BlockFi vs Celsius: Who Wins? (2022)
BlockFi vs Celsius
BlockFi vs Celsius
BlockFi vs Celsius, which one is better? In this straightforward RushRadar Comparison, we'll help you choose the best Lending Platform.
Popularity
Safety
BlockFi holds your cryptocurrencies with Gemini, Celsius 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 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
Features
BlockFi offers more features than Celsius.
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
- Savings and loans on a large variety of crypto assets
- Near-instant decisions on loans
- No credit checks
Winner: BlockFi
Usability
Celsius 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
Bonus
Celsius 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
Support
Celsius having reached and dealt with boost customer support teams, we can say the Celsius support team was quicker than BlockFi's in responding to our queries.
Winner: Celsius
BlockFi vs Celsius: Verdict
Celsius 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 Review by following the links below.
Winner: Celsius
Subscribe to our Free Newsletter
Subscribe
Get it before they do!
