Road to Recovery: BlockFi Plans to Facilitate Crypto Withdrawals Soon

2023-6-13 15:00

BlockFi customers have received an email that states the company intends to allow crypto withdrawals this summer.

In 2022, there were several bankruptcies due to the contagion effect of the market crash. Exchanges and other related services paused customer withdrawals due to insufficient funds.

While many users are awaiting the restart of withdrawals, some bankrupt companies have already enabled customers to withdraw their funds.

BlockFi Will Permit Crypto Withdrawals From Wallet Account

According to emails, the bankruptcy court permitted BlockFi to enable withdrawals from the wallet accounts. After the order, the crypto lender says it has been working to reflect balances and client transactions on the user interface (UI).

Click here to learn how to set up a crypto wallet.

BlockFi didn’t give a precise timeline for enabling withdrawals, but it expects to complete necessary testing by this summer.

In the meantime, the crypto lender has asked its customers to set up external wallets to receive crypto securely. Lastly, when a particular customer is eligible for withdrawal, they will receive an email from the company.

While the wallet account users will soon be able to withdraw their funds, interest account users are awaiting clarification. A Twitter user wrote:

“Interest accounts are what matter. That’s the main business of BlockFi. So when interest account withdrawals?”

BlockFi filed for bankruptcy in November 2022 due to the impact of the FTX collapse.

Click here to learn more about the fall of the Sam Bankman-Fried empire.

Got something to say about BlockFi withdrawals or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or Twitter.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

The post Road to Recovery: BlockFi Plans to Facilitate Crypto Withdrawals Soon appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

withdrawals crypto plans blockfi interface asked user

withdrawals crypto → Результатов: 126


Filecoin (FIL) Gains Listing On 3 Major Crypto Exchanges; 542 Blocks Until Mainnet Launch

Filecoin (FIL), a decentralized file sharing platform, will launch its mainnet today amidst positive sentiments from the crypto community. In preparation for FIL's launch, two major crypto exchanges – Kraken and Winklevoss-backed Gemini – have announced the launch of deposits and withdrawals features for the token, a new trend in the crypto space.

2020-10-15 16:30


Coinbase Now Allows Instant WIthdrawals via Mastercard & Visa Debit Card

San Francisco-based Coinbase is now allowing instant cash withdrawal through Mastercard and Visa debit cards. “Don’t wait days for your cash when you need it now,” it says. In a move towards the defining characteristics of crypto, transacting instantly, and anywhere, anytime that is curbed by the traditional banking system, Coinbase is offering instant withdrawals […] The post Coinbase Now Allows Instant WIthdrawals via Mastercard & Visa Debit Card first appeared on BitcoinExchangeGuide.

2020-10-4 17:02


Winklevoss-Backed Gemini Exchange Rolls Out Zcash (ZEC) Shielded-Address Withdrawals For Transaction Privacy

A blog post on crypto exchange Gemini confirmed privacy-enabled Zcash (ZEC) users can now withdraw their tokens to private addresses instead of transparent addresses. Zcash provides users with a blockchain similar to Bitcoin but with added options to hide user data and transactions through the use of zero-knowledge proofs (ZKPs).

2020-9-30 16:54


Фото:

Пользователи биткоин-биржи Gemini получили возможность вывода Zcash на защищенные адреса

Принадлежащая братьям Уинклвоссам криптовалютная биржа Gemini добавила поддержку защищенных транзакций ориентированной на приватность криптовалюты Zcash для вывода средств. Gemini now supports shielded Zcash $ZEC withdrawals! This is an exciting moment for #crypto, marking the first time shielded $ZEC withdrawals are available on a regulated #exchange.

2020-9-30 13:08


Фото:

Shielded Zcash (ZEC) withdrawals are now available on Gemini

US-based crypto exchange Gemini, run by the Winklevoss twins, has recently added support for the so-called ‘shielded’ Zcash transactions. The move is meant to add yet another layer of privacy for ZEC users, Gemini enables private ZEC withdrawals Zcash (ZEC) is used by people around the world who seek additional privacy when it comes to crypto transactions.

2020-9-30 11:39


Фото:

В Канаде начала работу первая регулируемая криптовалютная биржа

Поддерживаемая братьями Уинклвоссами Wealthsimple Crypto получила статус первой регулируемой криптобиржи Канады. Во вторник, 22 сентября, платформа запустила торги для всех жителей страны. Wealthsimple Crypto is the simplest way to trade Bitcoin and Ethereum and now the wait is over! Get access to: ✔️ Canada's first regulated crypto platform ✔️ Simple, transparent pricing ✔️ No minimums or fees for deposits or withdrawals — Wealthsimple (@Wealthsimple) September 22, 2020 Пользователи могут торговать BTC и ETH через мобильное приложение Wealthsimple Crypto.

2020-9-23 19:12


Фото:

Online Premier Gaming Operator, Pnxbet, Introduces Instant Crypto Deposit and Withdrawal

Through a press release on June 22, online casino and sportsbook, Pnxbet, announced the introduction of instant crypto deposit and also withdrawals for its users. “The new Pnxbet website transaction times now enables the instant deposit and withdrawal of all supported cryptocurrencies, and faster transaction times for fiat bank transfers,” states the press release. It […]

2020-6-23 10:23


TRON Users get TronLink Browser Extension for Bitcasino Deposits and Withdrawals

Expanding on an already bustling e-gaming ecosystem, Bitcasino has integrated the TronLink browser extension to its platform, granting greater accessibility and security for TRON (TRX) users. E-Gaming and Crypto As Bitcoin and cryptocurrencies overall have risen in value and popularity over the past few years, the new digital economy has attracted swathes of users, spurring […] The post TRON Users get TronLink Browser Extension for Bitcasino Deposits and Withdrawals appeared first on NullTX.

2020-3-28 11:10


Is Crypto the Answer to Australian Banks Invading User Privacy?

Reports are emerging of Australian banks demanding customers complete detailed invoices over their use of funds as a condition for honoring transactions. Time for crypto to take over completely?  Australian Banks are Now Asking Invasive Questions Crypto reporter and analyst Alex Saunders has noted that he is receiving reports that banks are now demanding customers to explain what their money will be used for before honoring withdrawals.

2020-3-7 21:18


Upbit Crypto Exchange Reopens Ethereum (ETH) Wallet Services After $49 Million Hack

Upbit, one of the major crypto exchanges in South Korea, has restarted Ethereum (ETH) wallet services almost 2 months after being attacked by hackers for $49 million ETH. It has been officially made public that after an enhancement to its wallet security structure, Upbit is supporting deposits and withdrawals in ETH again. In a tweet from […]

2020-1-15 01:10


Coinbase Plans to Sunset $100 Million ‘Earn.com Portfolio’ to Focus on Coinbase Earn in 2020

Coinbase is planning to phase out Earn.com from their product portfolio and users have up to February, 2020 to make all withdrawals. The exchange had acquired this micro-task platform back in 2018 at around $100 million which was considered a significant investment within the crypto industry at the time. A recent email was sent out […]

2019-12-23 19:30


BitMEX Adds Native SegWit Support to Bitcoin Withdrawals, Non-Native Support Coming to Wallets

Popular crypto derivatives exchange BitMEX is now supporting native SegWit address format, Bech32 to withdraw Bitcoin, announced the exchange on Dec. 12. This upgrade is effective immediately. Starting now, BitMEX customers can withdraw to all three address formats, Bitcoin’s original address format Pay to Public Key Hash (P2PKH) whose address starts with number 1, Pay […]

2019-12-12 21:58