When it comes to investing in crypto, it used to be that your only real option for turning a profit was to buy assets, hold on to them until the price went up, and then sell. Unfortunately, using that strategy successfully required quite a bit of luck. But now there’s a smarter way to invest in crypto. Thanks to an innovative crypto startup called BlockFi, today you can actually put your crypto holdings to work earning up to 8.6% APY compound interest, significantly increasing your Bitcoin, Ether, Litecoin, USD Coin, and Gemini Dollar balances over time. And as if that wasn’t good enough, right now new clients can get up to $250 worth of Bitcoin as a bonus when they sign up and make a qualifying deposit. So there has never been a better time to take BlockFi for a spin.
As you probably know, cryptocurrencies have a ton of raw potential. And because they are relatively insulated from the ups and downs of the stock market, some financial experts think younger investors should allocate anywhere from 1-to-5 percent of their portfolios to crypto. That said, there’s still a lot of volatility and unpredictability in the cryptocurrency marketplace. And because it is so unlike any other asset class, a lot of investors have been nervous to take the crypto plunge.
That’s where BlockFi comes in. It's an innovative online crypto investing and management platform created to make investing in crypto easier and more productive. They offer a suite of wealth management products designed to serve as a bridge between the worlds of traditional finance and crypto. And their marquee product is the BlockFi Interest Account.
BlockFi Interest Account
The BlockFi Interest Account (BIA) is the world’s first compound interest cryptocurrency savings account. And needless to say, it is changing the way people think about invest in crypto.
For those who may not be familiar, compound interest is when the interest earned over a specified period is added to the principle balance. So in other words, it’s when you get to earn interest on interest, which helps you grow your money exponentially. Compound interest has been available in traditional finance for centuries. However, it hasn’t been available for crypto investors until now.
The BlockFi Interest Account lets you earn compound interest on any cryptocurrency you keep in your account. Thus, instead of just sitting there collecting virtual dust while you wait for the right time to sell, your cryptocurrency actually makes you more cryptocurrency. And the current interest rates are pretty impressive.
Right now you can earn:
- 6% in annual interest on Bitcoin deposits up to 2.5 BTC
- 3% in annual interest on Bitcoin deposits over 2.5 BTC
- 5.25% in annual interest on all Etherium deposits
- 5% in annual interest on all Litecoint deposits
- 8.6% in annual interest on all Gemeni Dollar deposits
- 8.6% in annual interest on all USDC Dollar deposits
That 8.6% rate for Gemeni Dollars and USCD Dollars is especially important. You see, Gemeni Dollars and USDC Dollars are “stablecoins,” which means they are permanently pegged to the US dollar. The high interest rates for Gemeni and USCD thus give you a built-in way to mitigate some of the risk that comes with trading in other cryptocurrencies.
BlockFi Is Way More Than Compound Interest
Incredible compound interest rates on your crypto holdings might be the most obvious reason to sign up for BlockFi. But it’s not the only reason. BlockFi is a comprehensive crypto platform that lets you easily manage your crypto assets and optimize portfolio allocation. Users can add funds to their account with their local fiat currency, making ACH deposits and withdrawals straight from their checking accounts. As soon as the funds show up in their dashboard, users can begin trading with zero hidden fees.
BlockFi also offers crypto-backed loans. Using your crypto as collateral, you can get loans worth up to 50 percent of the value of your assets at a highly competitive 4.5 percent interest rate. This gives you yet another way to put your crypto holdings to work without cashing out, so you won't be left kicking yourself if the value of a particular currency in your portfolio skyrockets somewhere down the road.
Take Advantage Of The Limited Time Bonus
When it comes to buying crypto, you won’t find a smarter, safer way to do it than BlockFi. And right now, new BlockFi clients can earn a bonus of up to $250 in Bitcoin when they sign up and make their first deposit. So if you’re thinking about dedicating a portion of your portfolio to crypto, don’t wait around and miss out.
Click here today and find out if BlockFi is right for you.
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