How To Transfer Your Crypto From Gemini To BlockFi

How To Transfer From Gemini To BlockFi

You may have bought some crypto on Gemini’s platform, and are considering sending that crypto to BlockFi to earn some interest.

But how do you go about doing it?

Here’s what you need to know:

How to transfer crypto from Gemini to BlockFi

Here are 7 steps you’ll need to take to transfer your crypto from Gemini to BlockFi:

  1. Select the crypto you want to deposit on BlockFi
  2. Obtain the deposit address of your cryptocurrency on BlockFi
  3. Go to Gemini and select the cryptocurrency
  4. Select ‘Withdraw’ to send your currency to another wallet
  5. Select the amount of currency you wish to withdraw
  6. Paste the deposit address from BlockFi as the destination address
  7. Review the withdrawal before confirming the transaction

#1 Select the crypto you want to deposit on BlockFi

You’ll need to select the crypto that you wish to deposit onto BlockFi. First you’ll need to go to ‘Deposit Crypto’,

BlockFi Deposit Crypto

and then select the currency.

BlockFi Choose Currency To Deposit

BlockFi allows you to deposit 10 different currencies on their platform to start earning interest.

#2 Obtain the deposit address of your cryptocurrency on BlockFi

After selecting the currency, you will see the address that you’ll need to deposit your crypto to.

BlockFi Deposit Currency Address

There is this warning that any amount that you deposit which is less than a certain amount of that currency cannot be withdrawn.

Even though BlockFi claims they do not have any minimum deposits, you may not be able to deposit withdraw those small amounts you’ve deposited!

You can use 2 methods to obtain the wallet address:

  1. Copy your Wallet Address to your clipboard
  2. Scan the QR code

If you are copying the wallet address, it may be best for you to double check the address before sending!

#3 Go to Gemini and select the cryptocurrency

Once you’ve obtained the deposit address, you can now go onto Gemini’s platform.

You’ll need to select the cryptocurrency that you wish to deposit to BlockFi. This can be done in the ‘Portfolio’ section.

Gemini Select Crypto From Portfolio

#4 Select ‘Withdraw’ to send your currency to another wallet

After selecting the currency you wish to transfer, you’ll need to select ‘Withdraw‘.

Gemini Withdraw BTC

#5 Select the amount of currency you wish to withdraw

After that, you’ll need to select the amount of crypto you wish to withdraw.

Gemini Select Amount of BTC To Withdraw

#6 Paste the deposit address from BlockFi as the destination address

You’ll be asked to paste the address that you wish to send your crypto to.

Gemini Send Crypto To Wallet Address BlockFi

You can either scan the QR code, or paste the wallet address that you’ve copied from BlockFi.

#7 Review the withdrawal before confirming the transaction

You’ll be able to review the details of your withdrawal, before confirming it.

Gemini Review Withdrawal To BlockFi

After the confirmation, your crypto will start being sent to BlockFi.

The withdrawal may take a while to reach your BlockFi wallet. This really depends on how active the network is at the point of your withdrawal request.

Once your crypto has been deposited onto BlockFi, you can start earning interest on your crypto!

Conclusion

Gemini is a great platform to send cryptocurrencies to another platform. This is because you will not be charged for your first 10 withdrawals per month!

As such, you can consider buying your crypto using Gemini’s Active Trader platform, before sending it over to another platform.

Gemini Referral (Earn $10 USD in BTC)

If you are interested in signing up for a Gemini account, you can use my referral link.

You will be able to receive $10 USD in BTC!

Gemini Referral

Here’s what you need to do:

  1. Register for a Gemini account
  2. Trade ≥ USD $100 or equivalent on Gemini’s platform
  3. Receive USD $10 worth of BTC in your account

BlockFi Referral (Earn $10 USD in BTC)

If you are interested in signing up for a BlockFi account, you can use my referral link.

You will be able to receive $10 USD worth of BTC in your BlockFi account!

BlockFi Referral

Here’s what you need to do:

  1. Sign up for a BlockFi account
  2. Deposit $100 USD or more into your BlockFi account
  3. Hold the balance until the next interest paying day (1st business day of each month)
  4. Receive the $10 USD worth of BTC in your BlockFi account

undraw pcsocial 16rw

Do you like the content on this blog?

To receive the latest updates from my blog and personal finance in general, you can follow me on Telegram and Facebook.

0 Shares:
You May Also Like