BlockFi is a cryptocurrency exchange that offers the best trading services. Traders can have the best services with advanced technology. 

The platform has more than 1M verified users. 

With such services and features, it attracts various traders globally. To guide traders to open an account with Blockfi, here's a brief introduction to the website and the process. 

To learn about the steps, let's get started. 

BlockFi: At Glance

BlockFi was founded in 2017 as a cryptocurrency exchange. The exchange headquarters is in Jersey City, NJ. The exchange's mission is to reimagine and expand access to banking resources. 

Users can access 13 digital assets with the company. Overall it is a good option for cryptocurrency traders to buy, sell and hold the coins. 

To open an account with the exchange, traders have to follow a small process. However, it is quick and easy with no extra effort. Thus, simplifying trading for traders online. 

How to Open an Account with BlockFi?

To create a BlockFi account, traders first must visit the exchange website, www.blockfi.com. On the website, traders can analyse the services, platform and ease of trading and click on the get started tab to begin the account opening process. 

After that, traders can follow the steps mentioned below: 

Sign Up 

Signing up with the exchange is the initial step to opening an account. Traders can enter the details and register quickly. It requires small details such as: 

• Name 

• Email 

• Password 

• Referral Code (if any)

After providing these details, traders have to tick mark the declarations. The decorations are about the products and age of the trader. Then they can submit the details to move further. 

Personal Details 

The second step in trade in financial products is to provide personal details. Again, the information is basic with an income source, tax details, licence, identity card and address proof. 

Next, traders have to verify their email addresses. It sends an email on the id, and traders must verify it with a simple click. After verification, traders can move ahead, so it's an important step. 

Validation

The third step to trading with BlockFi is to validate identity. Users must provide an exchange with a photo ID to validate their identity. It identifies the person as real and provides them access to the platform. 

It is important as users cannot trade without validation. Also, they get access to account deposit and withdrawal services. 

Deposit Funds

Traders have to deposit funds with a payment method. They can select the suitable payment method available. Traders can deposit funds they fill to invest. Also, there are some exchanges with a minimum deposit of funds.

So, traders have to deposit funds to buy or sell the coins. Besides, traders choose the payment method with the exchange. 

Bank transfer, wire transfer, e-wallets or credit cards. Traders can use any of these to trade online. 

Trading

The step in investing is to buy and sell the assets. Traders can analyse the market to access various market assets. They can trade in several kinds of assets that offer them a good market opportunity. 

For investing, traders can use the trading platform of BlockFi. It has an excellent trading platform that supports clients. 

Monitor Trades

The next step after trading is to monitor investment. Users can do this with the help of mobile apps. They can access the app anytime and have the profits and losses known. 

It is significant for any trader to analyse their open positions and take further steps. Of course, a skilled trader can make its best use. However, there are tools and indicators, charts and patterns to analyse the market, research and trade. 

Requirements for BlockFi Account

Users require some basic information to trade with BlockFi:

• Social security number 

• Contact number (valid)

• Valid government ID 

• Real selfie photo for validation 

• Age declaration 

Conclusion

BlockFi provides an easy process for traders to invest. They can open their account easily with the exchange. All they require is market knowledge, process understanding and documents. 

If all three are available, traders can quickly access BlockFi trading accounts.