Review Scores

Overall Score8.5/108.5/10
Global Access8/109/10
Loan Options9/109/10
Easy of use8/109/10
Trust9/108/10
Fees & Rates7/107/10
Support9/108/10

Feature Overviews

BlockFiNexo
APR Rates6.5% - 15.25%5.9% - 15.25%
Borrow AssetsUSD, GUSD, USDCUSD, USDT
Rate VariabilityLow VariableLow Variable
Loan Amounts$5,000 - $1,000,000$500 - $2,000,000
Receive FundsFiat : 3 Business Days, Stablecoin : InstantFiat : 3 Business Days, Stablecoin : Instant
Repayment TypeInterest OnlyInterest Only
Available LoansFiat, StablecoinsFiat, Stablecoins
Accepted CollateralsBTC, ETH, LTCBTC, ETH, XRP, BCH, BNB, LTC, NEXO, EOS, XLM, PAXG
Collateral LTV50% - 50%15% - 75%
Margin Call LTV70%80%
Collateral InsuranceNoYes
KYC CheckYesYes
Platform FeesLoan Origination Fee: 2% Already included in the APR percentages. Margin Call: 15%
Network TokenNoNexo
Token BenefitsNO TOKENInterest Payments must be paid in NEXO tokens to get the published APR rates.
Platform TypeCentralized LenderCentralized Lender
Credit CheckNoNo
Supported RegionsAll CountriesAll Countries
Excluded RegionsSanctioned CountriesSanctioned Countries

Compare APR Rates

BlockFiNexo
US DollarsUSD6.5% - 15.25%5.9%
Gemini DollarGUSD6.5% - 15.25%-
USD CoinUSDC6.5% - 15.25%-
TetherUSDT-5.9%

Compare Accepted Collaterals & LTV

BlockFiNexo
BitcoinBTC20% - 50%55%
EthereumETH20% - 50%50%
LitecoinLTC35% - 50%30%
PAX GoldPAXG-75%
XRPXRP-40%
Bitcoin CashBCH-30%
Binance CoinBNB-30%
EOSEOS-30%
StellarXLM-30%
NexoNEXO-15%

Company Facts

BlockFiNexo
Legal NameBlockFi Inc.Credissimo AD-Sofia
Incorporated CountryUnited StatesMalta
HeadquartersNew York, NY United StatesSofiya, Bulgaria
Year Founded20172007
CEOZac PrinceSokol Iankov
Total Employees200+101-250
RegulatorsU.S State Lending RegulatorsUnclear Regulation
LinksWebsite, Crunchbase, Whitepaper, Twitter, Blog, LinkedInWebsite, Crunchbase, Whitepaper, Source code, Twitter, Blog, LinkedIn

Methodology: How We Review And Compare

Our mission is to provide the most informative, unbiased, and useful reviews and comparisons possible for products and services in the blockchain finance industry. Assessments are powered by experts with years of relevant experience.

The crypto lending platforms found in this category have been tested extensively by our team as part of the review process. Factors we analyze in our crypto loan reviews and comparisons include: APY rates, available assets, loan amounts, loan options, LTV ratios, platform fees, reputation, ease of use, loan terms and fees, and customer support.

The Blockfer Promise: We do everything in our power to keep content up to date and in the best interests of our audience. Blockfer does not shy away from poor ratings. Products or services that do not meet our reputability standards will be rated as 'Not Trusted'. Compensation from partners does not, and will never, effect our review process.

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