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BlockFi

BlockFi Promotions

BlockFi is currently offering twenty promotions. Read our in-depth review of BlockFi to see why BlockFi scored 3.8 stars out of 5. We like their earn up to 8.25% apy on cryptos, no commissions (only charges a spread), and crypto-backed loans.

$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

8.25%

Crypto Interest Account - Earn up to 8.25% APY

  • No hidden fees
  • No minimum balances
  • Buy, sell or exchange cryptocurrencies
$25

BlockFi Rewards Credit Card - $25 Bonus in Crypto After Your First Purchase

Expires 11/30/2021
  • Earn 3.5% back in Bitcoin during your first 3 months
  • Earn an unlimited 1.5% back in Bitcoin on every purchase
  • No annual fee
  • No foreign transaction fees

CryptocurrencyAmountInterest (Paid Monthly)
Bitcoin (Tier 1)0 - 0.10 BTC4.5% APY
Bitcoin (Tier 2)> 0.10 - 0.35 BTC1.0% APY
Bitcoin (Tier 3)> 0.35 BTC0.1% APY
Ethereum (Tier 1)0 - 1.5 ETH5% APY
Ethereum (Tier 2)> 1.5 - 50 ETH1.5% APY
Ethereum (Tier 3)> 50 ETH0.25% APY
Litecoin (Tier 1)0 - 20 LTC4.75% APY
Litecoin (Tier 2)> 20 - 1001% APY
Litecoin (Tier 3)> 100 LTC0.1% APY
USD Coin (Tier 1)0 - 40,000 USDC8.25% APY
USD Coin (Tier 2)> 40,000 USDC7% APY
Gemini Dollar (Tier 1)0 - 40,000 GUSD8.25% APY
Gemini Dollar (Tier 2)> 40,000 GUSD7% APY
Tether (Tier 1)0 - 40,000 USDT8.25% APY
Tether (Tier 2)> 40,000 USDT7% APY

4.5%

Earn Interest on BTC - Up to 4.5% APY

AmountAPY
0 - 0.10 BTC4.5%
> 0.1 - 0.35 BTC1.0%
> 0.35 BTC0.1%

5%

Earn Interest on ETH - Up to 5% APY

AmountAPY
0 - 1.5 ETH5%
> 1.5 - 50 ETH1.5%
> 50 ETH0.25%

4.75%

Earn Interest on LTC - Up to 4.75% APY

AmountAPY
0 - 20 LTC4.75%
> 20 to 100 LTC1%
> 100 LTC0.1%

3.5%

Bitcoin Credit Card - Visa Crypto Rewards

  • Earn 3.5% back in Bitcoin during your first 3 months
  • Earn 2% back in Bitcoin on every purchase over $50,000 of annual spend
  • Earn an unlimited 1.5% back in Bitcoin on every purchase
  • No annual fee
  • No foreign transaction fees
8.25%

Earn Interest on GUSD - Up to 8.25% APY

AmountAPY
0 - 40,000 GUSD8.25%
> 40,000 GUSD7%

3.5%

Earn Interest on LINK - Up to 3.5% APY

AmountAPY
0 - 100 LINK3.5%
> 100 - 500 LINK0.5%
> 500 LINK0.1%

8.25%

Earn Interest on USDC - Up to 8.25% APY

AmountAPY
0 - 40,000 USDC8.25%
> 40,000 USDC7%

CurrencyWithdrawal LimitFees
BTC100 BTC per 7-day period0.00075 BTC
ETH5,000 ETH per 7-day period0.02 ETH
LTC10,000 LTC per 7-day period0.0025 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

$25

Crypto Interest Account - $25 Crypto Bonus

Get a $25 crypto bonus with a deposit of $500 or more in crypto

3.25%

Earn Interest on BAT - Up to 3.25% APY

AmountAPY
0 - 4,0003.25%
> 4,000 - 20,0000.2%
> 20,0000.1%

8.25%

Earn Interest on BUSD - Up to 8.25% APY

AmountAPY
0 - 40,000 BUSD8.25%
> 40,000 BUSD7%

Earn Interest on Crypto

Earn up to 8.25% APY with BlockFi, a CreditDonkey recommended partner. No minimum required to earn interest.

8.25%

Earn Interest on DAI - Up to 8.25% APY

AmountAPY
0 - 40,000 DAI8.25%
> 40,000 DAI7%

8.25%

Earn Interest on PAX - Up to 8.25% APY

AmountAPY
0 - 40,000 PAX8.25%
> 40,000 PAX7%

3.25%

Earn Interest on UNI - Up to 3.25% APY

AmountAPY
0 - 1003.25%
> 100 - 5000.2%
> 5000.1%

8.25%

Earn Interest on USDT - Up to 8.25% APY

AmountAPY
0 - 40,000 USDT8.25%
> 40,000 USDT7%

Compare Promotions

Coinbase

Earn $5 in bitcoin for getting started on Coinbase

Personalized $5 reward offer is displayed after account creation. Limited time offer and while supplies last. Offer available to new users who have not previously verified their identification. Offer not available to new users who were referred to Coinbase through the Referral Program or who have previously opened an account using different contact information. Coinbase may update the conditions for eligibility at any time, in its sole discretion. See Terms and Conditions.

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

Trade Popular Cryptocurrencies

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.

BlockFi Offers You May Have Missed

Don't miss another hot deal. Check back often at CreditDonkey.

Trade Crypto, Earn BTC

This promotion is valid only to clients who received an email on this offer. Earn a bonus in BTC equal to the percentage of total qualifying traded crypto volume you trade during the promotion period (March 18-31, 2021). The percentage is determined by the client's volume tier. Bonus will be credited on May 31, 2021.

Expired 3/31/2021

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 Interest Account 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 Interest Account.

  • 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.

Is BlockFi Worth Using?

BlockFi is a platform that lets you trade crypto and earn interest on your coins. The BlockFi Interest Account offers a much higher APY than bank savings rates. Plus, with no trading fees and an easy-to-use interface, BlockFi is an attractive option for new investors.

However, BlockFi has limited selection of coins compared to other platforms. It supports the most popular coins like Bitcoin, Ethereum, and Litecoin, plus several stablecoins. If you're looking in invest in altcoins, BlockFi is not the best platform.

Another advantage to using BlockFi is their crypto-backed loans. If you need funds, you can borrow up to 50% of the value of your cryptos.

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).

BlockFi Interest Account
Earn up to 8.25% APY on your cryptocurrency holdings. There are no minimum balance requirements to earn interest. You start earning interest as soon as your trade is placed.

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. As an introductory offer, you earn 3.5% back in Bitcoin during your first 3 months (up to $100 in Bitcoin). There is no annual fee or foreign transaction fees.

How Much Interest Does BlockFi Pay?

The BlockFi Interest Account (BIA) pays up to 8.25% interest on your cryptos. You'll earn different interest rates based on the currency and amount. Stablecoins like USDC, USDT, GUSD, BUSD, and PAX pay higher interest rates.

The current APYs are:

CryptocurrencyAmountInterest (Paid Monthly)
Bitcoin (Tier 1)0 - 0.10 BTC4.5% APY
Bitcoin (Tier 2)> 0.10 - 0.35 BTC1.0% APY
Bitcoin (Tier 3)> 0.35 BTC0.1% APY
Ethereum (Tier 1)0 - 1.5 ETH5% APY
Ethereum (Tier 2)> 1.5 - 50 ETH1.5% APY
Ethereum (Tier 3)> 50 ETH0.25% APY
Litecoin (Tier 1)0 - 20 LTC4.75% APY
Litecoin (Tier 2)> 20 - 1001% APY
Litecoin (Tier 3)> 100 LTC0.1% APY
USD Coin (Tier 1)0 - 40,000 USDC8.25% APY
USD Coin (Tier 2)> 40,000 USDC7% APY
Gemini Dollar (Tier 1)0 - 40,000 GUSD8.25% APY
Gemini Dollar (Tier 2)> 40,000 GUSD7% APY
Tether (Tier 1)0 - 40,000 USDT8.25% APY
Tether (Tier 2)> 40,000 USDT7% APY

Interest is compounded daily and paid at the beginning of every month.

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 period0.02 ETH
LTC10,000 LTC per 7-day period0.0025 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

    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 8.25%
    Crypto Loans
    Yes
    Bitcoin (BTC) Interest Rates
    0.1% - 4.5%
    Ethereum (ETH) Interest Rates
    0.25% - 5%
    Bank Account Purchase Fee
    No
    Litecoin (LTC) Interest Rates
    0.1% - 4.75%
    Debit Card Purchase Fee
    No
    Tether (USDT) Interest Rates
    7% - 8.25%
    USD Coin (USDC) Interest Rates
    7% - 8.25%
    ACH Transfer Fee
    No
    Mobile App
    Yes
    Wire Transfer Fee
    No
    Crypto Conversion Fee
    No
    Withdrawal Fee
    Varies based on cryptocurrency: 0.00075 BTC, 0.02 ETH, 0.0025 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

    More Information

  • Pricing information from published website as of 06/30/2021.
  • 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.
 BlockFiCoinbase
 Visit SiteVisit Site
 

BlockFi

Coinbase

 

Benefits and Features

Stock Trading 
No
Options Trading 
No
Cryptocurrency Trading 
Check
Cryptocurrencies SupportedBitcoin, Ethereum, Litecoin, Chainlink, PAX Gold, USDC, Binance USD, PAX, GUSD, BAT, DAI, UNI
50
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 Accounts
Up to 8.25%
USDC only, 1.25% APY
Crypto Loans
Yes
Invitation only
Bitcoin (BTC) Interest Rates
0.1% - 4.5%
 
Ethereum (ETH) Interest Rates
0.25% - 5%
6.0%
Bank Account Purchase Fee
No
1.49%
Litecoin (LTC) Interest Rates
0.1% - 4.75%
 
Debit Card Purchase Fee
No
3.99%
Tether (USDT) Interest Rates
7% - 8.25%
 
Wallet Purchase Fee 
1.49%
Credit Transaction Fee 
2%
USD Coin (USDC) Interest Rates
7% - 8.25%
0.15%
Mobile App
Yes
Yes
ACH Transfer Fee
No
Free
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, 0.02 ETH, 0.0025 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
 Visit SiteVisit Site

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 06/30/2021.

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

Earn Interest on PAXG

AmountAPY
0 - 5 PAXG2%
> 5 PAXG0.5%

BlockFi


BlockFi Alternatives


Articles on BlockFi

BlockFi Review

BlockFi lets you earn interest and borrow against your 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.

BlockFi vs Celsius

Celsius and BlockFi are cryptocurrency lending and borrowing platforms where investors can earn interest on their crypto holdings. But which is right for you?

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Add Your Comment



More Investing Promotions

Coinbase

Coinbase Promotions

Earn $5 in bitcoin for getting started on Coinbase

Celsius Network Promotions

Sign Up Bonus: $40 BTC

Voyager Promotions

Referral Program - $25 Bitcoin Reward

Nexo Promotions

Earn Interest on NEXO - 12% APY
Crypto.com

Crypto.com Promotions

USD $10 Sign Up Bonus

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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