Earn Interest On Your Crypto With Blockfi?
Should You Be Using Blockfi? I started using Blockfi back in September of this year. I was highly skeptical of sending them my Bitcoin considering I haven't heard much about the company itself however it was heavily advertised by several reputable companies. https://blockfi.com/?ref=8d2ce8dc That alone was enough for me to put trust into Blockfi. I know everything always comes with risk especially when you are in the world of crypto. You always have to watch out for the scammers and con artist alike. https://blockfi.com/?ref=8d2ce8dc I initiated a deposit in September and I was able to withdraw all my funds about 2 weeks ago. I had to give them the withdrawal test before I could in good conscious give my recommendation for you to earn interest on your crypto using Blockfi. https://blockfi.com/?ref=8d2ce8dc **Why should you** **sign up before 10/31/2020** **???** https://blockfi.com/?ref=8d2ce8dc When you sign up before October 31 you will receive up to a $275 bonus which is based upon how much money you deposit. That is a better offer then the Free $10 I got when I signed up. You should really pay attention to the amount of interest you earn based upon the amount of crypto that you deposit. I am not sure if it is the same on everyone's account is the same with interest levels in mind. Now in my case I was earning less interest then I would had provided I only deposited $25.00 versus $100.00 I am not very sure about the logic or the reasoning behind the choice of a larger interest rate for a smaller deposit versus a larger deposit. I always thought the more you deposit the more interest you will earn...that is what I get for thinking about that one...lol **Loans**? You can also choose to borrow against the crypto that you have in your account with Blockfi. You have to initiate a minimum $5,000.00 loan in order to take a loan. However you can borrow against your crypto that you currently hold and still earn interest on it while you pay back your loan. https://blockfi.com/?ref=8d2ce8dc Myself personally. I think it could be a good thing for some people however for myself I don't like the risk involved of borrowing against my crypto. The off chance that bitcoin takes a major dip and leaves you out of more then the amount you borrowed has happened in the past. Lenders and Borrowers have lost major in the past. I am not ready to put myself too high in the risk category just yet. Maybe here in a year or two when I am actually generating enough extra money by helping people like you earn money online. For now I will stick with what I can afford to lose which isn't very much this day and age. **My Final Thoughts.** I deposited $25 in order to earn a higher interest rate. I plan on keeping the funds in the account for a period of 365 days. In October of next year I will write another update on Blockfi showing how much my small $25.00 deposit will grow. I would like to thank you for reading my post and be sure to follow me for even more ways to get free crypto and money. God Bless and Stay Healthy! To support me and keep informed articles like this one coming please use the affiliate links provided. As always any up votes, likes, follows, shares and tips are gratefully appreciated. Affiliate Link Here https://blockfi.com/?ref=8d2ce8dc
16 comments
Thnks i will try this . btw, still cant get the $10 comp on coinbase
I already use Blockfi. I have accumulated a ton of interest!
I have heard such thing. It is really amazing but how about a comparison with other platform? Maybe we can have ita advantages only.
I am actually working on doing it in a comparison. Thank you for the ideas
Blockfi.. Isn't much safer?
How much is minimum deposit there? How much is the interest rate you can get?
I believe the minimum amount would be $25 at 4% apy
I think I'm going to have a review to that.
I took advantage of the promotion. Looking forward to my reward later this month :)
I wish I would have been able to take full advantage of the promo but it doesn't always work out that way. I am still happy I found BlockFi though
nice, easy and clear read. Thank you! Ill subscribe and wait for a year i suppose! =)
i have been using BlockFi for over a year...the only issue the data breach a few months ago. other than that, i like the product. nice post!
I wasn't aware of the data breach but I am a fan of blockfi myself
i think the data breach occurred a few months before you joined...luck you!
thanks for sharing your expirience about investing here.That was really helpful
Not so sure about crypto interest investment as I have heard of people being scammed.