Great news for BlockFi crypto customers! Bankrupt cryptocurrency platform BlockFi has announced that it will be returning a portion of funds to its users. In a move that will provide customers with full control over their stuck crypto, BlockFi customers will be able to withdraw their cryptocurrency from BlockFi to the Exodus self-custody wallet.
Exodus has been around for over 7 years and is a popular and highly rated self-custody wallet that offers customers a secure and user-friendly platform to manage their crypto.
Customers who choose to withdraw their BlockFi crypto to Exodus will enjoy the benefits of complete ownership and control over their crypto. With self-custody wallets, users hold their own private keys, which means they have full control over their funds and can manage their own security. Exodus has no control nor access to its customer funds. This is the opposite of BlockFi. This can provide greater peace of mind and security for crypto holders who are concerned about the safety of their crypto.
In this article:
How do I withdraw BlockFi crypto to Exodus?
You can now withdraw your BlockFi crypto from BlockFi and send it to your Exodus self-custody wallet. If you need to, you can download Exodus here: Download Exodus.
BlockFi recently announced that eligible BlockFi Wallet accounts will be able to withdraw their crypto to a wallet of their choice. If you're eligible to withdraw, you'll have received an email from BlockFi, and there will be an in-app banner in your BlockFi account.
This guide will show you how to request a withdrawal from BlockFi to Exodus on a desktop browser and the BlockFi mobile app.
For more details on eligibility and withdrawal processing, please visit BlockFi's article: Wallet Withdrawal FAQs.
Desktop browser
BlockFi is a third-party platform that is not affiliated with Exodus. As such, Exodus cannot guarantee the performance of its products/services or that the steps shown and the information provided will always be accurate.
First, make sure that you are eligible to withdraw from BlockFi.
Then, log in to your account on the BlockFi website.
a) Click Accounts, then b) select Wallet from the dropdown menu.
Click Withdraw.
a) Click on the dropdown menu and b) select the asset you wish to withdraw from BlockFi.
BlockFi will prompt you to select the destination wallet address. a) Click on the dropdown menu and b) select the wallet you want to withdraw to, or c) click New Wallet and enter your Exodus address. Please note it is only possible to request to withdraw the full amount.
To find your asset's address in Exodus, follow the steps below:If you have Allowlisting enabled in BlockFi, you will first need to add your Exodus address. For more info, see BlockFi's guide on how to allowlist an address.
Withdrawing from BlockFi will incur fees, which you can preview here: BlockFi Fees Schedule.
After selecting your wallet, review the disclaimer, then click Review.
Next, review the withdrawal disclaimer and address. Withdrawal requests may take 90 days or more to process. When you are ready, click Confirm.
a) Enter the 6-digit confirmation code sent to your email, then b) click Confirm.
After submitting your withdrawal request, BlockFi will send you an email with information on the final steps you need to take to complete the process.
For a refresher on how to receive crypto in Exodus, please visit: How do I receive Bitcoin and other crypto in Exodus?
BlockFi mobile app
First, make sure that you are eligible to withdraw from BlockFi.
Open the BlockFi app, a) tap Dashboard, then b) tap Withdraw.
Select the asset you wish to withdraw from BlockFi.
BlockFi will prompt you to select a destination address. a) Select the wallet you want to withdraw to, or c) tap Use Another Address and enter your Exodus address. Please note it is only possible to request to withdraw the full amount.
To find your asset's address in Exodus, follow the steps below:If you have Allowlisting enabled in BlockFi, you will first need to add your Exodus address. For more info, see BlockFi's guide on how to allowlist an address.
Withdrawing from BlockFi will incur fees, which you can preview here: BlockFi Fees Schedule.
After selecting your wallet, tap Review Withdrawal.
Review the withdrawal and address. Withdrawal requests may take 90 days or more to process. When you are ready, tap Confirm Withdrawal.
After submitting your withdrawal request, BlockFi will send you an email with information on the final steps you need to take to complete the process.
For a refresher on how to receive crypto in Exodus, please visit: How do I receive Bitcoin and other crypto in Exodus?
Why choose Exodus?
Exodus is a self-custody wallet that gives you full control over your assets.
Self-custody means that you control your 12-word secret recovery phrase and private keys, so you always have access to your crypto.
Some other benefits of Exodus include:
Supports 100% of assets available to withdraw from BlockFi
No counterparty risk
US company registered with the SEC
24/7 human help from Exodus Support
Exodus is a self-custody wallet that gives you full control over your 12-word secret recovery phrase and private keys. You could recover your funds with your secret recovery phrase even in the highly unlikely event that Exodus were to shut down.
If you'd like to move your BlockFi crypto to Exodus, you can download Exodus here.
How do I find my asset's address in Exodus?
Mobile
In Exodus Mobile, a) tap on the Wallet icon, then b) tap on the asset you'd like to receive. If an asset is enabled on multiple networks, c) a menu will expand, and you can select the network.
If you don't see the asset you want to receive, you'll need to enable it by following this guide: How do I enable and disable assets in Exodus?
Now tap on the Receive icon on the right.
Tap on the address to copy it. You can paste this address into BlockFi.
Desktop
In Exodus Desktop, a) click the Wallet icon and b) select the asset you want to receive.
If you don't see the asset you want to receive, you'll need to enable it by following this guide: How do I enable and disable assets in Exodus?
If the asset you want to receive, such as USDC or USDT, is supported on multiple networks, a) click the dropdown menu and b) select the network you are receiving the asset on. Always double-check that you are selecting the correct network for your asset to avoid loss of funds. You can see the network by looking at the network badge.
After selecting the asset and network, click Receive.
Click the copy icon to the right of the address field to copy the address. You can paste this address into BlockFi.
Web3 Wallet
In Web3 Wallet, a) click on the Wallet icon. Next, b) click on Receive.
Click on the asset you want to receive. Make sure you select the asset on the correct network. You can see the network by looking at the network badge.
If you don't see the asset you want to receive, you'll need to enable it by following this guide: How to enable and disable assets in Exodus?
Click Copy to copy your address. You can paste this address into BlockFi.
