BlockFi Referral Code 2022: Free BTC Sign Up Bonus Worth up to 250$

BlockFi referral code: Get up to a $250 welcome bonus in BTC when you transfer $100 or more in crypto to your BlockFi interest account. Terms apply.

Today, I’m partnering with BlockFi to bring you an exclusive referral code for their platform. You can get up to 250$ in BTC for free when you register an account and deposit crypto into your BlockFi interest account. You will need to hold your qualifying balance until the following interest payment date to qualify for the bonus. See full terms on the website.

BlockFi is a leading crypto lending platform that allows users to earn compound interest rates on their cryptocurrency savings. If you fancy joining this crypto lending platform, make sure to use our BlockFi referral link when signing up to get up to 250$ USD in BTC for free once you’ve met the qualifying criteria.

Note: The BIAs have not been registered under the Securities Act of 1933 and may not be offered or sold in the  United States, to U.S. persons, for the account or benefit of a U.S. person or in any jurisdiction in which  such offer would be prohibited.

  • Up to $250 free sign up bonus for new investors
  • Available worldwide (see restrictions below)
  • Earn interest in-kind or different currency
  • Regulated platform
  • Free monthly withdrawal

Read more: The best sites to earn interest on Bitcoin and cryptocurrencies

BlockFi promo code terms

💰 Bonus$15 – 250 in BTC
⌚ Payout termSingle
🤝 ConditionDeposit $100+ in crypto
📝 Referral CodePARTNER250
BlockFi referral code

BlockFi referral code payout structure

Deposit amountBonus in BTC
$100 – $1,499$15
$1,500 – $19,999$20
$20,000 – $39,999$40
$40,000 – $74,999$75
$75,000 – $99,999$150
$100,000+$250
Bonus structure as per 21 June 2021

Interest rates

CryptocurrencyAPY
BTC (Tier 1)4.5%
ETH (Tier 1)5%
LINK (Tier 1)2.5%
LTC3.5%
PAXG3.25%
USDC8.75%
GUSD8.75%
PAX*8.75%
BUSD8.75%
USDT*9.25%
Rates as of 03 January 2022. Actual rates may vary. *PAX and USDT are not available in the US

BlockFi availability

BlockFi services are available worldwide with a few geographical restrictions:

  • BlockFi is not available in: Afghanistan, Belarus, Burundi, Central African Republic, China, Congo, Cote D’ivoire, Cuba, Cyprus, Eritrea, Fiji, Haiti, Iran, Iraq, North Korea, Kyrgyzstan, Lebanon, Libya, Macedonia, Palestinian Occupied Territory, Russian Federation, Rwanda, Somalia, Sri Lanka, Sudan, Syria, Yemen, Zimbabwe
  • The BlockFi Wallet is available in these US states: AL, AR, AZ, CA, CO, DC, DE, FL, IA, IL, IN, KS, KY, MA, MD, ME, MI, MN, MS, NC, NE, NH, NJ, OH, OK, OR, PA, SC, TN, TX, UT, VA, WA, WV
  • Interest accounts are not available in: the US
  • Trading is unavailable in: CT, GA, HI, NM, NV, NY, VT

What is BlockFi?

BlockFi is a company that offers loans which are backed by cryptocurrency collateral. They also offer accounts that generate interest for users who store their crypto with them. BlockFi lets you deposit Bitcoin, Ethereum, Litecoin, and LINK. You can also deposit stablecoins. You will earn interest on your deposited funds. There is no minimum amount required to start earning interest. You can withdraw your funds once per month.

BlockFi supported crypto

BlockFi interest accounts allow you to earn interest on the following cryptocurrencies and stablecoins:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Chainlink (LINK)
  • Uniswap (UNI)
  • Basic Attention Token (BAT)
  • USD Coin (USDC)
  • Tether (USDT)
  • Gemini Dollar (GUSD)
  • Paxos Standard Token (PAX)
  • Dai (Dai)
  • Binance USD (BUSD)
  • PAX Gold (PAXG)

What are the benefits of using BlockFi?

There are several benefits of using BlockFi. First, BlockFi offers very competitive interest rates. For example, non-US citizens can earn interest on their deposited BTC. Second, BlockFi allows you to borrow against your cryptocurrency collateral. This means that you can take out a loan without having to sell your crypto holdings. Third, BlockFi is one of the most trusted companies in the space. They have raised over billions from investors such as Galaxy Digital, SoFi, and Akuna Capital.

What are the risks of using BlockFi?

There are some risks to be aware of before using BlockFi. First, like all companies in the cryptocurrency space, BlockFi is new and runs on venture capital. They are operating in an increasingly competitive market and may not be able to continue to offer the same services at the same prices. Second, BlockFi is a centralized company. This means that they are subject to government regulation. They also have control over your deposited funds. Third, because BlockFi offers loans backed by cryptocurrency collateral, if the value of your collateral falls you may be required to post additional collateral or your loan could be called in.

This is significantly higher than what most banks and traditional financial institutions are offering. That being said, the rates at BlockFi are still much better than what you would get if you were to just hold your crypto.

One minute review of BlockFi

BlockFi is a company that offers a new type of cryptocurrency investment and savings account. They provide crypto-backed loans and are building the world’s first diversified, institutional-grade portfolio for storing digital assets. BlockFi is backed by some of the most respected names in finance, including Valar Ventures and Coinbase. The team’s goal is to make it easier for more people to own cryptocurrencies through financial products like savings or crypto-backed loans.

BlockFi’s current products consist of an interest-bearing cryptocurrency account, an exchange, and a loan platform. The Blockfi team expects that this business will expand in the future as they launch new types of services to meet changing customer needs, such as lending against other digital assets or secure storage solutions. BlockFi offers much higher interest rates higher than comparable traditional bank savings accounts. In addition, Blockfi has a welcome program for new investors that allows you to earn a cashback bonus.

BlockFi referral code: FAQ

What is BlockFi?

Founded in 2017, BlockFi is an NYC-based non-bank lending company that offers competitive interest-bearing savings accounts for cryptocurrencies, including BTC, ETH, USDC, and PAX. BlockFi generates interest on assets held by lending funds to institutional and corporate borrowers. Interest is accumulated from the day the platform receives your deposits. Read my full review of BlockFi here.

What are BlockFi’s interest rates?

Users can earn up to 8.6% interest on their deposits. While rates vary, account holders can currently enjoy up to 5% on BTC, 4.5% on ETH, 5.5% on LTC, 8.6% on USDC, 8.6% on GUSD, and 8.6% on PAX deposits.

Where is BlockFi available?

The BlockFi Interest Account is available to clients worldwide, with a few exceptions. For example, BlockFi is not available to clients located in sanctioned or watchlist countries.

Is BlockFi Safe?

BlockFi keeps reserves stored with the crypto custodian Gemini, a New York trust company regulated by NYDFS.

Is BlockFi Regulated?

BlockFi s registered with the U.S. Department of Treasury Financial Crimes Enforcement Network (“FinCEN”) as a money services business (“MSB”). Furthermore, BlockFi is licensed and regulated in several states in the US.

How do you get a bonus on BlockFi?

From time to time you can get a Bitcoin bonus on BlockFi by making a trade on any cryptocurrency on the platform, but only during select periods.

How does the BlockFi referral system work?

BlockFi’s referral system works like this: When you refer friends to the platform and they deposit $100 or more into their BlockFi Interest Account, both you and your friend earn $10 in Bitcoin.

Lucas P.
Lucas P.

About the author: Lucas P., a pen name for privacy reasons, is an investor, hobby finance writer, and die-hard FIRE enthusiast. Lucas has previously served as editor for a news outlet in his European home country but now spends his time dabbling with traditional and alternative investments. To learn more about Lucas, visit his profile page.