BlockFi, a cryptocurrency management platform, previously offered users the ability to manage their crypto portfolio through their dedicated mobile application. However, on November 28, 2022, BlockFi and some of its affiliated companies filed for chapter 11 bankruptcy in the United States Bankruptcy Court for the District of New Jersey. Consequently, several functionalities of the platform, such as transfers and withdrawals, are currently on hold.
Despite the current situation, users can still access the BlockFi app to review their past activities, access tax-related information, and update their account details when necessary. Additionally, the app offers users the ability to view their historical activity specifically related to various BlockFi products, including crypto trading, loans, the crypto rewards credit card, crypto interest accounts, and the crypto wallet product.
If you require further information regarding BlockFi's chapter 11 bankruptcy cases, please visit https://restructuring.ra.kroll.com/blockfi/.
Overview
BlockFi is a Freeware software in the category Business developed by BlockFi.
The latest version of BlockFi is 5.12.14, released on 10/15/2023. It was initially added to our database on 10/15/2023.
BlockFi runs on the following operating systems: Android/iOS.
Users of BlockFi gave it a rating of 3 out of 5 stars.
FAQ
What is BlockFi?
BlockFi is a financial services company that offers interest-earning accounts, crypto-backed loans, and trading services for digital assets.
How does BlockFi work?
BlockFi allows users to deposit their cryptocurrency into an account and earn interest on those holdings. Users can also take out loans using their cryptocurrency as collateral or trade digital assets.
Is BlockFi safe?
BlockFi takes security seriously and employs various measures such as cold storage of assets, two-factor authentication, and encryption to protect user funds and data.
What cryptocurrencies does BlockFi support?
BlockFi supports popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and stablecoins such as USDC and GUSD.
Can I withdraw my funds from BlockFi at any time?
Yes, users can withdraw their funds from BlockFi at any time without any penalties or fees.
Does BlockFi charge fees for its services?
BlockFi does not charge fees for deposits, withdrawals, or maintaining an account. However, there may be fees associated with certain transactions or services.
Is there a minimum deposit required to open an account on BlockFi?
Yes, there is a minimum deposit requirement to open an account on BlockFi. The specific amount may vary depending on the type of account you choose.
Does BlockFi offer customer support?
Yes, BlockFi offers customer support via email and phone to assist users with any inquiries or issues they may have.
Are there any withdrawal limits on BlockFi?
BlockFi has withdrawal limits in place for security reasons. The specific limits may vary based on user account verification levels and other factors.
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