BlockFi lets users earn trade and earn up to 10% APY in crypto interests. The cryptocurrency app also allows users to borrow cash and hold crypto. Borrowing cash allows you to avoid liquidating your crypto assets. You even get paid to borrow money on BlockFi.
The platform also offers crypto bank accounts for traders. With their credit card, you can spend crypto at outlets and earn cashback on purchases. The company also has a BlockFi Bitcoin Trust, which suggests an investment vehicle. It also acts as a custody service for institutional clients who can save crypto on the platform, trade it, while borrowing and lending to other users.
Features:
- Android and web app.
- Fund the wallet via bank ACH, wire, or other crypto wallets.
- Borrow at a rate of 4.5% APR. Same business loans provided.
Fees: No trading fees on the exchange; only withdrawal fees charged depending on the cryptocurrency involved – 0.00075 BTC for Bitcoin, 0.02 for ETH, etc.