Cryptocurrency wallet BlockFi has recently updated its platform. It helps users to better monetize their coins by allowing them to earn up to 8.6% in interest per year.
Cedar Rapids, United States - July 8, 2021 /PressCable/ —
BlockFi, a cryptocurrency wallet, announces the launch of its updated service. This platform allows people to put their coins in an account that earns an annual interest rate (APY) of up to 8.6%.
More information about BlockFi is available via https://blockfi.mxuy67.net/c/2623833/684369/10568
This newly launched service enables cryptocurrency buyers to better monetize their investments by generating passive income through interest earnings. To further incentivize registration to its platform, BlockFi offers up to $250 in bonuses to first-time users.
Cryptocurrency has been hailed as a revolution in the financing sector due to its radical transparency and low transaction fees. However, most people who wish to invest in it do not know where to start.
BlockFi acts as a digital wallet where people can store their assets, facilitate transactions, and earn interest on their coins. Users can buy all of the major cryptocurrencies on the market, including Bitcoin, Etherium, Litecoin, PAX Gold, USD Coin Price, and Gemini Dollar.
People simply need to wire money to their BlockFI account, after which they can begin purchasing their desired currencies. Unlike other wallets, there is no minimum maintaining balance when opening an account.
BlockFi can also be used to take out crypto-backed loans; more specifically, users can borrow up to 50% of their assets’ value. Since the coins need not be sold to access financing, a person’s cryptocurrency investment still has a chance to earn interest.
Likewise, the wallet can be used to quickly trade one cryptocurrency for another. Hence, investors can take advantage of the price fluctuations in the market to maximize their earnings.
BlockFi is a leading digital wallet that aims to mainstream the investing and buying of cryptocurrencies. It is backed by prestigious investors such as Winklevoss Capital, Valar, Morgan Creek Capital Management, Coinbase Ventures, and Galaxy Digital.
A spokesperson says: “The BlockFi Interest Account (BIA) lets you put your crypto to work and earn monthly interest payments in the asset-type that you deposit with BlockFi. It’s quick and easy, making this platform ideal for new investors like you.”
Interested parties may visit https://blockfi.mxuy67.net/c/2623833/684369/10568 if they need further details about the platform and its features.
Contact Info:
Name: Karamoko Hubbard
Email: Send Email
Organization: Passfind LLC
Address: 5249 North Park Place NE, #206, Cedar Rapids, Iowa 52402, United States
Phone: +1-877-395-2064
Source: PressCable
Release ID: 89034367
