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BlockFi… Should You Use It? A Deep Dive!
Date: 2020-11-11 17:36:25
BlockFi is super hot and a lot of people have been asking us to cover/review this crypto interest account platform. BlockFi offers industry leading APY (yield/interest) on Bitcoin deposits and other crypto coins like stablecoins. It uses Gemini as a custodian, goes through strict KYC protocols, and is backed by some of the biggest investors in the crypto space. In this video I will cover how BlockFi compares to other crypto banks, what its current rates are and how those are adjusted/changed over time, and various nuanced pros and cons when it comes to the platform in general.
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Timestamps:
Intro: 0:00
What is BlockFi: 0:53
How does it work: 1:43
Current APY rates: 2:24
Major competitors: 3:21
Notable differences: 4:13
Pros & Benefits: 5:13
Cons & Negatives: 7:00
Should you use BlockFi: 8:53
#BlockFi #Bitcoin #InterestAccount
