June 25, 2021

BlockFi Is a Savings Account That Earns Compound Interest on Bitcoin and Other Crypto

Making money on crypto used to involve a lot of patience and a lot of...

Making money on crypto used to involve a lot of patience and a lot of luck. You’d have to choose a currency you thought was ripe for increased valuation, decide how much to buy, and then wait and pray that it all worked out. In short, it was more like gambling than investing. But luckily, that’s not the case anymore. Now, thanks to an innovative crypto platform called BlockFi, there’s a better way to invest in crypto.

Introducing the BlockFi Interest Account

BlockFi Interest Account
Image via Unsplash

Cryptocurrencies have come a long way over the past decade. When Bitcoin took the world by storm, most financial experts thought it was just a fad. But it didn’t go away. Then other cryptocurrencies like Litecoin and Ehtereum came along, and crypto just kept getting bigger and bigger. Today, crypto is widely accepted as a legitimate financial asset. In fact, some financial experts think younger investors should allocate anywhere from 1 to 5 percent of their portfolios to crypto. The only question is, what’s the smartest way to do that?

The answer is BlockFi.

BlockFi is an 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. However, their marquee product is the BlockFi Interest Account.

The BlockFi Interest Account (BIA) is the world’s first compound interest cryptocurrency savings account. For those who may not be familiar, compound interest is when the interest earned over a specified period is added to the principle balance. That means you get to earn interest on interest, which helps you grow your money exponentially. While compound interest has been available in traditional finance for centuries, it hasn’t been available for crypto investors until now.

Incredible Interest Rates

BlockFi
Image via BlockFi

The 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 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
  • 6.5% 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

The interest rates for Gemeni Dollars and USCD Dollars is especially important. Unlike other cryptocurrencies, Gemeni Dollars and USDC Dollars are “stablecoins” that are permanently pegged to the US dollar. Thus, if you allocate your funds wisely, those high interest rates on Gemni and USCD give you a built-in way to mitigate some of the risk that comes with trading in other cryptocurrencies.

Use BlockFi To Make Money On Crypto TODAY

Crypto
Image via BlockFi

Whether you’re a crypto veteran or you’re just now starting to think about making crypto part of your investment strategy, you simply will not find a smarter way to buy and save than BlockFi. And right now you can earn a bonus of up to $250 in Bitcoin when you sign up and make your first deposit. So don’t sit around and miss out. Click here to create your BlockFi Interest Account, today.

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