BlockFi Crypto Interest Calculator

How much can you earn by depositing your crypto in a BlockFi interest-bearing account?

Current USDC price:
Initial value (USD):
BlockFi interest rate (APY):7.50%
End value:
1,435.63 USDC=
Initial monthly earning:
Average earning per year:
87.13 USDC=
Overall earning:
435.63 USDC=

Earn up to $250 in bitcoin when you use the link above to open a new BlockFi Interest Account and deposit funds.

Price data powered by CoinGecko API.

Month #Account Value (USD)Account Value (USDC)Monthly interest earned (USD)Monthly interest earned (USDC)

Remember when you used to be able to earn several percentage points of interest on money parked in your savings or checking accounts? With interest rates near all time lows, the days of earning any meaningful amount of interest in your traditional savings accounts are long gone.

On the bright side, BlockFi offers a compelling alternative with their BlockFi Interest Account which yields interest rates of up to 8.6% APY on your crypto deposits.

About BlockFi

BlockFi is a privately-held cryptocurrency financial services platform that was founded in 2017 and is based in New York. BlockFi's Interest Account product allows users to deposit various crypto tokens like bitcoin, ethereum, and stablecoins like USDC which earn interest on these deposits. They then use these funds to provide crypto-backed loans to trusted institutional and corporate borrowers.

Current BlockFi Interest Rates

Here are the currencies available to use with a BlockFi Interest Account and the interest rates that you can currently earn.

CurrencyInterest (APY)
BTC ( 0 to 0.25)4%
BTC (0.25 to 5)1.5%
BTC (>5)0.25%
ETH (0 to 5)4%
ETH (5 to 50)1.5%
ETH (>50)0.25%
LTC (0-100)4.5%
LTC (>100)2%
LINK (0-750)3%
LINK (>750)0.5%
USDC (0-50,000)7.5%
USDC (>50,000)5%
GUSD (0-50,000)7.5%
GUSD (>50,000)5%
PAX (0-50,000)7.5%
PAX (>50,000)5%
PAXG (0-5)2%
PAXG (>5)0.5%
USDT (0-50,000)7.5%
USDT (>50,000)5%
BUSD (0-50,000)7.5%
BUSD (>50,000)5%
DAI (0-50,000)8.5%
DAI (>50,000)6%
UNI (0 to 750)3.75%
UNI (>750)1.5%
BAT (0 to 25,000)3.65%
BAT (>25,000)1.4%

BlockFi's interest rates are subject to change. We will do our best to keep the interest rates on this page up-to-date. Click here to view BlockFi's official interest rates.

Get started with BlockFi

Signing up for an account with BlockFi is easy and can be done in about 2 minutes. Use this sign-up link above to get a bonus of up to $250 when you open a new BlockFi Interest Account. After opening this link, simply click "Sign Up" to open your account. Depending on how much you deposit in your account, you could earn up to $250 worth of bitcoin. Once you've opened your account, there are several ways you can add funds to your account:

  • Via ACH transfer, which deposits USD directly to purchase crypto
  • Via wire transfer, which deposits USD directly to purchase crypto
  • Deposit crypto from any external platform or wallet by sending it to BlockFi's wallet address for the specific currency

How I use BlockFi

After doing my research and comparing all the crypto interest platforms out there, I decided to go with BlockFi a few months ago and my experience has been excellent. I currently have a few thousand USDC deposited with BlockFi earning a very attractive 8.6% interest. The high interest rates for stablecoins like USDC and GUSD make this the most attractive use case for me. BlockFi also allows you to choose which currency your interest is paid in (it can be any of the ones in the table above), which is a cool feature. I chose to recieve interest payments in bitcoin.

BlockFi Reputation and Risks

It's important to do your own research and due diligence before depositing your funds with BlockFi. A key thing to understand is that unlike traditional banks, your deposits at BlockFi are not FDIC insured. This means that, in the unlikely event that BlockFi's creditors were unable to pay back their loans, your deposit could be lost, with no backstopping from the Federal Reserve. With this in mind, BlockFi has several lines of defense in place to mitigate the risk to your deposits. Lyn Alden does an excellent job of covering these in her review of BlockFi. To summarize, these lines of defense include:

  • Many of BlockFi's loans are collateralized by 2x or more of the loan value.
  • When it comes to working with institutional borrowers, BlockFi focuses on making loans to large creditworthy firms where their BlockFi loan is only a very small portion of their operation.
  • BlockFi spreads out their loans and avoids having too much exposure to one single institutional customer. This reduces the damage that could be done by any individual borrower failure.
  • Lastly, and perhaps the most important to me as a BlockFi customer, is that depositors are higher in the liquidation stack than even equity holders in the company. This means in the event of a solvency breakdown, the shareholders and investors in BlockFi would lose their investment in order to return funds to depositors. In essence, the entire company itself is on the line in the event that deposits were lost, which aligns BlockFi's incentive to mitigate risk with the continued existence of the company.

As far as reputation goes, BlockFi is widely considered to be the most reputable player in the crypto-lending space for several reasons. They are the largest player in the space and have institutional backing from investors including Valar Ventures, Galaxy Digital, Fidelity, Akuna Capital, SoFi and Coinbase Ventures. BlockFi's primary crypto custodian is Gemini Trust Company, LLC, a New York trust company regulated by the New York State Department of Financial Services. This is the same Gemini crypto exchange started by Tyler and Cameron Winklevoss, which has institutional-grade security and is widely considered one of the most secure custodians in the crypto space. Additionally, BlockFi is domiciled in the United States and has built a team of professionals with decades of FinTech experience.

Learn more about BlockFi