Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
Hodlnaut has suspended withdrawals, token swaps and deposits
On 9 August 2022, Hodlnaut paused withdrawals, token swaps and deposits, citing market volatility.
On 19 August 2022, Hodlnaut announced that the firm laid off 80% of its workforce amid “pending proceedings” with Singapore law enforcement.
Customers should be aware that Hodlnaut is not regulated by the Monetary Authority of Singapore and your funds may be at risk.
Up to 9.41% APY
No minimum lock in periods or staking required
Not so great for
Approval takes 3 to 5 five business days
Only 1 free withdrawal a month
You must be at least 18 years old to open an account and have an email address and mobile phone number.
Provide personal and financial information that includes:
Full name and any previous legal names
Country of birth
Date of birth
Details about your industry, occupation, employer and total annual income
Photo of a government-issued ID, such as a passport or driver’s licence
Proof of address, such as a government-issued document, bank statement or utility bill
How does Hodlnaut work?
Hodlnaut is best for those who already own crypto, because you need it to fund your Hodlnaut account. Unlike other crypto savings accounts, there’s no way to directly deposit fiat currency (e.g. EUR or USD) into this account. Also, you can’t buy or sell crypto on Hodlnaut’s platform, but you can convert your assets to any of the 6 cryptocurrencies it supports, including Bitcoin and Ethereum.
With Hodlnaut, you can deposit and withdraw your digital assets at any time — but you only get 1 free withdrawal per month. Additional withdrawals will be charged a variable fee. While this is the only fee Hodlnaut charges, other crypto savings accounts may let you withdraw funds as often as you’d like without charging a fee.
Hodlnaut also offers flexible earn options, with both open- and fixed- terms available for you to maximise your gains according to your preference.
Benefits of Hodlnaut
Here are some of the key benefits:
Outstanding APY. Hodlnaut offers up to 9.41% APY on stablecoin deposits. That’s more than traditional savings accounts in Ireland.
No minimum deposit. While other crypto savings accounts require a minimum deposit, you can deposit any amount into your Hodlnaut account by linking an existing crypto wallet or crypto exchange account.
No staking. Some crypto savings accounts such as Nexo and Crypto.com require you to hold a considerable amount of a respective exchange coin to earn the maximum APYs. With Hodlnaut, there’s no staking or balance requirement.
Cross-platform. Access your Hodlnaut account on the web or through an iOS or Android app. By comparison, Crypto.com accounts are accessible only through an app.
Drawbacks of Hodlnaut
Before applying for a Hodlnaut account, make sure to look out for the following caveats:
Interest is paid weekly. Some crypto savings accounts pay interest on your balance daily. While Hodlnaut compounds interest daily, it’s paid into your account every Monday at 5 pm (GMT +8). Depending on your balance and the amount of time you leave your assets in the account, the difference between receiving interest daily versus weekly could add up.
APY decrease. With Hodlnaut, your APY drops if your balance exceeds 0.1 BTC/WBTC, 25,000 DAI, or 100,000 USDC/USDT.
Withdrawal fee. The only fee Hodlnaut charges is a withdrawal fee, which varies by cryptocurrency. Although Hodlnaut allows you 1 free withdrawal a month, other crypto savings accounts might let you withdraw assets as often as you’d like without any withdrawal fees.
3 to 5 days to open. It can take 3 to 5 days to open your account after you apply. Many crypto savings accounts approve and go live with accounts the same day an application is received.
How to earn interest with Hodlnaut
To earn interest with Hodlnaut, you must first transfer any of the 6 supported cryptocurrencies from your crypto wallet or exchange into your account. Hodlnaut provides you with a unique deposit address depending on which form of crypto you transfer into your account.
By default, deposits into your Hodlnaut account are open-term. This means your APY has nothing to do with the length of time your assets are in the account, and you can withdraw any or all of your assets at any time.
Hodlnaut offers tiered interest rates that depend on the type and amount of crypto in your account. Your interest is calculated daily, and it’s paid out on Mondays. The tiered rates work similarly to traditional tiered savings accounts, where your rate is determined by a specific threshold balance. For instance, if you have 1.5 BTC in your account, the first 0.1 BTC will earn 5.33% APY and the next 1.4 BTC will earn 3.04% APY.
Here’s how Hodlnaut’s open-term interest rates are broken down by cryptocurrency, as of 1 June 2022:
First 0.1 BTC
Next 1.4 BTC
Next 1.5 BTC
Above 3 BTC
Wrapped Bitcoin (WBTC)
First 0.1 WBTC
Next 1.4 WBTC
Next 1.5 WBTC
Above 3 WBTC
USD Coin (USDC)
First 100k USDC
Next 400k USDC
Next 500k USDC
Above 1M USDC
First 100k USDT
Next 400k USDT
Next 500k USDT
Above 1M USDT
First 25k DAI
Next 75k DAI
Next 400k DAI
Above 500k DAI
Example: How this works
To demonstrate how Hodlnaut’s tiered-interest rates work, here’s a breakdown of how much interest you could earn in a year if you deposit 600,000 USDT into your account.
Portion of your balance
Interest earned on portion in 1 year
1 USDT to 100k USDT
100,001 USDT to 500,000 USDT
500,001 UST to 1M USDT
~ 21,908 USDT — Total interest earned in 1 year
The potential amount you’d earn in one year is about 21,908 USDT – if you don’t include additional contributions or consider the interest you earn as your balance increases over time. Also, if your deposited USDT balance exceeds 500,000 USDT, the amount you’d earn for that portion drops to 0.60% APY.
In addition to its open-term deposits, Hodlnaut also gives you the option to earn simple interest (APR) on any balance for a fixed time. It works similarly to a traditional fixed-term savings account where your interest rate depends on which term length you choose. This option only makes sense if you have a Tier 3 or Tier 4 balance with any of your held cryptocurrencies. Otherwise, you’d earn more interest with an open-term deposit. Hodlnaut’s fixed-term deposits don’t compound, and similar to traditional fixed-term deposits is paid on maturity. This means your earned interest is paid out at the end of your fixed term.
Here’s a breakdown of Hodlnaut’s APRs for fixed-term deposits of 30-, 90- and 180-days.
Note: Fees indicated in the table are accurate as of 1 June 2022.
Fees and rates
You get 1 free withdrawal each month, but it isn’t automatically applied to your account. Instead, you must check a box at the time of your withdrawal to avoid paying a fee.
If you don’t check the box to apply your free withdrawal — or you exceed one withdrawal per calendar month — expect to pay the fee that corresponds to the cryptocurrency you’re withdrawing:
Minimum withdrawal amount
> 0.0004 BTC
> 10 DAI
> 0.0036 ETH
USD Coin (USDC)
> 10 USDC
> 10 USDT
Wrapped Bitcoin (WBTC)
> 0.0004 WBTC
Note: Fees indicated in the table are accurate as of 1 June 2022.
How do I earn the highest interest rates with Hodlnaut
To earn Hodlnaut’s highest yields, you need to maintain balances below the following thresholds:
0.1 BTC or WBTC
Any amount of ETH
100,000 USDC or USDT
How experienced do I need to be with crypto to use Hodlnaut?
As you’ll need to already hold crypto to sign up and start earning interest with Hodlnaut, it’s better that you have some experience with dealing with crypto. This is won’t be able to link a bank account to Hodlnaut or transfer fiat currency. The only way is to transfer crypto from an exchange or wallet.
What cryptocurrencies can I use with Hodlnaut?
Hodlnaut currently supports the following cryptocurrencies:
USD Coin (USDC)
Wrapped Bitcoin (WBTC)
Is Hodlnaut safe to use?
Hodlnaut Pte. Ltd. has attained an in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for the grant of a Major Payment Institution license under the Payment Services Act 2019 for the provision of DPT services.
Hodlnaut requires two-factor authentication by default. Hodlnaut hasn’t ever been hacked at the time of writing this review.
There’s a lot to like about Hodlnaut — namely its APY, which is significantly higher than traditional savings accounts APYs. However, there are many other crypto savings accounts that offer higher interest rates, but they do tend to require a high balance to earn the best APY.
Before applying, be sure to compare your options to find a crypto savings account that’s best suited to your needs.
Hodlnaut reviews and complaints
Hodlnaut earns 672 reviews on Trustpilot as of 9 June 2022, with an “Excellent” rating of 4.8 out of 5 stars. Many reviewers praise the platform for its ease of use, security and APY returns. Hodlnaut also has its own subreddit and Discord channel, where customers have shared overwhelmingly positive feedback about their experiences with Hodlnaut.
How to apply for a Hodlnaut account
It takes about 10 minutes to apply for a Hodlnaut account and 3 to 5 days for approval.
Go to Hodlnaut’s website and follow the steps to apply.
Read and agree to the risk warning regarding digital payment token services, then select Submit.
Check your inbox for an email from Hodlnaut and verify your email address.
Log in to your account, and follow the steps to activate two-factor authentication.
Verify your identity and submit your application.
Hodlnaut emails you once your account is open and ready for your first deposit.
How to contact Hodlnaut about my account?
If you have questions or need help with your Hodlnaut account, you can get in touch with the team through:
Contact form. Send a secure message to a specialist via Hodlnaut’s website.
Social media channels. Contact Hodlnaut via Facebook, LinkedIn, Twitter @hodlnautdotcom, Instagram @hodlnautdotcom, Reddit (r/hodlnaut), Telegram and Discord.
Compare Hodlnaut against other crypto savings accounts
*The products compared here are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order for the products we list on our site, so we enable you to re-order and compare products. The initial display order is influenced by a range of factors including commercial partnerships, product costs and conversion rates, so please don’t interpret the listing order as an endorsement or recommendation from us. We’re happy to provide you with the tools you need to make better decisions, and we encourage you to make your own decisions and compare and assess products based on your individual needs, preferences and circumstances.
Frequently asked questions
The only way to move assets into and out of your Hodlnaut account is by linking it to a crypto wallet or crypto exchange. Hodlnaut provides you with a unique deposit and withdrawal address based on which form of cryptocurrency you transfer.
You can’t connect a traditional current account, savings account or debit card to Hodlnaut.
Hodlnaut requires more experience with crypto than other crypto savings accounts. For one, you can’t link a bank account to Hodlnaut and transfer fiat currency directly. Instead, you must transfer crypto from an exchange or wallet.
Hodlnaut’s tiered APY model works similar to traditional savings accounts that offer tiered-interest rates. This means you earn a set amount of interest depending on your balance. But its fixed-term APYs work similarly to traditional fixed-term savings accounts, where your rate depends on the length of time you choose.
Unlike a traditional savings account, it lacks protection, and you can’t deposit or withdraw fiat currency without first exchanging it for crypto.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
Zyane Tan is an editor at Finder. An experienced copywriter and content creator, Zyane enjoys writing on a wide array of subjects. When she’s not busy typing away, she’s reading and musing over a pint.
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