BlockF🅘 Log🅘n - Pros/Cons
BlockFi is for the intermediate to the advanced crypto trader looking for a one-stop-shop for their cryptocurrency needs. It not only offers the ability to buy, sell, and trade crypto, but it also offers several products for crypto enthusiasts.
BlockFi offers an online dashboard and mobile apps for Android and iOS. Overall, trading on BlockFi is intuitive and relatively simple to do. On desktop, users looking to make a simple trade would go to the table at the top of their screen and indicate which assets they’d like to trade.
Users with a BlockFi Interest Account can also choose to set up recurring trades. Trades can be set to occur daily, weekly, or on the first 1st or 15th of the month. Its recurring trades feature makes BlockFi stand out among competitors.
Overall, the trading experience is straightforward for those accustomed to using financial apps or an online brokerage account.
Holistic platform: BlockFi provides users a centralized hub for the different financial services they would like to use ranging from taking out a loan, holding their cryptocurrency, or managing credit card expenditures using the BlockFi credit card.
Comprehensive help center: This tool shares unique use cases to use cryptocurrency and educates BlockFi’s users on how to use the platform.
Ability to earn interest on crypto: Users can earn up to 8% in interest by holding assets in a BlockFi interest account.
Not beginner-friendly: The user interface may be confusing for some beginners.
No video explainers: Its resource center is limited to written case scenarios vs. providing video explainers, which can be useful for certain users.