BlockFi vs Nexo Interest Accounts
Blockfer compares two of the most popular crypto interest account providers in our BlockFi vs Nexo comparison
These platforms have had considerable success attracting a diversified customer base including retail investors, institutional investors and investment funds, and blockchain focused companies.
Get the information you need to choose where to put your Bitcoin, Ethereum, stablecoins, and more to work for you below.
Looking for information on obtaining a crypto loan instead? Check out our comprehensive BlockFi Loans vs Nexo Loans comparison.
Key Comparison Highlights
The Facts: BlockFi vs Nexo
BlockFi
BlockFi was founded in 2017 and began offering interest account services to users in 2019. The company is licensed and registered in the US and maintains its headquarters in New Jersey.
Led by CEO Zac Prince, the BlockFi team has successfully raised significant capital from prominent blockchain focused venture capital firms including Galaxy Digital and Coinbase. BlockFi’s customer base includes both institutional grade and retail level investors.
Nexo
Nexo is a subsidiary of Credissimo, an online traditional finance lending company founded in 2007. Both companies claim to be licensed and regulated in the EU, where their headquarters and respective teams are located.
Interest account services became available to Nexo users in 2018 following their successful Initial Coin Offering (ICO), in which the company raised over $52M USD.
Nexo’s customer base consists of blockchain focused businesses and retail investors.
Features Comparison
BlockFi | Nexo | |
---|---|---|
APY Rates | 4% - 8.6% | 6% - 10% |
Interest Earning Assets | BTC, ETH, GUSD, USDC, LTC, PAXG | USD, EUR, GBP, USDT, TUSD, USDC, DAI, PAX, BTC, ETH, XRP, BCH, LTC, EOS, LINK, XLM, TRX, PAXG |
Rate Variability | Fixed, Low Variable | Low Variable, Fixed |
Earn Interest on | Stablecoin, Crypto | Fiat, Stablecoin |
Deposit Amounts | $0 - $1,000,000 | $0 - $2,000,000 |
Payout Frequency | Monthly | Daily |
Lockup Terms | Flexible | Flexible |
Compound Interest | ||
Network Token | Nexo | |
Token Benefits | No Token | Nexo tokens do not have any benefits for the Interest Account rates offered. |
Platform Type | Centralized Lender | Centralized Lender |
Deposit Insurance | ||
Credit Check | ||
KYC Check | ||
Platform Fees | No Fees | No Fees |
Supported Regions | All Countries | All Countries |
Excluded Regions | Sanctioned Countries | Sanctioned Countries |
Overall User Experience
It’s quite clear that both companies have devoted substantial resources into user experience. Readily accessible customer support, simple account creation processes, detailed FAQs and documentation, and automated features make declaring a winner for this category difficult.
BlockFi
- Easy account creation process.
- Interest payments are automatically credited to the user’s account.
- Readily accessible phone and email customer support.
- Detailed FAQ and product support documentation.
- BlockFi does not currently have a mobile app.
Nexo
- Easy account creation process.
- Readily accessible live chat customer support.
- Nexo has highly rated mobile applications available for both Android & iOS.
- Detailed FAQ and product support documentation.
- Interest payments are automatically credited to the user’s account.

Interest Account Rates
Both interest product providers offer competitive interest rates for their respective supported assets. The winner of this category is entirely dependent on the type of asset the user is seeking to earn interest on.
BlockFi | Nexo | |
---|---|---|
BitcoinBTC | 6% | 6% | EthereumETH | 5.25% | 6% | Gemini DollarGUSD | 8.6% | - | USD CoinUSDC | 8.6% | 10% | LitecoinLTC | 5% | 6% | PAX GoldPAXG | 4% | 6% | US DollarsUSD | - | 10% | EuroEUR | - | 10% | Pound sterlingGBP | - | 10% | TetherUSDT | - | 10% | TrueUSDTUSD | - | 10% | DAIDAI | - | 10% | Paxos StandardPAX | - | 10% | XRPXRP | - | 6% | Bitcoin CashBCH | - | 6% | EOSEOS | - | 6% | ChainlinkLINK | - | 6% | StellarXLM | - | 6% | TRONTRX | - | 6% |
BlockFi
- Industry best 6.2% APY on interest account balances up to 10 Bitcoins (BTC).
- Industry best 4.1% APY on interest account balances up to 1000 Ethereum (ETH).
- 8.6% APY on Gemini Dollar (GUSD) and USD Coin (USDC) interest account balances. There are no minimum and maximum balance requirements or restrictions.
- BlockFi interest accounts do not support fiat.
Nexo
- 8% APY on USDT, TUSD, USDC, PAX, & DAI interest account balances.
- 8% APY on USD, EUR, and GBP fiat interest account balances.
- Maximum account balance of $2,000,000
- While Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) interest accounts have been announced, they are currently not available.

Available Interest Account Assets
It is important to keep in mind that both interest account providers have only been operating for a few years. We expect more supported crypto assets from both platforms in the future. For now, this category is a tie until Nexo fulfills its announcements of adding crypto assets to their available interest account products.
BlockFi
- Both Gemini Dollar (GUSD) and USD Coin (USDC) stablecoins are supported.
- Supported crypto assets include Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
Nexo
- EUR & GBP fiat interest accounts are available.
- Supported stablecoins include: USDT, TUSD, USDC, PAX, & DAI.
- There are currently no supported crypto assets.

Interest Account Fees & Terms
In traditional finance, most companies go out of their way to hide the associated fees with their products. In this category, we applaud both BlockFi and Nexo for their transparency. Find out why we scored BlockFi vs Nexo a tie in the 'Fees & Terms' category below.
BlockFi
- Compound interest is included and paid out every month.
- No minimum balance amount required. Start with $1 USD.
- An APY rate of 2.2% is applied to the remainder of balances greater than 10 BTC for all Bitcoin interest accounts.
- An APY rate of 0.5% is applied to the remainder of balances greater than 1000 ETH for all Ethereum interest accounts.
- US customers accepted.
- No maximum account balance restrictions.
- Interest account holders can withdrawal their assets at any time without penalty.
- Interest account holders are entitled to one free withdrawal per month.
TIE
- Compound interest on account balances is paid out daily.
- No minimum balance amount required. Start with $1 USD.
- Maximum account balance of $2,000,000 USD.
- Interest account holders can withdrawal their assets at anytime without penalty.
- US customers accepted.

Special Features
Successful companies try to establish competitive advantages by implementing features unique to their platform. These specific features are listed below.
BlockFi
- Interest Payment Flex - BlockFi users can choose to receive their automatically credited interest payments in Gemini Dollar (GUSD), Ethereum (ETH), or Bitcoin (BTC).
- Generous refer-a-friend program.
- Trade between crypto assets directly on the platform.
Nexo
- EUR & GBP fiat interest accounts with high yield APY.
- Nexo does not currently have a referral program.

Trust & Security
Company history, capital sources, overall reputation, and business practices are closely examined in our ‘Trust & Security’ category.
BlockFi
- Did not run an Initial Coin Offering (ICO) to raise operating capital.
- Strong institutional backing from venture capital firms including Galaxy Digital and Coinbase.
- Licensed to operate in the US.
- BlockFi uses Gemini Custody, an insured custodian, to maintain and secure customer balances.
- Two-Factor authentication available for account holders.
- BlockFi claims that its asset balance sheet is only lent to trusted corporations and institutions.
Nexo
- Nexo claims that customer’s deposited crypto assets are insured up to $100,000,000 USD by Lloyd’s of London.
- Credissimo (Nexo’s parent company) has been operating in the financial industry since 2007.
- Credissimo (Nexo’s parent company) financial statements are audited by Deloitte.
- Two-Factor authentication available for account holders.
- Ran an Initial Coin Offering (ICO) to raise operating capital.
- There are reports of prior unethical behavior by Credissimo (Nexo’s parent company).
- Nexo more than likely lends its asset balance sheets to higher risk clients.

Who Should Use The BlockFi Interest Account? Who Should Use The Nexo Interest Account?
Find out which interest account provider best suits your personal needs.
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Comparison Conclusion
BlockFi and Nexo have quickly become two of the more popular crypto interest account providers in the industry. We believe this is due to their streamlined user experiences, low fees, and very attractive APY interest rates.
In this particular comparison, the best choice comes down to which asset the investor is seeking to earn interest on.
BlockFi is the clear winner for crypto asset investors looking to earn interest on their Bitcoin, Ethereum and Litecoin. For fiat investors, Nexo is the way to go with their 8% APY on EUR & GBP balances. Both platforms offer competitive APY rates on stablecoin balances.
Note: High yielding interest account products do not come without risks. These comparisons are meant to be an informational guide and starting point in your own research process. Before signing up to these services, we highly recommend that our audience reviews and analyzes the risks involved in using these platforms.
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 interest product providers found in this category have been tested extensively by our team as part of the review process. Factors we analyze in our interest product reviews and comparisons include: APR rates, compound interest, available assets, terms and fees, and deposit amounts.
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.