All of you may have invested in crypto. Personally, I have approximately $870 worth of crypto. As you know, the crypto market is currently not profitable. That’s why you may have to hold your cryptos for the right time! But What if I tell you, you can earn interest on your cryptos? Sounds good, right?
BlockFi is the crypto trading platform that provides the easiest ways to buy, sell, and earn cryptos. Currently, BlockFi Promotion is offering a $250 Sign up bonus along with no minimum balance requirement to earn interest on cryptos.
In today’s article, we’ll talk about one of the best places around the world to put your cryptos that you already have and gain interest in it, so Let’s get started.
What is BlockFi?
BlockFi is an advanced crypto trading platform that allows you to trade your crypto without any trading fees and minimum balance requirements.
Founded in 2017, BlockFi is a company headquartered in Jersey City. Since its creation, BlockFi has grown into a global company with over 800 employees.
Its primary mission is to reimagine and expand access to banking resources in communities such as those that traditional banks hadn’t served.
BlockFi offers 13 unique digital assets available for purchase and several useful products. Overall, it could be a good option for advanced crypto traders.
BlockFi Promotion: $250 Sign up Bonus
BlockFi is offering a $20 Sign up bonus to new users who creates a verified through BlockiFi Referral code.” Helpingdesi,” and make an initial deposit of $100 to their account. The bonus will be deposited as the crypto to your account within 24 hours of qualifying your account.
How to Claim BlockFi Sign up bonus?
- Click on the above button to download the app.
- Sign up using email and create a password and use the BlockFi referral code.” Helping Desi”
- Once you verify your email, It will ask you for some personal pieces of information like your SSN and address.
- Bow verify your Identity.
- Make a deposit of at least $100 into your BlockFi Wallet.
- To qualify for the bonus, you must maintain your balance for at least two months.
- Done, your bonus will automatically send to your BlockFi account within 24 hours after qualifying.
BlockFi Referral Bonus: $10 Referral Bonus
If you have a Verified BlockFi Account, then you can claim up to $10 for each valid user you invite through your BlockFi referral Code.
For your first five referrals who sign up with your link and deposit $100 or more, you will receive $10 BTC. Then, you’ll start earning a $20 BTC bonus for every subsequent person you refer after that!
How to Claim BlockFi Referral Bonus?
- Login to your BlockFi account.
- Copy your Unique BlockFi Referral Code and Share it with your family and friends.
- Once someone Signs up using your unique Referral code and makes a deposit of $100, And Maintains the Balance for two Months, then you will get a $10 referral bonus.
BlockFi Unique Features:
BlockFi offers some unique features like:
BlockFi Interest account:
The BlockFi interest account allows you to deposit your cryptocurrency on BlockFi, and earn between 0.1% to 8% in interest per year, depending on what currency you’re holding and how much of it you’re holding.
This interest is then paid out at the beginning of every single month, which allows you to earn interest on each of your monthly payouts as well, which increases the annual yields due to the compound interest effect.
At the time of writing this article, you can earn interest from holding Bitcoin, Ethereum, Litecoin, Chainlink, Uniswap, Basic Attention Token, and also some stablecoins that follow the price of the U.S. dollar or gold.
BlockFi Crypto-Backed Loans:
As a BlockFi User, you’ll be able to borrow cash, so U.S. dollars at a specific interest rate. This is how the company BlockFi actually makes money.
They lend out money for interest, but they also wanna know that you’ll be able to repay that loan plus the interest payments.
That’s why they need some form of security to reduce their risk as a lender, This kind of security is called collateral.
BlockFi will accept your cryptocurrency as collateral so that in case you would default on your loan payments, they could seize your cryptos and sell them to make sure they get their money back.
BlockiFi Visa Debit Card:
It’s kind of like a regular cashback card, which allows you to get a certain percentage back of what you have spent using the card. With this card, however, you’ll be getting Bitcoin instead of cash.
Currently, you get 3.5% cash back in the first three months, up to $100, and thereafter, it will be 1.5% cashback.
if you want to get extra cash back, then we have made a detailed article for you, So Here are some of the best cash Back Apps that pay you!
How to Trade Cryptos On BlockFi?
Trading cryptocurrencies on BlockFi is made very simple. All you have to do is click trade, decide on what crypto you wanna buy and sell, and then type in the amount and then confirm.
It’s a very simple interface that is not really made for actively day trading cryptocurrencies but more for rebalancing your
crypto portfolio on BlockFi, or using the feared currency
like us dollars, and euros, to invest in Bitcoin or any other available coins.
And there are no trading fees, so you can trade your cryptos for free.
How does BlockFi promotion work?
You have to make Eligible trades to qualify for BlockFi Promotion to receive a bonus equivalent to 1% of the total amount traded during the Promotion Period.
Bonus will be, paid in stablecoin or such coin as BlockFi will select at its sole discretion. You should make multiple trades during the Promotion.
Are you interested in investing? but don’t know where to start then you must read our Stash app investing Guide and Tellus App Review.
If you are looking to earn interest on your cryptos and want to take crypto-backed loans, then BlockFi is worth checking out.
Also, you can take advantage of BlockFi Promotions and can claim a $250 Sign up bonus along with a $10 referral bonus.
How do you get 250 on BlockFi?
Simply Create BlockFi Verified account using BlockFi Referral code “Helpingdesi“, and just deposit your crypto holdings to BlockFi wallet.
Does BlockFi give you interest?
Yes, BlockFi offers you up to 8% APY interest on your crypto Holdings.
Does the Blockfi card give Bitcoin rewards on gasoline purchases?
Yes! Blockfi Card offers you bitcoin rewards on gasoline purchases. The BlockFi Rewards Visa® Signature Card is one of the first cryptocurrency rewards credit cards to hit the market.
It earns 1.5% back for every purchase made. Whether it is an online purchase or gas purchase, the rewards don’t immediately go into cryptocurrency.
How long does it take for a Blockfi card to come in the mail?
If you’re approved, it will only take 7 – 10 business days to receive your BlockFi Bitcoin Rewards Visa Signature card.
What’s the minimum amount of Bitcoin you need to transfer to blockfi?
There is no minimum amount of cryptocurrency required to use BlockFi. However, the exchange you are sending your crypto from may have a minimum amount required for a transfer to be completed. ACH transfers have a $20 minimum, while maximums are subject to your daily transfer limit.
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