BlockFi Vs. Coinbase: Which Crypto Exchange Is Better for Investors? – Business Insider

BlockFi Vs. Coinbase: Which Crypto Exchange Is Better for Investors? – Business Insider

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BlockFi vs Coinbase: Which is right for you?

BlockFi and Coinbase offer several similar features, but the platforms differ when it comes to fees, crypto products, and investment choices.

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.