Cryptocurrency lender BlockFi will move to a rate-based withdrawal fee structure beginning Dec. 1, ending free withdrawals, citing “increasing transaction costs on the Ethereum network.”
BlockFi said in a Twitter post that this will apply to Ethereum, Chainlink, PAXG, Uniswap and BAT. As for Bitcoin, Litecoin and stablecoins, BlockFi noted that customers will continue receiving one free withdrawal per month. Additional withdrawals beyond this will incur fees that vary by coin.