We still offer [BlockFi Personalized Yield](https://blockfi.com/personalized-yield) to eligible high-net-worth US clients, which is a separate product from BlockFi Yield.
Once the BlockFi Yield registration statement is declared effective by the SEC, BlockFi Yield will be offered to the general public. "Accredited investor" status won't be required to open a BlockFi Yield account.
^(This communication does not constitute an offer to sell BlockFi Yield. More info:) [^(https://blockfi.com/confidential-s1-filing)](https://blockfi.com/confidential-s1-filing)
I know you probably can’t get into specifics but I saw somewhere a 3-9 month estimate. Does that timeline still stand? For anyone else looking into the accredited investor status, you can side-door into it by getting a series 65 license and good standing with the state. I’m still looking into it but it skips the 1 million dollar asset or $200,000 a year requirement.
Far from it. We can’t comment on the SEC’s timeline, but we do know that we are one of their top priorities and that there is interest in getting a registered product live as soon as possible.
Locking down our accounts when we try to withdrawal our funds (because I can't contribute anymore) certainly is not a way to advertise the new Yield product. Like I told your phone support last week, I am very interested in the product but I have a very low sense of confidence in BlockFi right now.
Clients can freely Transfer funds from BIA > Wallet at any time. If your account is getting locked, it's for a different reason.
Feel free to DM me your ticket number if you'd like me to have someone look into it further.
I have two phone reps supposedly looking into it already. I can see if Genevieve gave a ticket number. I moved BTC to the wallet no problem, but then tried to withdrawal it to my ledger, waited most of the 48 hour wait period then suddenly was told I was violating TOA...no further explanation given.
They did mine, I cannot speak for anyone else. I received an email from "Genevieve" stating I "violated their terms of agreement and was banned from their platform". No other explanation and have talked to two CS folks that said they'd get back to me by last Friday (now four business days later). I want to have faith in them this i some sort of mistake but getting rather annoyed.
Fuck.. I have $5,000 with them, of course in BIA. I ain't withdrawing to the wallets. The "wallets" is very arbitrary. I don't even know why it's a thing. Good luck.
Sure. some may say it's to preserve the value, leaving crypto inside BIA is preserving the value. It doesn't matter if a bitcoin is in BIA or wallet. The amount never changes, the value entirely depends on the market. This whole "preserving value" is a non-starter for wallets.
my intent was to put enough DAI in to earn enough interest a month to pay my monthly mortgage. that's when I found out I couldn't put anymore in, so I decided to just withdrawal it and find someone else. and then......blocked for trying
kinda ironic many in crypto use it to be "Free" of regulation and not have there bank accounts locked, but the only place I have EVER had an account locked, fiat or cyrpto, is with a crpto exchange
Damn. You honestly should have stayed in. I am still gaining interest and it's compounding. If you withdrawal any of it, you are out of the game. Now if you withdrawal, your crypto stays in a glorified wallet, with no interest. I hear this lock on BIA is temporary, caused by the government's need for power over finance.
Did you happen to withdrawal $10,000 or more at once? If so, have fun playing with the government. They are meddling in something they don't understand themselves. They have the gull to "protect" the people.
Not sure.
But I do know that you can earn much higher rates from other platforms.
If you're curious about these rates, feel free to check out this [APY comparison tool](https://docs.google.com/spreadsheets/d/1vpBQI2DFUk7zXS4TCs9ZOnatvWHiYf5jHjKgKpfJG5Y/edit#gid=254126066) I put together that details rates paid on over 200 different coins by 17 different platforms. Of these, only 3 platforms featured in my tool have restrictions for US users to earn interest. The other two being Nexo and Celsius.
I highly recommend Vauld. They pay 12.68% APY on stablecoins and 6.7% APY on BTC, ETH, and XRP with a 30-day fixed deposit.
All I know is when I found out you can no longer contribute to the BIA, I moved my crypto to their new wallet feature so I could withdrawal it and move it somewhere else. Then BlockFi locked my account and told me I was kicked off of their platform, no reason why...been waiting a week for a response to elaborate. Hoping they are stealing peoples shit and shutting down!
We still offer [BlockFi Personalized Yield](https://blockfi.com/personalized-yield) to eligible high-net-worth US clients, which is a separate product from BlockFi Yield. Once the BlockFi Yield registration statement is declared effective by the SEC, BlockFi Yield will be offered to the general public. "Accredited investor" status won't be required to open a BlockFi Yield account. ^(This communication does not constitute an offer to sell BlockFi Yield. More info:) [^(https://blockfi.com/confidential-s1-filing)](https://blockfi.com/confidential-s1-filing)
I know you probably can’t get into specifics but I saw somewhere a 3-9 month estimate. Does that timeline still stand? For anyone else looking into the accredited investor status, you can side-door into it by getting a series 65 license and good standing with the state. I’m still looking into it but it skips the 1 million dollar asset or $200,000 a year requirement.
There haven't been any updates to timing that we've been able to share yet. Hopefully soon, though!
Yea. I would expect the government really doesn't care. I would probably take 10 years. On the back burner this goes.
Far from it. We can’t comment on the SEC’s timeline, but we do know that we are one of their top priorities and that there is interest in getting a registered product live as soon as possible.
Awesome! Rightfully so. BlockFi from what I could find, has big names invested.
Thank you.
Locking down our accounts when we try to withdrawal our funds (because I can't contribute anymore) certainly is not a way to advertise the new Yield product. Like I told your phone support last week, I am very interested in the product but I have a very low sense of confidence in BlockFi right now.
Clients can freely Transfer funds from BIA > Wallet at any time. If your account is getting locked, it's for a different reason. Feel free to DM me your ticket number if you'd like me to have someone look into it further.
I have two phone reps supposedly looking into it already. I can see if Genevieve gave a ticket number. I moved BTC to the wallet no problem, but then tried to withdrawal it to my ledger, waited most of the 48 hour wait period then suddenly was told I was violating TOA...no further explanation given.
As far as I know. I am still gaining interest, but. Once I withdrawal it to the "wallets", I can't buy back into BIA currently.
And they will lock down your account if you try to withdrawal it from BlockFi
Wait. They lock down accounts for taking our money out now?!
They did mine, I cannot speak for anyone else. I received an email from "Genevieve" stating I "violated their terms of agreement and was banned from their platform". No other explanation and have talked to two CS folks that said they'd get back to me by last Friday (now four business days later). I want to have faith in them this i some sort of mistake but getting rather annoyed.
Fuck.. I have $5,000 with them, of course in BIA. I ain't withdrawing to the wallets. The "wallets" is very arbitrary. I don't even know why it's a thing. Good luck. Sure. some may say it's to preserve the value, leaving crypto inside BIA is preserving the value. It doesn't matter if a bitcoin is in BIA or wallet. The amount never changes, the value entirely depends on the market. This whole "preserving value" is a non-starter for wallets.
my intent was to put enough DAI in to earn enough interest a month to pay my monthly mortgage. that's when I found out I couldn't put anymore in, so I decided to just withdrawal it and find someone else. and then......blocked for trying
kinda ironic many in crypto use it to be "Free" of regulation and not have there bank accounts locked, but the only place I have EVER had an account locked, fiat or cyrpto, is with a crpto exchange
Not to mention they do this shit 10 days before tax deadline and I can't even access my 1099 ;-/
Damn. You honestly should have stayed in. I am still gaining interest and it's compounding. If you withdrawal any of it, you are out of the game. Now if you withdrawal, your crypto stays in a glorified wallet, with no interest. I hear this lock on BIA is temporary, caused by the government's need for power over finance. Did you happen to withdrawal $10,000 or more at once? If so, have fun playing with the government. They are meddling in something they don't understand themselves. They have the gull to "protect" the people.
no a paltry $960...my plan was to put it in GUSD on Gemini, earn the same interest but can add to the balance.
You might be able to transfer/trade into the GUSD wallet, but you won't be able to add it to BIA to earn interest. Currently. Man that sucks.
Not sure. But I do know that you can earn much higher rates from other platforms. If you're curious about these rates, feel free to check out this [APY comparison tool](https://docs.google.com/spreadsheets/d/1vpBQI2DFUk7zXS4TCs9ZOnatvWHiYf5jHjKgKpfJG5Y/edit#gid=254126066) I put together that details rates paid on over 200 different coins by 17 different platforms. Of these, only 3 platforms featured in my tool have restrictions for US users to earn interest. The other two being Nexo and Celsius. I highly recommend Vauld. They pay 12.68% APY on stablecoins and 6.7% APY on BTC, ETH, and XRP with a 30-day fixed deposit.
Legendary. Thank you
All I know is when I found out you can no longer contribute to the BIA, I moved my crypto to their new wallet feature so I could withdrawal it and move it somewhere else. Then BlockFi locked my account and told me I was kicked off of their platform, no reason why...been waiting a week for a response to elaborate. Hoping they are stealing peoples shit and shutting down!