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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.

 BlockFiCoinbase
 Visit SiteVisit Site
 

BlockFi

Coinbase

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

Read BlockFi Review

SPECIAL OFFER
Get $5 in Free Bitcoin for Signing Up - Learn More

Read Coinbase Review

 

Benefits and Features

Stock Trading 
No
Options Trading 
No
Cryptocurrency Trading 
Check
Cryptocurrencies SupportedBitcoin, Ethereum, Litecoin, Chainlink, PAX Gold, USDC, Binance USD, PAX, GUSD, BAT, DAI, UNI
50
Countries SupportedWorldwide, except for countries that are sanctioned or watch-listed
Over 100
Fiat Currencies Supported
USD
USD, GBP, EUR
Digital Wallet
Yes
Yes
Transaction Fee
No
Greater of Minimum Flat Fees or Variable Fees (1.49%+) by Location and Payment Method
Minimum Flat Fees:
< $10: $0.99
$10.01 - $25: $1.49
$25.01 - $50: $1.99
$50.01 - $200: $2.99
Copy Trading
No
No
Limit Orders
No
No
Margin Trading
No
No
Spread
0.7% - 1.5%
0.50%
Interest Accounts
Up to 8%
USDC only, 1.25% APY
Crypto Loans
Yes
Invitation only
Bitcoin (BTC) Interest Rates
0.1% - 4.5%
 
Ethereum (ETH) Interest Rates
0.25% - 5%
6.0%
Bank Account Purchase Fee
No
1.49%
Litecoin (LTC) Interest Rates
0.1% - 4.75%
 
Debit Card Purchase Fee
No
3.99%
Tether (USDT) Interest Rates
5% - 8%
 
Wallet Purchase Fee 
1.49%
Credit Transaction Fee 
2%
USD Coin (USDC) Interest Rates
5% - 8%
0.15%
Mobile App
Yes
Yes
ACH Transfer Fee
No
Free
Wire Transfer Fee
No
$10 ($25 outgoing)
Crypto Conversion Fee
No
up to 2%
SEPA Bank Transfer Fee 
Free (€0.15 out)
Other Fees2% Origination Fee on crypto-backed loans
Withdrawal Fee varying based on cryptocurrency: 0.00075 BTC, 0.02 ETH, 0.0025 LTC
Instant Card Withdrawal: up to 1.5% + minimum fee of $0.55
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
Unlimited
Two-Factor Authentication
Yes
SMS or 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
$50,000 / day
 

CreditDonkey® Reviews

 BlockFiCoinbase
Cryptocurrency TradingStarStarStarEmpty StarEmpty StarStarStarStarStarStar
Interest AccountsStarStarStarStarEmpty StarStarStarEmpty StarEmpty StarEmpty Star
Crypto LoansStarStarStarStarEmpty StarStarEmpty StarEmpty StarEmpty StarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarStar
Commissions and FeesStarStarStarStarHalf StarStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarStarEmpty StarStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarStarStar
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:
  • Simple interface for beginners
  • Over 60 supported coins
  • Earn cryptos by learning
  • Coinbase Pro platform has lower fees
Cons:
  • Expensive and complex trading fee structure
  • Only email support
Bottom LineGood custodian for earning interest on crypto... Read full reviewGood beginner-friendly exchange with relatively high fees... 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.

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

Coinbase: 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% 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 Coinbase?

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

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.

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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