Easy answer: Free $10 Bonus
Why now?
Because, to receive your bonus, Blockfi requires you to deposit at least $100 worth of crypto (BTC, ETH, LTC, USDC, GUSD, PAX) and hold it for 30 days until the next payout date, which is the beginning of the month. If you open an account now, precisely at the end of the month, and throw in a $100, you’ll get your $10 bonus as quick as possible.
After you received your bonus you can immediately withdraw your funds for free and be $10 richer. This is possible because you get one free withdrawal per month. That’s 10% interest in a couple of weeks. Not bad. In addition to that you also get 1 month of interest on your deposit. Even better.
All you have to do is open an account with Blockfi using my referral code or this link directly. Click on "Get Started", go through the lightning fast KYC process and send $100 worth of the currency of your choice to your corresponding Blockfi address. That's it. The interface is sleek and clear and you’ll find Blockfi to be very user friendly.
Beware to only send the right currency to the right address. You also can’t send any ETH tokens to the ETH address, only ETH itself.
If you don’t own any crypto asset yet, you can buy GUSD (a so called stablecoin - click here for information) via wire transfer and still get the bonus and also your foot into crypto very easily. If you’re not in the US, this can take up to 3-5 days to process so do it in time that you can get your bonus next month. The bonus will be paid out in Bitcoin, so you could even get your first bitcoin like this with zero to no hassle.
It’s important that you use my code b9651f1d or you won’t receive your $10 bonus.
If you want to, you can even keep your money in the interest account and earn interest on your deposit and also on your free $10.
In addition to that interest account, Blockfi newly offers a trading feature to convert the aforementioned currency pairs, say if you only have ETH available but want to profit of the higher rates for BTC, just exchange ETH for BTC for free right in your account and you’re good to go. Change it back before you withdraw, if you want to. Also you can turn those GUSD you got via wire transfer into BTC or ETH.
The rates are overall quite good and you can watch your accrued interest increase daily being paid out to your account once a month.
6% for BTC, 4.5% for ETH, 3.8% for LTC, 8.6% for each of the stable coins.
Compared to normal interest rates offered by traditional banks these are absolutely incredible. It’s also the highest rate for small amounts of bitcoin compared to other interest accounts.
Blockfi also allows you to take out a loan using your crypto assets as collateral if you’re interested in that. You roughly need at least double the amount of the loan to be in your interest account. Let’s say you want to take out a $5000 loan (minimum), you’d need to have 1.08 BTC. Interest fees can be lowered with a higher amount of collateral.
If you’re only depositing exactly $100 for the bonus it would be best to use a stablecoin to avoid your accounts worth falling under $100 because of price fluctuation. Also keep transaction fees in mind when sending BTC and send the whole amount in one transaction, otherwise you’ll burn your bonus before you even got it.
After you opened your account, i recommend you install the mobile app since it makes it even simpler to manage.
If you like Blockfi you can also start referring your friends or other people and get another $10 each for every referral. You can find the code right in the app.
This applies only to new users, that have never used blockfi before.
Blockfi terms apply. This is not financial advise, just purely informational.
