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r/blockfi - How safe is blockfi? - reddit.com
How safe is Blockfi : blockfi - reddit
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Is BlockFI a scam ? : Bitcoin - reddit
BLockFi is legit however they recentely had a data breach. Always remember not your keys, not your crypto.
BlockFi's operation capital and its lending capital are completely separate unlike most of our competitors. We have never lost any customer funds in the 2+ years we have been in business. You can always give us a call 646-779-9688 or email me personally at [email protected] with any additional questions or concerns.
That said, Blockfi seems legitimate. But it's not risk free. There will always be black swans (hacks, insider jobs, liquidity runs, etc etc.) 2 level 1 FieserKiller · 1y why blockfi is paying interest is exactly that: They pay you because you take the risk of losing your bitcoin when they fuck up. Safest bet is simply don't do it.
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Is BlockFi legit? : Bitcoin - reddit
Is blockfi safe to use? Hi I’m new to crypto and recently came across Blockfi from a crypto podcast. Everyone always say “not your keys not your coins” but I’ve heard that Blockfi is backed by big players like the Winklevoss Twins and Anthony Pomp. However there is no protection insurance on Blockfi if coins were to be lost.
Is blockfi safe to use? : blockfi - reddit
One popular Blockfi vs. Celsius Reddit thread on r/BlockFi captures the discourse well: many users lean towards Celsius for its higher interest rates, others prefer BlockFi’s more conservative lending and investment approache s. A strong majority advocate for using both platforms.
BlockFi vs. Celsius Network: What's the Better Crypto .
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BlockFi has lots of big names behind them, and they're based in the US, so I think it's highly unlikely they'd run off with your money. I've felt pretty safe, I think you could do 6-figures without much worry. They've got a $250 bonus right now so that's another plus.
BlockFi. Legit or Scam? : CryptoCurrency - reddit
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The 8.6% is on certain stablecoins. Bitcoin is somewhere around 6%, less if over 2.5 BTC. Gemini does their custody, so that's good. Beyond that, I'm not too sure. They seem to be one of the most secure within the field of lenders, but they're still lending out your Bitcoin. It's not without risk.
My Experience With BlockFi : Bitcoin - reddit
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The question is what happens if you hold stablecoins on Blockfi if say crypto dumps hard. How far would crypto have to fall (and how quickly) to cause losses to stablecoin balances on blockfi is the question. If you look at what kinds of bonds are yielding 8.6%, blockfi actually looks fairly safe in comparison. 2.