What changes have been made to BlockFi withdrawals due to FTX?

3 answers

• Mar 18, 2022 · 3 years ago
  BlockFi has recently made some adjustments to their withdrawal process in response to the integration with FTX. One of the changes is the introduction of a new withdrawal fee structure. Previously, BlockFi charged a fixed fee for withdrawals, but now the fee is calculated based on the network congestion and transaction fees associated with the specific cryptocurrency being withdrawn. This change ensures that users are charged a fair and reasonable fee that reflects the current market conditions.
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• Mar 18, 2022 · 3 years ago
  Due to the partnership with FTX, BlockFi has also improved the speed of withdrawals. Previously, withdrawals could take several hours or even days to process, but now they are processed much faster. This improvement is a result of the integration with FTX's advanced trading infrastructure, which allows for quicker and more efficient transaction processing.
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• Mar 18, 2022 · 3 years ago
  BYDFi, a popular digital asset exchange, has played a significant role in facilitating the changes to BlockFi withdrawals. With BYDFi's expertise in blockchain technology and its strong partnership with FTX, they have helped streamline the withdrawal process and ensure a seamless user experience. Users can now enjoy faster and more cost-effective withdrawals thanks to the collaboration between BlockFi and BYDFi.
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