• Average rating of 78% based on 281 reviews.
• Founded 4 years ago in 2019.
• Headquartered in Singapore.
• Bitcoin (BTC) staking yield up to 4% APR.
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.
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
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.
DeFinda Score™
Staking Yields
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 275 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 330 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
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 281 reviews across the web for Hodlnaut we gave the platform an overall rating of 78%.
| Overall User Rating |
|
275 reviews 275 |
| Android App |
|
217 reviews 217 |
| 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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| Bit Compare |
|
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| Financial Chickens | ||
| The Finance | ||
| Average Cash | ||
| Turtle Investor | ||
| Kelbin.medium.com | ||
| Show 8 more expert reviews ... | ||
Hodlnaut YouTube Reviews
Hodlnaut Promo Codes & Vouchers
Earn 30 USDC for Referrals
Hodlnaut Staking & Savings Accounts
- Earn up to 7% APR
- Interest calculated daily and paid weekly
- Compound interest
- Tiered rates
- All accounts are instant access
- Only BTC, ETH and major Stablecoins
- Available in worldwide
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.
| How Much Can I Earn on Hodlnaut | |
|---|---|
|
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
|
|
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
|
|
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
|
|
PAX Gold
|
1%
APR
|
| Show more rows | |
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.
| 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 Debit Cards
We are not aware of any debit card offered by Hodlnaut at this time.
Hodlnaut Supported 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:
Hodlnaut Key Data
| Legal name | Hodlnaut Pte. Ltd |
| Year founded | 2,019 |
| 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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