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Check with seller BlockFi: Get Something Out of Your Cryptocurrency Los Angeles

Published date: May 7, 2021
  • Location: Los Angeles, California, United States


Some of the highest-yielding savings accounts only scrape past the 1% APY mark. This isn't even enough to keep up with inflation. But what are your other options for increasing yields? Then there's the stock exchange. If you're a cryptocurrency trader, on the other hand, you might have another choice.

BlockFi is a cryptocurrency exchange that offers annual returns of up to 8.6% on your cryptocurrency holdings. That's more than eight times the best savings account prices.

Another benefit of BlockFi is the ability to borrow money against your coins. You can take out a loan instead of selling them when you need money. This eliminates the need to sell in a bear market. We'll look at how BlockFi can provide loan services while also enabling you to gain interest in your deposits in this post.

Bonus Offer: Right now, you can get a $250 bonus if you make a qualifying deposit of $25 and keep it for the specified amount of time. Check out BlockFi here >>

BlockFi is a cryptocurrency custodian that allows customers to borrow money in US dollars in exchange for their cryptocurrencies. Flori Marquez and Zac Prince are the company's owners. BlockFi is based in Jersey City, New Jersey, and was formed in August 2017. The company has raised $158.7 million in a Series C round of funding.

“We are in the early innings of this industry, and everybody is working together to expand the market and make it available to people all over the world,” Prince told Crunchbase. “We are fortunate to be in a place where our company is expanding rapidly at a time when cryptocurrency is gaining traction and relevance.”

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