BlockFi vs. Coinbase: Which Should You Choose? – Investopedia

BlockFi vs. Coinbase: Which Should You Choose? – Investopedia

At a Glance

  BlockFi Coinbase
Fees Up to 1% spread per trade Up to 0.50% spread per trade, 3.99% for credit card purchases, and 1.49% for Coinbase wallet or bank account purchases
Currencies  66 
Security  Two-factor authentication (2FA), cold storage, insurance on hot storage, and a bug bounty program  Two-step verification, FDIC-insured USD balances up to $250,000, bug bounty program, platform insurance against theft, and cold storage 
Wallet  AES-256 encryption and allowlisting  AES-256 encryption, whitelisting, and multi-signature wallets 
Transactions Supported  Buy, sell, exchange, send, withdraw, and receive  Buy, sell, exchange, send, withdraw, and receive 
Max. Trading Amount  Based on the user’s account size and historical activity, and varies by customer  Limits vary based on your payment method and region 
Mobile App  Android and iOS  Android and iOS 


BlockFi vs. Coinbase: Features

While both Coinbase and BlockFi offer exchange services, they take a different approach. On Coinbase, investors can use Automated Clearing House Network (ACH), wire transfer, debit or credit card, or PayPal to purchase crypto. These trades exchange fiat funds for altcoins. BlockFi users send funds via wire transfer or ACH. BlockFi converts fiat currency into Gemini Dollars (GUSD) and deposits
Source…