Welcome, in this article we will lite all the Dogecoin DOGE interest account rates.
You will find out that YouHodler is giving the best Dogecoin DOGE interest rate for the moment.
In addition, we will list pros and cons with YouHodler and why you might want to consider to deposit DOGE coins to earn some extra interest.
If you HODL more cryptocurrencies than only DOGE, you should visit our page about how to earn crypto passive income.
Remember to do your own research.
No Financial Advice, Information only. Do your own research
What is Dogecoin?
Dogecoin(DOGE) is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer.
They created the cryptocurrency as a joke, making fun of the wild speculation in cryptocurrencies at the time. It was launched on December 6, 2013 in the middle of the 2nd bull run of Bitcoin´s cycles.
Dogecoin is considered as a memecoin. A memecoin is a cryptocurrency that is associated with some theme, often as a joke rather than a serious product.
Dogecoin was the first memecoin because it was named after a popular dog on the Internet.
Dogecoin VS Shiba Inu
Later on, there have been many memecoin created trying to be as successful as Dogecoin. The most successful has been Shiba Inu SHIB token released as a ERC-20 token on Ethereum. Read more about SHIB and how to earn Shiba Inu SHIB with the best interest rates and staking rewards.
Where to get the best Dogecoin DOGE interest rate?
You will get the best Dogecoin DOGE interest rate with a YouHodler account. YouHodler is a service offering exchange, loans and interest accounts.
In the table below you see all the listed interest rates and accounts for Dogecoin DOGE.
Below the table you can read more about each one of these interest accounts.
Deposit Dogecoin DOGE to YouHodler to earn itnerest and passive income
With YouHodler you can get the best Dogecoin DOGE interest rate. Here, you can get 3% APY on your DOGE coins.
YouHodler is a cryptocurrency platform offering interest accounts with settlement period of 7 days. This is similar to many other interest platforms, like Celsius and NEXO.
In addition, YouHodler is offering crypto loans and an exchange feature.
YouHodler Pros and Cons
Binance Dogecoin DOGE interest Rate
Binance Dogecoin DOGE interest rate is very bad and it might not be worth to deposit here.
Binanace is the worlds largest crypto exchange and has a lot of great features and savings servives.
For example, Binance has great interest rates for some cryptocurrencies. Read more about best Polkadot DOT interest rates.
Crypto.com Earn Dogecoin DOGE Interest Rates
Earn Dogecoin DOGE interest on your DOGE holdings with the Crypto.com app. Here, you can get an APY up to 5% if you lock your funds for 3 months and stake 10.000 CRO.
The Crypto.com app can be used for many other purposes, like staking the CRO VISA card with great rewards.With the VISA card you can get cashback up to 8%, free Spotify and free Netflix. These are just a few examples of all the rewards available for the CRO VISA card.
Crypto.com App Pros and Cons
- High interest rates (If you stake 10.00 CRO and lock your funds for 3 months)
- Great app
- Great CRO VISA card rewards
- High staking requirements and long lock up periods
Crypto.com SignUp Bonus
When you signup with Crypto.com via our referral link and stake CRO for a Ruby metal VISA card ($400) you will get $25 in a welcome bonus. The ruby card will give you 2% cashback on all purchases and 100% back on Spotify.
Crypto.com Referral Code: mcmk7qgbhh
NEXO Dogecoin DOGE interest Account
NEXO is giving you the possibility to earn among the best Dogecoin DOGE interest on your deposits.
With NEXO you can earn up to 3% interest on DOGE deposits.
This is how you receive 3% on your DOGE deposits at NEXO
To receive 3% interest on your Dogecoin, you have to:
- Become a NEXO Platinum Loyalty tier client. Make sure to hold 10% or more of your Portfolio Balance in NEXO Tokens.
- Earn your interest in NEXO Tokens for up to 2% additional interest.
Read more about the NEXO wallet review with loyalty levels and best interest rates 2022.
Dogecoin DOGE interest Account Risks
As for any investment, Dogecoin DOGE interest accounts involves certain risks.
Most of the risks are between you and the interest account service provider since they are offering the service for you.
However, there can also be risks in the Dogecoin protocol. This is especially true for Dogecoin because there is not much development done for DOGE in comparison with other networks.
Some risks are
- Service provider can be hacked
- Service provider can run bad business and go bankrupt
- Service provider can be a scam or Ponzi scheme
Should I earn interest on my Dogecoin DOGE?
Everyone must make their own decision, whether or not, its worth taking some risk to earn some reward.
In this article, we have discussed the rewards and the potential risks.
One thing to keep in mind is learn proper crypto risk management and don´t put all your eggs in the same basket.
What does this mean?
- You shouldn´t invest all your money into crypto
- You shouldn´t only invest in one crypto
- You shouldn´t buy all your crypto at the same time
- You shouldn´t keep all your money(or crypto) in one place
Where to buy Dogecoin DOGE?
In the table below you can find the best Dogecoin DOGE exchanges. As you can see in the table Crypto.com is offering a great welcome bonus of up to 500 CRO.
In addition, with Binance you can get -20% on all fees Binance will ever charge from you.
Kraken and Coinbase are also great crypto exchanges.
All crypto exchanges listed also offering interest on different cryptocurrencies. However, to see the best interest rates for Dogecoin DOGE you have to check the first table in the article.
Do I have to Pay tax on my DOGE intereest payouts?
Yes, you have to pay tax on your Dogecoin DOGE interest payouts. However, there are great crypto tax software to help you with this task.
We have used Koinly and Cointracking where you connect the crypto tax software to your exchanges via an API. After this, the tax software import and calculate the taxes for you automatically.