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Instead of holding your bitcoin in your wallet, invest them for interest. After that, you're fee-free and can cash out at any time. Cash out to your wallet Invest your coins with our Interest Account and cash out whenever you like. All transfers from your Interest Account go directly to your non-custodial wallet — where you keep the private keys.
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Compound interest has been available in traditional finance for centuries. A BlockFi Interest Account lets you earn compound interest on any cryptocurrency you keep in your account. So instead of just sitting there collecting virtual dust while you wait for the right time to sell, your cryptocurrency actually makes you more cryptocurrency. And the current interest rates are pretty impressive.
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He has provided education to individual traders and investors for over 20 years. Article Reviewed on October 10, Gordon Scott Updated October 10, Bitcoin was designed with the intent of becoming an international currency to replace government-issued fiat currencies. Could you and should you invest in bitcoin? You can, and it depends on your appetite for risk.
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Crypto-backed loans allow you to access liquidity without selling. We fund same day through wire or stablecoin. BlockFi clients use crypto-backed loans to do anything from paying off credit card debt to buying a home. Businesses turn to BlockFi to help them with payroll financing and business expansion.
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Investments are subject to market risk, including the loss of principal. How to Invest in Bitcoins and Where to Buy The difficulty of buying bitcoins depends on your country. Developed countries have more options and more liquidity. Coinbase's home page Find a Bitcoin Exchange How to Secure Bitcoins As with anything valuable, hackers, thieves, and scammers will all be after your bitcoins, so securing your bitcoins is necessary.
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