Téléchargez l'application Tap

Scannez le code QR pour télécharger l'application

QR code to scan for downloading the Tap app

How to find the best crypto savings account

In this article, we're going to point out the vital information that you will want to look out for when selecting a crypto savings account.

Linkedin logo

While you might be well acquainted with how to buy, sell and store cryptocurrencies, did you know that you can also earn interest on this money? Without getting too technical - we're certainly not going to throw you into the DeFi deep end - we're going to point out the vital information that you will want to look out for when selecting a crypto savings account in this article.

What is a crypto savings account?

A crypto savings account refers to an account where users can store their digital currencies and earn interest or rewards. Instead of engaging in or trading on any DeFi (decentralized platforms), these accounts typically offer a safer alternative and more reliable returns with no added cost. Having said that, there are a number of factors one should consider before depositing any capital onto a platform. 

How to find the best crypto savings account

See our checklist of the top factors to consider before using a crypto savings account. 

Verify the platform

Before you get started, ensure that you don't get lured into any crypto accounts that sound too good to be true. As a golden rule of thumb piece of advice, always ensure that the platform or exchange hosting the account is reliable, trustworthy and regulated. Currently there are plenty of choices on the market, ensure you find one that suits your needs.

Currencies supported

Next, you'll want to check which currencies are supported in the specific earn program. Some interest-bearing accounts only support Bitcoin, while others support a range of cryptocurrencies. Some accounts even offer interest for fiat currencies. Some platforms will allow users to purchase cryptocurrencies directly through them or might require users to deposit the funds into the allocated account.

Interest rates

According to Bankrate, the average interest rate for savings accounts is 0.06%. Interest on crypto tends to be much higher, so always check that the interest rate you are committing to is competitive. 

Lock-in periods

Some crypto interest accounts require users to lock away their funds for a certain period of time. This can range from days to months, depending on the platform and often the interest rates too (the longer the lock-in period the higher the returns). Ensure that you are aware of the lock-in period prior to depositing your funds as once they are in they cannot be accessed. 

Minimum amounts

Some earn programs require a minimum amount to be deposited in order to earn interest on the funds, while others offer higher interest rates but only to larger deposits. Ensure that you are aware of how much needs to be deposited in order to earn the promised interest, as well as the minimum required amount. 


Check if there are any fees associated with using the crypto saving account before joining the platform.

Finding the best crypto savings account

We might be biased but we did create our Earn program to provide the best product offering on the market. Our Tap Earn program is available through the mobile app and offers users up to 8% APY (annual percentage yield), available to users around the world including UK and EU.

Catering to both crypto enthusiasts and the most risk-averse investors, Tap offers a convenient passive income generation programs on both crypto and fiat currencies, allowing users to earn interest across a wide portfolio of assets. 

With no minimum amounts or lock-in periods, the Tap Earn program offers the easiest and most convenient means to earn passive income for assets you already own. On top of that, interest is paid out weekly, offering users the chance to earn compound yield on their crypto and fiat savings.

Tap is authorized and regulated by the Gibraltar Financial Services Commission. For more guidance on passive income generation and credit bearing accounts please contact your financial advisor.


This article is for general information purposes only and is not intended to constitute legal or other professional advice or a recommendation of any kind whatsoever and should not be relied upon or treated as a substitute for specific advice relevant to particular circumstances. We make no warranties, representations or undertakings about any of the content of this article (including, without limitation, as to the quality, accuracy, completeness or fitness for any particular purpose of such content), or any content of any other material referred to or accessed by hyperlinks through this article. We make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up-to-date.


Frequently Asked Questions