Best Crypto Lending Platforms 2022 – Compare the Best Rates

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Written by Kane Pepi. Updated 1st Mar 2022.

Crypto lending platforms form a bridge between digital asset investors and borrowers.

And as such, if you’re looking to earn income on your crypto investments – lending platforms offer attractive APYs on a variety of tokens.

This guide reviews the best crypto lending platforms in the market right now – alongside some background information on how this space works.

The Best Crypto Lending Platforms for 2022 List

The best crypto lending platforms for 2022 – in terms of yields, security, and supported tokens – can be found in the list below. 

  1. Aqru – Overall Best Crypto Lending Platform for 2022
  2. Crypto.com – Lend Stablecoins to Earn up to 14% APY 
  3. BlockFi – Specialist Crypto Lending Platform With Top Security Controls
  4. Nexo – Top Bitcoin Lending Platform for Low Fees   
  5. YouHodler – One of the Best Crypto Lending Companies for Supported Tokens

Each of the above crypto lending sites comes with a variety of benefits and drawbacks – so read on to find out which provider is right for your goals.

Top Crypto Lending Platforms Reviewed

In this section of our guide, you will find detailed reviews of the best crypto lending platforms for 2022.

As noted above, the providers discussed below stand out in terms of available yields, supported tokens, and safety – as well as customer service, user-friendliness, and other core metrics.  

1. Aqru – Overall Best Crypto Lending Platform for 2022

Aqru has emerged as one of the best crypto lending platforms in the marketplace for several key reasons. First and foremost, once you have opened an account – you will be able to earn interest of up to 7% per year on both Bitcoin and Ethereum. Behind the scenes, Aqru will lend out your digital tokens to borrowers, who pay a higher rate of interest on the funding agreement.

And as such, this means that the 7% APY that you see advertised is the exact amount that you will earn. If you’re also looking to lend out stablecoins to avoid market volatility, Aqru has you covered. This is because the platform offers 12% per year on the likes of Tether, USD Coin, and DAI. Irrespective of which digital token you decide to lend out, all crypto savings accounts at Aqru come without lock-up terms. This means withdrawals can be made at any time without penalization.

What we also like about the Aqru platform is that it has been designed with beginners in mind. This means that regardless of your experience in the crypto lending space, you won’t have any issues getting started. And, when you consider that it usually takes less than 10 minutes from start to finish to open a verified account, this will appeal to those that want to start earning interest on their crypto without delay.

You can choose from the main Aqru website or the provider’s crypto app when it comes to accessing your account. The latter option is compatible with both iOS and Android devices and the app is free to download. Another reason why Aqru stands out as one of the best Bitcoin lending platforms is that you can also elect to deposit fiat money. This will appeal to those that wish to earn interest but do not currently own any digital tokens.

Interest on BTC 7%
Interest on ETH 7%
Interest on Stablecoins Up to 12%
Lock-up Terms None – Flexible Accounts

What We Like About Aqru:

  • Attractive rates of 7% APR on Bitcoin/Ethereum
  • APY of 12% on stablecoins
  • No lock-up period
  • Great repuation

Cryptoassets are a highly volatile unregulated investment product. 

2. Crypto.com – Lend Stablecoins to Earn up to 14% APY

crypto.com logo

Next up we have Crypto.com, which is home to some of the best crypto lending rates in the market for stablecoins. To give you an example of how competitive this platform is, Crypto.com offers an APY of 6% on stablecoins like USD Coin, Tether, TrueUSD, and Paxos Standard. And, best of all, to earn this APY of 6% – there is no requirement to lock your tokens up for a minimum amount of time.

With that said, we like the fact that Crypto.com offers even higher yields when you decide to lock up your stablecoins for either one or three months. While the former pays an APY of 8%, the latter increases the yield to 10%. And, should you decide to stake a minimum number of CRO tokens, even higher interest rates are offered. Take note, in addition to stablecoins, Crypto.com supports lots of standard digital tokens.

Crypto.com review

For instance – based on a 3-month lock-up period and minimum staking requirement of 40,000 CRO tokens, you can earn up to 14.5% on Polkadot, 8.5% on Bitcoin and Ethereum, and 6.5% on Solana. Attractive rates of 14% and 5% are also offered on Polygon and Shiba Inu. When it comes to distribution frequency, Crypto.com will forward your interest payments on a weekly basis. This will then allow you to reinvest the funds back into another lending agreement.

Interest on BTC Up to 8.5%
Interest on ETH Up to 8.5%
Interest on Stablecoins Up to 14%
Lock-up Terms Flexible, 1-month, and 3-months

What We Like About Crypto.com:

  • Supports more than 250+ coins
  • Attractive rates on interest
  • Increase APYs by staking CRO tokens
  • Trusted platform

Cryptoassets are a highly volatile unregulated investment product.

3. BlockFi – Specialist Crypto Lending Platform With Top Security Controls

blockfi review

BlockFi can be described as a specialist crypto lending platform, insofar that digital asset investments and loans stand at the heart of what the provider offers. In terms of generating yields on your digital tokens, the amount on offer will depend on two core factors. This covers the specific token that you decide to deposit and the size of your investment.

For example, if you’re looking to earn interest on Ethereum, you can earn 5% at BlockFi. However, this is only payable up to the first 1.5 ETH that you deposit. Anything above this figure – up to 5 ETH, will attract a lower APY of 1.5%. And, investments above this figure will pay just 0.25%. With this in mind, BlockFi is arguably one of the best crypto lending platforms for smaller investments.

blockfi review

On the other hand, if you are looking to earn interest on a stablecoin like Gemini Coin, you can invest up to $20,000 at a leading APY of 8.75%. This is also the case with Tether, which yields an APY of 9.25%. Moreover, unlike the previously discussed Crypto.com, all of the lending accounts offered by BlockFi are flexible. And as such, you can elect to make a withdrawal whenever you see fit. Finally, BlockFi also supports fiat money deposits, which can come in handy if you want to increase your holdings.

Interest on BTC Up to 4.5%
Interest on ETH Up to 5%
Interest on Stablecoins Up to 9.25%
Lock-up Terms None – Flexible Accounts

What We Like About BlockFi:

  • Specialist crypto-interest earning site
  • A large number of supported tokens
  • No lock-up periods
  • Top rates on stablecoins

Cryptoassets are a highly volatile unregulated investment product.

4. Nexo – Top Bitcoin Lending Platform for Low Fees

nexo review

Nexo is a hugely popular crypto lending site that not only offers a large number of supported tokens but highly attractive APYs. In a similar nature to Crypto.com, Nexo allows you to increase the amount of interest earned when you stake its native digital token. For example, if you’re looking to earn a yield of Bitcoin, you can earn an APY of 6% without staking.

But, by staking Nexo, this APR is increased to 8%. If you’re looking to diversify into other digital currencies, you earn 9/11% on ATOM, 14/16% on MATIC, 16/18% on FTM. Stablecoins like USDT, GBPX, and EURX are also supported with various APYs – most of which are attractive when compared to the industry average. Regardless of which digital token you decide to earn interest on – and whether or not you wish to stake Nexo, no lock-up periods are in place.

nexo review

And as such, should you need access to fast cash, then you can withdraw your tokens out of Nexo at the click of a button. Another thing to note about the Nexo crypto lending platform is that it offers a variety of other products and services that might be of interest. This includes the Nexo card – which allows you to spend your digital tokens in the real world. You can also use Nexo to exchange between 200+ crypto pairs and even access leverage of up to 3x.

Interest on BTC Up to 8%
Interest on ETH Up to 8%
Interest on Stablecoins Up to 20%
Lock-up Terms None – Flexible Accounts

What We Like About Nexo:

  • Earn up to 8% on Bitcoin lending accounts
  • Stablecoins yield up to 20%
  • No lock-up requirements on withdrawals
  • Exchange services and crypto debit cards offered

5. YouHodler – One of the Best Crypto Lending Companies for Supported Tokens

youhodlet review

If you’re looking to mitigate your long-term risks by lending out a wide variety of digital tokens, YouHodler is one of the best crypto lending platforms for this purpose. Put simply, this top-rated platform offers support for dozens of cryptocurrencies and stablecoins of all shapes and sizes. And, in most cases, you will find that the yields on offer are highly attractive.

For example, Bitcoin and Ethereum lending rates amount to an APY of 4.8% and 5.5%. Although slightly higher rates are available elsewhere, it is important to note that YouHodler accounts come without lock-up terms. Moreover, there is no requirement to stake any tokens on this platform. Other notable interest rates offered at YouHodler include an APY of 7% on Uniswap, 6.2% on Chainlink, and 4.5% on Yearn.finance.

youhodler review

A good selection of stablecoin interest accounts are also worth considering, with the likes of TrueUSD and USD Coin yielding 12%. All crypto lending accounts at this platform distribute interest rewards on a weekly basis. When it comes to safety, YouHodler is home to a $150 million…



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