As of September 2019, BlockFi is one of the few platforms that allows you to buy Ethereum with USD. That said, BlockFi is a cryptocurrency-backed loan and deposit platform and not a traditional exchange. As such, you don’t buy Ethereum directly from BlockFi. Instead, you use BlockFi to borrow USD using your Ethereum as collateral.
You can then use that USD to buy Ethereum on a traditional exchange like Coinbase. BlockFi currently offers the following loan-to-value (LTV) ratios: 50% LTV for stablecoins including USDC and GUSD, 40% LTV for BTC and ETH, and 35% LTV for LTC.
At current prices, this means you can borrow up to $50,000 worth of USD using 5 ETH as collateral. The interest rate on your loan will depend on the LTV ratio. For example, the interest rate for a 50% LTV loan is 8.6% per year while the interest rate for a 35% LTV loan is 11.
NOTE: WARNING: Before purchasing Ethereum on BlockFi, please be aware that it is a high-risk investment and you may lose some or all of your money. Please do your own research into the risks involved before making any decisions, and consult with a financial advisor if necessary. Additionally, never invest more than you can afford to lose.
2% per year. BlockFi also charges a monthly servicing fee of 0.25%.
So yes, you can buy Ethereum with USD on BlockFi but it’s not as simple as buying it on a traditional exchange like Coinbase. You’ll first need to take out a loan in USD using your Ethereum as collateral. The interest rate on your loan will depend on the LTV ratio but will be between 8.6% and 11.
2%. In addition to the interest rate, you’ll also need to pay a monthly servicing fee of 0.
8 Related Question Answers Found
As of right now, BlockFi does not support staking for Ethereum. However, they have stated that they are looking into adding this feature in the future. In the meantime, there are other ways to stake your Ethereum.
Yes, you can buy Ethereum with Euro on Binance. Binance is a world-renowned cryptocurrency exchange that offers a platform for trading various digital assets, including Ethereum. The Euro is one of the many fiat currencies that Binance supports.
In this article, we’ll show you how to get started with Coinomi and how to get Ethereum on your device in just a few easy steps. What is Ethereum? Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Yes, you can buy Ethereum in a Roth IRA. A Roth IRA is an individual retirement account that offers tax-free growth and tax-free withdrawals in retirement. You can contribute to a Roth IRA if you have earned income from a job or are self-employed.
The Ethereum community is considering a hard fork in order to reverse the damage done by the DAO hack. A hard fork would mean that the current Ethereum blockchain would be split into two separate blockchains, one with the DAO hack undone and one without. This would obviously create two different versions of Ethereum, and raises the question: can we fork Ethereum?
The answer is technically yes, but there are some important caveats to consider before doing so. Forks are a crucial part of the cryptocurrency ecosystem and allow for different groUPS to have different vision for a project while still sharing a common codebase. They also present an opportunity for investors to make money by investing in the new project early on.
The short answer is yes. Bakkt, the digital asset platform subsidiary of Intercontinental Exchange (ICE), announced today that it would launch Bitcoin (BTC) futures contracts on December 12, 2018. The news sent shockwaves through the crypto community, as Bakkt is one of the most highly anticipated digital asset platforms.
If you’re looking to invest in Ethereum, a Roth IRA may be a good option. Ethereum is a digital currency that can be used to purchase goods and services, but it can also be traded like a stock. That means it can be volatile, and you could lose money if you don’t know what you’re doing.
