Very nice interest on Bitcoin BTC balance if you deposit into blockfi.com investment program. This is not a scam, it’s not a high yield investment program. However there are risk which is if gemini got hacked or the wallet hold your Bitcoin got hacked then blockfi.com said they will not be hold accountable to reimburse you, it said so in the TOS agreement when you signed up for this account, pretty much just like the MtGOx account so be careful.
Bank cannot compete with the 5% return on your Bitcoin, and definitely cannot compete with the 8.6% return on your GUSD (gemini usd) stable coin. This is probably a good opportunities to arbitrage actually, take out a loan with 3-4% and get GUSD for a 8% to profit 4%, but there are risk involve so be careful.
On Wednesday, January 22, 2020, 04:36:20 PM EST, BlockFi <[email protected]> wrote:
Rate Change 12220
We are reaching out to announce an upcoming BTC and ETH tier rate change. We hope this provides all BlockFi clients with more earning opportunities. Our new rates are as follows:
Tier 1 | 0-5 BTC – 5.1% APY
Tier 2 | > 5 BTC – 3.2% APY
Tier 1 | 0-500 ETH – 3.6% APY
Tier 2 | > 500 ETH – 2.0% APY
Please note, these rate changes will go into effect February 1st (02/01/20).
If you have any questions about our rates, you can reach out to [email protected] or
call us at +1 646-779-9688.
The BlockFi Team
Copyright © 2019. BlockFi, All rights reserved.
201 Montgomery Street, Second Floor, Suite 263
Jersey City, New Jersey 07302
This is a marketing email developed as marketing material for the BlockFi brand. Some of our emails may contain marketing links, which means we will receive a commission for purchases made via those links. Rates for BlockFi product rates are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections. Cryptoassets are deposited into an account with Gemini, our primary custodian and a licensed depository trust.
For more information, please see BlockFi’s Terms of Service.
*All USD values are based on the current price available from Gemini
BlockFi, 201 Montgomery Street, Second Floor, Suite 263, Jersey City, NJ 07302, USA, 646-779-9688