Deal has expired, view more BlockFi deals by clicking here.
The Offer
Direct link to offer (this is a link to the terms, there is a link to the actual offer in the header of that page)
- BlockFi is offering users with a balance of $0 on May 10 the opportunity to earn $100 in BTC when they deposit $200 by May 14th and maintain a balance of $200+ through July 30th. Promo code is Halving2020
The Fine Print
- Offer valid until 23:59:59 UTC on May 14, 2020.
- To be eligible for the promotion, you must have a balance of $0 on May 10, 2020, this must be your first ever deposit in the BlockFi Interest Account, and you must maintain a $200+ balance through 23:59:59 UTC on July 30, 2020.
- You must also have a valid Halving promo code or receive a targeted email to be eligible for this promotion.
- This offer is not valid in conjunction with any other current or past promotions.
- The $100 payout in BTC will be based on the price of BTC at the time of the payout.
- The bonus will be paid on the first business day in August, 2020.
Our Verdict
Promo is a bit confusing, it looks like it’s open to everybody including new users considering it’s being advertised on the BlockFi site but then talks about having received a targeted e-mail.
Hat tip to reader Cameron C
Cashed out the bonus and withdrew most funds. Left $10 in the account to keep it open. Not sure if I want to keep it open long term or close the account and try to churn a future bonus with BlockFi. Any successful churn DPs?
I’m up 340% now lol go bitcoin
Still haven’t received my payout. Just emailed support to ask.
Anyone else have this BS happen:
“Unfortunately the deposit reflects in the account as 5/16 and due to time zone differences it reflects as 5/15 on your end.”
Is it possible to get the money out, fee free? (BlockFi charges $20 for wire). BlockFi USDC -> Coinbase -> Bank?
Yes, you can transferUSDC to coinbase for free and then transfer to you bak for free 🙂
I got my 100 BTC piece of cake!
Received 0.00871080 BTC today. Thank you!
Received payout today, current value $98.01 USD.
Just received my payout.
Got my money too. About to transfer it out lol
I already did… haha
Are you transferring the BTC elsewhere or are you converting to USDC first? How do BlockFi’s fees compare to that of Coinbase?
You had to take a picture of yourself to withdraw? Or just a picture of your id?
Both. Myself and of my ID
I initiated a transfer of BTC to Coinbase just before 9:30 PM EDT and it is still pending
Has anyone received their payout? I see my interest payment today, but not the $100 extra…
Same here… no $100 payout yet…
Check now – for me it posted well after the usual monthly interest payment.
Does anybody know when we are getting our payout?
The terms say the “first business day in August, 2020”, so they should pay out on Monday.
lets hope it posts today. i just checked and nothing so far
Likewise… no $100 payout so far…
Bittersweet that bitcoin has popped since the payout of bitcoin is based on the price of bitcoin at payout.
Agreed. I might have actually lost money with this as I converted my BTC to USDC for the promotion. I don’t know if I convert back with the $100 bonus if I will actually pass my initial amount
by 20:00 EST 3 Aug
Fingers crossed… that’s 4 hours away…