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


	SPECIAL OFFER Get Up to $250 in Bonus BTC - Learn More Read BlockFi Review	SPECIAL OFFER Earn $5 in bitcoin on your first trade on Coinbase - Learn More Read Coinbase Review
	Benefits and Features
Stock Trading		No
Options Trading		No
Annual Fee		None
Cryptocurrency Trading
Minimum Deposit	$0	$2
Cryptocurrencies Supported	Bitcoin, Ethereum, Litecoin, Chainlink, PAX Gold, USDC, Binance USD, PAX, GUSD, BAT, DAI, UNI	170
Countries Supported	Worldwide, 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 7.5% (Not Available in US)
Crypto Loans	Yes	Invitation only
Bitcoin (BTC) Interest Rates	2% - 3.5%
Ethereum (ETH) Interest Rates	2% - 3.5%	6.0%
Bank Account Purchase Fee	No	1.49%
Litecoin (LTC) Interest Rates	0% - 2%
Debit Card Purchase Fee	No	3.99%
Wallet Purchase Fee		1.49%
Credit Transaction Fee		2%
USD Coin (USDC) Interest Rates	6% - 7.5%	0.15%
Mobile App	Yes	Yes
ACH Transfer Fee	No	No
Wire Transfer Fee	No	$10 ($25 outgoing)
Crypto Conversion Fee	No	up to 2%
SEPA Bank Transfer Fee		Free (€0.15 out)
Withdrawal Fee	Varies based on cryptocurrency: 0.00075 BTC, 0.015 ETH, 0.001 LTC
Other Fees	2% Origination Fee on crypto-backed loans	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 Amount	Single-trade limit of $1.2m USD or equivalent	Unlimited
Two-Factor Authentication	Yes	SMS or Google Authenticator
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	$50,000 / day
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 Crypto		ALGO, ATOM, ETH, XTZ, ADA
	CreditDonkey® Reviews

Cryptocurrency Trading
Interest Accounts
Crypto Loans
Mobile App
Commissions and Fees
Ease of Use
Research
Safety
Pros & Cons	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)	Pros: Simple interface for beginners 160 supported coins Earn cryptos by learning Cons: Expensive and complex trading fee structure Only email support
Bottom Line	Good custodian for earning interest on crypto... Read full review	Good beginner-friendly exchange with relatively high fees... Read full review

	Get Up to $250 in Bonus BTC BlockFi Rewards Visa® Signature Credit Card $250 Bitcoin Bonus When You Fund Your New Account	Earn $5 in bitcoin on your first trade on Coinbase Buy and Sell Cryptocurrency Learn Crypto, Earn Crypto
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 07/01/2022. BlockFi Interest Accounts are not available in the United States. Coinbase: Pricing information from published website as of 04/13/2021.

Get Up to $250 in Bonus BTC

Get Up to $250 Bonus

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

BlockFi Rewards Visa® Signature Credit Card

Learn More

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.

$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.

Get Deal

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 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.

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.