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Binance US vs BlockFi

Binance US is a low-fee exchange popular with frequent crypto traders in the US. How does it compare to BlockFi? Read our comparison chart below.

Binance US is the US branch of Binance, one of the largest crypto exchanges in the world. They offer a wide range of currencies to buy, sell and trade with some of the lowest fees in the industry. They also have resources for institutions and staking rewards on a small number of coins.

While BlockFi offers cryptocurrency borrowing and lending services. While their exchange is quite limited, their main products are their interest accounts and crypto-backed loans. They also have a crypto rewards card.

Compare Binance US with BlockFi, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Binance USBlockFi
 Visit SiteVisit Site
 

Binance US

BlockFi

OFFER
Buy and Sell Cryptocurrency - Learn More

Read Binance US Review

SPECIAL OFFER
Get Up to $250 in Bonus BTC - Learn More

Read BlockFi Review

 

Benefits and Features

Minimum Deposit
$0 ($10 Trade Minimum)
$0
Cryptocurrencies Supported
120+
Bitcoin, Ethereum, Litecoin, Chainlink, PAX Gold, USDC, Binance USD, PAX, GUSD, BAT, DAI, UNI
Countries Supported46 US states (not available in HI, NY, TX, VT)Worldwide, except for countries that are sanctioned or watch-listed
Fiat Currencies Supported
USD
USD
Digital Wallet
Yes
Yes
Transaction Fee0.10% spot trading fee or 0.50% instant buy/sell fee
No
Copy Trading
No
No
Limit Orders
Yes
No
Margin Trading
Yes
No
Spread0.01% - 0.95% depending on cryptocurrency
0.7% - 1.5%
Interest Accounts Up to 7.5% (Not Available in US)
Crypto Loans
No
Yes
Bitcoin (BTC) Interest Rates 
2% - 3.5%
Ethereum (ETH) Interest Rates 
2% - 3.5%
Bank Account Purchase Fee
Free
No
Litecoin (LTC) Interest Rates 
0% - 2%
Debit Card Purchase Fee
3.75%
No
USD Coin (USDC) Interest Rates 
6% - 7.5%
Mobile App
Yes
Yes
ACH Transfer Fee
Free
No
Wire Transfer Fee
  • Deposit: $0
  • Domestic Withdrawal: $10-$15
  • International Withdrawal: $35
No
Crypto Conversion Fee
Free for USDC to BUSD
No
Withdrawal Fee Varies based on cryptocurrency: 0.00075 BTC, 0.015 ETH, 0.001 LTC
Other Fees25% discount when you use BNB to pay for trading fees; tiered discounts based on 30 day trade volume;0% fees on selected BTC spot trading pairs2% Origination Fee on crypto-backed loans
Address Allowlisting
Yes
Yes
Anonymity
No
No
Biometric Login
Yes
Yes
Cold Storage
Yes
Yes
Maximum Trading AmountMaximum order amount varies by currencySingle-trade limit of $1.2m USD or equivalent
Two-Factor Authentication
Google Authenticator
Yes
Withdrawal LimitWire Transfer: $7,500,000 / day7-day Withdrawal Limit varies by cryptocurrency: 100 BTC, 5,000 ETH, 10,000 LTC.
Up to $5,000 USD via direct bank withdrawal
Binance USD (BUSD) Interest Rates 
6% - 7.5%
Dai (DAI) Interest Rates 
3.5% - 6%
Gemini Dollar (GUSD) Interest Rates 
6% - 7.5%
Paxos Standard (PAX) Interest Rates 
6% - 7.5%
Stake CryptoBNB, SOL, MATIC, AVAX, GRT, ATOM, LPT, AUDIO 
 

CreditDonkey® Reviews

 Binance USBlockFi
Cryptocurrency TradingStarStarStarStarStarStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
Interest AccountsStarStarEmpty StarEmpty StarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarHalf Star
Commissions and FeesStarStarStarStarStarStarStarStarStarHalf Star
Ease of UseStarStarStarStarEmpty StarStarStarStarStarEmpty Star
SafetyStarStarStarStarStarStarStarStarStarStar
Crypto LoansStarStarStarStarEmpty Star
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • Extremely low fees
  • Over 120 coins
  • High liquidity
Cons:
  • Not beginner-friendly
  • Limited staking
  • Not available in all 50 states
Pros:
  • Earn crypto rewards
  • No commissions (only charges a spread)
  • Excellent customer service
Cons:
  • Only supports 8 coins
  • Withdrawal restrictions
  • Slow withdrawal times (up to 7 days)
Bottom LineLow-fee exchange popular with frequent crypto traders in the US... Read full reviewGood custodian for earning interest on crypto... Read full review
 Visit SiteVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Binance US: Pricing information from published website as of 04/13/2021.

BlockFi: Pricing information from published website as of 07/01/2022. BlockFi Interest Accounts are not available in the United States.

BlockFi

Get Up to $250 in Bonus BTC

DepositCrypto Bonus
$100 - $1,499$15
$1,500 - $19,999$20
$20,000 - $39,999$40
$40,000 - $74,999$75
$75,000 - $99,999$100
$100,000+$250

BlockFi

BlockFi Rewards Visa® Signature Credit Card

  • Earn 1.5% back in crypto on every single purchase.
  • No annual fee. No foreign transaction fees
  • Know if you're approved without affecting your credit score. A soft credit pull happens before you've accepted the credit card offer. A hard credit pull occurs when you've accepted your credit card offer, which can have an impact on your credit score.
  • Earn 2% back in crypto on every purchase over $30,000 of annual spend. Rewards rate increases from 1.5% to 2% after $30,000 of spend has been achieved and resets on the card anniversary date every year.
  • On top of the rewards you get from BlockFi, your BlockFi Rewards Visa Signature card gives you instant access to once-in-a-lifetime travel, fine wine and food, sporting events, shopping and more.
  • Your BlockFi Rewards Visa Signature card comes with 24/7 access to your Visa Signature® Concierge* for assistance booking travel, transportation, accommodations, event tickets—even restaurant reservations and golf tee times.
BlockFi

$250 Bitcoin Bonus When You Fund Your New Account

New BlockFi clients who sign up with a specific partner referral code and fund their account during the promotion period (current calendar month ending at 23:59:59 UTC on the last day of the month) are eligible to receive a tiered bonus paid in BTC.

To be eligible for the promotion, this must be your first ever transfer to the BlockFi Wallet and you must maintain a $100,000+ account balance through the 14th of the month at 23:59:59 UTC two and a half months from the month of eligibility in order to remain eligible.

Eligible payouts occur on or before the second Friday of every month on a rolling basis. The bonus will be paid in BTC based on the prevailing market price at the time of payment. Payout will be based on your average daily balance (USD equivalent) maintained through 23:59:59 UTC on the 14th of the month you are eligible to be paid on. Any withdrawals made before 23:59:59 UTC on the 14th of the month you are eligible to be paid out on may affect your tier.

There is a maximum of one bonus per client. This offer is not valid in conjunction with any other current or past promotions and the promo code on the account will be used to determine promo eligibility for new accounts.

Which is Better: Binance US or BlockFi?

Still need help deciding which crypto is better? Read the in-depth reviews below. You may also be interested in comparing Binance US or eToro.

In short: Binance US's cryptocurrency trading is outstanding. BlockFi's interest accounts is notable.


Articles on Binance US

Binance US Review

Binance.US is the American arm of one of the largest crypto exchanges in the world. How does it compare to Binance and other popular exchanges?

Articles on BlockFi

BlockFi Review

BlockFi lets you buy, sell, earn and borrow cryptocurrency. But is it safe? Read on to find out.

How Does BlockFi Work

BlockFi is a popular crypto platform offering high interest accounts and the ability to take loans against the value of your coins. Find out how it works.

How Does BlockFi Make Money

BlockFi lets you earn interest on your crypto and take loans against the value of your coins. But how does BlockFi make money? Keep reading to find out.

BlockFi Fees

Interested in taking advantage of BlockFi's interest accounts or crypto-backed loans? Before you take the leap, understand the fees they charge.

BlockFi vs Crypto.com

Looking to earn interest on your crypto or get a crypto-backed loan? Find out whether Crypto.com or BlockFi is right for you, plus the pros/cons of each.

BlockFi vs Nexo

Nexo and BlockFi both let you earn interest and take loans against your cryptocurrency. But which one is right for you? Read on to find out.

Which Do You Think is Best?





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About CreditDonkey
CreditDonkey is a crypto comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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