What Is BlockFi?
BlockFi is a leading cryptocurrency management platform that allows users to hold, earn interest on, and efficiently use their digital assets. Founded in 2017 by Zac Prince and Flori Marquez, the New Jersey-based company has grown into a trusted financial service provider, offering bank-like facilities for crypto enthusiasts.
Key features of BlockFi include:
- Crypto Interest Accounts: Earn up to 8.6% APY on holdings.
- Asset Management: Over $8 billion in assets under management.
- Innovative Products: First to launch a Bitcoin Reward Credit Card.
By late 2019, BlockFi had 225,000 users, cementing its reputation as a reliable platform for crypto investors.
Table of Contents
- What Does BlockFi Aim to Achieve?
- BlockFi Bitcoin Reward Credit Card
- TL;DR Summary
- Why Choose BlockFi?
- Is BlockFi Right for You?
- How to Join the Waitlist
- Eligibility Criteria
- Improving Your Waitlist Position
- Card Features & Rewards
- Security Measures
- Customer Support
- Mobile App
- Pros & Cons
- Final Verdict
- FAQs
What Does BlockFi Aim to Achieve?
BlockFi bridges traditional finance and blockchain technology, offering secure, regulated financial products. Its mission includes:
- Global empowerment for crypto users.
- Innovative financial tools (e.g., interest accounts, Bitcoin credit cards).
- Compliance with U.S. federal and state regulations.
👉 Join the BlockFi Credit Card Waitlist
BlockFi Bitcoin Reward Credit Card
Launched in Spring 2021, BlockFi’s Visa-powered Bitcoin Reward Credit Card was a game-changer. Key highlights:
- 1.5% cashback in Bitcoin on all purchases.
- $250 sign-up bonus** after spending **$3,000 in the first three months.
- Metal card design for premium users.
- Exclusive APY bonuses for stablecoin holders.
TL;DR Summary
- 1.5% Bitcoin rewards on every transaction.
- $200 annual fee.
- Available for U.S. residents (excluding New York).
- FDIC-insured through Gemini.
Why Choose BlockFi?
- High-yield crypto savings (up to 8.6% APY).
- Trusted by institutional investors (Coinbase, Galaxy Digital).
- Secure & regulated platform.
Is BlockFi Right for You?
Ideal for:
- Long-term crypto holders.
- Frequent spenders seeking Bitcoin rewards.
- Investors wanting passive income.
How to Join the Waitlist
- Existing users: Apply via your BlockFi account.
- New users: Submit your name and email on BlockFi’s website.
Eligibility Criteria
- U.S. residency (except NY).
- Creditworthiness assessment.
Improving Your Waitlist Position
- Early sign-ups get priority.
- Referrals boost ranking.
Card Features & Rewards
| Feature | Details |
|---------|---------|
| Cashback | 1.5% Bitcoin |
| Sign-up Bonus | $250 in BTC |
| Annual Fee | $200 |
| APY Bonus | +2% for stablecoins |
Security Measures
- Gemini custody (95% cold storage).
- SOC2 Type 1 Compliance.
- Two-factor authentication (2FA).
Customer Support
- 24/7 chatbot (BotFi).
- Phone support: +1 646 779 9688.
Mobile App
Available on:
Pros & Cons
| ✅ Pros | ❌ Cons |
|---------|---------|
| High Bitcoin rewards | $200 annual fee |
| Secure & regulated | Limited to U.S. |
| No utility token required | Volatile rewards |
Final Verdict
BlockFi’s Bitcoin Credit Card is a top-tier choice for crypto enthusiasts, offering reliable rewards and strong security.
FAQs
1. Is BlockFi safe?
Yes, it’s regulated by NYDFS and uses Gemini-insured custody.
2. When will the card ship?
Shipping began in Spring 2021.
3. How do I check my waitlist status?
Use the custom link sent via email.
4. Are there hidden fees?
No—only a $200 annual fee.
5. Can non-U.S. residents apply?
No, it’s U.S.-only (excluding NY).