BlockFi vs Robinhood
BlockFi is a good custodian for earning interest on crypto. How does it compare to Robinhood? 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 Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.
Compare BlockFi with Robinhood, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 |  | |
 | | |
BlockFi | Robinhood | |
|---|---|---|
Get Up to $250 in Bonus BTC - | Get a Free Stock (worth between $2.50 and $225) - | |
Benefits and Features | ||
| Stock Trading | ||
| Options Trading | ||
| Annual Fee | All trades are commission-free. No platform fees. | |
| Cryptocurrency Trading |  | |
| Minimum Deposit | ||
| Mutual Fund Trading | ||
| Commission Free ETFs | All U.S. listed ETFs | |
| Phone Support | ||
| Live Chat Support | ||
| Email Support | ||
| Human Advisors | ||
| Robo Advisor | ||
| Assets Under Management | ||
| Cryptocurrencies Supported | Bitcoin, Ethereum, Litecoin, Chainlink, PAX Gold, USDC, Binance USD, PAX, GUSD, BAT, DAI, UNI | ETC, ETH, BSV, BCH, BTC, DOGE, LTC |
| Fiat Currencies Supported | ||
| Digital Wallet | ||
| Tax Loss Harvesting | ||
| Transaction Fee | ||
| Copy Trading | ||
| Limit Orders | ||
| Goal Tracker | ||
| Interest Accounts | ||
| Automatic Deposits | ||
| Crypto Loans | ||
| Bitcoin (BTC) Interest Rates | ||
| Broker Assisted Trades | ||
| Good For | ||
| Inactivity Fee | ||
| Maintenance Fee | ||
| Online Platform | ||
| Ethereum (ETH) Interest Rates | ||
| iPhone App | ||
| Android App | ||
| Bank Account Purchase Fee | ||
| Litecoin (LTC) Interest Rates | ||
| Debit Card Purchase Fee | ||
| Tether (USDT) Interest Rates | ||
| USD Coin (USDC) Interest Rates | ||
| Banking | No service fees for Robinhood Cash Management account. Free debit card with no in-network ATM fees or foreign transaction fees | |
| Mobile App | ||
| ACH Transfer Fee | ||
| Wire Transfer Fee | ||
| Crypto Conversion Fee | ||
| Anonymity | ||
| Biometric Login | ||
| Cold Storage | ||
| Maximum Trading Amount | Single-trade limit of $1.2m USD or equivalent | |
| Two-Factor Authentication | ||
| Withdrawal Limit | 7-day Withdrawal Limit varies by cryptocurrency: 100 BTC, 5,000 ETH, 10,000 LTC. Up to $5,000 USD via direct bank withdrawal | |
| Locations | ||
| Online Community | ||
| Seminars | ||
| Virtual Trading | ||
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
CreditDonkey® Reviews | ||
| | |
| Cryptocurrency Trading |   | |
| Interest Accounts | | |
| Crypto Loans | | |
| Mobile App |  | |
| Commissions and Fees | | |
| Ease of Use | | |
| Research | | |
| Safety | | |
| Stock Trading | | |
| Options Trading | | |
| Minimum Deposit | | |
| Customer Service | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Good custodian for earning interest on crypto... | Free way to trade stocks with limited bells and whistles... |
| | |
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. Robinhood: Pricing information from published websites as of 04/18/2020. | ||
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 |
Crypto Interest Account - Earn up to 8% APY
- No hidden fees
- No minimum balances
- Buy, sell or exchange cryptocurrencies
| Cryptocurrency | Amount | Interest (Paid Monthly) |
|---|---|---|
| Bitcoin (Tier 1) | 0 - 0.10 BTC | 4.5% APY |
| Bitcoin (Tier 2) | > 0.10 - 0.35 BTC | 1.0% APY |
| Bitcoin (Tier 3) | > 0.35 BTC | 0.1% APY |
| Ethereum (Tier 1) | 0 - 1.5 ETH | 5% APY |
| Ethereum (Tier 2) | > 1.5 - 50 ETH | 1.5% APY |
| Ethereum (Tier 3) | > 50 ETH | 0.25% APY |
| Litecoin (Tier 1) | 0 - 20 LTC | 4.75% APY |
| Litecoin (Tier 2) | > 20 - 100 | 1% APY |
| Litecoin (Tier 3) | > 100 LTC | 0.1% APY |
| USD Coin (Tier 1) | 0 - 40,000 USDC | 8% APY |
| USD Coin (Tier 2) | > 40,000 USDC | 5% APY |
| Gemini Dollar (Tier 1) | 0 - 40,000 GUSD | 8% APY |
| Gemini Dollar (Tier 2) | > 40,000 GUSD | 5% APY |
| Tether (Tier 1) | 0 - 40,000 USDT | 8% APY |
| Tether (Tier 2) | > 40,000 USDT | 5% APY |
College Students: $15 Bonus and One Free Stock
Sign up with an .edu email using the link below and link a bank account between September 15 and October 24 and receive $15 in your account.
Which is Better: BlockFi or Robinhood?
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.
In short: Robinhood's ease of use is impressive.
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
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BlockFi vs Nexo
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Celsius vs BlockFi
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Articles on Robinhood
Robinhood
Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.
Buy Bitcoin on Robinhood or Coinbase Pro
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Robinhood Alternatives
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Robinhood App
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