Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.
BlockFi vs Coinbase: Which is right for you?
BlockFi’s crypto selection (it offers fewer than 12 crypto assets) is nowhere near as large as Coinbase’s. However, it could still be a good option for traders in search of lower fees and interest rewards. Plus, it’s probably a better option for crypto-backed loans. BlockFi’s loans have interest rates as low as 4.5%, while Coinbase’s bitcoin-backed loans require an 8% APY.
But Coinbase is much more suitable for traders in search of a wider variety of cryptocurrencies. It not only offers more than 80 different assets, but it also offers several educational resources (including Coinbase Earn) for traders who want to learn more about cryptocurrencies.