Where to Earn the Highest Interest Rates on Bitcoin (BTC)

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Contributor, Benzinga
September 23, 2021

The competition among exchanges is heating up as participation in the cryptocurrency market continues apace. As investors increasingly search for the next altcoin gem, trading platforms are battling for the right to hold your crypto

As top exchanges fight for your attention, their offers for interest have increased dramatically. And as Bitcoin (BTC) prepares for its next move, savvy investors are looking for the highest returns on their coveted Satoshis. 

But how does earning interest on crypto work, anyway? And what are the risks involved? This guide will show you, step by step, how to earn a great return on Bitcoin. 

Disclosure: ²Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts

How Does Earning Interest on Crypto Work?

Earning interest on crypto works a lot like earning interest on fiat. When you store your assets on an exchange, you provide necessary liquidity for the platform. And in return, customers are  offered a rate of interest. 

A number of exchanges are now offering fantastic rates for your Bitcoin. And while new offers are introduced to the public nearly every day, this article compares the best rates the industry has to offer.

Crypto.com Overview

Crypto.com takes top honors with the best interest rates offered on Bitcoin. But this popular crypto exchange doesn’t stop there. With over 40 cryptocurrencies to choose from, Crypto.com’s Crypto Earn program offers as much as 14.5% interest on your digital assets.

From Bitcoin and Ethereum (ETH) to a number of popular stablecoins, Crypto.com’s diverse selection has helped the platform become the industry’s fastest growing exchange. And with incredible rates like this, it’s easy to see why.

Crypto.com: 8.5% Interest on Bitcoin

Crypto.com is offering 8.5% interest on Bitcoin held with the exchange. But it isn’t the only platform with an interest earning program. Make sure you check the products and offerings on your favorite exchange before making the switch. 

When compared with other industry leaders, Crypto.com offers the highest yields on Bitcoin — and a number of other cryptocurrencies, too. The following table compares 5 of the top interest rates available on Crypto.com.

Bitcoin (BTC)8.5%
Ethereum (ETH)8.5%
Polygon (MATIC)12%
Polkadot (DOT)12.5%
USD Coin (USDC)14%

How to Earn Interest on Bitcoin

Earning interest on Bitcoin doesn’t have to be any more complicated than earning interest on any other cryptocurrency. When you’ve settled on the exchange you’re most comfortable with, follow these easy steps to start passively earning Bitcoin: 

Step 1: Open an online account.

The first step to earning interest on Bitcoin is opening an account on your chosen exchange. Enter your email into the field when prompted. Make a strong password and store it for future reference. 

Before you can trade, your account will need to be verified by the exchange. The typical Know Your Customer (KYC) process involves uploading pictures of your identification along with a selfie. When you’ve been granted access to the platform, you’re ready for step 2.

Step 2: Purchase cryptocurrency.

The next step to earn interest on your Bitcoin is to purchase it on the exchange you’ve just signed up for. But to accomplish this feat, you’ll need to connect your bank account. 

Be prepared to wait; the ACH process can take a few days, depending on your bank’s policies. Congratulations! With your account connected, you’re ready to earn interest on your Bitcoin.

Step 3: Earn interest on your crypto.

On Crypto.com, you can start earning interest instantly by depositing your crypto on Crypto Earn. There are flexible 1- and 3-month holding terms available, with varying interest rates for each. And while anyone with an account can take advantage of these terrific offerings, the best rates are reserved for participants that have also staked Crypto.com Coin (CRO).

Interest accrues daily and is paid out each week. Minimums and maximums apply, and they vary based on which cryptocurrencies are held on Crypto Earn. Luckily, Crypto.com has made all of this information available on its website.

Here’s a tip: You can also earn interest through Crypto.com’s decentralized finance (DeFi) wallet. With no lock-up period and great returns, staking for interest has never been easier. 

Other Platforms to Earn Interest on Bitcoin

Remember, Crypto.com isn’t the only exchange with fantastic rewards. There are a growing number of platforms ready to help you earn interest on your Bitcoin. 

Other reputable exchanges with high yield offerings include BlockFi and Gemini. Each of these top-tier trading platforms are available for U.S. consumers and offer state-of-the-art security to protect your assets.

Risks of Earning Interest on Crypto

Before making any decisions with your money, make sure you understand the risks involved. Earning interest on crypto is no exception. Without checking the terms and conditions of an exchange, your holdings could be subject to any number of provisions preventing you from withdrawing your crypto in a timely fashion.

It's also important to remember that digital currencies held on an exchange aren’t treated the same as bank deposits. Because crypto is not considered legal tender, your assets are not insured by the FDIC or any other governmental body. 

Finally, regulatory changes regarding interest bearing cryptocurrency accounts may adversely affect the performance and availability of these nascent programs. In a changing political landscape, crypto interest accounts face an uncertain future. 

Is Earning Interest on Cryptocurrency Worth It?

Demand for interest bearing cryptocurrency accounts has skyrocketed. For many traders, the rewards and passive earning opportunities offered by today’s crypto trading platforms are just too good to pass by. And as participation heats up in the altcoin market, the competition for your business may increase interest rates further in the months ahead. 

Still, investing in the cryptocurrency market carries its own set of risks and rewards. And the decision to participate in any cryptocurrency transaction is a personal one. Positioning your assets according to your own comfort level is a great way to manage a secure portfolio.

Frequently Asked Questions


Can you make money by staking crypto?


Yes, you will earn interest on your crypto deposits, but this may not be the best invest plan for you. Choose wisely when investing with and staking your crypto.


Is staking crypto safe?


Staking crypto is safe, but you should research the platform you use to ensure that you feel secure when depositing your crypto assets.

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