BlockFi Staking
BlockFi staking allows you to earn staking rewards on BlockFi. Learn how to stake and earn staking rewards on BlockFi. In this article you will learn how to earn staking rewards and see the current BlockFi interest rates.
Staking On BlockFi
BlockFi is an American cryptocurrency exchange company that is unique in that there are no trading fees. Another benefit is that they allow 1 free crypto withdrawal and 1 free stablecoin withdrawal every month. You can continue to withdraw as required but you will now encounter fees if you’ve used your free withdrawal already.
- Earn up to a $10 sign up bonus when you use referral code: 3cbdcd2b at sign up.
BlockFi staking has a unique tiered interest earning system that will earn you better than average interest rates on your crypto.
Supported Cryptocurrencies
Not all cryptocurrencies can be staked to earn interest. Furthermore, even if a cryptocurrency can be staked, the exchange or wallet may not provide staking rewards for that cryptocurrency. BlockFi currently provides staking rewards on 13 different cryptocurrencies.
Bitcoin | Ethereum | Litecoin | Chainlink | USD Coin | Gemini Dollar | Paxos Standard | PAX Gold | Tether | Binance USD | Dai | Uniswap | Basic Attention Token
- Click the links for guides on how to stake the cryptocurrency.
How To Earn Staking Rewards On BlockFi
Earning interest on BlockFi is very simple because all you need to do is hold the crypto in a BlockFi Interest Account. There are no other steps necessary.
BlockFi is different from other cryptocurrency exchanges because of their tiered interest system. While other exchanges will have a flat interest rate on their crypto, BlockFi will provide you with a different effective interest rate depending on how much crypto you are holding.
- Note: As of February 14, 2022, United States residents can no longer create BlockFi Interest Accounts. Non-US customers and prospective customers are not affected by this.
BlockFi Interest Rates
| Currency | Amount ** | APY |
|---|---|---|
| BTC (Tier 1) | 0 – 0.10 BTC | 4.5% |
| BTC (Tier 2) | 0.10 – 0.35 BTC | 1.0% |
| BTC (Tier 3) | > 0.35 BTC | 0.1% |
| ETH (Tier 1) | 0 – 1.5 ETH | 5% |
| ETH (Tier 2) | 1.5 – 50 ETH | 1.5% |
| ETH (Tier 3) | > 50 ETH | 0.25% |
| LTC (Tier 1) | 0 – 20 LTC | 4.75% |
| LTC (Tier 2) | > 20 – 100 LTC | 1% |
| LTC (Tier 3) | > 100 LTC | 0.1% |
| LINK (Tier 1) | 0 – 100 LINK | 3.5% |
| LINK (Tier 2) | 100 – 500 LINK | 0.5% |
| LINK (Tier 3) | > 500 LINK | 0.1% |
| USDC (Tier 1) | 0 – 40,000 USDC | 9% |
| USDC (Tier 2) | > 40,000 USDC | 8% |
| GUSD (Tier 1) | 0 – 40,000 GUSD | 9% |
| GUSD (Tier 2) | > 40,000 GUSD | 8% |
| PAX (Tier 1) | 0 – 40,000 PAX | 9% |
| PAX (Tier 2) | > 40,000 PAX | 8% |
| PAXG (Tier 1) | 0 – 1.5 PAXG | 3.25% |
| PAXG (Tier 2) | 1.5 – 5 PAXG | 0.2% |
| PAXG (Tier 3) | > 5 PAXG | 0.1% |
| USDT (Tier 1) | 0 – 40,000 USDT | 9.5% |
| USDT (Tier 2) | > 40,000 USDT | 8.5% |
| BUSD (Tier 1) | 0 – 40,000 BUSD | 9% |
| BUSD (Tier 2) | > 40,000 BUSD | 8% |
| DAI (Tier 1) | 0 – 40,000 DAI | 9% |
| DAI (Tier 2) | > 40,000 DAI | 8% |
| UNI (Tier 1) | 0 – 100 | 3.25% |
| UNI (Tier 2) | 100 – 500 UNI | 0.2% |
| UNI (Tier 3) | > 500 UNI | 0.1% |
| BAT (Tier 1) | 0 – 4,000 BAT | 3.25% |
| BAT (Tier 2) | 4,000 – 20,000 BAT | 0.2% |
| BAT (Tier 3) | > 20,000 BAT | 0.1% |
Using Bitcoin as an example:
If you have 1 Bitcoin, this doesn’t mean that you will earn only 0.1%. It means that you will earn 4.5% interest on 0.10 BTC, 1% interest on 0.25 BTC, and 0.1% interest on the remaining 0.65 BTC.
BlockFi Credit Card
Want to earn some extra Bitcoin? BlockFi can provide you with a credit card that earns 1.5% Bitcoin back on every purchase when using your BlockFi credit card.
If you believe in crypto, this can be a very attractive alternative to regular credit cards that also provide cash back on purchases because if the price of Bitcoin goes up, that means the value of your earnings will also go up! If you believe Bitcoin will explode in price in the future, it’s better to get in early so you can earn more Bitcoin per dollar spent.
Final Thoughts
BlockFi is a good alternative to other popular exchanges because you can earn pretty good interest on crypto that normally doesn’t earn interest, such as Bitcoin. It’s especially more attractive if you don’t withdraw often since some of their crypto allows you to withdraw for free once a month.
If you believe in crypto, getting a BlockFi credit card early to earn Bitcoin back when purchasing items is very attractive and could end up being a big boost to your income if Bitcoin explodes.
Earn BlockFi staking rewards by staking on BlockFi. Check out the current BlockFi interest rates above. Visit Crypto Staking Rewards to learn how to stake crypto, earn staking rewards, cryptocurrency staking benefits, and where to find the best staking rewards.
