How do BlockFi owners earn passive income from their cryptocurrency holdings?

3 answers

• Salmanu MuntariJun 19, 2021 · 4 years ago
  BlockFi owners can earn passive income by depositing their cryptocurrency holdings into BlockFi's interest-bearing accounts. These accounts allow users to earn interest on their crypto assets, which is paid out on a monthly basis. The interest rates vary depending on the type of cryptocurrency and the amount deposited, but they can be quite competitive compared to traditional savings accounts. This allows BlockFi owners to earn a passive income stream from their crypto holdings without actively trading or investing in other assets. In addition to interest-bearing accounts, BlockFi also offers other ways for owners to earn passive income. For example, they have a program called BlockFi Interest Account (BIA) that allows users to earn interest on stablecoins like USD Coin (USDC) and Gemini Dollar (GUSD). This can be a great option for those who want to earn a stable and predictable passive income from their cryptocurrency holdings. Overall, BlockFi provides a range of options for owners to generate passive income from their cryptocurrency holdings. Whether it's through interest-bearing accounts or other programs, BlockFi offers a way for crypto holders to put their assets to work and earn a passive income stream.
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• Henry ChadbanJul 24, 2021 · 4 years ago
  Earning passive income from cryptocurrency holdings is a popular strategy among BlockFi owners. One of the main ways they achieve this is by lending out their crypto assets to borrowers on the BlockFi platform. When borrowers take out loans using their crypto as collateral, they pay interest on those loans. BlockFi then distributes a portion of that interest to the owners who have lent out their assets. This allows BlockFi owners to earn a passive income stream from the interest generated by their lent-out crypto holdings. Another method BlockFi owners use to earn passive income is through the BlockFi Affiliate Program. By referring new users to the platform, owners can earn a commission on the interest generated by those users' deposits. This can be a great way to earn a passive income stream by simply sharing the benefits of BlockFi with others. Overall, BlockFi owners have multiple avenues to earn passive income from their cryptocurrency holdings. Whether it's through lending out their assets or participating in the affiliate program, BlockFi provides opportunities for owners to generate a passive income stream while holding onto their crypto assets.
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• Josh Dereck JocsonNov 21, 2023 · 2 years ago
  BlockFi owners can earn passive income from their cryptocurrency holdings by participating in the BlockFi Interest Account (BIA) program. BIA allows users to earn interest on their crypto assets, including popular cryptocurrencies like Bitcoin and Ethereum. The interest rates are competitive and are paid out on a monthly basis. This means that BlockFi owners can earn a passive income stream from their crypto holdings without the need to actively trade or invest in other assets. In addition to the BIA program, BlockFi also offers other ways for owners to earn passive income. For example, they have a referral program where owners can earn a commission on the interest generated by their referred users' deposits. This can be a great way to earn a passive income stream by simply sharing the benefits of BlockFi with others. Overall, BlockFi provides a user-friendly platform for owners to earn passive income from their cryptocurrency holdings. With the BIA program and referral program, BlockFi offers multiple avenues for owners to generate a passive income stream while holding onto their crypto assets.
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