Hodlnaut Long-Term Review; And Upcoming Android Launch!

I have been using Hodlnaut for 4 months now, and I first introduced it in my post here where I talk about how you can earn up to 12.7% APY on your crypto assets such as Bitcoin, Ethereum and Stablecoins like USDC, USDT and DAI.

Today, I would like to share my review after using it for some time and some feedbacks as a user myself.

Crypto Market moves extremely quickly

Crypto market is a crazy place, and over the past few months, we saw the rise of NFT season in August, Layer 1 Season where different blockchains like Solana, Fantom, Avalanche, Terra and many more saw 2x-7x gains in the span of a few months.

Right now with the fears of Evergrande’s default contagion spooking the entire financial market while governments are continuing to pump liquidity to reassure the market and also Fed announcing the imminent tapering of bond purchases and rate hikes, we saw a slight relief rally among the markets, including crypto.

Even through all these craziness, if you continued to hold on to your investments with conviction and even buying dips during the dumps, you should be in profit right now.

Hodlnaut is robust and easy to use

Throughout this 4 months of experimenting with Hodlnaut, I didn’t experience any sort of stability issues even during turbulent times and was able to deposit and withdraw my crypto with ease. The app is so simple to use that even kids will be able to navigate the app with ease, so kudos to the team on that!

For a more detailed review of Hodlnaut, you would want to check out my review here first before moving on.

I have been receiving weekly payouts every week and earned 4-digits passive income from my interest accrual over the past 4 months. How much does savings account give again?

Hodlnaut Team listens to the Community

One thing I am heartened about Hodlnaut is that they are extremely receptive of community feedbacks and are constantly trying to think from the customer’s perspective to provide a top-tier security crypto platform with market beating products that benefit the users.

From June when I first introduced it till now, some of the awesome things they did were:

1. Lowering withdrawal fees
2. Introduced Preferred Interest Payout (Pay you the crypto of your choice)
3. In-App Access to Insurance Purchase from Nexus Mutual
4. Introduction of Tier-ed interest and Increasing Base Interest Rates
5. Launched their iOS App
6. In-App Token Swap Feature

The team is very dedicated to improving their platform so I think I am very humbled to have introduced this awesome app to many crypto users and for those who used my referral link, thank you from the bottom of my heart as well!

Revamped Referral Program

Currently, they are offering a new referral program for new Hodlnaut users that will run from September 20, 2021 to October 22 and you get to earn up to 1040 USDC for doing so as well!

This is how the referral will work:

Tier 1: Earn a one-time bonus of 40 USDC for the first active user you refer.

Tier 2: For every additional active user that is referred after the first user, the referrer will get 20 USDC per new user.

Theres also a requirement for what constitutes as active user which are highlighted here:

1. N__ew users must sign up with Hodlnaut’s website or mobile application.
2. Users must use the unique referral link when signing up for a new account.
3. Users need to submit KYC verification and ensure it is approved.
4. Deposit a minimum of US$1000 worth of supported crypto assets in a single transaction as their first deposit or within 1 week of the first deposit.

Not only do you get to earn the bonus USDC rewards, you will also earn a 10% perpetual commission on your referees’ interest on top of the above bonuses, at no cost of the new user and simply an incentive from Hodlnaut for introducing new users into the platform.

It’s a pretty decent way to accrue passive income if you ask me.

Good News For Android Users

For those using Android smartphones, there is going to be an upcoming Android App launch that will ease your Hodlnaut experience even further. Currently, only the iOS app is released but it won’t be long before the Android version will be available on Google Playstore soon! So stay tuned for that Android users!

How to transfer crypto into Hodlnaut

Below, I will highlight the steps to take to safely deposit your precious crypto assets into Hodlnaut

1. Create a crypto exchange account (To buy/Sell) + Hodlnaut (Savings account)
2. Buy your crypto on an exchange (I use Gemini Active Trader as each buy/sell is __0.35% per transaction and Gemini has 10 free crypto-crypto transfers/month)
3. Transfer the crypto through the blockchain (Copy&Paste the address for transfers between the exchange and Hodlnaut)
4. Wait for your crypto to be deposited and congrats on achieving daily compound interest!

Gemini Exchange

Exchange wise, I highly recommend Gemini and its my personal exchange of choice since they have 10 free crypto-crypto transfers every month and also extremely low trading fees (0.35%) for Gemini Active Trader for purchasing BTC or ETH using SGD.

You can read up on Gemini in greater details in a post I wrote here.

Otherwise, you can use Binance.com and use USD to buy BTC, WBTC or ETHand their fees are just 0.1%! But you have to take note of the withdrawal fee for Binance and transfers in USD only.

Once you have purchased the required crypto assets from the exchange of your choice, head over to the exchange’s withdrawal function and withdraw the crypto asset into your Hodlnaut address for the corresponding crypto asset.

And poof! Your crypto should appear in Hodlnaut in no time. Congrats! Now you are earning interest which are paid out every week!

Withdrawing from Hodlnaut

The withdrawal process is simple. To withdraw from Hodlnaut, you basically reverse engineer the way you deposited your crypto in the first place.

1. Head over to withdraw, and select the crypto you wish to withdraw.
2. Once done you just copy and paste your address from the exchange you are withdrawing into. Double check the address and confirm the withdrawal.
3. Your crypto should be in your new address in no time.

Do note that withdrawal are processed daily at 5PM Singapore Time.

Conclusion

Hodlnaut is absolutely hitting the home run with industry leading interest rates on 6 of the most popular crypto assets right now.

In terms of interest rates, Hodlnaut absolutely crushes it with their market beating APYs and with MAS licensing on the way, it won’t be surprising before more realises the potential of this platform and a gateway for mainstream investors to hop onto the crypto train.

The team is actively engaging with the community and getting feedbacks from users and implementing them almost every month. So expect the user experience to get even easier and even better over time as well!

The app is hassle free and super easy to use. You have to try it out to believe it.

Still in doubt? You can head over to their FAQ and learn more about them here.

Some Ways to Deposit Crypto

Here’s how I would go about looking at depositing crypto tokens right now:

For BTC, ETH, DAI: Bank — Buy via Gemini – Withdraw and Deposit into Hodlnaut (interest 7.5%-12.7% APY)

For USDT, USDC: Bank — Buy DAI via Gemini – Withdraw and Deposit into Binance.com – Convert DAI into USDC/USDT – Deposit into Hodlnaut (interest 12.7% APY)

For Altcoins such as DOT, BNB, LINK, MATIC: Bank — Buy via Binance.com – Withdraw and Deposit into** [Nexo/Celsius**](https://investingbeanstalk.wordpress.com/2021/03/30/nexo-and-celsius-network-the-best-place-to-earn-high-interest-on-your-crypto-assets/)(https://investingbeanstalk.wordpress.com/2021/03/30/nexo-and-celsius-network-the-best-place-to-earn-high-interest-on-your-crypto-assets/)(APYs varies according to the asset)

Hodlnaut Referral Bonus!

Interested to sign up with Hodlnaut and earn high interest on your idle crypto assets? Use this exclusive link** to receive a US$20 signup bonus after making an initial deposit equivalent of US$1000 on any of the 6 supported assets**! (Can Sign-Up using the iOS app or on web version)

If you think crypto is interesting but you find it hard to learn about them, you can consider joining my telegram group where I share articles, investment opportunities and more research based content on an almost daily basis. You can also ask questions, and take part in polls to see how others think as well!

Join My Tele Channel Here For Blog Updates And More!

For those who are already into Crypto

Want to learn how you can earn high yielding interest rates on your idle crypto assets in a secure, safe and easy manner?

Earn Yields on Those Crypto With These Platforms

You can read up more on my post here to learn more about Celsius and Nexo which give you interest on your crypto assets

Or read up more on Hodlnaut here which is a Singapore-based crypto lending platform with market beating interest rates

What is Bitcoin? Answers here

Or do your due diligence on Bitcoin in my post here where I debunk some of the myths regarding Bitcoin.

What is Ethereum? Simple Guide Here

I did a bite-sized article on Ethereum for you to get a crash-course on what the buzz word is all about here.

Gemini Exchange (My Favourite Crypto Exchange)

Also my crypto exchange of choice Gemini here if you are looking to buy your first crypto!

Too Many Crypto Platforms? Here’s a Crypto One-Stop Solution

If you think there are too many crypto platforms out there, here is a simple solution for you. An all-in-one app for you to earn yield, trade, invest or borrow crypto with high security and assurance. Check out my Matrixport review

What is Decentralised Finance (DeFi)?

Or do you want to learn more about DeFi in a simple to understand manner? Click here to learn more

How to Value Crypto Assets?

Learn more about how you can put a “fair value” on crypto such as Bitcoin, Ethereum and more here

Crypto Referral Links (Click and Sign Up)

Gemini Exchange: Deposits and buy US$100 or more crypto on Gemini and you will earn US$10 in BTC.

Coinhako Exchange: You can create an account by clicking the link and then enter promo code: COINGECKO when doing a buy/sell and enjoy 20% trading fees discount!

Binance Exchange: Create a Binance.com account here and trade the widest range of crypto pairings!

Hodlnaut: Earn US$20 in BTC/ETH/USDT/USDC/DAI for free with your first transfer of US$1000 or more in the corresponding crypto asset of your choice!

Celsius Network: Earn US$40 in BTC for free with your first transfer of US$400 or more in any crypto asset and wait for 1 month!

Matrixport: Get a $1288 free coupon trial to try their product and earn $20 in USDC when you sign up successfully and become a qualified client!

Nexo: Earn US$10 in BTC for free when you transfer US$100 or more in any crypto asset of your choice!

AMEX Credit Card Promo: Earn up to $365 SGD of Bitcoin when you sign-up for an eligible AMEX Credit Card here!

Disclaimer:

The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.