{"id":22036,"date":"2021-11-30T13:40:21","date_gmt":"2021-11-30T18:40:21","guid":{"rendered":"https:\/\/coincentral.com\/?p=22036"},"modified":"2022-03-19T14:01:31","modified_gmt":"2022-03-19T18:01:31","slug":"celsius-network-vs-coinbase","status":"publish","type":"post","link":"https:\/\/coincentral.com\/celsius-network-vs-coinbase\/","title":{"rendered":"Celsius Network vs Coinbase: Which Crypto Interest Account is Best"},"content":{"rendered":"

Celsius Network vs. Coinbase is a comparison often made on the basis of passively earning interest on cryptocurrency deposits, but the two platforms are distinctly different.<\/span><\/p>\n

Celsius Network<\/span><\/a> is a cryptocurrency lending platform that provides crypto-backed loans and pays out interest on popular cryptocurrency assets like Bitcoin and Ethereum, and stablecoins like USDC.\u00a0\u00a0<\/span><\/p>\n

Coinbase<\/span><\/a>, on the other hand, is the most popular cryptocurrency exchange in the United States; its cryptocurrency interest account feature merely exists as an auxiliary service.\u00a0<\/span><\/p>\n

In short, Celsius is a newer company, but is better established in the cryptocurrency interest account niche and offers higher rates, whereas Coinbase is better established in the overall cryptocurrency ecosystem and is starting to offer interest features.\u00a0<\/span><\/p>\n

The following Celsius Network vs. Coinbase will explore each platform\u2019s advantages and how they stack up against each other.\u00a0<\/span><\/p>\n

Celsius Network vs Coinbase: Key Information<\/span><\/h2>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n

Celsius Network<\/strong><\/span><\/p>\n<\/td>\n

\n

Coinbase<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Reviews<\/strong><\/p>\n<\/td>\n

\n

Our Review<\/span><\/a><\/p>\n<\/td>\n

\n

Our Review<\/span><\/a><\/p>\n<\/td>\n<\/tr>\n

\n

Site Type<\/strong><\/p>\n<\/td>\n

\n

Crypto lending app with borrowing and lending<\/span><\/p>\n<\/td>\n

\n

Cryptocurrency Exchange + Basic Crypto Interest Account<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Beginner Friendly<\/strong><\/p>\n<\/td>\n

\n

Yes<\/span><\/p>\n<\/td>\n

\n

Yes<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Mobile App<\/strong><\/p>\n<\/td>\n

\n

Yes<\/span><\/p>\n<\/td>\n

\n

Yes<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Buy\/Deposit Methods<\/strong><\/p>\n<\/td>\n

\n

Crypto deposits, debit card, bank transfer<\/span><\/p>\n<\/td>\n

\n

Credit Card, Debit Card, Bank Transfer, Crypto Deposits<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Sell\/Withdrawal Methods<\/strong><\/p>\n<\/td>\n

\n

External crypto wallet transfer<\/span><\/p>\n<\/td>\n

\n

PayPal, Bank Transfer, Withdrawal to External Crypto Account<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Available Cryptocurrencies<\/strong><\/p>\n<\/td>\n

\n

Bitcoin, Ethereum, Link, and several others<\/span><\/p>\n<\/td>\n

\n

Bitcoin, Ethereum, Litecoin, and 58 more<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Company Launch<\/strong><\/p>\n<\/td>\n

\n

2017<\/span><\/p>\n<\/td>\n

\n

2012<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Location<\/strong><\/p>\n<\/td>\n

\n

London, England<\/span><\/p>\n<\/td>\n

\n

San Francisco, CA, USA<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Community Trust<\/strong><\/p>\n<\/td>\n

\n

Great<\/span><\/p>\n<\/td>\n

\n

Great<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Security<\/strong><\/p>\n<\/td>\n

\n

Good<\/span><\/p>\n<\/td>\n

\n

Great<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Customer Support<\/strong><\/p>\n<\/td>\n

\n

Great<\/span><\/p>\n<\/td>\n

\n

Good<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Verification Required (KYC)<\/strong><\/p>\n<\/td>\n

\n

Yes<\/span><\/p>\n<\/td>\n

\n

Yes<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Fees<\/strong><\/p>\n<\/td>\n

\n

Excellent (there are none)<\/span><\/p>\n<\/td>\n

\n

Medium<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Site + Promo<\/strong><\/p>\n<\/td>\n

\n

$50 sign-up bonus<\/a> after transferring $400 or more and holding for 30 days.\u00a0<\/strong><\/p>\n<\/td>\n

\n

$10 bonus<\/a> when buying or selling $100 or more in cryptocurrency.\u00a0\u00a0<\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Company Bios: Celsius vs. Coinbase?<\/span><\/h2>\n

Celsius<\/span><\/a> was founded in 2017 by Alex Mashinsky and Daniel Leon. The company has raised approximately $100 million in private funding rounds. It manages more than $15 billion in community assets, boasting more than 850,000 users.<\/span><\/p>\n

\"A
A screenshot of Celsius Network homepage.<\/figcaption><\/figure>\n

Coinbase<\/span><\/a> was launched by Brian Armstrong and Fred Ehrsam in 2012. The company is based out of San Francisco, CA, and has <\/span>about 56 million users<\/span><\/a>, as of July 2021. Coinbase has <\/span>more than $220 billion<\/span><\/a> in assets under management.<\/span><\/p>\n

\"A
A screenshot of Coinbase’s homepage.<\/figcaption><\/figure>\n

Coinbase recently IPOd on the New York Stock Exchange and stock in the company can now be purchased under the ticker symbol $COIN. As of the time of writing, the company has a market capitalization of <\/span>nearly $48 billion<\/span><\/a>.<\/span><\/p>\n

Feature #1: Interest Rates: Who Has Higher APY, Celsius or Coinbase?<\/span><\/h2>\n

Coinbase only offers interest rates on a select few cryptocurrencies, and they\u2019re modest at best. If your primary goal is to earn the highest APY possible, Celsius Network is a better option.\u00a0\u00a0<\/span><\/p>\n

Coinbase offers staking rewards on Cosmos, Tezos, and, Ethereum, and USDC (its stable coin). Here are the current rates:<\/span><\/p>\n