Hodlnaut vs Gemini: Which Crypto Interest Account is Better?

Hodlnaut vs Gemini: Which Crypto Interest Account is Better?

Daniel Chan

June 20, 2022

Cryptocurrency

Despite its growing popularity, the cryptocurrency interest market is still only made up of a certain few promising platforms, each with its own features and tools that have helped it establish itself as a market leader. This article will compare two of the leading cryptocurrency interest accounts, Hodlnaut (read review) and Gemini (see full review), to determine which is better for you.

Other reviews tend to focus only on the interest rates provided by each platform, which only gives you a small insight into what's on offer. However, this review will go into much more detail, focusing on how many coins are on offer, security, features, and withdrawal fees. 

Hodlnaut vs Gemini: Interest Rate Comparison

Header

BTC

5.33% APY (First 0.1 BTC)

1.01% APY

ETH

4.28% APY

1.26% APY

USDC

9.41% APY (First 100,000 USDC)

5.31% APY

DAI

4.07% APY (First 25,000 DAI)

5.31% APY

Cell
Header

BTC

5.33% APY (First 0.1 BTC)

1.01% APY

ETH

4.28% APY

1.26% APY

USDC

9.41% APY (First 100,000 USDC)

5.31% APY

DAI

4.07% APY (First 25,000 DAI)

5.31% APY

Cell

Hodlnaut vs Gemini: Comparison Table

Cell

Nunber of Coins

6

90+

Minimum Deposit

None

None

Withdraw Fee

BTC: 0.0004 BTC

DAI: 10 DAI

ETH: 0.0036 ETH

USDT: 10 USDT

USDC: 10 USDC

Fiat: Free

Crypto: 10 FREE withdrawals per month

Pros

- Offers high interest

- FREE 30 USDC bonus

- No lock-in period or minimum deposits

- User-friendly

- 10 free crypto withdrawals per month

- Over 90+ cryptocurrencies to trade

- Earn interest on 40+ coins

Cons

- Crypto loans are only available for institutions

- Limited cryptocurrencies on offer

- Fiat currency deposits are not supported

- Lower interest rates

- No live chat support

Website

Hodlnaut vs Gemini: Comparison Table

Cell

Number of Coins

6

90+

Minimum Deposit

None

None

Withdraw Fee

BTC: 0.0004 BTC

DAI: 10 DAI

ETH: 0.0036 ETH

USDT: 10 USDT

USDC: 10 USDC

Fiat: Free

Crypto: 10 FREE withdrawals per month

Pros

- Offers high interest

FREE 30 USDC bonus

- No lock-in period or minimum deposits

- User-friendly

- 10 free crypto withdrawals per month

- Over 90+ cryptocurrencies to trade

- Earn interest on 40+ coins

Cons

- Crypto loans are only available for institutions

- Limited cryptocurrencies on offer

- Fiat currency deposits are not supported

- Lower interest rates

- No live chat support

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
  • 10 free crypto withdrawals per month
  • Buy, sell and trade over 90+ cryptocurrencies
  • Earn interest on 40+ coins
  • Institutional-grade crypto storage with insurance
  • Interest paid daily, with no lock-in period
Cons
  • Lower interest rates compared to Hodlnaut
  • No live chat support

Hodlnaut vs Gemini Features 

Hodlnaut has managed to become one of the most popular companies worldwide for earning crypto interest. One of the reasons Hodlnaut is able to reach such heights is due to its focus on allowing cryptocurrency holders the chance to each as much interest as possible from the coins they offer.

Hodlnaut's high interest rates are their main drawcard, and the best part about this is that no lock-in periods are required to achieve these great rates, which are often necessary on other interest platforms.

On top of this, Hodlnaut also does not have any restrictions on minimum deposit amounts, and the site is very easy to navigate and understand.

Gemini offers users an impressive range of advanced features, not only for earning interest, but also crypto trading. Let's start with their crypto interest accounts called Gemini Earn. Interest is paid daily on any of the 40+ coins you wish to earn interest on, and the rates are as high as 8.05% APY with no lock-in period, so they can be withdrawn immediately if required. 

While the interest rates are not as high as Hodlnaut's, Gemini is still an excellent alternative because it offers a much wider range of coins.

On top of this, Gemini also provides customers with the Gemini Pay feature, which allows you to spend your crypto in retail stores. This feature does not incur any fees, and each transaction is simple to execute and has complete privacy. To use this feature, download the Gemini App from the iOS or Android store, press the Pay icon, choose your cryptocurrency, and use the barcode reader to scan your phone.

Another impressive feature of Gemini is the Gemini Dollar (GUSD), which is a USD-backed stable coin. You can convert this to $1 on Gemini without any purchase or selling fees. It can be used to stake in DeFi, spent using Gemini Pay, and used through Gemini Earn.

Winner - Gemini

When it comes to features, Gemini has more to offer its users. While the interest rates are not as high, the range of unique features is very useful for beginner and advanced traders. 

Hodlnaut vs Gemini Fees

While some crypto interest platforms force users to pay a fee for any deposit into their crypto interest account, neither Hodlnaut nor Gemini do.

As for withdrawing funds from Gemini, it is completely free to withdraw fiat currency from Gemini. If you would prefer to withdraw cryptocurrency from the platform, Gemini offer users ten free withdrawals each month, which is a fantastic offer.

When you send crypto from any platform to any digital wallet, there is a transaction fee that is used to cover mining costs. Therefore, there is no such thing as a free crypto transfer. Instead, Gemini covers this fee ten times each month for its customers. If you have used your ten withdrawals, the fee charged will vary depending on which coin is in question.

Hodlnaut requires users to pay a small fee for each withdrawal, which differs depending on the cryptocurrency that they choose to withdraw.

With that in mind, try to limit how often you withdraw to make sure these fees affect your earnings as little as possible.

Here is the breakdown by each cryptocurrency:

  • Bitcoin: 0.0005 BTC
  • Dai: 10 DAI
  • Ethereum: 0.0036 ETH
  • Tether: 10 USDT
  • USD Coin: 10 USDC

Winner - Gemini

While both platforms are free to deposit, Gemini wins this round, as it provides ten free cryptocurrency withdrawals each month.

Number of Cryptocurrencies

Gemini has 40+ cryptocurrencies you can earn interest on, and you can also trade 90+ coins.

Hodlnaut has 6 cryptocurrencies you can earn interest on.

Winner - Gemini

Gemini is the winner, with more than 90+ cryptocurrencies, and interest earning on 40+, compared to Hodlnaut's small range.

Hodlnaut vs Gemini Security

Gemini is widely regarded as one of the industry leaders when it comes to compliance and security. The company has always operated with a security-first approach, and that is no different today. As you would expect, Gemini has never been the subject of a security breach.

Gemini states that its security is focused on three key aspects: protecting against human error, defending against external threats, and guarding against insider access or misuse.

Gemini boasts the highest levels of operational compliance and has completed SOC 1 Type 1 & Type 2 and SOC 2 Type 1 & Type 2 examinations. In addition, Gemini has been awarded the ISO 27001 certification. 

Hodlnaut is required by law to follow the financial regulations in place in Singapore, as that is the country in which it operates. Hodlnaut also works in close connection with AWS so that any customer or crypto coin information available on the platform is SSL-encrypted.

All of the customer data and assets stored on Hodlnaut are stored in cold wallets, completely offline. On top of that, Hodlnaut implements whitelisting technology, which only allows approved customers to withdraw from accounts on the site.

If this protection is not enough for you, you can also purchase further insurance from Nexus Mutual.

Winner - Tie

Gemini and Hodlnaut's security is fantastic, and your personal information and digital assets is safe with either of these companies. 

Verdict - Hodlnaut

To conclude, both Gemini and Hodlnaut are excellent cryptocurrency interest platforms. Which one you decide is best will depend on your personal needs. If you are on the hunt for the highest interest rates in the market, then Hodlnaut is the right choice for you, especially with the generous offer of FREE 30 USDC bonus.

However, if other features such as crypto trading or using cryptocurrency to make purchases are important to you, you will want to consider Gemini instead.

One of the biggest selling points of Hodlnaut is the very impressive interest rates are not stuck behind a lock-in period, unlike other leading platforms. While Gemini offers interest paid daily, with no lock-in period, their rates are not as impressive as those on offer at Hodlnaut.

If you are still doing your research, you can read our article here on the best crypto interest accounts.

Overall Winner - Hodlnaut

Hodlnaut wins with its higher interest rates, no lock-in periods, industry-leading security, and live chat support.

Frequently Asked Questions

Is Hodlnaut trustworthy?

Hodlnaut is required by law to follow the financial regulations in place in Singapore, as that is the country in which it operates. Hodlnaut also works in close connection with AWS so that any customer or crypto coin information available on the platform is SSL-encrypted.

All of the customer data and assets stored on Hodlnaut are stored in cold wallets, completely offline. On top of that, Hodlnaut also implements whitelisting technology, which only lets approved customers withdraw from accounts on the site.

If this protection is not enough for you, you can also purchase further insurance from Nexus Mutual.

Can I trust Gemini?

Gemini's security features are second to none and certainly place them as an industry leader in regard to customer safety. It boasts an institutional-grade crypto storage system with high-quality insurance.

Who owns Hodlnaut?

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

Still Researching?

If you are still undecided, you can read my full review on Hodlnaut (here) and Gemini (here) or have a look at my article on the best cryptocurrency savings accounts.

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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