Here's How To Earn Bitcoin Fast & Free On BlockFi

What originally started as an alternative way to make payments, crypto is now a booming industry, which continues to grow every day.

It has grown so big that the latest statistics estimate that around 27 million people or 8.3% of America’s total population own cryptocurrency. As the industry grows, more companies have gone public to capitalize on the momentum and gain a wider audience.

While most crypto exchanges operate for retail and institutional clients, BlockFi stands out for its unique approach: by letting you earn Bitcoin fast and free.

What’s BlockFi?

Founded in 2017, BlockFi is a young but experienced New York-based company operating in the crypto space. Built and backed by a solid team of engineers and software experts with years of experience in traditional financial services, BlockFi aims to be a one-stop shop for crypto management, leveraging and storage.

Offering an excellent range of products like its famous interest-bearing accounts, consumer cryptocurrency loans and its cryptocurrency trading platform, BlockFi offers simple and easy registration and is great for beginners to those with a moderate level of proficiency in digital assets. It merely requires minimal crypto literacy as the platform has started offering direct ACH deposits.

In operating as a cryptocurrency custodian, BlockFi is also feature-packed and users can expect:

• Investment options
• Instant trades on your cryptos
• Eight different cryptocurrencies
• User-friendly interface
• Loan services

There are also no commission fees, minimum deposits or maintaining balance. BlockFi is well-known for its “no hidden fees” policy. It also does not charge any fees for trading either crypto or stablecoin, making it one of the most accessible cryptocurrency exchanges operating today.

What sets the platform apart is the BlockFi interest rates, which you can get from the BlockFi interest account.

How to Earn Bitcoin Free

When it comes to investing in crypto and growing your portfolio, the only real option for the longest time was to buy assets, hold onto them until prices go up then sell. While this strategy is effective, plenty of altcoins just end up going down because of market saturation.

Now, there is a smarter investment strategy, thanks to BlockFi’s interest account. This allows you to put your crypto holdings to work and earn compound interest.

The world’s first compound interest cryptocurrency savings account, the BlockFi interest account lets your initial investment grow over time at an increasing rate, as opposed to simply holding on to it while you wait for the right time to sell.

The rates are also some of the most impressive in the market, letting your earn as much as:

• 6% annual interest on Bitcoin deposits up to 5 BTC
• 3.2% annual interest on Bitcoin deposits over 5 BTC
• 4.5% annual interest on any Ethereum deposit
• 3.8% annual interest on all Litecoin deposits
• 8.6% annual interest on all Gemini dollar deposits
• 8.6% annual interest on all USDC dollar deposits

As Gemini and USDC are stablecoins, their value is permanently tied to the U.S. dollar. This makes Gemini and USDC deposits on your account get you some of the highest interest rates that traditional banks would never be able to offer.

Aside from BlockFi’s fantastic interest rates, users can also now apply for the BlockFi cryptocurrency credit card, which let you earn a flat 1.5% back in Bitcoin on every purchase you make, after earning 3.5% back for the first 90 days after opening your account.

Incentivizing users to spend U.S. dollars to earn free Bitcoin, the credit card rewards you with 1.5x BlockFi crypto reward points per $1 spent on the card. If you manage to spend more than $50,000 in 12 months, you will earn 2x points per dollar after that. Once the points have been deposited, these will be automatically converted into Bitcoin.

The card also lets you earn additional rewards from crypto, like a 2% APY bonus in rewards on stablecoin holdings, up to $200. For each person you refer, you can also earn $30 in Bitcoin.

Conclusion

When it comes to earning crypto, there’s no better way to do it than with BlockFi. In addition to its great features, the platform boasts some of the most competitive interest rates in the crypto industry, letting you earn free Bitcoin just by using it.

If you’re a beginner in crypto, then you’d be pleased to know that with BlockFi, risks are low and the payoff is high. To learn more about BlockFi and how you can start earning interest in crypto, click here.