• Home
  • Videos
    • Hindi Videos
    • English Videos
  • Cryptocurrency News
  • Price Tracker
  • ICO Tracker
  • Advertise
    • Press Release
    • Sponsored Post
    • Banner Ads
    • Third-Party Blogs
  • Contact Us
Crypto Dost
header ad banner
latest
  • Exchange
  • India
  • Press Release
CoinSwitch Kuber onboards Ranveer Singh as its brand ambassador
  • Exchange
  • India
  • Press Release
CoinSwitch Kuber raises $260 million in Series C funding from Coinbase Ventures and Andreessen Horowitz
  • Blockchain
  • India
  • Press Release
Hedera Launches Hedera India Hackathon 2021
  • Exchange
  • India
  • Press Release
OroPocket Introduces Auto-Invest Plan (AIP) with Tokenized GOLD & SILVER
  • Exchange
  • India
  • Press Release
CoinSwitch Kuber onboards 10 million users to become one of India’s largest crypto platforms
BlockFi Interest Account
  • Bitcoin
  • Ethereum
  • News

BlockFi Offers a Crypto Deposit Account with 6% Annual Interest

Shashank V March 6, 2019

Crypto lending company BlockFi has launched new cryptocurrency deposit accounts that offers 6% annual interest. The deposit account, called the BlockFi Interest Account (BIA), currently supports Bitcoin (BTC) and Ethereum (ETH) deposits. Users will get interest in the same cryptocurrency they origianlly deposited on the platform.

BlockFi will pay the interest on a monthly basis which also compounds, enabling users to earn an effective yield of 6.2% on their crypto deposits. The minimum deposit amount is 1 Bitcoin and/or 25 Ethereum. The company originally started with crypto-to-USD loans and are now expanding their services through the BIA.

What does BlockFi do with your BTC and ETH deposits?

According to BlockFi, the company generates interests on the assets by lending them to institutional and corporate borrowers. BlockFi lends crypto on over-collateralised terms to ensure loan performance. It also has the ability to terminate a borrow in a timely fashion and also maintains reserves for customer withdrawals from BIA.

Are the funds safe?

BlockFi will hold its crypto deposits with Gemini, which is one of the leading custody providers in the cryptocurrency space. Gemini had recently announced digital asset insurance coverage and the completion of its SOC 2 Type 1 security compliance review of its exchange and custodian platform.

In addition, BlockFi is backed by asset management firm Morgan Creek Digital which is founded by the charismatic crypto influencer Anthony Pompliano aka Pomp. This should boost confidence of investors depositing their hard earned cryptos into the platform.

Can Indian cryptocurrency investors deposit BTC and ETH on BIA?

Yes, Indian cryptocurrency investors can also deposit Bitcoin and Ethereum and earn interest on the platform. You can choose to sign up with our referral link: https://blockfi.com/?ref=ea40aac9

Please note that this article is not an endorsement for BlockFi, and is only meant for information purposes. Kindly do your own research before depositing your BTC and ETH on BlockFi.

(Image Credit: BlockFi Website)

Related posts:

CoinSwitch Kuber onboards Ranveer Singh as its brand ambassador
Asia’s largest virtual innovation conference mobilises over 8000+ global participants across 7 days
UNICEF launches Cryptocurrency Fund
Tags: Anthony Pompliano, BIA, BlockFi, BlockFi Interest Account, BTC, crypto lending, earn interest on Bitcoin, earn interest on Ethereum, ETH, Gemini, interest on cryptocurrencies, Morgan Creek Digital
Share this article:

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • English Videos
  • Ethereum
  • Events
  • Exchange
  • Hacks
  • Hindi Videos
  • India
  • News
  • Opinion
  • Press Release
  • Regulation
  • Scams
  • Token Sale

Become a Sponsor

Recent Posts

CoinSwitch Kuber onboards Ranveer Singh as its brand ambassador

October 8, 2021

CoinSwitch Kuber raises $260 million in Series C funding from Coinbase Ventures and Andreessen Horowitz

October 6, 2021

Hedera Launches Hedera India Hackathon 2021

September 28, 2021

OroPocket Introduces Auto-Invest Plan (AIP) with Tokenized GOLD & SILVER

September 10, 2021

CoinSwitch Kuber onboards 10 million users to become one of India’s largest crypto platforms

September 9, 2021

Tag Cloud

Bakkt Binance Binance Coin Bitbns Bitbns exchange Bitcoin Futures Bitcoin price blockchain BNB Changpeng Zhao Coinbase Coinbase Pro CoinDCX Cryptocurrency cryptocurrency India cryptocurrency in india Cryptocurrency market Crypto Kanoon CZ EOS ETH Ethereum Ethos Facebook Facebook coin Facebook cryptocurrency Koinex Koinex exchange Libra RBI RBI cryptocurrency RBI Cryptocurrency ban Ripple SEC Securities and Exchange Commission Stablecoin Subhash Chandra Garg Supreme Court Supreme court cryptocurrency Supreme Court on cryptocurrency Tron TRX WazirX XRP Zebpay

Place your Ad here

Archives

Disclaimer

Please keep in mind that all the information contained within this website is solely meant for educational and informational purposes. Any information obtained from this website should not be taken as investment advice, financial advice, legal advice or personal advice. Read more

Quick Links

  • About Us
  • Contact Us
  • Jobs
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer

Crypto Dost | Crypto News, Views and AnalysisFollow

Crypto Dost | Crypto News, Views and Analysis
TheCryptoDostCrypto Dost | Crypto News, Views and Analysis@TheCryptoDost·
2 Aug

Say what you will but I am super bullish on Coinbase!

Max Branzburg@maxbranzburg

The difference between what people think @coinbase is, and what it actually is, is jarring.

It’s like we’re watching the same movie, but folks keep leaving the theater and missing key scenes.

Scoot in so I can recap the scenes you missed:

Reply on Twitter 1554482400159465472Retweet on Twitter 1554482400159465472Like on Twitter 15544824001594654721Twitter 1554482400159465472
TheCryptoDostCrypto Dost | Crypto News, Views and Analysis@TheCryptoDost·
2 Aug

Perfectly sums up the state of affairs in India! 😆

Reply on Twitter 1554326121386491905Retweet on Twitter 1554326121386491905Like on Twitter 155432612138649190510Twitter 1554326121386491905
Load More...
@CryptoDost 2019 | All Rights Reserved.
  • bitcoinBitcoin(BTC)$23,031.00
  • ethereumEthereum(ETH)$1,686.28
  • bitcoin-cashBitcoin Cash(BCH)$140.73
  • rippleXRP(XRP)$0.373003
  • litecoinLitecoin(LTC)$60.71
  • cardanoCardano(ADA)$0.52
  • iotaIOTA(MIOTA)$0.350007
  • dashDash(DASH)$53.04
  • nemNEM(XEM)$0.051942
  • moneroMonero(XMR)$161.49
  • stellarStellar(XLM)$0.123080
  • eosEOS(EOS)$1.23
  • ethereum-classicEthereum Classic(ETC)$37.57
  • liskLisk(LSK)$1.22
  • tronTRON(TRX)$0.069756
  • neoNEO(NEO)$11.42
  • vechainVeChain(VET)$0.031216
  • qtumQtum(QTUM)$4.14
  • bitcoin-goldBitcoin Gold(BTG)$28.99
  • tetherTether(USDT)$1.00
  • omisegoOMG Network(OMG)$2.34