BlockFi vs Celsius Network

BlockFi vs Celsius Network

BlockFi vs Celsius Network

BlockFi vs Celsius Network, which one is better? In this straightforward RushRadar Comparison, we'll help you choose the best Lending Platform.

BlockFi Vs Celsius Network

Popularity

BlockFi is more popular than Celsius Network, by analyzing both platforms' metrics for Google searches we can see that BlockFi has almost twice as many queries as Celsius Network.

Winner: BlockFi

Safety

BlockFi holds your cryptocurrencies with Gemini, Celius holds them with BitGo, both of them are highly-trusted when it comes to security in the crypto-assets space, despite the fact that BlockFi has faced some securities issue in early 2020, we still believe they have an overall better security structure due to their insurance policy among other features.

Winner: BlockFi

Rates

Celsius Network offers the overall best APY rates for your staked crypto, that being said, you should compare the specific cryptocurrency you're looking to stake, in some cases, BlockFi offers better rates.

Winner: Celsius Network

Features

BlockFi offers more features than Celsius Network.

BlockFi Features:

  • Insured, third-party custody from Gemini Custody
  • Easy to use website
  • Near-instant decisions on loans
  • No credit checks
  • Very competitive interest rates on loans
  • Savings accounts and loans on Bitcoin, Ethereum, Litecoin and GUSD

Celsius Network Features:

  • Savings and loans on a large variety of crypto assets
  • Near-instant decisions on loans
  • No credit checks

Winner: BlockFi

Usability

Celsius Network has an excellent user experience, the app is very intuitive and easy to use, on the other hand, we found various issues when using the BlockFi app.

Winner: Celsius Network

Bonus

Celsius Network has a better referral bonus, upon signing up and depositing at least $400 worth of crypto, you will earn a $50 BTC bonus. With BlockFi, although you will only have to deposit $100, you will only earn a $10 BTC bonus.

Winner: Celsius Network

Support

Celsius Network having reached and dealt with boost customer support teams, we can say the Celsius Network support team was quicker than BlockFi's in responding to our queries.

Winner: Celsius Network

BlockFi Vs Celsius Network 2
BlockFi Vs Celsius Network 3

BlockFi vs Celsius Network: Verdict

Celsius Network has a clear edge over BlockFi, nonetheless, if you own various cryptocurrencies, you will be able to earn staking rewards on both platforms. You should always check both platforms before completing a deposit and get to know which one will offer the best APY on the specific cryptocurrency you're looking to stake.

In recent times, BlockFi has been decreasing its interest rates for higher amounts which is a major drawback.

If you sign up for both platforms, you'll be able to earn a total of $50 BTC!

You can read the BlockFi Review and the Celsius Network Review by following the links below.

Winner: Celsius Network

BlockFi Vs Celsius Network

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