BlockFi vs Coinbase
BlockFi is a good custodian for earning interest on crypto. How does it compare to Coinbase? 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 Coinbase is a large, beginner-friendly crypto exchange with relatively high fees. Through their easy-to-use app they offer a range of features including staking, educational rewards, and limited crypto-backed loans.
Compare BlockFi with Coinbase, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 |  | |
 | | |
BlockFi | Coinbase | |
|---|---|---|
Get Up to $250 in Bonus BTC - | Earn $5 in bitcoin for getting started on Coinbase - | |
Benefits and Features | ||
| Stock Trading | ||
| Options Trading | ||
| Cryptocurrency Trading |  | |
| Minimum Deposit | ||
| Cryptocurrencies Supported | Bitcoin, Ethereum, Litecoin, Chainlink, PAX Gold, USDC, Binance USD, PAX, GUSD, BAT, DAI, UNI | |
| Countries Supported | Worldwide, except for countries that are sanctioned or watch-listed | |
| Fiat Currencies Supported | ||
| Digital Wallet | ||
| Transaction Fee | Greater of Minimum Flat Fees or Variable Fees (1.49%+) by Location and Payment Method. Minimum Flat Fees:
| |
| Copy Trading | ||
| Limit Orders | ||
| Margin Trading | ||
| Spread | ||
| Interest Accounts | ||
| Crypto Loans | ||
| Bitcoin (BTC) Interest Rates | ||
| Ethereum (ETH) Interest Rates | ||
| Bank Account Purchase Fee | ||
| Litecoin (LTC) Interest Rates | ||
| Debit Card Purchase Fee | ||
| Tether (USDT) Interest Rates | ||
| Wallet Purchase Fee | ||
| Credit Transaction Fee | ||
| USD Coin (USDC) Interest Rates | ||
| Mobile App | ||
| ACH Transfer Fee | ||
| Wire Transfer Fee | ||
| Crypto Conversion Fee | ||
| SEPA Bank Transfer Fee | ||
| Withdrawal Fee | Varies based on cryptocurrency: 0.00075 BTC, 0.02 ETH, 0.0025 LTC | |
| Other Fees | 2% Origination Fee on crypto-backed loans | Instant Card Withdrawal: up to 1.5% + minimum fee of $0.55 |
| Address Allowlisting | ||
| Anonymity | ||
| Biometric Login | ||
| Cold Storage | ||
| Maximum Trading Amount | Single-trade limit of $1.2m USD or equivalent | |
| Two-Factor Authentication | ||
| Withdrawal Limit | 7-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 | ||
| Dai (DAI) Interest Rates | ||
| Gemini Dollar (GUSD) Interest Rates | ||
| Paxos Standard (PAX) Interest Rates | ||
CreditDonkey® Reviews | ||
| | |
| Cryptocurrency Trading |   | |
| Interest Accounts | | |
| Crypto Loans | | |
| Mobile App |  | |
| Commissions and Fees | | |
| Ease of Use | | |
| Research | | |
| Safety | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Good custodian for earning interest on crypto... | Good beginner-friendly exchange with relatively high fees... |
| | |
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. Coinbase: Pricing information from published website as of 04/13/2021. | ||
Get Up to $250 in Bonus BTC
| Deposit | Crypto 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 |
Crypto Interest Account - Earn up to 9% APY
- No hidden fees
- No minimum balances
- Buy, sell or exchange cryptocurrencies
| Cryptocurrency | Amount | Interest (Paid Monthly) |
|---|---|---|
| Bitcoin (Tier 1) | 0 - 0.10 BTC | 4.5% APY |
| Bitcoin (Tier 2) | > 0.10 - 0.35 BTC | 1.0% APY |
| Bitcoin (Tier 3) | > 0.35 BTC | 0.1% APY |
| Ethereum (Tier 1) | 0 - 1.5 ETH | 5% APY |
| Ethereum (Tier 2) | > 1.5 - 5 ETH | 1.5% APY |
| Ethereum (Tier 3) | > 5 ETH | 0.25% APY |
| Litecoin (Tier 1) | 0 - 20 LTC | 3.50% APY |
| Litecoin (Tier 2) | > 20 - 100 | 1% APY |
| Litecoin (Tier 3) | > 100 LTC | 0.1% APY |
| USD Coin (Tier 1) | 0 - 40,000 USDC | 9% APY |
| USD Coin (Tier 2) | > 40,000 USDC | 8% APY |
| Gemini Dollar (Tier 1) | 0 - 40,000 GUSD | 9% APY |
| Gemini Dollar (Tier 2) | > 40,000 GUSD | 8% APY |
| Tether (Tier 1) | 0 - 40,000 USDT | 9.5% APY |
| Tether (Tier 2) | > 40,000 USDT | 8.5% APY |
Earn $5 in bitcoin for getting started on Coinbase
Personalized $5 reward offer is displayed after account creation. Limited time offer and while supplies last. Offer available to new users who have not previously verified their identification. Offer not available to new users who were referred to Coinbase through the Referral Program or who have previously opened an account using different contact information. Coinbase may update the conditions for eligibility at any time, in its sole discretion. See Terms and Conditions.
Which is Better: BlockFi or Coinbase?
Still need help deciding which crypto is better? Read the in-depth reviews below. You may also be interested in comparing BlockFi or eToro.
In short: BlockFi's interest accounts, crypto loans, and commissions and fees are notable. Coinbase's cryptocurrency trading, ease of use, and research are excellent.
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?
Articles on Coinbase
Coinbase Review
Coinbase is a digital currency exchange where you can buy and sell cryptocurrency. Find out if it's safe, and how it compares to other crypto exchanges.
Is Coinbase Safe
Coinbase is one of the most popular cryptocurrency exchanges out there. But is it safe? Read on to find out.
Coinbase vs Gemini
Coinbase and Gemini are two leading trading platforms where you can trade Bitcoin and other popular cryptocurrencies. But how do they stack up?
Coinbase vs Robinhood
Investors new to crypto have no doubt heard of Robinhood and Coinbase. But which is better for crypto trading? Read on to learn the pros and cons of each.
BlockFi vs Coinbase
Coinbase and BlockFi are some of the biggest names in crypto trading. But how do you choose which platform to use? Get to know the pros and cons of each.
Alternatives to Coinbase
Coinbase is the most popular crypto exchange, but it's also expensive. See how it compares against alternatives like eToro, BlockFi, Gemini, and more.
Which Do You Think is Best?
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