Sign In
Sign Up
DeFinda Logo
Find & Compare DeFi Products
usd logo USD
Home Platforms Hodlnaut
Hodlnaut reviews

Average rating of 76% based on 283 reviews.

Founded 5 years ago in 2019.

Headquartered in Singapore.

Reviewed by Yunis
27 April 2021 (Updated 24 February 2024)

Hodlnaut Crypto Platform

DeFinda Score™

An impartial, objective analysis of Hodlnaut's features to help you compare platforms. Read our full analysis.
Staking Yields
5
Loan Rates
2
Established
3
Reviews
8
Risk Management
1
Withdrawals
1
Coverage
2
Support
6

Hodlnaut is a cryptocurrency platform that offers savings accounts and some exchange services. Hodlnaut offers savings rates as high as 7% APR on deposits, with no hidden fees and instant access to your funds. The platform is one of most simple and easy use of all the crypto platforms.

The platform was founded in 2019 by Juntao Zhu and Simon Lee. Hodlnaut is created for lending and borrowing crypto assets. The company is based in Singapore. The company operates under Singapore Law and comply with the Payment Services Act on January 28th, 2020. The platform hasn’t been funded by venture capital and doesn’t have its own token. The company is managing $500M USD in assets with 10,000+ users according to its website.

Hodlnaut offers both a web app and mobile apps for its platform. Both apps are fairly easy to navigate and simple to use. There are only a few crypto currencies and stablecoins supported on the platform. Hodlnaut accepts only major cryptos like BTC, ETH, WBTC and major stablecoins like DAI, USDT, USDC, The apps can be used to deposit cryptocurrencies into an online wallet, buy and sell cryptocurrencies, move funds into interest bearing savings accounts.

Once your funds are deposited you will instantly start earning interest, which is calculated daily and paid out weekly. Interest is paid either in the same currency as you deposited, or any other currency on the platform. There are no withdrawal limits. Hodlnaut asks users to verify their identity before depositing funds.

If you are looking for a simple and standard crypto savings platform, Hodlnaut suits you well. There are only 6 major currencies available on the platform and 3 of them are the most used stablecoins. you can easily navigate around on the app. It is an easy-to-use app to hold your BTC or ETH and earn interest.

Hodlnaut only offers loans only for institutional clients. The minimum amount is $50.000 USD and the terms are 3 months and more.

Hodlnaut is a simple platform that puts security in the first place. Holdnaut claims to have leading custody in the market. The platform offers its users the option of buying personal custody cover for their funds through Nexus Mutual’s Hodlnaut Custody Cover smart contract with a very small premium.

If you are new to cryptos and want to stay in the safe zone, Hodlnaut is a good start.

Pros

tick Very simple easy to understand interface
tick Interest accrued daily and paid out weekly
tick Enhanced interest rates available for big depositors (over 100 BTC)
tick Excellent reviews
tick Regulated in Singapore
tick Option to insure your deposits

Cons

cross Limited number of coins supported
cross Loans not available for regular users.
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

Hodlnaut Savings Accounts

1
Hide Filters
Term
Clear
Select All
Yield
Clear
Token Type
Clear
Select All
Columns
  Yield Tokens Term Yield Yield Trend
7%
500,000 USDT to 1,000,000 USDT
USDT 0.5% APR
Instant Access
7%
500,000 USDT to 1,000,000 USDT
USDT 0.5% APR
7%
500,000 USDC to 1,000,000 USDC
USDC 0.5% APR
Instant Access
7%
500,000 USDC to 1,000,000 USDC
USDC 0.5% APR
5.75%
DAI 5.75% APR
180 days
5.75%
DAI 5.75% APR
5.75%
USDT 5.75% APR
180 days
5.75%
USDT 5.75% APR
5.75%
USDC 5.75% APR
180 days
5.75%
USDC 5.75% APR
5.5%
DAI 5.5% APR
90 days
5.5%
DAI 5.5% APR
5.5%
USDT 5.5% APR
90 days
5.5%
USDT 5.5% APR
5.5%
USDC 5.5% APR
90 days
5.5%
USDC 5.5% APR
5.25%
DAI 5.25% APR
30 days
5.25%
DAI 5.25% APR
5.25%
USDT 5.25% APR
30 days
5.25%
USDT 5.25% APR
5.25%
USDC 5.25% APR
30 days
5.25%
USDC 5.25% APR
4.5%
Over 100 ETH
ETH 2% APR
Instant Access
4.5%
Over 100 ETH
ETH 2% APR
4%
Over 1 BTC
BTC 1.6% APR
Instant Access
4%
Over 1 BTC
BTC 1.6% APR
4%
Over 1 WBTC
WBTC 1.6% APR
Instant Access
4%
Over 1 WBTC
WBTC 1.6% APR
3.56%
100,000 DAI to 500,000 DAI
DAI 0.25% APR
Instant Access
3.56%
100,000 DAI to 500,000 DAI
DAI 0.25% APR
2.95%
WBTC 2.95% APR
180 days
2.95%
WBTC 2.95% APR
2.75%
BTC 2.75% APR
180 days
2.75%
BTC 2.75% APR
2.75%
ETH 2.75% APR
180 days
2.75%
ETH 2.75% APR
2.75%
ETH 2.75% APR
90 days
2.75%
ETH 2.75% APR
2.7%
WBTC 2.7% APR
90 days
2.7%
WBTC 2.7% APR
No matching yield products found

DeFinda Score™

Staking Yields

5

Hodlnaut has some of the best instant access saving rates for Bitcoin (4%), however Hodlnaut also has some of the worst instant access saving rates for Tether (7%), Wrapped Bitcoin (4%) and PAX Gold (1.1%)

Read more ...

Loan Rates

2

Hodlnaut does not offer loans to regular users. Hodlnaut only offers loans to institutional clients, with a minimum loan size of $50,000 USD and minimum term of 3 months.

Read more ...

Established

3

Hodlnaut was founded in 2019 which makes it 4 years old. That's still quite young as the oldest crypto platforms are 16 years old.

Hodlnaut has approximately 30 employees. That makes it one of the smaller crypto platforms by number of employees.

Hodlnaut has a total of approximately 500 million USD of assets under management. Hodlnaut is one of the smaller crypto platforms measured by assets held. The biggest crypto platforms are managing up to 21 billion USD of assets.

Read more ...

Reviews

8

Hodlnaut has an average expert rating of 80%, and an average user rating of 78% based on 276 user reviews. Expert reviews include Captain Altcoin (84%), DeFi Nerd (88%), Crypto Testers (86%) and Bit Compare (60%).

Read more ...

Risk Management

1

Hodlnaut make strong claims about sensible risk management policies they have adopted, including being very selective about who they lend to. They even state that should an unrecoverable loss occur, then investors will be reimbursed out of shareholder equity. They also engaged Crowe Singapore to audit and attest that Hodlnaut holds the tokens that it says it does, although the last audit that we could find was carried out in May 2021.

Unfortunately, it has since transpired that risk management was not as robust as they claimed it to be. In August 2022, liquidity issues forced the platform halt all withdrawals and deposits. We have to hope that the platform is able to successfully restructure.

Read more ...

Withdrawals

1

ON 8 AUGUST 2022, HODLNAUT FROZE ALL DEPOSITS AND WITHDRAWALS. Hodlnaut should be avoid until this situation is resolved.

Read more ...

Coverage

2

Hodlnaut supports 10 different cryptocurrencies. Key supported cryptocurrencies include Bitcoin, Ethereum, Tether, USD Coin, Dai and Wrapped Bitcoin. The biggest crypto platforms offer support for over 33 different cryptocurrencies.

Support for a larger number of cryptocurrencies is helpful if you are looking for trading opportunities, but may be less important if your priority is long term investment in one of the major cryptos.

Read more ...

Support

6

Hodlnaut offers support by email and online chat, however they do not offer support by phone and do not offer 24 hour support.

Read more ...

Hodlnaut Reviews

Based on a total of 283 reviews across the web for Hodlnaut we gave the platform an overall rating of 76%.

User Reviews
Overall User Rating
76%
277 reviews 277
Android App
74%
219 reviews 219
iphone App
84%
54 reviews 54
Trustpilot
90%
4 reviews 4
Add your own review
Leave a Review for Hodlnaut
Submit Review

Hodlnaut YouTube Reviews

Hodlnaut Promo Codes & Vouchers

Free 70 USDT

When you deposit $11,000
CodeClick to Reveal Code

$30 Free USDC

When you deposit $1,000
CodeClick to Reveal Code

Earn 30 USDC for Referrals

Earn 30 USDC for every friend you refer to Hodlnaut
CodeClick to Reveal Code

Hodlnaut Fees

Fees
Exchange fees 0% exchange fees
Fiat deposit fee Fiat deposits not accepted
Fiat withdrawal fee Fiat withdrawls not accepted
Crypto deposit fee tick Free
Crypto withdrawal fee 1 free crypto withdrawl per month, Bitcoin 0.0004BTC, DAI 10 DAI, Ethereum 0.0036 ETH, USD Coin 10 USDC, Tether 10 USDT
Limits
Crypto wallet withdrawal limit 100BTC per day
Savings crypto account withdrawal limit 100 BTC per 24 hours

Hodlnaut Supported Currencies

Hodlnaut supports over 9 currencies including Bitcoin, Ethereum, Tether USDt and Terra Classic.

Countries That Can Use Hodlnaut

Hodlnaut's services are available in all countries EXCEPT:

Congo, the Democratic Republic
Cuba
Iran
Iraq
North Korea
South Sudan
Sudan
Syrian Arab Republic
Ukraine

Hodlnaut Languages

Hodlnaut's supports the following languages: English.

Hodlnaut Key Data

Company
Legal name Hodlnaut Pte. Ltd
Year founded 2019
Country incorporated in Singapore
Headquarters country Singapore
Decentralised cross No
Number of employees 11-50
Number of users 10,000
Total assets under management $500,000,000USD more ...$0USD
Withdrawal time in hours 1hours more ...0hours
Products
Savings accounts tick Yes
Loans tick Yes
Crypto to crypto exchange tick Yes
Fiat to crypto exchange cross No
Pro exchange marketplace cross No
Peer to peer exchange cross No
Corporate accounts tick Yes
Instantly buy crypto with fiat cross No
Integrated crypto wallet tick Yes
Crypto withdrawals to private wallet tick Yes
Fast account verification tick Yes
Security
Insurance level $44,000,000USD more ...$0USD
Cold storage tick Yes
Cold storage custodian BitGo, Fireblocks
Two factor authentication tick Yes
Know your customer tick Yes
Credit check cross No
Regulators Hodlnaut is in the process of applying for approval under the Payment Services Act in Singapore
Support
24/7 support cross No
Email support tick Yes
Phone support cross No
Chat support tick Yes
Fees
Exchange fees 0% exchange fees
Fiat deposit fee Fiat deposits not accepted
Fiat withdrawal fee Fiat withdrawls not accepted
Crypto deposit fee Free
Withdrawal process On 8 August 2022 Hodlnaut froze all withdrawals.
Withdrawal time 1 hours more ...0 hours
Crypto withdrawal fee 1 free crypto withdrawl per month, Bitcoin 0.0004BTC, DAI 10 DAI, Ethereum 0.0036 ETH, USD Coin 10 USDC, more ... Tether 10 USDT
Crypto wallet withdrawal limit 100BTC per day
Savings crypto account withdrawal limit 100 BTC per 24 hours
Investment Strategy
DeFi products tick Yes
Independent proof of reserves cross No
Key People
Juntao Zhu
Co-Founder and CEO
Simon Lee
Co-Founder and CTO
Henry Hee
Software Engineer
Hangchen Xiong
Software Engineer
Ailin Chua
Software Engineer
Alexander Chen
Software Engineer
Alden Lim
Software Engineer
Kenneth Tan
Software Engineer
Sten Ivan
Head of Growth
Megan Lois Lau
Business Development Executive
Chang Teck Goh
Social Media Manager
Akanksha Giradkar
Copywriter
Vicjy Nugroho
Brand Designer
Cherie Swee
Product Manager
Heng Qian Yi
Business Development Intern
Juliana Leong
Content Marketing Intern
Shayna Ang
HR, EA to CEO
Marcus Gan
Senior Compliance Officer
Pin Hui Lee
Compliance Officer
Bjorn Lindfors
Technology Partner at Antler
Licenses & Certifications
Payment Services Act 2020
Major Payment Institution License - Monetary Authority of Singapore (MAS) under the Payment Services

AHodlnaut is incorporated in Singapore, and also have their headquarters in this country.
ALooking at reviews from across the web, Hodlnaut has an average review score of 76% based on 283 reviews.

Useful Links

Hodlnaut Contact Details

https://www.hodlnaut.com/
info@hodlnaut.com
support@hodlnaut.com
Holdnaut - 24 Raffles Place, Clifford Centre, Singapore (048621)
Holdnaut - 838 Lai Chi Kok Road Laford Centre Cheung Sha Wan Kowloon

Platform Comparisons

Why Compare With Definda?

tick Completely Impartial

We always rank and compare products objectively and impartially.

tick Careful Research

We carefully research products for legitimacy before adding them to the platform.

tick We Never Sell Your Data

We never sell or disclose your data to anyone.

© DeFinda 2024
Share Page Using
Twitter
Email
Whatsapp
Facebook
Reddit
LinkedIn