BlockFi and Voyager are two of the most popular crypto platforms around today. Founded in 2017, BlockFi is based in Jersey City, New Jersey with offices in New York, Singapore, Poland and Argentina. They are a privately owned company. Voyager was launched in 2017 and is based in the U.S. The company is listed on the Toronto Stock Exchange.
BlockFi is a full-service crypto platform that allows users to buy, sell and trade a variety of digital coins. They are similar to SpectroCoin in that they provide crypto backed loans but they also offer interest earning crypto accounts. Borrowers can use a variety of cryptocurrencies as collateral to obtain loans and investors can deposit a number of different cryptocurrencies into interest earning accounts.
Voyager is a cryptocurrency investment app that is available for both Android and iOS operating systems. The app connects users to multiple crypto exchanges and supports the trading of over 100 different cryptocurrencies. They offer interest earning accounts for 39 different cryptocurrencies. In addition, Voyager has their own digital token similar to CLT which you can learn about in a CoinLoan review.
BlockFi Features
Voyager Features
Voyager doesn’t offer crypto loans so there are no loan rates to compare. However, both BlockFi and Voyager allow investors to earn interest on a variety of cryptocurrencies, so we will take a look at how interest rates compare. The following are interest rates on 10 of the digital coins that BlockFi supports.
| Currency | Amount | Interest |
| BTC (Tier 1) | 0 to 0.1 BTC | 3.5% |
| BTC (Tier 2) | 0.1 to 0.35 BTC | 2.5% |
| BTC (Tier 3) | Over 0.35 BTC | 2.5% |
| ETH (Tier 1) | 0 to 1.5 ETH | 3.5% |
| ETH (Tier 2) | 1.5 to 5 ETH | 2.0% |
| ETH (Tier 3) | Over 5 ETH | 2.0% |
| USDC (Tier 1) | 0 to 20000 USDC | 8.5% |
| USDC (Tier 2) | 20000 to 2,000,000 USDC | 7.5% |
| USDC (Tier 3) | Over 2,000,000 | 7.5% |
| SOL | No Limit | 5% |
| DOT | No Limit | 15.0% |
| DOGE | No Limit | 2.0% |
| AVAX | No Limit | 5.0% |
| ATOM | No Limit | 7.0% |
| BCH | No Limit | 3.0% |
| LTC (Tier 1) | 0 to 20 LTC | 2.0% |
| LTC (Tier 2) | 20 to 100 LTC | 1.0% |
| LTC (Tier 3) | Over 100 LTC | 0.10% |
The next table shows the interest rates paid on the same 10 cryptocurrencies at Voyager.
| Currency | Amount | Interest |
| BTC (Tier 1) | 0.01 to 0.25 BTC | 3.25% |
| BTC (Tier 2) | 0.25 to 2 BTC | 1.75% |
| BTC (Tier 3) | Over 2 BTC | 1.05% |
| ETH (Tier 1) | 0.5 to 20 ETH | 4.05% |
| ETH (Tier 2) | 20 to 50 ETH | 3.0% |
| ETH (Tier 3) | Over 50 ETH | 1.5% |
| USDC (Tier 1) | 100 to 25,000 USDC | 9.0% |
| USDC (Tier 2) | 25,000 to 100,000 USDC | 7.0% |
| USDC (Tier 3) | Over 100,000 USDC | 6.0% |
| SOL | Minimum monthly balance of 6 SOL | 3.0% |
| DOT | Minimum monthly balance of 20 DOT | 10.0% |
| DOGE | Minimum monthly balance of 4000 DOGE | 0.50% |
| AVAX | Minimum monthly balance of 3 AVAX | 3.0% |
| ATOM | Minimum monthly balance of 20 ATOM | 2.0% |
| BCH | Minimum monthly balance of 0.5 BCH | 2.0% |
| LTC | Minimum monthly balance of 5 LTC | 2.5% |
In most cases the interest rate for BlockFi is a little better. BlockFi also doesn’t require a minimum monthly balance in order to earn interest. At Voyager users can earn interest on 39 cryptocurrencies while at BlockFi there are 48 digital coins investors can earn interest on.
Voyager and BlockFi both support a large number of cryptocurrencies. In the case of BlockFi, there are a total of 48 different cryptocurrencies supported on the site.
| BTC | ETH | BNB | ADA | SOL | DOT | DOGE | AVAX |
| MATIC | FTT | ATOM | LTC | LINK | NEAR | ALGO | TRX |
| BCH | FTM | UNI | MANA | AXS | SAND | FIL | EOS |
| HBAR | XTZ | AAVE | MKR | GALA | LRC | GRT | BAT |
| CHZ | CRV | 1INCH | OMG | ENJ | COMP | YFI | SRM |
| SUSHI | USDT | USDC | BUSD | DAI | PAXG | GUSD | PAX |
The Voyager exchange allows the trading of over 100 different digital coins. Of those coins 39 of them can earn interest. The following table shows the 39 interest earning cryptocurrencies on Voyager which can also be traded.
| BTC | ETH | USDC | AAVE | ADA | ALGO | APE | ATOM |
| AVAX | BAT | BCH | CELO | COMP | DASH | DOGE | DOT |
| EOS | ETC | FIL | GRT | KAVA | KNC | KSM | LINK |
| LTC | MANA | MATIC | OMG | OXT | SHIB | SOL | STMX |
| UMA | UNI | VGX | XLM | XTZ | ZEC | ZRX |
In addition, users can trade another 60+ cryptocurrencies on the site. As shown by a MyConstant review which shows the site supports 13 cryptocurrencies, both BlockFi and Voyager support more cryptocurrencies than some other platforms.
BlockFi offers much the same security measures that you will find at other top crypto platforms. Two-factor authentication (2FA) is available and they provide a feature called allowlisting that lets users restrict withdrawals to known addresses that they have included on their allowlist. The site uses Gemini as a custodian to store crypto funds. Most of the funds are stored offline by Gemini, and Gemeni insures crypto it stores online.
Voyager is a publicly audited and regulated company. The majority of the customer funds deposited to the site are stored offline. They use two factor authentication and to log in users must enter a code sent to them by text or email to better secure personal information.
Fees are always something you have to take into consideration on crypto platforms. There is an origination fee of 2% on BlockFi loans. BlockFi doesn’t out and out charge transaction fees on trades. However, it does charge an average 1% margin when it sets trade prices. There is also a fee for withdrawing crypto after the first cryptocurrency withdrawal and first stablecoin withdrawal each month. The following are the BlockFi withdrawal fees.
| Cryptocurrency | Withdrawal Fee |
| Bitcoin (BTC} | 0.00025 BTC |
| Ethereum (ETH) | 0.0135 ETH |
| Litecoin (LTC) | 0.001 LTC |
| Chainlink (LINK) | 2 LINK |
| Basic Attention Token (BAT) | 60 BAT |
| Uniswap (UNI) | 2.5 UNI |
| PAX Gold (PAXG) | 0.035 PAXG |
| Gemini Dollar (GUSD) | $25 |
| Tether (USDT) | $25 |
| USD Coin (USDC) | $25 |
| Binance USD (BUSD) | $25 |
| Dai (DAI) | $25 |
| Paxos Standard Token (PAX) | $25 |
Voyager doesn’t charge any fees on buying and selling trades of cryptocurrency. They charge a fee for withdrawing cryptocurrencies that ranges from $10 to $20 depending on the cryptocurrency withdrawn
It is fairly easy to get started with BlockFi. Users will have to go through a KYC verification process which will involve providing and verifying some personal information. The BlockFi interface is straight forward when it comes to trading crypto. Users can also set up recurring trades which is a popular feature. Those experienced with financial apps will have no problem but it isn’t the best for beginners.
Getting started with Voyager is also simple. New users will have to download the mobile app and open an account. The app walks you through the signup process which will also involve providing and verifying some personal information for KYC purposes and anti-money laundering regulations. The app is intuitive and easy to use and provides interactive charting, simple management of your portfolio and real-time updates on crypto prices. If there is one knock on Voyager it’s that it isn’t available for desktops.
As mentioned above, Voyager is only available via its mobile app. The Voyager app is available for Android and iOS devices and can be downloaded from the Apple App Store or Google Play.
BlockFi offers an app for both Android and iOS mobile devices. The app can be downloaded from the Apple App Store or from Google Play. Users can do pretty much everything using the mobile app as they can from their desktop including trading cryptocurrencies, opening and depositing to interest earning crypto accounts and obtaining crypto-backed loans.
BlockFi loans are accessible to users in the majority of U.S, states. New U.S. based users can’t open interest owning accounts but accounts opened before Feb 14 2024 by U.S users can be maintained. Otherwise, interest earning accounts are accessible world-wide with the exception of countries sanctioned by the U.S., the U.K. or EU. Crypto trading is available in the majority of U.S, states and world-wide, again with the exception of countries sanctioned by the U.S., the U.K. or EU.
Trading on Voyager was available to residents of all U.S, States with the exception of New York. It was also available to residents of U.S. Territories including the United States Virgin Islands, Northern Mariana Islands, Puerto Rico, American Samoa and Guam. It should be noted that Voyager has currently suspended operations while undergoing restructuring. Transactions on the site are currently paused.
Voyager offers its users a custodial wallet. This means that Voyager holds the private keys of users and has control over the crypto assets of its users.
BlockFi offers its users a free non-interest-earning custodial wallet that is linked to the user’s account. The wallet can be used to buy, sell and trade cryptocurrencies and users are able to lock the wallet with 2FA authentication.
BlockFi Pros
BlockFi Cons
Voyager Pros
Voyager Cons
At this time BlockFi is the obvious choice over Voyager when choosing a cryptocurrency platform for trading, crypto loans and interest earning accounts. BlockFi is a solid platform with competitive rates for both crypto backed loans and interest earning accounts.
Voyager has currently suspended all operations while restructuring. While it appears clients with U.S dollars deposited on the platform may get their funds back, it remains to be seen if Voyagers users with cryptocurrency deposits to the platform will be able to recover their assets.
Table of Contents
When selecting a crypto loan, you must consider what cryptocurrencies are accepted as collateral, the loan to value ratio, interest rates and fees that apply and the term length of the loan in order to determine which loan is best for your particular situation.
Both BlockFi and Voyager offer interest earning accounts for a good number of cryptocurrencies. For some cryptocurrencies BlockFi offers better rates while Voyager has better rates on others. A major difference is that BlockFi has no minimum while there is a minimum balance requirement at Voyager.
BlockFi supports the majority of U.S. states and countries worldwide with the exception of those sanctioned by the U.S., the U.K. or EU. Voyager only accepts U.S. residents with the exception of residents of New York. As of this writing Voyager has suspended operations.
