BlockFi was one of the first examples of the financialization of Bitcoin and other crypto assets.
Much like a traditional bank, BlockFi allows users to either take out a loan or earn interest on their crypto holdings. Additionally, BlockFi has a trading platform that allows users to easily manage their crypto asset portfolio as well as an exclusive Visa card.
Nov. 28, 2022, update: BlockFi has filed for bankruptcy and is no longer accepting deposits.
Pros & Cons
Pros
Integrated exchange platform makes it easier for users to manage their crypto holdings
Lenders can earn compound interest
Gemini (a trusted and regulated exchange) is the platform’s custodian of crypto funds
Users can choose the cryptocurrency in which they earn their interest
Some users are able to earn more than 8% interest on their crypto asset holdings
Exclusive Blockfi Visa Card that offers Bitcoin rewards
Cons
Each withdrawal is charged a flat fee, with the exception of one free withdrawal per month.
Launched in 2019, BlockFi is still a relatively new player in the cryptocurrency space
BlockFi supports a limited number of cryptocurrency
BlockFi’s rates are relatively low compared to competitors

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BLOCKFI LENDING REVIEW: THE BEST WAY TO EARN INTEREST ON YOUR CRYPTO?
BlockFi Review: The Most Reliable Way to Earn Interest on Your Crypto?
BlockFi was one of the first examples of the financialization of Bitcoin and other crypto assets.
Much like a traditional bank, BlockFi allows users to either take out a loan or earn interest on their crypto holdings. Additionally, BlockFi has a trading platform that allows users to easily manage their crypto asset portfolio as well as an exclusive Visa card.
Nov. 28, 2022, update: BlockFi has filed for bankruptcy and is no longer ac cepting deposits.
CRYPTOVANTAGE STAFF
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JAN 4, 2023
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WHAT’S ON THIS PAGE
Pros & Cons
BlockFi at a Glance
What is BlockFi?
Crypto-backed Loans
BlockFi Interest Account
BlockFi Visa Card
BlockFi Wallet
Extra Features
Is BlockFi Safe?
What Are BlockFi Fees?
Why Did BlockFi Stop Accepting US Customers?
BlockFi Frequently Asked Questions
SEE MORE
Blockfi Overview

BlockFi
Earn interest on your cryptocurrency
Not required to lock up crypto for a set period of time
Reliable and safe platform based in the USA
Particularly good earn rates for Bitcoin and ETH
Offers an exclusive Visa card with Bitcoin rewards
MINIMUM LOAN AMOUNT $5,000
MAX INTEREST AVAILABLE 7.25%
VISIT BLOCKFI
Pros & Cons
Pros
Integrated exchange platform makes it easier for users to manage their crypto holdings
Lenders can earn compound interest
Gemini (a trusted and regulated exchange) is the platform’s custodian of crypto funds
Users can choose the cryptocurrency in which they earn their interest
Some users are able to earn more than 8% interest on their crypto asset holdings
Exclusive Blockfi Visa Card that offers Bitcoin rewards
