BlockFi Review: Bitcoin Interest Paid
BlockFi: New York based company, launched in 2017 and the company raised over $60m and has secured investment from these entities ConsenSys Ventures, Kenetic Capital, SoFi, Mike Novogratz’s Galaxy Digital, and Anthony Pompliano’s Morgan Creek Capital.
OK, but why BlockFi?: BlockFi will give you 6% - 8% compound interest on your Bitcoin (BTC), Ethereum (ETH), GUSD (Gemini dollar) deposits.
Sounds interesting but skeptical? Me too! so I tried it a little bit.
Just go to blockfi.com
Create your account and deposit Bitcoin (or Ethereum) and wait!
Result: I got about 30 cents! (0.0000459 BTC) 😂
I didn't put much Bitcoin in there so the interest amount is pretty small.
But I think 6% interest is a lot better than a regular bank account.
If you have some bitcoin and just sitting on it, why don't you give it a try?
Payout is done on the beginning of every month.
The interest earned by account holders compounds, meaning that 6% interested is applied to the total amount of Bitcoin every month so it grows faster!
Use this link: https://blockfi.com
BlockFi will give you $10 in BTC after your first deposit of $100.