Hodlnaut vs Celsius: Which Crypto Interest Account is Better?

Hodlnaut vs Celsius: Which Crypto Interest Account is Better?

Daniel Chan

June 19, 2022

Cryptocurrency

Cryptocurrency interest accounts are not a new phenomenon. However, only a select few businesses have managed to establish themselves as a top choice. This article will compare two of the leading cryptocurrency interest accounts, Celsius (read review) and Hodlnaut (see full review), to determine the better option.

We will compare each option on several aspects before making a final summary to round out this article. If you are looking for the perfect cryptocurrency interest account to start, this article is a must-read.

Hodlnaut vs Celsius: Interest Rate Comparison

Header

BTC

4.08% APY (First 0.1 BTC)

6.50% APY (First 0.1 BTC)

WBTC

4.08% APY (First 0.1 WBTC)

3.05% APY

ETH

4.60% APY

6% APY (First 2 ETH)

USDT

7.25% APY (First 100,000 USDT)

7.10% APY

USDC

7.25% APY (First 100,000 USDC)

7.10% APY

DAI

3.56% APY (First 25,000 DAI)

4.60% APY

Cell
Header

BTC

4.08% APY (First 0.1 BTC)

6.50% APY (First 0.1 BTC)

WBTC

4.08% APY (First 0.1 WBTC)

3.05% APY

ETH

4.60% APY

6% APY (First 2 ETH)

USDT

7.25% APY (First 100,000 USDT)

7.10% APY

USDC

7.25% APY (First 100,000 USDC)

7.10% APY

DAI

3.56% APY (First 25,000 DAI)

4.60% APY

Cell

Hodlnaut vs Celsius: Comparison Table

Cell

Nunber of Coins

6

46

Minimum Deposit

None

None

Withdraw Fee

BTC: 0.0004 BTC

DAI: 10 DAI

ETH: 0.0036 ETH

USDT: 10 USDT

USDC: 10 USDC

Free

Pros

- Offers high interest

- FREE 30 USDC bonus

- No lock-in period or minimum deposits

- User-friendly

- $50 FREE Bitcoin bonus

- Higher interest rates if rewards paid in native CEL token

- CelPay is easy to use

Cons

- Crypto loans are only available for institutions

- Limited cryptocurrencies on offer

- Fiat currency deposits are not supported

- Highly centralized control

- Not many coins available for purchase

- No crypto exchange and limited trading through 3rd party vendors

Website

Hodlnaut vs Celsius: Comparison Table

Cell

Number of Coins

6

46

Minimum Deposit

None

None

Withdraw Fee

BTC: 0.0004 BTC

DAI: 10 DAI

ETH: 0.0036 ETH

USDT: 10 USDT

USDC: 10 USDC

Free

Pros

- Offers high interest

FREE 30 USDC bonus

- No lock-in period or minimum deposits

- User-friendly

- $50 FREE Bitcoin bonus

- High interest rates if rewards paid in native CEL token

- CelPay is easy to use

Cons

- Crypto loans are only available for institutions

- Limited cryptocurrencies on offer

- Fiat currency deposits are not supported

- Highly centralized control

- Not many coins available for purchase

- No crypto exchange and limited trading through 3rd party vendors

Website

Pros
  • Offers high interest
  • Free 30 USDC sign-up bonus
  • No lock-in period or minimum deposit amounts
  • User-friendly
Cons
  • Crypto loans are only available for institutions, not individual traders
  • Fiat currency deposits are not supported
  • Minimal cryptocurrencies on offer
Pros
  • Free $50 BTC sign-up offer
  • Benefits for using the native CEL token including higher interest rates
  • CelPay is easy to use
  • $30 million insurance fund for assets stored within the Celsius wallet app
  • Can trade via desktop, iOS or Android apps
  • No fees for loan origination, minimum balances, or transfers
Cons
  • Highly centralized control
  • Not many coins and tokens available for purchase
  • No crypto exchange, and limited trading through third-party vendors

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.

Winner - Celsius

Celsius wins when it comes to features, as it offers more coins, as well as an additional payment system called CelPay.

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

Winner - Celsius

Celsius wins as it doesn't charge any withdrawal fees for transferring cryptocurrency out of the platform.

Number of Cryptocurrencies

Celsius has 40+ cryptocurrencies.

Hodlnaut has 6 cryptocurrencies.

Winner - Celsius

 While neither of these platforms provides the widest variety, Celsius wins this one, with over 40+ cryptocurrencies on offer.

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.

Winner - Celsius

Celsius and Hodlnaut's security is top of the class, and your money and information would be safe with either of these companies. However, because Celsius does not charge extra for their insurance premiums and has been in business for a couple of years more, I would say they won this round.

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.

Overall Winner - Celsius

Celsius wins overall due to a wider range of coins, free crypto withdrawals, and included insurance cover. Hodlnaut pays higher interest rates, but they only offer a small range of 6 coins.

Frequently Asked Questions

Is Hodlnaut trustworthy?

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.

Can I trust Celsius?

Short answer? Yes. Since its inception in 2017, Celsius has rapidly grown to become a leading cryptocurrency earning and borrowing platform.

Who owns Hodlnaut?

Juntao Z. is listed as the CEO and Co-Founder of Hodlnaut.

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.

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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