Best Crypto Savings Accounts in Australia
Omar Ortiz
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Cryptocurrencies are showing the potential for everyday uses, such as for savings accounts, and a range of possibilities has opened for them. Moreover, with attractive interest rates for the customers, thus far exceeding the interest rate offered by traditional banks, this type of service attracts the attention of new investors looking for passive income to generate.

Throughout this guide, we will be concerning the best crypto savings accounts on the market today, what they offer, and what steps you must follow to get started with them.

Best Crypto Savings Accounts in Australia List 2023

  1. DeFi Swap – Overall Best Crypto Savings Account In Australia In 2023
  2. AQRU – Best Crypto Savings Account With No Minimum Redemption Periods
  3. – The Best High-Interest Crypto Savings Account For Australian Investors
  4. BlockFi – The Best Crypto Savings Account Australia With Cold Storage Facilities
  5. Binance – Australia’s High Yield Crypto Savings Account With More Than 140 Coins Supported
  6. Coinbase – The Safest Crypto Savings Account in Australia With Educational Resources

Best Crypto Savings Accounts in Australia Reviewed

1. DeFi Swap – Overall Best Crypto Savings Account In Australia In 2023

When it comes to cryptocurrency savings accounts, our pick-up choice is DeFi Swap. It offers a wide range of services and is a newly launched decentralized exchange. On it, it is possible to trade digital currencies directly without using a centralized platform. Furthermore, no account is required to use DeFi Swap. Just your crypto wallet should be connected to the DeFi Swap platform, and you are ready to go.

With the platform, users can generate interest passively in two ways: by joining liquidity pools and by crypto farming.

If the DeFi Swap exchange can attract more volume as it reaches its peak volume, this first alternative could grow into a nice source of passive income. With it, you can give the DeFi Swap exchange your crypto assets through a smart contract that is secure and transparent. Furthermore, you will receive a share of the trading fees collected as compensation if you provide liquidity.

This top-rated platform also offers crypto yield farming as a passive investment option. By doing this, you will be able to stake your digital token and earn an interest rate that fits your needs. It is, of course, up to you how long you wish to lock your tokens away in terms of your interest rate. The lock-up periods available are 30 days, 60 days, 120 days, and 360 days. Using DeFi Coin as an example – the platform’s native coin – if you decided to stake the native coin for one whole year, you could earn up to a maximum annual percentage yield (APY) of 75 percent.

Considering the potential of the DeFi Coin and its current price of less than $1, it may become one of the most attractive ways to generate interest in your crypto assets. As a result of the rising interest it has received within the crypto community, its Telegram group already has more than 6,000 members in less than two weeks since DeFi Swap was launched.

Cryptoassets are highly volatile unregulated investment products.

2. AQRU – Best Crypto Savings Account With No Minimum Redemption Periods

crypto savings accountAs a crypto-savings platform, AQRU is owned by Accru Finance Ltd, a London-based financial services provider. Launched in December of 2021, AQRU is an investment platform positioned as one of the prominent players in this growing market by delivering high yields and providing a significant degree of security.

AQRU offers its customers the opportunity to invest in the company and receive a solid return on their investments over time. There are a variety of stablecoins accepted on the platform, which include USDC, USDT, DAI, and BTC, alongside ETH and BTC. The platform is suitable for investors in crypto regardless of their level of skills. Furthermore, it should also be noted that AQRU accepts deposits in both GBP and EUR. When AQRU receives funds, it then lends them to institutions and consumers, all of whose loans are 100% collateralized.

best crypto savings account

AQRU can offer high-interest rates on their crypto savings accounts because cryptocurrency is still hard to obtain for certain market participants. AQRU offers 12% returns on stablecoin deposits and 7% returns on BTC or ETH deposits, making it one of the best crypto lending platforms. AQRU’s greatest strength is no hidden fees, and withdrawals can be made anytime.

Whenever it comes to withdrawing crypto, only one fee needs to be considered: the $20 fee. For the convenience of its clients, AQRU offers several forms of payment, including credit/debit cards, bank transfers, and cryptocurrencies. It is necessary to point out that AQRU’s services are accessible to beginners with only a €100 deposit amount, making the company’s services easily affordable. In addition, AQRU provides all of its customers with the convenience of accessing all of its services through the use of an easy-to-use AQRU mobile app, which includes tools for making deposits, checking account stats, and securing their accounts via two-factor authentication. Aside from this, AQRU is one of the best crypto lending platforms on the market.

crypto savings account australia

Cryptoassets are highly volatile unregulated investment products.

3. – The Best High-Interest Crypto Savings Account For Australian Investors

high interest crypto savings is high-yield crypto savings account that you should consider checking out if you are searching for a crypto savings account that offers this type of return. It is a leading crypto exchange platform with more than 10 million users worldwide and is one of the top sites in the industry. Besides offering a wide range of trading services, offers an easy-to-use crypto savings account that provides you with the highest rate of return within the crypto space.

In the Crypto Earn program,’s savings account offers its users the opportunity to earn as much as 14.5% when they deposit cryptocurrency and 14% when deposited stablecoins. This site supports over 40 cryptocurrencies, which include, but are not limited to, Bitcoin, Ethereum, and USDC. The many notable differences between the various aspects of a user’s crypto deposit should be noted, depending on their requirements. There are several possibilities for a lock-up period, such as one month, three months, or even longer – ensuring that crypto holdings are accessible.

safest crypto savings account

Those interested in saving money on must stake a certain CRO to receive the best savings rates. If you stake more than 40,000 CROs, you will have the highest rates to choose from, although you can deposit your coins without staking if you prefer a lower rate. Moreover, a flexible lock-up period will yield the lowest returns on investment, while a three-month lock-up will produce the highest returns on investment.

Crypto deposits are credited with interest every seven days without compounding, and it is transferred to the attached crypto wallet. Interest is only paid on deposits over 0.005 BTC or 0.15 ETH. An additional option available within the android app is the Crypto Earn feature, allowing users to deposit in a few seconds easily.

Cryptoassets are highly volatile unregulated investment products.

4. BlockFi –  The Best Crypto Savings Account Australia With Cold Storage Facilities

using crypto as a savings accountBlockFi is certainly of interest to rookie investors seeking crypto savings accounts with high-interest rates in Australia. This may be worth looking at if you are such a person. More than 1 million people are currently using BlockFi, and the company has been gaining a fantastic reputation in the cryptocurrency market. Over $10 billion worth of assets is currently under management by BlockFi. In fact, BlockFi currently offers interest rates of up to 10% Annual Percentage Yield (APY) through its BlockFi Interest Account. In a similar manner to other platforms, investors on its platform also receive monthly interest distributions each month as well.

high yield crypto savings accoun

More than 15 crypto assets are available for investing in BlockFi’s savings accounts. Among them are supported stablecoins like USDC and DAI and coins that are less supported but still worth mentioning, such as ATOM, ADA, and AVAX. Investing in each asset will give the owner greater returns as the asset’s rate of return increases the longer it is held in the account. Moreover, BlockFi’s registration process is incredibly simple, with no hidden fees and no requirements for a minimum deposit balance to get started.

BlockFi savings accounts feature several benefits. One of them is that interest rates on crypto deposits are compounded every month. This feature is only available for a few accounts, and if one takes advantage of it over time, it can help increase deposits exponentially. Moreover, BlockFi ensures a high level of security for all customers through two-factor authentication and sets up a partnership with Gemini to ensure that the vast majority of customer assets are stored in cold storage facilities.

Cryptoassets are highly volatile unregulated investment products.

5. Binance – Australia’s High Yield Crypto Savings Account With More Than 140 Coins Supported

best high yield crypto savings accountIn fact, Binance has a reputation for trading cryptocurrencies, but the exchange has recently expanded its service offerings to include crypto savings accounts, which is a welcome move. Several recent reports have shown that Binance has overtaken a lot of other crypto exchanges in terms of daily trading volume as well as the number of users. Besides the platform, a feature called “Binance Savings” is available to all users. By using this feature, users will be able to generate interest.

Binance’s flexible savings accounts allow users to choose 140 coins from its portfolio and allow users to lock up ten of those for a predetermined period to earn a higher rate of return. With flexible accounts, users can withdraw their funds at any time. Interest is calculated daily and placed in the user’s account for an account with redeemed funds. For those interested in yield, Binance offers some of the highest rates in the industry on the AXS and CAKE accounts, which offer an APY of 10% and 12%, respectively.

high yield savings account crypto

If you opt to lock up your crypto through AXS and CAKE, you will be able to earn a 25% annualized interest rate. Moreover, Binance also has a section devoted to limited supply coins, which is an interesting feature. Each of the featured coins can be deposited with a wide variety of cryptocurrencies, so you will need to act as soon as possible if you want to participate. There are several examples of the rates offered on these coins; an example among many is Everipedia deposits, which can provide users a return of 70% annually.

Cryptoassets are highly volatile unregulated investment products.

6. Coinbase – The Safest Crypto Savings Account in Australia With Educational Resources

best high interest crypto savings accountWith Coinbase as our final stop in our review of the best crypto savings accounts, we conclude our list. Among all crypto and Bitcoin traders, Coinbase is clearly one of the most popular and largest exchanges in the world, thanks to its robust security features. Furthermore, Coinbase is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. It stores the holdings of 98% of its customers in cold storage, providing a high level of security concerning customer holdings.

fdic insured crypto savings account

In addition to the Coinbase app, which is available for iOS and Android, you can access crypto savings accounts through Coinbase’s website or by downloading the free crypto wallet app. There are many options open to users when choosing the protocol they desire to use to earn interest from, including Compound, DyDx, and Fulcrum. There will also be different minimum deposits required for each service provider so that investors can tailor their savings activities according to their individual needs. ETH, ATOM, ALGO, DAI, USDC, and XTZ are currently included in Coinbase’s list of cryptos that return interest.

Investing using Compound allows investors to earn a rate of 5% on USDC deposits, which is significantly lower than other platforms like AQRU, where investors can earn up to 12%. In many cases, although the returns are lower, earning money is still extremely easy and can be done via a few taps – making it perfect for beginners. In addition to the cryptocurrency savings services that Coinbase provides, it also offers a comprehensive platform for cryptocurrency traders, which is enhanced by the company’s trading capabilities and educational services as well.

Cryptoassets are highly volatile unregulated investment products.

Best Crypto Savings Accounts in Australia – Comparison

Platform Coins Available for Saving Savings Rates
AQRU USDT, DAI, USDC, ETH, BTC Stablecoins: 12% per year. BTC & ETH: 7% per year 40+ (stablecoins and other cryptos) Stablecoins: Up to 15% annually. Other cryptos: Varies; up to 14.5% per year
BlockFi 14+ (stablecoins and other cryptos) Stablecoins: Rates vary; up to 9.25% annually. Other Cryptos: Varies; up to 10% per year
Binance 140+ (stablecoins and other cryptos) Stablecoins: Varies; up to 9.25% per year. Other Cryptos: Varies; up to 12% APY
Coinbase ETH, ATOM, ALGO, DAI, USDC, XTZ The fees vary, depending on the provider, and they can change at any time – currently, USDC deposits are charged 5% a year

What is a Crypto Savings Account?

high interest savings account crypto

Cryptoassets are highly volatile unregulated investment products.

Essentially, a crypto savings account functions similarly to a bank savings account in which you can put your money. Whenever you open a savings account with a bank, you can safely store your fiat currency there, where the bank will end up controlling what you store. In turn, the banks use your money to lend to others or to invest in a wide range of different things. In return, the banks will give you an interest rate of approximately 0.5% APY.

The only major difference between a cryptocurrency savings account and a regular savings account is that you give up all control over your deposit. Please keep in mind that the crypto you deposit will be lent to third parties, such as financial organizations or other private investors. Furthermore, because crypto deposits are deemed to be riskier than typical bank accounts, the interest rates on deposits are frequently higher than those on traditional bank accounts.

It is not uncommon for cryptocurrency exchanges, as well as the cryptocurrencies themselves, to make use of the smart contracts in their operations in order to validate transactions, collateralize lending, and perform other important financial functions. As a result, they can offer larger returns to investors who offer their crypto assets for sale on those platforms since they tend to cost less to operate.

Many providers will require you to lock up your deposit for a predetermined period whenever you open a savings account. Due to this, users will not be able to withdraw their assets once the period is over, even though this will usually increase yields. However, a few providers offer portfolio accounts called flexible accounts, which offer lower yields and allow the owners of the accounts to access their money wherever they want.

Which Platforms Have the Best Crypto Savings Interest Rates?

If you are interested in long-term investments that will allow you to profit from your crypto savings account over time, you probably want to choose a platform with the highest interest rates. However, keeping caution in mind, please note that when it comes to comparing APYs of various alternatives when it comes to these kinds of accounts, it is imperative to remember that it is not always as simple as comparing them. There are also lock-up periods that should also be considered.

Lock-up periods will have the effect of preventing your cryptocurrency from being accessed for a specific period of time. In any case, you will receive higher interest rates than you would otherwise earn. Therefore, you can trust that platforms offering lock-ups tend to have higher rates of return when compared to platforms that don’t offer them.

For instance, there are some platforms that offer great rates without tying you up for an extended period. This is why we recommend AQRU as the best cryptocurrency savings account because it offers interest rates on deposits of stablecoins at a rate of 12 percent per year, with full access to your account at any time. Likewise, the platform allows users to deposit ETH and BTC with no lock-up period, and users can earn 7% interest on their deposits.

what is a crypto savings account

Cryptoassets are highly volatile unregulated investment products.

Meanwhile, there are also occasions where specific platforms may require staking to maximize rewards, such as, which does this. As a bonus, a new service from allows users to earn higher interest rates by making deposits of CRO, the exchange’s native cryptocurrency.

Taking into account that requires a three-month lock-up period on deposits, the following breakdown gives us an idea of the effect of the staking process on the returns on deposits with DAI:

  • CRO staked at less than 400 is equal to 10% p.a.
  • A stake of 4,000 CRO is equal to 12% p.a.
  • The stake of 40,000 CRO is equal to 14% p.a.

What Cryptocurrencies Can You Earn Interest On?

Cryptocurrency savings accounts are a convenient way to deposit some of the most popular cryptocurrencies in Australia and earn interest on those deposits. Generally, cryptocurrencies tend to be classified into stablecoins and non-stablecoins, which can be divided into separate subcategories. Now, let us set aside a moment to learn more about each of these types.


crypto savings account

Cryptoassets are highly volatile unregulated investment products.

The price fluctuation is one of the main problems that cryptocurrency users face today. As much as more people have started using cryptocurrencies for their transactions, the volatility of a digital asset is a real concern. This is because the value of an item or service can drastically change in a matter of days or weeks.

Several cryptocurrencies were created in response to this problem, which were attached to fiat currencies and pegged to their value. This is a type of asset known as stablecoins, and because they follow the value of an underlying asset so closely, they are in rather high demand. Thus, stablecoin interest rates from crypto saving accounts increase due to the high demand for stablecoins. Today, some of the most popular stablecoins are USDT, USDC, and DAI.


By their own definition, non-stablecoins are forms of crypto and do not refer to stablecoins in any way. Since cryptocurrencies cannot be artificially increased in supply like a central bank can when it prints money, the demand for certain coins is high. By offering a favorable return on depositors, crypto savings accounts can provide a means for specific parties to be able to acquire these coins while, at the same time, compensating depositors for the risk they incurred through their deposit.

There are non-stablecoins out there that can be found in high yield crypto savings accounts and lower yield savings accounts. In fact, the return on a non-stablecoin deposit is typically calculated based on the risk the depositor is taking.

Generally, the higher returns are typically offered by low-cap cryptocurrencies, whereas the higher returns can be distinguished from the larger, more established non-stablecoins.

How to Setup a Crypto Savings Account in Australia

You will not take much time to create your crypto savings account since it is a very easy process. Cryptos are quickly becoming an extremely popular form of savings these days. Thanks to their growth, most platforms have a seamless registration process to get started with cryptocurrency savings immediately.

In the following steps, we have outlined some steps you can follow to get started with AQRU, which should only take a few minutes to open.

Step 1: Open an Account

Click on the ‘Register Now’ button on the website of the AQRU to sign up. Creating an account is as easy as supplying an email address, creating a password, and choosing the FIAT currency you would like to use.

best crypto savings account

You must verify your identity before you can access your account fully. Please click on the ‘AQRU Verify Your Identity’ banner on the homepage. Complete the form, and AQRU will verify your identity. Afterward, you will need to take a picture of your photo identification (passport) and proof of your address – such as a utility bill – to proceed with the process. At the end of the process, a selfie will also be required to ensure authenticity.

Cryptoassets are highly volatile unregulated investment products.

Step 2: Deposit Funds

After downloading the AQRU app, you will need to log in with the credentials you created earlier and proceed from there. Accordingly, when you have clicked on the ‘Deposit’ button on your account dashboard, you will now need to select a deposit method, such as a transfer, a  credit/debit card, or a crypto deposit.

There is no charge for bank transfers, although you may have to wait up to 48 hours for your funds to reach. Through MoonPay, you can purchase cryptocurrency using a credit or debit card. However, third parties charge a fee for this service. In the meantime, AQRU will provide you with a wallet address to which you can send your crypto holdings. The crypto deposit itself is free.

crypto savings account australia

Step 3: Begin Earning Interest

You will find a button labeled ‘Buy’ on the account page, so click on it to choose up to three cryptos to deposit – stablecoins, Bitcoin, or Ethereum. You need to decide ahead how much you want to invest in the savings account before confirming the investment. Once you have endorsed your deposit, you will soon start earning interest on it. The interest is compounded daily, and you can withdraw it whenever you desire.

high interest crypto savings account

Are Crypto Savings Accounts Safe?

When investing in a crypto savings account, you must understand the advantages, benefits, and risks that come along with it before investing any of your money.

Since crypto savings accounts are relatively new, many of the regulatory frameworks that provide account protection don’t cover them. Therefore, when investing in crypto savings accounts, it is essential to be aware of the risks involved because there are no regulations about these accounts.

Regular and crypto savings accounts differ in several important ways, but perhaps the biggest difference is that the crypto ones do not offer any deposit insurance. Therefore, considering as there is no protection for such investments, they are viewed as riskier and offer higher yields to compensate for the possibility of higher risk.

Taking into account your deposit value is an important factor to look at, particularly if you have a savings account that requires you to store your money for some time. A significant price decline is not uncommon in the crypto market, as its participants are very well aware that it can be volatile. As a result, if you have extended lock-up periods set up on your crypto holdings and the market is experiencing a bearish market, the value of your holdings is likely to decrease rapidly, thereby placing your deposit at risk as well.


Throughout this guide, we have summarized the most popular crypto savings accounts, comparing which providers offer the most competitive interest rates and providing guidance on how you can immediately get your account set up.

There is no mistrust that the cryptocurrency market is growing in terms of technology and investments, providing a new way to generate passive income as low-yield crypto savings accounts.

Consequently, if you are considering opening a cryptocurrency savings account as soon as possible, then you may want to consider AQRU as a possible option. In AQRU, you will be able to choose from various stablecoins and get 12% yields per year without any hidden fees. Besides, AQRU offers its users the chance to earn 7% interest per year on investing in Bitcoin and Ethereum made through its mobile app, one of the most convenient on the market.

AQRU – Best Crypto Savings Accounts Platform in Australiasafest crypto savings account

Cryptoassets are highly volatile unregulated investment products.


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Omar Ortiz

Omar Ortiz

Omar is a seasoned writer with a strong background in media. He has written for several high authority websites including and, as well as Thanks to his strong investment knolwedge, Omar is able to write in-depth stock trading and cryptocurrency articles that help readers to make informed decisions. He invests in the financial markets himself and is interested in sharing his expertise with others.