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Reasons to Get an Ether Loan

Published, 17 September, 2020

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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 from the traditional financial system, BlockFi is making it easier for people interested in using their Ether to finance their personal or business projects without having to sell.

Reasons to Take an Ether Loan

Why might someone use their Ether towards a crypto-to-USD loan? For many BlockFi clients, the main reason is that they have a need for funding but don’t want to sell their crypto to reach those goals. This allows them to keep ownership of their Ether while still being able to finance projects like buying a home,investing in a business, or paying down high-cost debt. Click here to learn more about how you can use a BlockFi loan.
Another major reason someone might become a BlockFi clients is for limiting their tax exposure. One of the biggest benefits is that the interest paid on a loan can be written off on your taxes. Additionally, a BlockFi loan does not trigger any taxable events, saving you from any potentially expensive capital gains fees. With that said, everyone’s financial situation is different and you should consult with a tax professional before making financial decisions. Click here to read more about the tax benefits of taking out a BlockFi loan.

How does a BlockFi Ether loan work?

Applying for a BlockFi loan takes less than two minutes. Once received, our team will review your application and send you a decision within hours. If you’re accepted you’ll be prompted to send over your collateral. Once received, we will wire your USD directly into your bankaccount.
For many clients, you can go from application to funding in as few as 90 minutes. BlockFi makes it easier than ever to get an ether backed loan, with coverage in over 45 U.S. states and interest rates starting at 8%. This makes us the largest, fastest, and most affordable crypto backed lender in the U.S.Use your crypto without selling. Apply for a BlockFi loan today.
If you have any questions about BlockFi or how our loans work, please contact us at support@blockfi.com. We love hearing from you.

Last updated on February 3rd, 2021

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As of February 14, 2022, the BlockFi Interest Account (BIA) is no longer available to new clients who are US persons or persons located in the US and existing US clients with BIA accounts are unable to transfer new assets to their BIAs. Learn More.
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Digital currency is not legal tender, is not backed by the government, and crypto accounts held with BlockFi are not subject to FDIC or SIPC protections. Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi. Rates for BlockFi products are subject to change.

BlockFi Rewards Credit Card: For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.

BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.

See blockfi.com/terms for more information.

2022 © All Rights Reserved.

As of February 14, 2022, the BlockFi Interest Account (BIA) is no longer available to new clients who are US persons or persons located in the US and existing US clients with BIA accounts are unable to transfer new assets to their BIAs. Learn More.
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This icon serves as a link to download the eSSENTIAL Accessibility's free assistive technology app for individuals with physical disabilities.

Digital currency is not legal tender, is not backed by the government, and crypto accounts held with BlockFi are not subject to FDIC or SIPC protections. Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi. Rates for BlockFi products are subject to change.

BlockFi Rewards Credit Card: For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.

BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.

See blockfi.com/terms for more information.

2022 © All Rights Reserved.