Hodlnaut vs Crypto.com: Which Crypto Interest Account is Better?

Hodlnaut vs Crypto.com: Which Crypto Interest Account is Better?

Robert McDougall 

June 2, 2022

Cryptocurrency

Gaining interest from cryptocurrency investments might seem like a new concept to some, but it has been around for some time now. Despite its longevity, there are still only a few crypto interest accounts that have managed to get into the market and become a popular and secure option for cryptocurrency traders. As such, these brands have quickly become the market leaders, and for a good reason.

But the question bears asking. Which of these platforms is the right one for your crypto interest needs?

This article will dive into a deep comparison of two of the most well-known crypto interest companies on offer, Hodlnaut and Crypto.com. However, rather than just focusing on what interest is available for each coin, this analysis will go much deeper than that. We will look at numerous features and aspects of each platform to identify which crypto interest account is the correct choice for you.

So without further ado, let's dive straight in.

Hodlnaut vs Crypto.com: Interest Rate Comparison

Header

BTC

4.08% APY (First 0.1 BTC)

3% APY (Locked for 3 months)

ETH

4.60% APY

3% APY (Locked for 3 months)

USDT

7.25% APY (First 100,000 USDT)

6% APY (Locked for 3 months)

USDC

7.25% APY (First 100,000 USDC)

6% APY (Locked for 3 months)

DAI

3.56% APY (First 25,000 DAI)

6% APY (Locked for 3 months)

Cell
Header

BTC

4.08% APY (First 0.1 BTC)

3% APY (Locked for 3 months)

ETH

4.60% APY

3% APY (Locked for 3 months)

USDT

7.25% APY (First 100,000 USDT)

6% APY (Locked for 3 months)

USDC

7.25% APY (First 100,000 USDC)

6% APY (Locked for 3 months)

DAI

3.56% APY (First 25,000 DAI)

6% APY (Locked for 3 months)

Cell

Hodlnaut vs Crypto.com: Comparison Table

Cell

Nunber of Coins

6

47

Minimum Deposit

None

None

Withdraw Fee

BTC: 0.0005 BTC

DAI: 10 DAI

ETH: 0.0036 ETH

USDT: 10 USDT

USDC: 10 USDC

None

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 on the same app

- Earn interest on 47 coins

- Lock for 1 month or 3 months for higher rates

- Stake CRO coins for higher interest rates on all coins

Cons

- Crypto loans are only available for institutions

- Only 6 cryptocurrencies

- Fiat currency deposits are not supported

- To access competitive interest rates, you need to lock your crypto for 3 months

- Lower APY compared to Hodlnaut 

Website

Hodlnaut vs Crypto.com: Comparison Table

Cell

Number of Coins

6

47

Minimum Deposit

None

None

Withdraw Fee

BTC: 0.0005 BTC

DAI: 10 DAI

ETH: 0.0036 ETH

USDT: 10 USDT

USDC: 10 USDC

None

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 on the same app

- Earn interest on 47 coins

- Lock for 1 month or 3 months for higher rates

- Stake CRO coins for higher interest rates on all coins

Cons

- Crypto loans are only available for institutions

- Only 6 cryptocurrencies

- Fiat currency deposits are not supported

- To access competitive interest rates, you need to lock your crypto for 3 months

- Lower APY compared to Hodlnaut 

Website

Pros
  • Offers customers 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
  • Only 6 cryptocurrencies on offer
Pros
  • Buy crypto and earn interest on the same app
  • Earn interest on 47 coins
  • Lock for 1 month or 3 months for higher rates
  • Stake CRO coins for higher interest rates on all coins
Cons
  • Lower interest rates compared to Hodlnaut
  • To access competitive interest rates, you need to lock your crypto for 3 months

Hodlnaut vs Crypto.com Features 

With the increased interest in cryptocurrency and the investment opportunities it offers, companies are frantically rushing to build the ideal platform for users' requirements. They are constantly improving their offering on their platform, with new and unique features to try and tempt users to pick theirs over others in the space.

One significant development in the cryptocurrency timeline is crypto interest accounts.

Hodlnaut has focused on this aspect, offering customers the chance to gain as much interest as possible on a select few cryptocurrencies.

The main reason that some customers opt to use Hodlnaut over other crypto interest exchanges is due to the high interest opportunities on offer. Not only that, but these interest rates are accessible without having to implement lock-in periods, and the website is extremely user-friendly.

Withdrawals do incur a small fee, but that is not a major issue due to the generously high-interest rates.

Crypto.com does not just focus on crypto staking on their app, though. It also acts as a crypto exchange where you can buy and sell over 250+ coins. If you are focusing on the crypto interest aspect, one big advantage of Crypto.com is the fact that there are 47 different cryptocurrencies for you to earn interest on. 

However, what really stands out about the Crypto.com app is the fact that it gives users a free Visa debit card. There are various Visa card levels to pick from, which you access by staking various amounts of their native coin (CRO). The Visa card allows you to load your fiat currency onto it, and you can spend your money like a regular debit card. Each time you use your card to buy something, you gain a percentage (up to 8%) of the purchase back in CRO, Crypto.com's native coin.

With regards to interest rates, these differ depending on each coin. While there are many more options, the interest rates are not as high as Hodlnaut. You can increase these rates, however, if you choose to fix it for one or three months. If you have certain amounts of CRO staked, you can also access bonus interest on all your coins.

Crypto.com is a great choice for any customers who want to earn interest on a wide range of coins, and who use a debit card frequently to make purchases.

Winner - Crypto.com

While Hodlnaut offers the best interest rates on the market, Crypto.com offer a much wider range of features and also the opportunity to keep your staking and trading all on one platform for simplicity.

Hodlnaut vs Crypto.com Fees

When it comes to fees that may occur for a deposit, you will be pleased to hear that neither Crypto.com nor Hodlnaut require you to fork out any hard-earned money as a deposit fee.

Another excellent benefit of each exchange is that there is no minimum deposit amount either. Therefore, no matter how much you would like to deposit to invest, you can be confident you don't need to factor in pesky fees.

Unfortunately, this does change slightly in regard to withdrawal fees.

Hodlnaut, for instance, asks you to pay a small fee per withdrawal. This fee differs and depends on what cryptocurrency you are keen to withdraw.

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
  • Wrapped Bitcoin: 0.0004 BTC
  • UST: 30 UST
  • LUNA: 0.5 LUNA

Crypto.com also charges a small fee which varies based on the coin you wish to withdraw. However, if you decide to sell your crypto and withdraw your fiat currency, there is no charge.

Winner - Crypto.com

While both platforms have no deposit fees, Crypto.com's withdrawal fees are lower, and if you withdraw fiat currency it is free.

Number of Cryptocurrencies

Hodlnaut has 6 cryptocurrencies.

Crypto.com has 47 cryptocurrencies that you can earn interest on, and 250+ coins that you can buy and sell.

Winner - Crypto.com

Crypto.com easily wins this round, with plenty more coins to earn interest on.

Hodlnaut vs Crypto.com Security

As Hodlnaut is based in Singapore, it is required legally to adhere to Singaporean financial regulations. Alongside this, Hodlnaut also works in conjunction with AWS, so all of its customer information is protected by SSL encryption.

All of the cryptocurrency within Hodlnaut is stored offline in cold wallets while also enlisting whitelisting technology. This technology does not allow withdrawals to occur unless the address in question has received approval from the Hodlnaut team.

If that kind of security and protection is not enough for you, you can also purchase further insurance, which is offered by Nexus Mutual. Unfortunately, this additional insurance does come with a small fee.

On the other hand, Crypto.com earned the ISO/IEC 27701:2019 certification, an award that not many crypto exchanges can boast. It is offered after thorough third-party privacy audits, and it was the first-ever cryptocurrency exchange to receive this certification.

Crypto.com also holds all of its users' cryptocurrency offline in cold storage in the highly respected and trusted Ledger Vaults. It also offers insurance cover for crypto assets at no extra cost.

Winner - Crypto.com

Crypto.com wins this round. As the first cryptocurrency exchange to earn the ISO/IEC 27701:2019 certification, an award that not many crypto exchanges can boast, it should be deemed as one of the most secure in the market.

Verdict - Hodlnaut

In summary, both Crypto.com and Hodlnaut are excellent options for earning crypto interest. Depending on what your specific needs are will help you choose the right crypto interest exchange for your priorities.

If you are interested in the crypto exchange that offers the highest interest rates, then look no further than Hodlnaut. It offers the best interest rates of the two, it is a highly secure and trusted platform, and you can receive free 30 USDC for signing up here.

However, it only offers you the opportunity to earn interest on 6 cryptocurrencies, whereas there are 47 different coins to choose from on Crypto.com.

Another benefit of choosing Crypto.com is the fact that it also offers crypto trading and earning crypto cashback with the free Crypto.com Visa debit card. However, be wary that if you choose Crypto.com, your interest rates are much lower, even if you decide to lock your crypto for 3 months.

Overall Winner - Hodlnaut

Hodlnaut wins overall with much higher interest rates. The only downside is they have a limited range of 6 coins only. If you want to earn interest on cryptocurrencies that are not supported on Hodlnaut, then Crypto.com is an excellent alternative.

Frequently Asked Questions

Is Hodlnaut trustworthy?

As Hodlnaut is based in Singapore, it must adhere to Singapore's financial regulations, or it would not be allowed to operate.

Hodlnaut works closely with AWS to make sure all customer information and website traffic are SSL-encrypted.

Each of the 8 Hodlnaut cryptocurrencies are stored in cold wallets to prevent cyber hack attempts from having a significant impact. It also implements whitelisting technology to only allow withdrawals from approved addresses.

There is even an option to buy extra insurance from Nexus Mutual to stay even more protected. This option comes at a small price.

Can I trust Crypto.com?

Yes, Crypto.com earned the ISO/IEC 27701:2019 certification, an award that not many crypto exchanges can boast. It is offered after thorough third-party privacy audits, and it was the first-ever cryptocurrency exchange to receive this certification.

Who owns Hodlnaut?

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 review on Hodlnaut (here) or take a look at my article on the best places 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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