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Home Cryptocurrencies Highest Yielding Cryptocurrencies

Highest Yielding Cryptocurrencies
March 2024

If you just want to find the cryptos with the highest possible return then our list below shows the tokens with the highest APR or APY return and which platform to invest on to achieve that return. Interest rates shown are for the best available instant access account assuming no deposit is made in the platform's own loyalty token. Higher crypto interest rates can be earned on many platforms by committing funds to a minimum term or by buying some of the platform's own token.
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How to Find the Highest Yielding Cryptocurrencies?

Some of the highest yielding cryptos are often either stablecoins or gaming coins

Finding the highest yielding cryptocurrencies can take extensive research. There are thousands of cryptocurrencies and hundreds of potential DeFi and CeFi investment platforms with each platform offering multiple investment options. Luckily we've done the hardwork for you. We've checked each token for the platform and product that offers the highest interest rate.

Some of the highest yielding cryptos are often either stablecoins such as USDT and USDC or gaming coins such as Axie Infinity and Illuvium. These tokens are in high demand and many platforms offer special promotional interest rates in order to attract deposits.

Tiered Interest Rates

The rates shown in this table are for the smallest deposit level on each platform. Many platforms offer tiered interest rates, with rates reducing for larger deposit sizes. Keep in mind that your return could be smaller if you have a large amount of crypto invest.

You can calculate the potential earnings for your actual deposit size on our savings page.

Fixed Term Deposits

You can increase your return by committing to a fixed term deposit

Rates shown are for deposits made on instant access terms. You can normally increase your yield by committing to a fixed term of 30 days or more. This means that you money is locked up for 30 days.

Some platforms will prevent you from accessing the funds for the full deposit term. Others will still allow you access to the funds before the end of the term, but if you withdraw your funds early you will forfeit the interest earned.

Loyalty Tokens

Increase your earnings further by buying some loyalty tokens

You can earn enhanced rates on some platforms by buying the platform's own loyalty token. Investments in these tokens will grant you access to higher interest rates, often on a tiered basis with the interest rate increasing the more loyalty tokens you hold.

Some platforms require you to hold a minimum quantity of platform tokens. Other platforms require that a minimum percentage of your portfolio is held in the loyalty token. On these platforms increasing your crypto deposits can push you in to a lower interest rate band because the percentage the portfolio held in loyalty tokens is reduced. Conversely withdrawing funds can sometimes push you up in to a higher interest rate band.

You can opt to have your interest paid out in the loyalty tokens of the platform which can be a good way of gradually building up loyalty tokens and advancing to the higher interest rate bands.

Market Volatility

Be careful when buying a token just to benefit from the high APR available on it. Whilst the yield may be high, this may reflect greater volatility in the value of the asset. Your monthly earnings may be high with a particular token but you may find those earnings are offset by a drop in the value of the coin itself.

Relinquishing Control of Your Crypto

If you currently have your crypto stored on a hardware wallet then you are in full control of the private keys for your crypto. No matter what happens you control those keys and it is extremely difficult for a third party to compromise your account or steal your funds.

Holding your crypto on a hardware also means you are fully responsible for storing your hardware wallet and the backup seed phrase for recovering your funds in case the wallet in damaged or lost. If something goes wrong there is no customer service number to call to get your money back.

When you transfer your crypto from your hardware wallet to a crypto platform in most cases you relinquish control of your crypto to the platform. In effect you are loaning the platform your crypto and when you withdraw the funds back to your hardware wallet the platform is repaying that loan.

By transferring your cryptocurrency to the platform, you are trusting the platform to take good care or your funds. Many platforms have extensive positive customers reviews as well as advanced security measures and insurance in place to protect your crypto. You can fully research each platform on our platforms page.

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Matt logo
Article by Matt
31 March 2022 (Updated 17 March 2024)
Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

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