So far blockfi.com have been working well. The initial deposit of USDC I had $900 are earning me daily interest and at the end of each month the interest transferred to the balance like compounding and I earn more interest.
blockfi.com appears to be working hard with promotion to get more customers by offering various promotion from time to time, the latest is this “Get a crypto bonus of up to $2,500 with a new loan” below message. So far with a quick research, to earn $2500 extra bonus you would need to loan $100k, a minimum of $10k to qualify but that $10k will only earn you $250 bonus not $2500.
Like any investment, especially Cryptos do not invest in money you cannot afford to loose. Lately on the news, from forbes news article wrote about one Robinhood customer committed suicide due to the leverage trading he was able to take to make trade and ended up with a negative balance of over $700,000
On Wednesday, June 17, 2020, 03:18:06 PM EDT, BlockFi <[email protected]> wrote:
Did you know you can borrow money against your cryptoassets without having to sell them off? A BlockFi loan is a fast, secure, and easy way to access up to 50% of your crypto’s value. There are no prepayment fees and you can make interest-only payments for 12 months.
Plus, we’re offering a crypto bonus of up to $2,500 and a reduced origination fee of only 1% for eligible borrowers.
Here’s how it works:
Apply for a new loan of $10,000 or more between June 17 and June 30, 2020.
Deposit the required collateral and receive your loan funding the same business day. Learn more about loan processing times here.
Get bonus crypto–up to $2,500, depending on loan size. The bonus will be deposited into your BlockFi Interest Account (BIA) in the same currency as posted collateral.
There’s no better time to borrow. Eligibility and promotion terms can be found here.
APPLY FOR A LOAN
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.
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BlockFi Trading LLC NMLS ID#1873737 | NMLS Consumer Access
BlockFi, 201 Montgomery Street, Second Floor, Suite 263, Jersey City, NJ 07302, USA, 646-779-9688