Best Crypto Interest Accounts in Australia in 2025

In summary, Coinbase is a safe, user-friendly platform with enough variety and functionality for most retail investors, especially those starting out. As you become more fee-sensitive or demand more altcoins, you might open additional exchange accounts (even Coinbase itself encourages moving to its Advanced Trade for lower fees). But for a foundational exchange where you can dollar-cost average into Bitcoin or Ethereum with peace of mind, Coinbase is superb.

Marathon Digital: A Prime Bitcoin Mining Investment Preceding Halving

• ‘Decentralized Finance’ is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies.
• HMRC consider airdrops income whenever you’ve done something to earn them.
• ‘Liquidity’ refers to the ease with which an asset can be converted into cash or other coins without affecting its market price.
• Still, there’s obviously a lot more you can expect with one of these platforms than we’ve currently mentioned, so let’s take a look at some of the main features you can expect with crypto exchanges in the UK.

Impressively, through cooperation with other exchanges and projects, they recovered most of it, and KuCoin and its insurance fund covered any remaining losses – no users lost funds. KuCoin improved security afterward (upgrading custody, implementing bug bounties). It uses standard security features (2FA, email confirmations, trading password, etc.). Binance lists an enormous array of cryptocurrencies – over 500 as of 2025. Virtually any coin you’ve heard of (and many you haven’t) are available.

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Some platforms offer competitive FX rates, others add significant markups. Most exchanges offer lower fees for “maker” orders (which add liquidity to the order book) versus “taker” orders (which remove liquidity). Check how quickly you can qualify for better fee tiers and whether volume is calculated on a 30-day rolling basis. Being offshore, some users complain of slow resolution or templated responses.

Start receiving monthly interest payments straight to your cash balance, with no commitment. Hodlnaut also provides insurance cover of up to $44 million of their funds via Nexus Mutual’s Custody Cover Smart Contract at a premium of 2.6%. As mentioned on their website, Hodlnaut conducts periodic vulnerability assessment and vulnerability testing (VAPT) on their infrastructure to strengthen their security. Customers can buy additional insurance through Nexus Mutual to mitigate the hacking risks. You can opt for the custody cover that covers up to $44 million with a premium of 2.6% per annum. According to their website, the withdrawal fees are regularly updated subject to market conditions.

Any rewards or fees received in exchange for mining activity will also be added to your taxable income. The emergence of complex cryptocurrency-like gaming and gambling platforms, as well as non-fungible tokens and hybrid tokens for specific purposes, has changed the asset class. Crypto assets aren’t considered money or currency by key financial institutions. From a tax perspective, crypto assets are treated like shares and will be taxed accordingly.

Addresses are case-sensitive and include built-in error checking to prevent users from accidentally sending funds to invalid addresses. A unique identifier that serves as a destination for cryptocurrency transfers, similar to an email address or bank account number. Cryptocurrency addresses are typically long strings of alphanumeric characters derived from the user’s public key using a hashing function. Earnings from affiliate commissions are typically classified as taxable income; consult a tax advisor familiar with cryptocurrency regulations to navigate compliance in your jurisdiction. Commission models typically include revenue sharing (percentage of trading fees), CPA (cost per acquisition), and hybrid models that combine both, allowing flexibility in earning potential.

However, it should be noted that the interest rates offered are subject to change as per market conditions and profits from the prior month. Hodlnaut is able to offer one of the highest interest rates on cryptocurrencies as it lends to established financial institutions that pay interest. Hodlnaut lends out the funds that users deposit to vetted institutions that could default their loans. However, Hodlnaut takes measures to ensure that the institutions that are being lent to are credible. The company is very selective about who they lend out to and collateralizes agreements after careful vetting. The address whitelisting feature ensures that crypto is sent to only verified and trusted withdrawal addresses.

Even as stablecoins dominate headlines, tokenized deposits could quietly serve as the foundation for integrating traditional banking with the programmable financial systems of tomorrow. Staking is the process of holding and locking up a certain amount of cryptocurrency to support the operations of a blockchain network. Because DeFi operates on a decentralised system, it is more transparent than traditional financial systems. This is because the decentralised system, through its USDT savings design, aims to be tamper-proof and fraud-resistant.