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Written by Drew Cochran on January 23, 2022
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How To Transfer From Crypto.com To BlockFi 2022

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!

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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 Crypto.com Funds

After you've copied your BlockFi wallet address, head into your Crypto.com 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 crypto.com 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
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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.
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Fundrise
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.
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