Hodlnaut Review: Is it Worth it? (2022)

Hodlnaut Review

Hodlnaut Review:

Are you wondering if Hodlnaut is worth it? Is Hodlnaut safe? In this Hodlnaut review, we'll be looking at Hodlnaut's various features, their interest rates, their security measures, licenses, and finally decide whether or not Hodlnaut is a serious contender for the best platform to earn interest on cryptocurrencies.

+ Get a $30 Bonus on Hodlnaut.

Hodlnaut Review

Hodlnaut Review: History and Background

Back in 2015, Juntao made his first purchase of Bitcoin and started doing spot arbitrages across different cryptocurrency exchanges. However, he was taxed a lofty 55 percent capital gain tax in Japan which led him to return to Singapore.

Filled with an unfaltering passion for Bitcoin, Juntao pitched his idea for creating Hodlnaut to Simon when they were introduced to each other through a mutual friend in 2018. This led to the birth and official launch of Hodlnaut, a crypto-borrowing and lending platform that helps investors improve the return on their assets. Cryptocurrency investors can now earn interest on their crypto and unlock its full value via yield farming instead of only profiting from off-price increments.

Hodlnaut Review: Security and Privacy

At Hodlnaut, the team takes a security-first approach, and they do not use hot wallets which are vulnerable to online attacks. Instead, Hodlnaut uses Fireblocks' multi-party computation wallet infrastructure where each user will be assigned a unique address generated by Fireblocks. When cryptocurrencies are deposited with Hodlnaut via the unique address given to its users, they are received through the Fireblocks' secure wallet infrastructure. On the backend, Hodlnaut will either transfer the cryptocurrencies to its self-custodied cold wallets or lend them to borrowers.

Hodlnaut Review: Guarantees and Insurance

Hodlnaut does not provide insurance or guarantees on funds by default. If you wish to have additional protection on your funds, you can get optional custody cover for your funds through Nexus Mutual’s Hodlnaut Custody Cover smart contract at a small premium directly on the platform, if you'd like to learn more about it, follow the link below.

Hodlnaut Review: Licenses

Being incorporated in Singapore, Hodlnaut has applied for the Major Payment Institution license under the Payment Services Act and is currently in the process of obtaining its license. At present, Hodlnaut has been granted an exemption from holding a license under the Payment Services Act and therefore is able to continue offering its products and services to its users.

As part of its continuous goal to remain compliant with local regulations, Hodlnaut takes a proactive approach toward assessing its own regulatory compliance.

Hodlnaut Review: Funding and Partners

There has been no funding, running on pre-seed funding of $100k since 2019 from Antler. The company has been operating solely on profits ever since, it has worked with partners like Tokenize Exchange and Okcoin, and has been featured on Coingecko, Cointelegraph and Coindesk.

Hodlnaut Review: Interest Rates

Want to earn high-interest rates on your crypto? With Hodlnaut you can earn up to 12.73% APY on your cryptocurrencies, Hodlnaut offers some of the highest APY in the market. Keep in mind that Hodlnaut interest rates are adjusted to ensure users can maximize their earning opportunities. The tiers structure is introduced to reflect the current market conditions, in order to check the latest rates, please follow the link below.

Hodlnaut Review: Fees

Hodlnaut interest fees operate on withdrawal activities only, adjusted to current blockchain market conditions, with all deposits free of charge.

Hodlnaut currently offers one free withdrawal per calendar month. Subsequent withdrawals will be charged with fees as listed on the Hodlnaut website. Withdrawal fees are regularly adjusted according to blockchain conditions, if you'd like to check the latest pricing, please follow the link below

Hodlnaut Review: Pros & Cons

Hodlnaut: Pros

  • Interest in your crypto of up to 12.73% APY.
  • Preferred Interest Payout to automatically DCA into your favorite crypto.
  • No-fees Token Swap feature
  • Interest accrued daily at 5 PM (GMT + 8), paid weekly on Mondays at 5 PM (GMT + 8)
  • 1 Free Withdrawal a month
  • iTrust integration: purchase custody cover on your assets with Hodlnaut

Hodlnaut: Cons

  • It doesn't hold a license from the Monetary Authority of Singapore yet
  • It doesn't offer free insurance on your deposits
  • Relatively new when compared to other alternatives

Hodlnaut Review: Verdict

After our Hodlnaut review, we came to the conclusion this is one of the most promising platforms in the crypto market.

Hodlnaut is relatively new when compared to some of the other alternatives, nonetheless, the service it offers is truly admirable!

It offers some of the highest interest rates in the market, and you can even choose which crypto you want to receive as interest - regardless of the cryptos you are staking.

You also get one free withdrawal per month, unfortunately, Hodlnaut still doesn't hold a license, and it doesn't offer free insurance.

This is likely to change in the future since Hodlnaut has already applied for a license and is waiting for approval, it will also soon introduce fiat on-ramp, automated swaps, and there are rumors of a debit card being in the works.

The customer service is excellent, and, if Hodlnaut keeps in the right track, it could very well become the best platform of its kind.

Use the link below and get a $30 bonus on Hodlnaut!

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About Dalton Rush

Dalton Rush has always been aware of a centuries-old cult's intent to control the majority through centrally controlled global organizations by deceiving the public into accepting their system with the help of multiple made-up crises. This is why he developed a passion for self-education, self-expression, freedom, privacy, and independence, all of which led to the creation of RushRadar.

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