Crypto lending platforms are online platforms that permit people to lend their cryptocurrencies for several rates of interest. Borrowers, who require physical money, will take a crypto loan from the crypto lending platforms for a specific interest rate. Lenders lend the crypto through the platforms in exchange for a rate of interest to generate a passive income.

As a result of the covid-19 pandemic, the cryptocurrency market went downhill. However, right now, the crypto situation has seen improvement. Currently, it is one of the most valuable financial assets. Here is a list of the top crypto lending tools of 2021.

Hodlnaut

This cryptocurrency lending platform was started by two entrepreneurs. This platform provides several kinds of financial services to individual investors. Lenders can lend their cryptocurrencies easily to borrowers. Availing the cryptocurrency loan on this platform is easy.

The rate for Bitcoin is 6%, 6.5% for Ethereum, and 8% for USDC, DAI, and USDT. This platform is aspiring to be one of the top cryptocurrency lenders in the industry. Also, there is no minimum lock-in period, and users have the freedom to withdraw anytime.

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BlockFi

This is also one of the best cryptocurrency lending platforms. Lenders can own at least 8.6% when lending cryptocurrencies to buyers. Founded in 2017, BlockFi is constantly proving itself a leader in the cryptocurrency market.

With easy withdrawals, this platform is already loved by many cryptocurrency lenders and borrowers. Trust the best low spread broker when investing in cryptocurrency.

Nexo

Nexo is one of the largest cryptocurrency lending platforms globally. Through Nexo, lenders can earn a huge interest in their crypto or fiat assets. Recently, they have launched the Nexo card to expand their financial services.

YouHodler

A Swiss cryptocurrency lending platform, YouHodler focuses on cryptocurrency lending with options such as fiat loans. In this platform, you get the option of converting from fiat currency or cryptocurrency to deposit and earn interest.

YouHodler provides EUR, GBP, USD, CHF, and stable coins and collaterals in ETH, BTC, and other cryptocurrencies.

Celsius Network

The mission of this platform is to replace the traditional cryptocurrency system. Different kinds of financial services are offered through this platform. Cryptocurrency investors can easily earn varied rates of interest by depositing the digital assets to the Celsius wallet. They also have the freedom to borrow fiat currency at low rates of interest and use crypto as their collateral.

Up to 6.2% annual interest rate can be earned in CEL Tokens for the first 100 ETH or first BTC. Without any doubt, this is one of the top crypto lending platforms of 2021. If you are looking for a broker, trust only the best forex broker uk.

Verdict

Cryptocurrency lending and borrowing have become very common. Therefore, knowing the right platform for 2021 is a must. Ensure that you educate yourself regarding these platforms to know better.