BlockFi Review 2021

BlockFi is a crypto investing and saving platform with additional features including cashback credit cards, ultra-high net worth advisors and crypto lending.

BlockFi is broker that offers traders Cryptocurrency. Surprisingly, BlockFi does not support either of the enormously popular MetaTrader platforms (4 and 5).

In terms of features offered to traders, BlockFi has Demo Accounts but is missing Islamic Accounts, Social Trading, Signals and Auto Trading.

Cryptocurrency traders will have lots of options at BlockFi, with 13 different coins to trade: BTC, ETH, LTC, LINK, USDC, GUSD, PAX, PAXG, USDT, BUSD, DAI, UNI and BAT.

BlockFi is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.

BlockFi Summary

BlockFi is a crypto investing and saving platform with additional features including cashback credit cards, ultra-high net worth advisors and crypto lending.

Ratings

30%
Trust
16%
Instruments
14%
Features
BonusNone
InstrumentsCrypto
Demo Account
Min. Deposit$0
Min. Trade$0
Regulated BySEC
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps iOS & Android
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

Cryptocurrency Trading

BlockFi supports trading, investing and borrowing of a range of major crypto tokens, including stablecoins.

SpreadVariable
CoinsBTC, ETH, LTC, LINK, USDC, GUSD, PAX, PAXG, USDT, BUSD, DAI, UNI, BAT

Payment Methods

BlockFi accepts the following payment methods:

  • Wire Transfer
  • ACH Transfer
  • Bitcoin Payments
Risk Warning – Your capital is at risk

FAQ

Is BlockFi Safe?

In our review we gave BlockFi a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that BlockFi is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.

Does BlockFi Accept PayPal?

No, BlockFi does not accept PayPal payments.

Is BlockFi Halal?

Probably not, as BlockFi does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.

Is BlockFi Regulated?

Yes, BlockFi is regulated by SEC.

The fact that BlockFi is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for options.

BlockFi vs Other Brokers

If you want to compare BlockFi with other brokers, use the detailed comparisons below.

BlockFi vs
BlockFi is a crypto investing and saving platform with additional features including cashback credit cards, ultra-high net worth advisors and crypto lending.