United States
United Kingdom
activeFeaturedExchange
- HQ
- San Francisco
- Fee
- Free to hold
BlockFi
Crypto yield platform. Bankrupt with the 2022 cohort.
Closed 2022-11
Rate this app
4.5Caution
AlternativesOur take
Desk verdict
If an app quotes 8% on Bitcoin, it is a loan book. Read Celsius next.
BlockFi offered crypto yield and a card. It filed Chapter 11 in 2022. Yield was unsecured credit risk, not a savings account.
BlockFi lists Lending / crypto (failed) under State / various in United States. On safeguarding we currently write: None on crypto yield. An AML programme is claimed. There is no IBAN-class local rail on the flags we store. We list 2 live markets on the product. As we score the sticker: monthly —; FX —; ATM —. This desk would open it for: Graveyard — yield is credit risk.
What it does well: . What to watch: Bankrupt. Desk score 4.5 / 10 (safety 1.0, fees 6.0, features 7.0, app 7.0). Last verified 2026-08-01. Headquartered in New Jersey, United States; founded 2017. None of this is advice — it is a file so you can read the entity before the card colour.
Best for: Graveyard — yield is credit risk.
Closed 2022-11
Chapter 11 after FTX exposure and yield-book failure.
Pros
Cons
- −Bankrupt
How it actually works
- Custody
- Exchange omnibus / customer assets
- Local rails
- ACH / USD · Faster Payments
- Built for
- Investing
- Settlement
- On-chain + withdrawal queues
- Review risk
- Closed — no new customers
- Pay surface
- visa · physical
Safety
None on crypto yield
- State / variousLending / crypto (failed) · United States
Fees
- Monthly
- —
- FX markup
- —
- ATM
- —
Features
- –IBAN
- –Fee-free core
- –Multi-currency
- –Apple Pay
- –Google Pay
- –Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- Was: yield, card, trading
Score
- Safety25%
- 1.0
- Fees20%
- 6.0
- Features15%
- 7.0
- App15%
- 7.0
- Global15%
- 5.0
- Support10%
- 2.0
Change log
Full logNo dated notes yet. When the licence, fees, or status moves, it lands here.
Available in
FAQ
Is BlockFi a bank?+–
BlockFi is not a licensed deposit-taker in the classic sense. Treat the balance as a fintech ledger until you confirm the holder.
How is money protected?+–
None on crypto yield
Where is BlockFi available?+–
We list 2 market desks on the desk. Residency and onboarding rules still sit with BlockFi.
Card and wallets?+–
visa · physical
Ratings and reviews
No published user reviews yet. The desk score still comes from licence, fees, and the product — not from a empty star average.
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