Understanding BlockFi Wallet for enhanced crypto safety

Exchange platforms make everything uncomplicated when it comes to trading and/or investing in cryptocurrencies. We explored and were extremely intrigued when we experienced the BlockFi exchange. And to your surprise, it also offers users to become members of the BlockFi wallet service, which has been chosen to be the star of the read. You’ll get to know about the wallet's pros and cons along with a very small list of compatible cryptocurrencies that you can work with via your account on the network.

What are the perks and downfalls of the wallet service?

This part of the read has been concentrated on helping you understand the advantages and disadvantages that the exclusive BlockFi Wallet brings to the table. So, read through the enlisted and make sure that you decide the best for your crypto funds:

Wallet Perks

  • The service portal can enable crypto investors to earn exciting interests
  • Investors have the authority to buy, sell, and even trade in their chosen crypto via the wallet
  • To have access to cash, users are eligible to have crypto-based loans sanctioned
  • Traders do not need a separate account, they can sign up with their BlockFi exchange account
  • It is available for use on both website and mobile applications that offers great ease

Wallet Downfalls

  • All US accounts had to be shut down under a cease-and-desist order from the SEC
  • Serves traders with a choice of over 20 digital assets as compared to the other wallet services
  • Some crypto variants are restricted to not be withdrawn by the customers

Don’t have an account? Sign up for BlockFi today!

This part of the read is to help you register for an account on the BlockFi network so that you can use the service as and when you decide:

  1. From a website, navigate yourself to the official BlockFi exchange.
  2. Go ahead with the “Get Started” option, just as you see it.
  3. Move on to submit details that are deemed necessary by the service.
  4. Submit the data with a validity check and acquire an account.

Note: Now, you can use the same account credentials to log into the BlockFi Wallet service.

What are the compatible digital assets on BlockFi?

Well, we told you that the service platform only supports a little over 20 digital assets, and we prepared this section to share the list of the most popular ones:

  • Bitcoin
  • US Dollar Coin
  • Chainlink
  • Tether
  • Dai
  • PaxGold
  • Ethereum
  • Litecoin
  • Gemini Dollar

Conclusion

This short and precise read has been prepared to tell you about the exclusive BlockFi exchange with a major focus on the launched BlockFi Wallet. Read through the above sections, you know the pros and cons to decide whether you want to follow the sign-up steps and then know the list of crypto you can store, stake, and/or trade in.

Comments

Post a Comment

Popular posts from this blog

Go for Institutional investing with a Coinbase Prime login

Image
  You might have already stepped into the crypto world and have come across a new exchangeCoinbase Prime. It seems like you are here looking for the same. In this read, we will walk you through the highlighted aspects of this exchange so that you can draw a rough picture of this platform and further make a decision on what to do next. With a Coinbase Prime login, you can access real-time and historical analysis for the derivatives market. This helps you to track the market movements of the top crypto assets. If we consider the major users of this exchange, the platform is specially built for businesses, investors, non-profit organizations, and brokerages. An overview of Coinbase Prime Coinbase Prime is a secure crypto platform designed for institutional investors to benefit their organization. The platform holds all the sophisticated tools that an investor needs to trade in this world. Being a cloud-based software, it does not require any additional hardware or downloads. The “Coin...
Read more

Troubleshooting tips for MetaMask sign in issues

Image
Nowadays, MetaMask is a prominent name in the crypto industry and is trusted by millions of crypto traders globally. All because of its state-of-art security measures &easy-going interface. Well, if you don’t know what the MetaMask is? In a nutshell, MetraMask is a software-based Ethereum wallet available for both PC and mobile users in form of a browser extension and mobile application respectively. One can access all its amazing features just after MetaMasksign in. Now, heading up to our core topic for this blog post- How can you fix the MetaMask issues?  Well, sometimes while working on MetaMask, you may get some errors such as you may get an error saying “Incorrect username, email or password” or you may get a blank screen and many more. Almost every user comes across these temporary errors. These errors are easily resolvable by implementing a few fixes. There is one point to note in order to resolve these issues that, you should know the cause behind that issue. Firstly, t...
Read more

Approach to set up two-factor authentication on Coinbase.com

Image
If you have been participating in the crypto economy for some time, you might have heard about Coinbase so many times. There is a reason behind this- Coinbase is a prominent gateway to the crypto world as well as reliable to millions of users across the world! You may ask the question, what is Coinbase? So, the answer is, it is exactly same as it sounds- A digital base to buy, sell, tradeand store coins. If I talk about the specialities of this Coinbase.com, it includes the top-notch security of your digital assets in this exchange. 2 Factor authentication is a security feature that protects your  coinbase.com login  account. If you want to give an extra layer of security to your account. 2FA set-up will safeguard your account and protect it from several cybercriminals and malware emerging these days. Well, now coming to the high point of our blog- How to set up this 2-factor authentication in your account. Let’s begin it without any further delay. Way to set up the 2FA in Coi...
Read more