BlockFi Review 2024

Investment Programs, Available Markets, and Products of the Crypto Exchange

The crypto exchange offers a typical investment solution – staking. Its clients can provide cryptocurrency for the development of third-party blockchain projects. Projects are implemented by official partners of the exchange, which are scrupulously checked by experts, and who guarantee protection against loss of deposits.

The peculiarity of staking on BlockFi is that the client does not need to choose more profitable programs from the list. Exchange experts themselves form a pool of projects; all a client has to do is deposit money. The deposit may be made in any asset, the interest rate depends on the asset. It is also affected by the volume of the deposit.

The deposit is not withdrawn from the client's account but is frozen. These funds can not be used in trading or withdrawn. However, the deposit can be unfrozen at any time. In this case, the client will receive an interest payment at the end of the month, but it will be reduced. All payments on investment deposits are made every month.

The more funds the client invests, the higher the interest rate for him. There are milestones and an upper limit in this system. There is also a three-tiered division of the deposit with payments of different interest on each part. This is an atypical system, with all the features of which you can read in the "Interest Rates" section.

Another option for passive income on the site is to order a Visa Signature BlockFi Rewards plastic card. This card is linked to the customer's account, it allows you to make purchases in online and offline stores, and it works like a regular VISA card. The peculiarity is that 3.5% of each purchase is returned to the client's account in BTC. If the card is actively used, the exchange client receives passive income by simply making regular purchases.

BlockFi’s affiliate program:

Note that the exchanger distinguishes between the concepts of a "referral program" and an "affiliate program". A referral program is another way to say "Bring your friend". It allows you to earn on from the trades of your invited users.

To take part in the referral program, you need to register and verify yourself. In trader’s personal cabinet, in the "Bring a friend" section, a client will have access to a referral link that he can place on any resources he wants. Each user who clicks on this link and registers on the exchange will become a referral of the link owner.

As soon as a referral makes a deposit of $100 or more to his account, the host trader will get $10. Also, the owner of the link through which referral came to the site will get $10. The number of such referrals is not limited — a client can invite as many users as he wants. Payments for referrals of the second level (i.e., those whom his referrals invited) are not available to the host trader.

A client can get an additional bonus in BTC after inviting 5 referrals. All referrals must be active, i.e., each of them has deposited at least $100 into their accounts before. Referral’s statistics and program conditions can be found in your personal account in the section labeled "Invite a friend".

As for the affiliate program, applications are sent by the client and are considered individually. They are accepted by bloggers with a solid audience, which meets the criteria of the exchange. In this case, not only the requirements are higher, so are the payments to partners.