Alright folks notice the phrase “There are no fees …” There are fees when you withdraw so be careful of the fine prints, although there are no fees to invest and earn up to 8.6%, but beware that the withdrawal fees is not cheap with blockfi.com if you’re not sure then contact blockfi directly and ask them if you invest $1000 in a coin and within a month you earned $8 interest (assuming 8.6% yield), if you want to withdraw that $8 then how much is the withdrawal fees total? you will be surprise and probably thought you could do monthly withdrawal with no fees, errrr wrong!
Blockfi.com is legit no doubt, but make sure you read and understand the fine prints especially for large long term investments. Blockfi has been improving here and there but the popularity might get the federal government attention one day.
On Thursday, May 7, 2020, 03:19:50 PM EDT, BlockFi Product Updates <[email protected]> wrote:
We’re proud to introduce our new BlockFi mobile app. This simple, secure, all-in-one platform lets you earn interest on your crypto, borrow cash against your holdings, and build wealth from any mobile device.
Once you download the app, you’ll be able to:
Earn up to 8.6% APY – Make money on your crypto with a BlockFi Interest Account. There are no fees—just an 8.6% annual return on the most popular cryptocurrencies and USD-backed stablecoins, including Bitcoin, Ether, Litecoin, USDC, GUSD, and PAX.
Borrow Cash – Secure same-day loans that provide you with cash without having to liquidate your assets or trigger taxable events.*
Move Money – Fund your BlockFi account directly from your crypto wallet. Transfers are simple, quick, and secure.
What’s coming next?
We’re also actively working to add more features and functionality to our mobile app. Here’s what you can expect to see soon:
Trading Capabilities – Our upcoming Trade feature will allow you to seamlessly manage your cryptoassets and optimize your portfolio allocation. You’ll be able to exchange cryptocurrency pairs between BTC, ETH, LTC, USDC, GUSD, and PAX—all from a mobile device.
Easier Login – We’ll be introducing facial recognition to the login experience, allowing you to quickly access all the crypto services you need through a secure biometric scan.
Bank Transfers – Deposit and withdraw via bank wire and ACH.
Download the app today and take your crypto experience to the next level.
Download the BlockFi app
If you have additional questions, our team will be happy to help. You can call +1 646-779-9688 or email [email protected].
The BlockFi Team
Copyright © 2020. 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 products 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 or BitGo, our primary custodians and licensed depository trusts.
For more information, please see BlockFi’s Terms of Service.
All USD values are based on the current price available from Gemini.
*More information on loan processing times can be found here.
BlockFi, 201 Montgomery Street, Second Floor, Suite 263, Jersey City, NJ 07302, USA, 646-779-9688