Best Crypto Savings Accounts: Quick Rundown of the Top 8 Providers

Crypto savings accounts provide investors with the ability to earn interest from their cryptocurrency holdings. Working like a hybrid between a crypto wallet and a bank account, they reward users for deposits, either by staking or investing cryptocurrencies.

Crypto savings accounts provide investors with the ability to earn interest from their cryptocurrency holdings. Working like a hybrid between a crypto wallet and a bank account, they reward users for deposits, either by staking or investing cryptocurrencies. They are therefore a good option for investors who plan to hold their tokens for longer periods of time.

Investors can open crypto savings accounts with many of the leading exchanges, as well as with cryptocurrency lenders and investment firms. While the choice can often be intimidating, this article will help retail investors navigate the market and pick the best crypto savings account for them.

Here's a quick rundown of the savings accounts we’ll feature –

#1 Pick

Nexo

Nexo

Founded: 2018

Cryptocurrency Support: 30+

APY: Up to 15%

Check Nexo Now

Nexo is a Zug-based cryptocurrency lender and trading platform known for offering the best crypto savings accounts. It provides such accounts through its Earn product, which is available for just over 30 cryptocurrencies, including Bitcoin, Litecoin, Ethereum, XRP, USDT, Dogecoin, Cardano, Solana, and Tron.

By depositing the eligible tokens, Nexo users can earn a yield of up to 15% APY, although they can top this up by an extra 2% when choosing to receive their interest in the form of the native NEXO token. It pays such high rates via its overcollateralized lending to other institutions, with its credit lines collateralized by anything from 200% to 500%.

One of the benefits of Nexo is that it provides daily interest payouts, while the Flex option enables users to withdraw deposited funds at any time. Choosing fixed-term deposits, where funds are locked up for at least one month, provides the chance to earn higher yields.

Nexo has very low minimum deposit amounts, requiring only 0.001 BTC to earn yields with Bitcoin, for example. It also allows you to stake Ethereum and earn a higher yield by choosing to receive rewards in the form of Nexo Staked Ethereum (NETH), with maximum rates rising from 8% to 12% in the latter option.

While certain cryptocurrency lenders (e.g., Celsius, Voyager) have collapsed in recent years, Nexo retains a strong reputation and is regulated in various countries worldwide, including as a Virtual Currency Operator in Italy.

Pros

- High interest rates of up to 15% APY on 30+ cryptocurrencies

- Daily interest payouts and the ability to withdraw at any time with Flex option

- Low minimum deposit amounts, starting at 0.001 BTC for Bitcoin savings

- Staking Ethereum provides the chance to earn higher yields in the form of Nexo Staked Ethereum (NETH)

- Strong reputation and regulated in various countries, including as a Virtual Currency Operator in ItalyCons

- Only a limited number of cryptocurrencies are supported for savings accounts

- Higher interest rates are available only to those who choose to receive their rewards in the form of the native NEXO token

- Despite being one of the best crypto savings account providers, it isn't available in several countries, including the US#2 – Supports Most Crypto Coins

YouHodler

YouHodler

Founded: 2018

Cryptocurrency Support: 58

APY: Up to 15%

Check YouHodler Now

Regulated in the EU and Switzerland, YouHodler is arguably the best crypto savings account provider for European investors. It launched in 2018 and offers a highly competitive Yield Account that currently accepts 58 tokens, including Bitcoin, Ethereum, XRP, Solana, Litecoin, Tron, Avalanche, and Tether.

Its Yield Account is highly accessible, allowing users to open the account at the Basic level with a minimum deposit of only $100. Current rates for the Basic tier range from 3% for Bitcoin and Ethereum to 7% for Litecoin and 10% for Tether, while trading or depositing more can qualify users for fixed deposits and higher levels of interest. What’s particularly good about YouHodler is that it pays interest every week.

There’s also a YouHodler Earn program, which works with a wider range of cryptocurrencies, including meme coins like Shiba Inu, Dogwifhat, Pepe, and Floki Inu. It can offer up to 15% interest on some coins, such as Pepe and Dogwifhat while providing the option of either daily or weekly payouts.

All in all, YouHolder offers one of the best crypto savings accounts in the industry and is also an excellent trading platform. Given that it’s regulated in Switzerland and the EU, users can take reassurance from the fact that it’s one of the most reliable platforms in the sector.

Pros

- Supports a massive range of cryptocurrencies for its savings accounts, including meme coins

- Provides the option