[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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172 Comments
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James Bond
James Bond (@guest_1039752)
August 20, 2020 12:04

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 (@guest_1153583)
March 3, 2021 03:21

I’m up 340% now lol go bitcoin

Ugh
Ugh (@guest_1039512)
August 19, 2020 22:52

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

Phill
Phill (@guest_1036400)
August 14, 2020 11:30

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 (@guest_1031131)
August 6, 2020 14:44

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

Brazilian
Brazilian (@guest_1031663)
August 7, 2020 09:10
  j

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

Thylane Blondeau
Thylane Blondeau (@guest_1030260)
August 5, 2020 14:13

I got my 100 BTC piece of cake!

Pascal
Pascal (@guest_1029202)
August 3, 2020 23:22

Received 0.00871080 BTC today. Thank you!

James Bond
James Bond (@guest_1029043)
August 3, 2020 20:02

Received payout today, current value $98.01 USD.

Phil
Phil (@guest_1028971)
August 3, 2020 18:15

Just received my payout.

Brazilian
Brazilian (@guest_1028984)
August 3, 2020 18:30

Got my money too. About to transfer it out lol

Phil
Phil (@guest_1028985)
August 3, 2020 18:31

I already did… haha

the other Justin
the other Justin (@guest_1028998)
August 3, 2020 18:56

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 (@guest_1029107)
August 3, 2020 21:19

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 (@guest_1029244)
August 4, 2020 01:02

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

Brazilian
Brazilian (@guest_1029475)
August 4, 2020 11:00

Both. Myself and of my ID

the other Justin
the other Justin (@guest_1029432)
August 4, 2020 10:11

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

snuggliestbear
snuggliestbear (@guest_1028714)
August 3, 2020 12:53

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

Bob
Bob (@guest_1028842)
August 3, 2020 15:49

Same here… no $100 payout yet…

snuggliestbear
snuggliestbear (@guest_1029397)
August 4, 2020 09:37

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

Baxter34
Baxter34 (@guest_1027121)
July 31, 2020 15:06

Does anybody know when we are getting our payout?

Edwyn
Edwyn (@guest_1027192)
July 31, 2020 16:32

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

Superchurn
Superchurn (@guest_1028744)
August 3, 2020 13:44

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

Bob
Bob (@guest_1028844)
August 3, 2020 15:49

Likewise… no $100 payout so far…

Joseph
Joseph (@guest_1027616)
August 1, 2020 11:46

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

Baxter34
Baxter34 (@guest_1028135)
August 2, 2020 11:20

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 (@guest_1028482)
August 3, 2020 04:33

by 20:00 EST 3 Aug

Bob
Bob (@guest_1028845)
August 3, 2020 15:50

Fingers crossed… that’s 4 hours away…

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