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If you want a safe way to earn compound interest on your Bitcoin, Ether, Litecoin, USDC and GUSD, BlockDI Interest Account (BIA) could be the solution for you.
By storing your crypto at BlockFi you get interest paid out in Bitcoin, Ether, Litcoin, USD Coin and Gemini Dollar monthly.
How the Interest Account works, is that instead of holding your digital assets on exchange on in a cold storage for long-term safe keeping. You let your investment holding grow. After getting your account started and putting in some your assets, you will get paid out at the beginning of every month.
How to sign up for a BlockFi Interest Account
Visit Blockfi to begin. Once you input your contact information, you’ll be asked to go through BlockFi’s KYC process. After that’s completed, you will receive a notification from BlockFi via email to confirm your new crypto interest-earning account.
Once you login to the account, navigate to the Earn Interest tab. There, you will be able to view the available deposit collateral types and the amount of collateral deposited. After clicking “Deposit,” you will be presented with a unique wallet address, hosted by our institutional custodians.
If you have any questions about the BlockFi Interest Account or crypto-backed loans, feel free to reach out to there team at [email protected].