Matrixport vs Hodlnaut: Which Crypto Interest Account is Better?

Matrixport vs Hodlnaut: Which Crypto Interest Account is Better?

Robert McDougall 

June 28, 2022

Cryptocurrency

Matrixport is a crypto financial service platform founded in 2019 in Singapore by experienced crypto enthusiasts. It’s a one-stop solution catering to all types of investors. The exchange is supported in most parts of the world, provides an easy access and interface for investors to use its services, and supports 15+ crypto and fiat currencies.

On Matrixport, you can venture into buying, selling, trading, or interest earning, depending on your goals. It’s one of the most complete DeFi platforms out there, offering diverse options for investing.

Hodlnaut is crypto interest account that was also founded in 2019, and coincidentally, in Singapore as well. It enables users to invest and earn a passive income by lending their assets to earn crypto interest, turbocharging their profits to ensure they’re not missing out on the action.

Hodlnaut offers a 30 USDC bonus when signing up with this link, up to 7.25% APY, and numerous features to boost your interest earning yields.

Keep reading to find out the main features, fees, interest rates, as well as security of Matrixport and Hodlnaut, and see what each has to offer.

Matrixport vs Hodlnaut: Interest Rate Comparison

Header

BTC

3% APY

4.08% APY (First 0.1 BTC)

ETH

3% APY

4.60% APY

USDC

15% APY

7.25% APY (First 100,000 USDC)

USDT

15% APY

7.25% APY (First 100,000 USDT)

Cell
Header

BTC

3% APY

4.08% APY (First 0.1 BTC)

ETH

3% APY

4.60% APY

USDC

15% APY

7.25% APY (First 100,000 USDC)

USDT

15% APY

7.25% APY (First 100,000 USDT)

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Matrixport vs Hodlnaut: Comparison Table

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Nunber of Coins

15+

6

Minimum Deposit

None

None

Withdraw Fee

BTC: 0.0005 BTC

ETH: 0.005 ETH

USDT (ERC-20): 10 USDT

USDT (TRC-20): 1 USDT 

USDC (ERC-20): 20 USDC

USDC (TRC-20): 1 USDC

BTC: 0.0004 BTC

DAI: 10 DAI

ETH: 0.0036 ETH

USDT: 10 USDT

USDC: 10 USDC

Pros

-  Various investment options available

- Mobile app available

- Instant crypto purchase options

- Offers high interest

- FREE 30 USDC bonus

- No lock-in period or minimum deposits

- User-friendly

Cons

- Not available in the USA

- Can only be operated via app

- Limited cryptocurrencies on offer

- Customer support is limited

Website

Matrixport vs Hodlnaut: Comparison Table

Cell

Number of Coins

15+

6

Minimum Deposit

None

None

Withdraw Fee

BTC: 0.0005 BTC

ETH: 0.005 ETH

USDT (ERC-20): 10 USDT

USDT (TRC-20): 1 USDT 

USDC (ERC-20): 20 USDC

USDC (TRC-20): 1 USDC

BTC: 0.0004 BTC

DAI: 10 DAI

ETH: 0.0036 ETH

USDT: 10 USDT

USDC: 10 USDC

Pros

-  Various investment options available

- Mobile app available

- Instant crypto purchase options

- Offers high interest

FREE 30 USDC bonus

- No lock-in period or minimum deposits

- User-friendly

Cons

- Not available in the USA

- Can only be operated via app

- Limited cryptocurrencies on offer

- Customer support is limited

Website

Pros
  • Instantly buy and sell cryptocurrencies
  • Various tools for investing and trading
  • Top-notch security protocols and procedures in place
  • Instant bank account to crypto wallet transfer options
  • $15 USD FREE bonus when you sign up with our link and deposit $300
Cons
  • Limited to mobile app usage
  • Not available in the USA
Pros
  • High interest yields
  • Free 30 USDC sign-up bonus
  • No minimum deposit requirements or lock-in limits
  • Weekly interest payments
  • User-friendly
Cons
  • Only 6 cryptocurrencies supported
  • Customer support is limited

Matrixport vs Hodlnaut Features 

Matrixport is your superstore when it comes to making money off of crypto. This exchange brings together every person’s needs to one place. Here, you can buy, sell, trade, borrow, invest, or earn interest on the cryptocurrency of your choice. While this may be daunting for a beginner, rest assured that your appetite will grow once you master the art of crypto. After that, you’ll want to utilise all features and tools at your disposal to maximise your earnings.

The platform’s design is sleek, elegant, and easy to use, its registration sign up process is quick and hassle-free, and the platform often throws out promotional packages to help users get the most out of their assets.

Matrixport’s main feature is its instant crypto purchasing option using credit or debit cards and bank wire transfers as payment methods. What this means for you is that you’ll be able to buy crypto right off the bat and not wait for fund processing or verification. This is especially beneficial if you’re confident that the crypto you're trading on will rise or fall in the coming hours or days so you won’t miss out on the action.

What’s more, the platform also has its own mobile application available for Android and iOS users, making crypto purchases an everyday occurrence. A big drawback is you can operate this exchange via the application only, as the platform doesn’t have a desktop app.

For those wishing to earn a passive income via accumulating interest on assets, you can reap the benefits of up to 15% APY. If you sign up here and deposit $300 or more into the 15% APY account, you also earn $15 USD for free. While other crypto platforms offer their users up to 10% at most, Matrixport manages to maximise these returns as much as possible. 

Other notable features you could make use of are the zero fee instant trading options available 24/7, numerous FAQs and resources for assistance, and the ability to earn even more money by giving liquidity to pools.

Hodlnaut, offers users the chance to earn high interest on cryptocurrencies. If you sign up here, and deposit $1000 USD worth of crypto for at least 31 days, you also receive $30 FREE USDC as a welcome bonus. This generous offer will give you a kickstart to growing your crypto holdings.

Hodlnaut also has a mobile application available for Android and iOS users, and the platform offers a learning centre where you can find everything you need to know about crypto, as well as stay up to date with the latest developments.

One of Hodlnaut’s best features is the high interest rates on stablecoins, up to 7.25% APY, which is a significant rate compared to other crypto interest accounts on the market. On their other coins, such as Bitcoin and Ether, users can still access reasonable rates of 4.08% APY and 4.60% APY, respectively.

In addition, if you happen to stumble upon an issue and don’t know what to do next, you can always turn to Hodlnaut’s impeccable customer support that offers a chat option to help you resolve your issue instantly.

Winner - Matrixport

Matrixport wins this round, as it offers more features, as well as an incredibly high 15% APY welcome offer for new users.

Matrixport vs Hodlnaut Fees

Maxiport doesn’t have any fee charges for crypto deposits. Bank wire transfers, though, are subject to a fee ranging from $20 to $50, while a 3.5% fee is applicable if you decide to buy crypto using your debit or credit cards.

When it comes to trading fees, the platform doesn’t have any fee charge, although if you wish to withdraw fiat assets, you’d be charged $30 per withdrawal.

When it comes to cryptocurrency, Basic level users are granted one free withdrawal per month, Gold and Silver members receive two, and Premier/Platinum members receive three free withdrawals per month.

After you reach the respective free withdrawals, each crypto withdrawal thereafter will be subject to a fee, depending on the crypto of choice.

Hodlnaut has fewer fees for users to worry about. Namely, there’s no deposit fee, and token swaps are free of charge as well.

Similarly to Matrixport, this platform also charges a withdrawal fee for crypto, depending on the type of currency you wish to withdraw.

For Bitcoin withdrawals, you’d be subjected to a 0.0005 BTC fee, for Ethereum, you’d be charged 0.0036 ETH, while for USD Tether and USD Coin, you’d be charged 10 USDT or USDC, respectively. These are slighly lower than Matrixport's withdrawal fees

Additionally, each user receives one free of charge withdrawal per month, without exceptions.

Winner - Hodlnaut

Hodlnaut wins as its crypto withdrawal fees are lower than Matrixport, and it also offers one free crypto withdrawal per month. 

Number of Cryptocurrencies

Matrixport supports 15+ cryptocurrencies including the most popular ones like Bitcoin, Ethereum, Dogecoin, Shiba Inu, USD Coin, and several more.

Hodlnaut has 6 cryptocurrencies you can earn interest on - BTC, ETH, DAI, USDC, USDT and WBTC.

Winner - Matrixport

Both platforms offer a low number of cryptocurrencies, but Matrixport has more than double the coins that Hodlnaut does.

Matrixport vs Hodlnaut Security

The one thing both platforms have in common is their impeccable security. Namely, Matrixport and Hodlnaut employ highly developed standards and safety protocols to ensure your assets remain protected at all times.

Individually, though, Matrixport offers a cold wallet storage system, with Cactus Custody being the custodian. It provides vault grade safety and security, as well as adhering to AML guidelines and protocols.

Furthermore, the platform employs S-SDLC and ISO 27001 standards to protect all crypto assets. Every user’s data, info, and funds are stored offline in a Level 3 FIPS140 3+ HSM, and there’s also two factor authentication in place with a fingerprint scan option to secure your account.

Hodlnaut, being a Singaporean fintech company, doesn’t adhere to the United States’ FDIC regulations but to Singapore’s financial standards and protocols. The platform runs on AWS, and the site is SSL secured and encrypted.

Users’ info and assets are stored offline, with Hodlnaut using a self custody cold wallet storage unit. The platform also has a whitelisting feature to ensure the user pre-approves certain addresses prior to any withdrawal.

Winner - Tie

Safety and security are of paramount importance, especially in the crypto world. That said, it's good to note that both platforms follow the latest safety protocols and adhere to each region's security standards and regulations.

Verdict - Matrixport

For multiple reasons, acquiring a secondary income is becoming a must nowadays as everyone is looking to get in on the action. Unfortunately, few actually know where to start. Crypto interest accounts are the perfect place to earn a passive income, and something you should definitely consider.

In this article, we reviewed two quite platforms, Matrixport and Hodlnaut, and showed the ins and outs of both to help you make the right choice.

Both platforms provide a full range of security services and use high-end verification and authentication features, which means you’re safe in the knowledge that your assets are protected at all times.

With that in mind, even though it’s difficult to separate the two, especially since both provide mobile applications and a beginner-friendly interface, Matrixport is a better overall choice since it offers more features, more coins, and high interest rates of 15% APY on stablecoins. However, if you are a resident of the USA, you won't be able to access Matrixport, so you can choose Hodlnaut, or one of the other top crypto interest accounts.

Overall Winner - Matrixport

Matrixport wins with buy/sell functionality, more coins, and high 15% APY on stablecoins. Click here to receive $15 USD free after depositing $300.

Still Researching?

If you are looking for other options, you can have look at our review on Matrixport (here) and Hodlnaut (here), or this article on the best crypto 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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