BlockFI / Buy, Borrow & Earn Rewards with Crypto

  • BlockFi offers interest-earning accounts, low-cost crypto-backed loans secured, and fee-free trading of popular cryptocurrencies.

BlockFi is no longer available. The company was dissolved during bankruptcy proceedings.


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BlockFi is a crypto platform to manage, borrow, and earn returns with your cryptocurrency holdings. 

BlockFi is no longer available. The company was dissolved during bankruptcy proceedings.

What is BlockFi?

BlockFi is a cryptocurrency exchange offering interest-bearing accounts and low-interest-rate loans in all 50 US states. You get zero transaction fees and no minimum balance requirements, along with transparency.

Join the over 1 million verified clients and 350 global institutions.

Zac Prince and Flori Marquez founded BlockFi in 2017. It sets itself apart from other cryptocurrency asset service providers by pairing market-leading rates with institutional-quality benefits.

The company is the only independent lender with institutional backing including SoFi, Galaxy Digital, Akuna Capital, Fidelity, CMT Digital, Morgan Creek Capital Management, Winklevoss Capital, and Coinbase Ventures.

What is Cryptocurrency?

Cryptocurrency is a digital currency that uses cryptography for security. Currently, many treat crypto as a crypto asset.

How does BlockFi work?

BlockFi offerings include interest-earning accounts, low-cost crypto-backed loans secured, and fee-free trading of popular cryptocurrencies. Similar to how you may use a bank for fiat currency, BlockFi is for cryptocurrency.

Through the platform, you can:

  • Buy and sell a variety of cryptocurrencies like Bitcoin and Ethereum.
  • Earn interest in your crypto holdings.
  • Borrow against your portfolio instead of selling your crypto holding.

It’s crucial to understand crypto trading involves the risk of loss. It’s not suitable for every investor. Volatility can drastically affect crypto prices. As a result, you may lose all of your original investments.

Open an account today and get a bonus.


Features & Benefits

BlockFi can help you diversify investments and earn interest on crypto balances.

  • Trading: Buy, sell, or exchange various cryptocurrencies at competitive prices and start earning interest the moment your trade is placed.
  • Interest Account: Earn up to 8.25% APY. Interest accrues daily and is paid monthly. There are no hidden fees, no minimum balances.
  • Crypto-backed Loans: Borrow funds against your crypto assets, so you can get a loan while continuing to hold.
  • Credit: Bitcoin Rewards Credit Card lets you earn an unlimited 1.5% back in Bitcoin on every purchase.

The Federal Deposit Insurance Corporation (FDIC) does not cover digital assets like your crypto holdings, so your deposits have no insurance.

Minimum Requirements

  • Be 18 years or older.
  • Social security number.
  • Valid phone number.
  • Valid government-issued photo ID.
  • Real-time selfie photo.


  • No commission fees.
  • No monthly payments or minimum deposits.
  • Interest account withdrawal limits and withdrawal fees apply.

Who is it best for?

BlockFi is best for people who are interested in using cryptocurrencies similar to fiat currencies. If you’re looking to earn a competitive interest rate, borrow against your digital asset, and want to crypto back from a Bitcoin Rewards credit card, then it’s a great option to consider.

BlockFi Review

BlockFi Review

In our BlockFi review of its products, they distinguish themselves from other crypto exchanges. Like using a bank for fiat currencies (US dollar), BlockFi uses cryptocurrencies instead to offer financial products for your everyday needs. 

BlockFi is a legit company and not a scam. It also has a 3.9 out of 5 rating on Trustpilot as of review time.

You can get started with BlockFi here.


  • US-based and regulated
  • Enjoy instant transactions
  • Immediate interest accrual
  • Crypto-backed loan without selling digital assets


  • Only one free crypto or stablecoin withdrawal per month
  • No custodial accounts

Additional Information

BlockFi offers institutional services and works with investment funds, market makers, and other crypto-based businesses. Gemini is the company’s primary custodian and is a licensed NY trust company subject to cyber security regulations. Gemini stores 95% of assets in cold storage and 5% in hot wallets.

24/7 customer service is available with the AI-powered chat assistant or request to speak with a client service specialist.

How to Start a BlockFi Account

The time needed: 3 minutes.

Step-by-step to open a BlockFi Trading

  1. Get started
    • Create an account by clicking on the link here.
  2. Enter the following information
    • Legal first and last name, email address, and referral code.
  3. Submit your application
    • Verify your email and personal information.
  4. Transfer funds 
    • Deposit funds into your new account using cryptocurrency, bank transfer, or stablecoin like USD Coin.

Want more options? Check out the best 5 crypto exchanges list.

Additional information

Investments Available


Minimum Deposit



No Minimum Fees, No Trading Fees

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