BlockFi Details

About BlockFi

BlockFi offers financial products for cryptocurrency holders. The company services customers worldwide with interest-earning accounts and low-cost USD loans backed by crypto.

Crypto Interest Provider BlockFi
TypeFinancial service
Interest
Earning Start: Immediately after deposit
Guarantee Period: No guarantee
Payed As: Same as deposit
Payout Interval: Monthly. Latest at the 5th of a month.
Compounded: Yes
DecentralizedNo
LimitationsHigher balances earn only reduced interest rates. Please check provider site for details.
Lock-up PeriodUp to 30 Days
ProcedureCrypto is sent to provider which uses Gemini as custody. Provider sends crypto in next step to exchanges for lending to margin/short traders.
Fees
Withdrawal: Please check provider site for details.
CompanyOperating since 2018. Registered in United States.
Currencies offered by BlockFi
GUSD (Gemini Dollar) 8.00% 1
BTC (Bitcoin) 6.00% 1
ETH (Ethereum) 4.00% 1
1: Real APR may vary. Service fees are already deducted.
2: Better rates available under specific conditions.