I'm always trying new products. This past holiday season I saw my friend Spencer Yang from CoinMarketCap post about earning interest on your cryptocurrency. So naturally, I clicked on it to check it out.
To my surprise, you could earn up to 6.20% interest on your crypto! This is huge compared to the current US rate of 1.50–1.75%.
So I moved my crypto into Blockfi and waited. It was really simple, the interface is friendly and all I needed to do was move my assets into it. Then at the end of the month, I got a report for the interest earned. I asked customer support and the interest earned is base on pro-rata.
Things I like about Blockfi:
Things I don't like about Blockfi:
Look, Blockfi's withdrawal limit and long withdrawal time is very concerning. If they close down, you might lose all your money. But I consider crypto as a high risk investment and at 6.2%, it's a risk I'm willing to take. The interface is beautiful and for the amount of work, I think it's worth it.
If you liked this post and want to open an account, hook a brother up and use this referral link for some sweet bonus.
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