Bitcoin and Ethereum have become the leading cryptocurrency in recent years, with many of the top banks and financial institutions recently announcing that they would be moving towards their use in the future. While there are some advantages to these coins, there are also some disadvantages. After all, they are not as decentralized as many might like, making them prone to manipulation and centralization. As a result, some of the biggest companies in the world are now looking to establish their own cryptocurrencies and digital wallets in order to capitalize on the new technology.

When it comes to investing in cryptocurrencies, there are two major challenges that face many people. The first is that most retail brokers online don’t offer many investment options in cryptocurrency. The other is that many of the retail brokers who do offer cryptocurrency investment options have terrible customer service.

One of the most common questions we get from our readers is “Which crypto interest account is best for me?” If you’re wondering the same thing, check out our comparison of BlockFi and, which should help answer that question.. Read more about blockfi vs card and let us know what you think.

If you’re comparing bitcoin interest accounts, Blockfi vs. is a good place to start. 

BlockFi is a CeFi mainstay and is headquartered in the United States. It’s simple to get started, has a high level of confidence among cryptocurrency users, and provides above-average returns on currencies like BTC, ETH, and USDC.

BlockFi includes a credit card, an exchange, and an interest account that all work together smoothly. is headquartered in Hong Kong and has developed a reputation for being a pioneer in all it does. An exchange, interest account, staking platform, NFT storage platform, credit card, and other services are among the company’s offerings. 

While’s interest account has some of the highest APYs, it needs customers to go through a lot of hoops and hold a lot of its native token, CRO, to receive them. 

Everything you need to know about pricing, security, public trust, and more is included in our comprehensive BlockFi vs. comparison. 

Let’s get this party started.

Key Differences Between BlockFi and




Review of BlockFi

Review of

Site Type

Interest account in cryptocurrency Plus basic exchange

NFT exchange + cryptocurrency exchange + cryptocurrency interest account

Suitable for beginners



App for mobile devices



Methods of Purchase and Deposit

ACH, wire transfers, and crypto deposits are all options.

ACH, wire transfers, PayPal, and credit or debit cards are all options.

Methods of Sale and Withdrawal

Bank account, external crypto wallet

Transfers from a crypto wallet to a bank account, ACH

Cryptocurrencies that are currently available

Link + stablecoins (Bitcoin, Ethereum, Litecoin)

Bitcoin, Ethereum, Dogecoin, stablecoins, and other altcoins are some of the most popular.

The Beginning of a Business




Jersey City, New Jersey, United States of America

Hong Kong

Trust in the Community






Customer Service



Verification is necessary (KYC)






Website + Promotion

On BlockFi, you may earn up to $250.

On, you can earn up to $25.

Bios of the Companies: BlockFi vs.

Zac Prince and Flori Marquez launched BlockFi in 2017. It is based in New Jersey and has attracted funding from SoFi, Winklevoss Capital, and Pomp Investments, among others in the Fintech and cryptocurrency sectors. 

BlockFi on Crunchbase (courtesy of Crunchbase)

Crunchbase’s BlockFi (courtesy of Crunchbase)

BlockFi’s most recent round of financing was in March 2021, when it received $350 million with a value of $3 billion. The firm manages about $15 billion in assets (AUM). on Crunchbase (courtesy of crunchbase)

Crunchbase has (courtesy of crunchbase)

In June 2016, was established in Hong Kong under the name Monaco Technologies, but was renamed to its present identity in July 2018. The business expanded rapidly after being approved into SuperCharger, a Hong Kong government-backed cryptocurrency incubator program.

CEO Kris Marszalek and CFO Rafael Melo lead Its team includes graduates from some of the most well-known brands in both conventional and cryptocurrency finance, including:

  • Deutsche Bank is a financial institution based in Germany
  • JP Morgan Chase & Co.
  • PayPal
  • Binance

Feature #1: Interest Rates: BlockFi or Who Pays More? and BlockFi both pay interest on the bitcoin assets that customers keep on their platforms. 

The BlockFi technology is considerably simpler, which has a significant impact on the user experience.

To calculate their returns on BlockFi, customers just need to know the amount of an item they’re depositing. 

The mechanism at is much more complex, with lots of chances for confusion. The rates on vary depending on whether a user opts for a flexible, 1-month, or 3-month period. In order to earn the highest interest, customers must possess’s token (CRO). The rates increase as the levels of CRO holdings increase:

  1. CRO of $400 or less
  2. CRO ranges from $401 to $4,000
  3. CRO costs range from $4,001 to $40,000 or more.
  4. CRO ranges from $40,001 to $400,000.

Cryptocom-Review-Is-the-Crypto-Earn-Interest-Account-Legit-Safe’s first and lowest tier.

Keep in mind that all CRO numbers are in dollars, thus to unlock the top tier, you’ll need to spend $400,000 on CRO. 

Let’s look at some instances to understand how this works.


  • BlockFi uses a tiered interest-rate system for Bitcoin; APY scales based on how much BTC you store on the platform. Rates are around 4% for 0 – 0.25 BTC, 1.5% for 0.25 – 5 BTC, and 0.25% for > 5 BTC, but are subject to change.
  • With a 3-month account,’s BTC rates vary from 1.5 percent for a flexible account with less than $400 in CRO to 8.5 percent for a user with $40,000 or more in CRO.


  • BlockFi also uses a tiered interest-rate system for Ethereum. Current rates are 4% for 0 to 5 ETH, 1.5% for 5 to 50 ETH, and 0.25% for > 50 ETH.
  • Ethereum rates on range from 3.5 percent for a flexible user with less than $400 in CRO to 8.5 percent for a 3-month user with more than $40,000 in CRO.


Coin Name



3% (0 – 750 LINK), 0.5% (>750 LINK)

0.5% – 5%

Bitcoin Cash (BCH) is a cryptocurrency that


0.5% – 5%



0.5% – 5%



0.5% – 5%


3.75% (0 – 750 UNI), 1.5% (> 750 UNI)

0.5% – 5%



0.5% – 5%


4.5% (0 – 100 LTC), 2% ( >100 LTC)

0.5% – 5%



From 6% to 14.5 percent





7.5% (0 – 50,000), 5% (> 50,000)

6% – 8.5%


7.5% (0 – 50,000), 5% (> 50,000)



7.5% (0 – 50,000), 5% (> 50,000)

6% – 14%

BlockFi came out on top. The simplicity of BlockFi and its low rates win out. 

Although provides better top-end rates on most currencies than BlockFi, it asks a lot of its customers. For most users, holding $40,000 to $400,000 in an allegedly questionable token like CRO may seem impractical and useless. To put it another way, the juice from isn’t worth the squeezing, especially when a platform like BlockFi (or Celsius) provides comparable high rates without the hassle. 

By joining up with BlockFi, CoinCentral readers may earn up to $250.

What is the revenue model for BlockFi and

BlockFi generates money by lending out the assets it owns for a lower price than it pays its customers. It could, for example, give 7.5 percent on Tether (USDT) but lend it out for 12%. The risk of default on these loans is minimal since they are over-collateralized.

Loans and exchange fees are how earns money. The lending mechanism of the business is comparable to BlockFi’s. For cryptocurrency trading, it has a complicated maker/taker fee structure, with maker rates ranging from 0.036 percent to 0.1 percent and taker rates ranging from 0.090 percent to 0.16 percent.

Payouts and Withdrawals are the second feature.

BlockFi interest accrues on a daily basis and is paid out monthly. Many of its rivals pay interest on a daily basis. Each month, BlockFi members are entitled to one free crypto and one free stablecoin withdrawal. There is a charge for further withdrawals.

All on-chain withdrawals are subject to a fee from By utilizing the company’s withdraw to app feature, users may avoid these costs. Sending bitcoin to other users, on the other hand, is free. gives out interest on a daily basis, however it is not compounded.

BlockFi came out on top. Because of its free withdrawal choices and compounding interest, BlockFi takes this one. is a preferable option for those who want their interest to be paid out instantly rather than monthly, but be aware of the costs.

BlockFi vs. Security (Feature #3)

Both and BlockFi seem to treat user security seriously, and neither has had a significant security incident affecting customer money.

BlockFi keeps 95% of the money it retains in cold storage. Gemini is in charge of this, and it has a Deloitte SOC certification.

Bureau Veritas audits on a regular basis, and the company has collaborated with Ledger to cold store the overwhelming bulk of its customers’ money. To keep assets safe, it also employs hardware security modules and multi-signature technology.

Both businesses provide a variety of user-facing security measures, including two-factor authentication. 

Each one provides FDIC protection for up to $250,000 in cash funds — but only for fiat, not stablecoins or cryptocurrencies. is the winner. It’s tough to choose a winner here, but gets the lead since it promises to keep 100% of its customers’ money in cold storage, compared to BlockFi’s 95%.

Ease of Use is the fourth feature.

BlockFi is by far the most user-friendly of the two systems; customers just transfer money to BlockFi and wait for the interest to start accumulating.

Users of can do the same thing, but they won’t receive the best prices until they also buy a substantial amount of CRO tokens. This adds a new level of danger to the equation, which BlockFi does not impose on its customers. Furthermore, to obtain the highest rates, customers must lock away their money.

In the same way that has its own coin, Celsius does as well (CEL). To get the greatest rates, customers do not need to lock their money or keep a particular quantity of CEL.

Signing up with and staking for the Ruby Card will earn you $25, and depositing $400 or more on Celsius for 30 days will bring you up to a $40 BTC incentive.

Standout Features of BlockFi vs. and BlockFi both offer a unique feature in the form of a bitcoin credit card. 

The BlockFi and credit cards both enable customers to earn cryptocurrency interest on ordinary transactions.

BlockFi’s credit card, on the other hand, is considerably easier to use, as shown by other factors in our BlockFi vs. comparison. 

The BlockFi card is free to apply for, has no annual cost, and does not need you to jump through hoops to get the most out of it.’s credit cards come in a variety of levels, with rewards ranging from 1% to 8% depending on how much CRO a user has. To qualify for the highest interest rates, a person must have at least $400,000 in CRO. 

BlockFi vs. in the Court of Public Opinion Reddit

BlockFi and have received a lot of positive feedback on Reddit. Each platform, according to the popular opinion, is safe to use and provides great yield-earning possibilities.

A conversation about BlockFi and on Reddit

On Reddit, there was a discussion regarding BlockFi and

On Reddit, several individuals recommended distributing your money over both of these sites as well as Celsius. That way, if one of the platforms were to go down, you wouldn’t be as severely affected.

A conversation about BlockFi and on Reddit

On Reddit, there was a discussion regarding BlockFi and

Customer Service: BlockFi compared.

From 9:30 a.m. to 5 p.m. EST, BlockFi offers live phone assistance. Users may also visit the company’s online FAQ website to obtain answers to frequently asked issues. offers a support section where you may get answers to frequently asked questions. Email support is also accessible from the business at [email protected].

BlockFi and Can You Trust Them?

BlockFi and are both regarded as trustworthy, according to the general consensus. Each firm promises to store customer money in cold storage, which protects them safe from internet-based security threats. 

Crypto interest accounts, on the other hand, are not risk-free and should not be used as savings accounts. BTC and USDC are not guaranteed by the Federal Deposit Insurance Corporation (FDIC). 

Furthermore, these businesses lend your bitcoin to others. Despite their efforts to over-collateralize their loans, there is still a danger when you don’t have possession of your digital asset. 

Trusted brands like Deloitte and the New York Department of Financial Services have recognized BlockFi’s security standards. is ISO/IEC 27001:3013 certified and is audited by Bureau Veritas on a regular basis.

Which Crypto Interest Account Is Better: BlockFi or

BlockFi and have a lot going for them.

BlockFi beats over because it’s a lot simpler to use, and it doesn’t need customers to hold its own native coin in order to get the greatest returns. may be for you if you’re willing to become a power user and face the dangers that come with owning significant quantities of CRO tokens.’s returns are among the highest in the CeFi crypto interest account market when the token quantities and lock-up durations are maxed out. 

By joining up with BlockFi today, CoinCentral readers may earn up to $250. Alternatively, staking for the Ruby Card on may reward you up to $25. 



Now that you’ve chosen the right cryptocurrency interest account for you, take a quick look at the BlockFi and accounts. Both offer competitive interest rates, but what goes into determining the right account? In this blog, we’ll go over the features and benefits of each account, as well as their similarities and differences. So, what are your options?. Read more about vs blockfi vs celsius and let us know what you think.

Frequently Asked Questions

Is BlockFi better than crypto com?

BlockFi is a cryptocurrency lending platform that offers loans in fiat currency. Crypto Com is a crypto trading platform that allows users to trade cryptocurrencies.

Does BlockFi pay interest in crypto?

Yes, BlockFi pays interest in crypto.

What is better than BlockFi?

BlockFi is a cryptocurrency exchange that allows users to buy and sell cryptocurrencies with fiat currencies.

This article broadly covered the following related topics:

  • blockfi vs card
  • blockfi vs reddit
  • blockfi vs uphold
  • vs blockfi
  • vs blockfi vs celsius
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