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BlockFi

BlockFi Promotions

BlockFi is currently offering nine promotions. Read our in-depth review of BlockFi to see why BlockFi scored 3.8 stars out of 5. We like their earn crypto rewards, no commissions (only charges a spread), and excellent customer service.

$250

Get Up to $250 in Bonus BTC

DepositCrypto Bonus
$100 - $1,499$15
$1,500 - $19,999$20
$20,000 - $39,999$40
$40,000 - $74,999$75
$75,000 - $99,999$100
$100,000+$250

BlockFi Rewards Visa® Signature Credit Card

  • Earn 1.5% back in crypto on every single purchase.
  • No annual fee. No foreign transaction fees
  • Know if you're approved without affecting your credit score. A soft credit pull happens before you've accepted the credit card offer. A hard credit pull occurs when you've accepted your credit card offer, which can have an impact on your credit score.
  • Earn 2% back in crypto on every purchase over $30,000 of annual spend. Rewards rate increases from 1.5% to 2% after $30,000 of spend has been achieved and resets on the card anniversary date every year.
  • On top of the rewards you get from BlockFi, your BlockFi Rewards Visa Signature card gives you instant access to once-in-a-lifetime travel, fine wine and food, sporting events, shopping and more.
  • Your BlockFi Rewards Visa Signature card comes with 24/7 access to your Visa Signature® Concierge* for assistance booking travel, transportation, accommodations, event tickets—even restaurant reservations and golf tee times.
$250

$250 Bitcoin Bonus When You Fund Your New Account

New BlockFi clients who sign up with a specific partner referral code and fund their account during the promotion period (current calendar month ending at 23:59:59 UTC on the last day of the month) are eligible to receive a tiered bonus paid in BTC.

To be eligible for the promotion, this must be your first ever transfer to the BlockFi Wallet and you must maintain a $100,000+ account balance through the 14th of the month at 23:59:59 UTC two and a half months from the month of eligibility in order to remain eligible.

Eligible payouts occur on or before the second Friday of every month on a rolling basis. The bonus will be paid in BTC based on the prevailing market price at the time of payment. Payout will be based on your average daily balance (USD equivalent) maintained through 23:59:59 UTC on the 14th of the month you are eligible to be paid on. Any withdrawals made before 23:59:59 UTC on the 14th of the month you are eligible to be paid out on may affect your tier.

There is a maximum of one bonus per client. This offer is not valid in conjunction with any other current or past promotions and the promo code on the account will be used to determine promo eligibility for new accounts.

$100

$100 Bitcoin Bonus When You Fund Your New Account

New BlockFi clients who sign up with a specific partner referral code and fund their account during the promotion period (current calendar month ending at 23:59:59 UTC on the last day of the month) are eligible to receive a tiered bonus paid in BTC.

To be eligible for the promotion, this must be your first ever transfer to the BlockFi Wallet and you must maintain a $75,000 - $99,999 account balance through the 14th of the month at 23:59:59 UTC two and a half months from the month of eligibility in order to remain eligible.

Eligible payouts occur on or before the second Friday of every month on a rolling basis. The bonus will be paid in BTC based on the prevailing market price at the time of payment. Payout will be based on your average daily balance (USD equivalent) maintained through 23:59:59 UTC on the 14th of the month you are eligible to be paid on. Any withdrawals made before 23:59:59 UTC on the 14th of the month you are eligible to be paid out on may affect your tier.

There is a maximum of one bonus per client. This offer is not valid in conjunction with any other current or past promotions and the promo code on the account will be used to determine promo eligibility for new accounts.

$75

$75 Bitcoin Bonus When You Fund Your New Account

New BlockFi clients who sign up with a specific partner referral code and fund their account during the promotion period (current calendar month ending at 23:59:59 UTC on the last day of the month) are eligible to receive a tiered bonus paid in BTC.

To be eligible for the promotion, this must be your first ever transfer to the BlockFi Wallet and you must maintain a $40,000 - $74,999 account balance through the 14th of the month at 23:59:59 UTC two and a half months from the month of eligibility in order to remain eligible.

Eligible payouts occur on or before the second Friday of every month on a rolling basis. The bonus will be paid in BTC based on the prevailing market price at the time of payment. Payout will be based on your average daily balance (USD equivalent) maintained through 23:59:59 UTC on the 14th of the month you are eligible to be paid on. Any withdrawals made before 23:59:59 UTC on the 14th of the month you are eligible to be paid out on may affect your tier.

There is a maximum of one bonus per client. This offer is not valid in conjunction with any other current or past promotions and the promo code on the account will be used to determine promo eligibility for new accounts.

$40

$40 Bitcoin Bonus When You Fund Your New Account

New BlockFi clients who sign up with a specific partner referral code and fund their account during the promotion period (current calendar month ending at 23:59:59 UTC on the last day of the month) are eligible to receive a tiered bonus paid in BTC.

To be eligible for the promotion, this must be your first ever transfer to the BlockFi Wallet and you must maintain a $20,000 - $39,999 account balance through the 14th of the month at 23:59:59 UTC two and a half months from the month of eligibility in order to remain eligible.

Eligible payouts occur on or before the second Friday of every month on a rolling basis. The bonus will be paid in BTC based on the prevailing market price at the time of payment. Payout will be based on your average daily balance (USD equivalent) maintained through 23:59:59 UTC on the 14th of the month you are eligible to be paid on. Any withdrawals made before 23:59:59 UTC on the 14th of the month you are eligible to be paid out on may affect your tier.

There is a maximum of one bonus per client. This offer is not valid in conjunction with any other current or past promotions and the promo code on the account will be used to determine promo eligibility for new accounts.

$20

$20 Bitcoin Bonus When You Fund Your New Account

New BlockFi clients who sign up with a specific partner referral code and fund their account during the promotion period (current calendar month ending at 23:59:59 UTC on the last day of the month) are eligible to receive a tiered bonus paid in BTC.

To be eligible for the promotion, this must be your first ever transfer to the BlockFi Wallet and you must maintain a $1,500 - $19,999 account balance through the 14th of the month at 23:59:59 UTC two and a half months from the month of eligibility in order to remain eligible.

Eligible payouts occur on or before the second Friday of every month on a rolling basis. The bonus will be paid in BTC based on the prevailing market price at the time of payment. Payout will be based on your average daily balance (USD equivalent) maintained through 23:59:59 UTC on the 14th of the month you are eligible to be paid on. Any withdrawals made before 23:59:59 UTC on the 14th of the month you are eligible to be paid out on may affect your tier.

There is a maximum of one bonus per client. This offer is not valid in conjunction with any other current or past promotions and the promo code on the account will be used to determine promo eligibility for new accounts.

$15

$15 Bitcoin Bonus When You Fund Your New Account

New BlockFi clients who sign up with a specific partner referral code and fund their account during the promotion period (current calendar month ending at 23:59:59 UTC on the last day of the month) are eligible to receive a tiered bonus paid in BTC.

To be eligible for the promotion, this must be your first ever transfer to the BlockFi Wallet and you must maintain a $100 - $1,499 account balance through the 14th of the month at 23:59:59 UTC two and a half months from the month of eligibility in order to remain eligible.

Eligible payouts occur on or before the second Friday of every month on a rolling basis. The bonus will be paid in BTC based on the prevailing market price at the time of payment. Payout will be based on your average daily balance (USD equivalent) maintained through 23:59:59 UTC on the 14th of the month you are eligible to be paid on. Any withdrawals made before 23:59:59 UTC on the 14th of the month you are eligible to be paid out on may affect your tier.

There is a maximum of one bonus per client. This offer is not valid in conjunction with any other current or past promotions and the promo code on the account will be used to determine promo eligibility for new accounts.

CurrencyWithdrawal LimitFees
BTC100 BTC per 7-day period0.00075 BTC
ETH5,000 ETH per 7-day period0.015 ETH
LTC10,000 LTC per 7-day period0.001 LTC
LINK65,000 LINK per 7-day period0.95 LINK
UNI5,500 UNI per 7-day period1 UNI
BAT2,000,000 BAT per 7-day period35 BAT
PAXG500 PAXG per 7-day period0.015 PAXG
Stablecoins1,000,000 per 7-day period$10.00 USD

Nexo

Welcome Bonus: Deposit $1000 and Get $100 in BTC

Expires 11/1/2022

Sign up for a new Nexo account, and make a top-up of at least $1,000.

Crypto.com

USD $10 Sign Up Bonus

You will need to stake in $1000 CRO to earn USD $10 worth of CRO. Only the first amount of CRO you stake is used to calculate the sign-up bonus.

eToro

Deposit $100 and Get $10

For a limited time, you can get $10 when you deposit $100 in your eToro account. Here's how:
  1. Sign up for an eToro account
  2. Deposit $100
  3. Explore stocks, ETFs, and crypto
You'll automatically receive $10 directly to your account balance. eToro USA LLC; Virtual currencies are highly volatile. Your capital is at risk.
Expires 12/31/2022

How do you get $250 on BlockFi?

New users who transfer their crypto to BlockFi are eligible to receive up to $250 in bonus BTC.

The more your transfer, the more bonus you can earn. Here's how it works:

Get Up to $250 in Bonus BTC

DepositCrypto Bonus
$100 - $1,499$15
$1,500 - $19,999$20
$20,000 - $39,999$40
$40,000 - $74,999$75
$75,000 - $99,999$100
$100,000+$250

To be eligible for this bonus, you must:

  1. Open a BlockFi Wallet and fund it during the promotional month. This is defined as the current calendar month ending at 23:59:59 UTC on the last day of the month.

  2. Maintain at least a $100+ crypto balance through the 14th of the month two and a half months (2.5 months) from the month of eligibility.

  3. Your bonus tier level will depend on your average daily balance maintained throughout the entire period (from month of eligibility to the 14th of the month of payout).

  4. Your payout will occur by the end of the next business day.

For example, if you open an account and make a deposit during the October promotional period, you must maintain at least $100 crypto balance until end of January 14th. You'll get your bonus on January 15th.

Other BlockFi $250 Fine Print

  • This offer is only available to new BlockFi clients who sign up with a specific partner referral code (like through CreditDonkey).

  • There is only one bonus per client, for a maximum amount of $250.

  • This must be your first ever deposit into the BlockFi Wallet.

  • Your bonus will be paid in BTC based on the prevailing market price at the time. Payout will occur on or before the second Friday of every month on a rolling basis.

  • This offer cannot be combined with other BlockFi's promos, such as Refer a Friend or other Partnership promotions.

BlockFi Products & Services

BlockFi offers these products:

  • Crypto Trading
    You can buy and sell several different currencies. BlockFi supports: BTC, ETH, LINK, LTC, PAXG, UNI, BAT, and several stablecoins (USDC, USDT, GUSD, BUSD, PAX, and DAI).

    The platform also supports exchanging cryptocurrency pairs between BTC, ETH, LTC, PAXG, USDC, GUSD, PAX, and USDT.

    BlockFi has no trading fees (only a spread when you buy and sell).

  • Crypto Backed Loans
    You can take out a loan for up to 50% of the value of your cryptos. This way, if you need cash fast, you don't need to sell off your cryptos (which can possibly make you miss out on growth and trigger a taxable event). You'll receive funds the same business day. But the minimum loan amount is $10,000 USD.

  • BlockFi Credit Card
    The BlockFi credit card earns an unlimited 1.5% back in Bitcoin on every purchase. There is no annual fee or foreign transaction fees.

How Long Do BlockFi Withdrawals Take?

BlockFi withdrawals take 1-2 business days. If you place a withdrawal request before 5pm EST, it will be processed the next business day. Requests placed after 5pm EST will be processed in two business days.

All withdrawals have a security hold in order to protect you against fraud. This also gives you some time to cancel your request if you entered the wrong withdrawal wallet.

You get one free crypto withdrawal every calendar month and one free stablecoin withdrawal every month. Past that, there will be a withdrawal fee.

Here are the withdrawal limits and fees:

CurrencyWithdrawal LimitFees
BTC100 BTC per 7-day period0.00075 BTC
ETH5,000 ETH per 7-day period0.015 ETH
LTC10,000 LTC per 7-day period0.001 LTC
LINK65,000 LINK per 7-day period0.95 LINK
UNI5,500 UNI per 7-day period1 UNI
BAT2,000,000 BAT per 7-day period35 BAT
PAXG500 PAXG per 7-day period0.015 PAXG
Stablecoins1,000,000 per 7-day period$10.00 USD

There is a minimum withdrawal of 0.003 BTC and 0.056 ETH. If you are withdrawing less than that, it may take up to 30 days to process.

Can You Lose Money on BlockFi?

Cryptocurrency is an extremely volatile type of investment. There is always risk that you could lose money if the value of your crypto goes down.

Plus, BlockFi is not a bank or brokerage. So it's not covered by FDIC or SIPC insurance. Digital currency is not backed by the government. Your crypto assets are not protected if BlockFi goes out of business.

Stablecoins are a much safer type of crypto investment. These are pegged to the US dollar, so the value won't go down. But they also don't increase in value. However, BlockFi does allow you to earn interest on your stablecoins.

Can You Buy Bitcoin on BlockFi?

Yes, BlockFi supports buying and selling Bitcoin, along with Ethereum, Litecoin, Chainlink, Uniswap, BAT, and several stablecoins.

    Highlights

    Minimum Deposit
    $0
    Cryptocurrencies Supported
    Bitcoin, Ethereum, Litecoin, Chainlink, PAX Gold, USDC, Binance USD, PAX, GUSD, BAT, DAI, UNI
    Countries Supported
    Worldwide, except for countries that are sanctioned or watch-listed
    Fiat Currencies Supported
    USD
    Digital Wallet
    Yes
    Transaction Fee
    No
    Copy Trading
    No
    Limit Orders
    No
    Margin Trading
    No
    Spread
    0.7% - 1.5%
    Interest Accounts
    Up to 7.5% (Not Available in US)
    Crypto Loans
    Yes
    Bitcoin (BTC) Interest Rates
    2% - 3.5%
    Ethereum (ETH) Interest Rates
    2% - 3.5%
    Bank Account Purchase Fee
    No
    Litecoin (LTC) Interest Rates
    0% - 2%
    Debit Card Purchase Fee
    No
    USD Coin (USDC) Interest Rates
    6% - 7.5%
    ACH Transfer Fee
    No
    Mobile App
    Yes
    Wire Transfer Fee
    No
    Crypto Conversion Fee
    No
    Withdrawal Fee
    Varies based on cryptocurrency: 0.00075 BTC, 0.015 ETH, 0.001 LTC
    Other Fees
    2% Origination Fee on crypto-backed loans
    Address Allowlisting
    Yes
    Anonymity
    No
    Biometric Login
    Yes
    Cold Storage
    Yes
    Maximum Trading Amount
    Single-trade limit of $1.2m USD or equivalent
    Two-Factor Authentication
    Yes
    Withdrawal Limit
    7-day Withdrawal Limit varies by cryptocurrency: 100 BTC, 5,000 ETH, 10,000 LTC.
    Up to $5,000 USD via direct bank withdrawal
    Binance USD (BUSD) Interest Rates
    6% - 7.5%
    Dai (DAI) Interest Rates
    3.5% - 6%
    Gemini Dollar (GUSD) Interest Rates
    6% - 7.5%
    Paxos Standard (PAX) Interest Rates
    6% - 7.5%

    More Information

  • Pricing information from published website as of 07/01/2022. BlockFi Interest Accounts are not available in the United States.
  • For the complete terms and conditions, view the merchant's website. While reasonable effort has been made to maintain accurate and updated information, the information shown on this site may vary, be out of date, or not applicable to you. All information is provided without warranty. Please review the terms and conditions on the merchant's website.
 BlockFi
 Visit SiteLearn More
 

BlockFi

Coinbase

 

Benefits and Features

Stock Trading 
No
Options Trading 
No
Annual Fee 
None
Cryptocurrency Trading 
Check
Minimum Deposit
$0
$2
Cryptocurrencies SupportedBitcoin, Ethereum, Litecoin, Chainlink, PAX Gold, USDC, Binance USD, PAX, GUSD, BAT, DAI, UNI
170
Countries SupportedWorldwide, except for countries that are sanctioned or watch-listed
Over 100
Fiat Currencies Supported
USD
USD, GBP, EUR
Digital Wallet
Yes
Yes
Transaction Fee
No
Greater of Minimum Flat Fees or Variable Fees (1.49%+) by Location and Payment Method.
Minimum Flat Fees:
  • < $10: $0.99
  • $10.01 - $25: $1.49
  • $25.01 - $50: $1.99
  • $50.01 - $200: $2.99
Copy Trading
No
No
Limit Orders
No
No
Margin Trading
No
No
Spread
0.7% - 1.5%
0.50%
Interest AccountsUp to 7.5% (Not Available in US) 
Crypto Loans
Yes
Invitation only
Bitcoin (BTC) Interest Rates
2% - 3.5%
 
Ethereum (ETH) Interest Rates
2% - 3.5%
6.0%
Bank Account Purchase Fee
No
1.49%
Litecoin (LTC) Interest Rates
0% - 2%
 
Debit Card Purchase Fee
No
3.99%
Wallet Purchase Fee 
1.49%
Credit Transaction Fee 
2%
USD Coin (USDC) Interest Rates
6% - 7.5%
0.15%
Mobile App
Yes
Yes
ACH Transfer Fee
No
No
Wire Transfer Fee
No
$10 ($25 outgoing)
Crypto Conversion Fee
No
up to 2%
SEPA Bank Transfer Fee 
Free (€0.15 out)
Withdrawal FeeVaries based on cryptocurrency: 0.00075 BTC, 0.015 ETH, 0.001 LTC 
Other Fees2% Origination Fee on crypto-backed loansInstant Card Withdrawal: up to 1.5% + minimum fee of $0.55
Address Allowlisting
Yes
Yes
Anonymity
No
No
Biometric Login
Yes
Yes
Cold Storage
Yes
Yes
Maximum Trading AmountSingle-trade limit of $1.2m USD or equivalent
Unlimited
Two-Factor Authentication
Yes
SMS or Google Authenticator
Withdrawal Limit7-day Withdrawal Limit varies by cryptocurrency: 100 BTC, 5,000 ETH, 10,000 LTC.
Up to $5,000 USD via direct bank withdrawal
$50,000 / day
Binance USD (BUSD) Interest Rates
6% - 7.5%
 
Dai (DAI) Interest Rates
3.5% - 6%
 
Gemini Dollar (GUSD) Interest Rates
6% - 7.5%
 
Paxos Standard (PAX) Interest Rates
6% - 7.5%
 
Stake Crypto 
ALGO, ATOM, ETH, XTZ, ADA
 Visit SiteLearn More

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

BlockFi: Pricing information from published website as of 07/01/2022. BlockFi Interest Accounts are not available in the United States.

Coinbase: Pricing information from published website as of 04/13/2021.

BlockFi


BlockFi Alternatives

Nexo

Welcome Bonus: Deposit $100 and Get $10 in BTC

Expires 11/1/2022

Sign up for a new Nexo account, and make a top-up of at least $100.

eToro

Buy $100 in Crypto and Get $10 Bonus

For a limited time, you can get $10 when you invest in $100 worth of crypto on eToro. Here's how:
  1. Sign up for an eToro account
  2. Deposit funds
  3. Invest in $100 worth of crypto
You'll automatically receive $10 directly to your account balance. eToro USA LLC; Virtual currencies are highly volatile. Your capital is at risk.
Alto

Alto CryptoIRA®

  • Easy access to more than 175 cryptocurrencies, like Bitcoin, Ethereum, and Solana
  • Tax advantages of an IRA
  • No setup or monthly account fees
  • No account minimums
  • $10 minimum investment

Articles on BlockFi

BlockFi Review

BlockFi lets you buy, sell, earn and borrow cryptocurrency. But is it safe? Read on to find out.

How Does BlockFi Work

BlockFi is a popular crypto platform offering high interest accounts and the ability to take loans against the value of your coins. Find out how it works.

How Does BlockFi Make Money

BlockFi lets you earn interest on your crypto and take loans against the value of your coins. But how does BlockFi make money? Keep reading to find out.

BlockFi Fees

Interested in taking advantage of BlockFi's interest accounts or crypto-backed loans? Before you take the leap, understand the fees they charge.

BlockFi vs Crypto.com

Looking to earn interest on your crypto or get a crypto-backed loan? Find out whether Crypto.com or BlockFi is right for you, plus the pros/cons of each.

BlockFi vs Nexo

Nexo and BlockFi both let you earn interest and take loans against your cryptocurrency. But which one is right for you? Read on to find out.

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Coinbase Alternatives

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Add Your Comment



More Investing Promotions

Coinbase Promotions

Earn $5 in bitcoin on your first trade on Coinbase
Nexo

Nexo Promotions

Welcome Bonus: Deposit $1000 and Get $100 in BTC
Crypto.com

Crypto.com Promotions

USD $10 Sign Up Bonus
Gemini

Gemini Promotions

Buy and Sell Cryptocurrency

Next Page:

About CreditDonkey
CreditDonkey is a crypto comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

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