Cryptocurrencies are ruling the world nowadays. Blockfi is a popular platform used by many investors and traders while dealing with cryptocurrencies. You might feel the need to sell your cryptocurrencies at some point. Ever wonder how to sell crypto on Blockfi? No need to worry as you’re on the very right page! We have a post that has all the details regarding how to sell crypto on Blockfi.
Blockfi is a famous and widely used platform by various crypto enthusiasts worldwide. It has various benefits for its users. Blockfi is among those platforms that don’t charge transaction fees or don’t have any minimum deposit needed. It is a platform suitable for both beginners and advanced users. If you’re looking for a one-stop shop for all your crypto needs, Blockfi can be a suitable platform for you.
People often get confused about how to sell crypto on Blockfi. Well, it isn’t a tough task. You just need to follow certain steps and you can sell your cryptocurrency easily using the Blockfi platform. Login > Trade > Sell > Amount > Stablecoin > Confirm sell. Confused? This post has more detailed information regarding how to sell crypto on Blockfi.
Curious to know how to sell crypto on Blockfi? Here is a post covering all the relevant and crucial details regarding how to sell crypto on Blockfi. By reading the post, you’ll get all your confusion and doubts clear regarding selling cryptocurrencies using the Blockfi platform. So, let us not waste much of your time and discuss how to sell crypto on Blockfi but before that let’s find out what Blockfi is!
What Is Blockfi?
Blockfi is a popular platform used by many users around the world. It offers a crypto exchange, low-interest-rate loans, and interest-bearing accounts worldwide. There isn’t any transaction fee on trades and you don’t need to worry about the hidden fees or minimum balance. It is a great platform for beginner and intermediate crypto investors who’d like to bridge the gap between crypto and traditional finance.
Blockfi trading platform allows you to easily buy, sell, or trade a wide variety of cryptocurrency assets at competitive prices. You can start earning interest on crypto after the trade is placed. It is quite popular and has various benefits for its users. Let us now find out the pros and cons of Blockfi before discussing how to sell crypto on Blockfi.
What Are The Pros And Cons Of Blockfi?
It is important to know the advantages and disadvantages of a platform like Blockfi before knowing how to sell crypto on Blockfi. Here are a few important advantages and disadvantages of the Blockfi platform. Let’s quickly have a look at them.
Pros Of Blockfi
- It is a US-based platform.
- A regulated platform.
- Allows instant trades.
- No commission fee is charged.
- No monthly fee or minimum deposits are required.
Cons Of Blockfi
- No custodial or joint accounts.
- Loan rate and APY volatility
- Withdrawals from interest accounts are limited.
- Savings are not protected against bank failure.
These were the advantages and disadvantages of using the Blockfi platform. Let us now move further to find out how to sell crypto on Blockfi.
How To Sell Crypto On Blockfi?
Many users are often confused about selling cryptocurrencies using the Blockfi platform. If you are one of those looking for how to sell crypto on Blockfi, you need not worry. Here are the steps that you are needed to follow to learn how to sell crypto on Blockfi. So, let’s find out what these steps are!
1. Log In
The first step is to go to the Blockfi official website and log in to your account by entering your details like email address and password. Once you’ve logged in, you’ll land on a page with various options.
2. Trade
You can now open your trading window from the top of the page. Click on the Sell button from the pop-up. After that, you can choose the amount you’d like to sell your cryptocurrency for. Enter the amount in the relevant column and move to the next step.
3. Choose Cryptocurrency
You can now choose the cryptocurrency you wish to sell just below the space where you entered the amount. You cannot put your cryptocurrency into cash. You need to sell it for a stablecoin. So, now choose the stablecoin you’d like to sell your crypto for.
4. Sell
Once you’ve chosen the cryptocurrency and the stablecoin, you can press the Sell button just below. Check if everything is perfect from the pop-up. If everything seems correct, click on Confirm.
A pop-up will be displayed where it will be mentioned that you’ve sold your cryptocurrency. This is how to sell crypto on Blockfi. Follow the simple procedure and you can easily sell your preferred cryptocurrency on the Blockfi platform.
Wrapping-Up:
This post has all the relevant information related to how to sell crypto on Blockfi. We have provided you with all the necessary details that you must be aware of. We hope you’ve got an answer to how to sell crypto on Blockfi. If you find this post interesting and informative, don’t forget to share it with your known ones. Also, in case you’ve got any queries related to the post and how to sell crypto on Blockfi, you can drop them in the comment section below. We’ll help you get an answer to your questions as soon as possible.
Frequently Asked Questions
Q1. Can You Sell Cryptocurrencies On Blockfi?
A. Yes, Blockfi allows you to buy, sell, or trade cryptocurrencies like BTC, LTC, USDT, USDC, LINK, BAT, DOGE, BCH, USD-based stablecoins, etc.
Q2. Can You Withdraw USD From Blockfi?
A. Yes, you can initiate a withdrawal via bank transfer using the Blockfi crypto exchange platform within just a few steps.
Q3. Is Blockfi A Wallet?
A. Blockfi is more than just a wallet. It is a crypto exchange platform where you can buy or sell cryptocurrencies.
Q4. Can You Deposit USD Into Blockfi?
A. Yes, you can buy crypto with cash on the Blockfi platform. There is a simple procedure to buy cryptocurrency using cash.
