fintech company based in Singapore and therefore follows Singapore's financial regulations. Regarding platform security, Holdnaut works on AWS, and all traffic is SSL-encrypted. 

All of Hodlnaut's cryptocurrencies are lent to borrowers or held in cold wallets. They also use a whitelisting feature that only allows withdrawals to approved addresses,

To protect yourself against hacking, you can buy additional insurance with Nexus Mutual. Sadly, Holdnaut doesn't pay for this themselves.

Celsius has been around for half a decade now, and up until the time of writing this article, it has never gotten hacked. Like Hodlnaut, all of their crypto assets are stored in cold wallets, and every customer's data is SSL encrypted.

Unlike Hodlnaut, they do not charge an additional fee for their insurance, which is included in their fees instead.

Verdict - Celsius

In summary, Hodlnaut and Celsius are excellent crypto interest account options for you to try, depending on what you deem as the most important features you want to see from your crypto interest account.

Hodlnaut offers its customers FREE 30 USDC sign-up bonus, and higher interest rates on comparable coins. However, they only offer 6 options. If you only wanted to earn interest on coins such as Bitcoin and USDT, Hodlnaut might be a great option for you. However, if you were looking for variety from your crypto interest platform, you might be better served to pick Celsius.

Very little separates these two when it comes to security, as both offer excellent security and SSL encryptions.

Suppose you value having the ability to make changes to your account on the go. In that case, you should certainly check out Celsius, which offers a fantastic free and easy-to-use app where you can access and amend all of your account information and investments.

One thing's for sure. Cryptocurrency is the future, and opening a crypto interest account with either of these companies could be an excellent investment opportunity.

Frequently Asked Questions

Still Researching?

If you are still undecided, you can read my full review on Hodlnaut (here) and Celsius (here) or have a look at my article on the best ways to earn interest on your cryptocurrency.