Save money and be informed. CreditDonkey is a personal finance comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

BlockFi vs Ally Invest

BlockFi is a good custodian for earning interest on crypto. How does it compare to Ally Invest? Read our comparison chart below.

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.

While Ally Invest (formerly TradeKing) offers stock trades at $0 per trade and options trading at $0 + $0.50 per contract. There is no minimum deposit.

Compare BlockFi with Ally Invest, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 BlockFiAlly Invest
 Visit SiteVisit Site
 

BlockFi

Ally Invest

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

Read BlockFi Review

SPECIAL OFFER
Get Up to $3,000 - Learn More

Read Ally Invest Review

 

Benefits and Features

Stock Trading 
$0 per trade
Options Trading 
$0 base + $0.50 per contract
Minimum Deposit
$0
$0
Mutual Fund Trading 
  • $0 to buy/sell load mutual funds
  • $9.95 to buy/sell no load mutual funds
Commission Free ETFs 
500+
Penny Stocks $0.01 per share on the entire order for stocks priced less than $2.00.
Bitcoin (BTC) Interest Rates
0.1% - 4.5%
 
Broker Assisted Trades 
$20 + Regular Commission
Customer Service 
(855) 880-2559
Ethereum (ETH) Interest Rates
0.25% - 5%
 
Litecoin (LTC) Interest Rates
0.1% - 4.75%
 
Tether (USDT) Interest Rates
8.5% - 9.5%
 
USD Coin (USDC) Interest Rates
8% - 9%
 
Banking Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Mobile App
Yes
Check
Two-Factor Authentication
Yes
 
Forex Trading 
Check
Binance USD (BUSD) Interest Rates
8% - 9%
 
Dai (DAI) Interest Rates
8% - 9%
 
Gemini Dollar (GUSD) Interest Rates
8% - 9%
 
Paxos Standard (PAX) Interest Rates
8% - 9%
 
 

CreditDonkey® Reviews

 BlockFiAlly Invest
Cryptocurrency TradingStarStarStarEmpty StarEmpty Star
Interest AccountsStarStarStarStarEmpty Star
Crypto LoansStarStarStarStarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarHalf StarEmpty Star
Commissions and FeesStarStarStarStarHalf StarStarStarStarStarStar
Ease of UseStarStarStarStarEmpty StarStarStarStarStarEmpty Star
ResearchStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarHalf StarEmpty Star
SafetyStarStarStarStarStar
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarStar
BankingStarStarStarStarHalf Star
Online CommunityStarStarStarStarStar
Trading PlatformStarStarStarStarEmpty Star
Pros & ConsPros:
  • Earn up to 9% APY on crypto
  • No commissions (only charges a spread)
  • Excellent customer service
Cons:
  • Only supports 8 coins
  • Withdrawal restrictions
  • Slow withdrawal times (up to 7 days)
Pros:
  • Low commission for stock trades
  • No account minimums
  • Ally platform
Cons:
  • No physical locations
Bottom LineGood custodian for earning interest on crypto... Read full reviewGood low-price discount stock broker for savvy investors... 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.

BlockFi: Pricing information from published website as of 06/30/2021.

Ally Invest: Pricing information from published website as of 04/01/2021.

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

Crypto Interest Account - Earn up to 9% APY

  • No hidden fees
  • No minimum balances
  • Buy, sell or exchange cryptocurrencies
BlockFi

CryptocurrencyAmountInterest (Paid Monthly)
Bitcoin (Tier 1)0 - 0.10 BTC4.5% APY
Bitcoin (Tier 2)> 0.10 - 0.35 BTC1.0% APY
Bitcoin (Tier 3)> 0.35 BTC0.1% APY
Ethereum (Tier 1)0 - 1.5 ETH5% APY
Ethereum (Tier 2)> 1.5 - 5 ETH1.5% APY
Ethereum (Tier 3)> 5 ETH0.25% APY
Litecoin (Tier 1)0 - 20 LTC3.50% APY
Litecoin (Tier 2)> 20 - 1001% APY
Litecoin (Tier 3)> 100 LTC0.1% APY
USD Coin (Tier 1)0 - 40,000 USDC9% APY
USD Coin (Tier 2)> 40,000 USDC8% APY
Gemini Dollar (Tier 1)0 - 40,000 GUSD9% APY
Gemini Dollar (Tier 2)> 40,000 GUSD8% APY
Tether (Tier 1)0 - 40,000 USDT9.5% APY
Tether (Tier 2)> 40,000 USDT8.5% APY

Ally Invest

Get Up to $3,000

Expires 6/30/2022

The minimum qualifying deposit to receive a cash bonus is $10,000. Accounts will be reviewed 60 days after account opening to determine the total qualifying deposit. Corresponding cash bonus will be credited to the account within 10 business days. Once the bonus is credited to the account, the bonus and qualifying deposit (minus any trading losses) is not available for withdrawal for 300 days. If the qualifying deposit is withdrawn, the bonus may be revoked.

Deposit or TransferCash Bonus
$10,000 - $24,999$100
$25,000 - $99,999$250
$100,000 - $249,999$300
$250,000 - $499,999$600
$500,000 - $999,999$1,200
$1,000,000 - $1,999,999$2,000
$2,000,000+$3,000

Ally Invest

Get Up to $3,000 Cash Bonus

Expires 6/30/2022

New Ally Invest customers only. Account must be funded for at least 60 days to be eligible for cash bonus.

Ally Invest

Commission-Free Stock Trades

With no minimum account balance and no minimum trade activity

Which is Better: BlockFi or Ally Invest?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing BlockFi or Acorns.

In short: BlockFi's mobile app is notable. Ally Invest's research is noteworthy.


Articles on BlockFi

BlockFi Review

BlockFi lets you earn interest and borrow against your 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?

Articles on Ally Invest

TradeKing

Ally Invest offers free trades for stocks and ETFs. But is it good? Find out how it compares to other online brokers.

Ally Invest Roth IRA

Ally Invest's Roth IRA account has no annual fee and low trade commissions. Is it right for your retirement funds? Read on to learn how Ally Invest Roth IRA accounts work.

Ally Invest Phone Number

Ally Invest offers good customer service and online login access. The best way to connect with Ally Invest customer service may surprise you. Read on.

Which Do You Think is Best?





You Might Also Like

Best Ways to Invest $10,000

Best Ways to Invest $10,000

Have $10,000 to invest? Here are 14 smart investments ideas to turn $10k into even bigger money.
10 Smart Ways to Invest $1,000

10 Smart Ways to Invest $1,000

$1,000 can become a lot more with investing. Here are 10+ smarter ways to spend that extra grand than on a shopping splurge.

Next Page:

About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2022 CreditDonkey Inc. All Rights Reserved.