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Linus Review: Pros, Cons & $20 Sign-up Bonus

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The Bottom Line: Linus is a high-yield savings account that converts your deposits into cryptocurrency for a higher APY than traditional savings. There is some risk involved, but there are no fees, and it’s super easy to manage your account on your own.

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Crypto Savings Account


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Overall Rating

4.5% APY

Average review rating 4.4/5 on TrustPilot

Pros & Cons

Now that you have a basic understanding of how Linus works, let’s get to the details. What are the benefits and drawbacks of opening a Linus high-yield savings account? Here’s what you need to know. 


  • High-yield savings — over 4% APY
  • No fees to open and manage your account
  • Minimal maintenance required
  • No need to research or learn about cryptocurrency


  • There is no insurance — if you lose your investment in an economic crash, it won’t be recovered.
  • APY is variable and can go down over time.

So, you want to invest in cryptocurrency, but you’re not sure where to start. It all seems so complicated and technical — there are so many options to choose from. 

Sound familiar? If you’re looking for a simpler way to invest in cryptocurrency and blockchain, you might be interested in Linus. This high-yield crypto savings account makes it easy to get started and takes all the hard work out of your hands. 

Linus comes with a ton of benefits for crypto beginners, but it isn’t necessarily risk-free.

Ready to learn more? The Linus review below will tell you everything you need to know about Linus, including the major pros and cons, so you can decide if it’s the right choice for you. 

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Quick Summary

Minimum Deposit: $0

APY: 4.5% APY

Promotion: $20 sign-up bonus (with a qualifying deposit)

What Is Linus?

Let’s start with the basics: what is Linus, and what does it do?

Linus Financial, LLC, is a company that offers high-yield savings accounts. That means they are not associated with a bank or FDIC insured. 

With that in mind, you should consider this opportunity as more of an investment account than a traditional savings account — there is more risk involved than in saving with a normal bank. 

What Do They Offer?

Blockchain investment is at an all-time high. The problem is, it still takes some know-how and tech-savviness to invest on your own. That’s where Linus comes in.

Linus Account Features

Linus offers a way to access the benefits of cryptocurrency investment without any hard work. With a $500 initial deposit, you’ll get up to 4.5% APY on your savings account. 

To put that into perspective, a traditional savings account offers around 0.08% APY

So, how does Linus produce such a crazy high yield? By converting your savings into cryptocurrency. 

When you deposit money into your Linus account, it is tokenized into USDC, a type of cryptocurrency known as stablecoin. USDC is backed one-to-one by US Dollars.

That way, your money can collect interest in digital capital markets without depreciating in value. 

All this digital trading and conversion happens behind-the-scenes. As an investor with Linus, you can make deposits and withdrawals in dollars, just like you would with a normal savings account.

Fee Breakdown

There are some risks to investing with Linus. But fortunately, those risks don’t include sneaky charges. 

There are no fees at all to open and manage your Linus account. After the initial $500 deposit, it’s up to you how much you want to deposit and withdraw.

There are no minimum balance requirements, withdrawal fees, or term limits. 

Linus is an honest and straightforward investment company. While your money won’t be protected against a major economic collapse, it will be safe from hidden fees.

Linus Bonus Offer

As a relatively new company, Linus is still working hard to attract new users. That means it’s an awesome time to open your account — they currently offer a $20 bonus with your first deposit. 

In addition, Linus has regular promotions to help boost your account. You can gain a $20 bonus each time you refer a friend, as well as a 1.0% bonus on deposit transactions in September of this year.


Is Linus Safe to Use?

Linus should not be regarded as a traditional savings account. This is an investment account that is not backed by FDIC insurance. That means your deposits are not protected against a major economic crisis or downturn. 

That said, investing with Linus is safer than many other cryptocurrency platforms. Your deposit is converted to USDC, which is backed by the US dollar, so you don’t have to worry about sudden fluctuations in your account.

How Long Do Linus Withdrawals Take?

There are no withdrawal fees to transfer money from your Linus account to your normal banking account. However, it does take some time. 

A wire transfer with Linus will normally take one business day to reach your account. ACH transfers can take 3-5 business days. To initiate a withdrawal, you just have to log into your Linus account and link your checking account or debit card.

How Often Is Interest Paid?

Any deposit you make into your Linus account will begin earning interest immediately. The online system is updated every 6 hours, so you can watch your interest accrue every time you log in.

How Does Linus Make Money?

Linus does not make money directly from its customers. It’s totally free to open and manage your account. 

Instead, they profit off the APY differential between their rates and Compound Finance, the lending platform where your deposit collects interest.

Is Linus FDIC Insured?

No, Linus is not FDIC insured. There is some risk when you invest your money with them. 

How Do I Sign Up for an Account?

Ready to get started with Linus? Signing up for your account is fast, free, and easy. Here’s a quick step-by-step guide.

  1. 1
    Initial signup: Head to Linus’ website and click ‘Sign Up.’ All you have to do is enter your name and email address to get started. Then, you will be able to access your dashboard and familiarize yourself with the platform. 
  2. 2
    Confirm your identity: Once you’re ready to make a deposit, Linus will require a little more information. They will ask for your government ID and use your computer’s camera to take a picture of you. 
  3. 3
    Check your email: When your identity is confirmed, Linus will send you an email — this normally takes less than 15 minutes. Click the link in the email to finish your account registration.
  4. 4
    Make your first deposit: Now, you can link your bank account to make an ACH transfer into your new Linus bank account. You can also set up recurring deposits to keep up with your savings. 

Next Steps

Linus is a new kind of savings account that comes with tons of benefits. It’s free to sign up, easy to use, and offers a higher yield than any traditional bank or credit union. 

But with all those awesome benefits, there are also risks. Linus is not backed by FDIC insurance. You could lose some (or all) of your investment if a crisis occurs. 

So, is Linus worth it? That’s up to you!

The risks are pretty minimal compared to other cryptocurrency platforms, and your savings will collect as much as 64x the interest of a traditional savings account. As long as you’re willing to accept the risk, it’s an easy way to grow your wealth. 

If you think Linus is right for you, now is a great time to get started! You’ll get a $20 bonus with your new account, and your first deposit will start earning interest right away.

Head to their website and sign up today to start making the most of your savings. 


Linus is a high-yield savings account that converts your deposits into cryptocurrency for a higher APY than traditional savings.

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  • Editor Rating
  • Rated 4.5 stars
  • 80%

  • Linus
  • Reviewed by:
  • Published on:
  • Last modified: June 16, 2021

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