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, Centralized
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
Lock-up PeriodIn general no lock-up, but it takes up to 7 days to process withdrawals
LimitationsHigher balances earn only reduced interest rates. Please check provider site for details.
ProcedureCrypto is sent to provider which uses Gemini as custody. Provider sends crypto in next step to exchanges for lending to margin/short traders.
Withdrawal: Please check provider site for details.
CompanyOperating since 2018. Registered in United States.
Currencies offered by BlockFi
GUSD (Gemini Dollar) 8.60% 1
PAX (Paxos Standard Token) 8.60% 1
USDC (USD Coin) 8.60% 1
BTC (Bitcoin) 6.00% 1
LTC (Litecoin) 5.00% 1
ETH (Ethereum) 4.50% 1
1: Real APY may vary. Service fees are already deducted.
2: Better rates available under specific conditions.