In the brave new world of cryptocurrencies, there are some companies that offer cryptocurrency lending services where you loan your cryptocurrency out to certain borrowers to earn interest on your cryptocurrency.
Source: Giphy
If you are already familiar with
how peer-to-peer (P2P) lending works – you should be able to understand how you can earn interest on your cryptocurrency.
You can actually loan out your coins on third party cryptocurrency P2P lending platforms like BlockFi, Celsius, Nexo and Singaporean company Hodlnaut.
In return for lending out your coins, you will be rewarded with a rate of interest that in many cases is significantly higher than what you can get through a
traditional savings account.
Here are some of the best cryptocurrency lending platforms to consider!
Disclaimer: The information provided by Seedly serves as an educational piece and is not intended to be personalised investment advice. Readers should always do their own due diligence and consider their financial goals before investing in any investment product. The writer may have a vested interest in the investments products mentioned.
TL;DR: Crypto Lending Platform Comparison
| Cryptocurrency |
BlockFi |
Celsius Network |
Hodlnaut |
Nexo |
| Withdrawal Fee |
1 free Crypto +
1 free Stablecoin withdrawal per month |
- |
~US$18
(worth of Crypto) |
1 free Crypto withdrawal per month (base tier) |
...
