Trading

BlockFi Trading: How to Use Trading

Published, 27 October, 2020

How Do I Trade Assets on BlockFi?

You have the ability to buy or sell assets within your BlockFi Account with the few clicks of a button! Please follow the instructions below to begin trading:

For US clients: Trading is restricted to the BlockFi Wallet. Please make sure to move any funds you wish to trade to your Wallet account first. Once you transfer funds out of your Interest Account, to your Wallet you will not be able to transfer them back into your Interest Account. See here for more information. Only Non-US clients are able to trade within the BlockFi Wallet or BlockFi Interest Account.

Desktop and iOS Mobile App

How to Buy:

Select the Buy button on your dashboard
Select the asset you wish to purchase
Enter the amount in USD or use the arrows to toggle cryptocurrency denomination
Confirm or change the bank account* (US clients only) or cryptocurrency you wish to "Buy With' towards your purchase
Select Review, acknowledge any disclaimers, and click Buy Now

How to Sell:

Select the Sell button on your dashboard
Select the asset you'd like to trade from
Enter the amount in USD or use the arrows to toggle crypto denomination
Select the asset you'd like to "Sell To". (Be mindful of the minimum trade amount!)
Select Review, which will prompt you to acknowledge the exchange rate before confirming the sale via the Sell Now button

Android Mobile App

How to Buy:

Select the Buy Sell button on the home screen
Select Buy*
Select the asset you wish to purchase
Enter the amount in USD or use the arrows to toggle cryptocurrency denomination
Confirm or change the bank account* (US clients only) or cryptocurrency you wish to "Buy With" towards your purchase
Select Review, acknowledge any disclaimers, and Buy Now

How to Sell:

Select the Buy Sell icon on the home screen
Select Sell
Select the asset you'd like to trade from
Enter the amount in USD or use the arrows to toggle cryptocurrency denomination
Select the asset you'd like to "Sell To" (Be mindful of the minimum trade amount!)
Select Review, which will prompt you to acknowledge the exchange rate before confirming the sale via the Sell Now button

*The trading window will default to your linked bank account, if applicable, for "Buy With"

Please Note: If you are purchasing via ACH, BlockFi may hold your funds for up to 60 days, subject to our Terms of Service here.

How Do I Set Up Recurring Trades?

The recurring trades feature enables you to automate your crypto purchases. When you fund your BlockFi Wallet, you can set automatic trades to buy cryptocurrencies on a daily, weekly, or monthly basis. Recurring trades can only be set within the BlockFi Wallet. Regular investing in crypto assets can help grow your wealth and allow your crypto to work for you.

Getting started is simple. Here's how it works:

Select the Buy or Sell option from your BlockFi Account.
Set a frequency for your recurring trade - either daily, weekly, or on the 1st or 15th of every month.
Select a cryptocurrency you want to buy or sell.
Enter the amount in USD or use the arrows to toggle cryptocurrency denomination
Select the Review, acknowledge any disclaimers, and tap Buy Now or Sell Now

Daily recurring trades will be executed between 10 AM ET and 11:59 PM ET. Weekly recurring trades will be set according to the day of the week selected. For example, if you set it on a Thursday it will be executed the following Thursday. For monthly recurring trades, you can choose either the 1st or the 15th of the following month for the trade to be executed.

Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi.

Last updated on September 27th, 2022

As of February 14, 2022, the BlockFi Interest Account (BIA) is no longer available to new clients who are US persons or persons located in the US and existing US clients with BIA accounts are unable to transfer new assets to their BIAs. Learn More.

BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access

BlockFi Trading LLC NMLS ID#1873137 | NMLS Consumer Access

Digital currency is not legal tender, is not backed by the government, and crypto accounts held with BlockFi are not subject to FDIC or SIPC protections. Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi. Rates for BlockFi products are subject to change.

BlockFi Rewards Credit Card: For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.

BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.

See blockfi.com/terms for more information.