This was posted 3 years 11 months 15 days ago, and might be an out-dated deal.

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$50 in Bitcoin for Referee ($350 Min Deposit Required), $25 for Referrer @ Blockfi

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$50 in Bitcoin for Referee ($350 Min Deposit Required), $25 for Referrer @ Blockfi
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d-hunterz on 07/12/2020 - 19:07 try.blockfi.com (341 clicks)
Last edited 07/12/2020 - 19:52 by 1 other user

Bitcoin. The gift that keeps on giving. Refer a friend to BlockFi before December 31, 2020, and get rewarded with $25 worth of bitcoin. And we’ll give your referral $50 in bitcoin. 🎁

It’s simple:
Share your referral code with your friends and family to create a BlockFi Interest Account
Your friends and family sign up for a new BlockFi account with your referral code and make a deposit of $350 or more, then maintain a balance until January 31, 2021
You get $25 worth of bitcoin and your referral gets $50 in bitcoin. No limit on number of referrals.

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closed Comments

  • justtoreply on 07/12/2020 - 19:12
    +2

    Bah. I don't want to hold this for that long

  • Iwantthebestprice on 07/12/2020 - 19:17

    Is there a catch to this? For example ING gives me like 1.5% or something interest for my savings account. So if I transfer all my money to this company I will earn almost 9% interest… really? There has to be a catch otherwise everybody would be doing this yeah?

    • d-hunterz on 07/12/2020 - 19:18
      +2

      No catch, I have been keeping my BTC and receive interest every month.

      • CacheHunter on 07/12/2020 - 21:31

        Don't you find it a PITA come tax time?

        I used to have a USD account that i used for online shopping etc. It was a real pain trying to keep track of capital gains/losses due to currency fluctuations and interest that I had to revalue into AUD to do my tax return.

    • werty98 on 07/12/2020 - 19:23

      Yes, the scheme will work if everybody makes the deposit. Withdrawal is another matter, but who cares.

      BTW, your maths is wrong. If I refer 7 of my love ones to the scheme, I will earn 100% interest instantly.

    • justtoreply on 07/12/2020 - 19:32
      +4

      Yes of course there is a catch. You're holding a speculative item that is not tied to any actual asset.

      If the value crashed then blockfi will go tits up with your savings as it has no assets to save it's ass (if they're paying you 9% then they have to earn more than 9% with your crypto before they make any money. If such investments existed without disproportionate risk we'd all be buying them).

      Crypto has literally no value except as driven by desirability.

      It is gambling. Don't gamble what you're not prepared to lose.

      Don't get me wrong: you might make money. But it makes no sense why.

      • buffalo bill on 07/12/2020 - 21:24
        -3

        And we all know it will go t!ts up when crypto crashes again, and it will…

      • ph81 on 07/12/2020 - 21:30
        +1

        You really don't understand it do you.
        There's stablecoins that are pegged to the dollar if you're worried about volatility. Personally, I'd use Celsius and am getting 10%+ in interest on stablecoins because I'm not in the business of getting sfa interest from a bank that has no interest in its customers. Don't be a sheep.
        My money is safer with a company that puts it's customers first. That's not what a bank does.

        Enjoy the 0.10% you're earning though.

      • hen dawg on 07/12/2020 - 21:52

        @justtoreply I'm afraid you're not up to speed with crypto lending and earning platforms and how collateralized lending can work. Have a read of this:
        https://celsiusnetwork.medium.com/celsius-network-interest-r…
        Also, blockchain technology and smart contracts etc. provide a service and are have value beyond traders buying and selling.

      • offal spokesman on 08/12/2020 - 03:09
        +2

        to be fair the dollar has no "real" value. it only works while people "believe" in it.

        • TEER3X on 08/12/2020 - 13:00

          USD was/is backed by gold though, not sure here.

          Bitcoin definitely has value, maybe IP, but it doesn't really seem to be unique because of the sheer amount of other digital currencies, so I don't get the hype, but it's clearly going up and I'm missing out

          • ph81 on 08/12/2020 - 21:44
            +1

            @TEER3X: The USD hasnt been backed by gold since 1973.

    • aboutconfig on 09/12/2020 - 00:53

      If you keep the money as BTC and BTC drops to $10K, you lost 50% of your money, but if you keep those in USDT or GUSD, it has relative low risk

  • Jeffie on 07/12/2020 - 19:19
    +1

    This deal is a bit coiny.

  • ttfb on 07/12/2020 - 19:54
    +1

    It's a $350 deposit for a $50 bonus, in USD yeah?

    At the end of the period can we just transfer the BTC out to another wallet?

    • TEER3X on 07/12/2020 - 20:07

      Just asked the same thing lol, didn't see your comment

      • d-hunterz on 07/12/2020 - 20:35

        USD$350 deposit and USD $50 back, yes you can transfer to another wallet.

        • nfr on 07/12/2020 - 21:46

          I guess Blockfi converts local currencies to USD, do they use good exchange rates?

        • starbearer on 07/12/2020 - 22:38

          Thanks. Also, can we cash it out?

    • aboutconfig on 09/12/2020 - 00:52

      It says

      1. Share your unique referral code with your friends.

      2. Your friend then signs up using your unique referral code.

      3. Your friend deposits $350+ worth of crypto to their BlockFi Interest Account.

      4. Your friend holds the qualifying balance until 1/31/21 for you both to qualify for BTC bonuses.

      5. You and your friend will each earn a one time bonus of $25 and $50 in BTC, respectively.

      Is there a limit to the number of people I can refer and the number of bonuses I can receive?
      No, you are eligible to receive a bonus for each person you refer that meets the promo criteria.

      What happens after I refer a friend?
      Your friend will receive your unique referral code, they then deposit $350 or more within the promotion period and hold it through January 31, 2021. You'll both become eligible for the holiday payout.

      When will I receive my bonus?
      Both parties (referrer and referral) will be paid out by end of day on 2/15/21. For example, if your friend were to deposit crypto on 12/10/20 and maintain their >= $350 balance through 1/31/21, you and your friend will receive bonuses, $25 and $50 respectively, on 2/15/21.

  • TEER3X on 07/12/2020 - 20:07
    +1

    $350 USD deposit?

  • HolyCr4p on 07/12/2020 - 20:37
    -4

    No from me. Thanks for nothing aye

  • Wootwootwoot on 07/12/2020 - 20:58

    6% interest rate on BTC I believe

  • clubhonda on 07/12/2020 - 21:15
    -1

    I've signed up for one of this type before, and got bombarded with marketing calls non-stop and no way to get them to remove me from the list. Biggest pain in the butt there is.

    • BargainBender on 07/12/2020 - 22:36

      @clubhonda which co was it?

      • clubhonda on 08/12/2020 - 14:03
        -1

        Can't remember, but it was from ozb, similar to this offering free bitcoin.

  • lieh on 08/12/2020 - 13:51
    +1

    Withdrawal takes 2+/- business days, support takes 4+/- business days if anyone considers these things

  • aboutconfig on 09/12/2020 - 00:47

    Has the program been changed or those are seperate?

    For every person that signs up using your referral code and deposits $100 or more into their BlockFi Interest Account (BIA), you and that friend will each earn $10 in BTC.
    No hidden fees, no minimum balances, and no reason to wait.

    After five referrals, you’ll start earning a $20 BTC bonus for any additional referrals. Your referred friends will continue to earn $10 BTC bonuses after their qualifying deposits.
    Please note: Your friend will need to hold the qualifying balance of $100 or more until the following interest payment day to qualify you both for the bonus.

    **Disclaimer: Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections. Effective May 1st, 2020, BlockFi clients are eligible to earn up to $20 in BTC for each friend that they refer to the BlockFi Interest Account (BIA). For the first 5 friends they refer, a referrer (client) will earn $10 in BTC per referral and referees (new referred clients) will be paid a one time bonus of $10 in BTC. After a referrer has achieved 5 successful referrals to BlockFi, each subsequent referral will earn them $20 in BTC after the qualifying balance has been met. Each new referee will still earn a one time bonus of $10 in BTC. The referee must maintain a $100+ balance in any type of crypto or stablecoin in their BIA for at least 30 days after initial deposit or the referee will be ineligible to receive the payment. After the 30 days have passed, both parties will receive their BTC bonus payment on the nearest Interest Payment Day. This program is subject to change at any time without notice and will only pay bonuses to referrals that BlockFi deems eligible. Examples of ineligible referrals shall include (but are not limited to) using your referral code in any paid promotion methods such as Google Ads, Facebook Ads, banner ads or other paid channels. In addition, a client is not permitted to refer to themselves or legal entities within their control, or use any other method to game the referral program for repeat bonus payments. If a client is suspected of referral fraud in any way, BlockFi reserves the right to remove the referrer from the program, void any past and future bonus payments, and take any other related action it deems appropriate.

  • aboutconfig on 09/12/2020 - 01:03

    They charge about 0.9% in the trading (price difference)

    • shadowangel on 12/12/2020 - 13:18

      normaly yes but december there is a small rebate plus a trading promotion

      BONUS $$ For first time Blockfi Traders

      First Time Trader Payout Structure
      Tier: 1 | Trade From $100 - $9,999 | Bonus in BTC 0.25% From $0.25 - $25 | First Time Trader BTC Bonus $10
      Tier: 2 | Trade From $10,000 - $99,999 | Bonus in BTC 0.30% From $30 - $300 | First Time Trader BTC Bonus $35
      Tier: 3 | Trade From $100,000 - $249,000 | Bonus in BTC 0.35% From $350 - $875 | First Time Trader BTC Bonus $350
      Tier: 4 | Trade From $250,000 - $499,000 | Bonus in BTC 0.45% From $1,125 - $2,250 | First Time Trader BTC Bonus $875
      Tier: 5 | Trade From $500,000 - $999,000 | Bonus in BTC 0.50% From $2,500 - $5,000 | First Time Trader BTC Bonus $1,750
      Tier: 6 | Trade From $1,000,000+ | Bonus in BTC 0.55% From $5500 - No Limit | First Time Trader BTC Bonus $3,500

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