BlockFi is a cryptocurrency exchange and platform that offers a crypto wallet, crypto trading, crypto-backed loans, and a crypto rewards credit card. Non-US customers can also open a BlockFi Interest Account and earn interest on their assets.
Another advantage of BlockFi is that you can borrow against your coins. Instead of selling them when you need funds, you can take out a loan.
This avoids having to sell into a down market. In this article, we’ll go over how BlockFi is able to offer loan services while allowing you to earn interest on deposits.
| BLOCKFI’s | DETAILS |
|---|---|
| Product Name | BlockFi |
| Min Deposit | $0 |
| APY | Up to 7.00% |
| Monthly Fees | $0 |
| Promotions | Up to $250 |
Bonus Offer: Right now, if you open a BlockFi make a qualifying deposit of $100 or more, you can get a $250 bonus!
What Do They Offer?
BlockFi allows you to earn interest on your cryptocurrency and take out USD loans against it as well. You can also trade cryptocurrencies on BlockFi. They currently offer a limited number of cryptocurrencies for trading, which include BTC, ETH, LTC, USDC, and GUSD.
With the recently-launched BlockFi Wallet, users can buy, sell, trade, and hold cryptocurrencies and stablecoins. You can also use the wallet to store the crypto rewards that you earn from your BlockFi Rewards Credit Card.
BlockFi launched a Bitcoin Rewards Visa Credit Card. Similar to cash-back credit cards, the BlockFi Visa will earn you rewards in Bitcoin!
The card is set to earn 1.5% rewards rate in Bitcoin on all card purchases with no annual fee. Plus, you’ll earn 3.5% back in Bitcoin during your first three months with the card. That’s a pretty sweet deal that puts it ahead of most other Bitcoin rewards products.
