How tᗝ Open BlockF𝙞 Accᗝunt?
BlockFi offers an online dashboard and mobile apps for Android and iOS. Overall, trading on BlockFi is intuitive and relatively simple to do. On desktop, users looking to make a simple trade would go to the table at the top of their screen and indicate which assets they’d like to trade.
Users with a BlockFi Interest Account can also choose to set up recurring trades. Trades can be set to occur daily, weekly, or on the first 1st or 15th of the month. Its recurring trades feature makes BlockFi stand out among competitors.
Overall, the trading experience is straightforward for those accustomed to using financial apps or an online brokerage account.
BlockFi’s fee schedule is slightly different than many exchanges, which often charge straightforward maker/taker fees. While BlockFi does not charge trading fees, it does charge withdrawal fees and imposes withdrawal limits. With certain assets, you’re eligible for one free withdrawal per month. But with others, you will be charged a fee for every withdrawal. See BlockFi’s full fee schedule for more information.
BlockFi employs various user and platform security practices. To help prevent fraudulent activity on the platform, users will need to verify their identity when signing up for a BlockFi account. To do so, you’ll need to provide a government-issued photo ID as well as some basic personal information. BlockFi also offers optional two-factor authentication, which helps protect user accounts. Currently, two-factor authentication is not required of users but is encouraged.
BlockFi holds its funds in cold storage with its partners, including Gemini. Cold storage means that assets are held in storage that’s not connected to the internet, making them generally more secure.
Opening Up A Blockfi Account
Opening a BlockFi account is a relatively straightforward process. BlockFi requests personal information such as your legal name, address, and country of residence. In order to trade on the platform, you’ll need to complete an identity verification process, so it’s a good idea to have your photo ID on hand to save time.
BlockFi login offers a few different options for customer support, including the ability to submit a ticket, contact a representative over the phone, or chat with a chatbot. This is useful for customers who have questions or need assistance. In addition to its support options, users can also access BlockFi’s help center to get answers to common questions.