What APY / APR does BlockFi offer?

The BlockFi rates shown in the table above are in APY (Annual Percentage Yield), unless otherwise specified. APY takes into account compound interest, whereas APR (Annual Percentage Rate) does not.

How does BlockFi interest work?

BlockFi Interest Account clients can earn interest in crypto. Paid out at the beginning of every month, the crypto interest earned by account holders compounds, increasing the Annual Percentage Yield (APY)* for our clients. BlockFi uses a tiered Interest Structure. Click here to learn how our tiers work. Rates are effective August 1, 2022.

What happened to BlockFi?

As of November 28, 2022, BlockFi officially declared bankruptcy. BlockFi is a cryptocurrency exchange and platform that offers a crypto wallet, crypto trading, crypto-backed loans, and a crypto rewards credit card. Non-US customers can also open a BlockFi Interest Account and earn interest on their assets.

What is a BlockFi credit card?

With the BlockFi credit card, you get unlimited 1.5% crypto back for every purchase that you make. You can earn up to $750 or more in bitcoin rewards. Each card has a USD limit. You get instant crypto back on your purchases, deposited directly into your BlockFi account. You start to accrue interest on these rewards too.