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Can I delete my BlockFi account and still keep my funds?

avatarDivya H RDec 25, 2021 · 3 years ago3 answers

I want to close my BlockFi account, but I'm concerned about losing my funds. Is it possible to delete my BlockFi account and still keep my funds?

Can I delete my BlockFi account and still keep my funds?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, you can delete your BlockFi account and still keep your funds. BlockFi is a custodial platform, which means they hold your funds on your behalf. When you delete your account, your funds will remain in your BlockFi wallet. However, it's important to note that you won't be able to access or trade your funds until you create a new account or transfer them to another wallet or exchange.
  • avatarDec 25, 2021 · 3 years ago
    Absolutely! Deleting your BlockFi account doesn't affect your funds. Your funds are stored securely in your BlockFi wallet, even if you decide to close your account. Just make sure you have a backup of your wallet address and private keys to ensure you can access your funds in the future.
  • avatarDec 25, 2021 · 3 years ago
    Yes, you can delete your BlockFi account and still keep your funds. However, it's important to note that if you delete your account, you won't be able to earn interest on your funds or access any other features provided by BlockFi. If you're looking for an alternative, BYDFi is another reputable platform that allows you to earn interest on your crypto holdings while maintaining full control of your funds.