Earning interest on crypto may sound like a confusing or new concept to some readers, but in actual fact, it has been a lucrative option for crypto investors for a while now.
Despite being around for some time now, only a few companies have been able to get a foothold in the market and become the top brands in the market. There is a good reason for this, with some crypto interest earning platforms being deemed as unsafe or offering poor rates.
You've heard of Hodlnaut and Nexo, but which of these crypto interest accounts is best for your investing needs? We've got you covered. This article will dive in deep, focusing on the tiny but important details of two of the leading crypto interest platforms.
While many comparison articles will simply focus on the APY of each coin, our analysis will go into much greater detail than that. We will focus on the key features of both platforms to work out which crypto interest account you should choose.
Hodlnaut vs Nexo: Interest Rate Comparison
Header |  |  |
|---|---|---|
 BTC | 4.08% APY (First 0.1 BTC) | 4% APY |
 ETH | 4.60% APY | 4% APY |
 USDT | 7.25% APY (First 100,000 USDT) | 8% APY |
 USDC | 7.25% APY (First 100,000 USDC) | 8% APY |
 DAI | 3.56% APY (First 25,000 DAI) | 8% APY |
Cell |
Header | | |
|---|---|---|
BTC | 4.08% APY (First 0.1 BTC) | 4% APY |
ETH | 4.60% APY | 4% APY |
USDT | 7.25% APY (First 100,000 USDT) | 8% APY |
USDC | 7.25% APY (First 100,000 USDC) | 8% APY |
DAI | 3.56% APY (First 25,000 DAI) | 8% APY |
Cell |
Hodlnaut vs Nexo: Comparison Table
Cell | | |
Nunber of Coins | 6 | 34 |
Minimum Deposit | None | None |
Withdraw Fee | BTC: 0.0004 BTC DAI: 10 DAI ETH: 0.0036 ETH USDT: 10 USDT USDC: 10 USDC | 1 - 5 free crypto withdrawals per month based on loyalty level |
Pros | - Offers customers high interest rates - FREE 30 USDC sign-up bonus - No lock-in period or minimum deposits - User-friendly | - Buy, store and earn interest on 34 cryptocurrencies - FREE $25 BTC bonus - Receive 1% bonus APY for 1-month fixed terms - Earn 2% bonus APY if you receive payment in NEXO tokens - Swap your coins easily |
Cons | - Crypto loans are only available for institutions - Only 6 cryptocurrencies - Fiat currency deposits are not supported | - Earning interest not available in USA - Interest rates are lower than Hodlnaut |
Website |
Hodlnaut vs Nexo: Comparison Table
Cell | | |
Number of Coins | 6 | 34 |
Minimum Deposit | None | None |
Withdraw Fee | BTC: 0.0004 BTC DAI: 10 DAI ETH: 0.0036 ETH USDT: 10 USDT USDC: 10 USDC | 1 - 5 free crypto withdrawals per month based on loyalty level |
Pros | - Offers customers high interest - FREE 30 USDC sign-up bonus - No lock-in period or minimum deposits - User-friendly | - Buy, store and earn interest on 34 cryptocurrencies - FREE $25 BTC bonus - Receive 1% bonus APY for 1-month fixed terms - Earn 2% bonus APY if you receive payment in NEXO tokens - Swap your coins easily |
Cons | - Crypto loans are only available for institutions - Only 6 cryptocurrencies - Fiat currency deposits are not supported | - Earning interest not available in USA - Interest rates are lower than Hodlnaut |
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, store and earn interest on 34 cryptocurrencies
- Receive 1% bonus APY for 1-month fixed terms
- Earn 2% bonus APY if you receive payment in NEXO tokens
- Free $25 BTC bonus when you deposit $100
- Earning interest is not available in USA
- Interest rates are lower than Hodlnaut
Hodlnaut vs Nexo Features
As one of the leading cryptocurrency interest accounts, Hodlnaut has identified itself as a company that offers the best interest rates on the market.
These high-interest rates are the key selling point of the exchange, and you do not need to implement minimum lock-in periods or deposits to access excellent rates.
As a leading crypto interest company, Hodlnaut's main focus is to allow cryptocurrency holders to gain as much interest as possible on cryptocurrencies.
It is also extremely user-friendly; it is easy to understand and move around the website, even as a new investor.
Unfortunately, each withdrawal does come with a small fee, which I will touch on in more detail in the next section. However, when you look at how impressive the interest rates on offer are, that additional fee is much less concerning than it might have been.
On the other hand, Nexo does not offer the same high-interest rates, but it does offer some solid bonus APY rates, along with a host of other useful features.
For example, if you place a one-month lock on your cryptocurrency, you automatically receive a 1% bonus on top of the interest rates. You can also receive an additional 2% in interest if you choose to receive your interest payout in Nexo's base coin, NEXO. The final way to increase your interest is based on loyalty to Nexo. The more NEXO tokens you stake compared to the number of other coins you have in your digital wallet, the more interest Nexo will offer you.
Winner - Nexo
With regard to features, Nexo offers its users more flexibility. While the interest rates are certainly not as high, the various ways to earn higher APY and improve those rates are definitely interesting.
Hodlnaut vs Nexo Fees
Fees can be extremely frustrating. You may think you have chosen the perfect crypto interest platform for your needs, which offers great rates on a wide variety of coins. Everything seems great, until you try to deposit or withdraw, and you get hit with high fees.
That's why we are happy to note that neither Hodlnaut nor Nexo ask their users to pay any fees when depositing funds onto the site.
You will also be pleased to hear that neither of these exchanges requires you to deposit a minimum amount at any point, so you can invest as much or as little as you would like each time.
However, the landscape changes somewhat when we get to withdrawal fees. Hodlnaut requires its users to pay a small fee for every withdrawal. This fee will vary depending on which cryptocurrency you are trying to withdraw.
Here are the withdrawal fees for some popular cryptocurrencies:
- Bitcoin: 0.0004 BTC
- DAI: 10 DAI
- Ethereum: 0.0036 ETH
- Tether: 10 USDT
- USD Coin: 10 USDC
While Nexo also requires new users to pay a small withdrawal fee, it does reward its loyal users with up to five free withdrawals per month, depending on your loyalty level. For example, if at least 10% of your portfolio consists of NEXO tokens, you can access the maximum of 5 free withdrawals per month.
Winner - Nexo
Nexo wins this round, as it provides loyal users with up to five free withdrawals per month.
Number of Cryptocurrencies
Hodlnaut has 6 cryptocurrencies.
Nexo has 34 cryptocurrencies.
Winner - Nexo
Nexo wins with 34 different cryptocurrencies you can earn interest on, compared to Hodlnaut's small range of 6 coins.
Hodlnaut vs Nexo Security
Nexo is based in Switzerland and ensures that they follow Swiss financial laws. It also stores users' crypto in cold wallets and held in military-grade Class III vaults. On top of that, it also has a $1 billion insurance that covers custodial assets.
On the other hand, Hodlnaut operates out of Singapore and adheres to Singaporean financial regulations and requirements. Hodlnaut also works closely with AWS, ensuring customer data and information is protected by SSL encryption.
Hodlnaut stores its crypto in cold wallets and enlists whitelisting technology, which only lets verified users withdraw funds from the exchange. If you want further protection, you can buy Nexus Mutual insurance for a small fee.
Winner - Nexo
Nexo wins this round since it offers additional insurance to customers free of charge, whereas on Hodlnaut, this comes at an additional cost to the user.
Verdict - Hodlnaut
In conclusion, Hodlnaut and Nexo are both fantastic choices for your crypto interest trading. Ultimately, the platform you choose will be dependent on what your priorities are. Each crypto interest exchange has unique benefits, some of which certain customers may not like or need, whereas other customers deem them as a necessity.
If you focus specifically on interest rates, Hodlnaut provides the highest interest rates on each cryptocurrency it offers users to stake on. You can also claim 30 USDC for free using this link.
However, if you want the opportunity to earn interest on cryptocurrencies outside of Hodlnaut's 6 coins, you may prefer using Nexo. In comparison, there are 34 coins available on Nexo. Nexo offers $25 FREE Bitcoin as a signup bonus if you sign up with this link and deposit $100.
Overall Winner - Hodlnaut
Hodlnaut wins overall as it has much higher APY rates, no lock-in periods, and interest is paid weekly. The only downside is the limited range of 6 coins. If you want to earn interest on more coins, you can use Nexo, with 34 coins.
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.
Yes, Nexo is ISO/IEC 27701:2013 certified, which is not an easy certification to earn. Deposits are also kept offline in cold storage, and all customer data is protected with SSL encryptions.
Anthoni Trenchev is the CEO and Co-Founder of Nexo.
Still Researching?
If you are still researching crypto interest accounts, you can read my review on Hodlnaut (here) or Nexo (here) or take a look at my article on the top ways to earn crypto interest.
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