This Year's Crypto Savings Accounts to Get You In The Game

Crypto Savings Accounts

Are you a cryptocurrency owner who wants to keep your coins safe? Crypto companies throughout the ecosystem provide a savings plan for customers who want to generate passive income on their crypto assets, similar to bank savings accounts in traditional finance.

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By simply staking your crypto assets with a service provider, you may earn interest rates of up to 20% APY on your crypto holdings. We go through some of the advantages of having a crypto savings account, the best crypto savings account, and why crypto savings accounts may soon replace regular savings accounts in this post.

The Advantages of Saving in a Cryptocurrency Account

It’s critical to understand the benefits and dangers of any crypto savings account before deciding to invest. It is apparent that crypto savings accounts do not function in the same manner that regular savings accounts at banks and credit unions do, which may provide consumers with both benefits and problems.

Following are some of the advantages that crypto savings accounts may provide once a user invests in the platform.

Passive income: The goal of saving is to have a steady stream of income while your assets are safe. Instead of keeping their funds in their wallets, users may use crypto saving accounts to make passive income.

crypto savings accounts: Unlike typical savings accounts, crypto-savings accounts denominate and pay interest using either USD interest rates or crypto-based interest rates, such as Bitcoin Interest Accounts. This allows crypto enthusiasts to directly invest in their preferred crypto assets.

Higher rates of return: Crypto savings accounts provide a higher rate of return on savings (due to price volatility risk), ranging from 5% to 12% annual percentage yield (APY), compared to regular bank savings accounts, which pay only 0.5 percent APY. If u are willing risk, a crypto savings account might help you save more money.

Crypto savings accounts allow users (particularly newcomers to crypto) to safely keep their money, minimising the likelihood of them losing access to their wallets. Some sites, including and the AAX exchange, offer insurance coverage in the event of a breach.

Finally, certain crypto savings accounts, such as Binance, provide users with perks, tokens, and other incentives, therefore improving total savings profits.

Savings Accounts To Help You Get Started

After learning abou the advantages of saving in crypto accounts, we’ll look at how newcomers and experts may start making passive income using savings accounts.


All registered customers have access to BlockFi’s Interest Account (BIA), which allows them to earn up to 7.5 percent APY on their staked crypto assets like as Bitcoin, Ethereum, USDC, and others. There is no min-balance required for the crypto savings account, and there are no hidden fees. The interest rates (USDC interest account & BTC interest account) are calculated daily and remitted to your wallet every month.

BlockFi, being one of the most popular crypto savings accounts, assures that customers’ funds are kept in cold storage and that they are covered by FDIC insurance for cash assets lost due to theft up to $250,000.

BlockFi offers crypto loans to select consumers in addition to its savings service. Only withdrawal costs, which vary depending on the crypto asset, are charged by the platform.


Bybit just launched its crypto savings platform, Earn, which supports more than ten cryptocurrencies. Crypto savings accounts with up to 8% APY on selected crypto assets are available through the bitcoin derivatives trading platform.

The exchange has no minimum deposit requirement for savings accounts, and simply charges a withdrawal fee based on the asset.


Nexo is most known for its lending platform, but it has also established a presence in the crypto savings sector. Nexo’s high-yielding interest accounts pay out up to 12% APY on a variety of crypto assets, with interest paid daily. It has a low interest rate and a short lockup period (less than 24 hours).

Members of the Nexo Loyalty programme, which is based on ownership of the native NEXO token, get access to the best earning rates. Over $100 million in insurance is supported by Nexo to protect users’ assets.


If you’re new to cryptocurrency, the Coinbase exchange in the United States is the most straightforward way to get started. While the exchange is new to the savings market, it has seen a surge in demand for its goods, with account users receiving up to 1.25 percent annual percentage on on their USD coins in their wallets.

Coin base allows customers to withdraw funds at any moment, making it attractive to short-term investors by providing them more control over their funds. The exchange has yet to make its crypto asset savings available to the general public. They began enabling chosen customers to stake Ethereum in April 2021, with rewards of up to 6%. You can join their waitlist if the service isn’t currently available to everyone.

Withdrawal fees and 0.5 percent spreads are among the costs charged by the exchange. The FDIC insures users’ USD deposits up to a maximum of $250,000.

AAX Exchange

AAX Exchange is a stock exchange in the United States.

AAX Exchange is a privately operated digital asset exchange situated in Asia that is spearheading crypto adoption in the area. It is the first crypto exchange powered by LSEG Technology’s Millennium Exchange, and it just joined the London Stock Exchange Group’s (LSEG) Partner Platform.

The exchange just launched its own crypto savings platform, which offers the best rates on crypto savings to date, with customers earning up to 20% APY on their investments. In its 7-day fixed savings product, AAX delivers the highest APY on centralised finance crypto savings on assets including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USDC.

Users may quickly transfer their USD, EUR, and GBP to the exchange and begin saving right away thanks to a variety of fiat onramp alternatives available on the platform. No minimum account balance required, and the savings account simply has a withdrawal fee. Daily interest is computed.


Over the last two years, the Winklevoss-backed Gemini exchange has established itself as one of the safest and most regulation-friendly cryptocurrency exchanges. After establishing their cryptocurrency savings account, Gemini Earn, the platform is a great alternative for trading and investing cryptocurrencies.

On some crypto assets, the exchange provides savings alternatives for 39 cryptocurrencies with interest rates as high as 7.04 percent APY. By staking their bitcoins on the Gemini Earn account, users may earn up to 1.65% APY. There are no deposit fees, however after withdrawing 10 coins each month, withdrawal costs vary according on the asset. Agent costs, which vary each coin and range from.04 to 4.3 percent, are charged by Gemini Earn.

For potential crypto asset losses, the platform just launched a $200 million insurance fund.

Network Celcius

Celcius Network is one of the simplest methods for opening a crypto savings account and receiving weekly interest right away. Users just need to deposit money into their selected account to begin earning money passively. The network begins paying weekly interest, and you can withdraw at any moment.

The platform, on the other hand, provides very high rates but lacks complete transparency in terms of how the interest rates are computed. On 14 different cryptocurrencies, interest rates are paid according to loyalty tiers ranging from 2.02 percent to 17.78 percent.

Customers may now access trading services, savings accounts, and repurchase options through’s services desk, which has evolved from a tight on-ramp platform. When it comes to saving, however, the platform prioritises individuals with large sums of money, thus shutting out small-time crypto savers.

The saving accounts are divided into tiers, each with its own set of requirements to complete in order to begin saving on the site. Its Earn function provides rates ranging from 0.5 percent to 8.5 percent for cryptocurrencies such as Bitcoin, and 14 percent for stablecoins such as USDC. Weekly prizes in USDC are distributed by the platform.

4 Things to Consider When Selecting a Crypto Savings Account

The aforementioned interest yields appear to be attractive, and they may provide investors a lot to consider when deciding on their chosen alternative. We go through some of the main characteristics to look for when depositing money into a crypto-savings account in this section.

Tokens supported: Because no platform would allow users to save for every crypto asset accessible, it is critical for users to check which assets are available before starting to save.
Withdrawal restrictions: Before depositing funds to any platform, make sure you understand the withdrawal lockup periods, fees, and any other limitations that may apply. Keep in mind that some services, like Coinbase, only accept deposits from investors from specific countries.
Policy on security and insurance: When choosing a crypto savings account, one of the most essential factors to consider is asset security. To keep its clients’ valuables safe, the platform requires a cold storage facility. While insurance is uncommon in the crypto world, it may play a role in your selection because several savings accounts protect their customers against theft and hacking losses.
Simple or compound interest: Some exchanges, such as NEXO, pay daily simple interest to your account. If you need the interest to earn income, however, you should look for sites like AAX Exchange, which gives daily compound interest.

The Remainder

We’ve covered the most important facts you should know before, during, and after you choose a crypto savings account in this post. We looked at the advantages of a crypto savings account over a regular savings bank account, as well as saving accounts to get you started and what to look for before deciding on a platform.

While bank savings accounts provide attractive rates, we’ve observed that crypto savings typically earn considerably more and have advantages over regular savings, as we’ve shown above. We’ve written a thorough study on the benefits and drawbacks of crypto savings accounts, including fees and features, to assist you figure out which platforms can help you get started.

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