How does Coinbase compare to Blockfi?

A privately-owned, New York-based company, the BlockFi platform was founded in 2017. Among its many strong points is its leadership team. They have decades of combined experience in the traditional financial services world. Many have worked, more specifically, in banking.

The team prides itself on a conservative approach to regulation. One that prepares its consumers for long-term, sustainable growth. BlockFi's CEO and co-founder, Zac Prince, comes with years of leadership experience at multiple successful tech companies.

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Before starting BlockFi, Prince headed up business development teams at Orchard Platform. Orchard Platform is a broker-dealer and RIA serving the online lending sector. He also worked at Zibby, an online consumer lender.

BlockFi Interest Account

Many crypto HODLers (asset holders) store their funds on exchanges or in cold storage for extended periods. Of course, their cryptos don't "work" for them in this instance.

But BlockFi interest accounts empower individuals and companies to use their crypto-assets more wisely. These individuals and companies can earn interest in cryptos on their assets held by BlockFi.

Who can take advantage of the BlockFi Interest Account? It's available to clients worldwide. However, there are a few exceptions, including those for residents of sanctioned or watchlist countries.

BlockFi Credit Card

BlockFi is currently offering a $250 signup bonus on its forthcoming credit card, the first Bitcoinrewards credit card on the market. The card will launch in early 2021, altering the Bitcoin-earning landscape in several key ways.

It’s the first credit card in the crypto ecosystem to bear the Bitcoin logo prominently. You won't find higher than the 1.5 percent Bitcoin rewards rate, which accrues with every purchase.

You'll earn the $250 signup bonus in Bitcoin returns after spending $3,000 on the card in your first three months. This spending minimum doesn't include the $200 annual fee.

BlockFi Exchange

For users looking for an easy way to trade between different assets, BlockFi's trading platform makes it easy. Best of all, you can earn compound interest while trading.

What's more, BlockFi offers an unusual, zero-fee trading model. How does the company make money off trades? By selling data on the users' trades to large institutional crypto firms. These firms will, in turn, provide liquidity by acting as market makers at BlockFi.

Coinbase

One of the largest crypto companies worldwide, Coinbase supports more than 100 countries and boasts in excess of 30 million customers globally. It offers a wide array of services, including the ability to sell and buy Bitcoins through a bank account, debit card, or credit card.

What about their rates? They're definitely competitive and fair.

Brian Armstrong and Fred Ehrsam founded Coinbase in 2012 as part of Ycombinator. This history makes Coinbase one of the oldest exchanges in the crypto industry.

Coinbase Interest Account

Coinbase, like BlockFi, lets you earn interest on your assets. With Coinbase, yields on cryptos range between four percent and eight percent or more. That means superior yields as opposed to traditional savings accounts.

Thousands of Coinbase Wallet users have deposited millions of dollars and earned interest rates of six percent or more. Best of all, when you loan your crypto, you can use the app to watch your interest grow in real-time.

Coinbase Card

Coinbase Card is a Visa debit card that lets you spend any asset in your portfolio while earning rewards on purchases. Because it isn't a credit card, it works like more traditional crypto debit cards.

You can use the card anywhere that Visa is accepted and earn four percent in rewards every time you use it for purchases. Best of all, you don't have to worry about any annual fees or sign-up fees.

Before you can get a Coinbase Card, you must download the Coinbase Card app for iOS or Android. Once you've completed the instructions to apply for a card, you'll receive immediate access to your virtual Coinbase Card. A physical copy will be sent to your address.

Coinbase Exchange

What's one of the things we most appreciate about Coinbase? The company places an essential emphasis on ease-of-use. This philosophy impacts every aspect of the customer experience, from interest-yielding accounts to buying and selling cryptos via their exchange.

Coinbase boasts a variety of features that make it the preferred choice of consumers. They make buying and selling cryptocurrencies streamlined by permitting you to keep track of everything in one spot.