Investing Simple Logo
Menu
Get $5 FREE Bitcoin From Coinbase Today
Coinbase is offering new users a $5 bonus paid in Bitcoin. All you have to do is verify your new account or make your first crypto purchase.
Written by Drew Cochran on January 22, 2022
Category: 
FTC Disclosure

How To Transfer From KuCoin To BlockFi 2022

The KuCoin exchange may have a lot to offer seasoned crypto users, but it can be complicated to use for beginners.

While users can sign up nearly anonymously, KuCoin is currently not legal in the US and a number of other countries. 

BlockFi, on the other hand, is legal in the United States.

However, there are a few states that do not allow it such as New York, Vermont and Texas. Nonetheless, it is a much more reputable platform for US-based crypto investors.

Today we're going to show you how to transfer your crypto from KuCoin to BlockFi step by step.

Best Crypto Promotions

ExchangePromotionLink
BlockFi$15 To $250 Free Bitcoin When You Deposit $100+Download
Trade cryptocurrency with Coinbase$5 Free Bitcoin When You Verify Account/Make 1st DepositDownload
SoFi Robo Advisor$10 To $100 Free Bitcoin When You Buy $50+ CryptoDownload
Webull Logo$5 Free Crypto (Choose From 5) For Completing 1st Crypto TradeDownload
okcoin 1$10 Free Bitcoin When You Buy $100+ CryptoDownload

1. Create A BlockFi Account

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

Already have a BlockFi account? Skip over to step 2!

When opening a BlockFi account, you'll need to have the following:

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

Like most other exchanges, BlockFi requires all of its users be 18 years or older to sign up.

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

When everything's been checked and BlockFi approves your account, you'll receive an approval email.

Getting verified and approved usually only takes a few minutes, but it could potentially take up to 1-2 business days.

2. Locate And Copy Your BlockFi Wallet Address

Before we go into KuCoin, we'll need to grab your BlockFi wallet address.

After setting up your account, you can log in and start your deposit.

  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 to paste into the following KuCoin transfer

We won't be finishing the deposit here, but inside of the KuCoin app instead.

At time of writing, BlockFi only supports Bitcoin, Ethereum, Chainlink, Litecoin, USDCoin, BUSD, PAXG, USDP, DAI, Tether, UNI and BAT.

These are the only cryptocurrencies you will be able to send over from KuCoin to BlockFi.

3. Transferring From KuCoin Into BlockFi

Finally, we will go to KuCoin and make the withdrawal.

KuCoin has minimum withdrawals that vary from coin to coin, so make sure you have enough of it in your account before trying to transfer.

They also have varying withdrawal fees to be aware of. You should consider the fees before initiating the transfer.

Log into KuCoin, and follow these steps to finalize your transfer:

  1. Click on the "Assets" tab (on mobile, you can find this at the bottom of the main screen)
  2. Choose "Withdraw"
  3. Decide which crypto you want to withdraw (making sure the coin is one that BlockFi supports!)
  4. Paste your BlockFi wallet address
  5. Decide the amount you'd like to send to BlockFi
  6. Confirm the Tamper-Proofing information to prevent malicious theft
  7. Enter your 6-digit trading password
  8. Next, enter your email address or phone number to receive a timed verification code
  9. Enter the code into your transaction before the time limit
  10. Enter your 2FA code from your Google Authenticator mobile app
  11. Review transaction details, making sure everything is correct
  12. Press "Confirm", and your transaction will start processing

KuCoin withdrawals normally take around 30 minutes to process.

You can view your withdrawal's status on the "Deposit & Withdrawal History" page.

how to transfer from kucoin to blockfi
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
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
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.
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.
Developed by Stallion Cognitive
magnifiermenuchevron-downcross-circlechevron-down-circle
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram
Copy link
Powered by Social Snap