Is BlockFi worldwide?

BlockFi is a cryptocurrency exchange and wallet that serves individuals and businesses worldwide. It offers an interest-earning account, portfolio-backed loans, and fee-free trading.

Where is BlockFi available?

As of 2019, BlockFi’s loans are available in 47 states in the U.S, and the interest accounts are available to anyone worldwide, except for 3 states as well as in any country sanctioned by the U.S., the U.K. or EU.

Is BlockFi legitimate?

Yes, BlockFi is legit and it is available to investors worldwide. You can withdraw your assets at any point, just keep in mind that you can make only 1 free withdrawal per month. The funds at BlockFi are held by the Gemini Trust company, which in turn is regulated by the New York Department of Financial Services.

Can you get BlockFi in UK?

Loans: Borrow Against your Crypto Assets BlockFi is not yet licensed to offer loans to residents in certain jurisdictions, which include the UK. However, they state that they are working hard to make this available for their clients. Once you’ve got enough collateral, you’ll also need to pay interest on that loan.

Can I use BlockFi outside US?

The BlockFi Interest Account is available to clients worldwide, with a few exceptions. For example, due to legal restrictions, BIA is not available to users located in sanctioned or watchlist countries.

Is BlockFi backed by a bank?

BlockFi is not a bank (technically, it’s a secured non-bank lender), but it makes money like one. It’s able to offer 8.6\% APY on stablecoin deposits and 6\% on BTC not as an introductory offer, but because it is able to make a lot more than that on its loans.

Can I use BlockFi in UK?

Yes, UK residents can use BlockFi. As a UK resident you can now also get a credit card that gives you 1.5\% cashback paid in Bitcoin. If you are in UK the smoothest way is deposit GBP to an exchange (Binance, Kraken etc…), then exchange to a crypto/stablecoin supported by BlockFi and then transfer the funds to BlockFi.

What is better than BlockFi?

Celsius has a strong advantage over BlockFi in regards to interest rates, payouts, and withdrawals. Celsius offers higher rates for its stablecoin interest account across the board, has better tiers and rates for Bitcoin and Ethereum.