Description
BlockFi clients can make a crypto deposit into an interest-bearing account and earn passive income. Interest is paid once a month, which increases the total annual income.
Blockfi Account For Sale
BlockFi employs an automated risk management system that monitors positions around the clock, gives early warning of declining borrowing costs, and manages balances to ensure hassle-free withdrawals from interest-bearing accounts.
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Clients’ assets are held by the custodian Gemini, in a unique wallet that belongs to him. The activity of the company is licensed by the New York State Department of Financial Services and complies with SOC 2 security requirements. It uses exclusively cold storage of funds with full protection from outside attacks and with strictly controlled access.
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BlockFi provides legal guarantees for the safety of funds. First of all, this is a loan agreement, which is automatically signed at the time of loan processing.
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For US residents, a UCC-1 document is also created, informing the regulator about the storage of user funds with the company. It is needed in case the blockchain becomes inoperable.
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