Top 4 Crypto Lending Platforms for 2021

2020 is all about DeFi, borrowing and lending crypto, and getting a good interest rate while doing so. In this article, we will tell you more about crypto lending platforms and which ones you should consider going into 2021. Always conduct your own research before making any commitments.

What are Crypto Lending Platforms?

Crypto lending platforms are a means of passively generating income. Investors use it to lend cryptocurrencies or fiat money to borrowers. In return, the investor receives interest payments. Crypto lending platforms connect borrower and investor and provide security as the borrower has to deposit some crypto-assets as collateral. However, every platform is only as secure as its code.



Discover 4 top lending platforms we think you should consider in 2021:


Are you new to lending or borrowing crypto? BlockFi is a popular choice for beginners because it is one of the most stable lending platforms. BlockFi focuses on Ethereum, Litecoin and Bitcoin. You can get a loan within only minutes of your request. That is exactly why the platform has become popular. Furthermore, the platform allows you to convert euros into stablecoins with a 1-to-1 ratio. It is possible to withdraw your assets at any given time.

BlockFi interest rates:

  • Loans starting from: 4.5% plus 2% origination fee
  • Up to 9.3% interest

BlockFi advantages:

  • One free crypto and one free stablecoin withdrawal per month
  • Loan duration: 12 months
  • Lenders can withdraw at any time

Binance Loans

Binance is known as the world’s largest cryptocurrency exchange. However, they offer other crypto services as well: Binance Margin and Binance Loans, for example.

Binance Loans is a relatively new platform that allows you to borrow USDT or BUSD after submitting a collateral of crypto. As collateral, you can use either BTC, BCH, XRP, ETH, EOS, or LTC. The best thing about this platform, is its variation. You can choose from a good list of crypto currencies to borrow from or to loan. Binance’s offer changes regularly and there are plenty of good temporary deals, causing your interest to summit.

Do you want to be able to withdraw your deposit at any time? Then you can select ‘flexible savings’. If you leave your deposit for a certain amount of time, however, you get a higher interest rate with ‘fixed savings’.

Binance interest rates

Please note that Binance’s interest rates change daily and are different for each crypto currency.

  • Loans starting from: 18%
  • Flexible savings: 0 – 9.95%
  • Fixed savings: 3.8 – 5.31%

Binance advantages:

  • Annual interest rate up to 120.45%
  • Deposit limit: No limit
  • Supports multiple cryptocurrencies is a platform offering services ranging buying to selling and lending to borrowing cryptocurrencies. Next to “external” cryptocurrencies such as Bitcoin and Ethereum, the platform has its own crypto currency called CRO. is a popular platform because there is no deadline to repay loans and the interest rates are much lower than other crypto lending platforms. As a borrower, you can easily fix CRO tokens in exchange for the highest interest rate. Furthermore, offers a user-friendly service dubbed “Earn”, making it very easy to transfer tokens from your wallet to and vice versa. interest rates:

  • Loans starting from: 8%
  • Up to 10% CRO interest via the app advantages:

  • Annual interest rate up to 12%
  • No deadline
  • Focus on security with 100% of assets held offline in cold storage

Lendabit is a P2P centralized lending company, based in Hong Kong. The platform was created thanks to a mix of project experience, financial expertise and global market intelligence. Lendabit is mostly popular because of its extensive security measures and a robust collateral process. For lenders, Lendabit offers great returns from the blockchain-secured platform. For crypto holders on the other hand, the platform allows access to huge sources of cash.

Lendabit is, compared to the others, a lot more user-friendly. The platform has removed all the unnecessary steps from the lending process, allowing you to borrow or lend funds in just a few clicks. This makes the platform accessible for crypto lending beginners. Should you require help, however, there is a 24/7 customer service eager to walk you through everything.

Lendabit interest rates:

  • Loans starting from: 0,1%
  • Annual interest rate: 8-12%

Lendabit advantages:

  • 0% interest for the first 45 days
  • No prepayment penalties
  • Wallet services provided by BitGo

The information in this article does not constitute financial or investment advice by the author, BlocDesk, or anyone affiliate with this platform.