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What You MUST Know About BlockFi Crypto



BlockFi guarantees an curiosity account that earns 8.6% APY on cryptocurrency like Bitcoin. However is BlockFi secure to your crypto? Is a BlockFi curiosity account legit? Or is all of it only one massive rip-off?
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BlockFi has been gaining important recognition recently with the renewed curiosity in crypto and Bitcoin nearing $20k. Buyers are flocking to Bitcoin and different cryptocurrencies as a approach to develop their wealth and defend it.

Up to now, there was just one approach to revenue from Bitcoin, purchase low and promote excessive. Nonetheless, at the moment buyers have a variety of choices for benefiting from their crypto together with a BlockFi curiosity account.

A BlockFi curiosity account is basically a financial savings account to your cryptocurrency and Stablecoins. By depositing your crypto into this account, you are capable of earn curiosity wherever from 3% APY all the best way as much as 9.3% APY. That is considerably greater than the 0.6% that so-called “excessive yield” financial savings accounts are providing on fiat.

However what is the catch?

Nicely though BlockFi shouldn’t be a rip-off, there’s extra happening with this firm that it is essential to know earlier than you progress any crypto into an curiosity account with them.

The primary of which is how BlockFi makes cash. This firm is unsurprisingly not a charity and as such, they’ve a enterprise mannequin that enables them to generate income. Of their case, that is carried out by creating crypto loans and a wide range of different fashions.

On this video, we’ll dive deep into precisely how BlockFi is earning money and the true value of those strategies on BlockFi curiosity account customers. We’ll additionally cowl the earlier hacks of BlockFi in addition to focus on the long run security of this platform for storing your crypto.

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TIMESTAMPS
(when you use these, you gotta just like the video…I do not make the foundations)
00:00 – Intro
01:00 – BlockFi Curiosity Account
05:30 – How Does BlockFi Make Cash?
07:58 – So Is BlockFi Secure?
12:01 – Would I Use BlockFi?
13:34 – Outro

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25 Comments

  1. I deposited 1000 recently. Put 500 on ETH and 500 on DAI. This was a test run to see if everything was as good as it seemed. I COULDNT HAVE BEEN MORE WRONG. My 1000 quickly turned into 966. Keep in mind this was before ETH jumped up in price and DAI stayed the same. WHY DID BLOCKDI TAKE ALMOST 40 DOLLARS IN TRANSACTION FEES?

  2. What’s good brother thanks again for your videos, question, if I have coinbase and I buy my bitcoin and other crypto currency from there. Could I transfer it to blocfi to earn interest.and how you do that.

  3. Word cannot Express my gratitude for you your help and effort. Thank you so much well done z5cracks. I can't Express how much I appreciate your effort. It's great to have someone as special as you to work with,,

  4. Word cannot Express my gratitude for you your help and effort. Thank you so much well done z5cracks. I can't Express how much I appreciate your effort. It's great to have someone as special as you to work with,,

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