Crypto Interest Rates Notes and Disclaimers
Since I'm trying to make the monthly crypto interest rates comparison a regular thing I figured I would make a notes and disclaimers page since those stay the same.
- These posts, or anything I say, is not financial advice. I am not a financial advisor.
- Do your own research. Both to check the validity of anything I post and also because when deciding where you put your money/crypto you should look into more than simply which one has the higher interest rates.
This section is
- US Rates: Some platforms, such as Celsius, have different rates for US and non-US. I always chose US rates for this table.
- Base Rates:Some platforms have bonuses for holding their token, or other reasons. I left those out so these are the base rates.
- Minimums:Some platforms, like Voyager, have minimum amounts for each crypto you have to hold to earn interest.
- Tiers:Some platforms, like BlockFi, have tiers where you earn a higher rate on a certain amount and a lower rate on anything higher. I listed the first tier here as I figured this would be something the casual investor would find useful.
- Stablecoins Ommitted:Some platforms, like Celsius, have interest rates on a ton of different stabelcoins. I have included USDC and a few others but omitted a lot for brevity.
The Goal: Simplicity
The goal of making this table is to give people, including myself, something that is simple to look at to compare rates.
People ask, or request, all the time to add more info, make the rates ranges instead of the base rates, add extra columns for example for Nexo Platinum members to see those rates separately, and many other requests.
The reason I don't do any of that is because the goal is not to provide every detail and bit of information here. For one, I'm not sure I can pack all the information into an easy to read table and two that information could change at any time.
Think of these tables more as a reference material than education materials. It is not meant to teach people about these platforms but when you are already familiar with the platforms this is quick and easy to refer back to.
How I get the Rates
This has been another common question. Though the reason for the question is probably confusion on some of the notes listed above, such as the rates being base rates.
Now that I have all of these apps I try to pull the rates from the app. Before I used their website but that turned out to be misleading at times. Some of the apps take way more clicks to pull up each rate and sometimes I will use the website rates then spot check them by pulling up some rates in the app to verify.