Blockfi logo
Navigation Bars
Use Cases

Traveling the World with Crypto

Published, 17 September, 2020

Share article
Twitter Share LinkFaceBook Share LinkLinkedIn Share LinkTelegram Share Link
Everyone has a dream trip. Whether your idea of paradise is sipping a chilled wine on the Amalfi Coast, experiencing the sushi in Tokyo, or going on safari in South Africa all these trips have one thing in common: they’re expensive. As a crypto investor, it may be tempting to sell some of your investments to finally go on that once in a lifetime trip. But there's a better way.

What’s the Best Way to Finance Crypto Travel?

Finance your dream vacation by leveraging your crypto for a BlockFi loan and travel the world with crypto.
How does a crypto backed loan work? Well, our clients use their Bitcoin (BTC)Ether (ETH), or Litecoin (LTC) cryptocurrencies as collateral. Once the loan is paid off, you get your crypto back. It’s that simple.
BlockFi has helped our clients travel the world using crypto. Whether you’re planning a trip to the Philippines or need some spare cash on the middle of your hike through the Pacific Crest Trail, we’re here to help.

Why Use BlockFi for My Crypto-Backed Loan?

Well, a BlockFi loan is interest-only, meaning you only have to pay the interest on your monthly payments. As an example, let’s say you took out a travel loan for $5,000 with a 8.5% annual interest rate. If you did, you would only have to pay $35 per month. That’s 0.7% interest per month over the 12-month loan term. Nice and easy. Other crypto asset-backed and traditional lenders offer amortized loans. A fully amortized loan on your $5,000 would end up costing you $436 per month. That’s 1% interest per month over the 12-month loan term. The same as buying an iPad every month for a year. Our team of market leading professionals will work closely with you to make sure you get the best possible rates and answer any questions you may have. Learn more about BlockFi’s crypto-backed loans.

What Happens to My Crypto During the Term of My Loan?

We store our client assets with Gemini, a New York trust company licensed by the New York State Department of Financial Services. They have a perfect track record when it comes to security and loss prevention. You can learn more about how BlockFi stores client assets.
The best part is that BlockFi clients get to keep all of the potential future upside of their crypto, while traveling the world. You get to benefit from price appreciation and forked coins (as long as they are supported by our custodian). It’s that simple. You can also learn about what happens if the value of your collateral changes during a crypto loan.
At BlockFi, we understand the frustration that comes with the travel-shopping process. Our team of lending professionals work closely with clients to make sure that they’re getting the best possible rates.
Have questions? Contact us here!

Last updated on October 28th, 2021

Share article
Twitter Share LinkFaceBook Share LinkLinkedIn Share LinkTelegram Share Link
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.
App Store logo
Google Play logo
twitterlinkedinfacebookyoutubetelegramThis 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.

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.
ProductsArrow Pointing Down
InstitutionsArrow Pointing Down
ServicesArrow Pointing Down
ResourcesArrow Pointing Down
CompanyArrow Pointing Down
Follow UsArrow Pointing Down
Apple Store logo
Google Play logo
twitterlinkedinfacebookyoutubetelegram
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.