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BlockFi vs Binance US

BlockFi is a good custodian for earning interest on crypto. How does it compare to Binance US? Read our comparison chart below.

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.

While 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.

Compare BlockFi with Binance US, side-by-side.

 BlockFi
 Visit SiteLearn More
 

BlockFi

Binance US

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

Read BlockFi Review

OFFER
Buy and Sell Cryptocurrency - Learn More

 

Benefits and Features

Cryptocurrencies SupportedBitcoin, Ethereum, Litecoin, Chainlink, PAX Gold, USDC, Binance USD, PAX, GUSD, BAT, DAI, UNI
52
Countries SupportedWorldwide, except for countries that are sanctioned or watch-listed
41 US States
Fiat Currencies Supported
USD
USD
Digital Wallet
Yes
Yes
Transaction Fee
No
0.10% spot trading fee or 0.50% instant buy/sell fee
Copy Trading
No
No
Limit Orders
No
Yes
Margin Trading
No
Yes
Spread
0.7% - 1.5%
0.01% - 0.95% depending on cryptocurrency
Interest Accounts
Up to 8.25%
Up to 10% APY
Crypto Loans
Yes
No
Bitcoin (BTC) Interest Rates
0.1% - 4.5%
 
Ethereum (ETH) Interest Rates
0.25% - 5%
 
Bank Account Purchase Fee
No
Free
Litecoin (LTC) Interest Rates
0.1% - 4.75%
 
Debit Card Purchase Fee
No
4.5%
Tether (USDT) Interest Rates
7% - 8.25%
 
USD Coin (USDC) Interest Rates
7% - 8.25%
 
Mobile App
Yes
Yes
ACH Transfer Fee
No
Free
Wire Transfer Fee
No
  • Deposit: $15
  • Domestic Withdrawal: $15
  • International Withdrawal: $35
Crypto Conversion Fee
No
Free for USDC to BUSD
Withdrawal FeeVaries based on cryptocurrency: 0.00075 BTC, 0.02 ETH, 0.0025 LTC 
Other Fees2% Origination Fee on crypto-backed loans25% fee discount for holding BNB; tiered discounts based on 30 day trade volume
Address Allowlisting
Yes
Yes
Anonymity
No
No
Biometric Login
Yes
Yes
Cold Storage
Yes
Yes
Maximum Trading AmountSingle-trade limit of $1.2m USD or equivalentMaximum order amount varies by currency
Two-Factor Authentication
Yes
Google Authenticator
Withdrawal Limit7-day Withdrawal Limit varies by cryptocurrency: 100 BTC, 5,000 ETH, 10,000 LTC.
Up to $5,000 USD via direct bank withdrawal
Wire Transfer: $7,500,000 / day
 

CreditDonkey® Reviews

 BlockFi
Cryptocurrency TradingStarStarStarEmpty StarEmpty Star
Interest AccountsStarStarStarStarEmpty Star
Crypto LoansStarStarStarStarEmpty Star
Mobile AppStarStarStarStarHalf Star
Commissions and FeesStarStarStarStarHalf Star
Ease of UseStarStarStarStarEmpty Star
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
SafetyStarStarStarStarStar
Pros & ConsPros:
  • Earn up to 8.25% APY on cryptos
  • No commissions (only charges a spread)
  • Crypto-backed loans
Cons:
  • Only supports 8 coins
  • Withdrawal restrictions
  • Slow withdrawal times (up to 7 days)
Bottom LineGood custodian for earning interest on crypto... Read full review
 Visit SiteLearn More

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

BlockFi: Pricing information from published website as of 06/30/2021.

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

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

Crypto Interest Account - Earn up to 8.25% APY

  • No hidden fees
  • No minimum balances
  • Buy, sell or exchange cryptocurrencies
BlockFi

BlockFi Rewards Credit Card - $25 Bonus in Crypto After Your First Purchase

Expires 11/30/2021
  • Earn 3.5% back in Bitcoin during your first 3 months
  • Earn an unlimited 1.5% back in Bitcoin on every purchase
  • No annual fee
  • No foreign transaction fees

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


Articles on BlockFi

BlockFi Review

BlockFi lets you earn interest and borrow against your 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.

Celsius vs BlockFi

Celsius and BlockFi are cryptocurrency lending and borrowing platforms where investors can earn interest on their crypto holdings. But which is right for you?

Which Do You Think is Best?





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About CreditDonkey
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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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