BlockFi Revew, promotions and contacts

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BlockFi review

BlockFi often has promotions for new and existing users, so we’ll keep them updated here. In addition, you can get a $10 bonus in free Bitcoin for every person you refer to this crypto service, which offers zero-fee trading, interest accounts, and crypto-backed loans. 

Many crypto investors store their digital assets or cons on a hardware wallet or a fiat-to-crypto exchange. While this is standard, it won’t build your crypto wealth over time, which is the whole point of investments. Here’s where BlockFi comes into play. The secure and straightforward platform aims to bridge the gap between cryptocurrency and traditional finance, giving you a completely new way to grow your wealth. Let’s go into more detail below.

BlockFi Up To $250 Bitcoin Bonus

Fund your Block Interest Account (BIA) for the first time to earn a special bonus.

  • $100 – $1,499 deposit = $15 BTC payout
  • $1,500 – $19,999 deposit = $20 BTC payout
  • $20,000 – $39,999 deposit = $40 BTC payout
  • $40,000 – $74,999 deposit = $75 BTC payout
  • $75,000 – $99,999 deposit = $100 BTC payout
  • $100,000+ deposit = $250 BTC payout

BlockFi $10 Sign-Up Bonus

Get a $10 bonus in Bitcoin when you register for a free account. To qualify, follow the steps below:

  1. Click on this referral link.
  2. Enter the code ce1208e6 in the Referral Field if it doesn’t automatically load.
  3. Create a BlockFi account.
  4. Deposit a $100+ worth of crypto to your BlockFi Interest Account.
  5. Maintain a $100+ minimum balance in any type of crypto or stable coin for at least 30 days after an initial deposit.

After completing all the above steps, you will receive your bonus with your following interest statement.

BlockFi $10 – $25 Per Referral

  • Once you have an active Fi account, log in to find the “Refer a Friend” option.
  • You can share your personal referral link or share via Facebook/Twitter.
  • For every new friend that signs up using your unique referral code and deposits from $100+ worth of crypto, you will each earn $10 in BTC.
  • Your friend will also need to hold the qualifying balance at least 30 days until the following interest payment day to qualify you both for the bonus.
  • After five qualifying referrals, you will start earning a $20 BTC bonus.

BlockFi Bitcoin Rewards Credit Card $250 Sign Up Bitcoin Bonus

Unlimited 1.5% back in bitcoin on every purchase.

  • No annual fee and no foreign transaction fees
  • 3.5% bitcoin rewards on all purchases in the first 90 days of card ownership, up to $100 in bitcoin
  • 2% back in BTC on every dollar over $50,000 of annual spend
  • 2% APY bonus on your stablecoin holdings
  • Earn daily crypto interest that compounds monthly on all BTC earned
  • $30 in bitcoin for every client referral, on top of the base Refer-a-Friend program

BlockFi Features

BlockFi provides crypto services to individuals and businesses worldwide, including interest-earning crypto accounts, low-cost USD loans secured with crypto, a cryptocurrency trading platform, and the ability to purchase stablecoins using USD wire transfers.

A BlockFi Interest Account lets you store cryptocurrency and earn interest on your capital invested with the platform. The interest amount depends on the cryptocurrency:

CRYPTOCURRENCY AMOUNT APY
Bitcoin (BTC) 0 to 0.25 4%
Bitcoin (BTC) >0.25 to 5 1.5%
Bitcoin (BTC) >5 & above 0.25%
Link 0 to 750 3%
Link >750 & above 0.5%
Ether (ETH) 0 to 5 4%
Ether (ETH) >5 to 50 1.5%
Ether (ETH) >50 & above 0.25%
Litecoin (LTC) 0 to 100 4.5%
Litecoin (LTC) >100 & above 2%
USD Stablecoin 0 to 50,000 7.5%
USD Stablecoin >50,000 & above 5%
Gemini Dollar (GUSD) > 0 8.6%
Paxos Standard (PAX) > 0 8.6%
PAXG 0 to 5 2%
PAXG >5 & above 0.5%
USDT 0 to 50,000 7.5%
USDT >50,000 & above 5%
BUSD >0 8.6%

When you store your crypto assets with BlockFi, you’ll earn a monthly interest at the beginning of each month, which will start to accrue the day after your deposit. After that, the interest you earn compounds monthly.

There’s no minimum to invest (and no maximum). So, the BlockFi Interest Account is an excellent way for newbies to earn interest in crypto.

BlockFi lets you deposit your crypto (Bitcoin, Ether, or Litecoin) as collateral to get US Dollars. The same-day loans provide funds without forcing you to liquidate your assets or trigger taxable events. Here’s how it works:

  1. Apply, lock down your terms and get a decision within a few hours.
  2. Send your crypto assets to BlockFi’s secured storage address.
  3. BlockFi will send the funds to your bank account.
  4. Make monthly interest-only payments in dollars or crypto. In the end, pay back the principal or refinance.

The BlockFi loan interest rate depends on the loan-to-value (LTV) ratio you choose, which is determined by the amount of collateral you need to deposit in order to take out the loan.

If you have a BlockFi account, you can trade cryptocurrencies and switch between pairs. You’ll still earn compound interest as you trade between crypto-assets. Plus, there are no fees to trade.

BlockFi Wire Transfer

BlockFi lets you send cash deposits using wire transfer to purchase stablecoins directly. This feature makes it easy for crypto rookies to start investing in cryptocurrencies.

Cash deposits are automatically exchanged into GUSD, which you can then convert into the crypto of your choice.

BlockFi Fees

As mentioned before, there are no fees to trade between cryptocurrencies. However, there are withdrawal fees (and limits) on BlockFi Interest Accounts:

CRYPTOCURRENCY WITHDRAWAL FEE WITHDRAWAL LIMIT
Bitcoin (BTC) 0.0025 BTC 100 per week
Ethereum (ETH) 0.0015 ETH $5K per week
Litecoin (LTC) 0.0025 LTC $10K per week
Stablecoins $0.25 $1M per week

BlockFi Contacts

Phone number: 888-798-6139

Americas:

  • New York, NY, US
  • Jersey City, NJ, US
  • Buenos Aires, Argentina

EMEA:

  • London, UK
  • Warsaw, Poland
  • Krakow, Poland

APAC:

  • Singapore

Summary

If you’re looking for an easy way to invest in crypto and earn interest in your digital asset portfolio, BlockFi is an excellent option.

 

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