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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
View Comments (172)
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.
Are you transferring the BTC elsewhere or are you converting to USDC first? How do BlockFi's fees compare to that of Coinbase?
I initiated a transfer of BTC to Coinbase just before 9:30 PM EDT and it is still pending
@guest_1028998 I transferred mine to coinbase. You need to have at least 5000 to do a wire transfer. i sold my bitcoin and transferred as USDC. I was flagged and now my request is under review. I had to take a picture and submit a pic of my DL. Geez. quite a lot of work. Hopefully, that money will be transferred to coinbase soon.
You had to take a picture of yourself to withdraw? Or just a picture of your id?
Both. Myself and of my ID
Got my money too. About to transfer it out lol
I already did... haha
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?
by 20:00 EST 3 Aug
Fingers crossed... that's 4 hours away...
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
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...