The BIA is an interest-bearing account, which provides market-leading yields to crypto investors who store their Bitcoin, Ether, and Gemini Dollar (GUSD) at BlockFi.
BlockFi clients can securely store their Bitcoin, Ether, and Gemini Dollar (GUSD) at BlockFi and receive interest paid monthly in cryptocurrency. Learn more about how the BlockFi Interest Account works.
The interest earned in your BIA will be paid out at the beginning of every month. BIA account holders will be able to access a history of their interest payments and view their total balance on their BlockFi dashboard. Interest is paid in the client’s deposited currency, meaning Bitcoin will earn Bitcoin and Ether will earn Ether.
For years, crypto investors haven't had access to basic financial products in the blockchain ecosystem. BlockFi bridges this gap by providing access to high-interest crypto accounts and low-cost credit products to clients worldwide.
When you send a friend your referral code (it’ll look like https://blockfi.com/?ref=a65d581d) and they sign-up with your link, you’ll receive credit for that account. Once they’ve funded a BlockFi Interest Account (BIA) and met the minimum required deposit to earn interest, you’ll earn 10% of the interest they earn for as long as the deposit stays in their account. That 10% is in addition to their interest.
For example, if your friend earns $100 in interest on their crypto deposit, you’ll earn $10 (10%) in addition to their payout. All interest is paid out in crypto, so if your friend deposits BTC, they earn BTC and you earn BTC.
If your friend takes out a loan, you will receive $50 or 0.10% of the loan amount (whichever number is greater). There is no limit to the amount of friends you can refer or how much you can earn from referrals.
How To Access Your Referral Code:
You will see the total earned from your referrals at the beginning of each month. Your earnings will be added to your interest payout statement.
Keep in mind: you must create a BlockFi Interest Account to receive payouts and you cannot refer yourself. We ask that you create an account so that we can verify your identity and have a wallet address on file for you to receive payment. You may withdraw your payments at any time.
If you have any questions, reach out to [email protected] and we’ll get back to you as soon as we can.
Many businesses introduce a referral system with the main goal of increasing the number of customers. For example, if you are joining a gym for the first time they might offer you a free month as a new customer if you refer a friend to that particular gym. In addition, the client (or 'affiliate') might also get an extra bonus, for example a trial week.
As you can see, it's a 'win-win' situation for both parties; one is getting a free month and the other one a trial week. What happens, in reality, is that often, you can't invite a friend, because you don't have any friends interested in this particular referral business. Moreover, companies regularly offer better services or lower prices to affiliates who bring them referrals. And of course you want to take advantage of all these additional benefits.
What if you can actually do something about it? Wouldn't it be great if you could find a place where people like you share referrals? The good news is that there is already a platform that solves these problems.
Share Referrals is a website that lets people post referrals so those who are looking to be referred can find them in just a few easy steps. Both parties benefit and the process is quick and seamless. You don't even need to register an account, just fill in the form, and you are ready to go. The site is used by millions of people so you can be sure to obtain the bonus associated with the 'Refer a friend service' in a very short time
Furthermore, if you know that you will get something for free not only as a new customer, but also if a friend recommended you to that business, wouldn't you ask your friends if they are already customers of that business? At Share Referrals you can view referrals from other people, and it is highly likely that there is someone who posted about the same business that you are looking for. If you can get any additional benefits or bonuses from the Refer a Friend service, but you don't have a close friend who is interested in that particular service, just go to the Share Referrals website and you will surely find what you are looking for.