Best Bitcoin investment 2020 | BlockFi
Of course, It is no surprise bitcoin and cryptocurrencies have claimed the interest of investors. Investing in Bitcoin can be one of the best things to do with your bitcoin when you want to increase your bitcoin savings. While there is no single choice for the best bitcoin online investment websites that is best for every person. It’s important to be aware of your preferences – Lots of online brokerages, virtual trading websites and Cloud Mining investing sites would appreciate having you choose them. No matter what you’re looking to invest for the first time or you’ve been trading for a long time, this post can help you make smart financial decisions.
Here is the best bitcoin investment site on the web:
BlockFi is a crypto wealth management system that provides interest yields to investors who use BlockFi Interest Account to store their cryptocurrencies i.e. Bitcoin (BTC), Ether (ETH) and Gemini (GUSD). The Manhattan-based firm also offers crypto asset-backed US Dollar loans as a non-bank entity to crypto owners.
- How Does BlockFi Work?
BlockFi is similar to traditional banking in the sense that they are in the business of loaning money. In order to make loans, they need to have funds available to do so. By opening an account, and depositing your cryptocurrency, you are helping provide liquidity for the company to make loans.
- Which Cryptocurrencies Are Supported?
Bitcoin, Ethereum, and GUSD.
- How Much Interest Is Paid?
At the time of this writing…
Bitcoin earns 6.1% Interest
Ethereum earns 4.2% Interest
GUSD earns 8.6% interest.
- When Is Interest Paid?
Interest is paid to your account at the beginning of each month and compounds monthly.
- Are There Minimum Or Maximum Deposits?
There are no minimum or maximum deposits, however, interest rates do vary based on deposit size. Actually, the company wants to be a service for individuals and therefore offers higher interest rates if your account deposits are below a certain threshold.
- Are There Withdrawal Fees?
You are allowed 1 free withdrawal per month. Beyond that, there are small withdrawal fees.
- Are Withdrawals Instant?
Withdrawals generally happen within 2 business days.
Any questions don’t hesitate to ask here.