If you’re looking for a BlockFi Referral Code for August 2022, you’ve come to the right place! In this guide, we’ll share our exclusive BlockFi referral code. When you sign up through our link, you’ll receive up to a $250 Bitcoin bonus.
Plus, you’ll be able to take advantage of all the great features BlockFi offers. So what are you waiting for? Read on to learn more about the BlockFi Bitcoin bonus and how to earn up to 8.5% interest on your cryptocurrency and stablecoins.
The bonus you receive will depend on the amount you deposit into your BlockFi Interest Account (BIA). To earn a BlockFi BTC bonus, you can deposit as little as $100. To get up to a $250 Bitcoin bonus, sign-up using our exclusive link and BlockFi Referral Code: PARTNER250 (the referral code should pre-populate).
BlockFi Referral Code August 2022
| BlockFi Referral Code | Use our exclusive Every Bit Helps link & code: PARTNER250 |
| BlockFi Sign-up Bonus | Receive up to a $250 BTC Bonus (Depending on the Amount Deposited) |
| Referral Terms | BlockFi Referral Terms |
| Bonus Last Validated | August 2022 |
What is BlockFi?
BlockFi is a centralized lending platform that provides loans secured with cryptocurrency collateral. They also provide interest accounts that generate up to 8.5% APY for users who store their crypto. BIA accept BTC, ETH, LTC, LINK deposits and a number of Stablecoins. There is no minimum amount required to begin earning interest, and they offer one crypto and one stablecoin withdrawal per month. For more information, check out our BlockFi review and tutorial.
BlockFi Referral Bonus Rates 2022
The BlockFi referral bonus you receive will depend on the amount deposited into your BIA. For example, to earn the maximum $250 BTC bonus, you will need to deposit over $100,000 and use our BlockFi referral code. However, you can deposit as little as $100 and still receive a Bitcoin bonus.
| Tier | Deposit Amount | BTC Bonus |
|---|---|---|
| 1 | $100 – $1,499 | $15 BTC |
| 2 | $1,499 – $19,999 | $20 BTC |
| 3 | $20,000 – $39,999 | $40 BTC |
| 4 | $40,000 – $74,999 | $75 BTC |
| 5 | $75,000 – $99,999 | $100 BTC |
| 6 | $100,000+ | $250 BTC |
BlockFi Supported Crypto
The number of cryptocurrencies BlockFi supports continues to increase. BlockFi interest accounts currently accept deposits of the following cryptocurrencies and stablecoins with no minimum amount required to begin earning interest:
- 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)
BlockFi Interest Rates
The annual percentage yield (APY) you receive from BlockFi, will depend on the crypto and the amount deposited. Interest on deposits are paid out at the beginning of every month, and the interest earned will compound.
| Crypto | Amount | Annual Percentage Yield (APY) |
|---|---|---|
| BTC (Tier 1) | 0 – 0.10 BTC | 3.5% |
| ETH (Tier 1) | 0 – 1.5 ETH | 3.5% |
| LTC (Tier 1) | 0 – 20 LTC | 2% |
| LINK (Tier 1) | 0 – 100 LINK | 1% |
| USDC (Tier 1) | 0 – 40,000 USDC | 8.5% |
| GUSD (Tier 1) | 0 – 40,000 GUSD | 8.5% |
| PAX (Tier 1) | 0 – 40,000 PAX | 8.5% |
| PAXG (Tier 1) | 0 – 1.5 PAXG | 1% |
| USDT (Tier 1) | 0 – 40,000 USDT | 8.75% |
| BUSD (Tier 1) | 0 – 40,000 BUSD | 8.5% |
| DAI (Tier 1) | 0 – 40,000 DAI | 6% |
| UNI (Tier 1) | 0 – 100 | 3% |
| BAT (Tier 1) | 0 – 4,000 BAT | 1% |
If you would like a breakdown of all the tiers BlockFi offers, you can check out their list here.
BlockFi Fees
BlockFi allows users to withdraw their funds at any time. However, they only offer one free crypto withdrawal and one free stablecoin withdrawal per calendar month. Depending on how much you deposit into your account, these additional withdrawal fees can be very expensive. Additional withdrawals will incur the below charges;
| Crypto | Withdrawal Limit | Fees |
|---|---|---|
| BTC | 100 BTC per 7-day period | 0.00075 BTC |
| ETH | 5,000 ETH per 7-day period | 0.02 ETH |
| LINK | 65,000 LINK per 7-day period | 0.95 LINK |
| LTC | 10,000 LTC per 7-day period | 0.0025 LTC |
| Stablecoins | 1,000,000 per 7-day period | $10.00 USD |
| PAXG | 500 PAXG per 7-day period | 0.015 PAXG |
| UNI | 5,500 UNI per 7-day period | 1 UNI |
| BAT | 2,000,000 BAT per 7-day period | 35 BAT |
BlockFi Alternatives
We personally invest in BlockFi (and a lot of their competitors) to be able to bring you these reviews and tutorials. Plus, we also like to diversify our investments and not put all our eggs in one basket. Although they offer some fantastic rates compared to traditional financial markets, there are some similar platforms that offer higher rates.
Some of the platforms we have covered and are worth checking out are Nexo, Binance and Huobi Earn. Each has its pros and cons, but I recommend looking at our tutorials and deciding for yourself. They all offer some attractive referral bonuses that you may also be interested in.
FAQs
Yes, UK Crypto investors can open a BlockFi account in the UK.
As of 2022, BlockFi is available worldwide, including the U.S., UK and Canada. BlockFi currently has international restrictions for those sanctioned by the U.S; these include Cuba, Iran, North Korea, Sudan and Syria. In the U.S., BlockFi is available in all 50 states. However, trading of cryptocurrencies is only available in 45.
BlockFi Interest Account, also known as (BIA), is a crypto interest account which provides investors with a yield for storing their crypto with BlockFi.
2 Responses
Hey Louise,
Just signed up using your link. 🙌🏼
Thank you for your support Aman