United States
United Kingdom
activeFeaturedExchange
- HQ
- San Francisco
- Fee
- Free to hold
BlockFi
Crypto yield platform. Bankrupt with the 2022 cohort.
Closed 2022-11
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4.5Caution
AlternativesFive questions
At a glance
Is it a bank?
No. BlockFi is not a licensed bank. Confirm who the money sits with before you send salary there.
If it fails?
None on crypto yield
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Residency and KYC are gated. An App Store listing is not proof you can onboard.
Monthly fee
—
Account number
No IBAN-class local rail on this file.
NeoBankDB Verdict
Licence first · score second
4.5
/10 · Caution
If an app quotes 8% on Bitcoin, it is a loan book. Read Celsius next.
What it is
BlockFi offered crypto yield and a card. It filed Chapter 11 in 2022. Yield was unsecured credit risk, not a savings account.
Best for: Graveyard — yield is credit risk.
Last checked 2026-08-01. Not advice.
Closed 2022-11
Chapter 11 after FTX exposure and yield-book failure.
What it does well
What to watch
- −Bankrupt
Who holds the money
The account
How money actually moves
- Who holds the cash
- Exchange omnibus / customer assets
- How money moves
- ACH / USD · Faster Payments
- Built for
- Investing
- Settlement
- On-chain + withdrawal queues
- Freeze risk
- Closed — no new customers
- Card
- BlockFi lists a physical card on visa. Confirm the live product in the app — a card is not a current account.
Licence first
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
Straight answers
FAQ
01Is BlockFi a bank?
BlockFi is filed as Lending / crypto (failed). The named regulator is State / various. Still read the entity on the statement before you send money.
02What happens to money in BlockFi if it fails?
There was no statutory scheme on crypto yield. BlockFi failed. Treat this file as a tombstone, not a product.
03What does BlockFi charge each month?
The monthly fee on this file is —. Fees change — open the operator's pricing page if it is linked.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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