BlockFi
- Earn interest on your bitcoin
- Borrow against your bitcoin
- Trade between bitcoin and stablecoins
- Spend your bitcoin via their block card
- Earn bitcoin as a reward for spending with their BlockFi card
Note: BlockFI is not entirely focused on bitcoin and does support other cryptocurrencies and stablecoins.
Block & load
BlockFi was founded in 2017 by Zac Prince as a way for Bitcoin hodlers to earn interest on their precious sats. On top of the interest account, they offer loans should you wish to borrow against your Bitcoin, as well as fee-free trading.
With some serious financial backing from various deep-pocketed investors, the company appears to be in good shape but as always, this is the wild west and things can change in an instant. BlockFi has had a few difficulties in the past with overpaying customers, regulatory difficulty and a hack of customer data in 2020.
As always, there is a risk leaving your coins in 3rd party sites so decide how much you’re willing to leave in lending platforms and get those sats working.
Interest usually pays out once per month depending on the variable rates and you can withdraw once without paying a fee – more information on their fees can be found here.
Referral link – deposit $100 or more in and you and us will receive $10 BTC – more information on the referral can be found here.
Share with a friend
If you thought this information was helpful why not share it on your favourite social media network and encourage others to learn more about Bitcoin
The latest news from our blog
Alby To Sunset Custodial Wallet
Dear Alby Users, We always knew this day would come when the training wheels would have to come off, and that day is set in
How To Destroy Your Portfolio By Trading Bitcoin With Leverage
The market looks somewhat frothy these days; the semblance of a banana zone is forming, which usually turns into a come-and-get-the-bag plea to all the
What Is A Bitcoin IRA?
Bitcoin’s meteoric rise from darknet settlement currency to a 1 trillion dollar asset class has broken many models and average investors’ brains along the way.