hi i'm adam and welcome to top crypto in today's video we'll take a closer look at blockfy
we will be learning about the platform how much interest can you earn how to sign up and all such
stuff disclaimer i'm not a financial advisor the video is for informational and educational
purposes only all the links will be in the description box down below so feel free to check
them out now let's get back to the topic so we've arrived at blockfy's official website blockfy.com
block 5 bills itself as the simplest platform for buying selling and earning cryptocurrencies it
isn't just that cryptocurrency interest can also be earned using block fi they do have an interest
paired account called the blockfy interest account you can earn interest on bitcoin ethereum litecoin
usdc die link and several other cryptocurrencies with the interest account there is no need for
minimum balance to earn interest the best part is that trading with block fi has the lowest fees
so let's make a calculation of how much you can earn with block fi suppose if you invest fifty
thousand dollars in usdc you will get a yearly return of roughly four thousand six hundred forty
five dollars that's a good amount of money not just that you can also borrow money through block
fi at prices as low as four point five percent apy block fi's minimum loan amount as ten thousand
dollars the loan to value ratio is fifty percent which means that you will need to put up fifty
percent of your tokens as collateral block fi has also introduced a bitcoin rewards visa credit card
you will be able to earn bitcoin rewards by using block fi you can earn up to 3.5 reward rate in
bitcoin on all card purchases with this card and there are no annual fees this provides block fi
with a competitive advantage now let's look at how to sign up with blockfy to sign up click the get
started button you must now enter your first name last name email address password and referral code
the referral code is included in the description below so please check it out so for this tutorial
i'll make a dummy account so i'm going to write adam as my first name and smith as my last name
now i'll have to enter my email address after that i'll make a password and we'll enter the referral
code over here please feel free to utilize the referral code that we have supplied in the
description box below if you enter our referral code you will get several benefits and discounts
next you must confirm that you are at least 18 years old and that you have read the sms policy
and then click submit now maybe they will ask you to solve this
once you have done that click verify now you will have to verify your email
so go to your email account and open that email now click the word that mentions click
here and that's all your account has been verified now you go back to the login page
next they are going to ask you to select your account types i'm simply going to put it here
as an individual after that you will need to add your address over here next you have to
enter your phone number then you have to put in your birth date the next question is what your
source of funds is so i'll just put that down as employment for me click continue after that
they will ask your social security number if you are in usa i have added that now click continue
how many transactions will you make per month i'll say not too many will you be transferring money
internationally not really how much cryptocurrency will you deposit into your account each month
zero to fifty thousand dollars click continue then it will ask you to verify your identity after that
you must choose one of the option to verify your identity if you use your driver's license you must
supply a photo you can even take a photo right now or continue on the other device
we're not going to proceed with the process because this is a dummy account
once you have attached it your account will be verified blockfy will send you an
email notifying you that your account has been verified after that you can log back into your
account and trade cryptocurrencies so make sure to check out the description for all the links
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will help you in your cryptocurrency journey that's all for now thank you for being here