Blockfi no brainer choice?

Salesforce / Other
sdkt

Go to company page Salesforce Other

sdkt
May 8, 2021 15 Comments

Hello,
I have a simple question: if I keep by BTC in Coinbase, I am going to earn only the appreciation, if any. If I move the same amount in BTC in BlockFi, I am going to earn the appreciation + the compound monthly interest, so using BlockFi should be a no brainer.
Is it correct?
I read different versions online that BlockFi will give you the interest but the BTC will stay as in the starting date (so no appreciation), like you are lending 10 BTC and you will get back 10 BTC + interest.

#blockchain #bitcoin #crypto #blockfi

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TOP 15 Comments
  • Grab
    Einsteinba

    Go to company page Grab

    Einsteinba
    If anyone's looking for a Celsius network referral code, sign up with the referral code below to get $80 after you transfer $400 worth of any coin and hold for 30 days.

    Referral code

    https://celsiusnetwork.app.link/135983529f

    Now, verify your identity and click in Profile -> Promo Code, and write: BTC40

    The BTC40 Promo code will give $40 coins on depositing $400 and if you choose the referral code at the time of sign up you will get another $40 from the referral making it $80. Be careful! You only have 10 days to make the 400$ deposit.

    After 30 days, money can be withdraw with no fees whatsoever.

    I suggest using stable coins like USDC, because your balance should not go below $400 during the 30 days Promo time frame.

    I will add a tip that i missed while signing up for Celsius.

    Please do not buy coins from Celsius. I bought $200 USDC and it was showing $.2 in fees, but my account was debited with $17 fees(ACH transfer). It does not show network fees, until you submit. I never heard of Network fees for buying Crypto. Better to buy from Coinbase and then transfer to Celsius if you are going to transfer USDC. the network fees from coinbase varies from $3 to $8, so wait until you see lower network fees. Some people have recommended Kraken app as it has a fixed $2.5 fee, but i have not tried that.

    There is an app called celsius companion to get more codes. But unfortunately as of today, there are no promo codes except the first time transfer bonus of $40+$40 Referral.

    Let me know if you have a question.
    May 8, 2021 5
  • Google
    bitcoin

    Go to company page Google

    bitcoin
    BlockFi is crap compared to Celsius.

    Celsius rates are better and have better on ramp off ramp time.
    May 8, 2021 5
    • Google
      caffee

      Go to company page Google

      caffee
      How safe is it?
      May 9, 2021
    • Google
      bitcoin

      Go to company page Google

      bitcoin
      As always DYOR. If the company blows up, you lose your money.

      Learn about how they use your coins to make a profit (rehypothication). Watch their AMAs on YouTube. Learn about what their insurance covers.

      Machinsky CEO serial entrepreneur, multiple IPOs.

      They have better customer service than BlockFi. I’ve deposited and withdrawn over $5M total through multiple transactions. All without glitch.
      May 9, 2021
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