Best Crypto Savings Accounts | Which One To Choose?

Crypto Savings Accounts

If you buy and hold cryptocurrency, you can enjoy passive income through it. How? You can opt for any of the best crypto savings accounts and earn interest on your idle digital assets. In this post, we will review the best crypto savings accounts and you can find the perfect one for you. 

With the efficiency of blockchain technology and the lending market, crypto enthusiasts can earn high interest in their digital assets. Cryptocurrency savings accounts allow you to access the crypto market and earn high-interest rates compared to banks. But, it can involve more risk than earning interest from any bank.

You can enjoy great interest rates on these holdings by choosing the best crypto savings accounts. It can be an exciting experience for you. Try out the best crypto savings accounts like Coinbase, and more to boost your earning power if you own crypto and are in it for the long haul. 

This post will walk you through the best crypto savings accounts and other information related to crypto savings accounts. We will also discuss the difference between traditional savings accounts and crypto savings accounts. So, let’s find out what are the best crypto savings accounts to enjoy fabulous interest rates.

Best Crypto Savings Accounts 

Here we have listed the best crypto savings accounts. These best crypto savings accounts provide you with eye-catching interest rates.

S.No. Best Crypto Savings Accounts Best for?
1.BlockFireliable high yield 
2.Celsius NetworkBitcoin interest
3.Coinbase for beginners 
4.Crypto.comcrypto diversity 
5.YouHodlerJack of trades
6.CoinLoansecurity and Safety
7.Nexodaily interest payout 
9.Vauldcryptocurrency Hodlers

Let us discuss these best crypto savings accounts. 

1. BlockFi 

BlockFi is known to provide the highest possible yields on crypto savings accounts. If you are searching for the best crypto savings accounts, BlockFi can be the right choice for you. It offers high security with cold storage custodian services from Gemini. It also offers users access to low-interest crypto loans. It offers savings accounts for both conventional crypto assets and Stablecoins.

2. Celsius Network 

Celsius is one of the best crypto savings accounts. It is one of the most transparent and profitable crypto lending platforms worldwide. You can enjoy weekly interests here. It offers the finest crypto interest rates. Celsius Network accepts prominent cryptocurrencies such as Ethereum, PAX, Bitcoin, and many more.

3. Coinbase 

Coinbase is well-known for its security and user-friendly features. It is protected by FDIC Insurance which means, you can receive a cover-up of around $250,000 in case of any mishap. But it doesn’t apply to cryptocurrency asset balances. You need to pass 2-FA for logging in to your account. You can earn safe and secure interest on your cryptocurrency investments. 

4. is among the best crypto savings accounts for those who would like to enjoy high interest on Stablecoins. It offers interest on a huge variety of crypto assets ranging from Stablecoins to more volatile crypto like Bitcoin etc. Your daily interest is deposited into your account weekly. You can earn between 3 to 14% with 

5. YouHodler 

YouHodler is designed for long-term cryptocurrency holders to get additional earnings from what they are holding. You can receive interest payments every week. It offers an interest rate of up to 12%. You don’t need to worry about lock-up periods here. You can sell or withdraw your assets at any time.

We have discussed the best crypto savings accounts. Let us now check out how these best crypto savings accounts work.

Working Of Crypto Savings Accounts 

Crypto Savings Accounts

Crypto savings accounts work in a similar way to traditional savings accounts. You deposit funds in the traditional savings accounts and allow banks to loan your money to other customers in return for a set percentage of interest every year.

In the case of crypto savings accounts, users invest their funds in digital currencies such as Ethereum, Bitcoin, etc. The savings account providers will loan out the cryptocurrency to borrowers and you will receive a certain percentage of interest in exchange for that. Let us check out what is the difference between these two savings accounts. 

Traditional Savings Accounts Vs Crypto Savings Accounts 

Here are the top points of difference between traditional savings accounts and crypto savings accounts.

1. Fund Access

You can withdraw your funds in traditional savings accounts without any restrictions or fees. Crypto savings accounts may limit access to the coins for some set period of time after depositing them. You may also need to pay some fees to withdraw funds before the select date.

2. FDIC Insurance

Many banks have insurance from FDIC or the Federal Deposit Insurance Corporation.

It guarantees that your funds are protected even if the bank loans out your funds. You will not lose your money if you put it into traditional savings accounts as FDIC backs it. However, crypto savings accounts don’t have FDIC. You may lose funds as the cryptocurrency market is volatile. It may decrease the value of your investments. 

3. Risk

It is quite risky to lend crypto than traditional savings accounts. You may earn returns due to price volatility but may face higher fluctuations and suffer losses. A Crypto savings account’s value is determined by such price swings rather than accrued interest.

4. Yield

Crypto savings accounts allow you to enjoy higher profits than the traditional savings account. You can only earn an annual percentage yield or APY of around 0.1-0.6%. But crypto savings accounts provide you with better APYs.

You can now decide whether you want to go for traditional savings accounts or crypto savings accounts. If crypto savings accounts are your choice, try savings with the best crypto savings accounts.


If you are involved in holding cryptocurrency, you can choose to move your funds to savings accounts to earn interest. This can be a great strategy for you.

You need to treat your crypto savings account as an investment account. You can hold emergency funds in this account which can be liquidated easily. You can choose any of our best crypto savings accounts to hold your cryptocurrency and earn interest on it. You can utilize your idle digital assets and enjoy passive income with them. 

Frequently Asked Questions 

Q1. Can You Use Crypto As A Savings Account? 

A. Yes, you can use crypto-based savings accounts. It allows others to use your crypto and your crypto keys are lent out for a certain period of time. 

Q2. Should I Put All My Savings In Crypto? 

A. No, we never recommend you to invest or put all your money in cryptocurrency. Cryptocurrencies are highly risky. So, you should invest only that amount in cryptocurrencies that you are ready to lose.

Q3. What Crypto Has The Highest APY?

A. Cylum offers the highest APY staking rewards to its investors. 

Q4. Can You Hold Cryptocurrencies? 

A. Yes, purchasing and holding cryptocurrency until the price rises is one of the best strategies to earn profits.

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