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BlockFi… Should You Use It? A Deep Dive!


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BlockFi… Should You Use It? A Deep Dive!

Date: 2020-11-11 17:36:25

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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.

If you like this video, please LIKE, SUBSCRIBE, and COMMENT below with what you want us to cover next!

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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

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