Slickdeals is not registered as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended, and nothing on money.slickdeals.net should be construed as advice concerning securities, the advisability of investing in, buy, or selling securities, or the merits of any investment adviser. To better understand BlockFi ’ south services, here ’ s a abbreviated walkthrough of the cryptocurrency trade platform. No promo code needed to qualify for this BlockFi promo. BlockFi Interest Accounts ( BIAs ) are not insured by the Federal Deposit Insurance Corporation ( FDIC ) or the Securities Investor Protection Corporation ( SIPC ). To learn more about this, please visit BlockFi ’ s regulative development page. BlockFi is an consort partner of Slickdeals. In this article
BlockFi Bonus
BlockFi offers promotions and sign-up bonuses for new accounts throughout the year for new and existing clients. These limited-time offers include new deposit bonuses, trading volume bonuses and referral bonuses. No referral code is needed for the BlockFi promo when using this yoke to open an eligible account.
Partner Bonus Offer
Fund your BlockFi Interest Account ( BIA ) for the beginning time to earn a erstwhile Bitcoin bonus of up to $ 250. The BTC payout depends on the initial depository sum :
- $100-$149: $15
- $1,500-$19,999: $20
- $20,000-$39,000: $40
- $40,000-$79,000: $75
- $75,000-$99,000: $150
- $100,000 or more: $250
( Slickdeals updates rates sporadically. These are accurate as of May 2022 ) The term BTC payout refers to the sign-up bonus for opening a new BIA account. once you ’ ve opened and funded an account using the partner links in this article and met promo eligibility requirements, your bonus will be deposited into your account as Bitcoin ( BTC ). The BlockFi Interest Account lets you earn monthly matter to payments in the asset-type that you deposit. Learn more about these interest-earning accounts below.
How Can I Get the BlockFi Bonus?
New clients qualify for a sign-up bonus of up to $ 250 when they open a newfangled Interest Account using this referral connect and then fund their accounts during the current promotional period. When you do so, you are eligible to receive a Bitcoin bonus between $ 15- $ 250 in BTC, depending on your investment tier. Offer expiration: December 31, 2021 Bonus qualifications: This must be your inaugural deposit, and you must maintain a minimum balance of $ 25 through the 14th of the month for two-and-a-half months — from the calendar month of report opening — in order to remain eligible. model : If you open an Interest Account in May 2021, then you ’ ll motivation to maintain the minimal history libra until August 14, 2021. How long to receive the bonus: Eligible BTC payouts occur on the 15th of every calendar month on a roll basis. If the 15th falls on a weekend, then the bonus payout will occur by the end of the following business day. There is a utmost of one bonus per node. This volunteer is not valid in junction with any early current or past BlockFi promos, and the promo code on the report will be used to determine promo eligibility for modern accounts. trade qualifications are dependent upon geographic or regulative restrictions. Terms subject to change.
Referral Bonus
once you ’ ve become a BlockFi customer, you are eligible for its referral bonus platform. For every person who signs up using your BlockFi referral code and deposits $ 100 or more into their BIA, you and that supporter will each earn $ 10 in BTC. After five referrals, you ’ ll start earning a $ 20 BTC bonus for any extra referrals. Your mention friends will continue to earn $ 10 BTC bonuses after their stipulate deposits. You can obtain a BlockFi referral code, a well as a referral link, by visiting the Refer-a-Friend landing page. similarly, newly promotions and past promotions are listed here on the promotions page.
How BlockFi Works
BlockFi is a fiscal services company that provides sediment accounts, loans and trade for several of the most popular cryptocurrencies. Unlike many crypto wallets, BlockFi pays matter to on cryptocurrency balances you store in an Interest account. You can unlock the equity in your cryptocurrency holdings without selling by using your history balance as collateral for a crypto-backed loan, similar to how you would use a home for a mortgage or car for an car loan. BlockFi trade makes it potential to turn your dollars into crypto and back.
Read more: Forum Policy
While BlockFi has a short list of support currencies ( besides called coins ) than some competitors, it has backing from firms including Fidelity, Coinbase Ventures, SoFi, Akuna Capital and Winklevoss Capital.
Types of Accounts
BlockFi offers several consumer products angstrom well as institutional investment services.
BlockFi Interest Accounts
If you have cash deposited in a savings report at the largest traditional banks in the United States, you ’ ll probably earn an interest rate of around 0.01 %. You can earn angstrom much as 950 times more with a pace of 9.5 %. BlockFi Interest Accounts ( BIA ) offers colonial interest and pays you in the like cryptocurrency you deposit. BlockFi uses your deposits for its collateralize loans exchangeable to how banks lend out deposits to earn money. hera ’ s a snapshot of current average percentage yields ( APYs ) as of this write :
BTC
- Tier 1: Up to 0.10 coins = 4.50% APY
- Tier 2: 0.10-0.35 coins = 1.00% APY
- Tier 3: more than 0.35 coins = 0.10% APY
ETH
- Tier 1: Up to 1.50 coins = 5.00% APY
- Tier 2: 1.50 to 50 coins = 1.50% APY
- Tier 3: more than 50 coins = 0.25% APY
LTC
- Tier 1: Up to 20 coins = 4.75% APY
- Tier 2: 20 to 100 coins = 1.00% APY
- Tier 3: more than 100 coins = 0.10% APY
LINK
- Tier 1: Up to 100 coins = 3.50% APY
- Tier 2: 100 to 500 coins = 0.50% APY
- Tier 3: more than 500 coins = 0.10% APY
USDC
- Tier 1: Up to 40,000 coins = 9.00% APY
- Tier 2: more than 40,000 coins = 8.00% APY
GUSD
- Tier 1: Up to 40,000 coins = 9.00% APY
- Tier 2: more than 40,000 coins = 8.00% APY
PAX
- Tier 1: Up to 40,000 coins = 9.00% APY
- Tier 2: more than 40,000 coins = 8.00% APY
PAXG
- Tier 1: Up to 1.5 coins = 3.25% APY
- Tier 2: 1.5 to 5 coins = 0.20% APY
- Tier 3: more than 5 coins = 0.10% APY
USTD
- Tier 1: Up to 40,000 coins = 9.50% APY
- Tier 2: more than 40,000 coins = 8.50% APY
BUSD
- Tier 1: Up to 40,000 coins = 9.00% APY
- Tier 2: more than 40,000 coins = 8.00% APY
DAI
- Tier 1: Up to 40,000 coins = 9.00% APY
- Tier 2: more than 40,000 coins = 8.00% APY
UNI
- Tier 1: Up to 100 coins = 3.25% APY
- Tier 2: 100 to 500 coins = 0.20% APY
- Tier 3: more than 500 coins = 0.10% APY
BAT
- Tier 1: Up to 4,000 coins = 3.25% APY
- Tier 2: 4,000 to 20,000 coins = 0.20% APY
- Tier 3: more than 20,000 coins = 0.10% APY
reservoir : Rates ( Slickdeals updates rates sporadically. These are accurate as of May 2022 )
Crypto Loans
You can use Bitcoin, Ether or Litecoin balances as collateral for a crypto-backed lend in U.S. dollars. Loans start at $ 5,000. BlockFi offers loans with a loan-to-value proportion ( LTV ) of up to 50 %, which means you have to put down collateral worth at least half of what you borrow. Crypto-backed loans come with an origin tip of 2 %. Interest rates are driven by the LTV :
| LTV Ratio | Interest Rate | Origination Fee |
| 50% | 9.75% | 2% |
| 35% | 7.9% | 2% |
| 20% | 4.5% | 2% |
generator : Rates ( Slickdeals updates rates sporadically. These are accurate as of May 2022 )
Crypto Trading
BlockFi offers a variety of wealth management tools designed precisely for cryptoinvestors. BlockFi doesn ’ thyroxine charge any fees for cryptocurrency trades. Any costs are built into the currency price. BlockFi allows one free Stablecoin and one loose crypto withdrawal each calendar month. extra withdrawals are allowed, but you will be charged a fee. here are the fees for withdrawals :
| Currency | Withdrawal Limit | Fees |
| BTC | 100 per 7 days | 0.0075 BTC |
| ETH | 5,000 per 7 days | 0.015 ETH |
| LINK | 65,000 per 7 days | 2.00 LINK |
| LTC | 10,000 per 7 days | 0.001 LTC |
| Stablecoins | 1 million per 7 days | $50 USD |
| PAXG | 500 per 7 days | 0.035 PAXG |
| UNI | 5,500 per 7 days | 2.50 UNI |
| BAT | 2 million per 7 days | 60.0 BAT |
informant : Fees ( Slickdeals updates rates sporadically. These are accurate as of May 2022 ) Behind the scenes, this platform works with Gemini as a custodian, which means Gemini holds your coins for BlockFi on your behalf.
Bitcoin Rewards Credit Card
In early on 2021, BlockFi launched the populace ’ mho first gear credit card that offers cryptocurrency alternatively of more traditional forms of credit card rewards. The BlockFi Bitcoin Rewards Credit Card offers 1.5 % back on every purchase you make in the mannequin of Bitcoin. You ’ ll besides earn $ 250 BTC bonus after you spend $ 3,000 in the first three months, along with 3.5 % Bitcoin rewards on all purchases during the beginning 90 days of card ownership. This last basic offer is capped at $ 100 in Bitcoin. Each month, the rewards you earned from the former calendar month will be added to your BlockFi Interest Account, which offers up to 8.6 % APY. The tease charges a $ 200 annual tip.
Instant Bank Transfers (ACH)
BlockFi users can buy and trade cryptoassets using funds from their depository financial institution account via BlockFi ’ randomness Instant Bank Transfer service. This besides allows users to set up recurring buys.
Getting Started
The BlockFi getting started summons takes a few minutes and there is no minimum deposit to open a newly account. additionally, the current BlockFi promo gives you the opportunity to earn a sign-up bonus worth upwards of $ 250 in free Bitcoin. No promo code is needed to qualify for this bonus.
BlockFi FAQ
How does BlockFi’s referral program work? You and a friend will earn $ 10 in BTC when they open a BlockFi Interest Account ( with your referral link ) and fund it with $ 100 or more. After your beginning five referrals, you will earn a $ 20 BTC bonus for each successful referral. How soon will I get my Blockfi bonus after using the referral promo code? once you ’ ve opened an account using your promo code and completed the all qualify transactions, eligible bonuses will be deposited into your BlockFi Interest Account on or before the second gear Friday of the month. All bonuses will be paid in Stablecoin.
How do I get more referrals? There is presently no limit to the issue of referral bonuses you can earn, and getting more referrals is merely a matter of selecting the “ Refer-A-Friend ” choice in your account splashboard menu. What are Blockfi Interest Rates? BlockFi concern rates are tiered and vary between 0.10 % APY to 9.50 % APY. The specific pastime pace depends on both the amount and character of crypto hold. As an example, if you hold less than 40,000 USDT, you can earn 9.50 % APY on your symmetry. however if you hold more than 40,000 USDT, then you ’ ll earn 8.50 % APY. Refer to the table above for dispatch details. How do I withdraw my money from BlockFi? While you can withdraw your funds as cash to be deposited into a depository financial institution report, merely Stablecoins are eligible for this type of transaction. All other types of coins will need to be converted to a Stabelcoin before withdrawing your crypto balance as cash. BlockFi offers one free Stablecoin withdrawal and one free crypto withdrawal each calendar month. extra withdrawals, outside of the release monthly transaction, are subject to fees that varies depending on the character of mint. To withdraw funds, plainly login to your splashboard, select the “ Withdraw ” menu option, and follow the prompts.