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Are there any fees associated with a BlockFi interest account?

avatarjustanicoleDec 17, 2021 · 3 years ago3 answers

Can you please provide more information about the fees associated with a BlockFi interest account? I want to know if there are any fees that I need to consider before opening an account.

Are there any fees associated with a BlockFi interest account?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees associated with a BlockFi interest account. BlockFi charges an origination fee of 2% on loans and a withdrawal fee of 0.0025 BTC for Bitcoin and 0.0015 ETH for Ethereum. These fees are deducted from the loan or withdrawal amount. It's important to review the fee structure before using BlockFi to ensure you understand the costs involved.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! BlockFi interest accounts do have fees. They charge an origination fee of 2% on loans and a withdrawal fee of 0.0025 BTC for Bitcoin and 0.0015 ETH for Ethereum. These fees are deducted from the loan or withdrawal amount. Make sure to factor in these fees when considering opening an account with BlockFi.
  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees associated with a BlockFi interest account. BlockFi charges an origination fee of 2% on loans and a withdrawal fee of 0.0025 BTC for Bitcoin and 0.0015 ETH for Ethereum. These fees are deducted from the loan or withdrawal amount. However, it's important to note that the interest earned on your account can help offset these fees, making BlockFi still a viable option for earning passive income on your crypto holdings.