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 21, 2022
FTC Disclosure

How To Transfer From MetaMask To BlockFi 2022

MetaMask has a lot of promising features for decentralized internet security, including simplified blockchain transactions, dynamic password storage and secure cryptocurrency wallets.

However, MetaMask is not a crypto exchange in and of itself, and you may want to take advantage of different crypto platform's features, such as BlockFi's interest-earning accounts and crypto-backed loans.

MetaMask also operates entirely on the Ethereum blockchain, which means you can't swap your crypto out for fiat currencies like USD inside it directly.

Both MetaMask and BlockFi have great features for your crypto journey, and it probably makes sense to utilize both for different reasons.

Here are the step-by-step instructions on how to transfer your crypto from MetaMask 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. Create A BlockFi Account

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

If you already have up a BlockFi account, go on down to step 2!

To open a new BlockFi account, you'll need to have your social security number, phone number, a valid ID, and a real-time selfie.

BlockFi requires all of its users be at least 18 years of age before signing up. You'll have to create a password, agree with their ToS, and then start verifying your identity. This will involve taking a photo of the front and back of your license.

Once you've been screened and approved, you'll receive an approval email with steps to log in.

Usually this takes just a few minutes to process, but it can potentially take up to 2 business days, so sit tight.

2. Locate Your BlockFi Wallet Address

After your account is all ready to go, we can log in and start your deposit.

While the actual transfer procees will take place inside of MetaMask, we first need to grab your new BlockFi wallet address to send your crypto to the right place.

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

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

As a result, these are the only cryptocurrencies you can successfully send over from MetaMask over to BlockFi.

3. Complete The Withdrawal On MetaMask

BlockFi account set up? Check.

BlockFi wallet address copied? Check.

Now we can finally move your crypto into BlockFi!

Follow these steps to withdraw from MetaMask:

  1. Open your MetaMask app or browser extension and log in
  2. Click on "Send" button (found in the main menu icon in the top left corner in the app)
  3. Paste your BlockFi wallet address into the "Add Recipient" field
  4. Select the crypto you'd like to send, and decide the amount to transfer
  5. Choose your transaction fee and respective processing speed
  6. Review your gas fees and transaction details
  7. Press "Confirm" to complete your withdrawal

Right now, MetaMask's transaction fees are set to around $6 to $8.

You may want to consider sending more of your crypto over fewer transactions if possible, to avoid racking up some steep fees.

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