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BlockFi vs Gemini

BlockFi is a good custodian for earning interest on crypto. How does it compare to Gemini? 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 Gemini is a rapidly growing security-minded cryptocurrency exchange with a wide range of offerings. They support a variety of coins to rival other popular exchanges, moderate staking rewards on an impressive number of currencies, and a range of institutional services.

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

 BlockFiGemini
 Visit SiteVisit Site
 

BlockFi

Gemini

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

Read BlockFi Review

OFFER
Buy and Sell Cryptocurrency - Learn More

Read Gemini Review

 

Benefits and Features

Cryptocurrency Trading 
Check
Cryptocurrencies SupportedBitcoin, Ethereum, Litecoin, Chainlink, PAX Gold, USDC, Binance USD, PAX, GUSD, BAT, DAI, UNI
34
Countries SupportedWorldwide, except for countries that are sanctioned or watch-listed
Over 50
Fiat Currencies Supported
USD
USD, AUD, CAD, EUR, GBP, SGD, HKD
Digital Wallet
Yes
Yes
Transaction Fee
No
($0.99 - 1.49%)
Copy Trading
No
No
Limit Orders
No
Yes
Margin Trading
No
No
Spread
0.7% - 1.5%
0.50%
Interest Accounts
Up to 8%
Up to 7.4% APY
Crypto Loans
Yes
No
Bitcoin (BTC) Interest Rates
0.1% - 4.5%
2.05%
Ethereum (ETH) Interest Rates
0.25% - 5%
3.05%
Bank Account Purchase Fee
No
Free
Litecoin (LTC) Interest Rates
0.1% - 4.75%
4.50%
Debit Card Purchase Fee
No
3.49%
Tether (USDT) Interest Rates
5% - 8%
 
Wallet Purchase Fee 
Free
USD Coin (USDC) Interest Rates
5% - 8%
 
Mobile App
Yes
Yes
ACH Transfer Fee
No
Free
Wire Transfer Fee
No
Free
Crypto Conversion Fee
No
($0.99 - 1.49%)
SEPA Bank Transfer Fee 
Free
Other Fees2% Origination Fee on crypto-backed loans
Withdrawal Fee varying based on cryptocurrency: 0.00075 BTC, 0.02 ETH, 0.0025 LTC
Cryptocurrency withdrawals are free for up to 10 coins / month; further withdrawals vary by currency
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 equivalentACH: $5,000 / day, $30,000 / month; Debit Card: $1,000 / day; Wire Transfer: Unlimited; Digital Assets: Unlimited
Two-Factor Authentication
Yes
Authy, SMS, or WebAuthn
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
ACH: $10,000 / day; $30,000 / month; Wire Transfer: $100 min; Digital Assets: for less than 10 free / month; more than 10/month incurs a fee
 

CreditDonkey® Reviews

 BlockFiGemini
Cryptocurrency TradingStarStarStarEmpty StarEmpty StarStarStarStarHalf StarEmpty Star
Interest AccountsStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Crypto LoansStarStarStarStarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarStar
Commissions and FeesStarStarStarStarHalf StarStarStarStarStarHalf Star
Ease of UseStarStarStarStarEmpty StarStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarStarStar
SafetyStarStarStarStarStarStarStarStarStarStar
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:
  • Beginner friendly
  • Security-focused
  • Competitive fees
Cons:
  • Moderate selection of coins
  • No margin trading
Bottom LineGood custodian for earning interest on crypto... Read full reviewStrong all-around crypto exchange. But without as many coins as other exchanges... 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.

Gemini: 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 Gemini?

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: Gemini's ease of use and research are 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 Gemini

Gemini

Gemini is a cryptocurrency exchange for investors who prioritize security. Find out if it's as safe as they claim and how it stacks up to other exchanges.

Which Do You Think is Best?





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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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