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BlockFi vs Coinmama

BlockFi is a good custodian for earning interest on crypto. How does it compare to Coinmama? 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 Coinmama is a comparatively expensive, non-custodial cryptocurrency exchange that focuses on quick and easy purchases. Through their simple desktop site, they support debit and credit cards, as well as Apple and Google Pay.

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

 BlockFiCoinmama
 Visit SiteVisit Site
 

BlockFi

Coinmama

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

Read BlockFi Review

OFFER
Buy Bitcoin in 5 minutes - Learn More

Read Coinmama Review

 

Benefits and Features

Cryptocurrencies SupportedBitcoin, Ethereum, Litecoin, Chainlink, PAX Gold, USDC, Binance USD, PAX, GUSD, BAT, DAI, UNI
9
Countries SupportedWorldwide, except for countries that are sanctioned or watch-listed
190
Fiat Currencies Supported
USD
USD, EUR, GBP, AUD, CAD, JPY
Digital Wallet
Yes
No
Transaction Fee
No
Buy: up to 3.81%; Sell: 2.93% - 3.90%
Copy Trading
No
No
Limit Orders
No
No
Margin Trading
No
No
Spread
0.7% - 1.5%
2%
Interest Accounts
Up to 8.25%
No
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
5% added express fee
Tether (USDT) Interest Rates
7% - 8.25%
 
Credit Transaction Fee 
5% added express fee
USD Coin (USDC) Interest Rates
7% - 8.25%
 
Mobile App
Yes
No
ACH Transfer Fee
No
 
Wire Transfer Fee
No
Only available for orders over $50,000
Crypto Conversion Fee
No
 
SEPA Bank Transfer Fee 
Free
Withdrawal FeeVaries based on cryptocurrency: 0.00075 BTC, 0.02 ETH, 0.0025 LTC 
Other Fees2% Origination Fee on crypto-backed loansSwift bank transfer: £20 (~$27.5) fee for orders under $1000
Address Allowlisting
Yes
No
Anonymity
No
No
Biometric Login
Yes
No
Cold Storage
Yes
No
Maximum Trading AmountSingle-trade limit of $1.2m USD or equivalentLevel 1 Account: $15,000 / day; Level 2 Account: $50,000 / day; Level 3 Account: $1,000,000
Two-Factor Authentication
Yes
Google Authenticator or Authy
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
 
 

CreditDonkey® Reviews

 BlockFiCoinmama
Cryptocurrency TradingStarStarStarEmpty StarEmpty StarStarStarStarHalf StarEmpty Star
Interest AccountsStarStarStarStarEmpty Star
Crypto LoansStarStarStarStarEmpty Star
Mobile AppStarStarStarStarHalf Star
Commissions and FeesStarStarStarStarHalf StarStarStarHalf StarEmpty StarEmpty Star
Ease of UseStarStarStarStarEmpty StarStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty StarStarEmpty StarEmpty StarEmpty StarEmpty Star
SafetyStarStarStarStarStarStarStarStarStarEmpty Star
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)
Pros:
  • Very simple interface
  • Non-custodial exchange
  • Many buying options
Cons:
  • High fees
  • Limited range of cryptocurrencies
  • No research tools
Bottom LineGood custodian for earning interest on crypto... Read full reviewGood international crypto exchange but has high fees and limited currencies... 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.

Coinmama: 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

Which is Better: BlockFi or Coinmama?

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: BlockFi's commissions and fees and safety are notable. In particular, the safety is excellent. Coinmama's ease of use is outstanding.


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 Coinmama

Coinmama

Coinmama is a well-known cryptocurrency broker with high-quality customer service. Are their relatively high fees worth it? Read on to find out.

Coinmama vs Coinbase

Coinbase and Coinmama are popular cryptocurrency trading platforms available to users all over the world. Which is right for you? Read on to find out.

Which Do You Think is Best?





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