Top 5 Crypto Lending Platforms Compared!!
1️⃣ Binance Earn 1️⃣
Binace is the king of crypto exchanges and opened its doors to traders back in 2017. Since then, they have added a plethora of different crypto products and one of those would be Binance Earn. Here, you can lend to Binance margin traders and get up to 7% on stablecoins.
2️⃣ BlockFi 2️⃣
BlockFi was founded in 2017 and is backed by some of the biggest names in crypto. That includes the likes of the Winklevoss twins. Here on Blockfi you can supply major crypto and stable coins and earn top-notch rates of interest. However, the thing to be aware of is that BlockFi offers a tiered system for Bitcoin and Ethereum, allowing you to get access to the best interest rates up to a specific threshold. The interest rate then scales down, the more ETH or BTC you supply.
3️⃣ Kucoin Lending 3️⃣
Kucoin is based in the Seychelles and operates out of Singapore. Yes, it is one of the top crypto exchanges out there and it also offers a cracking crypto lending product too. Here you can lend out a ton of different cryptos like BTC, ETH, XRP, ADA and many more. Interest rates here for stablecoins are the highest I have seen and you can get in excess of 26% APY.
4️⃣ Nexo 4️⃣
Nexo has over 1.5 million customers, with insurance for up to $375 million for non custodial assets. In short, you can get between 8 and 12% APR on every asset supported. That actually includes fiat currencies like the Euro, Pound and US dollar. This makes Nexo a great option to counteract those miserly interest rates your bank offers you right now.
5️⃣ Celsius 5️⃣
Celsius is perhaps the most popular crypto lending app. The platform was actually co-founded by Alex Mashinsky. He’s the guy that brought free WiFi to the New York subway and enabled WiFi on US flights via his business Transit Wireless. Celsius also offers up to a mind boggling 17.8% on cryptocurrencies. Those returns are generated via a method called rehypothecation, with 80% of those gains being returned to users ads interest and the rest going towards funding Clesius’s operations.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.