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BLOCKFI IS A SAVINGS ACCOUNT

 

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


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?

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


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


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.


Futurism  fans: To create this content, a non-editorial team worked with an  affiliate partner. We may collect a small commission on items purchased  through this page. This post does not necessarily reflect the views or  the endorsement of the Futurism.com editorial staff.

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