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Does BlockFi have fees?

Kevin VoigtNov 15, 2021

Fees overview

BlockFi doesn't charge transaction fees for trading on its exchange. You'll pay fees to withdraw funds from your account more than twice per month. Also, you'll pay origination fees and interest on crypto-backed loans you borrow through the company.

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Beside above, how much interest does BlockFi?

With a BlockFi Interest Account (BIA), your cryptocurrency can earn up to 8.6% APY. Interest accrues daily and is paid monthly. There are no hidden fees, no minimum balances, and no reason to wait.

Similarly, has BlockFi been hacked? BlockFi Hacked Following SIM Swap Attack, But Says No Funds Lost. For just under 90 minutes last Thursday, hackers were able to compromise the systems of cryptocurrency lending platform BlockFi, and gain unauthorised access to users' names, email addresses, dates of birth, address and activity history.

Thereof, will BlockFi go public?

BlockFi, a company specializing in the lending and borrowing of digital assets, raised $350 million in March, giving the company a $3 billion evaluation. ... BlockFi's CEO, Zac Prince, told The Block that the company could go public as early as the second half of 2021.

Can you lose money on BlockFi?

Client Funds are Prioritized— BlockFi makes sure client funds are structured to be at the top of the capital stack even over BlockFi equity, and employee capital. This means if the worse case happens, BlockFi would take a loss before any client funds would take a hit.

Can I trust BlockFi?

BlockFi's cryptocurrency holdings are held by the Gemini Trust Company, which is regulated by the New York Department of Financial Services. It's available worldwide, outside of sanctioned or watch-listed countries. Allows for anytime withdrawals. However, it's worth noting users only get one free withdrawal per month.

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About The Author

Kevin Voigt

Kevin is an Entrepreneur, Digital Nomad, Student, and ICO Marketing Manager currently based in Berlin & Champaign. He is actively involved in the Blockchain space and has worked in numerous projects in the Silicon Valley since 2017. His interests revolve around Finance, Consulting, and Blockchain Research.

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