This article will check where to get the best Chainlink LINK interest rates and staking rates.
Chainlink is becoming one of the most popular cryptocurrencies. No one should be surprised since almost all application needs oracles to work correctly.
Here, you will find how you can get your idle LINK tokens to work for you while enjoying the best crypto interest rates APY and staking rewards.
No Financial Advice, Information only. Do your own research
What is chainlink?
Chainlink is a cryptocurrency network that provides a link between actual world data and smart contracts.
In addition, Chainlink also consist of the tradeable ERC-20 token, LINK, which is used to pay for smart contract transactions on the Chainlink network.
Chainlink allows smart contracts to interact with off-chain resources, such as data feeds or web APIs, decentralized. Chainlink was initially built on the Ethereum network but now working on different blockchain networks.
How to earn Interest on Chainlink LINK?
In the table below, we have listed all the different ways to earn interest on your Chainlink LINK tokens. Here, you will find interest accounts and staking.
*Sign up bonus with terms and conditions
**Reduction in fees
Midas Investment LINK Interest rate
Midas Investment offers the best Chainlink LINK interest rate. Midas can generate 9% through their Defi algorithms.
Midas Investment has managed to accumulate over 18,000 investors and raise more than $22 million in assets.
Read more in our Midas Investment review 2022.
Earn interest with Kucoin Margin Funding
Kucoin margin funding is a peer-to-peer marketplace where you can lend your cryptocurrencies to earn interest.
The market, supply, and demand, set the lending rates. Use this link to see the current Chainlink LINK interest rates on Kucoin lending.
Kucoin lending is available for US customers which makes it attractive nowadays when Celsius and NEXO are closed for investors from the USA.
BlockFi Chainlink Interest Account
On BlockFi you can deposit your Chainlink LINK tokens and earn 2.5% APY without doing anything.
BlockFi is a solid cryptocurrency application offering interest accounts, borrowing, trading and soon Visa credit card.
There is no minimum or maximum amount for the LINK interest account on BlockFi. For other cryptocurrencies, BlockFi has applied minimum and maximum balances to get the interest.
BlockFi allows for one free withdrawal per month and their withdrawal security routines are rigorous.
Read more about BlockFi in our BlockFi review.
Blockfi is offering among the best Litecoin LTC interest rates APY.
$250 BlockFi SignUp Bonus
BlockFi has probably the best signup bonus among all interest accounts. Here, you can get $15 when you deposit $100 but you can get up to as much as $250. Go to BlockFi via our link for full terms and conditios.
Nexo.io Chainlink LINK interest account
With NEXO you can earn extra passive income with your Chainlink LINK tokens. Here, you deposit your tokens and start earning immediately.
The process is simple but they have a quite complicated loyalty structure.
Your interest rate will depend on two parameters
- How big percentage of you total holding on NEXO is in the NEXO token
- Whether, or not, yo choose to receive the payout in NEXO tokens or your deposited cryptocurrency
- If you lock your funds or not
Celsius Chainlink LINK interest account
Celsius Network is offering Chainlink LINK interest account among many other cryptocurrencies.
However, the LINK rate at Celsius Network is low and you should consider any of the other alternatives given in this article.
Celsius Network is one of the largest cryptocurrency interest accounts applications with it´s native token, CEL.
Celsius SignUp Bonus
Celsius has a great signup bonus where you will get $50 in BTC when you sign up with our referral link and deposit at least $400. The bonus will be released after 30 days.
YouHodler Chainlink LINK interest account
YouHodler is offering the best rate for the Chainlink LINK token, if you don´t consider loyalty levels at NEXO. With YouHodler, you will get 6.2% when we publish this article.
Youhodler is relative new and small platform compared to Celsius, NEXO and BlockFi. You can see a comparison in this article YouHodler review VS NEXO VS Celsius VS BlockFi.
However, they have a great user interface and great products, such as Multi HODL and Turbo Charge.
With YouHodler Multi HODL feature you can multiply your crypto assets using a portion of your YouHodler wallet balance. You can keep the majority of your funds in a safe and stable wallet while earning interest and using some amount to engage in trading activities with high-profit potential.
With YouHodler Turbocharge feature you can your crypto as collateral to get much more crypto and benefit in case of further price growth.
Youhodler is offering the best USDT interest rate APY.
Binance Chainlink LINK interest account
Binance has saving products to earn interest for most cryptocurrencies, but not for the Chainlink LINK token.
Here, you will only earn 0.39% and you should definitely consider any of the other alternatives for LINK passive income.
Read more about Binance in our Binance review.
What is Chainlink?
Chainlink is a decentralized network of nodes. Chainlink provides data and information from off-blockchain sources to on-blockchain smart contracts via oracles.
What problem does Chainlink solve?
Since blockchains only can handle information within a blockchain, oracles that connect the blockchain world with the non-blockchain world are vital.
What is the purpose of the LINK token?
The purpose of LINK token is to compensate Chainlink Node operators for the retrieval of data from the external data sources, turning it to blockchain readable format, off-chain computation, and up-time guarantees.
Coin Bureau about Chainlink LINK
In the video below, you will get a great introduction and information about Chainlink and the LINK token.