BlockFi vs Which Platform is Best?

Cryptocurrencies are digital money that is growing in popularity with many investors, including new investors. However, if you’re a crypto enthusiast, you need an excellent lending/loan and crypto-exchange platform. Unfortunately, finding the right one for your needs may seem like finding a needle in a haystack. Let’s take a look at this BlockFi vs roundup.

While there are many platforms to consider, two leading platforms for 2022 are and BlockFi. Both have amazing advantages, sign-up bonuses, and trustworthy services, but which one is best. If you would like to know more about these two crypto platforms, keep reading.

Key Information
Site TypeCryptocurrency interest account + basic exchangCrypto exchange + crypto interest account + NFT exchange
Beginner Friendly YesYes
Mobile AppYesYes
Buy/Deposit MethodsACH, wire transfers,crypto depositsACH, wire transfers, PayPal, credit or debit card
Sell/Withdrawal MethodsExternal crypto wallet, bank accountExternal crypto wallet transfer, ACH
Available CryptocurrenciesBitcoin, Ethereum, Litecoin, Link + stablecoinsBitcoin, Ethereum, Dogecoin, stablecoins, other altcoins
Company Launch20172016
LocationJersey City, NJ, USAHong Kong
Site + PromoEarn up to $250 on BlockFiEarn up to $25 on

Which Is Better: BlockFi vs

Ultimately, both BlockFi and are great choices for experts and beginners. If you’re looking into crypto-backed loans and cryptocurrency lending, you should consider BlockFi. However, if you want good crypto-exchange services, is the better platform.

What Makes BlockFi Great for Loans and Lending?

blockfi blockchain

Located in New Jersey, USA, BlockFi was one of the first companies to offer crypto savings accounts and loans for crypto investors, making it a leading lender in the crypto world. It accepts many cryptocurrencies including Bitcoin (BTC) and Ethereum, but the US dollar is the only fiat currency supported on the site.

BlockFi has amazingly low-interest rates for crypto-backed loans and cryptocurrency lending. In fact, their interest rates are typically at least 30 percent less than crypto-backed loans and cryptocurrency lending from For example, BTC interest rates on BlockFi are typically 0.1 to 3 percent, but on, you’ll pay 1.5 to 8.5 percent.

In addition, you are allowed one free withdrawal each month on BlockFi, so you can get your money without paying extra money. BlockFi also has no fee for debit card purchases, but has a 2.99 percent fee in most countries (3.99 percent in some countries).


Chainlink3% (0 – 750 LINK), 0.5% (>750 LINK)0.5% – 5%
Bitcoin CashN/A
0.5% – 5%
0.5% – 5%
0.5% – 5%
UNI3.75% (0 – 750 UNI), 1.5% (> 750 UNI)0.5% – 5%

N/A0.5% – 5%
Litecoin4.5% (0 – 100 LTC), 2% ( >100 LTC)0.5% – 5%
PolkadotN/A6% – 14.5%


Tether7.5% (0 – 50,000), 5% (> 50,000)6% – 8.5%
GUSD7.5% (0 – 50,000), 5% (> 50,000)

USDC7.5% (0 – 50,000), 5% (> 50,000)6% – 14%

What Makes Great for Crypto-Exchange Services?

blockfi vs


Launched in 2016 in Hong Kong, also offers crypto savings accounts and loans, but its main bread and butter are crypto-exchange services. This makes them a great place if you want to really get involved in trading different cryptocurrencies. They even offer their own utility token: the CRO token. They have no annual fee, and the minimum deposit to open an account is only one dollar. is a better choice for crypto-exchange services when compared to BlockFi because it supports many more cryptocurrencies than BlockFi, including Dogecoin and other altcoins. This means you’ll be able to invest in just about any cryptocurrency you want. In addition, supports over 20 Fiat currencies, including the US dollar. This makes an all-in-one platform for all your crypto and fiat exchange/investment needs.

The Verdict

Cryptocurrency is an exciting investment opportunity, and more and more investors are getting involved. If you’re new to cryptocurrency, it may seem overwhelming at first, and with so many platforms, it can be hard to choose the right one for you.

BlockFi and are both good, reliable platforms. But BlockFi is the better option for most people because it’s easy to use and doesn’t have complex rules. It is also accessible to everyone. While does offer high yields, you need to own their native CRO token to access them—a drawback for some. Both, however, provide many great features, security, and ease-of-use.

We suggest comparing other platforms to BlockFi before making your decision on which platform to use. Perhaps check out Nexo as well; you can learn more about it in our comparison of BlockFi vs. Nexo. vs BlockFi Frequently Asked Questions

Yes, both BlockFi and offer signup bonuses. With BlockFi, you get a free $15 to $250 after depositing at least $100 of crypto. The exact amount depends on how much money you deposit. For example, if you deposit $100, you get a crypto bonus of $15, but you’ll need to deposit $100,000 to get the $250 crypto bonus.’s bonus is more focused on CRO tokens rather than the amount of money you deposit. If you buy $1000 worth of CRO, you’ll get $10 worth of CRO for free.
The CRO is’s personal token. Originally named the token, it was rebranded into the Cronos token. The more CRO tokens you have, the better discounts you’ll receive on The rates for the CRO token are better when compared to the rates of other cryptocurrencies on the site. also offers MCO token (Monaco token), but their leading token is the CRO token. BlockFi offers no tokens.
Yes, both and BlockFi offer a digital wallet, so you can store all your funds in one spot. BlockFi’s wallet has no transaction fee, but has a tiered maker-taker fee. The fee depends on the trade volume in the last 30 days, while also taking into account any discounts from CRO tokens. Depending on how many CRO tokens you have, you could see a discount of up to 100 percent. uses simple and fixed interest rates, and BlockFi has compound interest rates. A fixed interest rate is based on the principal amount of the loan/deposit. Compound interest is based on the principle and any interest accumulated each period. pays interest rates daily, while BlockFi pays monthly. BlockFi’s benefit is that it works much like a bank account because it earns monthly compounded interest. So even if you never touch your funds, you will make money. Typically, the yearly returns are much higher than those of a standard bank account. With, there are four tiers, depending on how much CRO you own. Tier one is for people with $400 or less in CRO. Those with $401 to $4,000 in CRO are in tier two. Tier three requires you to own $4,001 to $40,000 CRO, and the fourth tier is reserved for people who own at least $40,001 in CRO.
On, the interest rate for BTC returns is 1.5 to 8.5 percent. Ethereum investments have a 2.5 to 7.5 percent interest rate, and Litecoin has a 0.5 to 5.0 percent interest rate. The exact interest rate depends on how many CRO tokens you own. For example, if you own $400 of CRO, you have an interest rate of 1.5 percent for BTC, but if you have $40,000 CRO, the interest rate increases to 8.5 percent for BTC. On BlockFi, interest rates are typically lower. The interest rate isn’t based on how many tokens you own, but it is based on how much cryptocurrency you own. BTC interest rates for returns are 0.1 to 3 percent. Ethereum rates are 0.25 to 3 percent, and Litecoin interest rates are 0.1 to 3.75 percent.
Both platforms are incredibly secure. They both have two-factor authentication, biometric login, and anonymity. There is also a verification required on both sites. BlockFi, however, does have a bit more backing and security procedures than, making it less of an investment risk.
Both BlockFi and have a help center with answers to FAQs. However, if you need additional help, you can call customer support at BlockFi. Live support is available from 9:30 AM to 5:00 PM EST. has no live support, but they offer email support. Many people agree that BlockFi’s customer service is a better.

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