How Does BlockFi Work?

how does blockfi work

BlockFi.com is an emerging major player in the cryptocurrency space. They offer a variety of tools and services to investors, users, clients, borrowers, and institutional partners.

BlockFi has four main offerings:

  • Earn interest on your Bitcoin or other stablecoin or crypt holdings. Basically you are lending out your cryto into the BlockFi platform and earn a yield on it in return. You are the bank.
  • Borrow against your crypto. Have some Bitcoin but don’t want to sell it and deal with tax issues? maybe a loan against that Bitcoin makes sense for you.
  • Trade cryptos instantly
  • A soon to arrive BlockFi rewards credit card

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