Software Alternatives & Reviews

Ledger VS BlockFi

Compare Ledger VS BlockFi and see what are their differences

Ledger logo Ledger

An affordable and secure smartcard based Bitcoin wallet

BlockFi logo BlockFi

Earn 6% compounding interest on BTC and ETH
  • Ledger Landing page
    Landing page //
    2023-09-25
  • BlockFi Landing page
    Landing page //
    2023-08-03

BlockFi Interest Account users can deposit their Bitcoin or Ether and earn up to 6% interest annually. Paid out on at the beginning of every month, the interest earned by account holders compounds, increasing the annual yield for our clients to 6.2%. This is an easy way for crypto investors to earn bitcoin while they HODL.

Ledger videos

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BlockFi videos

BLOCKFI REVIEW For Beginners | My Friend's 27 K USD Blockfi Interest Account | Blockfi Crypto Loan

Category Popularity

0-100% (relative to Ledger and BlockFi)
Cryptocurrencies
44 44%
56% 56
Crypto
34 34%
66% 66
Fintech
0 0%
100% 100
Cryptocurrency Wallets
100 100%
0% 0

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Ledger and BlockFi

Ledger Reviews

The 7 Best Bitcoin Wallets That You Should Use For Storing BTC
I personally prefer hardware wallets like Ledger Nano X for storing a significant amount of bitcoins because of the high-security features. And I use desktop wallets to keep bitcoins which I am not using for daily transactions. So that whenever required, I can quickly connect my desktop wallet to the Bitcoin network and transfer bitcoins.
Source: coinsutra.com

BlockFi Reviews

Best Places to Buy Bitcoin
If you have a lot of cryptocurrency and want to do more with it without selling, you should know about BlockFi. BlockFi enables you to earn interest when you deposit your bitcoin into an account. If you want to unlock your bitcoin without selling, you can also use existing bitcoin as collateral for a loan, but take note of the interest rates of 4.5% to 9.75% and the required...

Social recommendations and mentions

Based on our record, Ledger should be more popular than BlockFi. It has been mentiond 157 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Ledger mentions (157)

  • Verify already installed LedgerLive?
    However, if you did verify the hashes of the installer and downloaded it from ledger.com and then you were updating your app all the time, there is no risk for you and your Ledger Live should be genuine. Source: 5 months ago
  • Stax Update
    We know you’ve been waiting for an update on your Ledger Stax order and we apologize for the wait. Thanks for your patience and being the first in line. The Ledger team’s top priority is delivering Ledger Stax to you and meeting our stringent quality standards. With Ledger Stax, we are building a truly innovative product with a first-of-its-kind, curved E Ink touch-screen display. Getting this screen to you has... Source: 8 months ago
  • Ledger from 3rd party
    Should I be concerned because I bought Ledger device from authorised reseller from official ledger.com because it's a 3rd party? Been using fine for years (device genuine checked on ledger live and etc) and is authorised reseller from official ledger website ledger.com still 3rd party? Source: 9 months ago
  • Transfer funds to other hardwallet if Ledger Nano S is defect?
    Presumably you still have the seedphrase? If so, you can buy a new Ledger and restore it (make sure you get the official version of Ledger Live from ledger.com only). You could also get a Trezor and put in the same seed phrase, but Trezor doesn't support that many coins, so you may get stuck for some coins. Source: 10 months ago
  • Nano X - Orange Box from Authorised Reseller from Ledger.com
    I’ve received my Nano X from authorised reseller from ledger.com, not Amazon or third party. The box is in orange and black and the container is white. Is it normal? See attached. I know that ledger changed their packaging but I heard it was in black which is different to what I got. Can you confirm it is safe? Source: 10 months ago
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BlockFi mentions (99)

  • Submit a Claim?
    My guess is that wallet access could be restored via blockfi.com and mobile, while arrested interest account balances will be mailed by check or arranged online for direct deposit at a few dimes on the dollar. Source: about 1 year ago
  • Is Kroll legit?
    The e in e.blockfi.com indicates a subdomain of blockfi.com in that regard it is legitimate. Most likely a subdomain just for mass emails. Source: about 1 year ago
  • Important Client Update - November 28, 2022
    Additional information regarding our chapter 11 cases, including court documents and claim information, can be found by visiting BlockFi’s claims agent Kroll at https://restructuring.ra.kroll.com/blockfi. Clients with questions about the process may call Kroll at (888) 773-0375 (Toll Free) or (646) 440-4371 (International), or email blockfiinfo@ra.kroll.com. Source: over 1 year ago
  • Important Client Update - November 28, 2022
    Note: The BlockFi subreddit has been set to read-only, as we no longer have the capacity to monitor and moderate this subreddit. Thank you for your understanding. For the latest updates, please continue to check our website: https://blockfi.com/. Source: over 1 year ago
  • BlockFi - Free $10 in Bitcoin for $100 crypto deposit
    BlockFi is a web platform and mobile app where you can buy, sell, and trade cryptocurrencies. Source: over 1 year ago
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What are some alternatives?

When comparing Ledger and BlockFi, you can also consider the following products

Trezor.io - The Hardware Bitcoin Wallet

Coinbase Custody - The most secure crypto storage solution available

Coinbase - Bitcoin, safe and easy.

Fidelity Digital Assets - Log in to your Fidelity Investments or NetBenefits accounts here.

Ledger Nano S - A secure Bitcoin and Ethereum hardware wallet

Anchorage - The most advanced Qualified Custodian for institutional investors in crypto. Anchorage offers a single modern platform for digital asset custody, offering staking, governance, and more.