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The Offer
- BlockFi is offering a bonus of up to $1,000. The bonus you receive depends on the amount of Cryptocurrency traded:
The Fine Print
- New BlockFi clients who signup for a BlockFi Interest Account (BIA) and trade $1,000 or more in qualifying crypto during the promotion period (7/20/20 04:00:00 – 7/31 23:59:59 UTC) are eligible to receive up to $1,000 in BTC.
- Traded value will be tracked as the sum of all qualifying trades executed during the promotion period.
- Note: stablecoin to stablecoin trades do not qualify.
- There is no cap on the number of times you may trade your balance, however, the bonus will only be applied to a maximum total traded value of 2x your BIA balance as of 8/16/20 23:59:59 UTC. For example:
- If your BIA balance on 8/16 is $10,000, your max payout will be calculated using the lesser of $20,000 or the total traded value in USD.
- Bonuses will be credited by end of day on Monday, August 17th, and will be based on the prevailing market price of bitcoin at the time of credit.
- In order to be eligible for the promotion, you must fund your BIA for the first time and trade during the promotion window. There is a maximum of one bonus per client.
- You must also have a valid July trading offer code or receive a targeted email to be eligible for this promotion.
- Please note: to qualify you can’t make any withdrawals off the platform through 8/16/20.
- This offer cannot be combined with other offers.
- Trading qualifications may be dependent upon geographical or regulatory restrictions. Terms subject to change.
Our Verdict
BlockFi offered a bonus of $100 in the past and you only needed to deposit $200 (no need to trade). That was a much better bonus and I’d recommend waiting for something like that return. To get the full bonus of $1,000 you’d need to have $50,000 deposited and then trade a total of $100,000 (you can only 2x your deposit for the bonus terms). Seems like a lot of risk and I’m not sure what sort of fees or less than favorable exchange rates are offered. I won’t be adding this to the list of the best crypto deals.
Hat tip to reader Z F
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