Hodlnaut Review: Earn up to 12.73% APY on Your Crypto Assets Easily - Coindoo
Hodlnaut Review

Hodlnaut Review: Earn up to 12.73% APY on Your Crypto Assets Easily

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Sep 20, 2021
5 min reading time
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It is no surprise that the cryptocurrency market has experienced waves of volatility in the past year. After reaching its all-time high of $63,729.50 in April, it soon plunged to a range of $30,000 in May. With price volatility, earning a maximum yield on crypto assets may not be the easiest. 

However, there are ways to get the most out of your crypto, even when the market price is plunging. If you’re looking to grow your asset’s productivity during market corrections, consider depositing your funds into crypto lending platforms that offer interest-earning accounts. 

There are many crypto lending platforms available but one to keep in mind is Hodlnaut. 

What Is Hodlnaut?

Hodlnaut is a Singapore-based fintech startup that provides financial services to individuals where they are able to earn interest on their crypto assets. As such, this gives investors an alternative solution to grow their crypto earnings by receiving interest. Founded in April 2019, the company is quickly rising to become one of the most promising crypto lending platforms in Asia through its attractive product offerings that are suitable for all crypto investors.

Started by Bitcoin maximalist duo Juntao Zhu and Simon Lee, Hodlnaut is certified by the Singapore Fintech Association, which is a recognized credential by the Monetary Authority of Singapore (MAS). It is also actively pursuing a license application with the MAS to become the first regulated entity in Singapore in the crypto lending and borrowing space. 

Why Should I HODL with Hodlnaut? 

Hodlnaut offers favorable interest rates to users by lending the digital assets to vigorously vetted corporate entities with good credit scores in the form of crypto loans. Though there are several platforms that offer similar services, Hodlnaut is equipped with a range of features that makes hodling a fuss-free and enjoyable experience. 

Get the Best Yield on Your Crypto Investments

For one, Hodlnaut offers up to 12.73% APY on six supported assets: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), US Dollar Coin (USDC), Dai (DAI), and Wrapped Bitcoin (WBTC). The compounded interest is calculated daily and paid out weekly in-kind. Plus, there are no lock-in periods or minimum deposits, though there is a small withdrawal fee to note. 

With the Hodlnaut Interest Account, users are able to get the most out of their cryptocurrencies without them having to wait for prices to appreciate before selling their crypto to receive the payout.  

Choose the Currency To Earn

On top of the high-interest rates, Hodlnaut has a Preferred Interest Payout feature that allows users to pick the currency they want to earn in. Thus, even if a user deposits BTC initially, he will be able to earn in the other five supported currencies such as ETH or USDC through this function. 

Not only does it offer flexibility and control over users’ portfolios, but this is also a prime option for investors to hedge against price fluctuations since they can now choose to earn in stablecoins. This way, they would be able to earn a higher interest rate to gain more yield on their crypto holdings. 

Swap Tokens Easily on One Platform 

When crypto investors are looking to swap their tokens, they would have to source for a separate platform, which will incur additional costs from transaction fees. To mitigate this problem, Hodlnaut launched a Token Swap feature to allow users to swap their tokens seamlessly on one platform so that they no longer have to spend on transaction fees between wallets

Plus, the function is also available on the newly launched iOS Mobile App to give users the flexibility of swapping their tokens anywhere and anytime. The feature also complements Wrapped Bitcoin (WBTC), a supported asset on the platform, since users can get instant access to WBTC without sourcing for a wrapping merchant.

How Safe and Easy Is it to Use Hodlnaut?

Adopting a security-first approach, Hodlnaut requires all users to go through a mandatory KYC (Know-Your-Customer) verification process. Users will also need to enable two-factor authentication (2FA) before performing any account transactions. Plus, users would only be able to withdraw to whitelisted addresses. This is to ensure that all accounts are verified and secured, and users will be less likely to face an account takeover by scammers. 

Moreover, Hodlnaut offers an optional Nexus Mutual Custody Cover to allow users to purchase insurance on their crypto assets. While this is not mandatory, Hodlnaut has put in place this option to provide users with an alternative to safeguard their funds. 

In terms of navigating through the website and iOS Mobile App, Hodlnaut ensures that the platform is designed to be user-friendly and straightforward. Users can easily check the overview of their assets and transaction history on the dashboard upon logging in. They can also deposit, withdraw, and check their interest statement quickly within the same dashboard. 

So, Should you Deposit Your Crypto Funds in Hodlnaut? 

Well, the simple answer is yes!

With the increase in institutional and retail adoption of cryptocurrency, many investors are looking for ways to grow their crypto holdings. From over 100 users in 2019 to 10000+ users today, Hodlnaut positions itself as a prime option for users to generate yield on their cryptocurrencies in a secured yet convenient manner.

Hodlnaut is also consistently upgrading its features and products in line with its aim of elevating the cryptocurrency space through products that are useful and innovative. 

To get started, sign up for a free Hodlnaut Interest Account to earn more on your crypto assets. If you have any questions and queries, do drop us an email at [email protected] and we will get back to you as soon as we can. 

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* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.
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