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block_admin 17 September, 2020 Use Cases Auto Loan – Buying a Car   For many crypto investors, a question often asked is, ‘when lambo?’ While Lamborghinis aren’t a practical option for most of us, many Bitcoin (BTC), Ether (ETH), and Litecoin (LTC) holders do use their crypto earnings towards an auto loan for car financing. There’sRead more

Auto Loan – Buying a Car

  For many crypto investors, a question often asked is, ‘when lambo?’ While Lamborghinis aren’t a practical option for most of us, many Bitcoin (BTC), Ether (ETH), and Litecoin (LTC) holders do use their crypto earnings towards an auto loan for car financing. There’s now an option if you’re interested in buying a new car orRead more

Home Loans: Bitcoin Crypto Loans for Real Estate

  Home loans are the catalyst use-case for BlockFi and we are proud to be helping our clients looking to diversify their investments, upgrade their property, or purchase their first home. For crypto asset holders, leveraging your Bitcoin (BTC), Ether (ETH), or Litecoin (LTC) is a great way to put money towards a home without having to sell. BackRead more

How does a Litecoin Loan Work?

  Litecoin (LTC) was originally developed as a more payments-friendly version of Bitcoin. Unlike its predecessor, LTC tends to support a higher volume of transactions at lower fees. As a result, Litecoin is a great solution for merchants looking to accept cryptocurrency as payment. Sitting in the top 10 cryptocurrencies by market cap, Litecoin is one ofRead more

Reasons to Get an Ether Loan

  Ethereum (also known as Ether or ETH) is the second largest cryptocurrency on the market. The Ethereum network has also created countless tokens that live on its blockchain. Whether you consider these utility tokens or stores of value, the crypto ecosystem requires real-world use-cases to continue growing. By offering services that people understand fromRead more

How to Payoff or Refinance Your Crypto Loan

  Domestic Clients Types of Paybacks:  Partial Payback: You can pay back a portion of your loan at any time. This will reduce the amount of interest you pay on a monthly basis.  Full Payoff: You can pay off your entire loan balance at any time. For loans with monthly payments, you will only payRead more

How Does a Bitcoin Loan Work?

  One of the major use cases for Bitcoin (BTC) is its store of value. Whether you consider Bitcoin an asset or a form of money, one thing that remains true is that the crypto ecosystem looks to Bitcoin to pave the road for bringing crypto to the rest of the world. The best wayRead more

Will a Crypto Loan Affect my Credit Score?

  How does a credit score work? Credit scores capture the likelihood that a you will repay debt. A good credit score (typically a FICO score of 700 and above) indicates that you probably make all of your monthly payments and carry a $0 balance. To qualify for the best mortgage interest rates, you wantRead more

What Happens if I Do an Early Loan Repayment?

  BlockFi clients will sometimes pay off their crypto loans early. This is called prepayment. Some clients decide to do this when another investment opportunity comes up or when the loan is no longer needed. Additionally, once your loan is paid off, all of your crypto collateral will be released to a Bitcoin (BTC), Ether (ETH), or Litecoin (LTC)address ofRead more

How Does a Crypto Backed Loan Work?

  One of the more exciting advancements in the cryptocurrency industry is the ability to leverage your crypto holdings to borrow fiat currencies. At BlockFi, we offer collateralized loans using Bitcoin (BTC), Ether (ETH), or Litecoin (LTC) to get USD loans. How does crypto lending work? Well, with traditional collateralized loans, the borrowers will stake an asset and receiveRead more

Earn Interest by Lending Out Your Bitcoin

  So, you’ve finally purchased bitcoin and are excited at the prospect of holding your new asset for the coming years. Once upon a time there would be nothing for you to do with your bitcoin but store it safely in a wallet and wait to sell at the most opportune moment. But now, insteadRead more

Disclaimer: Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are riot subject to FDIC or SIPC protections. Security is our top priority. Please see our Vulnerability Disclosure Form and Bug Bounty Program.
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Disclaimer: Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections. Security is our top priority. Please see our Vulnerability Disclosure Form and Bug Bounty Program.
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