I’m in Canada and was happy we could finally make withdrawal requests. However, my balance is in USDT, which I can’t exchange to cash out due to its ban in Canada. The exchanges I used (Binance, NDAX, Crypto.com, Nexo, BitBuy) no longer support Tether.
With BlockFi emerging from bankruptcy, does anyone know if they’ll allow coin exchange again?
Alternatively, has anyone used BitGet? It’s a FINTRAC-certified broker in Singapore that still lists USDT. If not, I might have to use my Ledger or Metamask with Uniswap, though gas fees are a concern.
It’s crucial to exercise caution when engaging with cryptocurrency. Conduct thorough research before utilizing a new exchange and remain cautious of unsolicited guidance.
You can use BlockFi because BlockFi has emerged from bankruptcy and is ready to pay back some of its creditors. Withdrawals are currently available to nearly all Wallet customers, and BlockFi Interest Account (BIA) and Loan customers will be able to withdraw some assets in early 2024.
Keep an eye out for further updates from BlockFi regarding their coin exchange services.