facebookWhat are the risks behind BlockFi Interest Account? - Seedly

Jiayee

Salaryman at some company

19 Jan 2021

βˆ™

Cryptocurrency

What are the risks behind BlockFi Interest Account?

I wasn't able to glean the list of risks from the website https://blockfi.com/earn-bitcoin. Hope to have some insight about this. Very likely to have stuff like currency risks but I haven't found where it actually states all these risks.

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Risk of losing everything if they made a bad loan to an institution who can't pay back what they borrowed or they get hacked/compromised etc

Beside Up to $250 signup bonus , it has $250 credit card bonus as well

https://blockfi.com/?ref=5f9f7e08

Rahul Wadhwa

19 Jan 2021

Student Ambassador 2020/21 at Seedly

Hi Jiayee,

A big downside is that there is no insurance coverage (FDIC/SIPC). Traditional deposit a...

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