You can buy bitcoin or any stable coin for investment if you don't have it.
If you already have bitcoin or other stable coins, you can transfer the Bitcoin into your account and start earning interest right away.
Below is the Best Platform to invest and earn interest monthly.
1. BlockFi
BlockFi is a cryptocurrency investment website that provides crypto savings accounts and also allows you to lend and earn interest on your lending or holdings.
It was founded by Flori Marquez and Zac Prince in August 2017.
BlockFi is located in New Jersey, U.S.A and it's trusted by over 1M+ verified clients and 350 global institutions to manage over $10b in assets.
According to Yahoo Finance " BlockFi crypto credit cardholders are getting a better deal than expected...…."
LEADERSHIP TEAM
BlockFi is very transparent so they have published their leaders on their website to let users or customers know them. I like this act by BlockFi because it is the right of the investors to know those behind the company managing their funds.
As at 4th February 2022, BlockFi’s leadership team include
- Zac Prince: CEO and founder
- Flori Marquez: Founder and SVP of operations
- Yuri Muslkin: Chief Rank Officer
- Jonathan Mayers: General Counsel
- Adam Healy: Chief Security Officer
- Laura Cooper: Chief People Officer
- Tony Lauro : Chief Financial Officer
- David Spack : Chief Compliance Officer
- Amit Cheela : SVP of Finance
- Andrew Tam : Chief Marketing Officer
- Shannon Allmon : GM of Retail Products
- Deborah Barta : Chief Operating Officer
- Alex Grigoryan : Chief Technology Officer
Benefits for Investing with BlockFi
- Fees : No commission and fees to be paid.
- Location : BlockFi is based in U.S.A and it’s regulated.
- Interest Account : You earn interest daily on your cryptocurrency or bitcoin and it is paid monthly. Interest could be earned up to 9% APY.
- Who can Join? It's available to people worldwide and most U.S States with few exceptions to watchlist countries. Join now.
- Trade : You can exchange currencies or trade currencies.
- Coins :BlockFi offers these cryptocurrencies (BTC,ETH,LTC,USDC, and GUSD) on teir platforms.
- Security: BlockFi stores its crypto assets in cold storage. Cold Storage refers to crypto asset that are stored offline, making it more secure.
BlockFi is backed by prominent investors including Valar Ventures, Galaxy Digital, Fidelity, Akuna Capital, Sofi, PJC, Arrington Capital, Avon Ventures, Castle Island, Consensys, Kenetic etc
This company buys SEC-regulated futures investment regulated by the U.S Government.
- Insurance: Digital asset insurance provided by Gemini protect users against the loss of cryptocurrency related to security breaches, fraudulent transfers or employee theft. Crypto Assets of BlockFi are being managed by its institutional partner, Gemini.
Gemini Trust Company, LLC, is a New York trust company regulated by the New York State Department of financial services.
- Withdrawal: Deposit and withdraw anytime. Note: If you want to make deposit and get the free $10 USD promo package, you have to allow your deposit to be in your BlockFi account for 30 days before you can get the bonus.
It is very important to note that BlockFi offers one free withdrawal per month for BTC, LTC, GUSD, USDC, BUSD, PAX, DAI and USDT. Making withdrawals more than one in a month attract fees or charges
- Promo Bonuses : If you use this promotional code : 8d6f80a4 to register and deposit $100 USD and keep the money in your saving account or BlockFi wallet for 30 days, you will get free $10 USD in addition to the interest earned within that period.
- Customer Service: Good customer care and messages can be communicated through Phone 1-646-779-9688 and E-Mail: support@blockfi.com
- Log into your e-mail inbox to confirm your e-mail address after creating an account or registering.
- Log into your BlockFi Account and choose “Individual” if you are investing for an individual.
- Fill the spaces with your information: Country name, Street Address etc
- Click on continue to fill other personal information until you reach “Complete Identity Verification.”
- Click on “Complete Identity Verification.”
- Click on “Begin Verifying.”
- Choose your country and click on “Select.”
- Choose the Government ID or document you want to use for verification. You can use either National ID Card, Passport or Driving License as identity document during verification.
- Warning: Please, don’t choose “Upload a Photo.” Scanned or copied ID or documents will be rejected by the system.
- Hold your National Identity Card and capture the front with your Phone Camera in a good day light (not in darkness). Remember, the background of the picture is not important so don't worry about it.
- Click on “Retake Photo” if it is not good.
- On the next page, Click on the “Camera Icon” in the blue button or box.
- Hold your National Identity Card and use your phone to take picture of the back of your National Identity Card. Remember, the background of the picture is not important so don't worry about it.
- Click on “Use this Photo” if it’s clear..
- Click on “Retake Photo” if it is not good. Now, the system will upload your documents
- On the next page, click on “Get Started” to start face verification.
- Look on your phone, Centre your head in the circle, and move your head slightly right in a good day light.
- Continue moving your head right and in the Centre of the circle until it gets verified.
BlockFi will use 1-2 business or working days to review your documents and approve your account.
Note: Any update on the verification will be sent to you through the e-mail you used for registration. Therefore, you must keep on checking your e-mail inbox within the 1-2 business or working days.
Should I use or invest with BlockFi?
- BlockFi is best for borrowing bitcoin or any crypto.
- It is also best for earning interest daily on cryptocurrency. As at now, BlockFi offers 9% APY interest on this stable coin, Tether (USDT) which is good to buy and invest for interest.
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