How to Earn Interest on Bitcoin?

It seems that every year, more and more people start investing in cryptocurrencies. They look at it as an additional source of income. That’s why many people ask, “Does Bitcoin gain interest and how can I earn interest on Bitcoin?” We’re here to tell you that with a crypto interest account and lending platforms, it’s possible to earn interest on crypto currencies.

But how do these lending platforms work? And which should you use to earn Bitcoin Interest? You’ll find out precisely that and much more in this article.

What Is Bitcoin Interest?

Bitcoin Interest resulted from the bitcoin hard-fork blockchain. The transaction was decentralized as it happened between two peers, without the government being included in the process.

The aim of this hard-fork blockchain transaction was to allow cryptocurrency users to earn interest on Bitcoin. When more stakers are involved, the interest generated is higher.

The three main aspects of the Bitcoin Interest project are technology, community, and savings. Obviously, without technology and community, it would be impossible to earn interest on crypto. However, a savings feature attracts people the most because it’s a relatively new addition to Bitcoin.

Bitcoin users can generate coins in two different ways. Miners who are responsible for the network get a higher reward. A part of every block reaches the interest pool, with the interest rewards starting at 1.08 Bitcoin. As more blocks are sent to the network, this reward will be half its value.

The interesting thing is that Bitcoin Interest doesn’t have fixed rates. Generally speaking, it depends on two things: the user and how many coins they park. If you’re familiar with the rewarding system in a proof-of-stake concept, you’ll find similarities with the crypto interest project.

It’s worth noting that there are two interest options: the weekly and monthly cycles. The weekly interest pool gathers 30% of the reward, while the monthly interest pool collects 70% of each block.

Although most miners might not be excited about such an opportunity at first, they should know that keeping coins for longer periods is a better solution.

What Is Crypto Lending?

The crypto lending process involves lending crypto assets for a period of time. In this process, a borrower and a lender are involved. Besides them, there’s a third-party too – a lending platform. Lenders can specify different terms under which they’ll lend their crypto assets.

But keep in mind this varies from one lending platform to another. For example, some of them will let you choose the loan duration, while others will let you set the interest rate.

How Does Crypto Lending Work?

Each of the lending platforms available has slightly different steps. However, some things are generally the same. The borrower first needs to register at the lending platform and state the sum they need. This platform will automatically determine how much crypto is necessary as collateral, which the borrower deposits.

After that, they need to apply for the loan and wait before it’s approved. Finally, the platform will transfer assets to the crypto interest account of the borrower.

Where Can You Earn Bitcoin Interest?

There are many different services that enable users to earn interest on crypto. Each of these lending platforms has its advantages and disadvantages. But those who are serious about earning Bitcoin Interest should explore their options to find the one that suits them the best.

Before we explore these platforms, it’s a good idea to tell you how they operate. In a nutshell, these services enable borrowers to ask for assets by deposing their currency. Once the loan is approved and they get it, the lenders can utilize the platform to earn interest on Bitcoin.

Although we’re talking about cryptocurrencies, crypto users shouldn’t take these investments lightly. As with any type of investment, the outcome can turn out to be either positive or negative.

Now that you know where you can earn Bitcoin Interest in general, it’s time to explore different lending platforms.


BlockFi is a US-based digital asset company. Although relatively new, the company has made its mark as a lending platform because of the rates it offers.

In the main, their rates are some of the best crypto rates users can find. They offer interest of 8.6% to users who deposit their crypto assets.

Furthermore, BlockFi is one of the most user-friendly lending platforms. All they’ve got to do is register on the interest bearing Bitcoin account to deposit their crypto assets. The platform has a website and a mobile app, so you can check out updates at any point.

BlockFi collaborates with Gemini like many other lending platforms to store your assets safely. Gemini is a trusted crypto custodian that hasn’t been a hacker victim so far.

But what if your Bitcoin savings wallet doesn’t have vast amounts of cryptocurrencies? Can you use this platform to deposit assets? Luckily, even if you’re a beginner without much crypto money, you can use BlockFi to stake assets. Such features open many opportunities for those just starting to explore the Bitcoin eco-system.

But keep in mind if you deposit more than five Bitcoin, the rate might decrease to 3.2%. It’s also worth noting that BlockFi doesn’t operate with all cryptocurrencies, only these:

  • Bitcoin
  • Ethereum
  • Litecoin
  • USD Coin
  • Gemini Dollar
  • Pax Crypto


MakerDao is actually the first DeFi’s project to gather crypto assets worth $1 billion. The platform may be slightly more complex than BlockFi. Here’s how lending goes: Traders deposit Ethereum and, in turn, mint DAI stablecoin. The value of this currency tries to be as close to one dollar as possible. The minimum rate is 150%, but MakerDao recommends its users not to go below 300%.

This reduces the chance of traders suffering because loans were closed out. The MakerDao rate can fluctuate significantly. Right now, it’s 0%, which is fantastic news for borrowers. However, there were times when it went as high as 20%.

Investors should know they can stake Dai crypto at a rate of 0%.


Based in Estonia, CoinLoan is another popular lending platform licensed in Europe and regulated. Here’s how it works:

Lenders first need to stake their stablecoins, while borrowers do the same with their crypto assets. Doing so enables them to secure a loan. Once there’s a match between these parties, CoinLoan issues a smart contract, ensuring the borrower pays everything on time.

When the borrower pays out, the lender gets the principal return and enjoys interest rates they can see in the interest bearing Bitcoin account. The great thing about this platform is that it doesn’t charge for depositing or withdrawing.

It also gives lenders and borrowers more flexibility to select the right interest rate, loan amount, or the loan period.


Nexo is probably the largest and most popular lending platform. As such, it’s a fully insured company, which is its most significant advantage.

The borrowers can expect a rate of 5.9%, while the saving rate is 10%. This feature is attractive for many investors, as Nexo offers rates significantly higher than most traditional financial institutions.

Nexo users can expect to see interest rates in their Bitcoin interest account every day. Such an option allows savings to grow even more.

Celsius Network

Celsius Network is a UK-based crypto lending platform characterized by different Crypto-backed loans. Its advantage over other similar services is the variety of crypto assets it supports. Here’s a list of some of them:

  • Bitcoin
  • Litecoin
  • OmiseGo
  • Ethereum
  • Stellar
  • CEL Token
  • Dash

Another interesting feature is that users don’t need to worry about the minimum deposit required. They can stake any amount they want and withdraw it at any point without paying additional fees.

Lenders will be thrilled to know they can earn up to 10% with this platform. As always, these rates might change depending on the needs of the market.


Bankera is another lending platform that might ring a bell with crypto maniacs out there. If you’re someone who needs a relatively small loan, this platform might be your choice. A 75% loan-to-value ratio that generally carries less lending risk is another attractive feature of this service.

The annual percentage rate is around 6.95%, but it can be higher. European borrowers should know it’s possible to get loans in euros. It’s one of the few similar services that offers such micro-loans. Besides allowing users to withdraw loans in euros, Bankera uses these cryptocurrencies too:

  • Bitcoin
  • Ethereum
  • NEM
  • Dash
  • Tether
  • Bankera token

Interestingly, Bankera users can earn 10% from loan fees from the referral program available in multiple countries. Bankera clients can utilize social media or blogs to promote this program.

SpectroCoin is the custodian of this platform, and it safely stores all Bankera assets in offline storage space. Bankera users advanced security measures to ensure their users are safe from hacker attacks.

Earn Bitcoin Interest From Reliable Lending Platforms

We’ve finally answered the popular question many crypto users wonder – does Bitcoin gain interest? Cryptocurrency investors with a Bitcoin interest account or other similar account can grow their assets and have an additional source of income. But it’s important to find a lending platform that works for you.

The main goal of such services is to let borrowers get loans and pay lenders good interest rates. We hope you found all information useful and that there’s already a platform you’re considering.