Investing Simple Logo
Webull free stock promotionWebull is a free stock trading app that can allow you to earn compound interest by investing in the stock market.
Get Up To 12 Free Stocks Worth Up To $30,600!
Webull is a commission free stock and crypto trading platform. Right now, Investing Simple readers can get up to 12 free stocks with their current promotion. Open an account to receive 2 free fractional shares worth $3 to $300. Deposit any amount of money to receive 4 to 10 more free fractional shares worth $7 to $3,000. Promotion expires 10/31/2022.
Get $5 FREE Bitcoin From Coinbase Today
Coinbase is offering new users a $5 bonus paid in Bitcoin. All you have to do is make your first crypto purchase after signing up.
Written by Drew Cochran on January 23, 2022
FTC Disclosure

How To Transfer From To BlockFi 2022 is one of the most popular cryptocurrency platforms around for long term crypto investing, but their interest-earning options can be confusing and restrictive to newcomers.

On the other hand, BlockFi's interest accounts are more straightforward with a very user friendly platform.

Whatever your reason is for moving your crypto, we will show you how.

Here's a step-by-step guide on transferring crypto from to BlockFi!

Best Free Stock Promotions

Robinhood Logo1 Free Fractional Share Worth $5 To $200, 18 Companies To Choose FromDownload
Webull LogoWin Up To 12 Free Stocks Worth Up To $3,000 EachDownload
M1 Finance Robo Advisor$10 Bonus (When You Deposit $100+)Download
Moomoo LogoWin Up To 5 Free Stocks Worth $3 To $2,000 EachDownload
Acorns LogoFree $10 Bonus When You Invest $5+Download

1. Open A BlockFi Account

Already have BlockFi? Skip on over to step 2!

Use the button above to earn up to $250 in free Bitcoin!

To open a BlockFi account, you'll need the following:

  • Social security number
  • Phone number
  • Valid ID
  • A real-time selfie

Like most other crypto platforms, BlockFi requires you be 18 years or older before signing up. Also, there are states where BlockFi is not allowed, such as New York, Vermont and Texas.

You'll need to make a password, agree with the terms of service and begin the ID verification process. This includes taking a photo of the front and back of your license.

Once your information has been reviewed, and you've been accepted, you'll receive an approval email.

This final leg of the process can take up to 2 business days, but it usually only takes a few minutes.

2. Locate Your BlockFi Wallet Address

Once you're signed in, you can start your deposit within the BlockFi app:

  1. From your app or browser, click on the "Deposit" button
  2. Select the cryptocurrency you would like to deposit
  3. Copy your wallet address from BlockFi

BlockFi currently supports Bitcoin, Ethereum, Chainlink, Litecoin, USDCoin, PAXG, DAI, Tether, UNI and BAT.

3. Withdraw Your Funds

After you've copied your BlockFi wallet address, head into your mobile app to withdraw your crypto:

  1. Under your crypto account balance, click "Transfer"
  2. Choose the "Withdraw" button from the popup
  3. Select "Crypto" and then choose "External Wallet"

Before continuing, we'll have to add your BlockFi wallet into your whitelist contacts:

  1. On the top right corner, click on the plus symbol (+) to add your BlockFi wallet to your whitelist, don't use the "Paystring" option
  2. Choose the type of crypto you'd like to transfer
  3. Paste your BlockFi wallet address into the transaction
  4. Check the box "No Destination Tag", you don't need a tag because we're adding your individual wallet, instead of sending to another crypto exchange directly
  5. Click "Continue", and verify with your 2-factor authentication code
  6. Choose the amount of coins to withdraw
  7. Review the transaction details, and press "Withdraw"

It may take up to an hour or more for your transfer to process, sit tight.

Bonus Tip: Initiate A Test Transfer

In any cryptocurrency transaction, if you accidentally send the crypto to the wrong wallet, it's impossible to get it back.

Instead of transferring everything at once, consider sending two transactions to make sure you're sending it to the right place.

By sending a small confirmation transaction to your new wallet, you can ensure everything is correct. However, be sure to consider any transfer fees first.

Article written by Drew Cochran

Platform Reviews

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
Copyright © 2018 – 2022 Investing Simple LLC. All Rights Reserved.
Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Website managed by Stallion Cognitive™
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram