New BlockFi Wallet & Stablecoin Rate Changes

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Cryptoasset platform BlockFi always brings something new to their users to look forward to. This time, it’s the BlockFi wallet, which started rolling out to existing customers on January 19th this year. Additionally, the platform is changing their rates for stablecoins in their BlockFi Interest Accounts (BIA) in order to further mitigate risks and maximize earning opportunities. Both changes, along with everything else the project is doing, comes as an attempt to make the platform a one-stop shop for all your crypto needs, bringing your user experience to the maximum.

Using the BlockFi wallet, all BlockFi users can now hold cryptocurrencies, but also buy and sell them in an easy, secure and straightforward way. The wallet acts like a non-interest-bearing account, which means it may not come with the perks of a BIA, but moving your funds between the wallet and the BIA is simple enough and requires no extra steps. There are no minimum amounts that you have to hold in your balance, nor are there any fees to open an account, which means it is extremely easy to open and maintain a wallet without a care in the world.

Other benefits of using the BlockFi wallet include managing your portfolio directly from it by trading without transferring your funds, using the funds you have as collateral for crypto-backed loans, and excellent customer support that will help you with any potential issues. For US clients, another important issue is