How can I earn passive income with BlockFi's lending program?
Jan harvey LisingDec 17, 2021 · 3 years ago3 answers
Can you provide some insights on how to earn passive income with BlockFi's lending program? I'm interested in learning more about the process and potential returns.
3 answers
- Dec 17, 2021 · 3 years agoSure! BlockFi's lending program allows you to earn passive income by lending out your cryptocurrencies to other users on the platform. When you lend out your crypto, you earn interest on the amount you lend. The interest rates vary depending on the cryptocurrency you lend and the duration of the loan. It's a great way to put your idle crypto assets to work and earn some extra income without actively trading.
- Dec 17, 2021 · 3 years agoEarning passive income with BlockFi's lending program is quite simple. All you need to do is deposit your cryptocurrencies into your BlockFi account and select the lending option. BlockFi will then lend out your crypto to institutional borrowers and you'll start earning interest on your holdings. The interest is paid out monthly and you can choose to reinvest it or withdraw it. It's a hassle-free way to generate passive income from your crypto assets.
- Dec 17, 2021 · 3 years agoWith BlockFi's lending program, you can earn passive income by lending out your cryptocurrencies to other users. The interest rates are competitive and you can earn up to 8.6% APY on certain cryptocurrencies. The best part is that your crypto is secured by BlockFi's robust security measures, so you can have peace of mind while earning passive income. Give it a try and start earning passive income with BlockFi today!
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