What is BlockFi (BlockFi)?

BlockFi is a digital asset lender founded in 2017. It is based in Jersey City, New Jersey. [1] [2] It was once valued at $3 billion. [3] In July 2022, it was announced that the cryptocurrency exchange FTX made a deal with an option to buy BlockFi for up to $240 million. The deal included a $400 million credit facility for the company. [4] [5]

How can I buy USDC with BlockFi?

What you could do is, you can buy a stable coin like USDC from an exchange like Binance or Gemini, and deposit the same to BlockFi, and start earning more interest than a typical bank account. Update: You can also directly wire the amount to BlockFi Wire purchases, which has a minimum limit of $10 only to fund your BlockFi account directly.

What is a BlockFi interest account (BIA)?

With a BlockFi Interest Account (BIA), your cryptocurrency can earn up to 7.5% APY. Interest accrues daily and is paid monthly. There are no hidden fees, no minimum balances, and no reason to wait. This calculator is indicative and for informational purposes only and is not a guarantee of actual interest that may be earned.

What is achach and how does it work with BlockFi?

ACH is one of the most common and easy-to-use payment methods used by US financial institutions. And for BlockFi, that means easy, convenient, and completely free transfers for eligible clients.