On the top navigation bar, select “Fund” then “Bank Transfer (ACH)” as the Funding Method. To purchase stablecoin, you will either link a bank account through Plaid or select a previously linked bank account. Then enter the amount of cryptocurrency you would like to purchase. You will be prompted to review and confirm the transaction.
Bank transfers credit instantly and therefore are available to trade within the BlockFi Wallet, but it generally takes 2-3 business days for the funds to be removed from your bank account.
We require that you keep enough funds in your bank account to cover any bank transfers we have credited to our platform. If you overdraw your bank account by funding your BlockFi account, BlockFi will be forced to return those funds to your bank and reverse any trades you had made with those funds. If this happens and your BlockFi account balance goes negative, your account will be automatically locked, and you will need to submit a support ticket here to have it unlocked.
Please note - stablecoin and crypto purchased via instant ACH funds cannot be applied to a loan. BlockFi must wait 5 days for the ACH hold to clear before using instant ACH funds to put as payment towards a loan or to post additional collateral for a loan.