BlockFi referral code

Get the latest exclusive deals from BlockFi as a part of April Brave Promo, Refer-A-Friend program, April Partner and Wire Promos. For instance, as a part of the Refer-A-Friend program with the BlockFi referral code, you’ll get 10% of the interest your friend earns. This is on the top of what they make, so your bonus isn’t deducted from their payout. It is paid on the top of the amount they earn. Some promos and special offers have validity restrictions and expiration dates.

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BlockFi deposit referral code 2020

BlockFi is a platform that helps crypto investors by providing USD loans backed with crypto, i.e. the crypto assets are used as collateral. The company offers lucrative deals to the traders who are registered on the platform. For instance, they can make use of such products as BlockFi Interest Account (earn interest on cryptocurrencies of up to 8.6% APR, restrictions apply) or Interest Payment Flex (this product allows selecting the currency of the interest payout). In addition to the technical analysis reports and reviews, the platform clients also get an option to apply for fiat loans (USD) using cryptocurrencies as a collateral.

How do I sign-up with BlockFi using the referral code (for new users)?

You can register on the main page of the official website. To do this, please

  1. Open the BlockFi official web-site page.
  2. Fill out the personal data fields.
  3. Enter your email and phone number.

Make sure you use the BlockFi referral code to get a bonus.

Then the registration is confirmed and you are provided with access to your account. Please note that existing users have to log in to their BlockFI Dashboard and find the respective field/button there (e.g. ‘Refer A Friend’). Then your friends get the URLs and they need to get registered using the link they received.

BlockFi bonuses

The platform offers various types of bonuses. Some of them are linked to deposits and some aren’t.

  • Welcome, bonus. It usually 10% of the first deposit, the amount and conditions vary.
  • Bonus points. The bonus could be a lowered APR for a future loan or increased deposit payouts.
  • Free deals. Some transactions are available for free.

BlockFi is considered a legit and reliable company with a lucrative bonus program.

Bonus terms and conditions

While specific terms and conditions vary from the bonus program to a bonus program, the key element remains the same. The users have to either register (new ones) or use their existing accounts at BlockFi plus they need to deposit some fiat or crypto money into their account. The users are also given an option to draw a loan from the BlockFi platform.

FAQ

Who can get a loan on the BlockFi website?

Any registered user can get a loan. However, before this, the user will have to undergo the verification process and provide the platform with the personal information. This might include the credit history as a part of the BlockFi KYC process.

What are the benefits of getting a crypto loan from BlockFi?

The main advantage is that you don’t have to sell your crypto assets. Instead, you still own them, but they are used as collateral for your loan. Thus, you might build various investment portfolio setups and chose what’s more profitable.

How the BlockFi Refer-A-Friend program works ? When you send a friend your referral code (it’ll look like https://blockfi.com/?ref=a65d581d) and they sign-up with your link, you’ll receive credit for that account.

How do I open a BIA account?

The BlockFi Interest Account is available to users who are older than 18 yo and live pretty much anywhere in the world except for NY, CT, WA, and the European Union. People who live in countries that are listed in the US sanctions/embargo list are also excluded and can’t open the BIA account.

How do I make money using cryptocurrency?

Yes, you can make a profit by placing money into BlockFi deposit accounts. This might look like a conservative investment, but over time you can accumulate a significant amount.

Can I cash out the sign-up or referral bonus right after I get it?

No. As per the terms and conditions of the bonus program, the users are required to execute at least several deals and get the profit. Only after this, it will be possible to withdraw the bonus.

Platform quality

The key BlockFi product is the BIA. The interest accounts offer competitive rates for deposits. All the data is securely encrypted and safely stored in the BlockFi cloud. Unlike some of the competitors who use some of the outdated technology, the BlockFi platform is built using the latest state of the art technology and thus the level of data security and protection are in full compliance with all the current information security standards like SOC Type 2 security, Gemini security, etc.

One section per product

The official BlockFi website is made in classic blue shades, the main advantages of the portal are

  • intuitive interface;
  • thought-through functionality;
  • availability of information.

For users, there are several currencies they can work with. There is also a blog with information that will be useful to the new users. The main site language is English.

Special promos and bonuses

The new and registred BlockFi users enjoy the following special promotions and bonuses:

  1. BlockFi Referral code. This is a special code that offers special conditions and promotions, e.g. $20 in GUSD after $100 deposit or $30 in BTC after $100 deposit. Check our your BlockFi Referral code to see the current promotion conditions.
  2. Monthly promos. Pretty much every month BlockFi announces a monthly special like March Brave Promo or April Brave Promo. Make sure you check out the monthly promo conditions as the BlockFi website. Often the monthly promo features some special conditions like getting $10 in BTC after a $100 deposit is made.
  3. Loans promo. This type of promo is announced form time to time, conditions vary. Make sure you check these types of promos as well. To give you an idea, this winter they announced that new and existing clients who originated loans $5k+ are eligible to have the origination fee waived plus a lowered APR.

Please make sure you read the fine print for each offer as conditions could vary depending on the user type (new or existing).

Lines of business and key differentiators

BlockFi makes money in the two lines of business. The former is built around loans to individual and institutional investors. And the latter has deposits mechanism that allows people and companies to earn the high interest instead of keeping the money in the savings account. Both lines of business have been around in the retail and investment banking for quite some time. BlockFi has reinvented and rethought these products by introducing the cryptocurrency elements.

Customer Service

The platform customers receive everything necessary for the efficient trading of cryptocurrency and other assets. BlockFi provides various opportunities to earn like executing the deals, trading financing and deposits.

BlockFi interest account allows currency market traders to earn increased revenue. The majority of the competition can’t beat the BlockFi product offering both in terms of the rates and flexibility. If you have questions, you may reach out to the customer support service. This can be done by phone or email.

Educational program

Hobby investors and beginners might find some good advice in the BlockFi corporate blog. In addition to the discussion of the latest market trends plus it often features nice references to some promos like the BlockFi referral code. The educated content is being built now, so there might be some room for improvement there. Based on the latest developments, BlockFi is trying to do their best to further develop its educational program.

Supported cryptocurrencies

At present BlockFi supports the following cryptocurrencies :

  • BTC
  • ETH
  • Litecoin
  • Gemini Dollars
  • USDC Dollars

These currencies can be used both for deposits and loan withdrawal. Interest rates can also be nominated in cryptocurrencies.

Deposits

The key BlockFi’s advantage is that the interest account has no minimum or maximum thresholds. The user can deposit any amount using the standard deposit methods.

You can transfer money from a credit card, cryptocurrency wallet or through online banking. It is worth noting that the platform does not charge a fee for topping up the deposit account. It has to be noted though that the loan product does have some commission/fees. Please check specific loans product for fees, schedule, APR and other important product details.

Funds withdrawal

It pretty much mirrors the deposit channels. Please note that you need to allocate additional time to withdrawal request processing (usually takes from 1 to 3 days). The rule of a thumb is that the bigger the withdrawal amount the longer it takes to complete the funds’ withdrawal.

Mobile version

Currently, BlockFi doesn’t offer an app.

Our review

BlockFi is a company with extensive experience in the field of traditional financial services and banking. Today, the broker holds a leading position on the market attracting new users to the platform. Especially those who want to get a crypto loan or open their interest account in or with cryptocurrency.

BlockFi interest rates are considered one to be competitive, especially if compared to the cryptocurrency storage fees on other exchanges or wallets. The registered users enjoy high-interest rates that they earn on their deposits.

BlockFi offers a great state of the art service that elevates the clients comfort to the next level. Today everyone can register an account and start trading or built the passive revenue stream with deposits.

Top 3 alternatives to BlockFi

  1. RoboForex. The company has been operating since 2009 and is considered one of the most attractive among users. It works under an official license and does not charge a commission for topping up an account. Offers users standard and demo accounts.
  2. Admiral Markets. The company is on the market since 2001. The main office is in England. The platform supports currency pairs and cryptocurrencies trading. The sign-up bonus is available.
  3. Exness. The company is in business since 2008 provides training services for beginners, and also offers partnerships. No deposit and deposit bonuses are available for registered traders.