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 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.
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.
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
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
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.