In this article, we list the best Algorand ALGO interest rate so you can earn the highest ROI on your deposits.
It´s important to search for the best interest rate since this will seriously impact you portfolio size in the long term.
If you are not familiar with the interest on interest concept, we highly recommend you to read about this phenomena.
No Financial Advice, Information only. Do your own research
List: The Best Algorand ALGO interest Rates
In the table below, we have listed all the best Algorand ALGO interest rates.
With ALGO you can earn up to 7.91% per year which might not look very good but over a 10 years period you have about doubled you number of ALGO tokens.
Imagine if the ALGO token doubled in price during the same time frame…or if it did 10x during that period.
MyCointainer is offering the best Algorand ALGO interest rate
MyCointainer is a staking service offering 5.2% interest rate on Algorand ALGO tokens.
We use MyCointainer as a staking service but they offer other features such as airdrop listings and an exchange.
We have had a great experience with MyCointainer and their fast customer support which you can also read about in the MyCointainer Trustpilot review.
Further, MyCointainer is offering very competitive rates on many staking coins, as for Algorand ALGO, as well.
Coinbase - 2nd best ALGO interest rate
Coinbase is offering the 2nd best Algorand ALGO interest rate in our list. Here, you earn 4% ROI on your ALGO deposits.
Coinbase is the largest US crypto exchange and they are offering staking service for Ethereum, Cosmos and Tezos. Read more about staking rewards and interest rates in each article, linked below.
In general, Coinbase is not offering the best interest rate for any cryptocurrency. On the other hand, you will have your coins on a regulated exchange in the US which can be considered as one of the safest exchanges.
Binance Algorand ALGO interest rates
At the moment Binance is offering the best Algorand ALGO interest rates. Binance, with it´s feature Binance Earn, often offering the best interest rates and staking rewards.
However, to get 7.91% you have to lock your funds for 30 days.