Crypto.com 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 Crypto.com to BlockFi!
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:
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.
Once you're signed in, you can start your deposit within the BlockFi app:
BlockFi currently supports Bitcoin, Ethereum, Chainlink, Litecoin, USDCoin, PAXG, DAI, Tether, UNI and BAT.
After you've copied your BlockFi wallet address, head into your Crypto.com mobile app to withdraw your crypto:
Before continuing, we'll have to add your BlockFi wallet into your crypto.com whitelist contacts:
It may take up to an hour or more for your transfer to process, sit tight.
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.