Today i plan to talk about BlockFi, one of the main ways to save and be rewarded in crypto for my portfolio.
Once upon a time, i used to keep all my crypto in my Coinbase account, getting nothing but extra fees everytime i tried to exchange the profit and to send them back into my bank account. But reading on my favourite platforms (Publish0x and ReadCash), i heard about BlockFi, and to be honest they got quite nice interest rates. Do not believe me? Check for yourself.
I must say, better than the banks here in UK, as their interest right now is getting closer and closer to zero. You can also lend crypto using Bitcoin and UDSC as collateral, at very competitive rates. But i would use a stablecoin like USDC for lending, as Bitcoin is increasing too fast to make this worthy. Here is another good point, as i quote: “We’re thrilled to be collaborating with Fidelity Digital Assets to help facilitate capital efficiency within their robust digital asset management platform,” said Zac Prince, CEO and Founder of BlockFi. So, they are partners with Fidelity Digital Assets. And they are a part of Gemini Group, you know, Winklewoss twins company. So, their risk to default is quite small.
More good things about them? At the moment they are working on a waitlist for the world’s first Bitcoin Rewards Credit Card is now open exclusively for BlockFi clients! It offers 1.5% cashback in BTC on every purchase, with no collateral needed (aiming at you CryptoDotCom), a similar metal design with the other select world class cards, and an easy account management via your BlockFi account.
Another advantage over other platforms like Celsius, for example, is that you can exchange crypto on the website, moving your BTC into stablecoins when it is very high, and exchanging back from stablecoins to crypto during the dip. This way, if you study the market, you may increase your crypto amount, but my advice is to not be greedy and always go for small profits, often, than for big ones, as this happen quite rare.
You can also choose what crypto you want for your rewards, or receive it in the same crypto as your deposits.
And today is the last day of the year, and the last day of their wonderful promotion, where you get a nice 50$ bonus for BTC deposits as a new user.
I hope this helps, if you want a safe(-ish) way to store your crypto that you are not using and just HODL-ing.
Yours truly,
George
Why not...
...have fun and win rewards on blockchain games (Splinterlands - Hearthstone-like card game) (Axie Infinity - NFT battle) (CryptoBrewmaster - Beer factory sim)
...use the world best cryptocurrency exchanges: Binance, Coinbase and Kucoin.
...get the higher rewards for your investments using Blockfi for $50 bonus in BTC and Celsius.network, use Celsius referral 1235256530 for $20 bonus. Crypto.com is also a good choice at the moment, with the native coin CRO, being cheap to buy.
The most lucrative faucets that I use: ZEN, ZEC, PIVX, LTC and few others.
Get ETH while writing on Publish0x blog, using the Brave browser - Presearch search engine to maximize your BAT income with some extra PRE tokens.
Check my Lbry.tv channel in here. I am also writing on Read.cash (Bitcoin Cash rewards there).
Disclaimer: This text is also re-published on my personal blogs, such as this one.
That's a very interesting topic. I think I will follow it too.