Frequently Asked Questions
Who is BlockFills?
BlockFills is a financial company that acts as a market maker and aggregator of cryptocurrency prices. We specialize in making institutional-sized markets with counterparties in cryptocurrencies and provide superior pricing and liquidity for large, block-sized orders in digital assets.
How do I become an approved counterparty?
To become an approved counterparty, you must meet our minimum trade size of $50,000 and submit required KYC information. An account application is here with instructions for our KYC and AML procedures.
How does it work?
We take cash deposits on one side and cryptocurrency deposits on the other side of the trade, then we allow our customers to exchange their cash for cryptocurrency or vice versa.
Are you selling Bitcoins and cryptocurrencies?
No. We are providing a service. You are always buying bitcoins from another individual, who is selling them. All we do is provide a safe and simple environment to trade. We guarantee that buyers get their bitcoins and sellers get their money at the agreed price.
How to start?
It’s easy, fast and free to open an account. Click open an account, fill out the form and log in, then you have to fund your account. After your account is approved you will be given banking instructions to fund your account with USD, or BlockFills eWallet information if you would like to fund your account with cryptocurrencies.
What cryptocurrencies do you trade?
We primarily trade bitcoin (BTC), Ethereum (ETH), zcash (ZEC), bitcoin cash (BCH), Ethereum Classic (ETC), monero (XMR), zcash (ZEC), ripple (XRP), NEO, QTUM, AND litecoin (LTC). Markets can be priced in USD or BTC. We are also open to trading other cryptocurrencies.
How much does it cost?
We do not charge a fee. However, please note we calculate a spread based off of current market levels when providing pricing to approved counterparties. We take a number of factors into our calculations such as current index prices, market liquidity, volatility, and our overall position in the market.
What is your minimum trade size?
At the moment $50,000. In the future, BlockFills will provide streaming liquidity in smaller amounts with wider spreads.
Is it safe to use BlockFills/ DA’s?
Yes! Our main priority is to keep client’s personal data safe and secure. We take great precautions around the security of our system and are constantly monitoring for any suspicious activities, however, we cannot provide security for bitcoins stored on a user’s computer, so it is important to take additional steps to ensure that your bitcoin wallet remains protected from users other than yourself.
How long to deposit?
A bank wire transfer takes 24-48 hours. Transfer of digital assets are within minutes to hours.
If you would like the money wired to a bank account there is a wire service fee of $75. For Digital withdrawals, there is a .10% transfer fee.
Are third-party withdrawals or transfers allowed?
No, at this moment third-party withdrawals are not allowed.