How To Earn Juicy Interest on Bitcoin – Bitcoin Savings Accounts

  • Do you want to earn interest on Bitcoin holding?
  • Do you want to earn interest on other cryptos that you hold?

If your answer is yes to any of the questions, you have come to the right place. In this article, you will find some of the trustable financial products that let you earn interest on Bitcoin or other cryptocurrencies. They use various mechanisms to generate a return like lending cryptos to financial institutes and margin trading exchanges.

Most of these products offer interest on Bitcoin. A few amongst these are also a part of Defi (Decentralized finance), which lets you earn interest on popular cryptocurrencies. I have also shared a few websites that let you earn interest on Stable coin holdings.

Disclaimer: Though these methods work, you should know that lending is a risky segment. A few of them have a locking period. You should only pick one of the products based on your risk management.

The table below offers information on various Bitcoin savings accounts and the coins they support.

Bitcoin Saving Accounts Interest rate for BTC (APY) Interest Up to (APY) Withdrawal Supported coins
Cryptocom 4% 8% Instant BTC, ETH, BNB, BAT, USDT, USDC
Vauld (For Indian 🇮🇳users) 6%+ 6.7% BTC, ETH, USDT
BlockFi (Recommended, available globally 🌍) 6.2% 6.2% Up to 2 days BTC, ETH, GUD
Celsius 3.75% 3.75% (BTC), 8% (Stable coins) Instant BTC, ETH, XRP, Stable Coins & more
Binance (Great for trading as well) Variable 1.5-3% Instant BNB, BTC, USDT, ETH, ADA, BCH, and more
Nexo BTC not available ATM 8% Instant All StableCoins
Compound finance BTC not available ATM WBTC (0.17%), DAI (2-5%) Instant WBTC, ETH, DAI, USDC, REP, ZRX
Comparison Chart of Bitcoin Savings Accounts

6 Best Websites to Earn Bitcoin Interest via Bitcoin Savings Accounts

1. BlockFi

To earn interest on Bitcoin, BlockFi should be your first choice as a Bitcoin Lending Platform. They offer interest up to 6.2% pa on different cryptos. BlockFi supports the following cryptocurrencies:

  • Bitcoin
  • Ethereum
  • GUSD (Gemini Dollar)
  • Litecoin
  • USDC
  • PAX

BlockFi Highlights

  • Interest earned is paid out at the beginning of the month.
  • Interest earned is compounded monthly.
  • You can also trade on the platform. For example: Sell your Bitcoin for USDC when price is high and buy back when the price is low. You will be earning interest in both cases.

The interest you earn via BlockFi varies based on the lending amount. The below chart gives a glimpse of the Annual Percentage Yield (APY)* you may earn:

Note: APY is calculated based on monthly compounding.

The locking period for BlockFi is one month. The withdrawal requires a manual interview, which can take up to 7 days for approval/completion. Besides, you must always keep a note of fees for withdrawal on your BlockFi Interest Account (BIA).

2. Celsius

Celsius is a platform that offers interest in Bitcoin and other major cryptocurrencies. The interests are generally paid out weekly. If you hold the platform token (CEL), you are likely to earn a higher interest.

At the time of writing, the following coins are supported by Celsius (shown with typical interest rate):

  • Bitcoin – 4.60%
  • Ethereum – 3.90%
  • Litecoin – 4.50%
  • Ripple – 2.50%
  • OmiseGo – 4.25%
  • Bitcoin cash – 3.75%

Celsius Network Highlights

  • No minimum deposit
  • Fee-free withdrawal
  • No lock-up period

3. Vauld – Indian Bitcoin Savings Account

Founded in 2018, Vauld is an Indian crypto exchange and lending platform that is headquartered in Singapore. They recently raised a series-A funding of $25 million from multiple notable investors. Vauld is a combination of a lending/borrowing platform and a crypto exchange.

The beauty of Vauld is that it automatically starts accruing interest to various cryptos held in your wallet. The platform is easy to use for both beginner and advanced users after a quick sign up process. Especially if you are an Indian user, you will love the Vauld platform for lending your Bitcoin and earning handsome interest.


4. Binance Savings Account

Binance is the world’s best cryptocurrency exchange and is loved by millions of traders globally. It offers a feature called “Binance Savings”, where you can lend your Bitcoin and earn interest. At the time of writing, Binance offers a 1.6% Estimated Annual Yield.

To use this feature, follow this:

  • Head over to Binance
  • Click on Finance > Savings

Here you can lend your Bitcoin and start earning interest. You also have an option to auto-subscribe, which will automatically lend your Bitcoin balance at the end of the day. This is ideal for traders on a break right now but want their cryptos to earn extra income.

5. Compound Finance

Compound Finance is at the forefront of decentralized finance where you can lend cryptocurrencies and earn interest. Lending cryptocurrencies using Compound helps add funds to the liquidity pool. Interest rates are determined algorithmically (real-time) based on supply and demand.

You can lend the following cryptocurrencies on Compound finance:

  • ETH
  • DAI
  • BAT
  • USDC
  • 0x (Zrx)
  • Augur
  • WBTC (only for lending Wrapped Bitcoin)

Here is the recent interest rate (Supply APR) for all supported cryptocurrencies:

You can expect Compound finance to add more cryptocurrencies to their pool in the future.

A common way to access the Compound protocol is by using Metamask. Users prioritising security should use Defi saver that lets you access compound protocol using hardware wallets like Ledger Nano XLedger Nano STrezor, and Fortmatic.

The two stable coins supported by Compound finance right now are:

  • DAI
  • USDC

Compound Highlights

  • The compound protocol is based on Ethereum blockchain.
  • As there is no locking period, you can withdraw funds anytime.
  • Interest rates are based on supply and demand.
  • Interest is paid after every ETH block confirmation (every ~15 seconds)

6. Nexo

I discovered Nexo a few months back and have already shared it with CoinSutra users on Telegram and Twitter. If you are an existing member, you may be aware of Nexo already.

Nexo is another high-quality platform that lets you earn interest on Bitcoin, stable coins, and other cryptocurrencies. You can earn up to 8% interest, which is generally paid out daily.

Supported coins: USDx, EURx, GBPx, USDT, PAX, DAI, BTC, ETH, BNB, and more

Nexo Highlights

  • Supports all major stable coins
  • Instant deposit and withdrawal
  • No locking period
  • 100% asset-backed guarantee
  • Custodial insurance of $100 million by BitGo and Lloyd’s of London
  • Business audited by Deloitte
  • Instant withdrawal from wallet with Zero withdrawal fees

The newest addition is Zero withdrawal fees for all cryptocurrencies from the Nexo wallet. They have a web app and mobile wallet, which makes it easy to use the Nexo platform.


Best Ways to Earn Interest on Bitcoin

As the cryptocurrency and decentralized financial market grow, I’m hopeful to see more trustable networks and platforms. For now, these are some of the best options for you to earn interest on your Bitcoin and other cryptocurrencies. Depending upon your requirements, you can also choose to earn interest in Bitcoin or stable coins.

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