Best support ever. So, 2 days ago I was testing withdrawals on both of them, to see how it works and so on. Does Celsius support Binance Chain (BEP-2)? Celsius should add the Binance sweep feature that lets you turn all your dust into BNB, but for Celsius it should be Cel. $100 at 4.51% APY is $104.51 after one year, and $100 at 6% APY is $106.00. BlockFi Interest Account Review and BlockFi Interest Rates. And the dividend payments the put out a nice touch. And blockfi main investor is a libtard idiot. BlockFi still has higher apy on BTC, LTC, and ETH though. When do I start earning rewards? Cookies help us deliver our Services. The BlockFi interest rates are fairly competitive, especially when compared to simply keeping your cryptocurrency on an interest-free exchange or wallet. If you need high liquidity with your assets, Celsius still seems to be a better choice even though there are inconvenience too. VS BlockFi @6% Paid/Compounding MONTHLY. BlockFi is paying interest on over $50M worth of crypto and is backed by reputable industry players. You're using APY which already takes compounding into affect then you're compounding it again. The BlockFi Interest Account does not … Interest accrues daily and is paid monthly. Obviously I responded to a request cancellation because of the outrageous 0.0025 btc fee. As the industry matures, Prince expects that BlockFi will likely have to lower interest rates on its savings accounts at some point, but rates have held at 8.6% for more than a year. I deleted it 10 minutes later because it is a Celsius subreddit after all. Option 1) $100 at 4.51% compounding ***daily*** for one year is $104.61. Some indirect services might affect your decisions too, ie; being able to trade on BlockFi and so on. Remember that, If you're looking to compare with CDC or Nexo as well, I've done some initial comparison here. I found the withdrawal process on Blockfi sketchy. Terms Apply. There are no hidden fees, no minimum balances, and no reason to wait. Haha, yes indeed, can't wait for my first Monday gains. Or in what way do they stop folks from doing this to compound their gains after a bit of time. Where can I … Or is it only one-way? Until now, Blockchain.com offered 4.5% interest per year on Bitcoin and 7% interest on stablecoins such as USDT and PAX. There's a 24 hours lock when you change your withdrawal address in Celsius while there's a 24 hours processing time (on top of weekends) when you withdraw in BlockFi. Digital currency is not legal tender, is not backed by the government, and the BlockFi Interest Account (BIA) is not a bank account nor a brokerage account, and is not subject to FDIC or SIPC protections. If you deposit to Celsius via ACH, are you also able to withdraw too? Earn more from your crypto. Nexo pays daily on stable coin and loans easy to get compared to both. I still have a few $ worth on Celsius cause the app was so annoying to use and it just would not let me withdraw the full balance on any of the coins I had. BlockFi. Look AUM and News coverage. Nothing beats waking up Monday morning and seeing gains in the app! As reported in August 2020, BlockFi closed on a $50 million Series C funding round led by Morgan Creek. BlockFi announced that it has raised another $50 million led by Morgan Creek Digital ahead of the launch of a Bitcoin rewards-based credit card.. BlockFi Funding Amid Global Uncertainty. You can set up dollar cost averaging on BlockFi which is great for passive investing. I use both and try to rack up promos and referrals for both as well. Choose what company that more trusted. Now, it has increased those interest rates to 6% and 12%, respectively. Actually is very simple if smb wanna stick with Btc only and dont like any shitcoins always stick with BlockFi otherwise Nexo and CDC . Once the rest of the smart yields are released we should be up there in the 20s with Celsius. When they say that the Celsius interest isnt compounding, does that mean you can withdraw your funds and deposit them again and begin accruing that interest? Celsius Network – Sign Up Now Use Code 173029c36c to get 10USD when you deposit 200dollars . Option 2) $100 at 6% compounding monthly for one year is $106.17. Morgan Creek Digital led BlockFi’s Series C funding round. Please make sure that you read our Help Center before posting a general question that can be found there: https://support.celsius.network/hc/en-us, Press J to jump to the feed. A new feature not mentioned in this thread is BlockFi's recurring trades. If you want a loan, Celsius requires a $1000 minimum loan while Blockfi requires a $5000 minimum loan. Also don't put all your eggs into 1 bowl. Is Your Money Safe on BlockFi? Final Thoughts: Is BlockFi Legit? But after testing both I think I was wrong. Cred Earn pays the best. Other participating investors include Valar Ventures – the lead investor in BlockFi’s Series A and B. . Once you complete the quick and easy KYC process, you will have access to your compound interest-earning account. So, 2 days ago I was testing withdrawals on both of … Coinbase pro was charging me a little over $5 in network fees to move $20 of USDC But after testing both I think I was wrong. And also, why do they have a "Remember me on this device" option, if they don't request for 2fa codes after requesting a withdrawal? Earn up to 21.49% APY on crypto, and get a crypto-backed loan for as low as 1% APR. How do I activate a promo code? Celsius however does have a slight lead in usdc interest (for now, they change it frequently) of 8.69% instead of 8.6%.