CoinLoan vs. BlockFi

CoinLoan is a crypto lending and earning platform, founded in 2017, based in Estonia. The company is a crypto management industry pioneer regulated under the Estonian financial license. CoinLoan supports English, German, French, Japanese, Russian, and Turkish languages. Company offers $100M BitGo asset insurance coverage.

Currently, the platform has 20 crypto assets to choose from: CLT, BTC, ETH, XRP, XMR, DOT, LTC, BCH, XLM, WBTC, LINK, UNI, MKR, USDC, USDT, BUSD, TUSD, DAI, PAX (USDP), PAXG. CoinLoan has its own crypto exchange where you can swap, sell, and buy crypto. 150+ pairs are available to buy, sell or swap on the internal exchange.

CoinLoan offers earning in crypto and fiat at up to 10.3% APY that can rise by 2% with staking CLT, company’s native token. CoinLoan’s APR on loans starts at 5.5% with LTV options ranging between 20% and 70%.

US-based BlockFi came into existence in 2017. The company is a crypto management platform where you can earn interest or get a crypto loan. BlockFi language support is limited to English. Gemini is in charge of BlockFi security for clients’ funds.

So far, BlockFi crypto assets include a total of 13 digital assets: BTC, ETH, DAI, UNI, BAT, USDC, LINK, USDT, LTC, GUSD, PAX (USDP), PAXG, BUSD. 33 exchange pairs are available.

The company offers 7.99% APY and 8.73% APR for borrowers. BlockFi loans are crypto-backed, meaning you need collateral for application approval. LTV options also vary from 20% to 50%.