Depositing funds to your BlockFi account: FAQ

Funding your account is quick and simple. There are various payment methods at your disposal. Simply choose whichever method you prefer and follow the steps below to make a successful deposit:

  1. Log in to your account
  2. Click on “Deposit Funds”
  3. Enter the amount
  4. Finally, select your preferred deposit method

 

 

Yes, we have been protecting our customers’ funds worldwide since 2007, and we continuously strive to implement industry best practices to ensure that depositing money into your eToro account is safe, private and secure. All transactions are communicated using Secure Socket Layer (SSL) technology, safeguarding your personal information.

The minimum deposit is $10 and the maximum deposit is $10,000 per day. This is for both first time deposits and redeposits.

For up-to-date minimum deposit amounts for each region.

BlockFi does not allow third-party payments. A third-party payment is a deposit that is not in the same name as the owner of the BlockFi account. As stated in our terms and conditions, the owner of the trading account should be the owner of the funds.

However, if you wish to use a method of payment belonging to your spouse or another first-degree family member, we can set up a joint account for you. This means that both parties will be allowed access to deposit/withdraw funds, but only the account owner will be permitted to trade. You will be asked to provide identification documents, proof of your relation (such as marriage certificate/ birth certificate), as well as complete the joint account form.

If you attempt to use a third-party payment method without a joint account, your account will be closed and any remaining balance refunded.

“Now the race between peaking inflation and a recession is going to make for a long, hot summer. However, with financial conditions significantly tightening and economies slowing, US inflation should soon peak. This will hopefully allow the Fed and other central banks to slow their hiking pace before a recession becomes inevitable, though the ECB faces an even tougher task of an interest rate lift-off with high-for-longer oil prices and a grinding Ukraine conflict.

“In terms of what’s to come, Q3 is typically the weakest quarter of the year for markets, but this is not a normal year and we see a volatile market bottoming in the coming quarter.”

Our Recurring Deposits feature allows you to schedule automatic payments from your debit card into your BlockFi investment account.

You can customize the payments by choosing your preferred deposit amount, frequency, and deposit day.

You can set Recurring Deposits after you have made a regular deposit via debit card.

To set Recurring Deposits:

  1. Go to “Recurring Deposits” here (or enter your eToro account and click Settings ⚙️ in the left-hand menu, then click on “Recurring Deposits”).
  2. On the new screen, click on “Recurring Deposits”.
  3. Select the amount.
  4. Select one of the debit cards that you have previously used to deposit to your eToro account.
  5. Choose the frequency of your deposit: weekly, every two weeks, or monthly.
  6. Customize the day of the week or month for your deposit or accept the default option.
  7. Review the Terms and Conditions, and check the box to accept.

Click “Set Recurring”.