GG
Absolutely awful company
Absolutely awful company. Today, BlockFi informed users that they would no longer offer free withdrawals on the Ethereum ecosystem. BlockFi intentionally did this right before the thanksgiving holiday, with only 7 days to go before this change goes into effect. Customers who have already used their one free withdrawal this month are essentially blindsided, and their crypto is now trapped, unable to be moved without fees. This intentional disrespect of the customer shows what a scummy company they are. They might as well be saying "F you" to the little guys who have made a hundred bucks in interest this year. Now ETH withdrawals will cost over 60$ USD, which is 3X the average current ETH gas fee cost of 20$ USD. Do not use this company. They are exploitative, money-hungry, and don't give a damn about their customers.
Response from BlockFiNov 29, 2021
Hey there, From all of us at BlockFi, we have heard you loud and clear regarding the withdrawal fee timing, and we at BlockFi want to apologize for the short notice we gave to implement this change. While we understand that withdrawal fee changes aren't welcome news, rest assured that we remain committed to providing market leading value and helping your assets grow. These adjustments are part of BlockFi’s ongoing mission to continue delivering high-quality, long-term service for our clients while expanding our innovative product offering in a competitive and scalable way. We truly appreciate you taking the time to provide feedback and thank you kindly for being a BlockFi client.