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Home Platforms Hodlnaut
Hodlnaut reviews
Review Score
95%
932 Reviews
Platform Age
3 Years
HQ Country
Singapore
Max BTC Savings Rate
4%
APR

Average rating of 95% based on 932 reviews.

Founded 3 years ago in 2019.

Headquartered in Singapore.

Bitcoin (BTC) savings rates up to 4% APR.

Go to Hodlnaut earnings calculator

Average rating of 95% based on 932 reviews.

Founded 3 years ago in 2019.

Headquartered in Singapore.

Bitcoin (BTC) savings rates up to 4% APR.

Go to Hodlnaut earnings calculator

Reviewed by Yunis
27 April 2021 (Updated 2 July 2022)

Hodlnaut Review, Pros & Cons and Features

DeFinda Score™

An impartial, objective analysis of Hodlnaut's features to help you compare platforms. Read our full analysis.
Savings Rates
6.1
Loan Rates
2
Age
4.2
Reviews
9.5
Risk Management
8
Withdrawals
9
Coverage
2.3
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.

DeFinda Score™

Savings Rates

6.1

Hodlnaut has market average instant access saving rates for Bitcoin (4%), USD Coin (7%) and Dai (5.75%), however Hodlnaut also has some of the worst instant access saving rates for Ethereum (4.5%), Tether (7%) and Wrapped Bitcoin (4%)

Loan Rates

2

Hodlnaut does 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.

Age

4.2

Hodlnaut was founded in 2019 which makes it 3 years old. That's still quite young as the oldest crypto platforms are 11 years old.

Reviews

9.5

Hodlnaut has an average expert rating of 80%, and an average user rating of 95% based on 926 user reviews. Hodlnaut has over 600 reviews on Trustpilot, with an average user rating of 96%. Expert reviews include Captain Altcoin (84%), DeFi Nerd (88%), Crypto Testers (86%) and Bit Compare (60%).

Risk Management

8

Hodlnaut offers the standard security measures including two factor authentication and email verifcation for all key activities. Withdrawl addresses can be whitelisted for extra security. Deposits that are not loaned out are stored with a third party cold storage custodian, Fireblocks.

One unique feature of Hodlnaut is the ability to insure your deposit directly. Hodlnaut have partnered with iTrust Insure to offer this insurance. You can choose the amount of cover that you want (which can be different to the total amount in your wallet) and then length of time you want cover for. You will then be given an instant insurance quote. The insurance can be purchased with crypto. The insurance covers you against loss as a consequence of Hodlnaut being hacked and you losing more than 10% of your deposit. You will also be insured if the platform freezes deposits for more than 90 days. Outside of this personal insurance, it is not clear what level of company insurance Hodlnaut hold against loss.

Hodlnaut claim to be very selective about who they lend funds to, and only consider organisations with a good credit score. They do not categorically state that all of their loans are overcollateralised, but do state that they have a maximum loan to value of 70%, implying that there should always be sufficient capital to repair the loan in the event of a default by the borrower.

Hodlnaut state in their FAQs that in the event that an unrecoverable loss of depositor funds occurs, say through a loan default, Hodlnaut will cover this loss with Hodlnaut shareholder equity.

Hodlnaut has previously engaged Crowe Singapore to audit and attest that Hodlnaut holds the tokens that it says it does. The last audit that we could find was carried out in May 2021.

Withdrawals

9

Hodlnaut adopts an ultra simple model for its app. You deposit funds and they start earning interest. You withdraw funds are they stop earning. There are no separate savings accounts and no need to move funds out of a savings product before then being able to withdraw from the platform.

You are allowed one free withdrawal per month after which every additional withdrawal attracts a fee of $10 USD. You can elect which transaction you want to use your free withdrawal on. There is a daily withdrawal limit of 100 BTC.

There is an option to enable whitelisting of withdrawal addresses. Using this feature you can restrict withdrawals to specific addresses. Adding a new address takes 48 hours.

All withdrawals must be approved by two factor authentication and by email confirmation.

Hodlnaut states that withdrawals are not instant, however in our experience withdrawal requests were processed extremely quickly, with the request being sent to the blockchain for approval in just a couple of minutes. This was the case even when withdrawal requests were submitted in the middle of the night in Singapore. From there, the total time to receive the funds depends on the blockchain speed.

Coverage

2.3

Hodlnaut supports 9 different cryptocurrencies. Key supported cryptocurrencies include Bitcoin, Ethereum, Tether, USD Coin, Dai and Wrapped Bitcoin. The biggest crypto platforms offer support for over 210 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.

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.

Hodlnaut Reviews

Hodlnaut has excellent reviews overall. People love its easy to use interface, simple concept and lack of any hidden fees. Both the Hodlnaut iPhone App and Android App have very good reviews and people generally find the App easy to use and more convenient than using the Hodlnaut website.

The user review comments on Trustpilot and on the app stores are overwhelming positive. Of course there are some negative reviews, but it is noticeable how Hodlnaut respond to these reviews with a detailed and meaningful response, whereas most other platforms simply copy and paste and standard reply.

Hodlnaut holds all cryptocurrencies in cold storage, not in hot wallets. Wallet structure is provided by Bitgo which is a leading wallet security company. When you open an account on the platform, you are required to verify identity and establish a 2FA authentication to ensure your account doesn’t get hacked. You can also purchase insurance for your assets with a small premium from Nexus Mutual which offers great cover for your assets.

Based on a total of 932 reviews across the web for Hodlnaut we gave the platform an overall rating of 95%.

Hodlnaut Rating
95%
Based on 932 reviews
User Reviews
Overall User Rating
95%
926 reviews 926
Trustpilot
96%
674 reviews 674
Android App
92%
199 reviews 199
iphone App
90%
53 reviews 53
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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 Savings Accounts

Savings Highlights

Hodlanut offers an excellent savings account on its platform that is easy to use and offers rates of up to 7% APR. Interest is calculated daily, paid to you weekly and you can withdraw your funds at any time. Interest is compounded so once interest has been paid out to you then you will start earning more interest on that deposit too.

Hodlnaut offers savings accounts on stablecoins and cryptocurrencies with the highest rates being offered on stablecoins. Rates are tiered with small deposits attracting the highest rates and larger deposits attracting reduced rates (the lower portion of the deposit still attracts the higher rate).

All Hodlnaut savings account payout interest is in the same currency as you deposited or in another currency supported on the platform. You can earn interest in USDT from your BTC funds.

Depositing crypto and stablecoins is free of charge. If customers want to deposit fiat currency, there is a 25 USD fee per deposit and a 4.7% commission if with a credit card. Customers may see delays with deposits if they use banks since most banks still see crypto companies as a red flag. Sending cryptos and stablecoins from a digital wallet is faster and more reliable.

There are no minimum or maximum limits for deposits. Hodlnaut doesn’t charge any fees on deposits. You are allowed one free withdrawal per month after which Hodlnaut charges a fee of $10 USD or equivalent value of crypto per withdrawal.

You need to complete identity verification to be able to deposit funds and start using the platform. All Hodlnaut saving accounts are subject to Singapore’s financial regulations.

You can calculate your potential earnings on Hodlnaut using our Hodlnaut interest rate calculator.

Hodlnaut Savings Interest Rates
Bitcoin
Deposits below 0.1 BTC
4%
APR
Deposits between 0.1 BTC and 1 BTC
3.2%
APR
Deposits above 1 BTC
1.6%
APR
Dai
Deposits below 25,000 DAI
3.56%
APR
Deposits between 25,000 DAI and 100,000 DAI
2.53%
APR
Deposits between 100,000 DAI and 500,000 DAI
0.25%
APR
Wrapped Bitcoin
Deposits below 0.1 WBTC
4%
APR
Deposits between 0.1 WBTC and 1 WBTC
3.2%
APR
Deposits above 1 WBTC
1.6%
APR
Ethereum
Deposits below 5 ETH
4.5%
APR
Deposits between 5 ETH and 100 ETH
4%
APR
Deposits above 100 ETH
2%
APR
Tether
Deposits below 100,000 USDT
7%
APR
Deposits between 100,000 USDT and 500,000 USDT
5.1%
APR
Deposits between 500,000 USDT and 1,000,000 USDT
0.5%
APR
USD Coin
Deposits below 100,000 USDC
7%
APR
Deposits between 100,000 USDC and 500,000 USDC
5.1%
APR
Deposits between 500,000 USDC and 1,000,000 USDC
0.5%
APR

Hodlnaut Loans

Hodlnaut doesn’t offer instant loans for individuals. Customers can not apply or receive a loan from the company.

The company issues loans only for institutional borrowers with a minimum of $50,000 USD or equivalent value of crypto. Loan terms are minimum 3 months or longer. Hodlnaut loans are 70% LTV (loan to value) or lower. LTV is the ratio that determines the amount borrowed compared to the collateral amount.

Holdnout announced that they are very selective about their clients for loan services but there is no clear explanation of what criteria they consider.

Hodlnaut Fees & Limits

Hodlnaut has no hidden fees and no minimum balance requirement. It is completely free to deposit funds except the transfer fees paid for blockchain confirmations. You can withdraw your funds any time without any restrictions. You are allowed one free withdrawal per month after which there is a fee of $10 USD or an equivalent value of crypto per withdrawal.

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 Debit Cards

We are not aware of any debit card offered by Hodlnaut at this time.

Hodlnaut Countries

Hodlnaut is based in Singapore and is subject to Singapore law and regulations. In particular Hodlnaut will not tolerate transactions associated with sanctioned or illicit addresses (such as gambling, darknet or mixer services). Hodlnaut may suspend your account if they find coins associated with these addresses in your account. You should proceed with caution if you are not sure of the origin of your coins.

Hodlnaut's supports the following languages: English.

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 Key Data

Company
Legal name Hodlnaut Pte. Ltd
Year founded 2,019
Country incorporated in Singapore
Headquarters country Singapore
Centralised tick Yes
Number of employees 11-50
Number of users 10,000
Total assets under management $500,000,000USD
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
Fast account verification tick Yes
Security
Insurance level $44,000,000USD
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
Crypto deposit fee Free
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

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

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