blockfi earn interest bitcoin

Do you know you can earn interest in crypto using BlockFi? There are many option has been shown to crypto community with the help of ethereum smart contract feature. Decentralized finance systems allow people to create staking, borrowing, lending, and even farming pools to earn crypto with deposited crypto assets. Such options are yet available on bitcoin blockchain due to lack of smart contract option.

blockfi earn crypto

BlockFi here introduces an option to earn interest in crypto to 8.6% APY. For the security of your account and personal data, BlockFi promises highest level by measures and protocols, including two-factor authentication, to protect your sensitive data.

BlockFi Products

The future of finance, BlockFi claims, offers different option to its users to engage with crypto assets such as lending, barrowing, and trading. You can access your portfolio from any smart device.

BlockFi Interest Account

Using BlockFi, one can earn interest up to 8.6% APY by depositing cryptocurrency. Earning crypto on your crypto is the key is this concept. And you can decide in choosing how you get paid, bitcoin or other crypto coins including stablecoins. And it is simple. Just deposit crypto or stablecoin into your account and let it earn you interest everyday and receive interest payment monthly.

Borrow Crypto

BlockFi offers crypto borrowing with a minimum loan amount of $5,000 in listed collateral type, which is Bitcoin, Litecoin, Ethereum, or PAXG. Borrowing starts as little as 4.5% interest rate. Loan to Value (LTV) percentage gives you the right to borrow money and still earn on your held cryptocurrency.

You can borrow as much as 50%, LTV ration, of your collateral type. LTV ratio determines the amount of crypto collateral you need to keep in your account to be able to receive a loan. You can choose LTV to be 50%, 35%, or 20%. Higher LTV with let you high interest rate to be paid. This is such a way that BlockFi make creation of liquidity simple. You receive sta

Trading Cryptocurrency

Its user friendly interface allows you to trade crypto assets fast and secure, including BTC, ETH, LTC, USDC, USDT, GUSD, PAX and PAXG. And the best part is that trading on BlockFi platform is ZERO “0”, which means you pay nothing for trading here.

You do not need to lock up your deposited amount to earn interest. You can start trading as soon as arrival of your deposits. One trade is completed, your assets starts bringing you interest. Isn’t that awesome?

FEES on BLOCKFI

Trading Fee

Zero-fee when trading on the platform.

Withdrawal & Deposit Fees

  • NOTE: No fee for withdrawal once every month for each crypto type. But one free withdrawal for a crypto each month. No deposit fee on BlockFi.
  • Bitcoin: Up to 100 per 7-day period with a fee of 0.0025 BTC.
  • Ethereum: Up to 5K per 7-day period with a fee of 0.0015 ETH.
  • Litecoin: Up to 10K per 7-day period with a fee of 0.0025 LTC.
  • Stablecoins: Up to 1M per 7-day period with a fee of USD 0.25.
  • PAXG: Up to 500 per 7-day period with a fee of 0.0025 PAXG.

How to Create Account on BlockFi

Click here to create account on BlockFi, and on your first deposit at least $100 in crypto coins or stable coins, you will receive a $10 bonus in bitcoin after holding your deposit for 30 days on BlockFi. You can still trade cryptocurrency and earn this $10 bitcoin bonus.

To learn more about ways to earn crypto assets, click here. Let us know what you think bout BlockFi and its features in your comment below.

erc721 tokens NFTs ethereum

What is ERC721? It is an open standart describing how to build non-fungible tokens on the Ethereum Blockchain. ERC721 tokens are unique and collectable unlike most of the tokens. In addition to that, all ERC721 tokens are different from each other so it is so hard to trade them.

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What is Fungible Exactly?

Merriam-Webster.com defines it as ‘’being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account’’.

To exemplify, let’s say that you have $15 cash in your hand and go shopping. When you pay, you give the money to the cashier because the products you bought have a value of dollars. In other words, when you go to the same market with $15 dollar bill for Nike products, you will not be able to buy anything because they have different characters.

How important are ERC721 tokens?

Bitcoin or Ethereum and fiat currencies like USD and Euro are not unique so people can exchange them easily. For example, a 5 dollar bill has a value of 5 dollars or the same value of BTC or ETH. Moreover, such coins (Bitcoin, Ethererum etc) can be divided into small pieces (0,5 BTC or 0,0005 ETH). However, it is impossible to divide the ERC721 tokens.

The most popular project that has been created based on ERC-721 standard is Cryptokitties, a game to buy and sell unique cats. Decentraland and EnjinCoin are the other popular projects using the ERC721 standard.

There are also different areas that use ERC721 tokens such as Realty and Artworks etc. If you are interested in buying or selling the unique coins, you can visit Opensea.io, the biggest market for those type of digital items.

bitcoin forks bitcoincash BCH BSV

Hi all, this post is going to be short and about Bitcoin Bitcoin Cash and Bitcoin SV for dummies like myself 🙂 Enjoy

In 2008, bitcoin was created, and it has become the starter of a new era of money, payments, and store of value. Thanks to blockchain, you do not need the middle man to make deals, bank to control your money, government proof to transfer value. The whole idea of blockchain is to create a system of transformation of information in a decentralized manner. It also created a value of each transaction as cryptocurrency, bitcoin.

Think of a bank account and you need to withdraw money or send it on your app to a friend or family member, they will charge you, they will limit the amount, or even block your account.

Like everyone else out there, you need a fearless access to your money at the time you need it. Think about investing in stock market, and you want to invest in a company based on a news at the middle of the night. With current banking system, you can’t. Cryptocurrency and blockchain are there to remove all the borders that centralized payment systems build between you, your money, and people.

You can skip the need for banks to trust or any other organization to control your savings, identity, or YOU. You can have 100% total control on your information thanks to cryptography.

Even with blockchain technology, peer-to-peer transactions needs updates and community grows and demand increases. For example, bitcoin has 7 major hard forks. Let’s see what we have done in name of BCH…

Bitcoin Cash

In 2017, bitcoin and its community decide to split their direction and differ each one with their unique ticker, BTC and BCH. So why bitcoin cash over bitcoin?

Bitcoin had a unique way of verification for each transaction on blockchain. These each transaction was recorded in a block of chain. The size of block for bitcoin was 1MB. Developers and miner agreed on increasing block size to be 2MB to increase scalability and they introduced SegWit2x protocol. However, this action did not worked as expected. In August 2017, some miner and devs decided to go through a hard fork as knows major updates to create another chain from original. This makes previously invalid blocks/transactions valid (or vice-versa). As a result, bitcoin cash, BCH, was created within its own blockchain having a block size of 8 MB to accelerate the verification process. This feature made bitcoin cash verification and transaction speed faster and fees lower than bitcoin.

Due to some debates among community, in 2018, BCH also ended in a hard fork to create Bitcoin SV. Developers believed to stay true to Satoshi’s original bitcoin white paper and to facilitate scalability and faster transaction speeds.

Summary

All these hard forks on bitcoin blockchain has occurred as community cared future of the bitcoin cryptocurrency, and its ability to scale effectively. As crypto community gets bigger and more demands created on blockchain technology more updates or hard forks will appear. For sure, future will be defined as we unleash from our chains and borders. Crypto community has started it with bitcoin. Let’s continue…

To buy sell trade cryptocurrency easly, click here.

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Earn Bitcoin playing games online, click here.

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In this post, we have mentioned about bitcoin, bitcoin cash, and bitcoin SV as hard forks. Read more about cryptocurrency here.

Let us know what you think about bitcoin’s future fork updates.

passive income cryptocurrency bitcoin

These days, we all need some sort of occupation to keep us busy. Why not to enjoy this time and make some economic profit from your actions? Here I will shortly make a list of ways for you to receive passive income in cryptocurrency.

Investing

You can buy, sell, trade, and store cryptocurrency online and earn with ups and downs in crypto market. It is also possible to buy cryptocurrency with your credit card or debit card. For this purpose, I am suggesting cryptocurrency trading platform binance. It is one of the top cryptocurrency exchange platfrom by volume and trading pairs. This platfrom also has its own native coin, BNB. BNB started its journey with a price of $0.3 and has reached over $35. Check it out below.

Browsers

There are crypto related browsers you can use to do your online tasks, watch movies, read articles, or anything you do on known browsers. Even though users do not usually know that browsers like google are storing user information to sell commercial purposes. Everything you do on these web browsers are been recorded and ready to be sold for revenue. Here crypto related browser come in hand to help you to have control on your perponal data. Browsers like brave has a feature that users can make extra money while using it. You can earn cryptocurrency bat token as a reward and also earn more by watching ads. Another browser, cryptotab, is using computing power to reward users with bitcoin. Check these two browsers below.

Applications

You can earn cryptocurrency with applications. You can find a list that I made for you below. Some application will reward you for watching videos on their platform. Platfroms like bitradio airdrops cryptocurrency for listening radio online. While you stay at home, you can earn cryptocurrency by playing famous games online, too. Check out the list below.

Staking

If you like to buy cryptocurrency and earn passive income on your coins. Some of the staking rewards are paid in a monthly basis some in daily. Rewards can go up to 50%. To give some example on which coin to do staking on, NEO, VET, PIVX, LSK, ONT, or KMD. To purchase staking coins, Binance will be a best option. Here is a list of platforms you can stake and earn profit on your coins.

Monitization

If you are having a website with enough of traffic, you can make passive income as a publisher. You can monetize 

This is all I have for this post. Of course there are many other ways to receive passive income, but I wanted to keep this list not too long or short. Please let me know what you think. Sincerely

earn passive income cryptocurrency

To read more about investing in crypto, click here.

Welcome to Hashshiny.io, Buy Hashrate for mining Bitcoin, Litecoin, Dash, Ethereum and Zcash, Decred. Here, we give little information about review of hashshiny.io . To create your account, click here.

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You can reinvest your balance anytime. Also with forecast feature, your profit per day, week, month, and year will be shown on your dashboard for different mining contract.

Mining Contracts:

  • SHA-256 CLOUD MINING—- 0.45/10 GHs
  • ETHASH CLOUD MINING —– $0.50/100 KHs 
  • X11 HASH CLOUD MINING —– $0.45/100 MHs
  • SCRYPT CLOUD MINING —– $0.70/1 MHs
  • EQUIHASH CLOUD MINING —– $0.25/10 SOLs
  • BLAKE256R14 CLOUD MINING —– $0.30/10 GHs

Withdrawal Limits

  • 0.005 BTC 
  • 0.15 ETH
  • 0.25 ZEC
  • 0.8 DCR
  • 0.3 DASH
  • 0.6 LTC

DOWNLOAD HASHSHINY APP

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To read more about Cloud mining vs Solo Mining, click here. We have already invested on this cloud mining company and hashshiny.io review post will be updated after first withdrawal.

Please let us know your experience with hashshiny.io or any other cloud mining company. We will be glad to answer your questions.

The information in this post is for only educational purposes, please do not consider this post for any type of investment. We only share our experience and though on this program with you. You should not invest any amount that you can not afford loosing.

What are Startup Projects? Startup project is a new company (<5 years old) that plans to get bigger quickly. To do that, the entrepreneurs look for funding to develop their ideas or projects. In turn, the investors funding those entrepreneurs get shares for the project. The more investment the project gets, faster the project starts.

Startup investors actually buy a piece of the company putting down capital for equity. That leads to form a partnership. If the company makes profit, the profit is shared based on the proportion of equity in the startup. However the investors lose their money if the startup fails.

As you know, every good project starts with a small step and then gets bigger. For example, if you had invested some money on Uber, Airbnb, Amazon, Dell, Apple, Microsoft etc… when they were just startup projects, you would have been a billionaire in a few years. 10-15 years ago no one could imagine that ideas such as Uber or Airbnb would value billions of dollars. You should always remember that not all startup projects are successful. Dotcom bubble is the best example for startup project failure. So, startup project investment is always risky and risk management must always be done before investing.

Risk-Reward Relationship

Investing in a project early does not mean that the project will be successful and most startup projects fail. Investors should consider that buying a startup project means buying risk as well. People who invest later buy less risk and so less profit. So, there is high risk-high reward relationship.

What are the risks?

  • Funding: Money is always the key for business. So if a startup project cannot acquire enough funding, the project fails at the beginning. Collecting enough funding is so important for the first step.
  • Market Demand: For business, market demand is also crucial. Before starting a project, investors must learn about market demand very well in order to evaluate if it is worth investing or not. Misjuding market demand may lead to failure or less profit.
  • Talented Employee or Team Members: There are thousands of people who has projects and look for investors. Investing in a project whose team members are not talented enough to conduct will lead to absolute failure. Therefore, before investing, the investors must know the project team members and their experience to decide if they are capable or not for the project.
  • Balance in Growth: All companies wants to grow in time but growing too fast or too slow may lead to failure. Growing too fast would increase staffing costs and market demand. Growing too slow would decrease momentum and miss competition. Therefore, investors must check the companies’ growth plans before investing and there must be logical steps in the plan to decrease the risk for investment.
EXAMPLE with NUMBERS

Facebook: Peter Thiel had invested $500,000 in 2004. After eight years with Facebook IPO, he earned above $1 billion. If an investor had invested in Facebook on first day trading, he would earn up to %650 by 2020.

So it is so crucial that if you plan to invest on a start-up project, you must do your own search without any recommendation coming from outside including experts. Believing that the project would make money in the future, you can invest.

Some websites to see the startup projects:

Netcapital.com: buying or selling stock in startups and private companies.

Republic.co: Lots of small projects are present to invest.

Crowdfunder.com: Big projects are present for ICO or start-up investment.

Indiegogo.com: a rewards-based website providing benefits based on the amount of money.

Investing in a startup project is briefly explained here. If you have further questions, please feel free to ask.