If you are a HODL-er, you are probably always checking how much your assets are worth based on the coins you hold and their current value. But what if you could grow your cryptocurrencies besides just hodling them and create a passive income stream while you are at it?

One such platform that helps you do just that is Hodlnaut! It is a native Singapore-based platform that allows users to earn interest on their cryptocurrencies. You can earn up to 12.73% APY on six supported assets namely BTC, ETH, DAI, USDC, USDT, and WBTC.

This Singapore-based platform is popular among hodlers mainly because of its high-interest rates and exceptional customer support that helps users to make the most of their cryptocurrencies.

Now, you might be wondering if Hodlnaut is legitimate and whether you should trust the company to deposit your cryptocurrency with them. Fret not, as in this article, we walk you through Hodlnaut’s offerings and why it is becoming popular in the crypto space.

A Quick Summary of Hodlnaut

  • Hodlnaut is a Singapore-based company founded in 2019. It is available worldwide except for the locations prohibited by Hodlnaut Policy or the Sanction Laws.
  • The term Hodlnaut is a combination of “HODL” (Hold On for Dear Life) – a very popular crypto slang – and “astronaut”.
  • The platform has over 10, 000 users and US$500 million assets under management.
  • Hodlnaut has also raised US$100, 000 in funding from one pre-seed funding round with Antler, a venture capitalist firm and Singaporean startup accelerator.
  • With no minimum deposit, hodlers can earn up to 7.5% on BTC and up to 12.73% on stablecoins with Hodlnaut Interest Account.
  • Hodlnaut’s token swap feature helps users swap tokens between asset pairs without the double fees associated with token swaps. This feature also makes it super easy for users to migrate one token to another within minutes.
  • Hodlnaut’s Preferred Interest Payout feature is quite a stunner! Users can deposit crypto and earn interest in the cryptocurrency of their choice from the six supported assets.
  • Signing up with Hodlnaut is very straightforward and includes the standard KYC requirements.

Having said that, let’s understand what the platform offers and how secure it is.

The Team Behind Hodlnaut

Hodlnaut was founded by two bitcoin maximalists Juntao Zhu (CEO) and Simon Lee (CTO) in 2019. The duo had previously founded Cypher Forger which is a cryptocurrency trade execution platform.

Juntao Zhu has experience of three years as an analyst and developer with Credit Suisse and Simon Lee has spent over three years in engineering and management roles.

How Does Hodlnaut Compare with Other Cryptocurrency Earning Platforms?

Hodlnaut offers very competitive rates without any minimum balance or rate caps compared to other cryptocurrency holding platforms such as Gemini or Celsius Network. It’s a rather new platform with less funding compared to other players in the market.

How Does Hodlnaut Make Money?

Hodlnaut accepts deposits from users and lends those assets to institutional borrowers. The firm earns off from the difference between the interest it pays to users and the amount it charges to offer loans to the borrowers.

Hodlnaut is quite transparent about its business model and has assured its users time and again through various press releases about their stringent capital requirements that are in place for their counterparties. The organization is very selective about whom they lend to and only considers corporate entities with good credit scores.

Will my Funds be Safe with Hodlnaut?

Before depositing your crypto assets with any platform, it’s only natural to fear the safety of your funds. But Hodlnaut has taken various safety measures to guard your funds while you hodl with hodlnaut.

For instance, hodlnaut requires you to set up 2FA before you can make any withdrawal which helps in securing the account and also preventing unauthorized withdrawals. The platform also uses industry-standard encryption and other safety regulations to ensure that assets and information on its platform are protected.

Hodlnaut’s primary custodian is Fireblocks, which is a leading digital asset custody solution that employs a variety of methods to ensure the safety of assets. Moreover, Hodlnaut also gives an option of purchasing insurance on your crypto holdings via Nexus Mutual’s Custody Cover.

How Easy is the Platform to Use and What About Customer Service?

The platform is pretty user-friendly and you can create an account both from the web application or by downloading Hodlnaut’s iOS app. Moreover, Hodlnaut also has an android application coming up this year.

With a Trustpilot rating of 4.8, Hodlnaut seems to have exceptional customer support! Reddit reviews of Hodlnaut also cite the promptness of the team as a distinctive aspect. Nevertheless, in case you face any issues, you can always reach out to their support team at support@hodlnaut.com.

Final Take

Hodlnaut’s competitive interest rates are indeed a striking factor in its increasing popularity! Founded in 2019, the company has grown exponentially with the AUM currently standing at US$500 million and a community of 10,000 hodlers using Hodlnaut’s product.

The firm is certified by the Singapore Fintech Association, which is recognized by the Monetary Authority of Singapore (MAS). At the moment, Hodlnaut is undergoing a license application with MAS and is striving to become the first regulated entity in the crypto borrowing and lending space in Singapore.

If you are looking for a platform that lets you grow your cryptocurrencies while hodling them, then Hodlnaut is a great fit!


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