Community Forex Questions
What is BlockFi ?
BlockFi is a bitcoin investing platform that allows investors to lend and earn interest on their Bitcoin holdings. Furthermore, instead of selling coins and tokens, an investor can borrow against them. The BlockFi Interest Account (BIA) allows dealers to increase the value of their bitcoin. A trader's cryptocurrency can grow in value while earning interest by storing it in a BlockFi Interest Account.
Fees: BlockFi promises stablecoin holders 8.6 percent interest and cryptocurrency holders up to 6% interest. This is a completely free account with no minimum balance requirement. Create an account in three easy steps: Complete the application and deposit cryptocurrencies or stable coins into the trader's account (a type of cryptocurrency tethered to an asset marker like the U.S. dollar). Using BlockFi's simple interest calculator, calculate the interest that will accrue on a trader's cryptocurrency balance in their BIA over a specified period.
Security: BlockFi safeguards a trader's funds and data, allowing the trader to invest with confidence. If an investor's only goal is to keep his or her tokens, he or she may simply sit back and wait for interest to arise.
https://blockfi.com
Fees: BlockFi promises stablecoin holders 8.6 percent interest and cryptocurrency holders up to 6% interest. This is a completely free account with no minimum balance requirement. Create an account in three easy steps: Complete the application and deposit cryptocurrencies or stable coins into the trader's account (a type of cryptocurrency tethered to an asset marker like the U.S. dollar). Using BlockFi's simple interest calculator, calculate the interest that will accrue on a trader's cryptocurrency balance in their BIA over a specified period.
Security: BlockFi safeguards a trader's funds and data, allowing the trader to invest with confidence. If an investor's only goal is to keep his or her tokens, he or she may simply sit back and wait for interest to arise.
https://blockfi.com
BlockFi is a financial services company specializing in cryptocurrencies. Founded in 2017, it offers a range of products including crypto-backed loans, interest-bearing accounts, and trading services. Users can deposit cryptocurrencies like Bitcoin, Ethereum, and stablecoins to earn interest or use them as collateral for loans in traditional currencies. BlockFi aims to bridge the gap between traditional finance and digital assets, providing users with the ability to leverage their crypto holdings without selling them. The company is known for its high-yield interest accounts, making it attractive to long-term investors. BlockFi also features an intuitive platform, catering to both retail and institutional clients, and has gained a reputation for its innovative approach to integrating cryptocurrencies into everyday financial services.
Aug 16, 2022 21:24