Blockfi, anybody use them? legality?

[Jet-Fighter7700]

so I decided I wanted to grow my tiny amount of crypto a bit more in 2022,

signed up with blockfi, anybody use them?
and is it illegal to transfer funds to them?

also, has anybody manage to go through the verification process with them? I opened a support ticket as it seems their verification system is completly broken.

 

[NarrowBandFtw]

signed up with blockfi, anybody use them?

I have in the past yes, their interest rates aren't that competitive anymore so I've moved on.

and is it illegal to transfer funds to them?

According to SARB yes:

All Bitcoin transfers out of South Africa is a crime, even from your own wallet - Reserve Bank

Moving Bitcoin overseas from your wallet in South Africa a crime — Reserve Bank Transferring Bitcoin from anywhere in South Africa, even your own wallet, to an offshore exchange or other crypto asset service provider is a crime. This was the South African Reserve Bank (SARB) clarification to...

mybroadband.co.za

also, has anybody manage to go through the verification process with them?

Given the answer to your first question, yes I have, I don't recall it being particularly onerous, but it was quite a while back.