Hodlnaut Vs Nexo : 7 Clear Crypto Lending Differences

Are you considering setting up an account through which you can earn interest on your crypto assets? If the answer is ‘yes’, then you may find yourself having to choose between Hodlnaut and Nexo. In this article, you will find a comparison between these two platforms.

Our Hodlnaut Vs Nexo comparison is on the basis of interest rates, supported currencies, security/trust, customer support, fees and payouts among other factors. With regard to all these factors, both Hodlnaut and Nexo have their respective pros and cons.

Hodlnaut Vs Nexo
Hodlnaut Vs Nexo


What Is Hodlnaut?

Hodlnaut is a platform that allows people to earn interest on their crypto assets. Based in Singapore, and founded in 2019, Hodlnaut allows investors to earn as much as 12.73% APY interest on cryptocurrencies like BTC, DAI, USDC, WBTC and of course ETH.


What Is Nexo?

Nexo is also a platform that allows people to earn interest on their crypto assets. Founded in 2017, Nexo lets individuals take loans with their crypto assets as collateral as well.


Hodlnaut Vs Nexo Interest Rates

Hodlnaut interest rates depend on the number and type of cryptocurrency coins that one deposits/invests.

For BTC, if you have less than 2 BTC, Hodlnaut will give you 7.46%. If you have between 2 and 8 BTC, Hodlnaut will give you 4.08%. And if you have between 8 and 90 BTC, Hodlnaut rates will be 2.02%. For more than 100 BTC, Hodlnaut gives you 1%.

Turning to USDC, Hodlnaut will give you 12.73% if you have between 0 and 25,000 USDC.

For between 25,000 and 100,000 USDC, Hodlnaut interest rates will be at 7.25%. And for between 100k and 500k USDC coins, Hodlnaut rates are at 3.56%. Finally, for anything above 500k USDC, Hodlnaut interest rates are at 2.84%.

Turning to ETH, Hodlnaut interest rates are as follows. For less than 20 ETH coins, they pay 7.46%. Then for between 20 and 80 ETH coins, you get 4.08%. And for more than 100 ETH coins, you get 2.02%.

Now turning to the Nexo interest rate, we see that it depends on the type of crypto asset you have, and the token you wish to be paid interest in.

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For BTC, Nexo will give you 6% interest if you demand payment in kind. But if you accept payment in their native Nexo coin, that goes up to 8%.

For USDC and USDT, Nexo will pay you 10% if you demand payment in kind. If you accept payment in the native Nexo coin, Nexo interest rate goes up to 12%.

So from our Nexo vs Hodlnaut comparison on this aspect, it becomes clear that Hodlnaut offers somewhat higher interest rates on most assets. But there are also those who will argue that Hodlnaut risks are also somewhat higher.


Hodlnaut Vs Nexo Supported Coins

In Hodlnaut, you can only make deposits in 6 coins. On the other hand, in Nexo, you can make deposits in 21 coins.

Still, it is worth noting that the 6 Hodlnaut supported coins are the major ones. So this may not be too much of an issue. The coins in question include BTC, ETH, USDT, WBTC, USDC and DAI.

Key coins that Nexo supports, and which Hodlnaut doesn’t support include the likes of LINK, LTC, BNB, ADA and DASH, among others.

It is worth noting that Nexo gives you the option of buying its native coin (the Nexo) coin directly on its platform. In Hodlnaut, this option of buying crypto directly on the platform is not there.

Further still, while Nexo will allow you to deposit fiat currencies, Hodlnaut doesn’t.

All in all, in the Hodlnaut Vs Nexo comparison with regard to supported coins, Nexo wins.


Hodlnaut Vs Nexo Security

Hodlnaut adheres to web security best practices. Those include password hashing as well as 2FA (two factor authentication). Security-wise, Hodlnaut is based on Fireblocks custodianship.

Nexo on the other hand, also adheres to web security best practices. On top of basic things like password hashing and two factor authentication, it also uses email confirmation for important transactions, as well as biometrics.

And besides working with Fireblocks as custodians, Nexo also works with BitGo and Ledger Vault.

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Hodlnaut was set up in 2019. As of this writing, it has around 10,000 users. The assets under its management have the value of around $500m.

Nexo on the other hand, was set up in 2017. As of this writing, it has about 2 million users. The assets under its management have the value of $15 billion. Clearly, Nexo is a better established platform. But Hodlnaut is growing.

Ultimately, our Nexo vs Hodlnaut comparison with regard to security or trust levels, Nexo seems to win. But if you check most Hodlnaut review threads on platforms like Reddit, users say that its security structure is still good enough, and non-stifling.


Hodlnaut Vs Nexo Customer Support

Both Hodlnaut and Nexo offer decent customer support. Nexo seems to have the slight edge in the fact that it also offers real-time web-based chat support (24/7), which Hodlnaut doesn’t seem to do.

But then again, because Hodlnaut is a smaller operation, it is able to offer more personalized one on one support.

On the other hand, Nexo’s online knowledge base is richer. And Hodlnaut reddit community is much smaller than Nexo’s.

Still, in terms of one-on-one customer support, our Hodlnaut Vs Nexo comparison gives Hodlnaut a slight win.


Hodlnaut Vs Nexo Mobile App

Both Hodlnaut and Nexo have decent mobile apps.

The Nexo mobile app has been in existence for longer. They have therefore had the chance to tweak it and improve it continually for a while longer than Hodlnaut. But Hodlnaut seems to have put in a lot of effort in coming up with a truly good app.

Ultimately, if we have to give a verdict one way or the other, the Nexo app would win marginally.


Hodlnaut Vs Nexo Fees

Hodlnaut always charges withdrawal fees. It doesn’t seem to have free withdrawal offers. Nexo, on the other hand, gives at least one free withdrawal per day (and one may get more free withdrawals depending on their loyalty level).

Hodlnaut withdrawal fees are 0.00004 BTC (for Bitcoin withdrawals), 0.0036 ETH for Ethereum withdrawals, 0.0004 WBTC and 10 USDC.

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Even when Nexo charges withdrawal fees, they are rather pocket-friendly.

So to the extent that Nexo offers free withdrawals, and charges low withdrawal fees once the free withdrawals are exhausted, it wins in this regard.


Hodlnaut Vs Nexo Payouts

Both Hodlnaut and Nexo have this system where interest is compounded every day.

However, in Hodlnaut the compounded interest is only credited to your account every Monday.

But in Nexo, the compounded interest is credited to your account daily. This, going by most Nexo Reddit threads, is quite a strong attraction to Nexo.

So in this aspect of Nexo vs Hodlnaut comparison, Nexo wins.


Hodlnaut Vs Nexo Loan

Nexo can give a loan to you, as an individual investor. And going through Nexo loan Reddit threads, it becomes clear that Nexo loan terms are quite friendly.

Noteworthy, while Nexo collateral requirements are stringent enough to protect investors, they are not too harsh on the borrowers.

Hodlnaut is not in a position to give you a loan as an individual investor. Hodlnaut loan is apparently only available for institutional borrowers. But for those, Hodlnaut collateral requirements are quite reasonable.

Ultimately, if you want a platform where you can both invest and borrow, Nexo is better. It also allows you (as an individual investor) to take loans, with your crypto as collateral. So in this aspect of Nexo vs Hodlnaut comparison, Nexo wins.

Hodlnaut Vs Nexo
Hodlnaut Vs Nexo


Final Verdict – Hodlnaut Vs Nexo

For things like base interest rates and one on one customer support, Hodlnaut comes across as the better platform. 

But for things like withdrawal fees, availability of loans, mobile app quality, payouts, level of trust/establishment and supported coins, Nexo comes across as the better platform.

Hodlnaut website | Nexo website