Earn up to a $1000 Bitcoin Bonus With a BlockFi Interest Bearing Crypto Account
Start a new account today, and earn compound interest on your crypto holdings.
When it comes to crypto investment strategies, until recently your only real option was to buy assets, hold on to them until the price went up, and then sell. However, now there’s a smarter way to invest in cryptocurrencies. Thanks to an innovative crypto startup called BlockFi, you can actually put your crypto holdings to work earning compound interest, significantly increasing your Bitcoin, Ether, Litecoin, USD Coin, and Gemini Dollar balances over time.
Of course, as you probably know, Investing in cryptocurrencies is inherently risky thanks to the volatility and unpredictability of crypto prices. Nevertheless, because cryptocurrencies have so much raw potential, and because they are relatively insulated from the ups and downs of the stock market, some experts say younger investors should allocate anywhere from 1 to 5 percent of their portfolios to crypto if they can afford the risk.
Understandably, a lot of investors have been nervous to dip their toes into crypto because it is different from the traditional asset classes. However, companies like BlockFi are creating innovative wealth management products that bridge the worlds of traditional finance and crypto. As a result, crypto investing has never been more accessible.
The BlockFi Interest Account (BIA) is basically the world’s first compound interest cryptocurrency savings account.
Compound interest is when the interest earned over a specified period is added to the principle. In this way the principle grows over time, the amount of interest paid each period increases, and the initial investment grows at an increasing rate. This type of interest has been available in traditional finance for centuries. However, it hasn’t been available for crypto investors until now.
A BlockFi Interest Account lets you earn compound interest on any cryptocurrency you keep in your account. So 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 rates are pretty impressive.
Right now you can earn:
- 6% in annual interest on Bitcoin deposits up to 5 BTC
- 3.2% in annual interest on Bitcoin deposits over 5 BTC
- 4.5% in annual interest on all Etherium deposits
- 3.8% 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 particularly important. Both Gemeni Dollars and USDC Dollars are “stablecoins,” which means they are permanently pegged to the US dollar. The high-interest rate and stable value offers a built-in way to mitigate some of the risks that come with trading in other cryptocurrencies.
Earning compound interest on your crypto might be the number one reason you should sign up for BlockFi. But it isn’t the only reason. BlockFi is a comprehensive platform that lets you seamlessly manage your crypto assets and optimize portfolio allocation. Users can add funds to their account with their local fiat currency, and as soon as it shows up in their dashboard, begin trading with zero hidden fees.
BlockFi also offers crypto-backed loans. Using your crypto holdings 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. BlockFi clients take advantage of this unique feature to do everything from paying off credit card debts and buying homes, to starting and expanding small businesses.
Anyone thinking about investing in cryptocurrencies should ALWAYS consult a licensed financial advisor to make sure it’s right for them. And if you’re interested in BlockFi, you should contact your advisor as soon as possible, because right now they’re offering a bonus of up to $1,000 in Bitcoin when you sign up and trade.
That’s a deal you don’t want to miss out on.
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