Hodlnaut for iPhone

Cryptocurrency interest account app

Hodlnaut is a Singapore-based finance app developed by Hodlnaut Pte Ltd that provides users with a cryptocurrency interest account platform. Here, you can save your crypto holdings and accrue interest on your digital assets. It is free to download and use and only requires a little storage space.

Hodlnaut works like other crypto saving accounts, such as Celcius and  BlockFi. What makes it different is that its rate beat both platforms for stablecoins by about 2% APY. It offers very competitive rates with no minimum balances or rate caps. Although, the number of assets it supports is much less.

What does Hodlnaut offer?

Hodlnaut is a financial platform that is relatively a newcomer to the cryptocurrency interest account block. It facilitates earning interests in crypto holding, much like a dividend-paying stock investment. Here, you can receive interest over time trading on a margin. It has two main products. The crypto interest accounts allow you to earn up to 10.5% APY compounded weekly. The next one is fixed-term loans, which have higher yields.

As mentioned, Hodlnaut is distinctly different from other platforms. For one, it has no minimum balance to qualify for crypto interest. Additionally, it lets users exchange tokens directly within the app. Moreover, deposits are free, and users can withdraw at any time. Although, there are withdrawal fees and a daily limit of 100 BTC daily. Best of all, users will enjoy the fact that this service has no cap rates.

New users will need to create an account and complete an identity verification process before using the app. It will also require a photo of a National Passport or document with proof of address. Once done, you can start transferring your bitcoins. Note that the service only supports five cryptocurrencies—Bitcoin, DAI, Ethereum, Tether, and USD. It also does not allow users to deposit flat currency and convert it to crypto. 

Should you try it?

Overall, Hodlnaut is a financial service that can appeal to everyday investors. The app offers competitive products and services and provides higher interest rates than its competition. Moreover, it is easier to use and allows unlimited withdrawals at any time. Although, it only supports five cryptocurrencies and is unable to deposit flat currency. While this is not much of a limitation, it can still be a deal-breaker for some.