BlockFi Licenses
Terms of Service
Wallet Terms
Interest Account Terms (Existing-US)
Interest Account Terms (Non-US)
Private Client Terms
Trading Terms
ACH Terms
Debit Card Payment Terms
BlockFi Rewards Program and Crypto Rewards Account Terms
BlockFi Rewards Visa Signature Card Agreement
Regulatory Developments
BlockFi Licenses
U.S. Licenses
Non-U.S. Licenses
U.S. Trading Availability
U.S. ACH and Wire Availability
Disclosures and Complaints
Prohibited Uses
Privacy Policy
Security
Accessibility
SMS Policy
Sweepstakes and Contest Terms
BlockFi Licenses
BlockFi and its affiliated entities hold the following licenses.
U.S. Licenses
| State | License Type | Agency | License # | Authorized Names |
|---|---|---|---|---|
| AL | Consumer Credit License | Alabama State Banking Department | MC22568 | BlockFi Lending LLC |
| AL | Money Transmitter License | Alabama Securities Commission | BlockFi Trading LLC | |
| CO | Supervised Lender’s License | Colorado Department of Law | 4000047 | BlockFi Lending LLC |
| FL | Money Services Business License | Florida Office of Financial Regulation | FT230000280 | BlockFi Trading LLC |
| IA | Master Loan Company Registration | Iowa Division of Banking | 88893565 | BlockFi Lending LLC |
| IA | Nonresident Regulated Loan Company Branch License | Iowa Division of Banking | Branch ID 2146245 | BlockFi Lending LLC |
| IL | Money Transmitter License | Illinois Department of Financial & Professional Regulation | MT.0000372 | BlockFi Trading LLC |
| IL | Consumer Installment License Certificate | Illinois Department of Financial & Professional Regulation | CI.0004435-H | BlockFi Lending LLC |
| KS | Supervised Loan License | Kansas Office of the State Bank Commissioner | SL.0026692 | BlockFi Lending LLC |
| MD | Consumer Loan Authorization | Maryland Commissioner of Financial Regulation | 1643 | BlockFi Lending LLC |
| MD | Money Transmitter License | Maryland Commissioner of Financial Regulation | 12-1873137 | BlockFi Trading LLC |
| MI | Regulated Loan Act License | Michigan Department of Insurance and Financial Services | RL 0021553 | BlockFi Lending LLC |
| MN | Regulated Loan License | Minnesota Department of Commerce | MN-RL-1737520 | BlockFi Lending LLC |
| MO | Small Loan License | Missouri Division of Finance | 367-20-8666 | BlockFi Lending LLC |
| NC | Money Transmitter License | North Carolina Commissioner of Banks | 187117 | BlockFi Trading LLC |
| ND | Money Broker License | The North Dakota Department of Financial Institutions | MB103768 | BlockFi Lending LLC |
| NJ | Money Transmitter License | New Jersey Department of Banking and Insurance | 1904236 C22 | BlockFi Trading LLC |
| OH | Consumer Installment Loan Act License | Ohio Division of Financial Institutions | CI.550020.000 | BlockFi Lending LLC |
| OH | Money Transmitter License | Ohio Department of Commerce Division of Financial Institutions | BlockFi Trading LLC | |
| OK | License of Authority | Oklahoma Office of the Administrator of Consumer Credit | 87760 | BlockFi Lending LLC |
| PA | Consumer Discount Company License | Pennsylvania Department of Banking and Securities | 66140 | BlockFi Lending LLC |
| PR | Money Transmitter License | Puerto Rico Office of the Commissioner of Financial Institutions | TM-104 | BlockFi Trading LLC |
| RI | Currency Transmitter License | State of Rhode Island Department of Business Regulation | 20204055CT | BlockFi Trading LLC |
| RI | Lender License | State of Rhode Island Department of Business Regulation | 20214155LL | BlockFi Lending LLC |
| SC | Money Transmitter License | South Carolina Office of the Attorney General Money Services Division | BlockFi Trading LLC | |
| TN | Industrial Loan and Thrift Certificate of Registration | Tennessee Department of Financial Institutions | 4071 | BlockFi Lending LLC |
| TN | Money Transmitter License | Tennessee Department of Financial Institutions | 1873137 | BlockFi Trading LLC |
| TX | Money Services Business License | State of Texas Department of Banking | 3210 | BlockFi Trading LLC |
| UT | Acknowledgment of Consumer Credit Notification | Utah Department of Financial Institutions | BlockFi Lending LLC | |
| WA | Money Transmitter License | State of Washington Department of Financial Institutions | 550-MT-121212 | BlockFi Trading LLC |
Non-U.S. Licenses
| Jurisdiction | License Type | Agency | Authorized Names |
|---|---|---|---|
| Bermuda | Class F Digital Business Assets License | Bermuda Monetary Authority | BlockFi International Ltd. |
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.
U.S. Trading Availability
| State |
|---|
| Alabama |
| Alaska |
| Arizona |
| Arkansas |
| California |
| Colorado |
| Connecticut |
| Washington DC |
| Delaware |
| Florida |
| Georgia |
| Hawaii |
| Idaho |
| Illinois |
| Indiana |
| Iowa |
| Kansas |
| Kentucky |
| Louisiana (Crypto Pairs Only) |
| Maine (Crypto Pairs Only) |
| Maryland |
| Massachusetts |
| Michigan |
| Mississippi |
| Missouri |
| Minnesota |
| Montana |
| Nebraska |
| North Carolina |
| North Dakota |
| Nevada |
| New Hampshire |
| New Jersey |
| Ohio |
| Oklahoma |
| Oregon |
| Pennsylvania |
| Puerto Rico |
| Rhode Island |
| South Carolina |
| South Dakota |
| Tennessee |
| Texas |
| Utah |
| Virginia |
| Washington |
| Wisconsin |
| Wyoming |
U.S. ACH & Wire Availability
| U.S. ACH and Wire Availability |
|---|
| Alabama |
| Alaska |
| Arizona |
| Arkansas |
| California |
| Colorado |
| Connecticut |
| Washington DC |
| Delaware |
| Florida |
| Georgia |
| Hawaii |
| Idaho |
| Illinois |
| Indiana |
| Iowa |
| Kansas |
| Kentucky |
| Massachusetts |
| Maryland |
| Michigan |
| Minnesota |
| Missouri |
| Montana |
| Nebraska |
| Nevada |
| New Hampshire |
| New Jersey |
| North Carolina |
| North Dakota |
| Ohio |
| Oklahoma |
| Oregon |
| Pennsylvania |
| Puerto Rico |
| Rhode Island |
| South Carolina |
| South Dakota |
| Tennessee |
| Texas |
| Utah |
| Virginia |
| Washington |
| Wisconsin |
| Wyoming |
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.
2022 © All Rights Reserved.
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.
2022 © All Rights Reserved.