Best Bitcoin Lending Platform 2022

Ready to earn interest on Bitcoin? Let’s have a look at the best bitcoin lending platforms in 2022. This ultimate guide will show you how to use the bitcoin savings account to generate passive income on your crypto.

Comparison Criteria For Bitcoin Lending Platforms

In this comparison of the best bitcoin lending platforms, we will be looking at the following factors that determine your return on your bitcoin:

Bitcoin rates
Tiers
Staking requirements
Need for utility tokens

Those four factors are the essential variables to consider to evaluate your real return from top bitcoin lending sites.

Best Bitcoin Lending Platforms

Here is a quick overview of the best bitcoin lending platforms that offer a high yield on your bitcoin deposits.

Keep in mind that if the bitcoin lending site requires you to stake your crypto, buy utility tokens, or change rates based on the amount of crypto you deposit, the flexibility of your bitcoin savings account decreases.

We have also highlighted the platforms currently offering interest on your bitcoin holdings even if you reside in the U.S. Several platforms don’t offer yield on bitcoin due to regulatory restrictions in the U.S.

We have scored all the listed platforms based on 43 criteria, including risk-oriented variables and red flags. If you want to get deeper insights into our crypto lending comparison table, you can become a member and access it here.

While many crypto holders chase the highest rates, you should know that the offered rate is not the only factor to consider. If you deposit your bitcoin on a dishonest bitcoin lending platform, you might expose your bitcoin to a significant risk. Explore our in-depth reviews to learn more about the known red flags on every p2p crypto lending platform.

Best Bitcoin Rates

Here you will find the best bitcoin lending platforms and their rates for the bitcoin savings accounts, sorted by the highest rate for up to 0.1 BTC.

Bitcoin Lending Site	APY on > 0.1 BTC	APY on 0.1 - 0.5 BTC	APY on > 1 BTC
YouHodler	6.80%	6.80%	6.80%
Celsius Network	6.50%	2.50%	2.50%
Nexo	6%	6%	6%
Hodlnaut	5.33%	5.33%	5.33%
Ledn	5.25%	2%	2%
CoinLoan	5.20%	5.20%	5.20%
Vauld	4.60%	4.60%	4.60%
BlockFi	3%	1%	0.5%
Yield App	2.50%	2.50%	2.50%
Cabital	1.80%	1.80%	1.80%
Crypto.com	0.5%	0.5%	0.5%

Keep in mind that this table doesn’t consider the staking of utility tokens. The reward is what you get paid in kind without any lock-up periods.

While the interest rates will change over time, this framework will give you a good idea of comparing various bitcoin lending platforms based on what’s important to you.

Let’s dive even deeper into the best bitcoin lending platforms to learn more about the different reward schemes for the bitcoin interest wallets.

YouHodler Bitcoin Savings Account

YouHodler Bitcoin Rates
Interest on BTC (APY)	6.80%
Tiers	No
Staking	No
Token:	No
Bitcoin Rate Updates	Not frequent

YouHodler is likely one of the best bitcoin lending platforms for non-U.S. citizens. The bitcoin lending site offers very competitive and stable rates on your bitcoin holdings. Top-ups to your bitcoin wallet are free, and the platform also supports crypto swaps, so you can easily exchange stablecoins for bitcoins and vice-versa.

The best part about YouHodler is its super simple reward scheme. You don’t need to stake any crypto or buy volatile utility tokens. There is also no tier program in place which means you get a flat rate on any bitcoin you deposit.

Pros

Transparent platform
Easy to use
High interest on bitcoin

Cons

Not available for U.S. citizens
FIAT transactions are pricey

Keen to earn interest on your bitcoin? Get our YouHodler promo code to get a bonus!

Or read our in-depth YouHodler review

Celsius Network Bitcoin Interest Wallet

Celsius Bitcoin Rates
Interest on BTC (APY)	1% - 6.5%
Tiers	Yes
Staking	No
Token:	Yes
Bitcoin Rate Updates	Frequent

Celsius is one of the most user-friendly peer-to-peer bitcoin lending platforms with advanced security features such as allowed withdrawal addresses.

The platform’s rates change frequently, and it also has a tier system in place, where you receive a lower interest rate by depositing more than 0.1 BTC or 3 BTC, respectively.

The reward on your bitcoin holdings also depends on whether you stake the native CEL token and whether you choose to receive the compensation in CEL or in-kin (bitcoin).

Bitcoin Amount	Reward in Bitcoin	Reward in CEL
On the first 0.1 BTC	6.50%	8.53%
On 0.1 - 3 BTC	2.50%	3.26%
On 3 BTC	1%	1.31%

As you can see, the rates for your bitcoin interest account on Celsius vary a lot. Keep in mind that if you choose to earn rewards in CEL, you have to calculate the additional volatility that comes with the change in the value of the CEL token.

We don’t suggest using utility tokens, as it often lowers your net return due to the token’s higher volatility than other crypto assets.

Unfortunately, Celsius doesn’t currently offer yield on bitcoin for new users from the U.S. due to regulatory restrictions. International clients can still sign up and earn interest on their bitcoins.

Pros

Easy to use
Reputable

Cons

Not available for U.S. citizens
Questionable business practices
Rates change frequently

Before you go ahead and get a $50 bonus in BTC by using our Celsius Referral Code, be aware that there are a few points regarding the risk elements on Celsius that you should consider before depositing bitcoin. To learn more about those, navigate to our in-depth Celsius Network review.

Hodlnaut Bitcoin Interest Wallet

Hodlnaut Bitcoin Rates
Interest on BTC (APY)	1% - 5.33%
Tiers	Yes
Staking	No
Token:	No
Bitcoin Rate Updates	Frequent

Hodlnaut offers up to 5.33% APY on up to 1 BTC without staking any tokens. While the platform doesn’t support as many cryptocurrencies, the bitcoin interest account is fairly easy to use.

It’s worth noting that Hodlnaut’s bitcoin interest rate is dynamic and that the platform is regularly changing. The platform also has a dedicated tier system in place, where the interest rate on your BTC drops as you deposit a higher amount on Hodlnaut.

Bitcoin Amount	Reward in Bitcoin
On the first 1 BTC	5.33%
Next 0.5 BTC	5.02%
Next 0.5 BTC	1.51%
Above 2 BTC	1%

Depending on the amount of bitcoin you deposit, you can get an even higher rate than on Celsius.

Pros

Easy to use
No minimum deposit requirements
Decent support

Cons

Only 6 supported coins
Tier system

Using our Hodlnaut referral code, you can get a $30 bonus in USDC.

Or read our in-depth Hodlnaut review

CoinLoan Bitcoin Interest Wallet

CoinLoan Bitcoin Rates
Interest on BTC (APY)	5.2% - 7.2%
Tiers	No
Staking	No
Token:	Yes
Bitcoin Rate Updates	Not very frequent

If you decide to earn interest on your bitcoin on CoinLoan, you can expect a flat rate of 5.2% APY. If you want to get that additional 2% APY on your bitcoin holdings, you will have to buy and stake 2,500 CLT tokens.

As we write this guide, 1 CLT is trading at €17.10, which means you would have to buy CLT tokens worth €42,750, which you stake on the platform.

Considering it is not the most transparent, that’s quite a steep commitment to a platform in the crypto lending space.

Pros

Easy to use
Based in Estonia
Only in-house BTC lending

Cons

Advertising yield on FIAT
Management is not known
CLT staking is required

If you would like to try CoinLoan yourself, you can get a special CoinLoan bonus by signing up with our partner link below.

Or read our in-depth CoinLoan review.

Cabital Bitcoin Interest Wallet

Cabital Bitcoin Rates
Interest on BTC (APY)	1.8%
Tiers	No
Staking	No
Token:	No
Bitcoin Rate Updates	Not very frequent

Cabital offers a bitcoin lending feature for conservative crypto holders. The company offers a 1.8% APY on your bitcoin holdings with no lock-up periods, utility tokens, and tiers.

Pros

Easy to use
Good for beginners
Conservative bitcoin interest account

Cons

Not available for U.S. citizens
Low rates
Only three supported coins

Deposit as much or little as you want, and Cabital will top up your bitcoin interest wallet.

Or read our in-depth Cabital review

Ledn Bitcoin Interest Wallet

Ledn Bitcoin Rates
Interest on BTC (APY)	2% - 5.25%
Tiers	Yes
Staking	No
Token:	No
Bitcoin Rate Updates	Not very frequent

Ledn offers up to 5.25% APY on up to 0.1 BTC in your Ledn bitcoin wallet. The platform is undoubtedly one of the industry's more conservative crypto lending platforms. If you decide to increase your deposit on Ledn, the company will pay 2% on your holdings.

Pros

Easy to use
Based in Canada

Cons

Only two supported coins
Tier system
Low rates

There is no need to hold any utility tokens or stake your bitcoin to get a higher reward. Sign up now and get a $10 bonus in USDC.

Or read our in-depth Ledn review

Haru Invest Bitcoin Interest Wallet

Haru Invest Bitcoin Rates
Interest on BTC (APY)	6.25% - 14.3%
Tiers	No
Staking	Yes
Token:	No
Bitcoin Rate Updates	Not very frequent

Haru Invest is a slightly different bitcoin lending platform. The bitcoin lending site doesn’t lend your bitcoin to other institutions or borrowers but trades them. The platform claims to have high-frequency trading algorithms which can generate higher returns on the deployed assets.

While the platform is less known and rather new in the space, we haven’t had any reports from users that Haru didn’t deliver on its promises.

Pros

Automated crypto trading platform
High yield

Cons

Higher risk
Only a few supported coins

To get a higher yield on Haru, you will have to lock up your bitcoin for 12 months. Haru also has a more conservative product offer, where you can earn 7.1% by decreasing your lock-up period.

Get a .2% bonus with our Haru Invest referral code.

Or read our in-depth Haru Invest review

Yield App Bitcoin Interest Wallet

Yield App Bitcoin Rates
Interest on BTC (APY)	2.25% - 7.25%
Tiers	No
Staking	No
Token:	Yes
Bitcoin Rate Updates	Frequent

Yield App is another bitcoin lending platform that offers interest on your deposited bitcoin. While the amount of bitcoin that you deploy is irrelevant, the reward rate is based on the YLD tokens you stake on Yield App.

Tier YLD staked and locked	Reward in Bitcoin
0 - 999	2.5%
1,000 - 9,999	4%
10,000 - 19,999	5.5%
20,000+	7.5%

As we write this article, 1 YLD is trading at €0.17. To get the 7.5% on your bitcoins, you have to buy and stake €3,550 worth of YLD tokens.

Pros

Easy to use
Licensed in Estonia but based in Thailand

Cons

Complex YLD token tier system
Rates change frequently

If you believe that this is a good deal for you and anticipate that the value of the YLD token will go up, you can use our Yield App referral code and get up to 1,000 YLD as a bonus.

Or read our in-depth Yield App review

Vauld Bitcoin Interest Wallet

Vauld Bitcoin Rates
Interest on BTC (APY)	6.70%
Tiers	No
Staking	No
Token:	No
Bitcoin Rate Updates	Not very frequent

Vauld offers a very straightforward reward for your bitcoin deposits. By deploying your crypto on Vauld, you will get 6.70% APY. There is no need to stake any specific bitcoin amount or any utility tokens. The rewards are paid out in kind (bitcoin).

Pros

Easy to use
Flat bitcoin interest rate
Stable reward

Cons

Support is not very good
Not so transparent

Get a 2.5% interest boost by using our Vauld referral code or explore our in-depth Vauld review to get familiar with the platform.

Read our in-depth Vauld review.

BlockFi Bitcoin Interest Wallet

Blockfi Bitcoin Rates
Interest on BTC (APY)	0.1% - 3%
Tiers	Yes
Staking	No
Token:	No
Bitcoin Rate Updates	Frequent

BlockFi is a known US-based bitcoin lending platform where you can earn interest on your bitcoin and other cryptocurrencies. The reward you receive on BlockFi depends on the tier you fall under.

BTC Tier System	Reward in Bitcoin
0 - 0.10 BTC	3%
0.10 - 0.35 BTC	1%
10,000 - 19,999	5.5%
> 0.35 BTC	0.1%

While BlockFi does not require you to stake any tokens, the rates on the bitcoin lending platform are quite low.

Pros

Easy to use
Reputable

Cons

Not available for U.S. citizens
Low yield
Rates change frequently
Tier system

Unfortunately, BlockFi is also not currently accepting any new users from the U.S. due to regulatory restrictions.

Keen to give BlockFi a go? Get a $10 bonus in BTC with our Blockfi referral code or explore our BlockFi review.

Crypto.com Bitcoin Interest Wallet

Crypto.com Bitcoin Rates
Interest on BTC (APY)	0.5% - 6%
Tiers	Yes
Staking	Yes
Token:	Yes
Bitcoin Rate Updates	Frequent

Crypto.com’s reward system for users who wish to earn interest on bitcoin is the most complex and least transparent in the industry.

You have to stake $40,000 worth of CRO tokens to get a 6% APY on your bitcoin, which is paid out in CRO tokens instead of in-kind. You also have to stake your deposit for at least three months to be eligible to get a 6% yield.

That might also be why the CRO token went through the roof when the platform forces you to stake so much money to get a decent return, which ends up being paid out in CRO instead of BTC.

Those terms are the “best” that Crypto.com offers. If you deposit more than $30,000 in BTC, the rate starts dropping.

Crypto.com’s earn product is one of the least profitable for bitcoin holders seeking attractive interest on their deposits.

Pros

Reputable

Cons

Low yield
Complex reward system

If you believe in the CRO token, you can use our Crypto.com referral code and get a $25 bonus in CRO. Or learn more about the Crypto.com Earn product in our Crypto.com Earn review.

Or read our in-depth Crypto.com Earn review

Nexo Bitcoin Interest Wallet

Nexo Bitcoin Rates
Interest on BTC (APY)	6% - 8%
Tiers	No
Staking	No
Token:	Yes
Bitcoin Rate Updates	Not very frequent

Nexo is one of the most controversial bitcoin lending platforms that we have come across. Its history is filled with shady incorporation structures, false advertising, and questionable business practices.

While Nexo offers a relatively high yield on your bitcoin holdings, you should be aware of severe red flags.

We have noticed several risk factors that can cause losses for depositors when the Bulgarian platform decides to freeze your accounts.

Pros

Reputable

Cons

Questionable business practices

Remember that Nexo’s 8% APY only applies if you decide to earn the reward from your bitcoin interest account in the NEXO token. To learn more about Nexo’s shady practices, navigate to our Nexo review.

Is Bitcoin Lending Safe?

The safety of your bitcoin relies on three main factors:

The technological infrastructure used by the platform
The people who run the platform
The platform’s business model

As an outside crypto holder, you will have to dive very deep into every aspect of every bitcoin lending platform to evaluate the exact risk that you are taking when depositing your bitcoin on one of the CeFi lending platforms.

When it comes to the technical side of things, it’s almost impossible to evaluate the platform's safety without a background in blockchain development.

You can read through the terms and conditions and explore some of the features those platforms are offering to get an idea of what features they offer.

Fortunately for you, you can also google the management and look up the previous experience of the people who run the platform.

Are they politically exposed? Was a member of the higher management involved in scams or money laundering? You would be surprised what we have found about some of the people in the crypto lending space.

Lastly, evaluating the business model will also take some time.

Every bitcoin lending platform uses different “revenue-generating activities”.

Some platforms come with much higher risks such as trading, rehypothecation, speculative activities, and market manipulation. Other platforms might engage in lower-risk activities, such as offering overcollateralized loans.

You should, however, be realistic that it’s not easy to deploy a massive amount of assets just by lending it to borrowers.

The demand for crypto loans is nowhere near as high as crypto interest accounts. Therefore, you should do your research to minimize the chance of investing in a Ponzi scheme.

You can use our in-depth reviews or our independent crypto lending comparison table to get an idea about what platforms are offering and some of the red flags you should keep in mind. This table is only available for members of our project.

Lending your bitcoin is certainly not risk-free.

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