Let´s list the best Cardano ADA interest rates and see where you can gain the best APY on your idle holding.
In the end of this article we discuss why it´s important to find the best interest rates to maximize your crypto passive income.
Also, we do have a section regarding what risks are involved when you are investing your crypto in 3th party applications.
No Financial Advice, Information only. Do your own research
What is Cardano?
Cardano is a decentralized proof-of-stake (PoS) platform. Some refers to Cardano as a third generation blockchain while Bitcoin is the 1st and Ethereum the 2nd.
Cardano separates itself from other by a commitment to peer-review scientific research as building blocks for updates to the platform.
Best Cardano ADA Interest Rates
In the table below, we have listed all the best Cardano ADA interest rates.
Here, you will find where to deposit your ADA coins to receive the highest APY and generate more ADA.
*Sign up bonus with terms and conditions
Binance Best Cardano interest Rates with 7.79% APY
Binance is offering the best interest rates for Cardano ADA.
Binance is the largest crypto exchange in the world and they have a lot of different features on their trading platform. On of these are, Binance Earn, and here you can stake your Cardano ADA coins to receive the best interest rate.
Binance Cardano ADA staking Pros and Cons
Pros and Con with Binance staking
+ Binance has extreme high yields, up to 7.79% APY for Cardano
+ Binance is the largest crypto exchange
– The yield staking programs can get filled up
Read more about the high yield staking offer from Binance.
Celsius Cardano ADA interest rates
Celsius is now offering one of the best interest rates for Cardano ADA token.
Celsius is the largest CeFi lending platform.
Here, you can get a basic interest rate of 4% and you can earn up to 5.1% if you live outside the US and you choose to receive the interest payment in their native token, CEL.
Celsius Cardano ADA lending Pros and Cons
Below, you can find the pros and cons of depositing Cardano ADA into Celsius and earn interest
+ Celsius is offering a $50+50 sign up bonus at the moment
+ Celsius has a great app and web application
– Celsius doesn´t offer the best Cardano ADA interest rate
– There is a 24h delay when you withdraw to a new address (At the same time this is a + since it´s a security feature)
Kraken Cardano ADA interest rates
Kraken is offering one of the best interest rates for Cardano ADA token.
Kraken is one of the largest crypto exchange sin the world. Kraken is a regulated crypto exchange in the US.
With Kraken you can stake Cardano ADA tokens.
Kraken does´t have the best interest rate for Cardano ADA but for Polkadot DOT, Kraken offers the best ROI and APY. Also, for Ethereum ETH Kraken and Binance offers very similar return
Kraken Cardano ADA staking Pros and Cons
Kraken pros and cons
+ Kraken is regulated in the US
+ Kraken allows US citizens
+ Kraken has a high security
– Kraken has a bit lower Cardano interest rates than Binance
Read our full Kraken review.
YouHodler Cardano ADAinterest rates
YouHodler is offering a 6% interest rate on your Cardano ADA holdings.
With YouHodler you don’t have to worry about lock up periods or if you want to receive the payments in the native token (as with NEXO and Celsius).
However, the limitation with YouHodler is that whales may not like it since you can “only” receive interest on holdings up to $100.000.
NEXO Cardano interest rates
NEXO is offering a basic interest rate of 4% on your Cardano ADA holdings.
However, you can receive up to 8% on NEXO.
How can I receive 8% on my Cardano ADA holdings?
- You need to lock your funds for 1 month to earn 1% extra.
- You need to hold a certain percentage to earn more. There are 4 different loyalty levels and you will earn 0.25% per loyalty level (max 1% extra).
- You choose to receive your payout in the native token, NEXO, to receive 2% extra.
Risks with Cardano Interest and Savings accounts
As for any investments, staking with Binance or Kraken also involves risks.
Always consider the risk versus the rewards before you invest your cryptocurrencies.
- Exchanges can be hacked (This has happened a numerous times in the history. Examples are Bitstamp, Bitfinex and Binance)
- Exchanges can default or do mistakes
- Exchanges can misbehave in the staking program and lose their stake
Why its important to get the best Cardano ADA interest rate?
Over a long time period it´s very important to make sure that you receive the best interest rate.
Because of the compounding effect (interest-on-interest).
What is that?
Let´s say you have 100 ADA tokens and you keep them in an account with no interest. After, 5,10 or 20, years you will still have your 100 ADA tokens.
What if you deposit them into Binance and earn 7.79%?
- 100 ADA will be 146 ADA in 5 years
- 100 ADA will be 212 ADA in 10 years
- 100 ADA will be 448 ADA in 20 years