Hodlnaut Referral Code: ZoRNk_4Ub (Referral Program)

Earn Interest on Crypto

Receive a US$20 signup bonus after making a crypto asset deposit equivalent of US$1000 in a single transaction, when you sign up with Hodlnaut via the referral link, or manually entering the referral code: ZoRNk_4Ub.

Bonus payouts are paid in the same asset deposited.

Terms and Conditions apply.

IMPORTANT!

  1. You can only deposit crypto assets and not fiat currencies into Hodlnaut. This means you need an account with another crypto exchange also. Check out the section on funding your Hodlnaut account for details.
  2. The US$1000 worth of asset deposit must be in a single transaction and within one week of signing up. It need not be the first deposit as you might wish to make a test deposit.

Notice:

To avoid deviating from the original purpose of this website, we have set up sgcryptoinvestor.com to share crypto-related insights and promotions from a Singapore perspective. Please find some Hodlnaut related content we hope are useful:

Table of Contents

What is Hodlnaut?

Hodlnaut is a platform that provides financial services for individual investors where they earn interest on their cryptocurrencies by lending it to corporate borrowers, who would otherwise struggle to access crypto loans.

Two entrepreneurs started Hodlnaut out of Singapore in March 2019. As Bitcoin Hodl-ers, we wanted to build a product that helps Hodl-ers earn sustainable interest.

Hodlnaut is a combination of HODL and Astronaut! Hodl is common slang in the cryptocurrency community, where it depicts an act of holding the cryptocurrency rather than selling it.

They reached 5000 users in May 2021.

Hodlnaut is not an exchange. They are a platform for you to earn interest on your existing crypto assets. So you need to deposit crypto from another wallet into Hodlnaut.

Do check out the various referrals for crypto exchanges on our site.

Follow Hodlnaut on social media

Platforms to connect with Hodlnaut include:

How does Hodlnaut make money?

Hodlnaut takes a small portion of the interest earned from lending. They also lend out the assets to decentralized protocols and earn interest from there.

Supported cryptocurrencies on Hodlnaut

Hodlnaut currently accepts deposits in:

  • BTC (Bitcoin)
  • DAI (Stablecoin)
  • ETH (Ethereum)
  • USDC (Stablecoin)
  • USDT (Stablecoin)
  • WBTC (Wrapped Bitcoin)

Token Swap Feature

You can swap between the supported tokens on Hodlnaut for FREE.

For example, if you think there is a potential for ETH to appreciate in the near future, you could swap your USDC assets into ETH within Hodlnaut using the token swap feature. This avoids the hassle and costs of transferring your assets out of Hodlnaut to convert, and then depositing into Hodlnaut again.

Is Hodlnaut safe?

Hodlnaut is recognized and certified by Infocomm Media Development Authority (IMDA) and Singapore Fintech Association
Hodlnaut is recognized and certified by Infocomm Media Development Authority (IMDA) and Singapore Fintech Association

Monetary Authority of Singapore (MAS) Regulation

Hodlnaut Pte Ltd is based in Singapore and ruled under Singapore Law, which introduced the Payment Services Act on the 28th of January 2020, which covers cryptocurrencies classified as “digital payment tokens.”

The token swap service offered by Hodlnaut Pte Ltd is the only regulated activity under the Payment Services Act.

Internal controls

  • All employees have to undergo stringent Security Awareness training yearly.
  • All employee’s laptops are encrypted and secured. They do not store any personal customer data and other sensitive user data.
  • Employees that can access customer data via our internal system have different clearance levels.
  • Hodlnaut does not sell any data and their policy is to respect users’ privacy.
  • Security policies are regularly reviewed to make ensure they meet the current best practices.

How funds are stored

Hodlnaut uses Fireblocks’ multi-party computation wallet infrastructure to secure funds. When users sign up for an account with Hodlnaut, they will be assigned a unique address generated by Fireblocks. When they deposit funds into Hodlnaut, funds are secured with Fireblocks’ wallet infrastructure.

On the backend, Hodlnaut will then access the funds and either transfer them to self-custody cold wallets or lend the funds to borrowers.

Hodlnaut takes a security-first approach, and do not have hot wallets.

Insurance protection

Hodlnaut users can get custody cover for their funds through Nexus Mutual’s Hodlnaut Custody Cover smart contract at a small premium.

What happens to my account and assets if I pass away?

Hodlnaut will adhere to the applicable probate laws of Singapore.

Risks

What happens when a borrowers defaults?

Hodlnaut may liquidate the borrower’s collateral and repurchase the borrowed funds. Hodlnaut may take legal action to recover the funds if necessary. Furthermore, in an event a default happens, Hodlnaut will be taking on the loss and paying users from their equity funds.

Interest Rates and Payment

Latest interest can be found at https://www.hodlnaut.com/rates

Interest earned is deposited directly into your Hodlnaut account. The interest is calculated at the end of every day, and is credited to your account weekly every Monday, 5PM (GMT +8).

Partnerships

Tokenize has Partnered with Hodlnaut to #SupportLocal

Tokenize has Partnered with Hodlnaut
As strategic partners, Tokenize Xchange will be Hodlnaut’s preferred fiat (SGD) to crypto on-off ramp for digital assets. See the announcement on the Tokenize Xchange blog.

Learn more about Tokenize Xchange and sign up with a referral.

Strategic Parnership with Okcoin

On 15 September 2021, Okcoin and Hodlnaut announced a strategic partnership: “Singapore-Based Crypto Lending Platform Hodlnaut Partners with Leading Crypto Exchange Okcoin”.

The strategic collaboration positions Hodlnaut as the first CeFi platform to partner with the American crypto exchange, and aims to allow users from both platforms to easily purchase cryptocurrencies and earn attractive returns on their assets.

Okcoin is also Hodlnaut’s preferred fiat on-ramp solution especially for BTC/SGD and ETH/SGD pairs (only available to customers of Okcoin Pte. Ltd.), as this would allow Singapore users to generate yield on the two largest crypto assets in their local currency.

If you do not have a Okcoin account, do check out this referral post.

Others

Corporate Account

Hodlnaut actually supports corporate accounts. You can reach out to them at rm@hodlnaut.com

User Experience

Signing up

There was this following risk warning when trying to sign up:

RISK WARNING ON DIGITAL PAYMENT TOKEN SERVICES

Kindly note that if you reside in Singapore, your counterparty is Hodlnaut Pte. Ltd. (SG). If you reside in any other country apart from Singapore, your counterparty is Hodlnaut Trading Limited (HK). Kindly note that the token swap service offered by Hodlnaut Pte. Ltd. is the only regulated activity under the Payment Services Act.

If you reside in Singapore, the Monetary Authority of Singapore (MAS) requires us to provide this risk warning to you as a customer of a digital payment token (DPT) service provider. Before you pay your Digital Payment Token (“DPT”) service provider (Hodlnaut Pte. Ltd. or the Company) any money or DPT, you should be aware of the following.

Please note that you may not be able to recover all the DPTs you paid to your DPT service provider if the Company’s business fails.

You should not transact in the DPT if you are not familiar with this DPT. Transacting in DPTs may not be suitable for you if you are not familiar with the technology that DPT services are provided.

You should be aware that the value of DPTs may fluctuate greatly. You should transact DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.

KYC process

Hodlnaut requires Know-Your-Customer (KYC) verification for all accounts before depositing. This is required as the company is based in Singapore and must meet the requirements of the MAS (Monetary Authority of Singapore).

Signing up was easy but my Know Your Customer (KYC) process was delayed because I uploaded a blurry photo of my ID.

How to fund Hodlnaut account?

Hodlnaut is not a centralised exchange. As of Oct 2021, there is no support to deposit Fiat currency and use it to buy cryptocurrencies. You will need to have an account with some other crypto exchange to purchase and deposit into Hodlnaut.

Some recommended services, in alphabetical order include:

  • Gemini:
    • First 10 withdrawals per month is free so you don’t have to pay when you transfer over to Hodlnaut
    • Gemini offers free direct deposits for SGD from your bank account. All you need to do is to manually link your bank account to your Gemini wallet, and you can immediately start transferring funds to and from your Gemini wallet.
  • Okcoin
    • Hodlnaut’s preferred fiat on-ramp solution especially for BTC/SGD and ETH/SGD pairs
  • Tokenize Xchange
    • Hodlnaut’s strategic partner and preferred fiat (SGD) to crypto on-off ramp

Earning Interest

The moment the USDC I transferred in arrived, a counter showing the interest I would earn on the next weekly payout day started running . No action was required on my part to get things started.

The interest counter highlighted in the red box is updated continuously and is quite addictive to watch
The interest counter highlighted in the red box is updated continuously and is quite addictive to watch

You can see the interest counter in live action using the Hodlnaut platform demo.

Should you decide to sign up, remember to use the referral link to enjoy the referral benefits.

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Auntiehuat
Web Administrator

Disclaimer: while we do our best to maintain up to date information on the available referral promotions, their terms and conditions do change frequently. We do not guarantee that the information published on this website is accurate.

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