Is DimeFi Legit? – Honest DimeFi Review

Are you a crypto enthusiast? And love to hold your cryptos for months? What if I tell you that you can earn huge Interest in the crypto you hold? Sounds good, right?

With DimeFi, you can easily buy and sell popular cryptocurrencies for free and can earn up to 12% APY interest rates. Plus, you can also get 0.2% cash back on every cryptocurrency trade you make. 

So In this DimeFi review, we will analyze DimeFi features and determine whether DimeFi is worth it.

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KEY TAKEAWAYS

What is DimeFi?

DimeFi is a Digitalised Crypto exchange platform that allows you to buy, sell and transfer your cryptos without any hassle. Also, Dime does not charge any trading fees that, which gives you a boost to buy and sell your crypto anytime!

The DimeFi service is currently available to residents of 43 states, EXCLUDING Connecticut, Florida, Illinois, Louisiana, New York, Texas, and Washington, which are excluded from its availability.

Is DimeFi Legit and Safe?

Yes! DimeFi is a completely legit and safe company, and DimeFi’s built-in, multi-layer security protects your Assets. 

DimeFi was created by a talented team that wanted to make Defi safer for the everyday consumer. 

If you’re looking for a legitimate lending platform, DimeFi is the way to go. DimeFi is a registered Money Services Business with the US Treasury Department’s Financial Crimes Enforcement Network.

Get Paid by Holding your cryptos with popular crypto trading apps Uphold and BlockFi.

DimeFi Promotions: Get a $20 Sign Up Bonus

Current DimeFi Promotions is offering a $20 DimeFi Sign up bonus when you join through a special DimeFi Referral code. Also, you can enjoy an additional $20 DimeFi Referral Bonus when you invite your friends!

Wanna Know More? Read our article on DimeFi Promotions.

DimeFi Reviews: Earn 6% APY

DimeFi has 4.6 Stars ratings on Apple Store, with over 200+ reviews which is quite good here are some reviews by users:

DimeFi Pros and Cons

Pros:

• No Trading Fees.
• Trading cashback of 0.2%.
• APY of up to 6% on digital assets.

Cons:

• Only Available on IOS.
• Still have a limited no of Stablecoins.

How to Deposit Money to Your DimeFi Account?

1. Open the app by tapping on it.
2. Click on the settings option.
3. Now you will see an option for “Deposit funds.” Click on it.
4. Now select the bank from which you will pull out the money.
5. Now enter the amount you wish to deposit.
6. Then click on “Preview” Lastly, review the deposit details if everything looks good, click on “Confirm.”
7. Done! Your DimeFi funds will be updated instantly.

How to Sell Bitcoin on DimeFi?

It’s so easy to buy and sell crypto on DimeFi. If you want to sell your Bitcoin on DimeFi, then here is the step-by-step process to sell your Bitcoin:

1. Just open the DimeFi App.
2. Once the app is open, you will see your “Assets” under the “Balance” section.
3. Click on “bitcoin.”
4. Now here you will see a “Sell” button. Click on it.
5. Next, enter the amount of Bitcoin you wish to sell.
6. Then click on preview order. Lastly, review the order summary. If everything looks good, click on “Sell.”
7. Done! Your bitcoin will instantly get sold, and you will get your funds to your linked Bank account.

How to Withdraw Your Money From DimeFi?

Withdrawing money from DimeFi is so easy and quick. Here is all step by step process to withdraw your funds from DimeFi:

1. Just open the DimeFi app by tapping on it.
2. Once the app is open, you will see an option that says “Withdraw” at the middle part of the screen.
3. Click on “Withdraw“
4. Now here, select the bank account where you wish to transfer your funds.
5. Next, enter the amount you wish to withdraw, then click on “Preview.”
6. Now review the summary. If everything looks good, click on “Confirm.”
7. [For security purposes, an SMS code will be sent to your number. Once received, enter it in the field provided, then click on “Continue” Now, you will see that your withdrawal is in progress]
8. Done! You will get your money in your bank account within 2 Business Days!

Conclusion

DimeFi provides a user-friendly and secure solution for earning high yield interest in the DeFi lending market. Plus the $20 Sign up bonus is just an extra bonus in it.

If you want to claim more welcome bonuses then check out our article on $25 new user bonuses and $50 Welcome bonus promotions.