In today’s banking market you’re lucky if you can find a savings account that pays out more than a few percent. Most banks barely go as high as 1% interest rates, which seems almost pointless, doesn’t it?
Fortunately, there’s an option that has seen significant growth over the last 24-months: bitcoin savings accounts. Bitcoin savings accounts allow you to earn interest on bitcoin – typically, a much higher rate than traditional savings accounts.
Best Bitcoin Savings Accounts
If you know where to look, you can earn significant interest by depositing your bitcoin into these platforms.
So, what are the best bitcoin savings accounts available on the market? We here at Bitcoin Market Journal have done the legwork for you so you can quickly and easily identify which platform makes the most sense for you.
|Name||Description||Company Launch Year||APR||Company Trustpilot Rating||Number of Twitter Followers||Supported Altcoins||Score|
|Nexo||While Nexo does have lock-up times, they’re typically less than a day. Plus, the platform guarantees its assets. This a very appealing feature when it comes to using Nexo, as it also offers high-interest rates on its bitcoin and altcoin currencies.||2018||0.1||4.8||54k||13||4.5|
|Crypto.com||Even though crypto.com has some of the best rates on the market, you’ll have to meet certain criteria to get them. If you don’t have a lot to invest, you might find that you have better success with other platforms. Yields for cypto.com use daily interest, so if you want higher yields, you’ll want to stay invested for at least a quarter.||2016||0.08||3.8||226k||27||4.5|
|Celsius Network||Celsius Network offers some of the best bitcoin savings account rates on the market. Users have the option to select from a range of altcoins in addition to bitcoin. Plus, Celsius pays out on a weekly basis and gives users the option to earn more interest if they choose to use the platform’s native token.||2017||0.1||4||83k||31||4.5|
|BlockFi||BlockFi is a great bitcoin savings account if you’re looking for an option with no minimums. WIth high-yield accounts, this is a great way to get your foot in the door of investing in the world of bitcoin and altcoins. Even if you only have a few bitcoin available, BlockFi is a solid option.||2017||0.086||3.3||24k||5||4|
|CoinLoan||Those using CoinLoan will enjoy its high yields on their investments. These yields apply to bitcoin, traditional altcoins, and stablecoins. Users can withdraw their funds at any time, but why would you when CoinLoan has rates as high as 10.3%.||2016||0.103||4.2||6k||13||3.5|
|YouHodler||If you decide to invest through YouHodler, you have the option to withdraw your money whenever you want. Plus, the platform offers plenty of protections for those who choose to invest in their high-yield options. However, the minimum investment for the site is $100 USD.||2019||0.12||4.6||5k||13||3.5|
|Nuo||You can find some good deals on certain tokens when using Nuo’s platform, but the options are limited, so unless you’re focusing solely on bitcoin, it may not make much sense to go this route. However, Nuo is purely peer-to-peer, which sets it apart from other options that are regulated and more centralized.||2018||0.11||0||5k||12||2.5|
These options are just the tip of the iceberg when it comes to bitcoin savings account, but they are some of the best on the market. Whether you want to invest for a few weeks or a few years, there’s no shortage of choices. Just pick a platform, invest your bitcoin, sit back, and watch it grow.
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The post Top 7 Bitcoin Savings Accounts, Rated & Reviewed for 2021 appeared first on Bitcoin Market Journal.