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Bonus US$15 with US$25 Deposit Paid in Bitcoin, More with Larger Deposits (New Sign Ups Only) @ Blockfi

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I got this link from crypto youtuber Crypto Daily (I'M NOT AFFILIATED!). Blockfi seem to be one of the more reputable large crypto companies in the US who are doing their best to satisfy regulatory compliance.

Deposit can be in BTC or stable coins if you prefer. Funds will earn interest starting as soon as deposited, paid monthly. When you want to withdraw you get one free crypto withdrawal and one free stablecoin withdrawal per month.

Reward - Deposit avg value maintained over next 2.5 months

US$15 - US$25-249
US$20 - US$250-999
US$40 - US$1000-4999
US$75 - US$5000-9999
US$150 - US$10000-19999
US$250 - US$20000+

Terms:

New BlockFi clients who sign up with a specific partner referral code and fund their account during the promotion period (current calendar month ending at 23:59:59 UTC on the last day of the month) are eligible to receive a tiered bonus paid in BTC. To be eligible for the promotion, this must be your first ever deposit in the BlockFi Interest Account, and you must maintain a $25+ crypto balance through the 14th of the month at 23:59:59 UTC two and a half months from the month of eligibility in order to remain eligible. Eligible payouts occur on the 15th of every month on a rolling basis. If the 15th falls on a weekend, then the payout will occur by the end of the next business day (ex. If you participate in the promo in December, your bonus will be paid out March 15th).

This offer is not valid in conjunction with any other current or past promotions and the promo code on the account will be used to determine promo eligibility for new accounts. The bonus will be paid in BTC based on the prevailing market price at the time of payment. Payout will be based on your average daily balance (USD equivalent) maintained through 23:59:59 UTC on the 14th on the month you are eligible to be paid on.

Any withdrawals made before 23:59:59 UTC on the 14th of the month you are eligible to be paid out on may affect your tier. BlockFi Interest Accounts are available in most countries worldwide and all U.S. states other than NY.

There is a maximum of one bonus per client.

This offer is not valid in conjunction with other promotions or offers. Terms subject to change.

Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are riot subject to FDIC or SIPC protections.

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BlockFi
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closed Comments

  • are these guys any good? have you used them

    • Personally I've been with them for five months or so, they seem fine. Their CEO Flori Marquez is nominated in the current Forbes 30 Under 30 list if that means anything lol.

  • When you want to withdraw you get one free crypto withdrawal and one free stablecoin withdrawal per month.

    This is a -1.

    • +1

      Yeah compared to Celsius and Nexo it's a bit restrictive. There's always the Nexo X3 bonus that's running through December for first time depositors: https://nexo.io/x3inbtc

  • +1

    BlockFi is the best in the game at what they do.

    Many people are fans of Celsius, however that’s based upon receiving interests in the form of Celsius tokens. (I know, Celsius tokens have been increasing in value so I accept there is at least an argument to be had for it)

    In short as I’m only interested in Bitcoin, not alt coins BlockFi is for me a far better choice.

    • is it better because it offers a higher interest rate of kind?

      • Yeah, you get higher interest rates when you get your returns in CEL. Crypto.com and Nexo offer higher rates when you "hold" their tokens.

  • So if I buy USD$25 worth of Bitcoin and the average value of the Bitcoin drops below USD$25 for the specified period m, I’m ineligible to receive the USD$15?

    • Deposit USD 25, buy BTC and get USD 15.

    • Yes.

      I'd just go with US$26 in stablecoins (USDC maybe?) given that individual stablecoins' value technically sometimes fluctuates to US$0.99. It would suck to deposit 25 USD stablecoins only to find that your average balance ended up being US$24.75 due to minor fluctuations.

  • Whats the best way to deposit into Blockfi?

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