Before you use a BlockFi referral code at sign-up, note that not all BlockFi invite codes will give you the same referral bonus. By default, all BlockFi referral codes will reward new and existing users only $10 in BTC. However, if the referrer (the person who referred you) is a BlockFi Rewards Credit Cardholder or a BlockFi referral partner, you could receive more referral bonuses.
As of January 2022, you are eligible to receive $40 in BTC when you sign up with the BlockFi referral code: SIERRA7. This referral bonus is $30 higher than the usual BlockFi referral bonus because the code is linked to a BlockFi Rewards Credit Card. To receive $40 in BTC, you must fund your account with at least $100 within 30 days of signing up. You can earn more BTC when you refer your own friends to BlockFi. There is no limit on how many users you can refer to BlockFi. You will receive $10 for every successful referral to BlockFi for the first 5 referrals. After the first 5 referrals, your referral rate will increase to $20 for all additional referrals.
If you open a BlockFi Rewards Credit Card (like us), then your referral bonus will jump to $40 per referral for the first 5 referrals and to $50 after that. Below, you will find step-by-step instructions on how to receive $40 in BTC when you sign up with our BlockFi referral code.