Best Crypto Lending Platforms in 2021 | Bitcoin Lending Platforms

crypto lending platforms header

Before talking about the best crypto lending platforms, if you haven’t done it yet, we advise you to read our course: Crypto Lending – What is it and how to invest?

What is Crypto lending?

Crypto lending is a pretty new segment of the lending investment industry that is rapidly growing in the past years.

The goal of this type of investment is to allow individuals with cryptocurrency assets to generate some dividends (ranging from 4% to 17% yearly ROI) by lending their cryptocurrencies. Lending is usually available via Crypto Lending Platforms for both crypto (e.g. Bitcoin lending) and stable coins (e.g. Tether lending).

What is a Crypto Lending Platform

What is it used for?

A Crypto Lending platforms is an online platform that allows you to lend your crypto in exchange of interests. These platforms are used by two different parties:

  • borrowers that need physical money (e.g. USD, EUR) that will take a loan via these platforms in exchange of interests
  • lenders (also called investors) that have some crypto laying around and would like to generate passive income from it

How Crypto Lending platforms work?

When investing via a crypto lending platform, these are the key steps of the process:

how crypto lending works
Figure: How crypto lending platforms work
  • a borrower requests a loan to the platform (specific duration, amount)
  • the lending platforms evaluates the loan (in terms of security)
  • once approved, the borrower stakes a certain amount of his crypto as collateral for the loan (usually the platforms request that 50% of the total loan amount is available as crypto collateral)
  • the assets of lenders deposited on the wallets of these lending platforms are used to fulfill the loan
  • investors receive interest usually weekly or monthly based on their amount of assets
  • once the borrower pays back his loan, he can unblock his crypto collateral
p2p lending information

Check out these 2 crypto lending platforms

celsius network logo

Up to 17.78% yield

(41 coins available)

flag united-states

OK for US citizens

Invest | $40 BONUS

For Bonus: Use promo-code 115185f01c and hold $400 for 30 days

youhodler logo

Up to 12.7% a year

(25 coins available)

united states flag no

NOT for US citizens

Invest

celsius network logo

Up to 17.78% yield

(41 coins available)

flag united-states

OK for US citizens

Invest | $40 BONUS

For Bonus: Click the button, hold $400 for 30 days

youhodler logo

Up to 12.7% a year

(25 coins available)

united states flag no

NOT for US citizens

Invest

How to compare platforms?

The table below lists the main platforms that should consider and further deep-dive in before investing. When choosing a platform to lend cryptocurrencies, you need to analyze several factors such as:

  • interest rate (depending on the coin you want to lend)
  • lending duration (is it fixed on not)
  • deposit limit (is there a minimum amount)
  • collateral (how much crypto collateral borrowers need to have compared to the amount of money they are borrowing)
  • fees
  • platform risks and track record

What we note in this summary is that every crypto lending platform has its own specialty:

  • Some platforms don’t require any minimum amount (e.g. Celsius Network, BlockFi)
  • Some platforms focus on providing high returns on cryptos, others focus on stable coins returns
  • Depending on the crypto assets you own, you might want to select a different platform (e.g. Binance for Bitcoins)

Crypto lending platforms comparison

crypto lending platforms comparison
Figure: Crypto lending platforms comparison

The outcome of the comparison is:

  • Most of the platforms are available for US citizens (except YouHodler)
  • Several platforms offer no minimum investment amount (e.g. Celsius, BlockFi)
  • Ideally select a platform with unlimited lending duration (e.g.Celsius, YouHodler, BlockFi)
  • Most of the platforms offer signup bonus (the biggest being Celsius with $40)
  • Platform offer to lending 30 coins on average (Binance and Celsius offering the mos)
  • Yields/rates: will be discussed in the next section

As a conclusion, most of the positive characteristics usually are identified on Celsius.Network, YouHodler and BlockFi.

Crypto lending rates

Let’s now look more into details about the yield of each investment platform. Like we said before, choosing the right platform depends on the coins you are planning to lend. Let’s take a look at Stablecoins and coins returns. You can use the following tables listing the rates of the available coins in order to select the best platform based on your portfolio.

Stablecoins lending rates

The figure below describes the rates and the available stablecoins for each platform. The best returns on stablecoins lending are made with:

  • Celsius.Network with a 12.18% APY
  • YouHodler with a 12.07% APY
stablecoins rates
Figure: Available Stablecoins and yearly yield

Crypto lending rates

The figure below describes the rates and the available coins for each platform. The best returns on coins lending are made with:

  • YouHodler with a 4.62%% APY
  • Celsius.Network with a 4.53% APY
coins rates
Figure: Available Coins and yearly yield

Best crypto lending platforms

Based on the analysis above we believe the top 3 crypto lending platforms in terms of characteristics and returns are:

#PlatformAPYBonusReview
1celsius network logo17.7%$40Go
2youhodler logo12.7%Go
3blockfi logo9.3%$250Go

You can find a detailed description of these 3 platforms and other extra platforms. The green subscription buttons below give both of us a sign-up bonus. If you liked our article, don’t hesitate to use them, it will be highly appreciated!!!

celsius network logo

Celsius: Highest stable coins yield (up to 17.7%) and Bonus ($40)

  • Up to 17.7% APR on stable coins
  • Up to 6.35% APR on cryptos
  • 41 lendable coins (incl. BTC, ETH, USDT)
  • United Kingdom lending platform
flag united-states

OK for US citizens

Invest | $40 BONUS See review

$40 Bonus: Register via the button or use promo-code 1777740589 and hold $400 for 30 days

youhodler logo

Youhodler: High crypto yield (up to 7%)

  • Up to 12.7% APR on stable coins
  • Up to 7% APR on cryptos
  • 25 lendable coins (incl. BTC, ETH, USDT)
  • Swiss lending platform
united states flag no

NOT for US citizens

Invest See review

blockfi logo

BlockFi: American large lending platform

  • Up to 9.3% APR on stable coins
  • Up to 6.5% APR on cryptos
  • 10 lendable coins (incl. BTC, ETH, USDT)
  • American lending platform
flag united-states

OK for US citizens

Invest | Up to $250 BONUS See review

$250 Bonus: Register via the button and invest min. $100 for $15

crypto.com crypto lending platform logo

Crypto.com: Platform with the larges choice of coins

  • Up to 8.5% yearly ROI on cryptos and 12% on stable coins (see image below)
  • Accepted cryptos: 35 (incl Bitcoin, Ethereum, Tether, Cardano, Litecoin, EOS, Stellar, etc)
  • Investment period up to 3 months, and a flexible non-binding period
  • Bonus at signup of $25 (by using the button below)
  • Hong Kong crypto lending platform
flag united-states

OK for US citizens

Invest | $25 BONUS

$25 Bonus: Register via the button and hold a stake for a crypto credit card

hodlnaut crypto lending platform logo

Hodlnaut

  • Up to 8% yearly return on investment (ROI)
  • Accepted cryptos: DAI, ETH, USDC, USDT, BTC
  • No lockin period
  • No minimum deposit
  • Singaporean crypto lending platform
flag united-states

OK for US citizens

Invest | $20 BONUS

$20 Bonus: Register via the button and make a $1,000 deposit

coinloan crypto lending platform logo

CoinLoan: Manual lending platform

  • Crypto lending investments
  • Up to 10.3% yearly return on investment (ROI)
  • Investment period of 7 days to 3 years
  • Minimum investment of €100
  • Estonian crypto lending platform

Invest

If you are still unclear on what is crypto lending and still need time and information to decide which one is the best platform for you, don’t hesitate to read our article about crypto lending.