Please be aware BlockFi has registered for Chapter 11 bankruptcy. As such, we have removed all links to their website and recommend you do not use them if you are not already investing with their platform.
DO NOT USE BLOCKFI UNTIL THE DUST SETTLES ON THEIR BANKRUPTCY HEARINGS.
What is BlockFi?
BlockFi is unarguably the go-to place for trading and growing your cryptocurrency.
With over 150 million dollar funding from notable community figures, BlockFi was founded in 2017 by a US-based centralized crypto finance company. It supplies a variety of financial services for both private and institutional clients.
BlockFi provides its users with an interest account where they can earn up to 8.6% interest per annum on deposited cryptocurrency. It also allows users to deposit cryptocurrency as collateral value in US dollars to borrow up to 50% of the collateral value in US dollars. Through this service users can get access to cash almost immediately without a need to trade their cryptocurrency.