BlockFi vs Betterment
BlockFi is a good custodian for earning interest on crypto. How does it compare to Betterment? 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 Betterment offers automatic investing starting at an annual fee of 0.25% of your account balance. There is no fee to open an account and no minimum deposit required. All balances get automatic rebalancing, tax loss harvesting, and access to financial experts.
Compare BlockFi with Betterment, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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BlockFi | Betterment | |
|---|---|---|
Get Up to $250 in Bonus BTC - | Get up to 1 Year Managed Free - | |
Benefits and Features | ||
| Savings |  | |
| Annual Fee |
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| Minimum Deposit | ||
| Checking | ||
| 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 | ||
| Online Platform | ||
| Ethereum (ETH) Interest Rates | ||
| iPhone App | ||
| Android App | ||
| Litecoin (LTC) Interest Rates | ||
| USD Coin (USDC) Interest Rates | ||
| Mobile App | ||
| Two-Factor Authentication | ||
| Binance USD (BUSD) Interest Rates | ||
| Dai (DAI) Interest Rates | ||
| Gemini Dollar (GUSD) Interest Rates | ||
| Paxos Standard (PAX) Interest Rates | ||
| Single Stock Diversification | ||
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
CreditDonkey® Reviews | ||
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| Cryptocurrency Trading |   | |
| Interest Accounts | | |
| Crypto Loans | | |
| Mobile App |  | |
| Commissions and Fees | | |
| Ease of Use | | |
| Research | | |
| Safety | | |
| Annual Fee | | |
| Minimum Deposit | | |
| Human Advisors | | |
| Customer Service | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Good custodian for earning interest on crypto... | Great robo-advisor for beginners with low fees, good tools, and tax strategies... |
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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 07/01/2022. BlockFi Interest Accounts are not available in the United States. Betterment: Pricing information from published website as of 04/04/2018 | ||
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.
Get up to 1 Year Managed Free
New Betterment customers only. Accounts must be funded within 45 days of signup. Terms apply.
Get 1 Month Managed Free
Deposit $15,000 - $99,999 within 45 days and get 1 month managed free
Get 6 Months Managed Free
Deposit $100,000 - $249,999 within 45 days and get 6 months managed free
Which is Better: BlockFi or Betterment?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing BlockFi or Ally Invest.
Articles on BlockFi
BlockFi Review
How Does BlockFi Work
How Does BlockFi Make Money
BlockFi Fees
BlockFi vs Crypto.com
BlockFi vs Nexo
BlockFi vs Celsius
Articles on Betterment
Betterment Review
Betterment Returns
Betterment Fees
Is Betterment Safe
Betterment Roth IRA
Betterment vs Wealthfront
Which Do You Think is Best?
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