CeFi | Passive Lending Rates Compared
Crypto Lending Platforms are a convenient way for people the receive some passive earnings on their crypto earnings. The combination of crypto price growth and these platforms becoming more popular made it inevitable that the rates are going down. This is a comparison between what different platforms are offering.
There 4 platforms that are considered the biggest which I'm also using myself are (BlockFi | Celsius | Nexo | Crypto.com). Some of them give better rates for users that hold or stake their own coin, others have better rates for smaller deposits or require the funds to be locked up. In this comparison, I go with rates for smaller users without the platform coin to be held not looking at if coins need to be locked for a certain time and I stick to the bigger crypto.
| BlockFi | Celsius | Nexo | Crypto.com | |
|---|---|---|---|---|
| USD Tether | 9,30% | 10,00% | 8,00% | 10,00% |
| Bitcoin (BTC) | 5,00% | 3,51% | 4,00% | 4,50% |
| Ethereum (ETH) | 4.50% | 5,05% | 4,00% | 4,50% |
| Litecoin (LTC) | 5,50% | 4,08% | 4,00% | 2,00% |
| Chainlink (LINK) | 4.50% | 3.00% | 4,00% | 2,00% |
| EOS (EOS) | - | 4,45% | 4,00% | 2,00% |
| Bitcoin Cash (BCH) | - | 4,51% | 4,00% | 2,00% |
| Ripple (XRP) | - | 2.50% | 4.00% | 2.00% |
| Stellar (XLM) | - | 3,10% | 4.00% | 2.00% |
| OmiseGO (OMG) | - | 3,11% | - | 2.00% |
| Polkadot (DOT) | - | 8.86% | - | 2.00% |
| Basic Atention Token (BAT) | - | 3.51% | - | 2.00% |
| Kyber Network (KNC) | - | 2,53% | - | 2.00% |
| Decentraland (MANA) | - | 2.02% | - | 2.00% |
| Compound (COMP) | - | 4.60% | - | 2.00% |
| Bancor (BNT) | - | 5.50% | - | 2.00% |
| Binance Coin (BNB) | - | - | 4,00% | 2,00% |
| Aave (AAVE)) | - | 5.92% | - | - |
| Dash (DASH) | - | 5,50% | - | - |
| Polygon (MATIC) | - | 13.99% | - | - |
| Synthetix Network Token (SNT) | - | 13.99% | - | - |
| Uma (UMA) | - | 4.51% | - | - |
| Uniswap (UNI) | - | 2,50% | - | - |
| 0x (ZRX) | - | 3,51% | - | - |
| Bitcoin SV (BSV) | - | 4,51% | - | - |
| Zcash (ZEC) | - | 2.02% | - | - |
| Celsius (CEL) | - | 4.86% | - | - |
| TRON (TRX) | - | - | 4,00% | - |
| Maker (MKR) | - | - | - | 2.00% |
| Crypto.com (CRO) | - | - | - | 6,00% |
| ICON (ICX) | - | - | - | 2,00% |
| Cardano (ADA) | - | - | - | 2,00% |
| Tezos (XTZ) | - | - | - | 2,00% |
| Cosmos (ATOM) | - | - | - | 2,00% |
| VeChain (VET) | - | - | - | 2,00% |
| Elrond (EGLD) | - | - | - | 2,00% |
| Algorand (ALGO) | - | - | - | 2,00% |
| Celer (CELR) | - | - | - | 2,00% |
| Enjin Coin (ENJ) | - | - | - | 2,00% |
Using different platforms allows both to shop for the best rates while also spreading the risk around. Even though they are all well regulated and insured, they remain centralized companies so you never really know. Binance is also an option where many coins can be staked.
BlockFi: Very clean and straightforward, payments are done on a monthly basis and they have a 10$ bonus for anyone that signs up with a referral link (Feel free to use mine or that of a friend who already has an account). Their rates are still good but they have been cut a couple of times in the past month and are much better for smaller accounts <0.5 BTC <15 ETH. They also offer 1 free withdrawal each month where they pay the transaction fees. They also allow trading on their platform which is very convenient to get in-and-out of crypto while always getting a return on your holdings on their platform.
Celsius: They offer a lot of altcoins and give competitive rates. They also have their own CEL token which can be selected to receive payouts at often increased rates. Payments are done on a weekly basis and compound. I'm not sure if they still offer a sign-up bonus but if they do it's likely to best use a referral link. It is only available to log in with their mobile app.
Nexo: They are pretty straight forward offering 4% which daily compounds on most coins. They also have their own coin which gives better rates when holding it. They do offer referral links but no sign-up bonuses for as far as I can see.
Crypto.com: They require coins to be locked up for a period of 3 months to get the best rates but also offer flexible staking. They are an all-in-one platform that also offers an exchange and pre-paid visa card on which a 25$ sign-up offer is given to those that use a referral link (code: e7xe283zea).
Binance: They offer lots of functions to earn by staking or locking coins but not everything is always available. Rates tend to be excellent getting 34.49% APY on SOL (15-day stake) 21.49% on ONG, 47.79% on 1INCH, and many more. To get a 10% cashback on trading fees use my Referral Link
That's it, I'm always looking for more ways to earn some passive income on my crypto holdings so feel free to let me know in the comments below if there is another platform that you are using (Feel Free to share your link). For a more detailed overview of crypto passive earnings, check Passive Crypto Earnings March 2020 (Lending/Dividends/Staking)
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Posted Using LeoFinance Beta
