[Expired] BlockFi Promotion – Earn $100 in BTC When You Deposit $200+ [First Time Depositors Only]

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

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James Bond

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?

Russ
Russ

I’m up 340% now lol go bitcoin

Ugh
Ugh

Still haven’t received my payout. Just emailed support to ask.

Phill
Phill

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.”

j
j

Is it possible to get the money out, fee free? (BlockFi charges $20 for wire). BlockFi USDC -> Coinbase -> Bank?

Brazilian
Brazilian

Yes, you can transferUSDC to coinbase for free and then transfer to you bak for free 🙂

Thylane Blondeau
Thylane Blondeau

I got my 100 BTC piece of cake!

Pascal
Pascal

Received 0.00871080 BTC today. Thank you!

James Bond

Received payout today, current value $98.01 USD.

Phil
Phil

Just received my payout.

Brazilian
Brazilian

Got my money too. About to transfer it out lol

Phil
Phil

I already did… haha

the other Justin
the other Justin

Are you transferring the BTC elsewhere or are you converting to USDC first? How do BlockFi’s fees compare to that of Coinbase?

Brazilian
Brazilian

the other Justin 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.

Juan
Juan

You had to take a picture of yourself to withdraw? Or just a picture of your id?

Brazilian
Brazilian

Both. Myself and of my ID

the other Justin
the other Justin

I initiated a transfer of BTC to Coinbase just before 9:30 PM EDT and it is still pending

snuggliestbear
snuggliestbear

Has anyone received their payout? I see my interest payment today, but not the $100 extra…

Bob
Bob

Same here… no $100 payout yet…

snuggliestbear
snuggliestbear

Check now – for me it posted well after the usual monthly interest payment.

Baxter34
Baxter34

Does anybody know when we are getting our payout?

Edwyn
Edwyn

The terms say the “first business day in August, 2020”, so they should pay out on Monday.

Superchurn
Superchurn

lets hope it posts today. i just checked and nothing so far

Bob
Bob

Likewise… no $100 payout so far…

Joseph
Joseph

Bittersweet that bitcoin has popped since the payout of bitcoin is based on the price of bitcoin at payout.

Baxter34
Baxter34

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

BlissfulApathy
BlissfulApathy

by 20:00 EST 3 Aug

Bob
Bob

Fingers crossed… that’s 4 hours away…