What is BlockFi?
If you would like to earn up to 8.6% interest annually on your cryptocurrency by parking it in a high interest account, I encourage you to check out BlockFi. BlockFi lets you put your crypto to work by earning you monthly interest payments in Bitcoin, Litecoin, Ethereum, or a stable coin like Gemeni or USDC. Opening an account is quick and easy and you may start earning interest on your crypto today. They proclaim to be the first and only interest-earning crypto account to offer compound interest and trading.
BlockFi Currency Trading allows you to seamlessly manage your cryptoassets and maximize your earning potential by utilizing their platform which offers the ability to exchange cryptocurrency pairs between BTC, ETH, LTC, USDC, GUSD, and now PAX.
Crypto Backed Loans
BlockFi's crypto-backed loans allow you to access liquidity without selling your coins. By using your crypto as collateral, you can unlock up to 50% of the value of your assets in USD. Same day funding is possible through wire or stablecoin. BlockFi claims their clients use crypto-backed loans to do anything from paying off credit card debt to buying a home. Businesses turn to BlockFi to help them with payroll financing and business expansion. There are many advantages to borrowing instead of selling, including tax benefits.