How to Earn Interest on Crypto | 2022

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Some investors still learning the ropes, tend to dump funds into their wallets without realizing they can earn interest on crypto.

Cryptocurrency investment has over the years proven to be a lucrative mine with digital tokens accruing reasonable ROI (Returns On Investment).

Unlike the traditional banking system, there are a variety of ways you can earn from. These options when properly managed are a good source of passive income.

If you seek to garner knowledge on how to earn interest in crypto, this article is just for you. It provides insight into the diverse option available for you can earn with crypto.

Check Out: What is a Bitcoin ETF? Everything You Should Know!!!

Pros of Earning Interest on Crypto

The benefits of earning interest on crypto are far-reaching. They include:

  • Interest appreciates as the value of your crypto asset rises.
  • In opening an interest-bearing account, no minimum deposit is necessary.
  • Cryptocurrency funds have a short or no minimum lockup period.

Cons of Earning Interest in Crypto

  • Scams are becoming increasingly widespread due to a lack of governmental control.
  • The presence of floating interest rates does not ensure that they will remain high in the long run.
  • Your earned interest and capital will depreciate if the cryptocurrency you own depreciates.

Those who read this article end up reading; What is EBITDA? Formula, Definition, and Examples

Vital Consideration Before Investing in Crypto


Investors in cryptocurrency and those abreast with the trends are aware of one thing – it is volatile. Cryptocurrency can be at its peak and suddenly experience a heavy decline.

For instance, the rise and fall of bitcoin from April to May 2021 shows how much predictions can go south. This sudden dip can cause a tremendous loss to your wallet or funds.

The fluctuations most times can result in loss. The fear of not buying an altcoin with positive predictions pushes some traders in buying at a high rate. On the flip side, the altcoin may eventually experience a dip or decline which may be a huge loss to the investor.

Interest Rates

Just like every other investment, the interest rate will always be a major consideration. Look out for the interest rate before investing.

This is essential for your regular wallet and a savings account. If it is favorable, you can go ahead and invest and vice versa.

Who it is ideal for

This is another important factor you should consider. This industry is ideal for individuals who are open to engaging in ventures with passive income.

In addition, individuals who are up for diversifying their investments can consider these digital assets.


This investment is plagued with high risks. However, every high reward has high risks.

Therefore, you should be conscious of this fact while investing in crypto. Hence, be mentally prepared for the peak and dip periods of your digital tokens or assets.

Conclusively, investing in crypto is risky but highly profitable.

How to Earn Interest On Crypto

Earning interest is the primary reason for investing in cryptocurrency. Hence, it is important for you to know the various ways you can earn interest.

You can earn interest on crypto through the following ways:

1. Crypto Savings Account

Crypto investors or traders depend heavily on this method to earn interest on their funds. A crypto savings account is similar to a regular savings account.

You can deposit your cryptocurrency with no lockup period or deposit limits, earn compound interest on your asset, get payouts and withdraw your assets anytime.

Market effects influence the interest rate. In addition, your interest will be paid in the exact currency you have in the account. However, you will be required to pay a withdrawal fee in accordance with the blockchain conditions.

Meanwhile, you can accrue 0.70% as AYP (Annual Percentage Yield) from a regular saving account. On the other hand, you can earn interest as high as 10.5% on interest-earning platforms.

In the long run, your deposits earn the best rate and compound interest each month’s end.

See Also: How To Make Money Online Without Paying Anything

2. Sign-up/Referral Bonus

Most cryptocurrency platforms award investors and new users with a certain percentage of bonus when people signup using their referral links.

In other words, the more friends and family signup with your referral links, the more you earn. In the same vein, as a new user, you are also entitled to a signup bonus.

However, these rates differ in different cryptocurrency platforms.

3. Holding (Hodling)

Also referred to as hodling, this strategy is effective in crypto earning. Rather than making frequent trades, cryptocurrency investors buy and keep assets for a longer period of time.

This is also referred to as a buy-and-hold strategy. Likewise, they target the market for altcoins with good prospects before making a move.

In order to earn interest on crypto, traders buy at a relatively low amount and hoard for a long period of time. They keep these assets and hope that they appreciate in value.

In addition, traders accrue interests when they buy at a low price and sell at a higher price. However, the keyword is patience.

4. Trading/Short term Investment

Most traders earn interest on crypto by constantly observing the market for a significant increase in price with the intent to sell.

These traders most times than not set parameters to get these transactions done even when they are offline.

This strategy is one of the most effective ways to earn interest on crypto.

5. Gaming Rewards

Another cool way of earning interest on crypto is by getting rewarded with cryptocurrencies when you play certain games.

When you play crypto games, you can earn NFT (Non-Fungible Tokens). These tokens are in the form of avatars, creatures, characters, and other items.

In addition, you can trade these NFTs on other platforms which allows you to obtain fiat or cryptocurrencies at the end of the day.

These games include:

  • Silks
  • Splinterlands
  • Alien Worlds 
  • Cryptopop
  • Gods Unchained

In summary, these crypto-earning games give investors the opportunity to play and earn.

What Are The Best Apps To Earn Interest on Crypto

There are several cryptocurrency platforms you can earn interest on out there. However, you have to settle for the best apps with a favorable interest rate for your funds.

The following are the 5 best apps to earn interest on crypto :

1. Coinbase

Manage your portfolio

You can buy and sell digital currency and track them in one spot.

Recurring buys

Invest in cryptocurrency and schedule buys on a daily, weekly, and monthly.

Mobile apps

Download APK or iOS.

2. Binance

Fund your account

Add funds to your crypto account to start trading crypto. You can add funds with a variety of payment methods.

Verify your identity

Complete the identity verification process to secure your account and transactions.

Start trading

You’re good to go! Buy/sell crypto, set up recurring buys for your investments, and discover what Binance has to offer.

Download APK or IOS.

  • No charge for buying Crypto
  • Superfast funding
  • Highest balance rates
  • No lock-in periods

Download APK or iOS.

  • You can join over 10 million users in buying and selling cryptocurrencies
  • Get up to 8% interest when you spend using visa card
  • Receive rewards up to 14.5% on your crypto assets and grow your portfolio.

Download APK and IOS .

5. BlockFi
  • Clients with a high net worth receive special privileges.
  • Borrow money for as little as 4.5 percent annual percentage rate.
  • Trading for the most popular cryptocurrencies at a low cost.

Download the APK and IOS apps.

Check out these best passive income apps; 21 Best Passive Income Apps To Make Money in 2022

Holding (Hodling) Versus Trading/Short term Investment

These concepts or strategies of earning interest on crypto. You can use one or both methods in earning interest on crypto.

As earlier mentioned, holding or hodling your digital currencies can fetch you interest as well as trading with them.

While holding your crypto can accrue interest over a long time, trading with those assets can fetch you interest over a shorter period of time.

The important factor to consider is your ability to effectively manage your assets.


What is cryptocurrency mining?

Cryptocurrency mining is the process of verifying recent cryptocurrency transactions and adding new blocks to the blockchain.

How much interest can I earn on my crypto?

You can earn interest on your crypto through the following ways:

  • Crypto savings account
  • Holding/Hodling
  • Signup/Referral bonus
  • Trading/Short term investment

Is Hodling good for crypto?

Hodling is good for crypto. You can earn huge interest when you hodle your digital currencies in the long run. This strategy works best when you buy at a cheap rate and sell at an expensive rate.

However, this strategy needs patience. It may take a while before you can earn your desired interest.

what is a crypto investment platform

A crypto investment platform is a website where you may buy and sell digital currencies. To sum up, it is an online platform where you can trade your crypto.

What crypto to buy in 2022?

If you are looking forward to expanding your digital assets, you can consider buying the following cryptocurrencies:

  • Bitcoin
  • Ethereum
  • Litecoin
  • Cardano
  • Solana
  • Polkadot
  • Tether
  • Binance coin
  • Bitcoin cash
  • Terra


Investing and earning with crypto is a game-changer. Earning passive income in the 21st century seems to be swaying people from the traditional style of investment.

Hence, more people will continue to sign up on these crypto apps on a daily. In addition, the benefits of earning and investing in these digital tokens are appealing and may stay that way.

However, before investing in any crypto earning platform, ensure you ask the right questions to protect your assets. You can’t be too careful in protecting your funds.

We hope this article answered your inquiries on how you can earn interest on crypto. Reach us through the comment section for feedback or @



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