How to Earn Passive Income Through Cryptocurrency with Blockfi
In this video, we teach you how to earn passive income through cryptocurrency with BlockFi.
BlockFi is a crypto management platform that allows you to use your cryptocurrency and use it wisely.
Earn Passive Income with BlockFi
At BlockFi, you can earn up to 8.6% interest every year from the cryptocurrency you hold, borrow cash, buy and sell cryptocurrency, and use other similar bank services. This is like an all-in-one crypto bank.
The cryptocurrency industry has been developing and with that the opportunities to earn passive income with cryptocurrency. The recent media attention has caused more consumers to invest money in various cryptocurrencies. In a sense, Bitcoin’s supremacy over altcoins has ended. Cryptocurrencies such as Bitcoin, Ethereum, Binance Coin, Cardano, ATOM, and countless other alternative cryptocurrencies provide new users with better entry points for long-term financial gains. As the demand for these altcoins continues to grow, so does the demand for reliable cryptocurrency accounts that can generate interest for account holders. This is where BlockFi comes in.
The BlockFi website claims that its platform can help cryptocurrency holders “earn more from your cryptocurrency.” Using a BlockFi account to store your cryptocurrency may allow you to earn “up to 8.6%” interest every year. These types of interest rates are ridiculously high, especially when we compare them to traditional bank accounts in the statutory financial sector. There was a time in history when the standard annual interest rate for U.S. savings accounts was 5-10%. Now? Most accounts don’t even provide interest that can exceed inflation.
BlockFi currently offers eight different cryptocurrencies. The platform has many benefits, partly because BlockFi accounts take advantage of the power of cryptocurrency and decentralized finance. Account-holders on BlockFi do not pay hidden fees, they do not need to maintain a minimum balance, and they can immediately transfer funds out of the account.
Bonus Offer: Right now, if you make a qualifying deposit of $25 and maintain it for the set period of time, you can get a $250 bonus! Check out BlockFi here >>
BlockFi Bitcoin Rewards Visa Credit Card
BlockFi just launched the Bitcoin reward Visa credit card. Similar to cashback credit cards, BlockFi Visa will earn you Bitcoin rewards!
The card will receive a 1.5% Bitcoin reward rate on all card purchases, with no annual fee.
This is a very good deal that puts it ahead of most other Bitcoin reward products.
You can open a BlockFi Bitcoin credit card here.
BlockFi Features
Product Type | Cryptocurrency savings accounts, loans, and trading |
Min Deposit | $0 |
Min Balance Requirements | None |
Interest Rate On Deposits | Up to 7.50% |
Maintenance Fees | None |
Deposit Fees | $10 minimum fee for incoming wires |
Withdrawal Fees |
All BIA account holders can make one free withdrawal per month. |
Withdrawal Limits | $5,000 per wire withdrawal |
Withdrawal Minimums |
|
ACH Integration | Yes, will connect with any bank that uses Plaid (about 9,600 U.S. banks) |
Transfer Speed | 1-5 business days |
Insurance | Digital asset insurance provided by Gemini protecting against against the loss of cryptocurrency related to security breaches, fraudulent transfers, or employee theft. |
Security |
|
Mobile App Availability | iOS and Android |
Customer Service Phone Number | 1-646-779–9688 |
Customer Service Email | support@blockfi.com |
Promotions | Up to $250 |
BlockFi Minimum Account Balance
BlockFi no longer has the minimum account balance required to earn interest.
Whether you have 1 ETH or 10,000
ETH in your account, you can earn interest through your BlockFi account.
However, BlockFi‘s minimum withdrawal amount is 0.003 BTC and 0.056 ETH. Withdrawals with balances less than these amounts may take up to 30 days to process.
Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, or other advertisers, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
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