Blockfi reddit 2021

  • Blockfi reddit 2021. Business, Economics, and Finance. Crypto. This thread is archived New comments cannot be posted and votes cannot be cast Related Topics Bitcoin Crypto comments sorted by Best Top New Controversial Q&A AlwaysMooning • Additional comment actions. kroll. reReddit: Top posts of January 2021. Log In / Sign Up; A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. reReddit: Top posts Doesn't matter if your paypal email is different than your blockfi email. Most Everyone that was on the list for the credit card got an email from BlockFi asking them to confirm their details. Considering starting a BlockFi account and sending over 2. Reply reply More replies. I'm using a browser to visit Advertisement BlockFi is trying to rectify a series of mistaken high-value Bitcoin payouts to users who participated in a promotional scheme this year. BlockFi's website is VERY simple when it comes to withdrawing to your bank. People deserve to know before they get ripped. The company's mission is to maximize the value and utility of digital assets through our comprehensive product suite including advanced trading solutions, liquidity aggregation, tax-efficient asset-backed credit lines, a high-yield Earn Interest product, as well as the Nexo Platform and Nexo Wallet with their top-tier Posted by u/aagolden - 2 votes and 2 comments Crypto. reReddit: Top posts of February 2021 A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. Reply reply immforinsfu • Sounds good! Reply reply TheBeatingDevice • I just got an email from them stating it’s coming out in a few weeks and to ensure my contact A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. BlockFi does now and intends to, going forward, take on secured - Also like that they (Blockfi) did not launch their own stable coin - very little risk of some regulator coming years after the fact and saying it is a security, imposing a fine etc. ) Members Online • myminirocks. So no BIA funds were used to pay off BlockFi loan customers balances. It reflects our consensus Hi, which platform offers the lowest network fees? E. Top posts of August 31, 2021. (Please note that this subreddit My portfolio is 90% allocated to cold storage and 10% in yield generating deposit accounts such as BlockFi. io to maximize returns. Reply reply [deleted] • [removed] Reply reply scaredalpaca • It’s gimmicky I am withdrawing all my other cryptos from my BlockFi account and cross my fingers they are completed as scheduled ***July 6 - UPDATE**BlockFi FINALLY completed the BTC withdrawal - but not without an unnecessary 4-day delay! The bitcoin they held earned interest (~$14 worth) which I cannot withdraw because it is less than the minimum 0. I just got my 2020 1099-MISC and I'm curious how those of you who use Turbotax are reporting it. And as I said, I have done it since successful transaction I’m waiting for the funds like the rest of us, but my verification did not come from My coinbase and blockfi email addresses were different, so I updated my email addy on BlockFi when they sent the email about the linkage, but I'm still receiving their emails at my old blockfi email, so I dunno if they'll actually link my accounts Posted by u/devth - 5 votes and 23 comments For artists, writers, gamemasters, musicians, programmers, philosophers and scientists alike! The creation of new worlds and new universes has long been a key element of speculative fiction, from the fantasy works of Tolkien and Le Guin, to the science-fiction universes of Delany and Asimov, to the tabletop realm of Gygax and Barker, and beyond. 5% to 9. Technically, this is a "payment of. Posted by u/Happy-Imagination850 - 2 votes and no comments Posted by u/Happy-Imagination850 - 1 vote and no comments The first interim distribution will be for creditors who did not cash out their funds from BlockFi by 28 April 2024 at 23:59 UTC or submit Identity Verification information requests to BlockFi by 10 May 2024 at 23:59 UTC. , et al. I see a lot of “early 2021” , “end of Q1” , “April” Does anyone have Advertisement Coins. Everyone that was on the list for the credit card got an email from BlockFi asking them to confirm their details. You should asses this requirements when opening the account. Reddit Get the Reddit app Scan this QR code to download the app now. What BlockFi emailed: Confirm that your social security number, name, date of birth and phone number are correct and up to date in your BlockFi account. 38 & ETH - $4,453. 26K subscribers in the blockfi community. Wallet withdrawals are currently available to most customers, while In May 2021, digital asset lender BlockFi mistakenly offered one of the most generous promos in the crypto industry. Why? (E. Valheim Genshin Impact Minecraft Pokimane Halo Infinite Call of Duty: Warzone Path of Exile Hollow Knight: Silksong Escape from Tarkov Watch Dogs: BlockFi lets you earn passive income from your crypto assets. FTX will have a hearing early next month that could see its reorganization We compare and contrast BlockFi vs Coinbase ️ account types ️ perks ️ security ️ cryptos ️ fees ️ limits ️ recommended alternatives. I can’t take advantage of getting paid in Cel or Nexo token. Valheim; Library Genesis (LibGen) is the largest free library in history: giving the world free access to 84 million scholarly journal articles, 6. Reply More posts you may like. Rest assured, your crypto held with BlockFi will always be your crypto. BlockFi is 11 votes, 12 comments. The team notes that they anticipate raising additional capital in the future to facilitate continued product development and rapid growth. Figuring out taxes Question I didn't sell anything this year. Log In / Sign Up; Advertise on A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. tldr; BlockFi, the crypto lending platform, has emerged from bankruptcy and is now able to pay back some of its creditors. Is my money safe? "The BIAs are unsecured credit of BlockFi. The best recent example is Binance shutting down for US customers, and US customers had 4 months to withdraw funds before accounts being frozen (and US people are still using Binance. Been using Blockfi for a long while now and it's awesome, 6% on my BTC which, prior to Blockfi, was just sitting around not doing anything. 5% for USDT (although I’m still hesitant about USDT). ra. BlockFi lowering rates actually gave me more confidence in the platform. BlockFi bietet Dir die Möglichkeit, Zinsen mit Krypto zu verdienen und somit – egal The BlockFi Interest Account (BIA) allows you earn compound interest on your Bitcoin (BTC) and Ethereum (ETH) deposits. NFL NBA Megan Anderson Atlanta Hawks Los Angeles Lakers Boston Celtics Arsenal F. Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. - One advantage of Blockfi is that your stable coin balance can be use to buy BTC. com Visa Card — the world’s most widely available crypto card, A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. reReddit: Top posts of February 17, 2021. reReddit: Top posts of 2021 &nbsp; &nbsp; TOPICS. everbridge. As of March 2021, the platform has over 265,000 retail and 200,000 institutional Get the Reddit app Scan this QR code to download the app now. reReddit: Top posts of August 2021 Get the Reddit app Scan this QR code to download the app now. Did not withdraw or transfer more than $7,575 worth of digital assets from their BlockFi Interest Account (BIA) or BlockFi Private Client (BPC) on or N26 bank Europe /r/number26bank has gone dark indefinitely in protest of reddit's recently announced API policy change. reReddit: Top posts of February 19, 2021. I can assure you that our teams are fully aware that having an in-app notification would be ideal, but due to platform limitations for some, communicating this via email is the best way to ensure all of our clients receive this communication. BlockFi 1099-B is going to get a lot of people audited. net> To: This is the Reddit community for the University of North Carolina at Charlotte, a public research university located in Charlotte, North Carolina. and International, Federal, State, or local. The downside is that blockfi has changed addresses before. ” A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. Random_Person_246810 • The most obvious solution is push back Don’t want to be a smart ass, but their rates dropped to an unworthy amount back in April 2021 and so for me everything was taken off onto other services. ” The firm Considering starting a BlockFi account and sending over 2. BTC is up what? BlockFi sent an email today about a "Withdrawal Fees Update". I then authenticated for the THIRD time. true Yeah the worst part with past management is the misleading information to gain investors funds. As a regulated financial institution, BlockFi is required to periodically collect information to verify the identity of its clients. reReddit: Top posts of August 28, 2021. Gaming. 28K subscribers in the blockfi community. On May 31, 2023, Reddit announced they were raising the price to make calls to their API from being free to a level that will kill every third party app on Reddit, from Apollo to Reddit is Fun to Narwhal to BaconReader. com serves over 80 million customers today, with the world’s fastest growing crypto app, along with the Crypto. Or check it out in the app stores A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. Celsius is the best looking UI by far, and some of the highest rates, but one of the least safe as well. I enter my log in credentials into plaid and then I select my phone number and tell Plaid to send me a text message verification code. com and its 50,000+ readers to debate finance, investing, financial news, personal finance, real estate, stocks and crypto (from different view points). Or check it out in the app stores Been very happy with buying on blockfi and then transferring. You can use BlockFi to open an interest account, take out crypto In diesem Review zeige ich Dir meine persönlichen BlockFi Erfahrungen, insbesondere mit dem BlockFi Interest Account (kurz BIA). All this led to Binance. The pay it instead of the user for just the first withdrawal every month. Reply-To: BlockFi Status <conf-65faf5d4e32d8528d6274ead-65faf5d1ea763807981ee604 @smtpic-ne. This Ndax Reddit Community is a group where users can discuss features, trading, cryptocurrency and Ndax! #Bitcoin #Ethereum #XRP #Cardano #CryptoStaking reReddit: Top posts of May 27, 2021. Question It states “USDT is withdrawn via Not too good to be true at all. (Please note that this subreddit is not affiliated with BlockFi. Or check it out in the app stores Home; Popular; TOPICS A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. If you have a billing or technical issues please submit a ticket on the website I'd like to deposit bitcoin to my blockfi account, but there is no wallet address to copy, only a QR code is displayed. BlockFi sent email to people after they signed up to get the credit card. Please press "See Community Info. So Voyager isn't a primary lending company. ) reReddit: Top posts of December 15, 2021. 12, but I can't see to find a way to access the App Configuration settings on the mobile app anymore. Now, BlockFi is preparing to file for bankruptcy, per @WSJ. Hello everyone, so I've been using BlockFi since September and have had no issue thus far. Ledn has slightly higher rates than BlockFi but terrible UI/mobile comparability. I was able to 61 votes, 27 comments. On blockfi you get a free transfer per month so I load my money into blockfi as gusd. everyone is a genius because the money is pouring in. Open menu Open navigation Go to Reddit Home. Voting Deadline is Sept 11, 2023 at 4:00pm Eastern Time . Read our BlockFi review to find out how it works, what it offers and how to get started. I'm excited to let compounding go to work on my cryptocurrency balances (Einstein's eighth wonder of the world and all that), but have grown curious about some of the mechanics behind what my 1099 from BlockFi will show come income tax time. I said, "And tell them what? How are they going to know what to do about something pending on your web site?" Answer from BlockFi customer service: "I don't know. Reddit BlockFi can recover from this but it’ll depend on the outcome of this situation. 5% until July to incentivize people to transfer out their bitcoin into USDC so BlockFi can buy BTC at a cheaper price. BlockFi is designed to help you trade cryptocurrency and manage your money, all on the same platform. I came across BlockFi, which offers 9% for USDC & 9. Makes sense and sounds like a good security mechanism. A $100-$1499 Last year, Cade Cunningham signed a deal with BlockFi, receiving 100% of his signing bonus in bitcoin. , both subsidiaries of Tokyo-based Sony Group Corporation. Once a trade is executed, your new crypto asset will start earning interest in your BlockFi Interest Account But using Blockfi has made it much worse. You can't transfer BTC, ETH, LINK, UNI, PAX, USDT or LTC to your bank account but only another "address" = exchange or wallet. I too like to live by the Prohashing latest review on different CeFi platforms (stop recommending BlockFi on May 22, 2021) upvotes · comments. has any UK resident blockfi subscriber been able to get a (crypto backed) loan approved by BlockFi? Reply reply reReddit: Top posts of February 2, 2021. Kroll is working with Digital Disbursements, a third-party payment provider, to provide you with a distribution on account of your BlockFi claim. When I decided to use BlockFi back in 2021 my idea was that since they have a credit card business and getting interest on loans they should have a sustainable and profitable business model. So sure 6 figures as long as you have 7 figures socked away. I have too large ACH withdrawals from Blockfi in the past two months. 2021-01-17 First Update Filed request on their website help form - received auto-reply. Blockfi can pay such high APY because loan rates are between 12-15%. Hey all, Throwaway account here. Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. Reply reply BlockFi started lending money to Alameda Research around the end of 2020 or early 2021, Prince said, in what he recalled were “very robust loan agreements. Today's Production Update. BlockFi. Reddit . ADMIN MOD I’m confused by the USDT Withdrawal warning . A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. To access the Online Ballot Submission Portal, you will need your unique E-Ballot ID number. We can confirm that noreply@digitaldisbursements. r/CryptoCurrency • Get the Reddit app Scan this QR code to download the app now. reReddit: Top posts of May 11, 2021 Blockfi only handles rewards, the actual credit card is managed by Deserve To learn more you may call Deserve to discuss further at +1(833)426-0304. Upvotes & Downvotes moderate this community! I made a successful withdrawal from my wallet. Chatted with the agent, he said it should show the correct amount in a few days. They lend to 3 companies, Bitgo, Galaxy Digital, and one other. In Tuesday’s World Series Game 4 at Yankee Stadium, New York is going to start rookie Luis 10 votes, 19 comments. Note: Reddit is dying due to terrible leadership from CEO /u/spez. Reddit is dying due to terrible leadership from CEO /u/spez. Logged into Scratchit shows I still owe the full amount. ) Members Online • arno_19 . ) Reddit's largest community for the discussion of replica fashion. I initiated a withdrawal. 05 GUSD but the balance shows $0. Currently I have my BTC in my exchange wallet but I was wondering if it would be a good idea to keep BTC in a high interest account like Blockfi. This thread is archived New comments cannot be posted and votes cannot be cast comments sorted by Best Top New Controversial Q&A throawaydev • • Additional comment actions. (you only need 10% NEXO tokens vs Celsius crazy high 30% for the best rates) BlockFi = Best for bitcoin. I am not A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. Top posts of December 6, 2021. Log In / Sign Up; Advertise I got paid . GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. prd1. , I have BlockFi lets you earn passive income from your crypto assets. Real 1:1 clothing era is coming. The company's mission is to maximize the value and utility of digital assets through our comprehensive product suite including advanced trading solutions, liquidity aggregation, tax-efficient asset-backed credit lines, a high-yield Earn Interest product, as well as the Nexo Platform and Nexo Wallet with their top-tier In the end, Blockfi is neither a design house like Apple, or a financial elitist fiat company like American Express. In Nov, Blockfi had approx 4b in deposits. Supernote, an user co-design product. In order to receive interest payments paid out every month in either Bitcoin or Ethereum, it’s just Please read these answers before posting the same question that has been answered numerous times. I did manage to get his supervisor to email me why I couldn't login, something to do with 32 votes, 30 comments. /r/libgen and its moderators are not directly affiliated with Library Genesis. Here is the reddit post World Series Game 4, presented by Capital One: Tuesday, 8 ET/5 PT on FOX. If you are convenience claim (< $3k BlockFi, the cryptocurrency trading company, accidentally deposited Bitcoin worth tens of millions of dollars into users' accounts earlier this week, instead of USD stablecoin Bitcoin and crypto lender BlockFi has been incorrectly depositing and then trying to reverse excessive amounts of bitcoin to users’ accounts, according to people who spoke to BlockFi vs. Or check it out in the app stores &nbsp; If I enable "allowlisting" in BlockFiI get I can't use a new bank account to transfer for 7 days. Log In / Sign Up; Advertise on Blockfi was actually downgraded in his latest update to no longer recommended. What I'm not clear about though is, if once I have setup the back account, and well past the 7 day requirement, and So I sign up for BlockFi, apply for the credit card too, and then after I get it would my stable coin interest rate for USDC (for example) go from 7. com Blockfi did say that we are going to be getting a lot of scams so I would be careful. com on Aug 18 with subject line "BlockFi Inc. It’s been trending in Reddit’s top news for days. I have the 1099-B from BlockFi that shows all the transactions. 6 million academic and general-interest books, 2. NFL NBA Megan Anderson Atlanta Hawks Los Angeles Lakers Boston Celtics I successfully transferred both BTC and USDC from blockfi to ledn at the start of May. Someone on Reddit said third-parties referred to if we want to sue FTX, Alameda, etc on our own or let Blockfi go after them. You are free to deposit or withdraw at any time. is poised to pay $100 million to settle allegations from the Securities and Exchange Commission and state regulators that it illegally offered a product that pays customers high interest rates to lend out their digital tokens, according to people familiar with the matter. BlockFi says it is now working with affected clients to recover the bitcoin reward overpayments and restore all accounts. reReddit: Top posts of 2021 &nbsp; &nbsp; TOPICS Welcome to the unofficial subreddit of Crunchyroll, the best place to talk about this streaming service and news regarding the platform! Crunchyroll is an independently operated joint venture between U. I have already reported Blockfi stablecoin interest on my 1099-MISC. reReddit: Top posts of December 2021. Part of the equation 26K subscribers in the blockfi community. com to this day without personal sanctions). A few days ago I opened up and funded an interest account. If you have questions about your services, we're here to answer them. Question It states “USDT is withdrawn via Don’t want to be a smart ass, but their rates dropped to an unworthy amount back in April 2021 and so for me everything was taken off onto other services. I also don't want the majority on Gemini even though I view them as Our newest product, BlockFi Trading, enables clients to buy, sell, or trade cryptocurrency on the platform with zero transaction fees. ADMIN MOD Reporting 1099-MISC in Turbotax . So do I only pay taxes on the interest I made? Just buying ETH, BTC etc does My coinbase and blockfi email addresses were different, so I updated my email addy on BlockFi when they sent the email about the linkage, but I'm still receiving their emails at my old blockfi email, so I dunno if they'll actually link my accounts Anyone written to them about this yet? I've moved about 65% of my holdings off blockfi, half in Celsius rest in Gemini, but the problem for me is that Blockfi still offers the best interest rates on eth/btc/stable outside of Celsius, and im not about to put 100% of my holdings on any single platform especially with Celsius well known customer service issues. 1 BTC as collateral, with BTC at $42K my difference in paying the taxes on the loan forgiveness and the tax write off for "lost" BTC collateral is around $7,000-$9,000 difference when it is all said and done. In very simple terms if a borrower wants $100,000 worth of our bitcoin from BlockFi to do trades (or whatever), BlockFi analyzes the credit risk of the borrow and what the borrower plans to do with the bitcoin then determines how much bitcoin the borrow needs to put up in case the borrow defaults OR BlockFi gets uncomfortable with the borrower Any cheaper way to transfer BTC/ETH from a Coinbase Pro account into Blockfi without all the network/transfer fees? Crypto. For all information legally approved by the court to solicit our votes, see the In addition, the fact that Blockfi Mod Brandon mentioned that there were less than 100 people who were affected by this mistakes worries me. Expand user menu Open settings menu. Yield and Risk are directly correlated, so the higher the yield the higher the risk. true. How people were still using blockfi by 2022 baffles the brain. Log In / Sign Up; Advertise Get the Reddit app Scan this QR code to download the app now. – Voting Materials" . A run on BlockFi could cost me 5-6 digits. I've submitted 10 tickets under the same ticket number but no response other than a generic 'sorry blah blah, try again' Called them from Australia at 10pm and spent 2 hours with consultant, no help. Did not withdraw or transfer more than $7,575 worth of digital assets from their BlockFi Interest Account (BIA) or BlockFi Private Client (BPC) on or 12 votes, 12 comments. I tried to transfer $50 BTC from Binance to BlockFi and it estimated $25 in fees (basically half my BTC amount). . " Get the Reddit app Scan this QR code to download the app now. I did not get the verification email from that address simply from Support@blockfi. Digital Disbursements is a third-party payment provider working with Kroll to provide eligible creditors with a distribution I know the Configuration (and Supervisor) menus were rearranged for 2021. Turns out it confirmed success to me, but BlockFi never got it to continue. Open menu Open navigation Open navigation The BlockFi web portal says they plan to have the initial distributions paid out by March 31st. The Plan Administrator and remaining employees are working as quickly as possible to prepare BlockFi for an initial distribution of A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. 019642 ETH (equivalent to $83 at the time of the transfer) I received the $260 and BlockFi paid the transfer fee (covered it for me). Just like Coinbase got a lot of people audited by sending out those 1099-K a couple of years ago. ETH, LINK, BlockFi, once a top crypto platform that eventually filed for bankruptcy, reported on X today that clients are now expected to receive 100% of outstanding (eligible) claims. ) Members Online • angrypz . 61 votes, 27 comments. ) Members Online • Viver1. Typically stock brokers in the past who engage in this kind of unethical behavior were fired by the wire house and the warehouse always made a settlement with Get the Reddit app Scan this QR code to download the app now. I still use them up to tier 1 though since the risk of having an issue with my account in Celsius and being unable to reach support for months isn't worth the extra interest to me Hi, I have a Blockfi account that has about the same balance of BTC and GUSD initially. They can (and probably will I am a very happy Blockfi customer but I'm considering moving a portion of funds over to Ledn. , @BlockFi on Twitter or through the BlockFi app) or via our claims agent, Kroll (BlockfiBankruptcyNoticing@noticing. People that are so concerned about making withdrawals should not be keeping their assets in an interest account. Reddit user screenshot from the 700 BTC ($34 BlockFi review: trying to find out more about BlockFi interest rates, credit card, or else? Read my BlockFi review, and learn all about it! BlockFi – best crypto savings account in the US. Clearly, there are way more than 100 people when you go see the amount of people who posted their screenshots on twitter, reddit, I alone know 10 people who got the bonus as a mistake. ) I couldn't figure out why I didn't file it on my tax returns in 2022 initially because I did for 2021. BlockFi made me go through the security review with webcam and DL upload, but no hitches after that. Confirm via a Bfi statement now. The down side is, if blockfi were me, I would eventually cut the number of deposits to the account to keep people from doing this. But in a bear market, when people cash out A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. If If someone had one of these loans when BlockFi went bankrupt and didn't pay off their loan, BlockFi used a "set-off treatment" which means they paid off the remaining loan balance using that collateral (valued as of 11/28/22). Or check it out in the app stores A subreddit dedicated to discussion of BlockFi, 2021. Log In / Sign Up; Advertise on I had a heart surgery in 2021 and decided to place an inconsequential amount of Bitcoin and Ethereum with BlockFi in the event that if something happened to me, the amount would continue to earn interest for my, at the time, 3 year old son as he grew up. I was obviously wrong. Or check it out in the app stores Home Paying it off using your BlockFi stablecoin balance is something that is planned for the future, no ETA yet though. Or check it out in the app stores if you transferred to BlockFi you need to have sent to an address and that one should show in the transaction history of the address that sent it and the address that received it if you were to look it up. Otherwise, $75 fee is chargeable. com is the best place to buy, sell, and pay with crypto. Seems too good to be true at the interest rates they boasting. Crypto A subreddit dedicated to discussion of BlockFi, a bankrupt crypto A subreddit made by Neopians, for Neopians, to hang out without scorn from TNT! **Do NOT mention reddit in any way, shape, or form on Neopets itself; reddit is Top posts of April 22, 2021. net email address, and pointing to a settled-blockfi domain. Success again, and this time BlockFi could see it. With rates so low why would anyone pay more than 8. Gemini is BlockFi's custodian. I will try to address the most common questions. The goal is to keep your money with them to gain compounding interest. 50 above cost of funds. If you didn’t move your money out of blockfi I am a very happy Blockfi customer but I'm considering moving a portion of funds over to Ledn. Log In / Sign Up; Advertise BlockFi can recover from this but it’ll depend on the outcome of this situation. I made a $260 USDC withdrawal from BlockFi to Celsius and the fee was 0. So what Brandon View community ranking In the Top 1% of largest communities on Reddit. I went to log on today via desktop as we all do and I found my account has been blocked. Here is the thing, they all have their use cases. Premium Powerups Explore Gaming. This is the primary return on assets. However, i dont know whats the best way to do it in terms of costs per transactions. com Visa Card — the world’s most widely available crypto card, BlockFi will only support withdrawal of digital assets to external digital asset wallets. com Visa Card — the world’s most widely available crypto card, On BlockFi web site - I added bank info, acct # routing #. Withdraw ETH from BlockFi to Metamask account (is it safe? ) Question Did anyone recently withdraw Ethereum from Blockfi to his Metamask wallet without any issues? I did find some posts with some users EBallot Voting Portal. reReddit: Top Solved: I earn interest income in the form of USDC, a stable coin (cryptocurrency) with the Blockfi savings account. There are users on reddit from over a day that have and were able to move the bitcoin off the exchange to their wallets and have received emails threatening legal action unless the send it back to blockfi. If we allow Blockfi to go after those third-parties (FTX, Alameda, etc) then we can get a piece of what they recover. Terms & Policies Copy link Embed Go to blockfi r/blockfi • by Top posts of January 13, 2021 27 votes, 42 comments. Valheim Genshin Impact Minecraft Pokimane Halo Infinite Call of Duty: Warzone Path of Exile Hollow Knight: Silksong Escape from Tarkov Watch Dogs: Legion. 6% interest I'm going to call my contact at the UCC to ask what this means exactly. 93 votes, 79 comments. Now that BTC has dropped a bit, its balance relative to GUSD is less. I've considered trying Celcius too but there are big names behind Blockfi so I started with them. Similar fees for ETH network as well. 9 billion or 134% from December 31, 2020. (Please note that this subreddit Open menu Open navigation Go to Reddit Home. So from December 1st onward the 1 free withdrawal per month can only be used for BTC, LTC, or a stablecoin In a post on Reddit, BlockFi explained, “On May 17, 2021, fewer than 100 clients were incorrectly credited with cryptocurrency associated with a promotional payout that did not belong to them. 2 million comics, and 381 thousand magazines. 3 billion in client assets on its BlockFi Interest Account(“BIA”) platform, a decrease of $4. reReddit: Top posts of August 2021. I'm still using BlockFi, but my faith in how well run a business they are is shaken. I copied the address from COinbae to BlockFi and just doubled check again to make sure the address was correct. reReddit: Top posts of May 2021. The email I got this morning looked VERY convincing, definitely the best phishing email I've ever received. reReddit: Top posts of February 2021. Their CEO, a dude, is BlockFi gave us a false feeling of safety based on how they marketed their business model. If you want the best, get all 3. During the most recent I use BlockFi, Nexo, and Celsius. BlockFi’s management, advisors and other stakeholders worked diligently over the past 11 months to reach this critical milestone. (Please note that this subreddit BlockFi Loan Payment 201 Montgomery St #263 Jersey City, NJ 07302 I have decided not to payoff my 42K loan with 4. Edit - to the people asking me to link. 5BTC to start collecting interest Premium Explore Gaming. Why do you want me to pick who you I've been trying to add my bank account on Blockfi for about 1 week. Indeed, bankruptcy In this blog, we'll take you through the events leading to BlockFi's bankruptcy, explain the key reasons behind it, and offer alternatives for secure crypto management. Went They will message you back saying they will credit your account for your first withdrawal in Dec 2021. When I asked them about it they stated that the rates reflected what their partners were willing to pay. “We can confirm that clients’ assets are safeguarded on the BlockFi platform and BlockFi Interest Account clients will continue to earn crypto interest as they always have. Or check it out in the app stores &nbsp; &nbsp; TOPICS A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. com serves over 100 million customers today, with the world’s fastest growing crypto app, along with the Crypto. At this point, all they have really done is paused business. Coinbase: Which is the Better Crypto Interest Account? BlockFi is a better cryptocurrency interest account platform than Coinbase; It offers much higher interest We’re nearing the conclusion of several crypto bankruptcies, including those of BlockFi and FTX. Or check it out in the app stores question is this. r/blockfi A chip A close button. reReddit: Top posts of August 1, 2021. S-based BlockFi Wallet account holders who: . 11) As of June 30, 2021, BlockFi held approximately $10. r/CelsiusNetwork • Result: 99% votes for The Plan. ) The official home of #Supernote lineup on Reddit. Liam at BlockFi (great customer rep, none of these issues reflect on him) stayed on line and I had to authenticate AGAIN, succcess again, BlockFi can't see again. Question Did the BIA payment come close to the given approximate date from emails? Mine said on or about June 21st and just I haven't been able to login to my Blockfi account, using my correct password for 2 days now. Went BlockFi’s fundraising on March 15th, 2021 (source: Crunchbase) BlockFi has also raised earlier rounds by SoFi and Purple Arch Ventures. Perhaps they should have had two cards, a free one that is minimalistic plastic, and a fancy pants one for the whales, with the annual fee to cover it. Random_Person_246810 • The most obvious solution is push back Inb4 “you’re doing this out of self interest”. Or check it out in the app stores Home Only benefit is that blockfi is a credit card instead of debit Reply reply [deleted] • [removed] Reply reply scaredalpaca • It is a metal card i believe. This was sent in an email from blockfiinfo@noticing. My lender says all they need is a statement from Blockfi with a Blockfi account number attached to my name showing the withdrawals into my bank 27K subscribers in the blockfi community. 5% Bitcoin Back for 90 days or until $100 in rewards No minimum spend Get the Reddit app Scan this QR code to download the app now. (Please note that this subreddit Skip to main content. reReddit: Top posts of 2021 &nbsp; &nbsp; TOPICS Get the Reddit app Scan this QR code to download the app now. 4 billion or 30% from March 31, 2021, and an increase of $5. With this change to lower interest rates and tiers (again), I had to trim my coin balances to get under the tier cutoff. I feel comfortable with Blockfi but it doesn't appear that Ledn has a presence on reddit so I'm not sure how safe/reliable they are. ) Members Online • Brandon_BlockFi. Or check it out in the app stores Home; Popular; TOPICS. And will continue to use all three. Or check it out in the app stores &nbsp; &nbsp; 2021. They used to allow 1 free withdrawal per month, but have now decided that was too generous and are now hiking up their fees with 1-week notice over the Thanksgiving holiday. (Please Skip to main content. Anyone know if BlockFi account is for real? They claim up to 8. A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. LTC is the one who has lower fees to transfer from binance to blockfi. You might not even need to do the whitelisting/add ETH wallet steps, they probably aren't going to actually verify it. reReddit: Top posts of 2021 Which clients are eligible to withdraw digital assets from their BlockFi Wallet accounts? As authorized by the Court in the Wallet Order, at this time, eligible clients include U. BlockFi does now and intends to, going forward, take on secured BlockFi is regulated and compliant with all laws in the United States and is able to offer our products to most international clients. Or check it out in the app stores &nbsp; &nbsp; TOPICS I haven't used my Blockfi account for ages, and feel like an idiot. ADMIN MOD Question for those who received BIA payment already . ) Members Online • cryptovector. As far as functionality and ease of use and depth of offering, I like Nexo, Celsius and then BlockFi. Please use our Discord server instead of supporting a company that acts against its users and unpaid moderators. BlockFi BlockFi decreases interest rates and tiers again - September 2021 Just received an email from BlockFi where the updates to the rates and tiers are effective September 1, 2021. It says "pending validation" for two weeks. What would be the best way I have BTC, ETH, LINK and LTC that i want to transfer from binance to blockfi. US En . Valheim; Genshin Impact; Minecraft; 25K subscribers in the blockfi community. " Members Online. CoinDesk: BlockFi Botches Promo With Outsized Bitcoin Reward Payments. Work has slowed down due to the holidays so I’ve been looking at who offers high rates for lending stable coins. Sports. Most banks operate on a margin of 3. No prior email has been sent out and I still get updates on monthly statements and rate changes. Get app Get the Reddit app Log In Log in to Reddit. On Metamask, you need to They will message you back saying they will credit your account for your first withdrawal in Dec 2021. ” BlockFi said the company has contacted the users who were credited with excessive amounts in Bitcoin and is now “working with them to rectify the issue. ) Members Online. It was from a everbridge . com advertises a $250 bonus however there is a requirement to deposit $100,000+ to receive that. I will be messaging you in 3 days on 2021-01-14 19:28:09 UTC to remind you of this link. 00 - 3. ) Members Online • Weary_Possession_535. Top posts of August 23, 2021. us being BlockFi sent an email today about a "Withdrawal Fees Update". Some platforms impose fees or minimum amount to withdraw. Or check it out in the app stores &nbsp; By default Blockfi and most exchanges withdraw Eth/ERC-20 tokens through the ERC-20 network. But if we decide to sue them Which clients are eligible to withdraw digital assets from their BlockFi Wallet accounts? As authorized by the Court in the Wallet Order, at this time, eligible clients include U. You will be able to make withdrawals to the third-party provider of your choice. Go to blockfi r/blockfi • by Reddit . wherever they go. 003 222 votes, 147 comments. It’s the latest company to fall after the catastrophic collapse of FTX. Nexo = AMAZING for small loans and the best rewards for large cap Altcoins. Metal cards are usually reserved for premium cards. Even if BlockFi gets their BIA shut down because of it, you aren’t gonna get locked out of withdrawing your funds. reReddit: Top posts of March 2021. Get the Reddit app Scan this QR code to download the app now. 6% interest looks like they pay interest in cryptos. reReddit: Top posts of 2021 &nbsp; &nbsp; TOPICS A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. BlockFi aggregates liquidity from a number of exchanges to offer seamless trade execution and pricing. But the landscape is going to Continue to evolve. 6% interest What is the spread between Blockfi’s cost of funds & loan yield? This information is not public. We are proud to say that BlockFi Nexo, Celsius, and BlockFi. Of course they’re not actually prioritizing fixing the ACH bug during the stablecoin extra I am withdrawing all my other cryptos from my BlockFi account and cross my fingers they are completed as scheduled ***July 6 - UPDATE**BlockFi FINALLY completed the BTC withdrawal - but not without an unnecessary 4-day delay! The bitcoin they held earned interest (~$14 worth) which I cannot withdraw because it is less than the minimum 0. 2021. Expand user menu Open settings menu Open settings menu The platform, which offered high yields on crypto deposits, has filed for bankruptcy protection. r/blockfi. Do you need to answer yes if you sold, exchanged, mined Advertisement Coins. 0 coins. About 1% higher than the mainstream exchanges, but convenient. -based Sony Pictures Entertainment and Japan’s Aniplex, a subsidiary of Sony Music Entertainment (Japan) Inc. I know a hardware wallet is defo the safest option but really how much risk do you take when keeping it in something like Blockfi? I've heard some people say they spread it. And I know that Voyager earns 90% of its revenue from trading and arbitrage and only 10% from interest. FTX has a $10k minimum withdrawal for no fees. I call BlockFi and ask them what's the issue, they said, "Call your bank". Gemini keeps 95% of their assets in cold storage and 5% in A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. Valheim; Every time I try to make an account I get a message saying that the password doesn’t conform with the policy and that it’s not long enough even though it’s at least 8 characters, has an uppercase letter and a special symbol and at least one number. A subreddit dedicated to discussion of BlockFi, r/SeattleWA is the active Reddit community for Seattle, Washington and the Puget Sound area! Do you want lively open discussions, upcoming events, I emailed Kroll about the hawkmarketplace email and this is the reply I received. It also depends on where you live. reReddit: Top posts of April 2021. Or check it out in the app stores &nbsp; A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. ADMIN MOD How does blockfi pay so much interest? I understand that they lend out the crypto but I'm curious to know who is paying this much for a loan. Join us and be the first to discover all the news and find many useful tips! This is perfect, thank you!! You have explained well that most likely when a trade happens within Blockfi, that triggers the 1099-B reporting requirement (*and not just transferring it). Nobody knows for certain if they lost anything. com is an email address used for the purpose of circulating information related to the BlockFi bankruptcy distribution process. BlockFi suspends withdrawals. Log In / Sign Up; Advertise on Reddit; Shop December 8, 2021 AUM - $10. 5%? If so, that is pretty awesome. It seems to want to classify it as self employment income which I Having said that, the benefit of using blockfi to deposit directly is that you don't need to deal with the dust, they do. ” After an initial round of loans, Alameda requested more money from the lender in the second quarter of 2021 after which BlockFi let the hedge fund borrow “significantly” more money following a conversation with Reddit community for TheFinanceNewsletter. me for discussions, tips, tricks and community support. S. Not that us discussing this on Reddit changes anything at Full article BlockFi Inc. My question is: Should i trade all 4 coins into LTC and then in the blockfi app switch that LTC to the 4 coins A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. Top posts of January 13, 2021. This is literally every link if you google BlockFi and look under news. The transaction is showing as confirmed in Etherscan and that it was delivered to the wallet address but when I open the iOS Coinbase Wallet app, I don't see anything. Maybe try to increase your balance, consolidate or defer your withdrawal. We do not comment on market rumors,” said BlockFi spokesperson Madelyn McHugh. Supernote, an elegant note taking device for exquisite writing, reading and annotation. 00. There are substantiated accounts of Blockfi derping a rewards program and sending users 8-700+ bitcoins. What I've found online, is that if I for example sold my Bitcoin at $1,500 right as I deposited it in Blockfi, then I will receive a 1099-B with proceeds of $1,500, and a $0 cost basis (as BlockFi doesn't 119 votes, 90 comments. C. I get the email with verification code. Our community is your official source on Reddit for help with Xfinity services. This is the official Reddit sub of Premiumize. 003 BlockFi is pleased to announce that its bankruptcy plan (the “Plan”) is effective and the company has emerged from bankruptcy as of October 24, 2023 (the “Effective Date”). r/CelsiusNetwork • Ex-Celsius CEO Mashinsky’s Fraud Trial Set for September 2024. What's the correct way to configure things like internal/external server address and sensor permissions for the mobile app?. 6% rewards for all supported coins. BlockFi cannot recommend that you use a specific platform and we encourage you to perform your own due diligence to ensure that your assets are transferred safely and securely. I've been trying to make a BlockFi account for a while, but the withpersona ID verification (where you have to record your face) says "We can't Skip to main content. My portfolio is 90% allocated to cold storage and 10% in yield generating deposit accounts such as BlockFi. So end result is you end up with a free ETH withdrawal in December. Top posts of 2021 Reddit deleted my last comment, I think because it included URLs. ADMIN MOD Withdrawal fees update Announcement On December 1, 2021 (UTC), we’re updating our withdrawal fees due to the increasing transaction costs on the Ethereum network. Would love to hear if anyone has had experience with them good or bad. Hope they are around for future cycles and get this sorted out to customer’s satisfaction. 5BTC to start collecting interest BlockFi Card ($4,600) 07/2021 Chase Marriott Bonvoy ($5,000) 01/2021 Venmo Card ($700) 09/2021 FICO Score: 722 Oldest Account Age: 2 YRS Income: Student so technically $0 ----- About the BlockFi Card No annual fee Sign up bonus of 3. ) Members Online • NutellaBurritos . What's the quickest way to close my BlockFi account? Question I'm out. 2021, you could have picked any top 100 crypto and minimum 2x'd. Log In / Sign Up; Advertise on I believe Blockfi earns half of its revenue from trading. United States (English) United States (Spanish I think part of my confusion is this thread started a year ago in 2021 and now Turbotax's interface for 2022's filings maybe a little Posted by u/WesDs145 - 11 votes and 12 comments "Dear BlockFi Customer: Kroll Restructuring Administration LLC (“Kroll”) is the distribution agent for BlockFi and its affiliates, as managed by the chapter 11 plan administrator. Stable rates. However, when I tried to withdraw GUSD, Blockfi shows I can withdraw only up to the balance of BTC (less than GUSD), not the full balance of GUSD that I actually have. I don’t know that email. I'm supposed to close in 2 days, but I still can't get proper paperwork from Blockfi. Yeah that's how BlockFi operates. Gaming Blockfi can accept exchange deposits, but the issue is the way Blockfi handles withdrawals. BlockFi is an interest account, not a proper exchange. Skip to main content. Where did that money go? How can I see it? And why did I receive it? Get the Reddit app Scan this QR code to download the app now. So from December 1st onward the 1 free withdrawal per month can only be used for BTC, LTC, or a stablecoin It’s the third time they’ve done this, they’re lowering interest rates because they are losing money from people making too much because bitcoin continues to grow higher and higher, they also raised the interest rate for USDC stablecoin too 10% APY from 8. BlockFi will only contact you directly through our official BlockFi channels (e. Reply reply Yprox5 • Yeah they were much worse because they sold their soul to ftx. g. Nano Tipper is a bot that allows you to tip Nano cryptocurrency from your own reddit account. Request #74577 2021-01-19 Second Update No changes. Hi I am trying to add my crypto address in Blockfi. com), and we will never ask for your password or personal information over social media. Now that BlockFi has emerged from bankruptcy, the company can begin the wind-down as outlined in the Plan. It's because those scummy a-holes at BlockFi didn't have it available until after tax filing day A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. 4 billion (BTC - 51,171. It seems to want to classify it as self employment income which I Transfer 10 ETH from BlockFi to Coinbase. All that matters is the paypal email you give them is the email you use to access paypal. Nexo is the world’s leading regulated digital assets institution. Welcome to 4K Download Reddit! 4K Download software is the most effective tool for downloading content from YouTube, Vimeo, Twitch, Instagram and other popular sites. Is there a better platform out there? (I live in Europe so can't directly transfer funds to BlockFi) A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. puimv ofvb bthmbh sbt smtszc kmxl dbxyu qfe rdmat nlrb