Gemini vs BlockFi Bitcoin Interest Rates: Which Is Better?

Gemini vs BlockFi Bitcoin Interest Rates APY

The following is sourced from Gemini and BlockFi and is current as of February 14th, 2021.

We all want to earn as much as we can out of our crypto. In this article, we’ll review two different platforms: Gemini and BlockFi.

A closer look into Gemini and BlockFi bitcoin interest rates helps us better understand which platform is better.

Bitcoin Interest Rates: Which One Is Better?

BlockFi beats Gemini’s interest rate by double in their first tier and competes with them at the second tier at 3% versus Gemini’s 3.05%.

If you’re looking for a place to put your bitcoin, BlockFi would be the way to go if you have less than 2.5 bitcoin. If you have more than 2.5 bitcoin, Gemini will earn you more interest by 0.05%.

See the charts below (sourced from their respective sites) to see the Bitcoin breakdowns for each platform.

Gemini Bitcoin Interest Rate

Earlier this month (February 2021), Gemini, a cryptocurrency exchange and custodian, started offering the ability to earn interest in crypto. Users who purchase crypto on the Gemini platform automatically earn interest on their balances.

While it’s great that Gemini is now offering crypto investors to earn interest on their balances, Gemini only offers 3.05% interest on Bitcoin. This is half of what BlockFi offers (see below).

Gemini Interest Rates on Bitcoin

Gemini Interest Rates on Bitcoin


BlockFi Bitcoin Interest Rates

BlockFi also allows its users to buy/sell cryptocurrencies and automatically earn interest on their balance. There are no minimum fees to start earning interest.

More about the BlockFi Interest Account from BlockFi’s rates page:

BlockFi Interest Account clients can deposit their crypto and earn interest.

Paid out at the beginning of every month, the interest earned by account holders compounds, increasing the annual yield for our clients.

Here is their chart breaking down each cryptocurrency they offer interest on.

BlockFi Bitcoin APY for BIA

BlockFi Bitcoin APY for BlockFi Interest Account (BIA)

You can see that BlockFi separates their interest rates for bitcoin (BTC) into two tiers. Any clients holding 0 – 2.5 bitcoin can earn 6% APY. Clients holding anything over 2.5 bitcoin earn a reduced rate of 3%.


You may be interested in the article Here’s Who Bought Bitcoin So Far (Updated 2021).