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
- Clients who have traded with BlockFi before and trade $1,000 or more qualifying crypto during the promotion period (8/10/20 04:00:00 – 8/24/20 23:59:59 UTC) are eligible to receive a bonus in USDC stablecoin.
- 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 23:59:59 UTC on 9/14/20.
- For example: If your BIA balance on 9/14 is $10,000, your max payout will be calculated using the lesser of $20,000 or the total traded value in USD.
- We are also offering an additional $10 in USDC if you enable Recurring Trades and trade $250 or more in total traded value.
- To be eligible for the additional Recurring Trades bonus, you must meet the $250 minimum and leave Recurring Trades enabled through September 14, 2020.
- Bonuses will be credited by end of day on September 15, 2020.
- In order to be eligible for the promotion, you must trade during the promotion window and meet the minimum requirements. There is a maximum of one bonus per client.
- This offer is only available to the first 1,000 eligible clients. Trading qualifications may be dependent upon geographical or regulatory restrictions. Terms subject to change.
Our Verdict
Similar to the deal for new users, but each tier is offering a lower payout. Because of the fees/spread involved I don’t think this bonus is worth considering, but if anybody works out a way to make it worth doing then please share in the comments below.
Hat tip to readers Dave S & James L
