BlockFi is a popular platform that allows users to earn interest on their cryptocurrencies. If you’re looking to explore the world of digital assets on BlockFi, it’s essential to know which cryptocurrencies are supported on the platform. Here is a comprehensive list of the cryptocurrencies available for trading and interest earning on BlockFi.
Bitcoin (BTC) – This pioneering cryptocurrency needs no introduction. Bitcoin is the first and most well-known digital currency in the world, enabling secure peer-to-peer transactions without the need for intermediaries.
Ethereum (ETH) – Ethereum is a decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). The native cryptocurrency of the Ethereum network is Ether (ETH).
Litecoin (LTC) – Created as a “silver” to Bitcoin’s “gold,” Litecoin is a peer-to-peer cryptocurrency known for its faster transaction confirmation times and a different hashing algorithm.
Chainlink (LINK) – Chainlink is a decentralized oracle network that aims to connect smart contracts with real-world data. LINK is the native cryptocurrency used to pay for services on the Chainlink network.
Uniswap (UNI) – Uniswap is a decentralized exchange (DEX) protocol that allows users to swap various ERC-20 tokens. UNI is the governance token of the Uniswap platform.
Basic Attention Token (BAT) – Basic Attention Token is a utility token used in the Brave browser ecosystem to reward users for viewing ads and content creators for their contributions.
Paxos Standard (PAX) – Paxos Standard is a stablecoin collateralized by US dollars held in FDIC-insured banks. PAX maintains a 1:1 peg with the US dollar, providing a stable medium of exchange in the cryptocurrency market.
Dai (DAI) – Dai is a decentralized stablecoin created by MakerDAO and pegged to the US dollar. DAI is generated through collateralized debt positions (CDPs) on the MakerDAO platform.
Gemini Dollar (GUSD) – The Gemini dollar is a stablecoin issued by Gemini Trust Company, LLC and pegged to the US dollar. GUSD provides users with a transparent and secure digital dollar.
Tether (USDT) – Tether is a stablecoin pegged to the US dollar and issued by Tether Limited. USDT is widely used in the cryptocurrency market for trading and storing value.
By understanding the cryptocurrencies supported on BlockFi, you can make informed decisions about your digital asset portfolio. Whether you’re looking to trade, earn interest, or diversify your holdings, BlockFi offers a range of options to support your cryptocurrency journey. Stay tuned for updates on additional cryptocurrencies that may be added to the BlockFi platform in the future. Happy trading!
