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Introducing the New BlockFi App

Published 7 May, 2020
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    At BlockFi, we’re always looking for ways to add greater convenience and access to the financial services that the crypto community relies on, so we’re excited to announce the release of our all-new BlockFi mobile app.

    The app is an easy-to-use and highly secure platform that lets clients open and manage a BlockFi Interest Account, borrow money against their crypto holdings, and transfer funds directly from their crypto wallet.

    In other words, you can now take BlockFi with you everywhere you go.

    Here are some of the key features:

    • Quick and Easy Signup – You can get started in just minutes, allowing you to earn interest, borrow USD, and instantly access your portfolio through a seamless, all-in-one mobile platform.
    • Interest-Earning Accounts – You can open a BlockFi Interest Account (BIA) and earn money on your crypto. There are no fees—just an 8.6% annual return on the most popular cryptocurrencies and USD-backed stablecoins, including Bitcoin, Ether, Litecoin, USDC, GUSD, and PAX. You’ll start earning the day your deposit hits the account, with compounded interest paid every month.
    • Crypto-Backed Loans – Using crypto as collateral, you’ll be able to borrow money through the app. These same-day loans provide cash without forcing you to sell off your crypto or trigger taxable events. That means you can finance a house, launch a new venture, or buy more crypto without liquidating crypto assets. Plus, loans feature interest-only monthly payments and no prepayment penalties.  
    • Mobile Transfers – The app enables funds to be transferred directly from a crypto wallet into a BlockFi account. You can also diversify your portfolio without making new investments by choosing which cryptocurrency you’d like interest to be paid in with Interest Payment Flex.
    • Market Expertise – The BlockFi team has compiled decades of expertise in trading and financial services. Now you can stay informed about market changes even while they’re on the go.
    • Sophisticated Security – BlockFi keeps crypto secure by working with our primary custodian Gemini, a regulated trust company and the crypto industry’s most trusted financial custodian.

    And that’s not all. In the coming weeks and months, we’ll be rolling out additional functionality to make the app even better and easier to use. Here’s what you can expect to see soon:

    • Trading Capabilities – Our upcoming Trade feature will allow you to seamlessly manage your cryptoassets and optimize your portfolio allocation. You’ll be able to exchange cryptocurrency pairs between BTC, ETH, LTC, USDC, GUSD, and PAX—all from a mobile device.
    • Easier Login – We’ll be introducing facial recognition to the login experience, allowing you to quickly access all the crypto services you need through a secure biometric scan.
    • Bank Transfers – Deposit and withdraw via bank wire and ACH.

    Wherever our clients go, BlockFi will be there to deliver the financial services they need.

    Thanks to our new mobile app, we’re bringing an unprecedented level of access and convenience to the people who matter most to us.

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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 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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