Best BTC (Bitcoin) Interest Rates of Dec 2024
Compare the best BTC (Bitcoin) interest rates and withdrawal fees of Dec 2024, from the top crypto interest accounts. Comparison of the best CeFi platforms to earn on BTC, so you can maximize your Bitcoin APY / APR, and earn yield.
Lending your crypto can carry significant risk. Consider using a non-custodial, hardware wallet such as Ledger, Trezor, or Jade.
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Best BTC Interest Rates
The table above compares the best BTC interest rates. As you’ll notice, there are base rates and max rates. Since the max rates often have certain requirements, such as locking the asset for a fixed amount of time, the best Bitcoin interest rate will depend on your willingness to fulfill any of those requirements.
For example, platform A might have a higher base rate than platform B, but platform B can offer a higher max rate if you lock your BTC for one month. So the best BTC interest rate would depend on your willingness to lock the asset.
Where To Earn the Highest BTC Yield
The max APY column will show where you can earn the highest BTC yield, depending on your willingness to fulfill any requirements specified. Some platforms also have tiers, as specified, so you may only be able earn the highest BTC interest rate on the first X amount of BTC.
In addition, there is a toggle above the table where you can change the location between United States and International. The platforms and Bitcoin rates may change for US vs non-US. The table also includes other details relevant to determining the highest BTC interest rates, such as pointing out when a platform is unavailable in a specific US state.
Best BTC APY / Best BTC APR
The table shows BTC rates in APY (Annual Percentage Yield) by default. However, some platforms advertise their rates in APR (Annual Percentage Rate), so the table will specify when rates are in APR. APY takes into account compound interest, while APR does not. If a platform has BTC rates in APR, you can use tools like this to convert BTC APR to BTC APY.
Best BTC Staking Rates / Best BTC Lending Rates
For earning yield, staking BTC is sometimes used interchangeably with lending BTC. So those looking for the best BTC staking rates to earn interest might be looking for the best BTC lending rates to earn interest. With the CeFi platforms covered here, you are lending your BTC to centralized entities, as a way to earn yield on BTC.
How To Earn Interest on BTC
To earn interest on BTC, an individual would create an account, then there is usually a KYC (Know Your Customer) process to verify your identity. From there, you can often just deposit BTC to start earning interest. To earn the highest BTC APY, as shown in the max APY column, there are sometimes other requirements, as specified in the table.
Why Earn BTC Interest
The high yield offered by BTC interest accounts is likely the main reason an individual would want to earn BTC interest, rather than letting it sit idle.
However, there is always risk that you lose some or all of your assets. For example, a CeFi platform could halt withdrawals on the coins you deposited. Do your own research to make sure you understand all the risks of any particular cryptocurrency, or platform holding your crypto. No cryptocurrency or platform is without risk.
Best BTC Interest Account / Best BTC Savings Account
CeFi platforms are sometimes referred to as crypto interest accounts or crypto savings accounts (though very different from traditional bank accounts). The best BTC interest account / best BTC savings account might vary based on an individual’s preferences and situation.
For instance, some platforms have tiers, so what might be ideal for one person, might be less ideal for someone with a much higher amount of BTC. You also wouldn’t want to use a platform that you believe is too risky, even if everything else seems ideal.
Sign Up Bonuses
Nexo - Variable. Check Nexo for any current promotions.
Crypto.com App - Sign up through this link using referral code 6k4dx8gb6c. Stake (deposit for 6 months) $400 in CRO for the ruby card tier or above, and you'll receive $25 in CRO.
Finblox - 1) Sign up through this link. 2) Pass the “Verified” level in Identity Verification. 3) Deposit assets within 7 days of signing up, and maintain balance for 30 days. 4) You'll earn a bonus of up to $250 USDC, based on the amount you deposit / maintain. See reward payout table here.
Ledn - Sign up through this referral link, and complete KYC. Then deposit at least 75 USDC or 0.0015 BTC, and hold for 15 days or longer. Deposit must be made within 30 days of opening an account. You'll receive 10 USDC.