Acorns vs BlockFi
Acorns is an investment app that automatically invests your spare change. Good for young investors to get into the habit. How does it compare to BlockFi? Read our comparison chart below.
Acorns is geared towards young investors who have trouble saving. This investment app automatically rounds up and invests your spare change whenever you make a purchase. The service fee starts at $3/month for accounts. There is no minimum to open.
While BlockFi offers cryptocurrency borrowing and lending services. While their exchange is quite limited, their main products are their interest accounts and crypto-backed loans. They also have a crypto rewards card.
Compare Acorns with BlockFi, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 |  | |
 | | |
Acorns | BlockFi | |
|---|---|---|
$10 Sign-Up Bonus - | Get Up to $250 in Bonus BTC - | |
Benefits and Features | ||
| Savings | ||
| Stock Trading | Part of service fee. No add-on trading fees. | |
| Options Trading | ||
| Annual Fee |
| |
| Cryptocurrency Trading | ||
| Minimum Deposit | ||
| Checking | ||
| Mutual Fund Trading | ||
| Commission Free ETFs | A selection automatically chosen by Acorns | |
| Phone Support | ||
| Live Chat Support | ||
| Email Support | ||
| Human Advisors | ||
| Robo Advisor | ||
| Assets Under Management | ||
| Tax Loss Harvesting | ||
| Goal Tracker | ||
| Automatic Deposits | ||
| Bitcoin (BTC) Interest Rates | ||
| Broker Assisted Trades | Acorns automatically invest and trade for you | |
| Good For | Beginners; Passive investors; Those who have trouble saving/investing on their own | |
| Inactivity Fee | None, but you will keep paying the monthly fee | |
| Maintenance Fee | ||
| Online Platform | ||
| Ethereum (ETH) Interest Rates | ||
| iPhone App | ||
| Android App | ||
| Litecoin (LTC) Interest Rates | ||
| USD Coin (USDC) Interest Rates | ||
| Banking | Included in Acorns Personal ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide. | |
| Mobile App | ||
| Two-Factor Authentication | ||
| Binance USD (BUSD) Interest Rates | ||
| Dai (DAI) Interest Rates | ||
| Gemini Dollar (GUSD) Interest Rates | ||
| Locations | ||
| Online Community | ||
| Paxos Standard (PAX) Interest Rates | ||
| Seminars | ||
| Virtual Trading | ||
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
CreditDonkey® Reviews | ||
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| Annual Fee |   | |
| Minimum Deposit | | |
| Customer Service | | |
| Mobile App |  | |
| Ease of Use | | |
| Cryptocurrency Trading | | |
| Interest Accounts | | |
| Crypto Loans | | |
| Commissions and Fees | | |
| Research | | |
| Safety | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Investment app that automatically invests your spare change. Good for young investors to get into the habit... | Good custodian for earning interest on crypto... |
| | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Acorns: Pricing information from published website as of 09/28/2020. BlockFi: Pricing information from published website as of 07/01/2022. BlockFi Interest Accounts are not available in the United States. | ||
Get Up to $250 in Bonus BTC
| Deposit | Crypto Bonus |
|---|---|
| $100 - $1,499 | $15 |
| $1,500 - $19,999 | $20 |
| $20,000 - $39,999 | $40 |
| $40,000 - $74,999 | $75 |
| $75,000 - $99,999 | $100 |
| $100,000+ | $250 |
BlockFi Rewards Visa® Signature Credit Card
- Earn 1.5% back in crypto on every single purchase.
- No annual fee. No foreign transaction fees
- Know if you're approved without affecting your credit score. A soft credit pull happens before you've accepted the credit card offer. A hard credit pull occurs when you've accepted your credit card offer, which can have an impact on your credit score.
- Earn 2% back in crypto on every purchase over $30,000 of annual spend. Rewards rate increases from 1.5% to 2% after $30,000 of spend has been achieved and resets on the card anniversary date every year.
- On top of the rewards you get from BlockFi, your BlockFi Rewards Visa Signature card gives you instant access to once-in-a-lifetime travel, fine wine and food, sporting events, shopping and more.
- Your BlockFi Rewards Visa Signature card comes with 24/7 access to your Visa Signature® Concierge* for assistance booking travel, transportation, accommodations, event tickets—even restaurant reservations and golf tee times.
$250 Bitcoin Bonus When You Fund Your New Account
New BlockFi clients who sign up with a specific partner referral code and fund their account during the promotion period (current calendar month ending at 23:59:59 UTC on the last day of the month) are eligible to receive a tiered bonus paid in BTC.
To be eligible for the promotion, this must be your first ever transfer to the BlockFi Wallet and you must maintain a $100,000+ account balance through the 14th of the month at 23:59:59 UTC two and a half months from the month of eligibility in order to remain eligible.
Eligible payouts occur on or before the second Friday of every month on a rolling basis. The bonus will be paid in BTC based on the prevailing market price at the time of payment. Payout will be based on your average daily balance (USD equivalent) maintained through 23:59:59 UTC on the 14th of the month you are eligible to be paid on. Any withdrawals made before 23:59:59 UTC on the 14th of the month you are eligible to be paid out on may affect your tier.
There is a maximum of one bonus per client. This offer is not valid in conjunction with any other current or past promotions and the promo code on the account will be used to determine promo eligibility for new accounts.
Which is Better: Acorns or BlockFi?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Acorns or Ally Invest.
In short: Acorns' ease of use is outstanding.
Articles on Acorns
Acorn App
Is Acorns Legit or Safe
How to Make Money Using Acorns
Articles on BlockFi
BlockFi
How Does BlockFi Work
How Does BlockFi Make Money
BlockFi Fees
BlockFi vs Crypto.com
BlockFi vs Nexo
BlockFi vs Celsius
Comments
Olivia Tabor from Texas
I have both Acorns and Robinhood and even though they each serve a different purpose I don't have the freedom of stock purchase that I really like. I believe Acorns diversifies for my needs more effectively.
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