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Interest Accounts

Hodlnaut Review: Earn Interest On Your Crypto

By Tom Blake • January 9, 2023

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Hodlnaut review 2022

If your cryptocurrency is currently sitting in a wallet and isn’t generating rewards, you’re probably missing out.

There’s a variety of ways to earn passive income with your cryptocurrency these days. Between staking and crypto interest accounts, you can earn meaningful rewards just for holding crypto.

Hodlnaut is one of the most beginner-friendly to earn crypto rewards. In fact, its crypto interest account pays up to 7.25% APY new users can get a bonus of up to $20 for opening and funding an account.

Our Hodlnaut review is covering everything you need to know about this crypto rewards platform and how to decide if it’s the right choice.

IMPORTANT UPDATE: On August 8, 2022, Hodlnaut suspended deposits and withdrawals due to market conditions. They also suspended their regulated license application. This is a bad sign, and as a result, we cannot recommend Hodlnaut to readers.


Hodlnaut review

Quick Summary

  • Earn up to 7.25% APY on your crypto
  • Interest gets paid out weekly
  • Minimal fees
OPEN AN ACCOUNT

Hodlnaut Details

Product Name

Hodlnaut

Product Type

Crypto Interest Account

Min Deposit

$0

Interest Rates

Up to 7.25% APY

Promotions

Up to $20 Bonus For Opening and Funding a New Account

Pros & Cons

Pros

  • Competitive interest rates that are paid out weekly
  • No account or deposit fees and one free withdrawal per month
  • Free token swapping

Cons

  • Only supports 6 assets
  • Withdrawal fees after your first withdrawal per month

Table of Contents
Pros & Cons
Who Is Hodlnaut?
What Does It Offer?
Are There Any Fees?
How Does Hodlnaut Compare?

How Do I Open An Account?
Is Hodlnaut Safe?
Should You Use Hodlnaut?
Hodlnaut Features

Who Is Hodlnaut?

Hodlnaut is a Singapore-based company that began in 2019. Like competitors BlockFi and Celsius, Hodlnaut offers a free cryptocurrency interest account that lets you earn rewards on your deposits.

With over $500 million in held assets and more than 10,000 users, Hodlnaut is a sizable player in the crypto rewards space. And simplicity is really the name of the game. There aren’t any account fees, minimum deposits, or hoops to jump through to open your account.

You don’t get features like cryptocurrency rewards cards like you do with
BlockFi. But if you’re just looking to earn interest on your cryptocurrency and want an easy-to-use platform, Hodlnaut could be right for you.

What Does It Offer?

A crypto interest account is Hodlnaut’s main offering. Additionally, there are several features account holders can use to maximize their rewards.

Hodlnaut Interest Account

Hodlnaut’s cryptocurrency interest doesn’t have any account fees or minimum deposit requirements. Currently, Hodlnaut supports seven assets:

  • Bitcoin (BTC)
  • Dai (DAI)
  • Ethereum (ETH)
  • Tether (USDT)
  • USD Coin (USDC)
  • Wrapped Bitcoin (WBTC)
  • Pax Gold (PAXG)

You earn interest on a weekly basis. There isn’t a lock-in period, so you can deposit or withdraw whenever you like. Hodlnaut also has some of the most competitive interest rates out of all the crypto interest accounts out there.

Here’s a range of Hodlnaut’s current interest rates:

Hodlnaut Interest Rates

Asset

Annual Percent Yield (APY)

Bitcoin

1.60% - 4.08%

Dai

0.05% - 3.56%

Ethereum

2.02% - 4.60%

Tether

0.10% - 7.25%

USDC

0.10% - 7.25%

Wrapped Bitcoin

1.60% - 4.08%

Pax Gold

1.00%

With Hodlnaut, you get the highest interest rate with the first tier of deposits. For example, Hodlnaut pays you 4.08% APY on the first 0.1 BTC you deposit. Your next 0.9 BTC earns 3.25% and anything above 1 BTC will earn 1.61%.

You get paid interest in-kind by default. This means if you deposit Bitcoin, you earn Bitcoin as rewards. However Hodlnaut also has a new preferred interest payout feature that lets you select the cryptocurrency you earn as interest. This helps you diversify your holdings and is also useful if you think an asset Hodlnaut supports is going to appreciate in the near future.

Free Token Swapping

Like many popular cryptocurrency exchanges, Hodlnaut lets you swap various cryptocurrencies and stablecoins around. Like preferred interest payouts, this is an effective way to diversify your portfolio. Token swapping also lets you earn more interest if you swap to a token that pays more interest than what you’re holding.

Hodlnaut doesn’t charge fees for token swapping which is also a perk. When you place a swap, you get a quote price that lasts 30 seconds. The quote displays how much of a cryptocurrency or stablecon you’re going to receive after completing the swap.

You can also place a market order to instantly complete a swap, although you might earn slightly more or less than you bargained for if markets are volatile. You earn interest on assets the day you complete a swap, so you can also use this feature without interrupting your crypto earnings.

Fixed-Term Deposits

Hodlnaut largely caters to newer cryptocurrency investors because starting interest rates are so competitive. In other words, you don’t need hundreds of thousands of dollars worth of Bitcoin to get the best interest rates.

However, Hodlnaut still caters to investors with significant holdings thanks to fixed-term deposits. With fixed-term deposits, you lock up your cryptocurrency for a set amount of time. In exchange, you earn more interest than you would if you stick with the lower tiers in Hodlnaut’s regular interest account.

How much interest you earn depends on the asset and how long the lock-in period is. Hodlnaut offers 30-, 90-, and 180-day lock-in periods. You also get paid interest upon maturity and interest earned isn’t compounded.

Hodlnaut Fixed Term Deposit Rates

Lock-In Period

BTC

WBTC

ETH

DAI

USDC

USDT

30 Days

3.00%

3.25%

3.50%

7.50%

7.50%

7.50%

90 Days

3.30%

3.55%

3.70%

8.00%

8.00%

8.50%

180 Days

3.55%

3.75%

4.00%

8.25%

8.25%

8.25%

Again, most investors should use the regular cryptocurrency interest account because the starting rates are so high. But if you have a larger portfolio, fixed-term deposits are superior.

Note that while you can terminate a fixed-term deposit before maturity, you'll forfeit all accrued interest.

Hodlnaut Referral Program

Hodlnaut has a fairly generous referral program, which is great news if you have friends and family who also want to start earning crypto rewards.

The referral program pays you 10% commission on your referee’s commission. This 10% isn’t taken out of their profits either, so there’s no downside.

Commission you earn is paid in-kind, so if your friend deposits Dai, that’s what you earn. Referees also get a $20 bonus if they make a $1,000 deposit as their first deposit or within a week of opening their account.

Are There Any Fees?

Hodlnaut is one of the lowest-cost methods to earn interest on your cryptocurrency. For starters, you don’t pay account fees or any deposit fees. Token swapping is free as well, so you’re not getting dinged for using the platform or its features.

Hodlnaut even lets you make one free withdrawal per month, which isn’t a given for every cryptocurrency interest account. But if you make more than one withdrawal per month, you pay fees that vary depending on the asset type.

Hodlnaut Withdrawal Fees

(After One Free Withdrawal Per Month)

Asset

Minimum

Transaction Fee

Bitcoin

0 BTC

0.0004 BTC

Cardano

0 DAI

10 DAI

Ethereum

0 ETH

0.0036 ETH

USD Coin

0 USDC

10 USDC

Tether

0 USDT

10 USDT

Wrapped Bitcoin

0 WBTC

0.0004 WBTC

Hodlnaut rates are subject to change depending on market conditions, so keep this in mind.

How Does Hodlnaut Compare?

Hodlnaut is far from the only cryptocurrency interest account that’s available. And, while it’s incredibly beginner-friendly, other companies may have superior interest rates. Furthermore, many leading interest accounts support more assets than Hodlnaut.

Of course, rates for your specific cryptocurrency is what matters most. For example, Hodlnaut pays 5.33% on its first tier of Bitcoin while BlockFi pays 4.5% and Celsius pays up to 6.20%. But BlockFi and Celsius support more assets and tend to offer higher rates. Celsius also supports more cryptocurrencies and stablecoins and doesn’t ever charge withdrawal fees.

Ultimately, it’s wise to shop around and to compare rates and fees before making your first deposit. You can also compare available sign-up bonuses and even use multiple cryptocurrency interest accounts to maximize rewards. Here’s a closer look at how Hodlnaut stacks up:

Header
Hodlnaut Comparison
Hodlnaut Comparison: BlockFi
Hodlnaut Comparison: Celsius

Star Rating

Supported Assets

6

12

40+

Best APY

7.25%

7.50%

9.32%

(In-CEL Rate)

Free Withdrawals

1 Per Month

1 Per Month On Some Coins. No Free Withdrawals On Ethereum Network Tokens

Unlimited

Cell
GET STARTED
READ REVIEW
READ REVIEW

How Do I Open An Account?

You sign up for Hodlnaut with your name and email address. Once you verify a confirmation email, you must enable 2-factor authentication to finish setting up your account. Hodlnaut uses Google Authenticator for this process.

Hodlnaut also follows know-your-customer (KYC) requirements. This means you have to enter personal details and verify your identity to complete your account. Information and documents you need include:

  • Name
  • Nationality
  • Country of birth
  • Date of birth
  • Employment information
  • Government-issues ID like a driver’s license or passport

If you have issues with KYC compliance, you can contact Hodlnaut support at [email protected]

Is Hodlnaut Safe?

Important Update: On August 8, 2022, Hodlnaut revoked is MAS accreditation and suspended deposits and withdrawals. This is not a good sign, and as a result, we cannot recommend Hodlnaut from a safety perspective.

Since Hodlnaut is based in Singapore, the company falls under Singaporean regulations. The company is certified by the Singapore Fintech Association (SFA), which is a recognized accreditation by the Monetary Authority of Singapore (MAS).

However, Hodlnaut isn’t FDIC-insured or under any U.S. government regulation. You can still use Hodlnaut if you live in the United States or much of the world. But you don’t have federal insurance of any sort.

According to Hodlnaut, the company notifies users if regulatory changes force it to adjust operations. The company also states it will ensure users in advance if it has to shut down so they can withdraw funds. But again, there aren’t guarantees.

Finally, Hodlnaut states that it holds most of its assets in a cold wallet, with just 2% remaining available for liquidity. This reduces the risks of hackers draining the company of funds, which is good news since Hodlnaut doesn’t guarantee it can cover losses from hacks.

If you want to reduce risk, you can purchase Nexus Mutual coverage through your Hodlnaut account. This provides two levels of coverage:

  • If the custodian gets hacked and you lose more than 10% of your crypto
  • If withdrawals from the custodian are frozen for more than 90 days

How much you pay for coverage depends on your asset value and coverage period. As an example, covering 5 ETH for one year currently costs 0.1299 ETH.

Ultimately, your best bet is to secure your account as much as possible. This means using a strong password and enabling whitelist wallet addresses in your Hodlnaut settings. You may also want to spread out your crypto across multiple interest accounts if you have a large portfolio to diversify risk.

Should You Use Hodlnaut?

Hodlnaut is one of the most beginner-friendly ways to earn interest with cryptocurrency. With competitive rates and no fees, it’s also easy to see why Hodlnaut is so popular.

You should still shop around to compare interest rates with companies like BlockFi, Outlet Finance, and Celsius. But if simplicity and lack of fees are what’s most important to you, Hodlnaut is the clear choice.

Get started with Hodlnaut here >>

Hodlnaut Features

Product Type

Crypto interest account

Supported Coins

6

Min Deposit

$0

Min Balance Requirement

$0

Interest Rate On Deposits

Earn up to 7.25% APY

Withdrawal Fees

Withdrawal fees that vary depending on the crypto but you get one free withdrawal per month

Supported Payment Types

Cryptocurrency deposits

Insurance

Hodlnaut doesn’t offer insurance, but you can buy coverage from Nexus Mutual

Security

Hodlnaut follows KYC requirements and also requires two-factor authentication. The majority of funds are also held in a cold wallet to reduce the risk of funds being stolen

Mobile App Availability

Android and iOS

Web/Desktop Availability

Yes

Customer Service Email

[email protected]

Promotions

Earn up to $40 for opening and funding an account

Tom Blake
Tom Blake

Tom Blake is a personal finance writer with a passion for making money online, cryptocurrency and NFTs,  investing, and the gig economy.

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, or other advertiser and have not been reviewed, approved or otherwise endorsed by any of these entities.

Comment Policy: We invite readers to respond with questions or comments. Comments may be held for moderation and are subject to approval. Comments are solely the opinions of their authors’. The responses in the comments below are not provided or commissioned by any advertiser. Responses have not been reviewed, approved or otherwise endorsed by any company. It is not anyone’s responsibility to ensure all posts and/or questions are answered.

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