Sunday, January 12, 2020

How to set up a BlockFi Interest Account (with screenshots)

So you want to earn the disgusting high interest rates on USD and take on crypto custodial risks? You have come to the right place my friend. (see post for how I am doing this, but for 1000 ETH)

Here's the quickie version for all those big brain bois that need minimal G hand holding.

Here's how to do it:

Step 0: Register your BlockFi account with my referral link

Step 1a: log into your verified Circle account and submit a "Tokenize USD" request

Step 1b: use DBS overseas to send the matching deposit request in USD to Circle

*USD deposit is usually confirmed by Circle usually within 24 hours on weekdays*

Step 2: in BlockFi, find out your BlockFi USDC address (Deposit  > Select USDC)

Step 2b: in Circle, paste in your BlockFi USDC address and transfer out your USD as USDC to Blockfi

Step 3: USDC is deposited into BlockFi, and you earn interests monthly
(screenshot of my GUSD balance, since USDC only just launched)

Step 4a: in Circle, locate your USDC deposit address under "Transfer USDC In"

Step 4b: in BlockFi, go withdraw your USDC back to Circle (Withdraw  > Select USDC)

Step 5: "Redeem USDC" which sends back USD to your bank account

Step 6: money appear back in your local bank account

What are the risks? Plenty of them, mainly custodial related. When you sign up for your Circle and BlockFi account, there's a whole section on risks that you're probably not going to read and just agree to, but they are there. Don't be a lazy shit. Go and read them.

Also, since I am NOT BlockFi or Circle customer support, I'll probably ignore any stupid or lazy comments.

I hope this guide was helpful as a REFERENCE.

At the end of the day, it's your money, your choices, and you clicking all the buttons. You better damn well know what you are doing and what risks you are taking!



    Hello my dear people, I am Linda McDonald, currently living in Austin Texas, USA. I am a widow at the moment with three kids and i was stuck in a financial situation in April 2018 and i needed to refinance and pay my bills. I tried seeking loans from various loan firms both private and corporate but never with success, and most banks declined my credit ,do not full prey to those hoodlums at there that call them self-money lender they are all scam , all they want is your money and you well not hear from them again they have done it to me twice before I met Mr. David Wilson the most interesting part of it is that my loan was transfer to me within 74hours so I will advise you to contact Mr. David if you are interested in getting loan and you are sure you can pay him back on time you can contact him via email……… ( No credit check, no cosigner with just 2% interest rate and better repayment plans and schedule if you must contact any firm with reference to securing a loan without collateral then contact Mr. David Wilson today for your loan

    They offer all kind of categories of loan they

    Short term loan (5_10years)
    Long term loan (20_40)
    Media term loan (10_20)
    They offer loan like
    Home loan............., Business loan........ Debt loan.......
    Student loan.........., Business startup loan
    Business loan......., Company loan.............. etc
    When it comes to financial crisis and loan then David Wilson loan financial is the place to go please just tell him I Mrs. Linda McDonald direct you Good Luck.......................

  2. I got my already programmed and blanked ATM card to withdraw the maximum of $50,000 daily for a maximum of 20 days. I am so happy about this because i got mine last week and I have used it to get $100,000. Skylink technologies is giving out the card just to help the poor and needy though it is illegal but it is something nice and they're not like other scam pretending to have the blank ATM cards. And no one gets caught when using the card. get yours today
    Just send them an email On whatsapp: +1(213)785-1553 or website:

  3. Hi GMGH,

    For Step 4b [in BlockFi, go withdraw your USDC back to Circle], may I know will BlockFi require user to do 2FA to "confirm" user's "Circle USDC deposit address"?

    Also, can the Circle USDC deposit address be under another person's name? (hopefully not? to prevent fraudulent transfer).

    Thank you,


Observe the house rules.