Hodlnaut Review 2022 : Is It Best Crypto Investment Platform? (Features, Pricing)

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Investing in cryptocurrencies like Bitcoin can be a roller coaster ride. Due to the inherent large price swings, investors may find themselves trading below their average cost basis for a period of time. And the cryptocurrency investment is dormant until the price rises above that cost basis.

Even if stock prices are falling, you can still earn dividend income. And, with real estate investing, your tenant pays the same rent no matter how much the value of your property fluctuates from month to month.

Is there a similar way to earn money from cryptocurrency holdings? It turns out that the answer is yes, thanks to the use of cryptocurrency savings accounts provided by companies such as Hodlnaut.

Why do you need a Crypto savings account?

Previously, crypto investors planning to hold assets for many years used to keep their cryptocurrencies safely locked up in some kind of hardware wallet or just kept it idle on a recognized cryptocurrency exchange, but that is no longer the case.

Hodlnaut was founded as a platform for lending and borrowing cryptocurrency, allowing investors to earn interest and defy the norms by using cryptocurrency assets such as savings accounts.

As a result, cryptocurrency savings accounts pay as much as or more interest on crypto deposits than traditional banks do on fiat currency deposits. All of the key aspects of these exchanges are covered in this Hodlnaut review, helping traders to accept the platform as a dependable cryptocurrency savings scheme.

What Is Hodlnaut?

Hodlnaut, based in Singapore, is one of the most reliable crypto lending platforms in the market right now. It enables investors holding cryptocurrency assets on Hodlnaut to lend their stablecoins and cryptocurrencies in exchange for high-interest rates.

The platform supports six lendable crypto coins, including Bitcoin (BTC), Ethereum (ETH), and Wrapped Bitcoin (WBTC), as well as stablecoins such as USD Coin (USDC), Tether (USDT), and DAI (DAI).

Hodlnaut is available in almost every country, including the United States. Interest on cryptocurrency holdings is calculated automatically based on the cryptocurrency that a user has in his account. Every Monday, the interest is paid out. Hodlnaut also has a mobile app for iOS and Android users.

Hodlnaut review

Features & Functions

Hodlnaut review provides its clients with the following core features:

  • Lending services for popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Tether (USDT), and Dai (DAI).
  • Receive weekly payouts every Monday at 5 p.m. (GMT 8+).
  • The interest rate of a Hodlnaut loan is determined by the current conditions of the market (demand) and the previous month’s earnings.
  • The interest is paid in the same crypto coins that the users deposit.
  • There is no lock-in period or minimum deposit, users may withdraw funds whenever they want.
  • Customers can enter the relevant crypto asset and the number of days on the Hodlnaut website to calculate the interest they will receive.
  • The Nexus Mutual Custody Cover is a one-of-a-kind insurance policy offered by the platform.

What Do They Offer?

Hodlnaut offers a return on cryptocurrency deposits. These deposits are loaned to cryptocurrency traders as margins. There is no requirement for a minimum deposit, and funds can be withdrawn at any time. The loans/margins are referred to as cryptocurrency loans.

Hodlnaut accepts and pays interest on the following deposits:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Dai (DAI)
  • USD Coin (USDC)
  • Tether (USDT)
  • Wrapped Bitcoin (WBTC)

Interest Rates

Hodlnaut’s annual compounded interest rates range from 1.0% to 12.73%. The crypto loans do not require a minimum deposit, and users can withdraw their funds at any time. In terms of compound interest rates, it offers the following annual interest rates (APY) on its supported crypto assets or digital assets:

  • Bitcoin (BTC): 1.00% to 7.46%
  • Ethereum (ETH): 2.02% to 7.46%
  • Dai (DAI): 2.02% to 8.32%
  • USD Coin (USDC): 2.84% to 12.73%
  • Tether (USDT): 3.04% to 12.73%
  • Wrapped Bitcoin (WBTC): 1.00% to 7.46%

Users can also earn interest on a daily basis, with the total amount credited to their accounts every Monday. Aside from that, if you want to learn more about Bitcoin loans and how they work, you can do so by clicking here.

Interest Rates

Opening an account on Hodlnaut

Hodlnaut operates in a simple and straightforward manner. Users only need to open an account on the platform, deposit their preferred crypto coins, and it will begin generating weekly crypto interest dividends automatically.

The platform’s sign-up process is extremely simple. To open an account, users simply need to go to the platform’s official website.

Users must complete the KYC (know your customer) verification process in order to access all of the platform’s account creation features.

To create an account, go to the Hodlnaut website. To access all account features, users must complete KYC (know your customer) verification, just like on other cryptocurrency exchanges. Readers of The College Investor can also get up to $20 free when they open a new Holdnaut account and deposit at least $1,000.

Transferring crypto into Hodlnaut?

Below, I will outline the steps to safely deposit your valuable crypto assets into Hodlnaut.

  • Set up a cryptocurrency exchange account (to buy/sell) + Hodlnaut (Savings account)
  • Purchase your cryptocurrency on an exchange (I use Gemini Active Trader because each buy/sell transaction costs 0.35 percent and Gemini offers 10 free crypto-crypto transfers per month).
  • Transfer the cryptocurrency using the blockchain (Copy&Paste the address for transfers between the exchange and Hodlnaut)
  • Wait for your cryptocurrency to be deposited, and congratulations on earning daily compound interest!

Withdrawing from Hodlnaut

The withdrawal procedure is straightforward. To withdraw funds from the Hodlnaut account, users must first select their preferred cryptocurrency from the drop-down box located in the upper left-hand corner of the website. If the wallet address has already been entered, users can simply select the coins they want to withdraw.

Otherwise, they must manually enter the recipient’s name, wallet address to which they want to send the money, and amount to withdraw.

To withdraw from Hodlnaut, you must basically reverse engineer the process by which you deposited your cryptocurrency in the first place.

  • Go to withdraw and select the cryptocurrency you want to withdraw.
  • After that, simply copy and paste your address from the exchange into which you are withdrawing. Check the address again and confirm the withdrawal.
  • Your cryptocurrency should be delivered to your new address in no time.

Please keep in mind that withdrawals are processed daily at 5 p.m. Singapore time.

Hodlnaut Interest Account

Hodlnaut Interest Account allows users to earn interest on their cryptocurrency holdings. The company’s distinguishing feature is that it lends out its deposited assets to established financial institutions that pay extremely high-interest rates.

The Hodlnaut exchange lends its assets to decentralized protocols as well. For this purpose, the platform keeps a small portion of the interest earned from lending before distributing the remainder to its users.

interest account

The platform also tailors the loans to the various needs of its clients. Hodlnaut currently accepts BTC, ETH, USDC, DAI, and USDT for the Hodlnaut Interest Account (HIA). 

Furthermore, the platform offers a one-of-a-kind interest calculator on its homepage to assist users in calculating how much interest they can earn on the HIA (Hodlnaut Interest Account) when they ‘HODL‘ their crypto coins for a set period of time.

Hodlnaut Affiliate Program

Hodlnaut has an affiliate program, which can be found under the Affiliate tab. It allows users to earn 10% of their friends’ interest when they refer Hodlnaut to their friends.

Furthermore, the person who clicks on the Hodlnaut link receives a free bonus of US$20 when they make their first deposit of $1000, or the equivalent.

affiliate program

Highlights:

  • For each successful referral, you will earn 10% of your friend’s interest as a commission*.
  • Receive in-kind and weekly payments into your Hodlnaut account.
  • There is no limit to the number of referrals that can be made.
  • Referrals can be tracked directly from your Hodlnaut Referral dashboard.

How does it work?

  • Sign up for a Hodlnaut Interest Account, and then log in to your Hodlnaut dashboard once verified.
  • On the top right, click the Referral tab and then copy your unique referral link.
  • Share the link with your friends and encourage them to create an account with Hodlnaut.
  • You can keep track of your referral progress and how many referral rewards you’ve received.

Hodlnaut Token Swap

Hodlnaut Token Swap enables users to seamlessly swap between any of the supported assets at no cost. With our Hodlnaut website and mobile applications, you can manage your portfolio and rebalance asset holdings at any time and from any location.

You can literally exchange supported crypto-assets for free. The price we quote is a firm price that is only valid for 30 seconds.

You can also use the module to keep track of your portfolio holdings and manage your crypto assets based on market opportunities. On the same day that you execute your swap order, you can begin earning interest on your crypto assets.

Learn more about our market-leading interest rates by clicking here. To increase the success rate of token swaps in a volatile market, their Token Swap includes a Market Order Execution feature that fills the token swap order instantly.

token swap

How does Token Swap Work?

Hodlnaut allows you to instantly execute trades between any of the supported assets. Without ever leaving the Hodlnaut platform, you can manage your portfolio and rebalance your asset holdings. 

  • Log in to your Hodlnaut account
  • Choose the token you would like to trade
  • Review the quote
  • Place your order

 

Hodlnaut Loans

The Platform offers the following loans to its users:

Fixed Term Loan 

Individuals are not eligible for VIP fixed-term loans, which are only available to institutional and corporate users on the platform. The Hodlnaut fixed deposit account allows users to earn the highest interest rates while depositing cryptocurrency assets for a set period of time.

The Hodlnaut fixed-term loan is similar to a traditional bank fixed-term loan in that customers can deposit their crypto assets with Hodlnaut for a set period of time instead of cash, attracting a much higher yield.

Customers must make a minimum deposit of 100 BTC or its equivalent in ETH, Tether, DAI, or USDC, and the minimum lock-in period is one month. Institutional investors or businesses that choose the Hodlnaut Fixed-Term loan will be assigned a dedicated manager who will manage their account on their behalf.

fixed term loan

Institutional Loans Features

It also offers institutional loans, which are cryptocurrency loans given to well-established financial institutions. These institutional loans can be used by cryptocurrency investors for business purposes or to diversify their crypto portfolios.

Furthermore, the structure of these asset loans is rather complex, and the terms and conditions vary depending on the lender.

The platform provides the following institutional loan features:

  • The minimum amount borrowed is USD 50,000.
  • The loan-to-value ratio starts at 25% and can go as high as 100%.
  • Users can choose between open terms and terms of at least three months.
  • The best market rates.
  • There are no hidden costs.
  • It serves as a counterparty for all institutional loans offered by Hodlnaut. 

Privacy & Security

To protect its clients’ assets and information, Hodlnaut employs top-tier industry-standard encryption measures and other safety regulations. Hodlnaut also requires users to set up 2FA before withdrawing from the platform, which protects customers’ accounts from unauthorized withdrawals.

Furthermore, Hodlnaut’s primary custodian is Fireblocks, a leading provider of digital asset custody solutions that employs a variety of high-tech security methods to safeguard clients’ assets.

As a result, Fireblocks invests in a mix of offline cold storage and online hot wallets, which means that no deposits are ever stored in the same place at the same time.

Hodlnaut also allows its users to purchase insurance on their cryptocurrency holdings through a strategic partnership with Nexus Mutual, a European company. Hodlnaut’s insurance coverage with Nexus is $22 million.

Customer Service

Hodlnaut can only be reached via email at [email protected] or live chat on their website. If you live in the United States, you may have to wait a little longer for a response because Holdnaut’s business hours are Singapore Time, Monday through Friday, 10:00 a.m. to 7:00 p.m.

Almost every month, the team actively engages with the community, solicits user feedback, and implements it. So, expect the user experience to become even easier and better over time!

customer support

Customers who can’t find what they’re looking for on the Hodlnaut website can contact the customer service/support team via live chat, email, or Telegram. 

For more information, there is also a dedicated FAQ page to assist users in troubleshooting issues such as account setup or 2FA (two-factor authentication security).

Why do we like Hodlnaut?

Hodlnaut offers a dependable way for cryptocurrency buyers and holders to earn interest on their holdings. This is analogous to owning dividend-paying stock.

Long-term investors can earn interest by lending their cryptocurrency holdings to margin traders. Long-term cryptocurrency investors can do well with Hodlnaut assuming no problems arise.

Easy to use

I had no issues with stability while using Hodlnaut, even during turbulent times, and I was able to deposit and withdraw my cryptocurrency with ease. The app is so simple to use that even children can use it, so congratulations to the team!

Before proceeding, you should read my review of Hodlnaut here for a more in-depth analysis. Over the last four months, I’ve received weekly payouts and earned four-digit passive income from my interest accrual. What is the current value of a savings account?

Hodlnaut Team takes the Community seriously

One thing that makes me optimistic about Hodlnaut is that they are extremely receptive to community feedback and are constantly striving to think from the perspective of the customer in order to provide a top-tier security crypto platform with market-beating products that benefit the users.

Some of the amazing things they did between June when I first introduced it, and now are as follows:

  • Reducing withdrawal fees
  • Preferred Interest Payout was introduced (Pay you the crypto of your choice)
  • Nexus Mutual Insurance Purchase Access via In-App Purchase
  • The implementation of tier-ed interest and an increase in the base interest rate
  • Their iOS App In-App Token Swap Feature was released.

The team is very dedicated to improving their platform, so I am very humbled to have introduced this awesome app to so many crypto users, and thank you from the bottom of my heart to those who used my referral link!

customer review

Advanced Referral Program

They are currently offering a new referral program for new Hodlnaut users that will run from September 20, 2021, to October 22, 2021, and you can earn up to 1040 USDC for doing so! The referral will work as follows:

  • Tier 1: Earn a one-time bonus of 40 USDC for the first active user you refer. 
  • Tier 2: For every additional active user that is referred after the first user, the referrer will get 20 USDC per new user.

There is also a criterion for what constitutes an active user, which is highlighted here:

  • New users must register on Hodlnaut’s website or mobile app.
  • When creating a new account, users must use the unique referral link.
  • Users must submit their KYC verification and ensure that it is approved.

Deposit at least US$1000 is supported crypto assets in a single transaction as their first deposit, or within one week of the first deposit.

You will not only receive the bonus USDC rewards, but you will also receive a 10% perpetual commission on your referees’ interest on top of the above bonuses, at no cost to the new user and simply as an incentive from Hodlnaut for introducing new users to the platform.

Android App coming soon!

There will be an upcoming Android App launch for those who use Android smartphones, which will make your Hodlnaut experience even more enjoyable. Currently, only the iOS app is available, but the Android version will be available on Google Playstore soon! So, Android users, stay tuned!

Quick Link

Final Thoughts: Is Hodlnaut Worth It?

Hodlnaut appears to be a safe platform for lending and borrowing cryptocurrency encouraging customers to lend their crypto holdings and earn high APY instead of storing them in a crypto wallet until the right opportunity arises.

With over $250 million in AUM (assets under management) and a month-on-month growth rate of more than 20%, Hodlnaut is currently one of the fastest-growing companies. The app is straightforward and easy to use. To believe it, you must try it for yourself.

Andy Thompson

Andy Thompson has been a freelance writer for a long while. She is a senior SEO and content marketing analyst at Digiexe, a digital marketing marketing agency specializing in content and data-driven SEO. She has more than seven years of experience in digital marketing & affiliate marketing too. She likes sharing her knowledge in a wide range of domains ranging from ecommerce, startups, social media marketing, make money online, affiliate marketing to human capital management, and much more. She has been writing for several authoritative SEO, Make Money Online & digital marketing blogs like : ImageStation, Newsmartwave, & Experthoot

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