What is BlockFi? How to Use BlockFi Review & Full Guide Of 2022

BlockFi offers a cryptocurrency wallet, trading,  cryptocurrency-backed loans, and a cryptocurrency-rewards credit card.  Non-US customers can earn interest on BlockFi Interest Account assets.

Borrowing against your cryptocurrency holdings is yet another perk  of using BlockFi. When money is tight, borrowing may be an option  instead of selling the assets. Because of this, you won’t have to worry  about selling in a weak economy. 

This article will explain what is BlockFi? How can BlockFi provide  loan services while still allowing you to earn interest on deposits.

BlockFi is a cryptocurrency custodian that lets its customers use  their cryptocurrencies as collateral for USD loans. Flori Marquez and  Zac Prince started it.

BlockFi started in August 2017 in Jersey City, New Jersey, where it is still based. Up to a Series C, the company has raised $158.7 million.

“We are in the very early stages of this market,” Prince told  Crunchbase. “Everyone is working together to grow the market and make it  available all over the world.”

“We’re lucky to be in a place where our business is growing quickly  because cryptocurrency is gaining popularity and making sense right  now.”