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BlockFi vs Nebeus: The Pros, Cons and How they Compare | Bitcompare

BlockFi and Nebeus are leading crypto lending and borrowing platforms that compete to give you the best rates. We break them down to see which is better.


BlockFi vs Nebeus

  • Features
  • Ease of use
  • Security
  • Support
  • Reputation
  • Fees
  • Overall
BlockFi
  • 4
  • 5
  • 4
  • 4
  • 5
  • 4
  • 4.33
Go to siteBlockFi
Nebeus
  • 3
  • 4
  • 3
  • 3
  • 3
  • 4
  • 3.33

Pros and cons of BlockFi

Pros

  • Insured wallets by AON and stored by Gemini which is regulated in NYC, United States
  • Created by reputable team with highly regarded US based investors
  • Competitive interest rates with flexible, transparent terms
  • No need to use or stake native currencies to get higher interest rates
  • Monthly compounding interest
  • No requirements for minimum withdrawal
  • No monthly fees
  • A single free withdrawal per month
  • No minimum amount on savings accounts
  • Accepts USA citizens
  • Facilitation of earning interest, trading, and borrowing from a centralized hub using the BlockFi app
  • Bitcoin rewards credit card

Cons

  • One free withdrawal per month with a 0.0025 BTC withdrawal fee after that
  • Complaints of withdrawals taking up to seven days
  • Only three collateral options
  • Loan terms that are limited to 12 months
  • Only one option to receive a loan in (USD)
  • High minimum loan amounts starting at $5,000
  • Low loan-to-value (LTV) ratios of 50 percent

Pros and cons of Nebeus

Pros

  • A good option for European-based customers
  • Can top-up directly with debit and credit cards

Cons

  • UI has bugs such as their verification section is unusable (use chat instead) etc.
  • Wallets aren't insured unlike competitors
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USD Margin Lending

  • Return rates optimized daily
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  • No minimum
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Best Crypto Savings Accounts of 2021
CoinPlatform5 Star RatingInterest Rate (APY)Visit
USDCNexo510%Go to site
BTCNexo56%Go to site
USDCBlockFi48.6%Go to site
BTCBlockFi45%Go to site
USDCCelsius4.58.88%Go to site
BTCCelsius4.56.2%Go to site
USDCHodlnaut3.510.5%Go to site
BTCHodlnaut3.56.2%Go to site
USDCCoinLoan3.512.3%Go to site
BTCCoinLoan3.57.2%Go to site
GUSDGemini1.57.4%Go to site
BTCGemini1.52.05%Go to site
USDCCrypto.com4.512%Go to site
BTCCrypto.com4.56.5%Go to site
USDCLedn29.5%Go to site
BTCLedn26.1%Go to site

Frequently asked questions about BlockFi

We’ve compiled some answers to questions we often get. Should you have any other questions, feel free to reach out below in the comments.

Where is BlockFi based?

BlockFi is based in NYC, New York, United States. It’s team is based their and most of their investors and advisors are based in the United States.

Will applying for a BlockFi account hurt my credit score?

Absolutely not. BlockFi won't do a credit check on you because your loan is based on collateral. It won't effect your credit score at all.

Who can I contact if something goes wrong?

BlockFi offer real-time chat and email at support@blockfi.com. You can also call them on 646.779.9688

Which countries does BlockFi support?

The BlockFi Interest Account isn't available to sanctioned or watchlist countries. It's also not available in New York, Connecticut, Washington, and Wyoming. BlockFi is available everywhere else.

Does BlockFi have Two-Factor Authentication?

Yes, BlockFi offers Two-Factor Authentication. It won't be set up by default, however, you can easily switch it on in the settings. If singing up with BlockFi, we highly recommend setting this up.

How often does BlockFi's interest compound?

BlockFi's savings accounts offer monthly compounded interest. If you withdraw within a given month, you will not receive the interest earned during that month.

Does BlockFi have an app?

Not yet, however, they tell us it's in the works and will be available in the coming months.

Is there a maximum amount I can deposit to BlockFi

No, BlockFi doesn't have any maximum deposits.

Does BlockFi have minimum deposits?

No, BlockFi don't have any minimum deposits.

Will I lose my interest for a given month if I withdraw?

No. BlockFi now offers to pay your interest on a pro-rata basis if you withdraw during a month in which you're earning interest.

How long does it take to withdraw funds?

It can take up to 7 days to withdraw funds, however, in practice it's usually in one business day

What is the duration of a BlockFi loan?

They are 12 months, however, there is no prepayment penalty.

Frequently asked questions about Nebeus

We’ve compiled some answers to questions we often get. Should you have any other questions, feel free to reach out below in the comments.

Where is Nebeus based?

Nebeus is based in London, UK

Is Nebeus safe to use?

Nebeus is a relatively new company. They offer overcollaterlized loans which generally makes them a fairly safe bet but we wouldn’t recommend investing any more than you can lose.

  • Features
  • Ease of use
  • Security
  • Support
  • Reputation
  • Fees
  • Overall
BlockFi
  • 4
  • 5
  • 4
  • 4
  • 5
  • 4
  • 4.33
Go to siteBlockFi
Nebeus
  • 3
  • 4
  • 3
  • 3
  • 3
  • 4
  • 3.33

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