BlockFi Review: Earn Interest on Your Crypto
Blockfi Review: Blockfi claims itself to be the future of finance. The alternative you want and the platform you need to invest your cryptos. Now, earning interests upto 8.6% on your resting cryptocurrency is a possibility made true with blockfi. Blockfi ensures customer centric services with its credit providing facilities and interest bearing assets. It was founded in 2017 by Zac Prince and Flori Marquez. The platform claims to be an independent Lender with strong backup from renowned names.
Services offered by BlockFi
Blockfi offers various services including :
- Blockfi Interest Account (BIA)
- Blockfi Trading Account
- Blockfi crypto based loans
- Blockfi Rewards Credit card (Not yet available)
- Institutional services
- Blockfi partners benefits
- Refer a friend and earn
- Mobile app convenience
Features of BlocFi:
- Regulated App: Blockchain being a crypto based platform is not decentralised. The platform runs on a secured system and offers interest in storing cryptos. Blockfi is a US based platform and hence is regulated by the authorities.
- Risk management : Blockfi provides security and to avoid any sort of incoming risk, the platform has avoided holding any ICOs. It tries it’s best to eliminate any risk associated with holding or trading cryptos.
- Transparency : Blockfi ensures to provide complete transparency. They constantly provide security updates, manage any risk, developing and engaging workforce.
- No hidden fees or minimum balance : There are absolutely no hidden fees while trading or keeping your loan for credits. Also blockfi doesn’t require any minimum amount to keep an account active.
- Partners : Blockfi is backed up by some renowned partners including Valar Ventures, Morgan Creek Capital Management, Coinbase Ventures, Galaxy Digital, Susquehanna Government Products, Winklevoss Capital, and more.
The drawbacks of BlockFi:
- Unpredictability of cryptocurrency : Anyone who avails credit needs to be careful about the market prices of the Crypto.
- Knowledge : It is advisable that only people with accurate knowledge of cryptocurrency involve themselves with such a platform.
- No financial statements : The platform doesn’t promote any crypto, so it is best for investors not to rely on the platform and rather invest on their own risk .
Download Blockfi: Click here
How to open a Blockfi account
One can easily open a Blockfi account either by the website or the mobile app.
- Visit the website or download the app
- Sign in as a new user
- Provide your email id and select a password
- Verify your email id
- Fund your account with fiat currency or crypto
- Your account is ready to earn interests.
Blockfi review: Earn Interest on your Crypto
The BlockFi app is an absolute saviour for your cryptos. Earn interests at high and attractive rates and don’t just let your cryptos sit waiting for high market rises. The Blockfi platform is highly recommended by investor’s and gives back good returns.
Read the entire review here: https://cryptobullsclub.com/blockfi-review/