These are a selection of popular providers. Learn Crypto doesn’t endorse any of them. They all have active communities on Reddit, Twitter and Medium where we encourage you to DYOR if you consider using any of them.
Their interest rates are likely to be the biggest differentiator but be aware that some rates are offered as a way to attract customers, rather than reflecting the level of demand to borrow. There have been cases across numerous providers where rates have been reduced significantly and at short notice.
Nexo.io – Offers crypto interest and loans on 18 cryptocurrencies and main fiat currencies. Access a credit line in fiat or Stablecoin. Has a platform token (Nexo) which you can stake for preferential rates, and is paid out as a dividend to Nexo holders/users. A Nexo card is coming soon where you can spend your credit line and get cashback in Nexo tokens. Features a built-in exchange to convert or buy crypto.
Crypto.com – Offers interest on crypto deposits through soft staking (no fixed terms) or hard staking (180 day term). You can borrow against your crypto getting a credit line as a Stablecoin, and get a Visa pre-paid card offering cashback and perks (Netlfix, Spotify, Airport Lounge Access) depending on how much of their Token Platform (CRO) you are prepared to stake. Hard Staking gives access to features such as the Syndicate (buy from a pool of a given crypto at a discounted rate) or Supercharger, where you deposit CRO and earn extra interest in a given crypto. CEFI is managed via an App but is part of a wide array of Crypto.com products including an Exchange, NFT Platform and DEFI Wallet.
Celsius – Offers crypto deposits and loans with preferential rates for interest earned/paid in CEL (their Platform Token). Doesn’t offer an Exchange service or pre-paid card right now. CEFI services managed via an App.
BlockFi – Part of the Gemini Group founded by the Winklevoss twins. Offers crypto interest and loans but unlike the providers above, doesn’t use a token model. Has a waiting list for a crypto rewards Visa card and offers an exchange service for converting or buying crypto.
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