For easy reference, the previous interest comparison update on 27 Jan can be found here.
Youhodler is a crypto lending platform, similar to Celsius Network. It also offers platform of earning interest when you deposit crypto into the saving accounts.
Updates / Changes:
- Inclusion of Youhodler
- Recent announcement from Celsius Network. A number of changes will take effect 1 Feb
- Usual updates of interest rates for all platforms
- Blockfi and Nexo (another 2 crypto lending and saving platforms) studied but both do not offer any interest rate better than the best in the table below
Highlights:
- Crypto.com still command the lead in terms of the most number of highest interest rates for Top 20 Bitcoin/Altcoins
- Note that 500 MCO staking and 3 month term are required to obtain the max interest rate.
- Celsius offers the best interest rate for Bitcoin post 1 Feb, for the 1st BTC
- Youhodler offers the best interest rate for stablecoins
Interest rates are subjected to changes after posting. Check out the latest interest rates on the respective platforms's website or app.
Are you using any other platform with interest rate better than the ones I showed above? If you do, pls let me know
If you find this post useful, I will deeply appreciate you can use the referral links below, with total transparency for both your and my benefits.
- Crypto.com https://platinum.crypto.com/r/2pkkvtfb2r (You get US$50, I get US$50)
- Celsius Network https://celsiusnetwork.app.link/11792400c4 (You get US$10, I get US$10)
- Youhodler app.youhodler.com/sign-up?rid=L672WTSY1Q80GNBJyouhodler.com/?rid=L672WTSY1Q80GNBJ (You get $25, I get $25 and 50% commission for your 10 products)
- Binance https://www.binance.com/en/register?ref=K44E5JFJ(You lose nothing, I get up to 20% commission of your trades)
- KuCoin https://www.kucoin.com/?rcode=2378e5g (You lose nothing, I get up to 20% of the referral bonus of your trades for a year)
Note: I am not a financial advisor. Even though this post focuses primarily on the interest rate, you should take into consideration the terms and conditions, the reliability of platforms as well as the fluctuation and uncertainty of the cryptocurrency.
