Before you use a BlockFi referral code at sign up, note that not all BlockFi invite codes will give you the same referral bonus.
By default, all BlockFi referral codes reward new and existing users only $10 in BTC. However, if the referrer (the person who referred you) is a BlockFi Rewards Credit Card holder or a BlockFi referral partner, you could receive more in referral bonuses.
You are eligible to receive $40 in BTC when you sign up with the BlockFi referral code: 1413a51f . This referral bonus is $30 higher than the usual BlockFi referral bonus because the code is linked to a BlockFi Rewards Credit Card. See proof below that we are a BlockFi Rewards Credit Card holder.
To receive $40 in BTC, you must fund your account with at least $100 within 30 days of signing up.
You can earn more BTC when you refer your own friends to BlockFi. You will receive $10 for every successful referral to BlockFi for the first 5 referral. After the first 5 referral, your referral rate will increase to $20 for all additional referrals. There is no limit on how many users you can refer to BlockFi.
You will receive your $40 BlockFi referral bonus as two separate deposits. The first deposit is $10 and it will be applied to your account on the second Friday of the month. The remaining $30 will be applied to your account 3-5 days after the first deposit.
What is a BlockFi Referral Code? The BlockFi referral code is an 8 character alphanumeric code that you can find in your BlockFi account. For example, our BlockFi referral code is: 1413a51f . Currently, BlockFi has 3 different referral bonuses for new users:
$10 BlockFi Referral Bonus: This is the most common BlockFi referral rate assigned to all new BlockFi accounts. Your BlockFi referral code will give you and new users only $10 in BTC (each) unless you sign up for the BlockFi Partner program or the BlockFi Rewards Credit Card.$15 BlockFi Partner Referral Bonus: BlockFi Partner referral codes are available to select users and reward new users between $15 and $250 depending on your initial deposit amount when you sign up. To become a BlockFi partner, you must own a blog or another platform with which you can promote BlockFi.$40 BlockFi Rewards Credit Card Referral Bonus: Unless you plan to fund your BlockFi crypto wallet with more than $40,000 in crypto assets, a BlockFi Credit Card linked referral code will give you the highest sign up bonus. This bonus is available only to users who are approved for a BlockFi credit card. As of June 2022, our referral code (1413a51f) is linked to a BlockFi credit account and gives new users $40 per referral.
How to Sign up with a BlockFi Referral Code? Follow the steps below to receive your $40 BlockFi referral bonus:
Step 1 : Use our BlockFi referral link to sign up. Alternatively, you may also enter our BlockFi referral code: 1413a51f
Step 2 : Deposit a minimum of $100 in any type of cryptocurrency or stable coin in your BlockFi Interest Account (BIA) within 30 days. It is important to maintain this balance for 30 days or your referral bonus will be voided.
The BlockFi referral code can be added during two key moments – either when creating an account or funding an account. So if you missed your chance to enter a referral code you can still do it when you fund your account.
How to Refer a Friend to BlockFi? Referring friends to BlockFi and earning additional BTC is very easy. Sign in to your BlockFi account from the app or a desktop computer.
In the app, scroll down in the dashboard tab and you will see your referral link towards the bottom of the tab. In a desktop browser, you can find your BlockFi Referral code next to your profile icon on the top right corner of the page.
Please note that your referral code is the last eight alphanumerical characters of the referral link. Remember that your referred friends must deposit a minimum of $100 so that both of you will receive the BlockFi referral bonus.
When Will You Get the BlockFi eferral Bonus? Referral payments are made on the second Friday of every month. Your $40 BlockFi referral bonus will arrive as two separate deposits of $10 and $30. The initial $10 deposit will be applied to your account on the second Friday of the month. The remaining $30 will arrive within a few days (typically 3-5 days) of the first deposit. You may check the status of your referrals in your dashboard by clicking “Profile Settings” then “Referrals”. From there you get a list of your current referrals and upcoming payouts.
How to Get a $50 BlockFi Referral Code? As noted above, BlockFi Rewards Credit Card referral codes give new and existing users $40 in BTC each for every successful referral. The referral bonus is delivered as two separate $10 and $30 (in BTC) deposits. So you plan to refer a lot of friends to BlockFi, it makes sense to open a BlockFi Credit Card.
What’s even better is that after the first 5 referrals, BlockFi Credit Card users will start receiving $50 in BTC per referral (instead of $40). Just remember that opening a BlockFi Credit Card may require good credit history and will put a hard credit inquiry on your credit report.
Do We Really Own a BlockFi Rewards Credit Card? Some users have asked us to show proof that we are a BlockFi Rewards Credit Card holder. After all, anyone can claim to own this credit card just to get new users to use their supposedly higher reward BlockFi referral code.
Below, you can find some screenshots of our BlockFi Credit Account. For privacy reasons, we have blurred sensitive account information. But you can see that our BlockFi referral code is linked to a BlockFi Rewards Credit Card.
Why Did You Not Receive Your Referral Bonus? The most common reason for not receiving the BlockFi referral bonus is not meeting the initial deposit requirements. If you’re referring someone, check with your referred friends and remind them to make the Initial deposit of at least $100. Another possible reason for not receiving the referral bonus is not signing up with the referral link or not entering the correct BlockFi referral code. The BlockFi referral code is the combination of the last 8 characters from your BlockFi referral link.
Can You Add a BlockFi Referral Code After Account Sign Up? Unfortunately, there is no way to add a BlockFi referral code to your account after you have signed up. You could try to contact the BlockFi Contact Support if you haven’t added the BlockFi referral code during the sign-up process. Although it’s not guaranteed, they may be able to add the code to your account.
Other BlockFi Bonuses for New Users BlockFi $250 Bitcoin Bonus BlockFi offers up to $250 Bitcoin Bonus to those who sign up with a BlockFi Partner’s referral code. This BlockFi referral bonus depends on your initial deposit amount. For example, to receive $250 in BTC, new users must deposit at least $100,000 in their BlockFi Interest Account at sign-up.
At the time of this writing, we are not a BlockFi referral partner. If you plan to deposit more than $40,000 in your BlockFi Interest Account, we suggest that you open an account with a BlockFi partner’s referral link. Otherwise, you will receive a higher referral bonus if you sign up with our BlockFi Referral Code: 1413a51f .
BlockFi Credit Card Program If you own a BlockFi Rewards Credit Card, you will receive an additional $30 bonus on top of the base Blockfi referral bonus of $10. That’s $40 per referral for the first 5 friends that you refer with your BlockFi referral code. After 5 referrals, the rate will increase to $50 per referral.
On top of the referral benefits, the BlockFi Bitcoin Rewards Credit Card provides 1.5% of each transaction back to the cardholder. Additionally, the card carries up to $250 as a sign-up bonus. However, to qualify for this bonus, you need to spend at least $3,000 in the first 90 days of receiving the card. After the three months, the incentive for making purchases using the card jumps from 1.5% to 3.5% for an additional three months. BlockFi calls this the Bitcoin Rewards Rate Bonus.
Is BlockFi Safe? BlockFi has strict security measures that protect the system and individual user accounts. For example, it stores a large chunk of users’ funds in a cold wallet to prevent huge losses in case of hacking. Additionally, it encourages account holders to activate two-factor authentication to increase the security of their accounts. BlockFi employs sophisticated analytics to assess risks associated with individual user accounts. Mostly, this happens during the withdrawal process. On withdrawals, the platform has what it calls PII verification.
The verification is required when conducting a withdrawal, and the system detects that something may be wrong, even if you’ve satisfied 2FA, KYC, and AML requirements. Some of the things that may trigger PII confirmation include geographic location, frequency of transactions, and the transaction amount. BlockFi further improves withdrawal security through “allowlisting .” The feature is similar to what other cryptocurrency platforms refer to as “address whitelisting.”
Where Does BlockFi Stand in the Competition BlockFi beats its competitors on several fronts . For example, it’s backed by leading investment firms such as Morgan Creek Digital and Winklevoss Capital. The platform works within the guardrails of United States rules and regulations.
Also, unlike competitors like Celsius who use a native token, BlockFi has no base asset, allowing account holders to interact with their preferred assets directly.
The platform has a professional and easy-to-use user interface. This makes it easy for users to join and find their way around the platform. Also, it has lowered the sign-up requirements for new users in certain ways, like scrapping minimum account balances.
We have also competitor comparisons ready for you. Read how BlockFi compares with Coinbase and how BlockFi compares with Celsius Network.
BlockFi Products, Services, and Features 1. Cryptocurrency-collateralized Loans – BlockFi allows its users to borrow funds against their cryptocurrency holding. The interest rate can reach lows of 4.5 percent per year when withdrawing to a USD-denominated account. However, how much you are allowed to borrow depends on how much, in crypto, you’re willing to provide as collateral. Some of the facilities have a loan-to-value ratio of up to 50 percent.
2. Interest account – The BlockFi Interest Account (BIA), enables account holders to earn incentives just by maintaining a deposit for 30 days. The annual percentage rate (APR) differs depending on the deposited virtual currency. In February 2021, the APY stood at up to 8.6% for stablecoin deposits and up to 6% for BTC deposits.
3. Trading – For those looking to get active, BlockFi provides trading features enabling buying and selling of virtual currencies. Once the traded cryptos enter a trader’s account, it starts earning interest. Unfortunately, traders have a small array of coins to choose from compared to notable exchanges such as Binance.
4. Institutional support – BlockFi is open to both retail and institutional customers. Corporate customers can trade, borrow, and earn rewards on deposits.
5. Visa-powered Crypto Card – The BlockFi Bitcoin Rewards Credit Card enables users to pay for goods and services in a way that’s synonymous with using a regular credit card. The BTC credit card carries many benefits, such as 1.5% back in Bitcoin on every purchase. Unfortunately, it has a holding fee of $200 paid annually.
Conclusion The BlockFi referral program is an easy way to earn free BTC when you open and fund a new BlockFi account. The current BlockFi referral bonus is $10 in BTC for the first 5 invitations and $20 in BTC per referral thereafter. If you use our BlockFi referral code: 1413a51f , you will receive $40 in BTC per referral instead of $10. If you like earning free BTC, check out other crypto referral programs like CoinMetro Referral and bitFlyer Referral .
The BlockFi platform backs the incentives with quality products like loans, interest-earning accounts, and cryptocurrency trading functionalities. To sum it up, Winklevoss Capital, Morgan Creek Digital, Coinbase Ventures, and Valar, among other respected firms, back BlockFi, cementing its products, services, and place in the cryptocurrency sector.
There are more things you need to know about BlockFi to help you understand the platform better, check out our BlockFi Review.
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I used the code to sign up and got $40 in BTC, but in 2 separate deposits. I thought this was a scam page at first, because I only got $10 Bitcoin initially. But then I got $30 in Bitcoin a few days later.
Thank you for using our code and happy to hear that you got your bonus.
is that any proof this ref link is linked with credit card account? i would like to signup for this offer. can you pls share screenshot of that account holding creditcard and also i am going to refer my friends with your link so they can also get $50. you can also share screenshot via my email. thank you
I understand your concern and have posted some screenshots of our BlockFi Rewards Credit Account above. Hope this helps.