Crypto Lending Platform

Top 5 Crypto Lending Platform With High Interest Rates in 2020

Last Updated on September 5, 2020 by CryptoCreed

There are lots of ways to earn cryptocurrency online but not all methods are easy. Crypto lending is one of the best ways to make money from your money. Yes, I am talking about crypto lending. It is growing very rapidly in the crypto market and not more and more people are showing their interest in this.

Many people are here who don’t want to cash out their cryptocurrency and they have many reasons why they don’t want to withdraw. And here crypto lending sites provide the platform to get cash without letting down your crypto.

Let’s discuss some important questions first.

What Is a Cryptocurrency Lending?

Cryptocurrency lending is the process of borrowing and providing loans to users. On the crypto lending platform borrowers collateral their crypto assets to get fiat or stable coins. Lenders earn interest on their provided loans. cryptocurrency lending platforms.

Mainly there are two parties and sometimes there are three parties. These parties are Borrowers, Lender & Middleman.

How Does Bitcoin and Crypto Lending Work?

In a simple sentence, we can say, borrowers put their collateral on the platform lender approves the collateral and release the loan amount to borrowers. And till lenders didn’t get his amount back he earns interest on the provided loan.

Best Crypto Lending Platforms

As we mentioned in the title we are going to include only the top 5 best bitcoin lending platforms only. Our list includes according to safety, name, interest rate, and user reviews. If you think any of the following sites have any problem then do not forget to use the comment box.


Nexo crypto lending

Nexo was founded in the year 2018 by Antoni Trenchev. At the current time, they have more than 800K registered members with whom they already Processed more than 3 billion US dollars. They do support 40+ cryptocurrency.

Nexo is the powerful securitized platform claiming military level security (256bit encryption). Users can earn up to 10% annual compounding interest

For KYC or regulatory compliance, Nexo is using Onfido trusted by coinbase. Their wallets are supported by BitGo.

The interesting thing is that they have insured 100 million US dollars by Lloyd’s Bank of London.

They have apps available for both iOS and Android.

Salt Lending

Salt Lending one of the earlier launched crypto lending platform, it was founded in the year 2016. You might hear of Nexo because of their marketing but may not hear about Salt because they rarely do marketing (IMO).

They have more than 65,000 users, $50M in loans serviced, and 30 lendable jurisdictions.

The thing is important is they do are not available worldwide. But they do operate in more than 30 countries. Also, you can only use 12 cryptocurrencies.

Users can choose a payback period between 3 to 12 months with a minimum of $5000. Interest rates are started from 5.95% with starting LTV from 30% – 60%. (on their website they have mentioned 30 to 70% but when you log in you can see 30 to 60% only).

They are integrated uphold for KYC purposes.


BlockFi is the New Jersey-based bitcoin lending platform launched by Flori Marquez and Zac Prince in the year 2017. This is a platform that doesn’t allow it’s users to access the dashboard without completing KYC.

BlockFi is backed by many big investors and entrepreneurs.

There is a maximum of 50% LTV, earn up to 8.6% interest, support more than 10 cryptocurrencies.

The company currently offers up to a 50% loan to value (LTV) ratio on your crypto. This means to get a $10,000 worth of loaned assets, you need to put down $20,000 worth in collateral.


Bankera is originally known for crypto exchange at first but later they started working as crypto lending service.

You can lend a minimum of 25 USD with 8 different supported payment methods.  But for collateral, they support only BTC, ETH, XEM, & DASH.

The minimum APR is 6.95% and up to 10%.

Celsius Network

Celsius Wallet App Button
Celsius Network is the UK based lending platform, launched by Alex Mashinsky in the year 2017 as a crypto wallet but later in 2018 they started offering crypto lending services.

With more than 147K active users they are one of the best lending platforms in the market.

As a borrower, you can take the loan of a minimum of $1000 worth of stablecoins. It is backed by Tether.

Celsius is available only on mobile so you have to download their mobile app in order to use their service.

The 1% APR.


These are 5 best crypto lending platforms. There are many more but if you check the security of these sites then you will find them on the top of any list. bitcoin lending sites.

Other Crypto & Bitcoin Lending Platforms

StormGain – Earn 3% to 12% interest on your crypto.

CoinLoan – Earn up to 10.3% interest.

There are many more but they are either not working in many countries or have issues with the platform.


Is Crypto Lending Safe

Well, it depends on the platform you are using all the above (5 sites) are safe according to users’ reviews and regulations. I also recommend you never lend or borrow crypto from a single site. Always try to use different sites.

Also, never store your crypto in one place and never invest more than you can afford to lose.


Tags: Top crypto lending platforms, bitcoin lending bot, cryptocurrency margin lending, blockchain in lending, crypto lending companies, crypto lending review, bitcoin lending script.

0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x