Hodlnaut Crypto Platform
DeFinda Score™
| Staking Yields | |
| Loan Rates | |
| Established | |
| Reviews | |
| Risk Management | |
| Withdrawals | |
| Coverage | |
| Support |
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.
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Pros
Very simple easy to understand interface
Interest accrued daily and paid out weekly
Enhanced interest rates available for big depositors (over 100 BTC)
Excellent reviews
Regulated in Singapore
Option to insure your deposits
Cons
Limited number of coins supported
Loans not available for regular users.
Investments in liquidity pools can be higher risk
Liquidity pool investments are only suitable for advanced crypto users
Hodlnaut Savings Accounts
| Yield | Tokens | Term | Yield | Yield Trend | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
7%
|
Instant Access
|
7%
|
|||||||||||||||||||
|
7%
|
Instant Access
|
7%
|
|||||||||||||||||||
|
5.75%
|
180 days
|
5.75%
|
|||||||||||||||||||
|
5.75%
|
180 days
|
5.75%
|
|||||||||||||||||||
|
5.75%
|
180 days
|
5.75%
|
|||||||||||||||||||
|
5.5%
|
90 days
|
5.5%
|
|||||||||||||||||||
|
5.5%
|
90 days
|
5.5%
|
|||||||||||||||||||
|
5.5%
|
90 days
|
5.5%
|
|||||||||||||||||||
|
5.25%
|
30 days
|
5.25%
|
|||||||||||||||||||
|
5.25%
|
30 days
|
5.25%
|
|||||||||||||||||||
|
5.25%
|
30 days
|
5.25%
|
|||||||||||||||||||
|
4.5%
|
Instant Access
|
4.5%
|
|||||||||||||||||||
|
4%
|
Instant Access
|
4%
|
|||||||||||||||||||
|
4%
|
Instant Access
|
4%
|
|||||||||||||||||||
|
3.56%
|
Instant Access
|
3.56%
|
|||||||||||||||||||
|
2.95%
|
180 days
|
2.95%
|
|||||||||||||||||||
|
2.75%
|
180 days
|
2.75%
|
|||||||||||||||||||
|
2.75%
|
180 days
|
2.75%
|
|||||||||||||||||||
|
2.75%
|
90 days
|
2.75%
|
|||||||||||||||||||
|
2.7%
|
90 days
|
2.7%
|
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USDT
USDC
DAI
ETH
BTC
WBTCDeFinda Score™
Staking Yields
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%)
Loan Rates
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.
Established
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.
Reviews
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%).
Risk Management
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.
Withdrawals
ON 8 AUGUST 2022, HODLNAUT FROZE ALL DEPOSITS AND WITHDRAWALS. Hodlnaut should be avoid until this situation is resolved.
Coverage
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.
Support
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
Based on a total of 284 reviews across the web for Hodlnaut we gave the platform an overall rating of 76%.
| Overall User Rating |
|
278 reviews 278 |
| Android App |
|
220 reviews 220 |
| iphone App |
|
54 reviews 54 |
| Trustpilot |
|
4 reviews 4 |
| Overall Expert Rating |
|
6 reviews 6 |
| Compsmag |
|
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| DeFi Nerd |
|
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| Crypto Testers |
|
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| Captain Altcoin |
|
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| The College Investor |
|
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| Show 14 more expert reviews ... | ||
Hodlnaut YouTube Reviews
Hodlnaut Promo Codes & Vouchers
Earn 30 USDC for Referrals
Hodlnaut Fees
| Exchange fees | 0% exchange fees |
| Fiat deposit fee | Fiat deposits not accepted |
| Fiat withdrawal fee | Fiat withdrawls not accepted |
| Crypto deposit fee |
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 |
| 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.
| USDT Tether USDt | Tether USDt |
Countries That Can Use Hodlnaut
Hodlnaut's services are available in all countries EXCEPT:
Hodlnaut Languages
Hodlnaut's supports the following languages: English.
Hodlnaut Key Data
| Legal name | Hodlnaut Pte. Ltd |
| Year founded | 2019 |
| Country incorporated in | Singapore |
| Headquarters country | Singapore |
| Decentralised |
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 |
| Savings accounts |
Yes
|
| Loans |
Yes
|
| Crypto to crypto exchange |
Yes
|
| Fiat to crypto exchange |
No
|
| Pro exchange marketplace |
No
|
| Peer to peer exchange |
No
|
| Corporate accounts |
Yes
|
| Instantly buy crypto with fiat |
No
|
| Integrated crypto wallet |
Yes
|
| Crypto withdrawals to private wallet |
Yes
|
| Fast account verification |
Yes
|
| Insurance level | $44,000,000USD more ...$0USD |
| Cold storage |
Yes
|
| Cold storage custodian | BitGo, Fireblocks |
| Two factor authentication |
Yes
|
| Know your customer |
Yes
|
| Credit check |
No
|
| Regulators | Hodlnaut is in the process of applying for approval under the Payment Services Act in Singapore |
| 24/7 support |
No
|
| Email support |
Yes
|
| Phone support |
No
|
| Chat support |
Yes
|
| 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 |
| DeFi products |
Yes
|
| Independent proof of reserves |
No
|
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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