Best BTC (Bitcoin) Interest Rates to Earn Yield | Apr 2023

Compare the best BTC (Bitcoin) interest rates and withdrawal fees of Apr 2023, from the top crypto interest accounts. Comparison of the best CeFi platforms to earn on BTC, so you can maximize your Bitcoin APY / APR, and earn yield.

Abra non-accredited investors in the US can no longer earn interest on new deposits; pre-existing deposits can continue to earn interest

Abra non-accredited investors in the US can no longer earn interest on new deposits; pre-existing deposits can continue to earn interest

max total assets that can earn interest is $500,000 (up to $2,000,000 based on how much CRO staked); unavailable in NY

max total assets that can earn interest is $500,000 (up to $2,000,000 based on how much CRO staked); unavailable in NY

3.50% (1.50% in kind + 2% in CRO) APR, on first $3,000 of total assets in fixed terms highest rate requires locking asset for 3 months, and staking (holding for 6 months) $40,000 worth of CRO

Some content may contain affiliate links, meaning that for referring you, we may receive a commission. This is at no cost to you, and may provide you with a bonus / discount as part of the referral offer.

Best BTC Interest Rates

The table above compares the best BTC interest rates. As you’ll notice, there are base rates and max rates. Since the max rates often have certain requirements, such as locking the asset for a fixed amount of time, the best Bitcoin interest rate will depend on your willingness to fulfill any of those requirements.

For example, platform A might have a higher base rate than platform B, but platform B can offer a higher max rate if you lock your BTC for one month. So the best BTC interest rate would depend on your willingness to lock the asset.

Where To Earn the Highest BTC Yield

The max APY column will show where you can earn the highest BTC yield, depending on your willingness to fulfill any requirements specified. Some platforms also have tiers, as specified, so you may only be able earn the highest BTC interest rate on the first X amount of BTC .

In addition, there is a toggle above the table where you can change the location between United States and International. The platforms and Bitcoin rates may change for US vs non-US. The table also includes other details relevant to determining the highest BTC interest rates, such as pointing out when a platform is unavailable in a specific US state.

Best BTC APY / Best BTC APR

The table shows BTC rates in APY (Annual Percentage Yield) by default. However, some platforms advertise their rates in APR (Annual Percentage Rate), so the table will specify when rates are in APR. APY takes into account compound interest, while APR does not. If a platform has BTC rates in APR, you can use tools like this to convert BTC APR to BTC APY.

Best BTC Staking Rates / Best BTC Lending Rates

For earning yield, staking BTC is sometimes used interchangeably with lending BTC . So those looking for the best BTC staking rates to earn interest might be looking for the best BTC lending rates to earn interest. With the CeFi platforms covered here, you are lending your BTC to centralized entities, as a way to earn yield on BTC .

How To Earn Interest on BTC

To earn interest on BTC , an individual would create an account, then there is usually a KYC (Know Your Customer) process to verify your identity. From there, you can often just deposit BTC to start earning interest. To earn the highest BTC APY, as shown in the max APY column, there are sometimes other requirements, as specified in the table.

Why Earn BTC Interest

The high yield offered by BTC interest accounts is likely the main reason an individual would want to earn BTC interest, rather than letting it sit idle.

However, there is always risk that you lose some or all of your assets. For example, a CeFi platform could halt withdrawals on the coins you deposited. Do your own research to make sure you understand all the risks of any particular cryptocurrency, or platform holding your crypto. No cryptocurrency or platform is without risk.

Best BTC Interest Account / Best BTC Savings Account

CeFi platforms are sometimes referred to as crypto interest accounts or crypto savings accounts (though very different from traditional bank accounts). The best BTC interest account / best BTC savings account might vary based on an individual’s preferences and situation.

For instance, some platforms have tiers, so what might be ideal for one person, might be less ideal for someone with a much higher amount of BTC . You also wouldn’t want to use a platform that you believe is too risky, even if everything else seems ideal.