In recent years, cryptocurrencies have received a lot of attention due to their projections of utilization in the near future. Some trade the assets for speculative, profit-driven short term intentions, while others truly believe crypto is the future and want to join the long-term movement in the beginning. Either way, many investors have benefitted from the exponential growth of the popular cryptocurrencies. Some investors have looked to see how they could amplify their returns even more through earning passive income on their crypto holdings. Cryptocurrency savings accounts have become popular among crypto investors due to their high returning yields on crypto assets that many investors already owned. These accounts are similar to traditional bank accounts in that they provide a platform for consumers to store their assets for future use and the institution lends it to borrowers, and in exchange investors earn interest on their deposits. Crypto savings accounts work a little differently from traditional bank accounts and credit unions, as there are many advantages and disadvantages of this new innovative product.