Top Crypto Savings Accounts in June 2023.

Are you interested in investing in cryptocurrency and maximizing your return? Consider a crypto savings account, which has the potential for significant yield growth.

However, it's crucial to note that these accounts don't offer the same level of safety as traditional bank or credit union savings accounts. Before investing, it's essential to understand a crypto savings account's pros and cons and how it operates.

Once you grasp how these accounts work, you'll want to locate the best yields available. In this guide, we'll provide answers to your most pressing questions regarding crypto-based savings accounts and provide our top picks for 2023.

What Are the Best Crypto Savings Accounts?

Check out the top crypto-based savings accounts and their best advertised yields on various crypto currencies below. For more information about each company, including restrictions, consult the following details.

Note: These yields are subject to alteration at any time. Please notify us in the comments if you notice any variations.

KuCoin is a well-known cryptocurrency exchange that offers an excellent savings product called KuCoin Earn. You may earn high APYs by saving, staking, or taking advantage of promotional deals with KuCoin Earn. There are also more assets available to earn on than with most other firms on this list. Currently, you can earn 0.64% APY on USDC and 0.25% on BTC, with other assets having much higher APYs.

Read our full KuCoin review here.

Get started with KuCoin here >>

Uphold has been a reliable cryptocurrency exchange for a few years and offers excellent staking rewards for your crypto. Their platform emphasizes that "they never lend out your money," which refers to the strange occurrences that arose with various crypto savings accounts. Presently, you may earn up to 13% APY on your crypto assets, although the assets you can earn on vary.

Note: Uphold no longer supports staking for US-based customers.

Read our full Uphold review here.

Get started with Uphold here >>

Nexo is an appealing option for investors, boasting minimal lock-up periods (less than 24 hours) and third-party guarantees of its crypto assets. Nexo offers some of the highest rates on crypto currencies, with super-high yields on US dollars. Currently, you may earn up to 8% on stablecoins and 3% on Bitcoin.

The information regarding the investment required to earn the highest rates of return is unclear.

Another offer is available on the platform: a $25 BTC bonus upon opening a new account, completing advanced verification, and depositing at least $100 in supported assets. The balance must be maintained on Nexo for at least 30 days. The Earn Interest product is unavailable for new US-based customers, but existing customers can still earn and withdraw, although they cannot add more deposits into it.

Read our detailed Nexo review for further information.

Start your journey with Nexo by clicking here.

Coinbase is recognized primarily as a digital wallet but also functions as a digital crypto savings account for eligible US-based customers, where they can earn up to 2.00% APY on US Dollar Coins (USDC). Unlike other companies, Coinbase does not lend out its USDC. Instead, it provides an option to earn interest while waiting to carry out cryptocurrency trades. New customers who create an account and deposit their first $100 earn a $10 BTC bonus!

Read our comprehensive Coinbase review for more details.

Begin your savings goals with Coinbase now. offers some of the highest interest rates on the market. However, these rates apply to specific terms, and investors with lower amounts of cryptocurrency may find better yields outside of Simple daily interest is utilized to calculate earnings, and the platform pays interest on 15 traditional cryptocurrencies and 8 stablecoins. To earn the highest yields, investments need to be maintained for at least 3 months.

Our thorough review provides more insights.

Start saving with by clicking here.

YouHodler's high-yield crypto-based savings accounts come with extensive investor protection, but they are currently unavailable in the United States. They can be accessed from the UK, EU, Eastern Europe, and Asia (China, Japan, Korea). The platform allows users to withdraw their savings any time they want, but the minimum required investment is $100 USD.

Discover more about YouHodler's savings accounts in our review.

Get started with YouHodler by clicking here.

If you're interested in learning more about YouHodler, check out our comprehensive review here.

Ready to get started with YouHodler? Follow this link to begin.

Ledn is a unique crypto-lending platform that markets itself as a cryptocurrency savings account. With various interest-earning options, Ledn offers impressive rates you won't want to miss out on, such as 9.00% on USDT and 1.25% on BTC.

If you're interested in learning more about Ledn, check out our comprehensive review here.

Ready to start your journey with Ledn? Follow this link to get started.

crypto savings account: Ledn

Crypto Savings Accounts Vs. Regular Savings Accounts

Wondering how crypto-based savings accounts compare to traditional savings accounts? Here are a few key differences.

Firstly, a regular bank savings account comes with FDIC insurance that protects up to $250,000. In contrast, there is no federal insurance for a crypto-based savings account, so be aware that it carries investment risks.

In a traditional savings account, your money stays put. However, with crypto-based savings accounts, your cryptocurrency keys may be lent out to other individuals who utilize the currency for a specific duration. In return, you receive enticing interest on your lent cryptocurrency. Yield rates range from 4% to 8% or more, which is much higher than most traditional savings account rates.

Because crypto banks cannot produce a money supply, they rely on higher yields to attract investors. Investment supply and demand drive interest rates for crypto financing.

Regulation for withdrawal limits varies across different crypto savings deposit accounts, and this can make it tough to generalize. In a traditional savings account, you can withdraw money up to six times in a month penalty-free. Unfortunately, this may not hold true for all crypto savings accounts.

Lastly, you should know that certain crypto-based savings accounts do not compound the interest earned on their deposited currency. This basically means that the interest earned on the account growth does not accumulate. Rather, you must spend or trade the yielded interest to realize gains.

Find out how crypto savings accounts and crypto wallets stack up against each other. There are some significant contrasts to keep in mind.

When you have crypto in a wallet, your coin balance remains unchanged over time. However, with crypto savings accounts, your coin ownership will increase over time as long as the crypto bank remains solvent.

When you deposit crypto into a savings account, you typically forfeit access to your keys, which allows the exchange to lend your crypto to others. This is a controversial point among crypto investors, and some are uncomfortable with the idea and choose to avoid savings accounts entirely.

Crypto wallets are considered by some as a vulnerable security measure. Losing your phone could result in the loss of your entire wallet, and even if you use multi-factor authentication, you could still lose everything. In contrast, crypto banks have robust redundancies in place to secure crypto keys and offer bank-level security.

If you deposit money in a crypto savings account, you can expect to earn interest, but the yield will usually be in the chosen cryptocurrency, not US dollars. Some crypto banks offer high yields on the USDC coin, a crypto that is relatively stable at parity with the US dollar. However, sudden fluctuations in demand for the USDC could wipe out your initial deposit and returns.

Some crypto savings accounts do not require any cryptocurrency ownership and allow investors to deposit US dollars and receive dollar interest on their investment. However, these accounts still have the same risks as other crypto accounts because they are exposed to the volatile cryptocurrency market.

At the end of the day, cryptocurrencies have a risk profile that government-backed money does not. While there is the possibility of high returns, it is not guaranteed. If you already own cryptocurrency or want to own it, crypto savings accounts offer some value.

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