How To Earn Interest On Crypto.

I’m a DIY Investor, Managing my own crypto Portfolio since 2017. in This Article, I Openly Share how I earn interest on crypto, and the Platforms I’m Using.

CeFi Platforms I love & Use.

Nexo

Nexo is the world’s most advanced & regulated crypto company, offering instant crypto loans, daily earnings on assets, and instant swaps for 40+ fiat currencies in more than 200+ jurisdictions.

FTX (web)

FTX is one of the world’s largest centralized exchanges offering a simple option to earn interest on crypto. All you need to do is deposit digital assets into your FTX account, and you start earning!

Binance

Binance, the most popular cryptocurrency exchange in the world, has established a vast eco-system. It’s the crypto exchange with the volume & one of the fastest growing firms on the globe.

FTX (mobile)

FTX is one of the fast growing exchanges in the world. I have been a long-term Blockfolio user before FTX acquired it. Best mobile trading  – bar none. Led by charismatic CEO Sam Bank Friedman!

Disclaimer: I’m not a financial advisor. No content is meant to be a recommendation. Please do your own research. Pages might contain affiliate links. Please read my Disclaimer page.

Table of Contents

I surely am no whale, but with a portfolio of 2,2 Mio USD invested in several digital currencies, I have learned a thing or two. Made all the mistakes in the book, and I hope you won’t make the same! 

You can check out what coins I own in my detailed Digital Asset Portfolio, and you can also check out my entire total net worth. I know crypto currencies are extremely volatile and risky, that’s why I try and counter balance it with a All-Weather Portfolio, consisting of the world’s best high- yield dividend stocks. 

My aim with this article is to simply share what I do. It’s by no means any sort of ultimate guide, comparing hundreds of lending platforms out there. No. It’s about giving you my honest opinion and directly showing you what worked and works for me, and how I generate interest on crypto.

Let’s start by taking a look at the leading Centralized Finance, or CeFi, players I use since years:

Nexo Review

Key Features

WiseStacker's Quick Take

If you like to earn interest on crypto, I can wholeheartedly recommend Nexo, as I have come to fully trust and love their platform and service.

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I am a Nexo customer since 2019. At the moment, as of May 2022, I have a total balance of 196,000 USD on the platform (see image below), earning me approx. 35 USD per day. Check out some of the screenshots below to check out the great design of Nexo’s web app. Absolutely love the simplicity and cleanliness. At the moment I have about 195k USD on Nexo, but I recently moved quite a bit of money around, and will soon add more on Nexo again.

Nexo earn interest on crypto -1

Below image shows the transaction page – every single interest payment is tracked and can be easily downloaded via a .csv file.

earn interest on crypto on Nexo

Below shows my loyalty level. As my Nexo tokens represent more than 10% of my assets, I am a Platinum user, getting a multitude of useful perks. (e.g. earning higher interest rates, free withdrawals, cheaper loans, etc.) .

Nexo loyalty tiers Platinum

Nexo just announced that the Nexo Credit Card is finally available. This is a game changer, making it finally possible to buy my caramel macchiato at Starbucks with the interest Nexo pays out –every-single -day–

Compound Interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it.

Albert Einstein

FTX Review

Key Features

WiseStacker's Quick Take

I use FTX since mid-2021 and love how simple FTX made it earn interest in crypto. All you need to do is deposit some coins into your account, and you start earning.

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Profit in Mio USD (2021)

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Trading vol./day (bio)

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Trustpilot Reviews

FTX not only has the best mobile crypto trading app, but also one of the best offers if you like to earn interest on crypto.   

For example, I earned 4,3 Helium HNT via an APY of 8% by simply holding HNT in my FTX account.

FTX earn crypto easy way

Both the mobile app as well as the actual desktop/website version are recommended.

In 2021, FTX did approx. 800 Mio USD in profit, making it most likely one of the top 3 crypto exchanges in the world (after Binance). 

 

Compound Interest is the 8th wonder of the world. He who understands it, earns it. he who doesn’t, pays it.

Albert Einstein

Binance Review

Key Features

WiseStacker's Quick Take

Nexo and FTX are excellent platforms for long-term HODLing and earning interest on your crypto, but when it comes to trading, Binance is the 800-pound gorilla 🦍. Also has very good staking and NFT solutions, but I’m not using those.

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Trustpilot Reviews

(poor reviews)

The Binance Exchange, founded in 2017, is the world’s leading cryptocurrency exchange in terms of daily traded volume.

It has a strong focus on crypto-to-crypto trading in more than 500 cryptocurrencies and virtual tokens, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and its own token Binance Coin (BNB)

In response to China’s strict rules on cryptocurrency exchange businesses not allowing you to earn interest on crypto, it relocated its corporate headquarters to Malta, EU, in 2018.

FTX Review

Key Features

WiseStacker's Quick Take

FTX is my preferred mobile trading app ever since the Blockfolio acquisition. It’s incredibly easy to use with a very intuitive UX. The best is that it lets you earn basically 8% on almost any coin there is! 

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What is a good interest rate for crypto?

FTX pays a flat 8% for most coins (may vary). This is paid without any lock-in or lock-up periods. Nice. Not sure how sustainable though.

In general, FTX is a cryptocurrency trading platform developed by traders for traders. It offers a huge variety of investible products including industry-first derivatives, options, volatility products, and leveraged tokens.

It aims to create a platform that is both robust and user-friendly enough for professional traders while remaining easy enough for novices.

Conclusion & Recommendation

There you have it, folks. If you are looking for a hands-off way to earn interest on crypto, I would go with my number 1 recommendation Nexo.io. For more active traders among you, you can not go wrong with Binance.com!

Hope this guide is of value to you 🤲.

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       For earning income on crypto:  Nexo

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