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Hodlnaut review India

Earn up to 9.41% APY on stablecoins, plus great rates on BTC, ETH and more.

Hodlnaut is a Singapore-based crypto savings account that offers up to 9.41% APY on a range of supported assets. But the account only allows one free withdrawal per month.

Here’s a quick look at Hodlnaut’s standout benefits and shortcomings.

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Deposit fee

0.0004 BTC

Withdrawal Fee

Up to 13.86%

Yield rate


Product NameHodlnaut
Yield rateUp to 13.86%
Deposit fee$0
Withdrawal Fee0.0004 BTC
Annual percentage yield (APY) BTC2.25%
Annual percentage yield (APY) ETH2.5%
More Info
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.

Quick verdict

Good for
  • Up to 9.41% APY
  • No lockup periods or staking required
Not so great for
  • Approval takes 3 to 5 five business days
  • Only one free withdrawal a month

What cryptocurrencies can I use with Hodlnaut?

Hodlnaut currently supports the following cryptocurrencies: BTC, ETH, USDT, USDC, DAI and WBTC.

How does Hodlnaut work?

Hodlnaut is best for those in India who already own crypto because you need it to fund your Hodlnaut account. Unlike other crypto savings accounts like, there’s no way to directly deposit fiat currency (e.g. INR 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 supported cryptocurrencies it supports, including Bitcoin and Ethereum.

With Hodlnaut, you can deposit and withdraw your digital assets at any time — but you only get one free withdrawal per month. Additional withdrawals will be charged a variable fee. While this is the only fee Hodlnaut charges, other crypto savings accounts 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.

How to earn interest with Hodlnaut

To earn interest with Hodlnaut in India, 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 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:

Bitcoin (BTC)

TierAmount depositedAPRAPY
1First 0.1 BTC5.20%5.33%
2Next 1.4 BTC3.00%3.04%
3Next 1.5 BTC2.50%2.53%
4Above 3 BTC1.30%1.31%

Wrapped Bitcoin (WBTC)

TierAmount depositedAPRAPY
1First 0.1 WBTC5.20%5.33%
2Next 1.4 WBTC3.00%3.04%
3Next 1.5 WBTC2.50%2.53%
4Above 3 WBTC1.30%1.31%

Ethereum (ETH)

TierAmount depositedAPRAPY
1No Cap4.20%4.28%


TierAmount depositedAPRAPY
1First 100k USDC9.00%9.41%
2Next 400k USDC3.00%3.04%
3Next 500k USDC0.50%0.50%
4Above 1M USDC0.10%0.10%

Tether (USDT)

TierAmount depositedAPRAPY
1First 100k USDT9.00%9.41%
2Next 400k USDT3.00%3.04%
3Next 500k USDT0.50%0.50%
4Above 1M USDT0.10%0.10%

Dai (DAI)

TierAmount depositedAPRAPY
1First 25k DAI4.00%4.07%
2Next 75k DAI2.50%2.53%
3Next 400k DAI1.50%1.51%
4Above 500k DAI0.05%0.05%

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 balanceAPYInterest earned on portion in 1 year
1 USDT to 100k USDT9.41%9,286.14 USDT
100,001 USDT to 500,000 USDT3.04%12,112.37 USDT
500,001 UST to 1M USDT0.60%509.49 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 is only 0.60% APY.

Fixed-term deposits

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 certificate of deposit (CD), 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 CDs interest, 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.

30-day term1.40%1.40%4.30%1.50%3.00%3.00%
90-day term1.60%1.60%3.15%1.75%3.50%3.50%
180-day term1.80%1.80%3.20%2.25%4.50%4.50%
270-day term2.00%2.00%3.60%2.50%5.00%5.00%
360-day term2.75%2.75%3.75%2.75%5.50%5.50%

Note: Fees indicated in the table are accurate at the time of writing, 1 June 2022.

How to earn the highest interest rates with Hodlnaut

To earn Hodlnaut’s highest interest rates, you need to maintain balances below the following thresholds:

  • 0.1 BTC or WBTC
  • Any amount of ETH
  • 100,000 USDC or USDT
  • 25,000 DAI

Fees and rates

You get one 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:

CryptocurrencyMinimum withdrawal amountWithdrawal fee
Bitcoin (BTC)> 0.0004 BTC0.0004 BTC
Dai (DAI)
> 10 DAI
10 DAI
Ethereum (ETH)> 0.0036 ETH0.0036 ETH
Tether (USDT)> 10 USDT10 USDT
Wrapped Bitcoin (WBTC)> 0.0004 WBTC0.0004 WBTC

Note: Fees indicated in the table are accurate at the time of writing, 1 June 2022.

Benefits of Hodlnaut

Here are some of the key benefits:

  • Outstanding APY. Hodlnaut offers up to 9.41% APY on stablecoin deposits. That’s significantly more than the national average for traditional savings accounts in India.
  • No minimum deposit. While many other crypto savings accounts in India 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. Crypto savings accounts such as Nexo and require you to hold a considerable amount of their respective exchange coins to earn their 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, accounts are accessible only through an app.

Drawbacks of Hodlnaut

Before applying for a Hodlnaut account in India, make sure to look out for the following caveats:

  • Interest paid weekly. Crypto savings accounts such as Nexo and Gemini 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 drops. With Hodlnaut, your APY drops if your balance exceeds 0.1 BTC, 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 to withdraw once a month for free, other crypto savings accounts let you withdraw assets as often as you’d like without any withdrawal fees.
  • 3 to 5 days to open. It can take three to five 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.

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.

But like many other crypto savings accounts, Hodlnaut isn’t insured in India. It offers optional coverage through Nexus Mutual, a decentralised alternative to traditional insurance.

However, Nexus Mutual’s service isn’t free, and it’s not insurance. It’s also discretionary — which means that it’s up to Nexus Mutual whether it pays your claim.

Costs depend on the term length you choose (30 days, 90 days or 1 year) and the value of the assets you want to protect. If you opt in for coverage, you’re protected from hacks in which you lose more than 10% of your assets. You’re also compensated if you’re unable to withdraw assets from your Hodlnaut account for more than 90 days.

Aside from the optional Nexus Mutual coverage, Hodlnaut requires two-factor authentication by default. Hodlnaut hasn’t ever been hacked at the time of writing this review.

Hodlnaut reviews and complaints

Hodlnaut earns 661 reviews on Trustpilot as of 27 May 2022, with an average 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 three to five days for approval.

  1. Go to the provider’s site and follow the steps to apply.
  2. Enter your full name and email address, create a password, agree to the terms and privacy policy and select Sign up.
  3. Read and agree to the risk warning regarding digital payment token services, then select Submit.
  4. Check your inbox for an email from Hodlnaut and verify your email address.
  5. Log in to your account, and follow the steps to activate two-factor authentication.
  6. Verify your identity and submit your application.

Hodlnaut emails you once your account is open and ready for your first deposit.


You must be at least 18 years old to open an account with an email address and mobile phone number.

Required documents

Provide personal and financial information that includes:

  • Full name and any previous legal names
  • Gender
  • Nationality
  • Country of birth
  • Date of birth
  • Details about your industry, occupation, employer and total annual income
  • Physical address
  • Phone number
  • Photo of a government-issued ID, such as a passport or Aadhaar Card
  • Proof of address, such as a government-issued document, bank statement or utility bill

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:

  • Email.
  • 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.


There’s a lot to like about Hodlnaut — namely its APY, which is significantly higher than the national average APY for traditional savings accounts. However, there are many other crypto savings accounts in India 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.

Compare Hodlnaut against other crypto savings accounts

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Name Product Mobile View Crypto Savings Yield rate Deposit fee Cryptocurrencies
Yield App
  • Interest rate

    Up to 13%
  • Deposit fee


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Earn up to 13% APY on crypto assets, with free deposits, internal transfers and no hidden fees.
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    Up to 7.5%
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Earn crypto yields, receive loans, and trade between BTC and USDC using with Ledn.
  • Interest rate

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  • Deposit fee


  • Cryptocurrencies


Up to 13.86%


Enjoy yields of up to 9.41% APY on coins like BTC, ETH, USDC, USDT, DAI and WBTC with Hodlnaut.

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Frequently asked questions

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.

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