Hodlnaut Review – How Does This Crypto Platform Measure Up?

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By Austin DeNoce

Last Updated

Hodlnaut Review

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Hodlnaut Review

  • Crypto Interest Account
  • Fixed-Term Deposits
  • Token Swapping
  • Customer Support
4.4

Summary

Hodlnaut is a cryptocurrency platform designed to help users earn passive income on crypto assets through their Hodlnaut interest accounts. Hodlnaut supports eight assets and has no minimum deposit requirement or deposit fee. This platform offers fixed-term deposits, a token swap function, the ability to withdraw funds for free once a month, and more. Learn more about this crypto platform by reading our complete Hodlnaut review now.

Pros

  • Competitive interest rates
  • No minimum deposit, deposit fees, or lock-in periods
  • Smooth and aesthetic interface

Cons

  • Only has an interest account and Token Swap feature
  • Limited number of digital assets

About Hodlnaut

Hodlnaut is a Singapore-based cryptocurrency platform that allows users to HODL while earning passive income on their crypto assets through a simple interest-bearing account with no minimum deposit. The platform also supports fee-free token swaps with all of its supported crypto assets.

If you want to learn all about Hodlnaut’s services and whether or not they’re right for you, stick around for this in-depth Hodlnaut review.

Hodlnaut Interest Account

The Hodlnaut Crypto Interest Account is the platform’s bread and butter. It supports eight assets: DAI, ETH, USDC, USDT, UST, LUNA, WBTC, and BTC, with interest rates ranging from 5.2% to 9.4%, though UST and LUNA services have been halted and will likely be removed.

Hodlnaut Interest Account

The number of supported assets is a little limited, especially with the suspension of UST and LUNA, but Hodlnaut covers all the most important crypto assets the majority of people will be looking to lend/earn interest on.

As soon as you deposit your crypto holdings (which is done in the deposit/withdrawal section), you can start earning with no lock-in periods or minimum deposit, and any interest you earn is paid out weekly.

Hodlnaut Deposit/Withdrawal

The crypto interest account is a tiered system where rates drop as you add more to your holdings. BTC interest rates, for example, are 5.33% for the first bitcoin, 5.02% for the next 0.5 BTC, 1.51% for the next 0.5 BTC on top of that, and 1.00% for anything above 2 BTC.

While the interest rates Hodlnaut offers are far from matching competitors like Midas Investments or WhiteBIT, they are slightly better than many mainstream crypto interest accounts/crypto interest platforms like BlockFi when in the upper tiers of their APYs.

There is no deposit fee with Hodlnaut, and it allows users to withdraw funds for free once every month. Withdrawal fees after that will be $10 for stablecoins, 0.0004 BTC, and 0.0036 ETH.

The Hodlnaut interface is also very smooth and easy to navigate, making the onboarding and off-boarding process both simple and streamlined.

Hodlnaut Fixed-Term Deposit

The fixed-term deposits are an alternative to Hodlnaut’s regular interest account for users with larger deposits.

Fixed-term deposits support all the same assets as the interest account, excluding UST and LUNA.

Hodlnaut Fixed Term Deposit

Unlike the interest account’s tiered system based on the amount of each asset you hold, fixed-term deposits earn interest based on your term length, which can be anywhere between 28 and 180 days.

The interest rates are significantly lower than those of the regular interest account, but higher rates are offered if you are trying to earn interest on a substantial allocation, such as 2+ BTC. 

Some examples of fixed-term deposit interest rates are BTC with 1.25%, 1.50%, and 1.4% for 30, 90, and 180-day terms, respectively, and USDC/ USDT with an interest rate of 4.75%, 5.00%, and 4.90% according to the same term structure.

Hodlnaut Fixed-Term Deposit Rates

There are no withdrawal fees if you terminate your fixed-term deposit early, but you will forfeit any interest you accumulated up to that point as all interest is paid out at the maturity date, not periodically.

While the fixed-term deposits are a great addition to the platform for those trying to earn yield on very large crypto holdings, they won’t be of much use for those whose position sizes fall within the higher interest rate tiers of the regular interest account.

That said, it’s a very user-friendly system and remains an excellent option for more capitalized investors.

Hodlnaut Token Swap

The Token Swap function is simply Hodlnaut’s exchange, where you can swap between any of the six supported assets instantly.

The interface is similar to just about every generic exchange, with a very simple order panel that should pose little to no difficulty using. There’s also an order history tab to view all your previous transactions.

Hodlnaut Token Swap

While Hodlnaut presumably makes at least some small amount on the spread for swaps, it charges no swap fee, so what you see is what you get.

Overall, the Token Swap function will be handy if you choose to create a Hodlnaut account and utilize their services.

Hodlnaut Security

Hodlnaut is a certified FinTech company by the Singapore Fintech Association, an accreditation recognized by the MAS (Monetary Authority of Singapore), and has patterned with companies like Fireblocks, Jumio, and Nexus Mutual to ensure a secure cloud infrastructure.

Hodlnaut has also received in-principle approvals from the Monetary Authority of Singapore (MAS) to be a Major Payment Institution License under the Payment Services Act and currently offers two digital payment tokens (DPT) services, namely its crypto borrowing and lending services, as well as Token Swap feature.

In light of Hodlnaut’s strict adherence to regulation, you will have to fully complete KYC verification and won’t be able to use or fully access the platform until you are approved. 

Hodlnaut Customer Support

If you need help understanding their services, the Hodlnaut support resources are quite helpful. Their homepage (not the account page after you’re signed in) has very useful/digestible explanations and FAQs related to each service.

Hodlnaut Customer Support FAQs

Each service listed under their “Products” tab has a whole page dedicated to outlining each respective service and should prove quite valuable when you are first getting started.

There is also a separate page where you can quickly sift through all the FAQs by category under the FAQ dropdown in the “Resources” tab.

The last noteworthy form of support Hodlnaut has is a pop-up chat where you can engage with support directly, though it is not 24/7. Support is available Monday through Friday, 10 am to 7 pm SGT.

Hodlnaut Customer Support Pop-up

Conclusion: Hodlnaut Review

After conducting this Hodlnaut review, it’s clear they don’t have many crypto services, but they do a great job with what they do have.

It isn’t a platform for traders, and it won’t be the place to go for a crypto loan—though it currently offers loans to institutions and may extend those services to retail in the future—but it has a very respectable interest account with no minimum deposits.

Hodlnaut’s interest rates are nothing to write home about, especially when compared to the cream of the crop in terms of APYs. Still, they are competitive and have a great platform that delivers an exceptional user experience.

Hodlnaut also has helpful support pages explaining their services that only add to the platform’s ease of use.

In summary, Hodlnaut is an excellent option to consider if you are a crypto investor looking for competitive interest rates on your digital assets, but aside from its decent token swapping functionality, it doesn’t have any other services.

That doesn’t make Hodlnaut a bad platform by any stretch of the imagination, but make sure an interest account is what you’re after if you’re considering creating an account because interest earning is what Hodlnaut is all about.

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Austin DeNoce

Austin DeNoce is a writer, personal investor, and entrepreneur who is focused on trading and investing education for macro, crypto, equities, derivatives, and foreign exchange traders. He graduated from the University of California, Santa Barbara with a bachelor’s in philosophy and carries a deep passion for a first-principles approach to investing and education therein. Austin specializes in topics related to cryptocurrencies and blockchain technology.

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