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One of the most popular centralized lending platforms is called . In the ongoing month of February 2022, this popular lending platform is giving $40 in Bitcoin to new users who are not based in the US. The regular sign-up bonus is $10 in Bitcoin.
In this post, I am going to highlight the advantages of using BlockFi for earning interest on your crypto.
Why BlockFi?
is a cryptocurrency lending platform that offers interest-earning accounts, low-cost USD loans secured with crypto, and fee-free trading. It offers some of the best rates for these services, the most flexible structures, and the highest degree of security available in the blockchain lending ecosystem.
BlockFi is the only independent lender with institutional backing from big investors that include Morgan Creek Digital, Valar Ventures, Winklevoss Capital, Galaxy Digital, Susquehanna, Akuna Capital, Fidelity, and COINBASE Ventures.
BlockFi Interest Account
To fund your Interest Account, you can buy some crypto with BlockFi or you can simply deposit some and directly start earning interest on your crypto. BlockFi supports Bitcoin, Ethereum, Litecoin, Uniswap, Chainlink, Basic Attention Token, GUSD, PAX Gold, and different Stablecoins.
You can trade all these different crypto assets directly in your BlockFi account completely fee-free. You can expect more crypto assets to be added to BlockFi in the future.
One of the most attractive features of BlockFi is that there is no minimum deposit required to earn interest. You can also send small amounts of Bitcoin to your interest-bearing account on a continuous basis. Interest is paid monthly and directly credited to your existing balance. You can select in which Crypto you wish to receive your monthly payments. Now you can sit back and slowly but surely build your stack over time.
BlockFi Loans
On the other hand, BlockFi also offers unparalleled access to cash. You will have the ability to pull loan collateral from your BlockFi Interest Account as well as the option to fund your loans in a range of different Stablecoins.
Get Free Bitcoin As First Deposit Bonus
If you use my invitation link (Code: 4fc341e6) to sign up for BlockFi and deposit $100 or more into your BlockFi Interest Account, we both will always receive the regular sign-up bonus of $10 in Bitcoin. That sounds like a classical win-win situation for me, because if you do not use a referral code for signing up, then you will receive no sign-up bonus at all.
There currently is a special offer for non-US referees. If you are non-US based and you use my invitation link, you will be eligible to receive the $40 in bitcoin bonus from 00:00:01 UTC on February 3rd, 2022 to 23:59:59 UTC on February 28th, 2022.
So you can turn $100 easily into $140.
For each party to receive the referral program bonus, the referee must use a referral code for signing up and he must transfer a minimum of $100 of any cryptocurrency or stablecoin to their BlockFi Interest Account and hold these funds in their BlockFi Account for a 30 day period.
Referral payments are made to both the referrer and the referee on the second Friday of every month.
My Final Conclusion
I am using BlockFi for more than two years already. I am keeping around 20% of all my Bitcoin holdings on BlockFi to earn interest on my Bitcoin.
At the end of my post, I also like to remind you that my intention in this post is to raise your awareness of BlockFi and my intention is not to replace your own research. However, it really reflects my own opinion.
So I hope that I could provide you with some interesting and useful information about
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