If you’re looking for a top-rated crypto savings account that allows you to earn interest on Bitcoin, Ethereum, and a range of stablecoins – Aqru is well worth considering.
Put simply, this user-friendly platform allows you to earn an APY of up to 12% on your idle digital tokens on a fee-free basis.
In this Aqru review, we explore everything there is to know about the provider – such as supported coins, yields, fees, account minimums, and more.
What is Aqru?
In a nutshell, Aqru offers a crypto savings account service that allows you to earn interest on idle digital currencies that you currently own. All you need to do is register an account with the provider and deposit the tokens that you wish to earn interest on. Aqru supports Bitcoin and Ethereum for this purpose – both of which attract an APY of 7%.
You can also deposit stablecoins into Aqru – which covers Tether, USD Coin, and DAI. Stablecoins not only reduce the risk of volatility, but Aqru will pay you a very competitive APY of 12%. Unlike other crypto interest accounts in this space, Aqru does not require you to lock your digital currency tokens away.
On the contrary, all of its supported savings accounts are flexible. And as such, this ensures that you can make a withdrawal from your Aqru account and back into your private wallet at any given time. Aqru is also popular with investors that seek high APYs on their fiat currency savings.
This is because Aqru allows you to deposit USD, EUR, or GBP with a debit/credit card or via a bank wire. Then, you can convert your fiat currency deposit into one of its five supported digital tokens to start earning interest. As this Aqru review covers in more detail shortly, no fees are taken from the APYs that you are offered on the platform.
Aqru Services
Rather than offering a wide variety of crypto-centric services, Aqru has decided to stick with what it does best. And by this, we mean that Aqru only offers one service – its crypto savings account.
As noted above, you can deposit either crypto tokens or fiat money into your Aqru account and start earning interest straightaway. Moreover, all accounts come with flexible withdrawal terms.
Another important thing to note is that our Aqru review found that the platform distributes your interest payments each and every day and you can track this on a second-by-second basis.
This means that you can elect to reinvest your dividend payments back into an Aqru savings account to benefit from compound growth.
Supported Coins
In total, Aqru offers crypto-bearing interest accounts for five digital currencies – which you will find listed below:
- Bitcoin
- Ethereum
- USD Coin
- Tether
- DAI
It goes without saying that Aqru will likely add support for additional coins in the very near future.
Aqru Interest Rate
When choosing the best crypto interest provider for your requirements, it is important to explore and understand the respective terms and conditions.
At the forefront of this is the amount of interest that you will be paid and whether or not any restrictions are in place. In the case of Aqru, you will earn 7% simply for depositing Bitcoin or Ethereum into your account.
Or, you can earn 7% on the aforementioned digital currencies by making a payment via a debit/credit card or bank wire and then converting the cash to your chosen coin.
The other option is to deposit a stablecoin into your account to earn an even higher rate of interest at 12%. As mentioned, this will suit income seekers that do not want the volatility that traditional crypto assets like Bitcoin and Ethereum attract.
| Coin | Interest Rate |
| Bitcoin | 7% |
| Ethereum | 7% |
| USD Coin | 12% |
| Tether | 12% |
| DAI | 12% |
Aqru Interest Caps
Our Aqru review was somewhat surprised to learn that the provider does not implement any caps on its headline interest rate. This is something that the majority of crypto interest providers have in place.
- For example, Binance advertised a headline APY of 5% on Bitcoin with flexible withdrawals. However, when you read the fingerprint, this is only offered on the first 0.01 BTC. After that, the rate is lowered to 0.8% – which is a major difference.
- This is also the case with BlockFi, which offers 4% interest on Bitcoin, but only up to the first 0.01%. After which, your APY is lowered to 1%.
However, in the case of Aqru, you can deposit as much as you wish and you will still be offered the same interest rate of 7% on Bitcoin/Ethereum and 12% on stablecoins.
No Staking Requirements
Another thing that a lot of crypto savings account providers require you to do is to stake their native digital token to get the highest interest rates possible.
For example, Nexo offers an APY of up to 8% on Bitcoin – which at first glance looks very attractive. However, you can only get this rate of 8% if you stake the platform’s native NEXO token. If you don’t, the APY is lowered to 6%.
Our Aqru review found that the platform does not have its own digital currency and as such, there is no requirement to stake any tokens in order to get the highest rate possible.
In fact, there are no variations in Aqru interest rates at all – so you always know exactly what you are getting when using this provider.
Aqru Payout Frequency
This Aqru review found that the platform distributes interest payments each and every day. This is good news for those of you that are looking to build a long-term portfolio with a focus on compound growth.
After all, you can reinvest your interest payments back into an Aqru savings account to grow your capital faster.
To give you an idea of how this works, let’s suppose that you deposit the equivalent of $10,000 worth of Bitcoin into Aqru.
Aqru Payments
First and foremost, our Aqru review found that the platform allows you to deposit funds via crypto or fiat.
For instance, if you currently own Ethereum and wish to earn interest on your idle tokens, it’s just a case of transferring ETH into Aqru. This process is no different from making a deposit into a crypto exchange.
Alternatively, if you like the sound of the APYs offered by Aqru but you don’t currently own a supported coin, you can actually make a deposit with your debit/credit card or via a bank wire.
And in doing so, you can then convert your funds into a supported cryptocurrency so that you can start earning interest.
In terms of making a withdrawal, we mentioned earlier that you can do this at any given time. You do, however, have the option of making a withdrawal in crypto or with fiat.
This makes the end-to-end investment process simple, as you actually don’t need to use a crypto exchange in order to cash your digital currency out.
How Does Aqru Pay Such a High Interest Rate?
Before choosing a savings account for the purpose of earning interest, it is important to assess how the provider in question is able to financially cover its payments.
After all, digital currencies like Bitcoin and Ethereum do not in themselves generate interest.
Our Aqru review found that the provider uses your crypto deposits to offer loans to both retail and institutional borrowers. In addition to this, Aqru also uses customer deposits to provide liquidity for decentralized exchanges.
Aqru lending facilities charge a higher APR than what you are paid in interest. And therefore, not only does this cover your payments, but it allows Aqru to make a profit along the way.
Cryptoassets are a highly volatile unregulated investment product.
Aqru Fees
When it comes to Aqru fees, our review found that the provider is very competitive in this department. In fact, you won’t pay any fees to register nor will you be charged anything to maintain your account.
Moreover, as we mentioned earlier, the APYs that you are offered are not diluted in any way. This is because Aqru makes its money by charging a higher APR to its borrowers.
The only fee that Aqru charges is with respect to cryptocurrency withdrawals. This is charged at $20 per withdrawal in the digital currency that is being cashed out. Fiat currency withdrawals, however, do not attract any fees.
| Fee Type | Fee |
| Account Opening | FREE |
| Maintenance Fee | FREE |
| Deposit Fee | FREE |
| Fiat Withdrawal | FREE |
| Crypto Withdrawal | $20 |
Aqru User Experience
One of the biggest advantages of choosing Aqru for your crypto interest requirements is that the platform is extremely user-friendly. We found that the processor registering an account and uploading ID is both fast and straightforward.
Making a deposit into your account is also simple. Once you have chosen the right Aqru crypto interest account for your needs and made the required deposit, there is nothing more for you to do.
For as long as you have crypto in your Aqru account, your interest payments will be distributed each and every day. We also like that you can track your earnings on a second-by-second basis simply by logging into your account.
Our Aqru review also spent some time exploring the provider’s mobile app – which is available to download for free on both iOS and Android devices. This is handy for keeping tabs on your interest payments and making deposits and withdrawals in real-time.
All in all, even if you are completely new to both cryptocurrency and interest accounts, you shouldn’t have any issues navigating your way through the Aqru website or mobile app.
Aqru Tools & Features
Aqru offers a bare basic service, insofar that its only product is its crypto savings accounts. Unlike other platforms in this space,
Aqru does not give you access to crypto loans or day trading tools. Instead, the primary reason for using Aqru is to generate a competitive rate of interest on your idle digital currencies.
Aqru Customer Support
If you need to speak with a customer support agent, there are several ways that you can get in touch with Aqru. Perhaps the easiest option is the platform’s live chat feature – which allows you to speak with an agent in real-time.
You can also fill out a support form or send an email to [email protected].
How to Earn Crypto Interest on Aqru
If you like the sound of earning up to 12% interest on your idle digital currencies but you need some guidance on how to get started, we’ll now show you how to get set up with Aqru in under 10 minutes.
Step 1: Register an Account
Before you can earn interest on Bitcoin and other supported digital tokens, you will first need to open an account with Aqru. To do this, you will need to click on the ”Sign Up’ button and enter your email address and preferred fiat currency.
You will also need to create a strong password and after reading and accepting the terms and conditions, click on the ‘Create Account’ button.
Cryptoassets are a highly volatile unregulated investment product.
Step 2: Verify Identity
The next step is to get your newly created Aqru account verified. This is a simple process that will require a copy of your government-issued ID. This can be a passport or driver’s license.
Aqru will usually be able to verify your document in a matter of minutes. You will receive an email notifying you when this has been done.
Step 3: Deposit Crypto or Fiat Money
You will need to deposit some funds into your account so that you can start earning interest. You have two options in this respect.
First, if you already have a supported digital currency – which can be Bitcoin, Ethereum, USD Coin, Tether, or DAI, you can transfer the tokens from your private wallet. You will find your unique deposit address from within your Aqru account.
If you do not currently have access to a supported coin, then you can make a deposit in EUR, GBP, or USD. Supported payment methods are inclusive of debit/credit cards and a traditional bank wire.
Step 4: Earn Interest on Crypto and Stablecoins
If you made a deposit in crypto or a stablecoin, then there is nothing more for you to do. The tokens will be deposited into the respective savings account and thus – you will start earning interest right away.
If you made a deposit in fiat, then you will need to decide which digital token you wish to convert the funds into. For example, if you want to earn up to 12% per year, opt for a stablecoin.
The Verdict
This Aqru review has covered the ins and outs of what this provider offers – across core metrics like supported coins, interest rates, user-friendliness, and withdrawal terms.
We found that overall, Aqru is well worth considering if you are looking to generate interest on your idle crypto investments. After all, you will be offered 7% and 12% on Bitcoin/Ethereum and stablecoins respectively.
Crucially, you can withdraw your digital currency at any given time – as there are no lock-up terms applied to Aqru accounts.