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BlockFi vs Celsius Network

BlockFi is a good custodian for earning interest on crypto. How does it compare to Celsius Network? 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 Celsius Network is a crypto banking service with the ability to earn interest on a range of cryptocurrencies and stablecoins, paid weekly. They offer crypto-backed loans and facilitate the ability to pay and get paid in crypto.

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

 BlockFi
 Visit SiteLearn More
 

BlockFi

Celsius Network

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

Read BlockFi Review

SPECIAL OFFER
Sign Up Bonus: $40 BTC - Learn More

Read Celsius Network Review

 

Benefits and Features

Cryptocurrencies SupportedBitcoin, Ethereum, Litecoin, Chainlink, PAX Gold, USDC, Binance USD, PAX, GUSD, BAT, DAI, UNIBitcoin, Ethereum, USDC, Gemini Dollar, Paxos Standard, LINK, BAT, COMP, UMA, SNX, AAVE, Bitcoin SV, Bitcoin Cash, Litecoin, Mana, Uniswap, Polygon, Livepeer, Kyber Network, Binance USD, Ethereum Classic, EOS, TrueCAD, TrueHKD, TrueAUD, TrueGBP, TrueUSD, USDT, 0x, DAI, PAX Gold, OMG Network, Stellar, Ripple, Dash
Countries SupportedWorldwide, except for countries that are sanctioned or watch-listed
Over 100
Fiat Currencies Supported
USD
USD, AUD, GPB, EUR, CAD, CHF, DKK, NZD, NOK, SEK, RUB, BRL, CZK, RON, HUF, HKD, BGN, TRY, INR, IDR, HRK, PHP, MYR, ZAR, JPY, PLN, VND, ISK, CLP, COP, ARS, PEN, KES, TWD
Digital Wallet
Yes
Yes
Transaction Fee
No
No
Copy Trading
No
No
Limit Orders
No
No
Margin Trading
No
No
Spread
0.7% - 1.5%
1%
Interest Accounts
Up to 8%
Up to 17.78%
Crypto Loans
Yes
Yes
Bitcoin (BTC) Interest Rates
0.1% - 4.5%
3.51 - 6.20%
Ethereum (ETH) Interest Rates
0.25% - 5%
5.05 - 6.35%
Bank Account Purchase Fee
No
No
Litecoin (LTC) Interest Rates
0.1% - 4.75%
4.08 - 5.33%
Debit Card Purchase Fee
No
No
Tether (USDT) Interest Rates
5% - 8%
13.19%
USD Coin (USDC) Interest Rates
5% - 8%
10 - 13.19%
Mobile App
Yes
Yes
ACH Transfer Fee
No
0.1%
Wire Transfer Fee
No
0.5%
Crypto Conversion Fee
No
No
Other Fees2% Origination Fee on crypto-backed loans
Withdrawal Fee varying based on cryptocurrency: 0.00075 BTC, 0.02 ETH, 0.0025 LTC
Credit Card Fee: 3.5% or $10 minimum fee; or 2.99 for EEA and UK residents
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 equivalent
No
Two-Factor Authentication
Yes
Yes
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
$1 USD minimum; $600,000 USD limit per 24 hours
 

CreditDonkey® Reviews

 BlockFi
Cryptocurrency TradingStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
Interest AccountsStarStarStarStarEmpty StarStarStarStarStarHalf Star
Crypto LoansStarStarStarStarEmpty StarStarStarStarStarHalf Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarHalf StarStarStarStarStarHalf Star
Ease of UseStarStarStarStarEmpty StarStarStarStarStarEmpty Star
ResearchStarEmpty StarEmpty StarEmpty StarEmpty StarStarEmpty StarEmpty StarEmpty StarEmpty Star
SafetyStarStarStarStarStarStarStarStarStarHalf Star
Pros & ConsPros:
  • Earn up to 8% 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)
Pros:
  • High rates on interest accounts
  • Low fees
Cons:
  • Limited features on exchange
  • App slightly difficult to use
Bottom LineGood custodian for earning interest on crypto... Read full reviewLow fee exchange with competitive rates on crypto-backed loans and interest accounts... Read full review
 Visit SiteLearn More

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

Celsius Network: Pricing information from published website as of 05/04/2021.

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% APY

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

CryptocurrencyAmountInterest (Paid Monthly)
Bitcoin (Tier 1)0 - 0.10 BTC4.5% APY
Bitcoin (Tier 2)> 0.10 - 0.35 BTC1.0% APY
Bitcoin (Tier 3)> 0.35 BTC0.1% APY
Ethereum (Tier 1)0 - 1.5 ETH5% APY
Ethereum (Tier 2)> 1.5 - 50 ETH1.5% APY
Ethereum (Tier 3)> 50 ETH0.25% APY
Litecoin (Tier 1)0 - 20 LTC4.75% APY
Litecoin (Tier 2)> 20 - 1001% APY
Litecoin (Tier 3)> 100 LTC0.1% APY
USD Coin (Tier 1)0 - 40,000 USDC8% APY
USD Coin (Tier 2)> 40,000 USDC5% APY
Gemini Dollar (Tier 1)0 - 40,000 GUSD8% APY
Gemini Dollar (Tier 2)> 40,000 GUSD5% APY
Tether (Tier 1)0 - 40,000 USDT8% APY
Tether (Tier 2)> 40,000 USDT5% APY

Which is Better: BlockFi or Celsius Network?

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

In short: Celsius Network's cryptocurrency trading is noteworthy.


Articles on BlockFi

BlockFi

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.

BlockFi vs Celsius

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

Articles on Celsius Network

Celsius

Celsius is a cryptocurrency lending platform where investors can earn interest on their crypto and use it as collateral. But is it safe? Read on to find out.

Which Do You Think is Best?





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