{"id":22118,"date":"2021-08-06T15:35:34","date_gmt":"2021-08-06T22:35:34","guid":{"rendered":"https:\/\/coincentral.com\/?p=22118"},"modified":"2022-03-18T12:36:20","modified_gmt":"2022-03-18T16:36:20","slug":"blockfi-vs-voyager-invest","status":"publish","type":"post","link":"https:\/\/coincentral.com\/blockfi-vs-voyager-invest\/","title":{"rendered":"BlockFi vs. Voyager Invest: Which is Best for Your Crypto Interest APY?"},"content":{"rendered":"

If you\u2019re hunting for a new cryptocurrency interest account, BlockFi vs. Voyager Invest should be a comparison at the top of your list.<\/span><\/p>\n

Both BlockFi and Voyager allow you to earn interest on your cryptocurrency assets, but they are both distinctly unique companies.\u00a0<\/span><\/p>\n

Voyager currently offers higher interest rates on more altcoins but users need to maintain a minimum balance to earn interest. BlockFi offers interest on stablecoins and doesn\u2019t require minimum balances.<\/span><\/p>\n

Rates aside, the most distinguishing value proposition comparison for a BlockFi vs. Voyager is their company structure and reputations.\u00a0<\/span><\/p>\n

BlockFi has gathered much of its momentum from an impressive list of investors, including SoFi, Winklevoss Capital, Valar Ventures, ConsenSys Ventures, and more.\u00a0<\/span><\/p>\n

Comparatively, <\/span>Voyager Invest<\/span><\/a> is a publicly traded company listed on the Canadian Stock Exchange (CSE) under the symbol <\/span>VYGR.CN<\/span><\/a>.\u00a0<\/span><\/p>\n

Both companies also allow users to buy and sell cryptocurrency:<\/span><\/p>\n

    \n
  1. BlockFi makes money on the spread, Voyager uses a hidden-spread trading model instead of flat-rate transaction fees.<\/span><\/li>\n
  2. BlockFi allows for cryptocurrency withdrawals, whereas Voyager doesn\u2019t.\u00a0<\/span><\/li>\n<\/ol>\n

    The following BlockFi vs. Voyager guide specifically focuses on the cryptocurrency interest account product.\u00a0<\/span><\/p>\n

    Let\u2019s dive into it.\u00a0<\/span><\/p>\n

    BlockFi vs. Voyager: Key Information<\/span><\/h2>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \u00a0<\/td>\n\n

    BlockFi<\/strong><\/span><\/p>\n<\/td>\n

    		\n

    Voyager Invest<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    Reviews<\/strong><\/p>\n<\/td>\n

    		\n

    BlockFi Review<\/span><\/a><\/p>\n<\/td>\n

    		\n

    Voyager Invest Review<\/span><\/a>\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    Site Type<\/strong><\/p>\n<\/td>\n

    		\n

    Cryptocurrency interest account + basic exchange<\/span><\/p>\n<\/td>\n

    		\n

    Crypto exchange + crypto interest account<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    Beginner Friendly<\/strong><\/p>\n<\/td>\n

    		\n

    Yes<\/span><\/p>\n<\/td>\n

    		\n

    Yes<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    Mobile App<\/strong><\/p>\n<\/td>\n

    		\n

    Yes<\/span><\/p>\n<\/td>\n

    		\n

    Yes<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    Buy\/Deposit Methods<\/strong><\/p>\n<\/td>\n

    		\n

    ACH, wire transfers,crypto deposits<\/span><\/p>\n<\/td>\n

    		\n

    Debit card, credit card, bank wire, external crypto transfer<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    Sell\/Withdrawal Methods<\/strong><\/p>\n<\/td>\n

    		\n

    External crypto wallet, bank account<\/span><\/p>\n<\/td>\n

    		\n

    External crypto wallet transfer<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    Available Cryptocurrencies<\/strong><\/p>\n<\/td>\n

    		\n

    Bitcoin, Ethereum, Litecoin, Link + stablecoins<\/span><\/p>\n<\/td>\n

    		\n

    Bitcoin, Ethereum, Litecoin, and around 60 others<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    Company Launch<\/strong><\/p>\n<\/td>\n

    		\n

    2017<\/span><\/p>\n<\/td>\n

    		\n

    2017<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    Location<\/strong><\/p>\n<\/td>\n

    		\n

    Jersey City, NJ, USA<\/span><\/p>\n<\/td>\n

    		\n

    Jersey City, New Jersey, United States<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    Community Trust<\/strong><\/p>\n<\/td>\n

    		\n

    Great<\/span><\/p>\n<\/td>\n

    		\n

    Great<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    Security<\/strong><\/p>\n<\/td>\n

    		\n

    Great<\/span><\/p>\n<\/td>\n

    		\n

    Unclear<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    Customer Support<\/strong><\/p>\n<\/td>\n

    		\n

    Good<\/span><\/p>\n<\/td>\n

    		\n

    Okay<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    Verification Required (KYC)<\/strong><\/p>\n<\/td>\n

    		\n

    Yes<\/span><\/p>\n<\/td>\n

    		\n

    Yes<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    Fees<\/strong><\/p>\n<\/td>\n

    		\n

    Medium<\/span><\/p>\n<\/td>\n

    		\n

    Okay (uses a hidden spread instead of flat fees)<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    Site + Promo<\/strong><\/p>\n<\/td>\n

    		\n

    Earn up to $250 on BlockFi<\/span><\/a><\/p>\n<\/td>\n

    		\n

    $25 in BTC sign up bonus<\/span><\/a> when trading $100 on Voyager\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Company Bios: BlockFi vs. Voyager Invest<\/span><\/h2>\n

    Both BlockFi and Voyager were founded in 2017, one year before the infamous 2018 bear market.\u00a0<\/span><\/p>\n

    Founded by Zac Prince and Flori Marquez, BlockFi attracted significant attention from venture capital firms and angel investors such as Winklevoss Capital, Pomp Investments, SoFi, and others interested in cryptocurrency companies.\u00a0<\/span><\/p>\n

    \"BlockFi
    BlockFi on Crunchbase (courtesy of Crunchbase)<\/figcaption><\/figure>\n

    Its last funding round <\/span>took place in March 2021<\/span><\/a>, raising another $350 million, landing it at a valuation of $3 billion.\u00a0<\/span><\/p>\n

    BlockFi has about $15 billion assets under management and over 225,000 users.<\/span><\/p>\n

    Voyager was created by Stephen Ehrlic, Serge Kreiker, Oscar Salazar, Philip Eytan, and Gaspard de Dreuzy.\u00a0<\/span><\/p>\n

    It raised over <\/span>$100 million in private funding<\/span><\/a> before going public on the Canadian Stock Exchange, <\/span>under the ticker symbol VYGR<\/span><\/a>.<\/span><\/p>\n

    \"Voyager
    Voyager Invest on Crunchbase (courtesy of Crunchbase)<\/figcaption><\/figure>\n

    Feature #1: Interest Rates: Who Pays More, BlockFi or Voyager?<\/span><\/h2>\n

    Both platforms payout above-average interest rates.\u00a0<\/span><\/p>\n

    Voyager changes its rates every month while BlockFi states that its rates are subject to change based on market conditions.<\/span><\/p>\n

    Bitcoin<\/b><\/span><\/p>\n