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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.

 AcornsBlockFi
 Visit SiteVisit Site
 

Acorns

BlockFi

SPECIAL OFFER
$10 Sign-Up Bonus - Learn More

Read Acorns Review

SPECIAL OFFER
Get Up to $250 in Bonus BTC - Learn More

Read BlockFi Review

 

Benefits and Features

Savings
No
 
Stock TradingPart of service fee. No add-on trading fees. 
Options Trading
No
 
Annual Fee
  • $3/mo for Acorns Personal (includes personal taxable account, IRA, and checking account)
  • $5/mo for Acorns Family (includes everything in Personal plus investment accounts for kids)
 
Cryptocurrency Trading
No
 
Minimum Deposit
$0
$0
Checking
Yes
 
Mutual Fund Trading
No
 
Commission Free ETFsA selection automatically chosen by Acorns 
Phone Support
Yes
 
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
No
 
Robo Advisor
Yes
 
Assets Under Management
$4.7 Billion
 
Tax Loss Harvesting
No
 
Goal Tracker
Yes
 
Automatic Deposits
Yes
 
Bitcoin (BTC) Interest Rates 
2% - 3.5%
Broker Assisted TradesAcorns automatically invest and trade for you 
Good ForBeginners; Passive investors; Those who have trouble saving/investing on their own 
Inactivity FeeNone, but you will keep paying the monthly fee 
Maintenance Fee
Monthly fee for the service
 
Online Platform
Yes
 
Ethereum (ETH) Interest Rates 
2% - 3.5%
iPhone App
Yes (4.7 stars, 760k ratings)
 
Android App
Yes (4.3 stars, 156k ratings)
 
Litecoin (LTC) Interest Rates 
0% - 2%
USD Coin (USDC) Interest Rates 
6% - 7.5%
BankingIncluded in Acorns Personal ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide. 
Mobile App
Yes
Yes
Two-Factor Authentication
Yes
Yes
Binance USD (BUSD) Interest Rates 
6% - 7.5%
Dai (DAI) Interest Rates 
3.5% - 6%
Gemini Dollar (GUSD) Interest Rates 
6% - 7.5%
Locations
No
 
Online Community
No
 
Paxos Standard (PAX) Interest Rates 
6% - 7.5%
Seminars
No
 
Virtual Trading
No
 
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
No
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
No
 
529 Plans
No
 
 

CreditDonkey® Reviews

 AcornsBlockFi
Annual FeeStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
Ease of UseStarStarStarStarStarStarStarStarStarEmpty Star
Cryptocurrency TradingStarStarStarEmpty StarEmpty Star
Interest AccountsStarStarStarStarEmpty Star
Crypto LoansStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarHalf Star
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
SafetyStarStarStarStarStar
Pros & ConsPros:
  • No minimum investment
  • Invest with spare change
  • Cash-back program
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options
Pros:
  • Earn crypto rewards
  • No commissions (only charges a spread)
  • Excellent customer service
Cons:
  • Only supports 8 coins
  • Withdrawal restrictions
  • Slow withdrawal times (up to 7 days)
Bottom LineInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full reviewGood custodian for earning interest on crypto... Read full review
 Visit SiteVisit Site

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.

BlockFi

Get Up to $250 in Bonus BTC

DepositCrypto 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

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.
BlockFi

$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

Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit.

Is Acorns Legit or Safe

Acorns lets you invest spare change from every purchase. But is it safe to use? Learn just how secure the micro-investing app is.

How to Make Money Using Acorns

Acorns "rounds up" everyday purchases and invests it for you. What's the catch? Read this review to find out how to make money using the app.

Articles on BlockFi

BlockFi

BlockFi lets you buy, sell, earn and borrow cryptocurrency. But is it safe? Read on to find out.

How Does BlockFi Work

BlockFi is a popular crypto platform offering high interest accounts and the ability to take loans against the value of your coins. Find out how it works.

How Does BlockFi Make Money

BlockFi lets you earn interest on your crypto and take loans against the value of your coins. But how does BlockFi make money? Keep reading to find out.

BlockFi Fees

Interested in taking advantage of BlockFi's interest accounts or crypto-backed loans? Before you take the leap, understand the fees they charge.

BlockFi vs Crypto.com

Looking to earn interest on your crypto or get a crypto-backed loan? Find out whether Crypto.com or BlockFi is right for you, plus the pros/cons of each.

BlockFi vs Nexo

Nexo and BlockFi both let you earn interest and take loans against your cryptocurrency. But which one is right for you? Read on to find out.

BlockFi vs Celsius

Celsius and BlockFi are cryptocurrency lending and borrowing platforms where investors can earn interest on their crypto holdings. But which is right for you?

Comments

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