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How interest is calculated? : blockfi - reddit
Interest! Thank you Blockfi for today's free interest payment :) USDC (8.6% APY), GUSD (8.6%), and BTC (6%) all flexed for collecting interest paid in BTC which can potentially increase 50% in value over 2021. YES! I really wish BlockFi would let me pick interest per currency. My USDC I’d prefer to earn USDC on.
Hey u/tennisballls!Your BTC will earn interest with the BTC rates and your ETH will earn interest with the ETH rates. If you elect to have all your interest earned in BTC through our Flex option, the conversion happens at the end of the month and is only subject to a ~1% administration fee for the currency that is being converted (in this case ETH > BTC).
The rates are for your reference only. To obtain our latest rates, please call 1800-MAYBANK (1800-629 2265) or (65) 6533 5229 (Overseas).
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I could be earning interest on my capital compounding at 3.2% - 8.6% depending on my holdings. How can BlockFi afford to pay those rates? They take your deposits, and they lend them out at higher rates. So in order for you to earn interest, someone, somewhere, has to say "yes" to a crypto loan with an interest rate of at least 8.7%. How stable .
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Interest! : blockfi - reddit.com
I believe when users purchase on a recurring basis (daily, weekly, etc.), as well as for interest payments, users get front run by the platform and end up with horrible pricing. Blockfi does not tell you what time of day your purchase price will be based on, they give like a 12 hour range. In crypto, that price can easily fluctuate 10% in a day.
Should I use BlockFi interest account instead of . - reddit
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My USDC position held on BlockFi is almost functioning like Bonds used to; a bit of a shelter from the storm. Not the ideal situation having such a significant sell-off, but better than the alternative when you have some protection.
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BlockFi - reddit
I'm a Private Client with BlockFi and have $8m on BlockFi along with a 300-500k Loan. Feel free to ask me [almost] anything, and I'll answer it to the best of my ability. I am forecasting $27k interest this month at current values. I am NOT an investor, I am NOT an employee, and I am NOT officially associated with BlockFi outside of as a customer.
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The reported interest rate for all of these services, including BlockFi is given in APY, not APR. APY differs from APR in that it already takes into account the compounding. APY tells you the exact amount you will make in a year including the compounding.
Blockfi Interest Rate Changes : blockfi - reddit.com
AMAA: 100k Interest User : blockfi - reddit
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BlockFi is the easiest place to buy, sell and earn cryptocurrency. Sign up and start earning today. Phone support is available for all of our clients who are looking to speak to a Client Service Representative. We may be reached at +1-646-779-9688.
r/blockfi - Does blockfi plan to raise Chainlink interest .
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USDC interest too good to be true? : blockfi
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