BlockFi – Cashback, Rebates & Rewards

Having used BlockFi since late 2018 I wanted to give an honest review. I recently withdrew my money from the interest account because of choppy waters. They got me my money in two or three days as they always do. Coming from Coinbase I was used to being treated like crap and waiting a long time to hear back from support on issues. After opening an account with BlockFi I never waited again and staff was always professional to me the many times I had reached out for issues over the years. They operate with high integrity and for me have made other exchanges obsolete because they run circles around them and their model puts others to shame. I am thankful I created an account with them and will continue to give them all of my business moving forward. They have earned trust with me and I wanted to share my experience so those that were wondering. I give 5 star as they are a fantastic company!

I have traded, withdrawn, and invested many times. I didn't have any problems. I also received my reference awards. However, even though they say they don't take commission, a lot of commission is paid when buying and selling. When we try to convert 150USDT to USDC, it gives 147USDC. Supposedly, they don't take commissions.

Great easy to use site, reasonable fees and rates.Great site for crypto gains.

As of now this is the only place I feel safe holding my crypto where I do not have control of my keys. I use the interest account, and enjoy the rates even if some say are low because I feel blockfi provides the best security, plus I don’t have a significant amount in holdings so I do get the better rate

BlockFi gets a lot of flack for slow withdrawals, uncompetitive rates, and large trading spreads, but in my experience: the pros outweigh the cons. First off, just don't use them for trading, use an exchange for that. Second, don't earn interest all in one coin, earn in kind, else you will pay a 1% fee to BlockFi. Third, their slow withdrawals are something of a feature because they invest a lot into identity protection and security. BlockFi has responsive customer support and even a phone number you can call during business hours. I don't like their tiered rate system, but they work fine smaller quantities of coins. Are they perfect? Definitely not, but I trust BlockFi and it seems very unlikely they will ghost you and run off with your coins, which is a real risk at other, smaller platforms. (Been a customer since April 2019).