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.

Earn Passive Income With Your Crypto

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.

Osmosis

Osmosis is a battle-tested DeFi protocol built on the Cosmos SDK. It has a modern DEX & AMM, offering cross-chain P2P trading in a trustless manner. I’m currently earning $20/day with a $10,000 principal.

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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.

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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AUM (in Bio USD)

(estimated / 2022)

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Trustpilot Reviews

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

Osmosis Review

Key Features

My Quick Take

I use Oxmosis since early 2022 and have come to really love it. Once a day I receive OSMO directly in my Kepler wallet. No complicated liquidity pool IL calculations. I get paid straight into my wallet. This is how DeFi should be!

TVL in Mio USD

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DAI/OSMO LP APR in %

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Osmosis is an advanced automated market maker (AMM) protocol allowing you to swap any Cosmos IBC connected chain (e.g. ATOM, JUNO, OSMO, LUNA, CRO, SCRT, etc.) in a decentralized, trustless manner. 

Map of Cosmos IBC Chains

If you provide liquidity in ie. USDT and OSMO, you earn a percentage of the swap fees the pool generates.

Osmosis App to swap IBC Tokens

 

I am currently in the DAI/OSMO pool, earning 18 OSMO per day. 

OSMO is currently at 1,10 USD, meaning I earn 20 USD per day, paid out directly to my wallet, with a principal of 10,000 USD.

 

 

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 is an excellent platform 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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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.

What is a good interest rate for crypto?

Nexo pays between 6-12% for various  coins. The more Nexo you hold in your account, the higher the interest rates are.

On Osmosis, the DAI/OSMO liquidity pool yields 60% in form of liquidity mining rewards, paid out in OSMO once a day.

 

Conclusion

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 🤲.

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 🤲.

FAQ

Yes, there are plenty of different ways to make your coins and tokens work for you. Simply put, you can use DeFi platforms such as Grizzly Finance or Osmosis. Or CeFi platforms such as  Nexo.io or Binance.com. Every solution comes with certain risks that you should carefully assess.

The easiest way to earn interest on crypto is via Centralized Finance (CeFi) platforms such as Nexo or Binance. For more advanced users, Decentralized  Finance (DeFi) offers many more interesting options. Popular DeFi protocols are for example Grizzly Finance, Aave or Osmosis.

This depends on many factors, such as current liquidity, transaction volume, chosen protocol (Ethereum, Solana,  Osmosis, ..), etc.  The higher the interest rate the more careful you should get. If something sounds too good to be true, look twice and study the underlying tokenomics of the token you will earn.

Full Passive Income

My total passive income is ~$150,000 US per year. Like to see a full breakdown? 

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