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Earn interest on your crypto assets

Earn interest on your crypto assets by lending or staking them. Both lending and staking can be done with centralized wallets or non-custodial options.

Crypto saving accounts

Crypto saving accounts powered by centralized providers take your deposits and lend them to vetted institutional borrowers who pay interest for the loan.

Compare savings accounts

How do crypto savings work?

1. Register for free
Sign-up for a wallet offering crypto saving accounts as a feature. Put your e-mail and password.Compare savings accounts
Like all custodial wallets you will need to verify your identity by uploading a copy of your passport.
In order to lend crypto assets to earn interest you first need to buy some. You can also buy stablecoins or dollar tokens if you don't want to be exposed to volatile crypto assets.
With a simple button click, give your wallet provider the authorization to lend your crypto assets on your behalf. You will receive interest paid out weekly or monthly depending on the provider.
Borrowers who take the loans need to put up collateral to get a loan making this type of lending relatively secure for you.

DeFi lending accounts

DeFi lending protocols let you lend your crypto assets and earn interest on the Blockchain - available to anyone in the world without identity verification or paperwork.

Compare DeFi lending protocols

How do DeFi lending rates work?

1. Get an Ethereum wallet
To use a decentralized application you need a non-custodial wallet. Your wallet is your gateway into DeFi.Compare Ethereum wallets
You need some Ether in your wallet to pay for transaction fees on the Blockchain. You can transfer funds from an exchange.
Find a DeFi lending protocol that you like. Choose one that offers a good yield, manages a lot of capital and has a good Cryptotesters score.Compare DeFi lending protocols
Navigate to the website, connect your wallet and deposit funds into the protocol.
You will automatically start earning interest every few seconds. The interest rates fluctuate based on supply & demand.

Ethereum staking platforms

Ethereum staking platforms let you participate in the transaction validation process of the Ethereum network - called Proof-of-Stake. When you stake your Ether (ETH) you earn rewards paid in ETH.

Compare staking protocols

How does Ethereum staking work?

1. Get an Ethereum wallet
To use a decentralized staking platform you need a non-custodial wallet. Your wallet is your gateway into staking.Compare Ethereum wallets
You need some Ether in your wallet to pay for transaction fees on the Blockchain and to stake. You can transfer funds from an exchange into your wallet.
Find an Ethereum staking platform that you like. Choose one that offers a good yield, manages a lot of capital and has a good Cryptotesters score.Compare staking platforms
Once you deposit Ether your deposit will be added to a queue as it takes time to deploy a new staking node. This activation period can last between 1 day or 1 week but once it’s activated, you start earning rewards.
Earn guide

How to choose the right Crypto Lending platform

Security

Whether it’s a centralized saving provider or DeFi - you want to use a platform that is secure. Time is the best proof-of-security. Check how long a platform has been running without major hiccups.

Ease of use

A good and user-friendly interface goes a long way to make a platform enjoyable to use. The whole process should be straightforward and if there are questions left customer support should be in reach.

Value Locked

Total value locked is a metric that is commonly used to assess popularity of a lending platform. It refers to how much funds have been deposited by users. It demonstrates confidence in the platform and popularity.

Fees

DeFi protocols typically take significantly less fees than centralized saving apps as they exist to cut out the middlemen. When you lend funds on a DeFi platform you are matched to a borrower through a smart contract - no operational costs.

FAQ

Frequently asked questions

See all questions

Crypto savings accounts work in a similar way to normal bank savings accounts. In a nutshell, you lend money to an institution, which lends your assets to borrowers in need of liquidity. However, these loans are relatively secure since the loan providers ask the borrowers to deposit crypto assets themselves, as security for the loan. Most providers ask for a ‘loan-to-value’ ratio of 50% meaning that if a borrower wants $1000 they’ll need to deposit $2000 worth of crypto assets as security for the loan.

Broadly speaking, the borrowers are institutions and sometimes individuals that hold cryptocurrency and need short-term liquidity but don’t want to sell their cryptocurrency. Examples of companies using crypto-backed loans are miners, venture capital funds and most importantly trading firms.

Yes, both DeFi and centralized lending platforms can theoretically be hacked. Centralized lending platforms store unser funds in centrally managed wallets which could be hacked. DeFi platforms are managed through smart contracts which could have bugs.

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We are a multi-faceted team of crypto enthusiasts based in Berlin.

© 2021 cryptotesters UG