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How to Withdraw Money from BlockFi Wallet? [Easy Guide 2024] Leave a Comment / February 19, 2024
5 (1) BlockFi has emerged as a popular platform for earning interest on cryptocurrency holdings, but many users may wonder about the process of withdrawing funds when needed. Withdrawing money from BlockFi is a straightforward process, and this guide will walk you through the steps to withdraw money from BlockFi Wallet to ensure a smooth experience. Read More: How Do I Contact Uniswap Support
Table of Contents
Steps to Withdraw Money from BlockFi
How to Withdraw Money from BlockFi Wallet? [Easy Guide 2024]
February 19, 2024 5 (1) BlockFi has emerged as a popular platform for earning interest on cryptocurrency holdings, but many users may wonder… Read more
Step 1. Log in and Access Withdrawals Open your web browser and visit the website. Enter your login credentials and sign in to your BlockFi account. Once logged in, navigate to the “Withdraw” section. This might be located under your account options or the main dashboard.
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February 17, 2024
Step 2. Choose Cryptocurrency and Amount On the “Withdraw” page, select the cryptocurrency you want to withdraw from your BlockFi Wallet.
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Enter the withdrawal amount in the designated field. Ensure you have sufficient funds available in your wallet.
Step 3. Provide Recipient Address Carefully enter the recipient’s wallet address where you want to receive the withdrawn
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cryptocurrency. This address should be compatible with the chosen cryptocurrency type.
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Double-check the address for accuracy to avoid sending your funds to the wrong recipient for
February 16, 2024
Withdraw Money from BlockFi Wallet.
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Step 4. Review and Confirm Before finalizing the withdrawal, thoroughly review the details displayed on the screen. This includes the chosen cryptocurrency, withdrawal amount, recipient address, and any applicable fees. If everything is correct, confirm the transaction for BlockFi Wallet withdrawal by following the on-screen instructions. This might involve entering a confirmation code or completing additional security steps.
Additional Considerations Allowlisting: Before initiating a withdrawal, ensure “Allowlisting” is enabled in your “Profile Settings” under “Crypto Addresses”. This adds an extra layer of security by requiring confirmation for new withdrawal addresses.
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Identity Verification: You might be prompted to complete an identity verification process before your withdrawal is processed. BlockFi will provide instructions via email. Read More: How to Add Money to Venmo from Cash App
Remember This guide applies specifically to withdrawing directly from your BlockFi Wallet. Withdrawals for BIA and Loan accounts are currently unavailable. As of February 19, 2024, withdrawals are only possible in cryptocurrency, not fiat currency. By following these steps and considering the additional points, you can successfully withdraw your digital assets from your BlockFi Wallet. However, it’s crucial to stay informed about the evolving situation and refer to BlockFi’s official resources for the latest updates and procedures.
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