8 BEST Crypto Savings Accounts in (2025)
Eliza Thornton
A crypto savings account is useful to earn interest on your cryptocurrency deposits. The savings accounts use your deposit for loans or to maintain liquidity and get a commission on the returns.
The best crypto savings accounts should give you a fair interest, be secure, and have insurance on your crypto assets. They typically offer different base crypto interest rates. The crypto accounts should also provide you flexibility in withdrawal limits.
After countless hours of researching cryptocurrency savings accounts, I have gained invaluable insights. My review delves into their features, pricing, pros, and cons, ensuring you have all the information needed to make an informed decision about your crypto savings journey.
Zengo is a unique crypto savings account where you keep control of your funds. You can gain interest in your idle crypto through Zengo Earn. It lets me stake on my Tezos tokens and earn daily rewards and interest.
Best Crypto Interest Accounts: Top Picks!
| Crypto Exchange | Free trial | Cryptocurrencies Supported | Maximum APY | Link |
|---|---|---|---|---|
| Zengo | You get a free account on Zengo Basic. | Over 120 | 8% | Learn More |
| Uphold | Yes, it is available. | Over 250 | 14% | Learn More |
| Binance | Yes, it is available. | Over 500 | 104.62% | Learn More |
| Paybis | Yes, it is available. | Over 150 | No APY | Learn More |
| Coinbase | Yes, it is available. | Over 500 | 12% | Learn More |
Crypto exchanges do not necessarily have separate savings accounts. They instead have products and services to earn interest or rewards, such as through staking. You can still save by purchasing crypto and holding it in your wallet. The best crypto savings account guarantees the safety of your crypto holdings and provides different products to earn interest. We have identified the exchanges that give you high returns on your staking and other earning activities.
1) Zengo
Best for a Self-custodial Cryptocurrency Wallet.
I reviewed Zengo, a unique crypto savings account where you keep control of your funds. I was impressed by its top-tier security, with features like facial recognition and key signatures. It offers DeFi and DApp integration through WalletConnect, access to over 120 cryptocurrencies, and up to 16% APY. In my view, Zengo sets a high standard.
Features:
- Zengo Earn: You can gain interest in your idle crypto through Zengo Earn. It lets you stake your Tezos tokens and earn daily rewards and interest.
- Liquidity: I could withdraw my crypto instantly with Zengo when I stake, and I retain all the voting rights in allowing the wallet to spend my crypto elsewhere.
- Salary Payments: Citizens of the United States of America can choose to get paid in crypto. The available cryptocurrencies include USDC, Ethereum, or Bitcoin. Zengo rewards you with $50 for the first payment, which exceeds $250.
- NFTs: You can trade NFTs using your cryptocurrency assets. It’s another marketplace for earning interest and showcasing your digital creations.
- Inheritance: Legacy transfer facilitates the inheritance of your digital assets. For example, you can pass on your account to your family or friends.
- Crypto Savings Account: You can save through Zengo Earn and hold crypto to earn interest.
- Payment Methods: It provides payment methods like Swift, SEPA, Mastercard, and Visa.
- Customer Support: I was impressed by the support center’s quick resolution to my problem. They are also available 24/7.
- Mobile Application: It is available on Android and iOS.
Pros
Cons
Trading Fees:
Zengo combines local currency conversion, gateway, spread, processing, and network fees. It’s what the operators get to complete your transaction, which differs between payment methods and the supported coins. The fees also apply to deposits and withdrawals.
For example, you’ll pay a 2.9% spread and processing fees for wire transfers in the US. You’ll also incur a variable network fee, zero local currency conversion, and gateway fees. The net spread fee varies between payment methods and starts from a 1.99% commission. The minimum investment stands at 1 XTZ (Tezos).
2) Uphold
Best for Trading Altcoins.
During my research, I found that Uphold is the best cryptocurrency savings account for beginners and experienced investors. Uphold has zero commission on trades, a transparent fee structure, and an APY of up to 14%. Uphold is licensed in the EU, UK, and USA. It ensures your investments are secure and supports over 250 cryptocurrencies.
Features:
- Staking: Uphold lets you earn by locking your cryptocurrency through an annual percentage yield. For example, you’ll gain 14% by investing in Polkadot (DOT) or 16% in Cosmos (ATOM).
- Uphold Card: The Uphold Card saves you transaction fees when you purchase items. It also has low exchange rate fees, giving you more travel flexibility. You also don’t pay any annual fees when you acquire the card. All deductions are from your crypto holdings.
- Block Rewards: Uphold rewards you with points depending on your activity on the platform. Some of the unique rewards come from trying new products and answering surveys.
- Early Access: With my crypto savings account, I receive early token access, leading to a higher profit margin as the coin prices rise and the listing grows.
- Crypto Savings Account: You save by staking your crypto deposit to earn a commission.
- Purchase Methods: Crypto network, bank account transfer, and debit/credit card deposits.
- Customer Support: The support helped me resolve an issue through email and I was satisfied with their response. You can also reach them at their global offices.
- Mobile Application: It is available on Android and iOS.
Pros
Cons
Trading Fees:
The trading fees depend on your payment method, external trading costs, and location. It has a tiered trading commission plan including:
- Precious metals: 1.9 – 2.5%
- Altcoins: 1.9 – 2.5%
- ETH and BTC: 1.4% – 1.6%
- FX and Stablecoins: 0.25%
The deposit fee varies between territories such as Canada, EAA countries, the UK, and the United States. Some payment methods are free within these territories, and others start from a 3.99% charge. For example, bank transfers are free in the United States, while Apple Pay charges 3.99%.
The withdrawal fee is a network charge depending on your blockchain network. Credit card crypto investors pay an additional 3% net spread commission. The minimum investment varies depending on the cryptocurrency you choose to invest in. For example, it’s 1 ADA on Cardano.
3) Binance
Best for OTC Trading.
In my experience, this crypto savings account stands out for its comprehensive crypto trading services, including futures and margin trading. We’re particularly impressed by the up to 100 USDT reward for new users and exclusive offers on coins like BNB. Moreover, trading Bitcoin against USDC or USDT pairs incurs no fees. Remarkably, Binance offers the highest APY on our list at 104.62%, supporting over 500 cryptocurrencies.
Features:
- Binance Earn: It is a hub that lets you earn from the cryptocurrency that you deposit. You get different options like the BNB Vault, Launchpool, and Simple Earn.
- Protected Yield: As per my experience, beginner users on Binance could start with a protected yield with stable interest. I could redeem my earnings at the end of the lock period or reinvest
- Simple Earn: It applies to all the crypto users on Binance as they gain interest on their deposits. Locked products offer higher returns on Simple Earn because they require you to lock your crypto.
- Launchpool: It is an option for you to earn by investing in new products. You’ll support the Binance Token Launch by providing the required liquidity.
- BNB Vault: You can invest in BNB and gain interest on your deposit. It gives you the flexibility to invest in decentralized and centralized finance products.
- ETH Staking: Binance lets you stake Ethereum tokens to gain interest, starting from 0.1 ETH. The exchange absorbs possible on-chain risks and operating expenses.
- Binance Swap Farming: It lets you exchange specific tokens for BNB rewards. You don’t need to wait for a lock period before you can redeem your rewards.
- Auto-Invest: Binance has an index for the top cryptocurrencies. You can enroll on the plan to auto-purchase the tokens that make a list. The auto-investment will balance your crypto portfolio periodically.
- Crypto Savings Account: You can save on Binance through the products on Binance Earn.
- Payment Methods: Third party channels, P2P, bank deposit, Mastercard and Visa.
- Customer Support: I contacted support to address my questions about the minimum investment. They were prompt to deliver a swift response. I also found out that they support over 40 languages.
- Mobile Application: It is available on Android and iOS.
Pros
Cons
Trading Fees:
Binance uses a maker/taker trading fee model based on volume. The percentage fee reduces with the increase in volume. Categories depend on the volume of USD that you trade.
You don’t pay a deposit fee on Binance. The withdrawal fee varies between each crypto, such as 0.71 BNB to withdraw 1inch on the BEP20 network. Your net spread fee depends on your volume-based tier. The minimum investment is any digital asset worth 0.01 BNB.
4) Paybis
Best for Debit and Credit Card Purchases
I particularly appreciate that Paybis is easy for crypto exchanges and simple KYC registration. Paybis supports trading in over 40 fiat currencies. This feature enables various cryptocurrency transactions. You can connect an external wallet or use a Paybis wallet to receive crypto. This flexibility makes it versatile.
Notably, Paybis ensures transparency by publishing all transactions in real time. While it facilitates trading with major fiat currencies like USD, EUR, and GBP, it’s important to note the absence of an annual percentage yield, emphasizing its role primarily as a trading platform rather than for investment storage. With access to over 150 cryptocurrencies, Paybis offers a comprehensive trading environment.
Features:
- Fees: You don’t pay network and service fees when you buy bitcoin. It’s an option to avoid costly trading fees across different exchanges.
- Regulation: The FinCEN Department of the Treasury, USA, regulates cryptocurrency savings accounts. Paybis also holds a Money Service Business Registration license.
- Liquidity: I benefitted from this service as it provided me with an instant credit or debit card payout, owing to its readily available and sufficient liquidity.
- Security: Paybis’ security checks are fast and easy. It allows you to start saving crypto as quickly as possible.
- Coverage: You can buy crypto in over 180 countries. For example, in the USA, UK and Canada.
- Resources: It has a simple guide to assist you in buying crypto. Beginner traders and new users get the resources they need to use the crypto exchange.
- Crypto Savings Account: Paybis has no savings or staking option.
- Purchase Methods: M-Pesa, Giropay, Skrill, ACH, and credit/debit.
- Customer Support: Paybis email support responded to my questions swiftly. The replies helped address my concerns about the purchase methods.
- Mobile Application: It is available on Android and iOS.
Pros
Cons
Trading Fees:
Paybis receives a minimum of a $2 service fee for any transaction. The extra variable service fee will depend on the payment method and the currency you trade. You will incur a final cost combining the service and network fees.
Paybis doesn’t charge extra deposits, withdrawals, or net spread fees.
5) Coinbase
Best for a Web3 Profile.
I evaluated Coinbase as an excellent crypto savings account for beginners. Its simple interface, with helpful features, guides users easily. In my experience, it is the best platform for diversifying into crypto, savings, and Web3 wallets.
Moreover, for seasoned traders like us, the ‘Advanced Trade’ feature opens up extensive trading options. Its standout feature, a crypto interest account with up to 12% APY on USDC and access to over 500 cryptocurrencies, solidifies its top position.
Features:
- Coinbase Earn: I could earn up to 10% annual percentage yield on over 60 assets. For example, Ethereum allowed me to earn up to 3.46%.
- Staking: Coinbase allows you to invest on its blockchain to earn rewards. Your deposits help secure the blockchain’s liquidity and verify transactions. Cloud staking is another option with up to 15 assets like Polkadot, BNB, and Cosmos.
- Learning Rewards: Coinbase benefits users who enroll in their learning programs, such as Coinbase Earn. You can earn by watching videos, taking tests, and completing surveys. For example, you can earn $3 of SHPING when you learn about the SHPING blockchain shopping technology.
- CeFi Lending: It refers to centralized finance and allows you to lend your stablecoins. Coinbase uses USDC as its primary stablecoin, which can earn you up to 4% interest when you lend your deposit. However, you don’t get any insurance on the investment, whether SIPC or FDIC.
- DeFi Lending: Coinbase has DeFi protocols such as Aave or Compound that allow you to lend your stablecoins. You can enroll in DeFi and get a separate wallet to get started.
- Crypto Savings Account: You can save through Coinbase Earn and gain interest on your deposit.
- Purchase Methods: Wire, Swift, SEPA, and ACH.
- Customer Support: I emailed support to inquire about earning interest. Although slightly slow, their reply was impressive, as I learned a lot on the topic.
- Mobile Application: It is available on Android and iOS.
Pros
Cons
Trading Fees:
Coinbase has a maker/taker fee model based on volume and spreads. The network fee determines the spread. The deposit fee varies between payment methods. For example, it is free on Swift and ACH, EUR 0.15 for SEPA, and USD 10 for Wire.
You’ll incur different withdrawal costs between payment methods. For example, it is free on ACH and SEPA, $25 for Wire transfer, and 1 GBP on Swift.
The net spread fee starts from 0.5% and the minimum investment varies with other crypto, but ETH has no lower deposit limit (Ethereum).
6) YouHodler
Best for Ledger Custody Security.
I explored YouHodler, a platform where you can secure loans using crypto as collateral. While examining, I noticed that their crypto savings account boosted my experience with up to 15% APY on stablecoins and altcoins. The process was seamless. My deposit secured the loan.
Additionally, their web3 wallet and the ability to manage a YouHodler card through the app enhanced my experience, supporting over 50 cryptocurrencies for flexible spending in-store or online.
Features:
- Loyalty Program: Save and earn up to a 15% yearly yield. However, the saving limit to earn interest is $200,000.
- Cloud Miner: Earn Bitcoin by mining using YouHodler’s resources. You also get a comprehensive guide on how to mine using the YouHodler Miner.
- Payouts: YouHodler remits all earnings weekly using compound interest. It gives you the flexibility to reinvest or withdraw your earnings each week.
- COMP Token: Deposit your crypto in COMP token and earn compound gains of up to 1.51% annually. You do not need a separate wallet or opt into a program.
- Crypto Savings Account: I received significant benefits from Youhodler’s Loyalty Program Yield, allowing me to save crypto and earn an interest effectively.
- Purchase Methods: AdvCash, Bank account card, Apple Pay, Bank wire, and stablecoin deposit.
- Customer Support: The email support provided swift assistance when I reached out. I interacted with the assistant to understand how to use the platform.
- Mobile Application: It is available on iOS and Android.
Pros
Cons
Trading Fees:
YouHodler charges a rollover fee for any trade. Multi-HODL transactions start from $10, depending on the multiply levels and currency charges. The deposit fees are $0 for stablecoins, 1% for Apple Pay, 0.5% for AdvCash, 1% for bank cards, and 20 GBP/ 25 USD/ 0 EUR for bank wire.
Your withdrawal fee is variable for stablecoins and from 0.15% for Bank wire. The net spread fee starts from 0.15%, and the minimum investment starts at $100.
7) Nexo
Best for Earning Interest Payout in USDT and BTC.
I tested Nexo’s crypto financial solutions and found them excellent. They include saving, borrowing, and trading with an outstanding crypto savings account. Nexo’s credit line improves liquidity, making it a top choice. Nexo Pro has aggregated liquidity and low fees, which are crucial for efficient trading. It offers a high APY of up to 16% on over 80 cryptocurrencies.
Features:
- Nexo Earn: You get a 16% interest by staking over 80 assets. The examples include USDC, USDT, and BTC.
- Dual Investment: It is an option to automate your trading strategy. Nexo uses two approaches, including selling high or buying low. You get benefits, including zero trading fees and guaranteed interest rates.
- Daily Payments: Nexo compounds everyday interests on your idle crypto. So, you don’t have to stake your assets to earn interest or opt into any program.
- Earning Calculator: I was mighty impressed with how I could calculate my earnings on the platform before investing. It allowed me to gain an insight into what I would earn according to the deposit terms, loyalty tiers, amount, and crypto assets.
- Fixed Terms: You can opt-in to lock your crypto for a certain period. It will earn you a higher interest rate compared to the regular terms.
- Crypto Savings Account: You can save your stablecoins and crypto to earn an interest.
- Purchase Methods: FSP, SEPA, SWIFT, ACH, and Wire Transfer.
- Customer Support: The live support chat is efficient. I also contacted support through email and got a swift response.
- Mobile Application: It is available on Android and iOS.
Pros
Cons
Trading Fees:
Nexo trading fees are in a maker/taker model. For example, a Taker on the market will pay between 0.07% and 0.2%. The maker/taker fees vary depending on the volume that you trade. You get a 50% discount on the spread fee trading NEXO token.
There is no deposit fee on Nexo and the withdrawal fee is free to a limit, depending on the loyalty levels. You’ll incur a network fee after exceeding the monthly limit.
The net spread fee starts from 0.03% and varies depending on the crypto volume you trade. Your minimum investment varies between crypto coins. For example, it is 0.01 ETH for Ethereum.
Link: https://nexo.com/
8) Ledn
Best for Crypto Loans.
In my analysis, Ledn’s Bitcoin lending platform shines for its work with Armanino LLP to certify proof of reserves. I discovered the penalty-free loan repayments to be particularly attractive. Additionally, the Dual Cryptocurrency Note is an excellent way to boost earnings. Users get transparency into the platform’s solvency with real-time proof-of-reserves. With a maximum APY of 8.5% for BTC, ETH, USDT, and USDC, it is an excellent choice for crypto fans.
Features:
- Growth Account: Open a growth account and get up to 10% interest on your deposit. The crypto interest account provides a transparent framework to monitor your earnings.
- Crypto Loan: Save Bitcoin and get a loan with your deposit as collateral. Ledn allows you to double your crypto instantly without further checks.
- Asset Ring-fencing: I could access the feature where all your assets are only available to the parties that use them to generate interest. This solution eliminated the risk of losing my crypto deposit.
- Control: You have the flexibility on how you manage your cryptocurrency. Ledn allows you to transfer your crypto between Growth and Transaction accounts anytime.
- Crypto Storage: Your cryptocurrency wallet deposit is in cold storage. It protects your investment from cybercrime and fraud.
- Asset Insurance: All your crypto assets will have insurance. BitGo facilitates the Bitcoin savings account. It is the custodian of all the user crypto assets.
- Crypto Savings Account: You can save on Ledn, earn interest, or get a crypto loan.
- Purchase Methods: Its purchase method allows bank account deposit.
- Customer Support: The help center helped address my concerns. Their reply was fast and easy to understand.
- Mobile Application: Available on Android and iOS.
Pros
Cons
Trading Fees:
Ledn only charges network fees when you swap the listed crypto coins, so you don’t pay a deposit fee on the platform. Your minimum investment differs between the crypto you invest, such as 0.0005 BTC for Bitcoin, 15 USDT for Tether, or 0.009 ETH for Ethereum.
The withdrawal fee is a fixed charge depending on the crypto you withdraw. They include 15 USDT for Tether, 15 USDC for USD Coin, 0.008 ETH for Ethereum, or miner fees for Bitcoin. Ledn does not collect any net spread fees.
Link: https://ledn.io/
How to Choose a Crypto Savings Account?
When choosing a crypto savings account, consider the following factors:
- APY rates: APY refers to the annual percentage yield. It is the interest that you earn on your crypto savings. The interest then accumulates within a set period. For example, if you save crypto for a year, you will earn interest each month.
- Available cryptocurrencies: Top crypto savings accounts have a variety of cryptocurrencies. They offer varying interest rates when you save. Choose a crypto savings account that allows you to choose from a comprehensive list of crypto coins.
- Security features: The best crypto interest accounts have top cybersecurity measures. Examples are encryption or two factor authentication. They are to keep the crypto savings accounts safe. You can use a non-custodial crypto wallet that offers more control over your savings.
- Interest rate: Cryptocurrency savings accounts have different interest rates. Some offer higher rates than others. They should give you a reasonable interest rate that you are comfortable with. High-interest rates give you more value for your crypto savings.
- Hidden fees: Crypto interest accounts may have hidden trading fees. Analyze the crypto savings platform you choose and review the terms. It will give you an insight into what costs you will pay.
- Market risks: The crypto market is volatile, and each listed cryptocurrency has volatility values or ratios. Other market risks include discontinuation, hard forks, cybercrime, and non-regulation. Select a regulated crypto savings account with asset insurance for risk management.
- Crypto bonuses: These are more ways to earn crypto. For example, a crypto savings account will give you a sign-on bonus.
- Withdrawal schedule: A crypto savings account should have consistent withdrawal schedules. Some have instant withdrawals, while others have intervals. Choose one without withdrawal limits.
Difference Between Crypto Savings Accounts Vs. Regular Savings Accounts
| Difference | Regular Savings Accounts | Crypto Savings Accounts |
|---|---|---|
| Compound Interest | A traditional savings account offers compound interest depending on the terms and conditions. | Compound interest does not apply in crypto because the interest growth rate remains unchanged. You will only get a simple interest on your initial deposit. |
| Yield | Banks offer low yields because your deposits are more secure. This is why regular savings accounts have low-risk investments. | The best crypto savings accounts offer higher yields than traditional ones. Crypto savings platforms have higher APYs than traditional savings accounts. It’s because the crypto interest accounts have high-risk investments. |
| Fund Accessibility | A traditional savings account does not have withdrawal restrictions. | Cryptocurrency savings accounts may need you to hold your crypto for a certain period. You might incur high withdrawal fees when you pull out the investment. Top crypto savings accounts should charge you low withdrawal fees. |
| FDIC Insurance | The Federal Deposit Insurance Corporation insures traditional savings accounts. Note that a regular savings account has an insurance limit. | Some crypto savings account providers do not have FDIC Insurance. The same applies to other jurisdictions, like Asia, Europe or Africa. Most cryptocurrency savings account providers’ insurance is only for cash deposits. |
How Do Crypto Savings Accounts Work?
Crypto savings account providers take your deposit and invest it elsewhere to generate revenue. They can lend your crypto savings to other users, corporate trading firms, or traditional bank accounts.
The interest earned is distributed depending on the terms. It’s passive income from crypto savings under your account. The withdrawal limits may affect the interest rates you make. For example, high yield crypto saving accounts may reduce your gains when you withdraw early.
Cryptocurrency savings accounts earn through blockchain staking. Your savings provide liquidity to a blockchain network. The blockchains generate profits, and you’ll earn on the interest rate.
Lending-based cryptocurrency savings accounts have low-interest rates compared to staking-based accounts. It’s because staking-based accounts generate revenue faster than when they lend.
You can store your crypto in dual investment accounts. They allow you to specify the price points to sell or buy. The crypto based savings accounts will trigger payments when your trades mature.
Crypto Savings Accounts vs. Crypto Wallets
| Crypto Interest Accounts | Crypto Wallets |
|---|---|
| Crypto savings accounts differ from cryptocurrency wallets but may be on the same platform. You use your savings account to lock crypto and generate yield. It acts like a crypto bank, and the crypto savings accounts pay different annual percentage yields. | A wallet can also be your digital crypto savings account. Its primary roles are to store your crypto coins and for trading. So, it’s not necessarily a platform to earn interest. |
| Many crypto savings accounts will need you to wait for a period before withdrawing. Your savings terms will determine your flexibility when you save on a crypto based savings account. The best interest-bearing crypto accounts offer instant withdrawals. | You get more flexibility with your wallet because you can trade coins anytime. A wallet does not require you to lock your cryptocurrency before you can withdraw. |
| A crypto savings account uses various security measures to secure your deposits. However, there is a degree of risk when you stake your assets for a period. | There is low risk when storing your cryptocurrency in a wallet. It’s because you don’t have to trade on the platform. Some crypto wallets offer partial interest rates on idle assets. |
Are Crypto Savings Accounts Worth It?
Most crypto savings accounts offer higher interest rates than traditional savings accounts. The volatile crypto market should guide you to invest a responsible amount. Consider a high-yield savings account for short-term investment.
What are the Risks of a Crypto Savings Account?
Even the best crypto savings accounts have risks that might devalue your savings or cause you to lose money altogether. Some of the common risks are:
- Fraud
- Market volatility
- Cybercrime
Choose crypto based savings accounts with tight security measures and FDIC insurance. Deposit funds you are comfortable losing because financial markets are unpredictable. The risks affect the crypto interest rates you’ll get and the threat to lose money.
Is Crypto Savings Interest Taxed?
Crypto savings interest should be part of the capital gains tax. Your jurisdiction will determine whether you will have to pay the tax or not. Cryptocurrency does not have conventional regulations, and some governments may not monitor crypto-based savings accounts.
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Final Verdict
I explored the best crypto savings accounts to help you earn interest. Each has different annual percentage yields and conditions, varying their supported coins. I did my due diligence and learned a lot about cryptocurrency savings accounts. In the end, I chose the top three best crypto interest accounts, and they are:
- Uphold is best for trading altcoins. It has valuable educational content, useful features, and a wide variety of assets.
- Binance is suitable for OTC trading. You get high liquidity levels through peer-to-peer trading and other withdrawal methods.
- Zengo is ideal for a self-custodial crypto wallet. You get more control over your crypto assets and link your wallet to multiple Dapps.
