BlockFi announced today that will have removed all minimums in the BlockFi Interest Account (BIA). BIA clients will no longer have to meet a minimum deposit amount in their Bitcoin, Ether, or GUSD balances in order to earn interest. Additionally, we have removed the early withdrawal penalty from the account and are now offering one free withdrawal per month for all clients.
Due to client feedback and the increasing demand for the BlockFi Interest Account, we have decided to remove the minimum to earn interest to make our products more widely available to all crypto investors. Dropping the minimums to earn interest will allow crypto investors holding any amount of Bitcoin, Ether, or GUSD the opportunity to benefit from our wealth management offerings.
Although there is no longer a minimum balance required to earn interest, accounts are still subject to Gemini’s withdrawal minimums: 0.003 BTC and 0.056 ETH. Withdrawals for balances smaller than these amounts may take up to 30 days to process.
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