Top 6 Crypto Lending Platforms in 2021 [Verified]

We can all agree that 2020 has been a challenging year so far. Back in March earlier this year, the cryptocurrency and legacy markets went downhill due to the COVID-19 pandemic.

Things have been picking up with bitcoin reaching $12,000 in August, a significant jump from the $3,600 price plunge.

Economies around the world are still scrambling but slowly bouncing back with government interventions.

However, the fear of the pandemic’s second wave creates volatility in the global markets.

In times like these, cryptocurrencies such as Bitcoin still stand out as valuable financial assets despite the tumultuous year.

It is a non-inflationary digital currency that’s not governed by individuals or corporations but a protocol.

As rumors about legacy markets reaching negative interest rates, it’s time for Bitcoin investors to keep preserving their assets and increase productivity by lending their assets and earn interest in the process.

The trade is facilitated by crypto lending platforms that accept deposits of different cryptocurrencies like Bitcoin, Ether, or Stable Coins with some interest in return.

The interest rates vary but often very competitive, with some offering up to 12% on Annual Percentage Yield (APY).

These platforms also often loan the assets with collateral, usually with crypto and thus called crypto-backed loans.

If you’re thinking about growing your crypto assets through crypto lending, here are five crypto lending platforms that worth considering.


Started by two entrepreneurs and self-proclaimed Bitcoin maximalist out of Singapore in March 2019, Hodlnaut is a platform that provides financial services for individual investors.

Through the platform, users can earn favorable interest in their cryptocurrencies by lending them to margin traders, who would otherwise struggle to access crypto loans.

The interest rate for BTC is 6% (effectively 6.2% annually) and 8% (effectively 8.3% annually) for USDC and USDT.

There are no minimum deposits or lock-in periods, and users can withdraw anytime. Hodlnaut is one of the emerging players for the crypto lending platform market that aspire to be the leader in the industry.



Hailing from Switzerland, YouHodler is an EU company that focuses on crypto-backed lending with fiat loans option.

The platform provides USD, EUR, CHF, GBP, EUR, and stablecoin loans, with collaterals in BTC, ETH, XRP, and other major cryptocurrencies.

It’s good to note that if you don’t have the crypto that you wish to deposit and earn interest from, you can convert from another crypto that you have or fiat currency.

YouHodlers is offering interest rates for stablecoins up to 12% a year (4.8 for BTC annually) and supporting four fiat currencies, seven stablecoins, and 15 cryptocurrencies.

YouHodler Interest Rate
YouHodler Interest Rate

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Founded in 2017, BlockFi aims to be the most trusted financial services provider in the cryptocurrency market.

The company prides itself on being on top of their game by providing market-leading rates with institutional-quality benefits. Their interest account allows users to earn up to 8.6% annual interest rate on BTC, ETH, LTC, USDC, GUSD, and PAX.

Users will be able to buy stablecoins with fiat currency of their choice and deposited into the interest account to start earning interest.

One exciting feature from BlockFi is the Interest Payment Flex. It allows users to select the currency of the interest payments and diversify their portfolio without buying additional crypto assets.


As one of the largest crypto lending institutions globally, Nexo is a respected name in the decentralized finance space.

Having processed more than $3 billion worth of transactions for over 800,000 clients in 200 countries, Nexo aims to disrupt the financial system one step at a time.

Through their platform, users can earn interest in their crypto or fiat assets deposited in the interest account. The interest rates for crypto stood at 5% and up to 10% for stablecoins and paid out daily.

Nexo has expanded their services with the launch of Nexo Card, which gives qualifying users instant access to the Crypto Credit Line that they can spend without selling their crypto. is the pioneering cryptocurrency platform established in 2016, complied with the highest security and compliance standard in the industry with the Cryptocurrency Security Standard (CCSS), ISO 27001:2013, ISO/IEC 27701:2019, and PCI: DSS 3.2.1 (Level 1) which made be the first crypto company to own all of these certificates at the same time. has launched a crypto lending service on their exchange platform which allows customers to enjoy the most flexible terms and low-interest rates. Exchange Lending allows users to get an instant loan quickly and easily by using CRO, LTC, BTC, ETH, XRP, USDC, USDT, VET, LINK, and DOT as collateral high loan-to-value (LTV) ratio up to 50%. You can choose to repay the loan partially or in full at any time within 12 months.

Celsius Network

With a mission to replace the current traditional financial system with one that focuses on the best interest of the community, Celsius Network is using blockchain technology and hopes to fulfill that mission.

The platform provides a range of financial services that aren’t accessible through traditional financial institutions. For example, crypto investors can earn interest by depositing their digital assets to their Celsius Wallet or borrow fiat currency using their crypto as collateral at lower interest rates.

Users can earn interest rates in CEL Tokens up to 6.2% annually for their first BTC or 100 ETH and up to 12% for stablecoins.

Celsius Network
Celsius Network

Author’s Bio: Sten Ivan is the Head of Growth at Hodlnaut, a Singapore-based fintech startup that enables users to earn favorable interest rates on their crypto assets.

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