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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.

 BlockFiRobinhood
 Visit SiteVisit Site
 

BlockFi

Robinhood

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

Read BlockFi Review

OFFER
Get a Free Stock (worth between $2.50 and $225) - Learn More

Read Robinhood Review

 

Benefits and Features

Stock Trading 
$0
Options Trading 
$0
Annual Fee All trades are commission-free. No platform fees.
Cryptocurrency Trading 
Check
Minimum Deposit 
$0
Mutual Fund Trading 
No
Commission Free ETFs All U.S. listed ETFs
Phone Support 
No
Live Chat Support 
No
Email Support 
Yes
Human Advisors 
No
Robo Advisor 
No
Assets Under Management 
$80 Billion
Cryptocurrencies SupportedBitcoin, Ethereum, Litecoin, Chainlink, PAX Gold, USDC, Binance USD, PAX, GUSD, BAT, DAI, UNIETC, ETH, BSV, BCH, BTC, DOGE, LTC
Fiat Currencies Supported
USD
USD
Digital Wallet
Yes
No
Tax Loss Harvesting 
No
Transaction Fee
No
No
Copy Trading
No
No
Limit Orders
No
Yes
Goal Tracker 
No
Interest Accounts
Up to 8%
Up to 0.30%
Automatic Deposits 
Yes
Crypto Loans
Yes
No
Bitcoin (BTC) Interest Rates
0.1% - 4.5%
 
Broker Assisted Trades 
Not available
Good For 
Beginners; Active traders
Inactivity Fee 
$0
Maintenance Fee 
$0
Online Platform 
Yes
Ethereum (ETH) Interest Rates
0.25% - 5%
 
iPhone App 
Yes (4 stars, 3.2m ratings)
Android App 
Yes (1.4 stars, 360k ratings)
Bank Account Purchase Fee
No
No
Litecoin (LTC) Interest Rates
0.1% - 4.75%
 
Debit Card Purchase Fee
No
No
Tether (USDT) Interest Rates
5% - 8%
 
USD Coin (USDC) Interest Rates
5% - 8%
 
Banking No service fees for Robinhood Cash Management account. Free debit card with no in-network ATM fees or foreign transaction fees
Mobile App
Yes
Yes
ACH Transfer Fee
No
No
Wire Transfer Fee
No
No
Crypto Conversion Fee
No
No
Anonymity
No
No
Biometric Login
Yes
TouchID or FaceID
Cold Storage
Yes
Yes
Maximum Trading AmountSingle-trade limit of $1.2m USD or equivalent
No
Two-Factor Authentication
Yes
Yes
Withdrawal Limit7-day Withdrawal Limit varies by cryptocurrency: 100 BTC, 5,000 ETH, 10,000 LTC.
Up to $5,000 USD via direct bank withdrawal
$50,000 per business day
Locations 
No
Online Community 
No
Seminars 
No
Virtual Trading 
No
Fractional Shares 
Yes
Taxable Accounts 
Yes
401k Plans 
No
IRA Accounts 
No
Roth IRA Accounts 
No
SEP IRA Accounts 
No
Trust Accounts 
No
529 Plans 
No
 

CreditDonkey® Reviews

 BlockFiRobinhood
Cryptocurrency TradingStarStarStarEmpty StarEmpty Star
Interest AccountsStarStarStarStarEmpty Star
Crypto LoansStarStarStarStarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarHalf StarStarStarStarStarStar
Ease of UseStarStarStarStarEmpty StarStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty StarStarEmpty StarEmpty StarEmpty StarEmpty Star
SafetyStarStarStarStarStar
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarEmpty Star
Minimum DepositStarStarStarStarStar
Customer ServiceStarEmpty StarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • Earn up to 8% APY on cryptos
  • No commissions (only charges a spread)
  • Crypto-backed loans
Cons:
  • Only supports 8 coins
  • Withdrawal restrictions
  • Slow withdrawal times (up to 7 days)
Pros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • No IRAs
  • Limited research
  • No mutual funds & bonds
Bottom LineGood custodian for earning interest on crypto... Read full reviewFree way to trade stocks with limited bells and whistles... 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.

Robinhood: Pricing information from published websites as of 04/18/2020.

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 8% 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 - 50 ETH1.5% APY
Ethereum (Tier 3)> 50 ETH0.25% APY
Litecoin (Tier 1)0 - 20 LTC4.75% APY
Litecoin (Tier 2)> 20 - 1001% APY
Litecoin (Tier 3)> 100 LTC0.1% APY
USD Coin (Tier 1)0 - 40,000 USDC8% APY
USD Coin (Tier 2)> 40,000 USDC5% APY
Gemini Dollar (Tier 1)0 - 40,000 GUSD8% APY
Gemini Dollar (Tier 2)> 40,000 GUSD5% APY
Tether (Tier 1)0 - 40,000 USDT8% APY
Tether (Tier 2)> 40,000 USDT5% APY

Robinhood

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.

Expires 10/24/2021
Robinhood

Commission-Free Trades

Trade stocks, funds, options, and cryptocurrencies

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

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.

Celsius vs BlockFi

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 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

Robinhood and Coinbase Pro are two of the biggest names in retail investing and crypto trading. But which is best for buying Bitcoin?

Robinhood Alternatives

When it comes to buying stocks online, many think of Robinhood first. But how do other apps compare? Review these popular Robinhood alternatives.

Robinhood App

Thinking about trading on Robinhood? Good job on getting started investing! But first, there are 7 things you need to know before investing on Robinhood.

Which Do You Think is Best?





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