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BlockFi is for the intermediate to the advanced crypto trader looking for a one-stop shop for their cryptocurrency needs. It not only offers the ability to buy, sell, and trade crypto, but it also offers several products for crypto enthusiasts.
Holistic platform: BlockFi login provides users a centralized hub for the different financial services they would like to use ranging from taking out a loan, holding their cryptocurrency, or managing credit card expenditures using the BlockFi credit card.
Comprehensive help center: This tool shares unique use cases to use cryptocurrency and educates BlockFi’s users on how to use the platform.
Ability to earn interest on crypto: Users can earn up to 8% in interest by holding assets in a BlockFi interest account.1
Not beginner-friendly: The user interface may be confusing for some beginners.
No video explainers: Its resource center is limited to written case scenarios vs. providing video explainers, which can be useful for certain users.
Limited number of cryptocurrencies: BlockFi only supports 13 digital assets, while other exchanges may support hundreds.
BlockFi is a complete cryptocurrency ecosystem for advanced crypto traders. It has over 1 million verified users and over $10 billion in assets
Users of this platform may appreciate the range of products BlockFi offers. In addition to its crypto exchange, BlockFi offers low-interest loans, a crypto rewards credit card, and an interest-bearing account that lets you earn up to 8% APY.1
Investing in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs) is highly risky and speculative, and the markets can be extremely volatile. Consult with a qualified professional before making any financial decisions. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed.
Founded in 2017, BlockFi is currently headquartered in Jersey City, NJ. This company’s primary mission is to reimagine and expand access to banking resources in communities that traditional banking services hadn’t served. Since its founding, BlockFi has grown into a global company with over 800 employees.
BlockFi offers 13 digital assets available for purchase and several useful products. Overall, it could be a good option for advanced crypto traders.
There are 13 digital assets available on BlockFi, which is a low number compared with competitor exchanges. For instance, Coinbase and Kraken both offer over 100 digital assets. Here’s a partial list of assets BlockFi supports:
US Dollar Coin (USDC)
Gemini Dollar (GUSD)