¹ APYs reflect effective yield based on monthly compounding. Actual yield will vary based on account activity and compliance with BlockFi’s terms and conditions. Rates are largely dictated by market conditions, which are a key factor in a company’s ability to provide its clients yield on their crypto assets. For more information, please see our recent post on how the market drives crypto lending and our Terms of Service. Rates are subject to change. BlockFi will communicate any rate changes prior to these changes taking effect. Digital currency is not legal tender, is not backed by the government, and the BlockFi Interest Account (BIA) is not a bank account nor a brokerage account, and is not subject to FDIC or SIPC protections.
² Although there is no longer a minimum balance required to earn interest, accounts are still subject to Gemini’s withdrawal minimums: 0.003 BTC and 0.056 ETH. Withdrawals for balances smaller than these amounts may take up to 30 days to process.
³ BTC withdrawals are subject to a maximum withdrawal amount of 100 per rolling 30-day period. ETH withdrawals are subject to a maximum withdrawal amount of 5K per rolling 30-day period. GUSD withdrawals are subject to a maximum withdrawal amount of 1M per rolling 30-day period and BlockFi may require up to 30 days prior notice to fulfill GUSD withdrawals. Exceptions may be allowed, on a case-by-case basis, per approval from the BlockFi team.
Deposit processing times may vary, depending on the currency of the deposit. It can take 15-45 minutes to process the transaction and up to 1 business day to be reflected within your BlockFi Dashboard.
⁴ All BIA clients are entitled to one free withdrawal per month. This free withdrawal can only be applied to one currency each month. For each subsequent withdrawal request within that month, applicable BTC and ETH withdrawal fees will be applied.