Crypto Lending Platforms8 crypto lenders compared: savings rates up to 10.5% and loans from 0.9% APR
Companies that pay interest on your crypto, or lend you dollars against it, compared on rates, loan-to-value, fees and the states they serve. Every figure is the lender’s own, checked Sep 26, 2026; the best rates usually come with conditions, which the tables spell out. For on-chain pools like Aave, see DeFi lending rates.
Find a crypto lender for you
Pick whether you want to earn interest or borrow, the coin, and your state. The lenders that fit come first; one that doesn’t serve your state says so.
up to 10.5% on USDC
Top rates need over $5,000 held, a higher loyalty tier and interest paid in NEXO.
Visit Nexo3.75% on USDC
With a Coinbase One membership (from $4.99 a month).
Visit Coinbaseup to 2% on USDC
Up to 4% with a Kraken+ subscription.
Visit Kraken| Lender | Rates | Terms | US availability | Link |
|---|---|---|---|---|
| CoinbaseUSDC rewards and loans in the app you may already use | 3.75% USDC | With a Coinbase One membership (from $4.99 a month). | All states except New York | Visit |
| NexoThe highest advertised savings rates, with conditions | up to 10.5% USDC up to 7% BTC, ETH | Top rates need over $5,000 held, a higher loyalty tier and interest paid in NEXO. Flexible savings; fixed terms pay more. | US; check your state | Visit |
| KrakenUSDC rewards on an exchange | up to 2% USDC | Up to 4% with a Kraken+ subscription. | US; check your state | Visit |
| Lender | Borrow against | APR | Max LTV | Minimum and fees | US availability | Link |
|---|---|---|---|---|---|---|
| CoinbaseBorrow USDC through Morpho on Base; liquidation at 86% LTV | BTC, ETH, SOL, XRP and more | 5% | Not stated | One-time processing fee; may include a platform fee | All states except New York | Visit |
| NexoCredit line; 50% LTV for BTC and ETH | BTC, ETH, stablecoins | 0.9% | 50% | $50 to $2M | US; check your state | Visit |
| LednLower APR on bigger loans; no monthly payments | BTC | 9.25–11.49% | 50% | $500 | All states except California, Connecticut, Hawaii, Nevada, North Dakota, South Dakota, Tennessee, Washington, District of Columbia | Visit |
| ArchUp to 12 months; 60% LTV for BTC, 55% for ETH | BTC, ETH, SOL, XRP | 7.25–10.49% | 60% | 0.25%–1.49% origination | All states except California, Delaware, Hawaii, Maryland, Mississippi, Montana, Nevada, North Dakota, Rhode Island, South Carolina, Vermont | Visit |
| FigureFixed rate, 12 months; 9.999% APR at 50% LTV | BTC, ETH, SOL | 9.999% | 75% | $5,000; 1% origination; 2% if liquidated | All states except District of Columbia, Idaho, Illinois, Kentucky, Maryland, Mississippi, South Dakota, Texas, Vermont, Virginia | Visit |
| SALT1, 3 or 5 years; 7.49% APR at 30% LTV | BTC | 7.49% | 70% | No origination fee | US; check your state | Visit |
| UnchainedCommercial loans only; 360 days, interest-only | BTC | 14.18% | 50% | $150,000 (businesses), $500,000 (individuals); 2% origination | All states except Louisiana, Montana, Nevada, New Mexico, New York, North Dakota, South Dakota | Visit |
Rates and terms from each lender’s own site, checked Sep 26, 2026. They change often and many depend on conditions; confirm on the lender’s site before you deposit or borrow. Centralized lenders hold your crypto, so their safety matters as much as their rate: see the risks below. DeFi Rate isn’t paid by these lenders for their placement here.
Crypto lending platforms are companies that pay you interest on crypto you deposit with them, or lend you dollars against crypto you pledge as collateral. They differ from DeFi lending, where you supply tokens to an on-chain protocol like Aave and no company holds them: here a company holds your crypto, so its terms and its health matter as much as its rate. The comparison above shows each lender’s current rates and terms, checked on its own site. For bitcoin specifically, see bitcoin lending rates.
How crypto savings accounts work
You deposit crypto or stablecoins, and the lender pays you a rate, usually variable and paid daily, weekly or monthly. The lender earns that money back by lending your deposit to borrowers, using it in trading or other markets, or paying rewards from its own revenue, and how it does so is in its terms.
The headline rate is often the best case. Many lenders pay the top rate only on small balances, to members of a paid plan, to customers in a higher loyalty tier, or if you take interest in their own token. Read the conditions in the comparison table before comparing two rates.
Crypto savings accounts aren’t bank deposits: they aren’t insured by the FDIC, and if the lender fails you may become a creditor rather than a depositor who can withdraw.
How crypto-backed loans work
You pledge crypto (usually bitcoin or ether) and borrow dollars or stablecoins against it, without selling it. The loan-to-value (LTV) ratio is the loan divided by your collateral’s value: borrowing $30,000 against $60,000 of bitcoin is a 50% LTV.
If the collateral’s price falls, your LTV rises. At a set level the lender issues a margin call, and you add collateral or repay part of the loan; at a higher level it sells some or all of your collateral to repay the loan, often with a liquidation fee. The lower the LTV you start at, the bigger the price drop you can absorb.
Compare the APR (which includes fees when the lender states it that way), the origination fee, the maximum LTV, the margin call and liquidation levels, the term, and whether you pay interest monthly or at the end. Borrowing against crypto generally isn’t a sale for US taxes, but a liquidation is.
DeFi Lending vs. Centralized Crypto Lending
CeFi accounts can be simpler to use, but the customer may not know exactly how deposited assets are deployed. Read the provider’s current terms for rehypothecation, withdrawal rights, collateral, insurance claims and geographic availability. Crypto interest accounts generally do not carry the same protections as insured bank deposits. DeFi lending rates compares the on-chain alternative, where you keep control of your wallet but take on smart contract risk instead.
What Happened to Celsius, BlockFi and Other Crypto Lenders?
The 2022 crypto credit crisis showed why yield and liquidity should not be evaluated separately from counterparty risk. Celsius, BlockFi, Voyager and Genesis lending entities entered bankruptcy after combinations of concentrated loans, falling collateral values, liquidity mismatches and exposure to failed firms. Customers often became creditors rather than depositors with immediate withdrawal rights.
Regulators also brought cases over how some interest products were marketed. The FTC’s Celsius settlement permanently barred the company from handling consumer assets, while the SEC’s BlockFi action addressed an unregistered retail crypto lending product. The practical lesson is broader than any one company: understand who controls the assets, how returns are generated and what happens if withdrawals stop.
Before you deposit or borrow
- Who holds your crypto, and whether the lender can lend it out or reuse it (rehypothecation). Some lenders promise never to; others do so to pay your rate.
- Proof of reserves or audits the lender publishes, and how recent they are.
- Your state. Many lenders exclude some states; the comparison above lists each one’s exclusions where the lender publishes them.
- The conditions on the rate: balance limits, memberships, loyalty tiers and lockups.
- For loans: the starting LTV, the margin call and liquidation levels, every fee, and what happens if the lender fails while it holds your collateral.
- How you withdraw and how long it takes.
- Are crypto savings accounts safe?
Safer than they were in 2022, but they still carry risks a bank account doesn’t: they aren’t FDIC-insured, and if a lender fails, customers can become unsecured creditors. Prefer lenders that publish proof of reserves, explain what they do with deposits, and don’t lend out your crypto without saying so.
- Which crypto lender pays the most interest on USDC?
The comparison above ranks the lenders we track by their current USDC rate, checked on each lender’s own site. The top advertised rates usually come with conditions, such as a balance limit, a membership or a loyalty tier, which the table spells out.
- What’s the difference between crypto lending platforms and DeFi lending?
A lending platform is a company that holds your crypto and sets its own rates and terms. DeFi lending runs on smart contracts: you keep your keys, rates move with supply and demand, and the main risk is the protocol’s code rather than a company.
- What LTV should I borrow at?
Lower than the maximum. Starting well below a lender’s limit, often around a quarter to a third of your collateral’s value, gives you room before a margin call if prices fall. Check each lender’s margin call and liquidation levels, not just its maximum LTV.
- Is interest from crypto lending taxable?
In the US, interest or rewards you earn on crypto are generally taxed as income when you receive them. Taking out a crypto-backed loan generally isn’t taxable, but a liquidation of your collateral can be. Our free crypto tax calculator handles interest income.
- Can I use these lenders in every state?
Not always. Several lenders exclude some states, and New York is the most often excluded. The comparison above filters by your state and marks lenders whose exclusions we couldn’t confirm on their own site.
Why Are Banks Racing to Rebuild What Crypto Already Built?
SEC Announces Forthcoming Regulations for Crypto Assets
BitMEX Winds Down as Crypto Perps Take Off, Faces Insider Trading Suit
Crypto Tax Hearing Reveals Consensus: Tax Reform Is Needed, But Congress ‘Not Yet’ Ready