Finblox was previously affected by the insolvency of Three Arrows Capital (3AC), a prominent institutional borrower. This caused them to pause yield generation temporarily and restrict withdrawal limits to lower-than-usual levels. However, since then, they’ve recovered and have taken the following steps:
- Increasing withdrawal limits to a maximum of US$50,000 per day, and US$500,000 per month for “Verified Plus” users;
- Resuming yield generation and their referral program;
- A commitment to publish monthly Transparency Reports in the interest of safety and disclosure for their users.
Inflation is on the rise – in fact, prices are going up at one of the fastest rates since the 1980s.
Leaving your money in banks is no longer a feasible way of growing your finances at a sustainable rate. This has driven many people to invest in crypto, and the global cryptocurrency market has reached a value of US$1,782 billion in 2021. However, spot trading in crypto is just the tip of the iceberg.
Besides trading cryptocurrencies, investors can also engage in what is often dubbed as “riskier” ways to grow their assets, like leverage trading, yield farming, or NFT flipping.
What if you could earn passive income on your crypto safely, consistently, and with ease?
Finblox is a reliable crypto earnings platform where users can buy crypto, and earn rewards that are compounded and paid daily.
Their UI is simple and user-friendly, making it a great choice for both beginners and advanced crypto traders alike.
At this time of writing, Finblox has very competitive rates on stablecoins and other crypto assets – and favours safe yield generation and transparency over riskier strategies.
The image below shows the full list of 23+ available assets on Finblox.
Yields are accrued every day and best of all, there is no lock-in and users can withdraw anytime they want.
This is a breath of fresh air as compared to other staking platforms out there, which require users to lock in their assets for a set amount of time.
Credible team backed by Tier 1 VCs
Finblox was founded by fintech veterans Peter Hoang and Dmitriy Paunin, who are on a mission to democratize wealth-building for all.
Peter previously founded Gotrade, a zero-commission stock trading app backed by Y Combinator, while Dmitry was the Chief Technology Officer at Coins.ph.
Backing from notable names is one of the key factors to look out for when attempting to determine the credibility of a company in the crypto space.
Finblox received a staggering US$3.9 million seed funding from some of the biggest names in the crypto space.
The seed round saw participation from some crypto powerhouses like Dragonfly Capital and Silicon Valley’s oldest and most successful VC firm, Sequoia Capital.
Will your money be safe?
Fret not, all Finblox deposits are protected and insured by Fireblocks. Fireblocks is the world’s leading crypto and digital assets infrastructure provider that is trusted by over 1,200 institutions all over the globe.
To add another layer of security, there are additional encryption and fraud prevention services provided by Coincover.
Founded in 2018, Coincover combines both security technologies with insurance to protect digital assets from bad actors.
Earn passive income from your crypto in three easy steps
To begin using Finblox, you can either download the application from your respective mobile app stores or you can simply use their new web app.
Tap “Deposit Now” to transfer from your wallet or other exchanges. You can also buy more crypto via Moonpay.
Once your crypto has been transferred to your Finblox account, you can start earning rewards compounded daily.
Start earning with Finblox
Overall, Finblox is a recommended platform both for seasoned investors and newcomers. The straightforward interface makes it easy to use and it is great for all users.
Furthermore, Finblox is able to produce high and stable returns that can rival or even outperform the average trading portfolio.
At the end of the day, Finblox is a reliable crypto earning platform that is safe and secure and is far better than the other alternatives out there.
Finblox is running a referral promotion where both the referrers and referees get rewarded up to 250 USDC for signing up.
Deposit now and start earning passive income on your crypto assets! Finblox just launched its very own web app so users can now view, deposit and withdraw crypto all from the comfort of their web browser.
Find out more about Finblox here.
This article was written in collaboration with Finblox
Featured Image Credit: Chain Debrief