Blockfi carpediem 5 month investment review

BlockFi Wealth Management Platform - 5 Month 1000$ 💸💸💸 (+-) Deposit Review


Hello friends,

Today I want to share with you my experience with BlockFi "Wealth Management" platform.

If you never heard about Blockfi, then I suggest you watch this video interview with BlockFi CEO, Zac Prince (@BlockFiZac):

 

 

But in plain terms it is basically a savings account for your crypto.

You put you hard earned crypto coins into your custodian wallet and automatically get an interested payments made back to your account on a monthly base.

 

The rates varies depending on the coin being deposited and you can choose if you want to be paid in same currency that you deposited or to choose to get all your interest to be paid in the currency of your choice.

 

blockfi interest options

 

Currently they allow deposits of Bitcoin, Ethereum and several stable coins (GUSD, PAX, USDC).

 

blockfi deposit options

 

And currently offer up to 8.6% Annually on Your Crypto without any minimal balance to start earning interest.

 

blockfi up to 8.6% annual interest

 

The reason why i decided you check out BlockFi in the first place was the fact that i was looking for a safe way to steadily increase my crypto holidngs without too much of the attached risks with all the trading and staking, and without me needing to do anything about it.

I wanted to lock some of my crypto and forget about it for a few month.

 

So my initial deposit on March 2020 was 0.13043862 BTC,  839.85$ at the time...

 

blockfi initial deposit

 

Then about three weeks later, on April 2020 I decided to throw in 1.00192784 ETH that I had lying around in my metamask.

 

 

 

blockfi eth deposit

 

By then my BTC holdings were already at $1,134.81, but hold your horses....

 

via GIPHY

 

The interest i accrued during that time period was only 0.00062430 BTC or $5.81 at that time..

 

via GIPHY

 

The rest was just a normal BTC appreciation...that some volatile industry, isnt it :)

 

I then left it all to be, and didnt had a chance to check it during the next few month's, only about few days ago when i finally got a chance to actually open one of the update mails i got from them, that i had a chance to see what happened during those 5 month and my initial 839$ of BTC and about 208$ of ETH.

 

blockfi investment

 

 

It is always exciting to look at some old (ish) stash, especially when it tends to grow when left unattended.

 

So after just over 5 month in BlockFi platform, my total deposit value at the end of July 2020 was at 0.13299615 BTC, 0.00255753 BTC more then i deposited, valued just a bit short of 30$. My ETH earnings grew to 1.01307517 ETH, 0.01114733 ETH more then i initially deposited.

 

blockfi profits

 

The funny part is that my total deposit was now worth just over 1856 USD, not bad for a 800$ initial investment.

 

A few more days pass and my total number are:

blockfi experiment

 

 

Its not much, but considering the fact that it was without any effort and very low risk of loosing my hard earned coins (BlockFi is backed by Gemini) i am generally happy with the results.

 

If you interested on checking out BlockFi, i will appreciate if you can use my affiliate link so we can both get some extra coins in our stash.

 If you sign up via my link we both get extra 10$ to our deposits :

 

How it Works

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START EARNING
Starting May 1st, for every new friend that signs up using your unique referral code and deposits $100+ worth of crypto to their BlockFi Interest Account, you and your friend will each earn a one time bonus of $10 in BTC. Your friend will need to hold the qualifying balance until the following interest payment day to qualify you both for the bonus.

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carpediem
carpediem

I am a Life Traveler, a Father, a Lover, an Entrepreneur, a Web Developer, a Hacker, a Horticulturist and Blockchain and Crypto Enthusiast...or nothing at all.


Compound Interest Challenge - My Way to the MOON
Compound Interest Challenge - My Way to the MOON

Albert Eistein once said : "Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it." This blog is about my pursuit to jump on the earning side of the Crypto Compound Interest Train!

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