Centralized earning platforms

Crypto.com

Crypto.com is a user-friendly platform that offers some of the best rates in the industry. An assortment of crypto tokens are supported, with interest paid weekly in the staked asset. Annualized rates of 1.5%, 3% and 4.5% are offered on cryptos locked on a flexible, one-month, or three-month basis, while supported stablecoins offer respective rates of 6%, 8% and 10%. Earning crypto interest is even more profitable when users stake the platform’s native CRO token.

Binance

One of the world’s leading digital asset exchanges, Binance offers a suite of yield-bearing financial products with attractive interest rates. APY varies depending on the risk profile of the product, with Flexible Savings accounts ranging from 1.2% (BTC) to 6.5% (1INCH) and Locked Savings on stablecoins offering 7% over a 90-day staking period.

BlockFi

With a BlockFi Interest Account, users can earn up to 9.3% APY (on USDT), with interest accruing daily and paid on a monthly basis. The platform also offers 8.6% on GUSD, PAX and USDC, 5.25% on ETH, and 6% on BTC. Interestingly, users get to decide which cryptocurrency they want to receive their interest payments in: bitcoin, ether or stablecoin.

Celsius

Fronted by an outspoken CEO in Alex Mashinsky, Celsius offer crypto loans and interest but differentiate themselves by ploughing returns back to their community. They recently raised more investment capital which valued the platform at over $3bn, having distributed $250million in interest to users. You can earn interest on a wide range of coins including up to 13.3% on Tether, 6.2% on Bitcoin and 6.35% on Ethereum.