Disclaimer: Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections. Effective May 1st, 2020, BlockFi clients are eligible to earn up to $20 in BTC for each friend that they refer to the BlockFi Interest Account (BIA). For the first 5 friends they refer, a referrer (client) will earn $10 in BTC per referral and referees (new referred clients) will be paid a one time bonus of $10 in BTC. After a referrer has achieved 5 successful referrals to BlockFi, each subsequent referral will earn them $20 in BTC after the qualifying balance has been met. Each new referee will still earn a one time bonus of $10 in BTC. The referee must deposit at least $100 in any type of cryptocurrency or stablecoin in their BIA or neither the referrer or referee will be eligible to receive the payment. If the referrer is a BlockFi Rewards Credit Card holder, both the referrer and the referee will get an additional $30 in BTC on top of the base Refer-a-Friend program rewards, under the same conditions that the referee must deposit at least $100 in any type of cryptocurrency or stablecoin in their BIA. Referral payments are made to both the referrer and the new client they referred on the second Friday of every month. This program is subject to change at any time without notice and will only pay bonuses to referrals that BlockFi deems eligible. Unless otherwise noted, this offer cannot be combined with other concurrent promotions. Examples of ineligible referrals shall include (but are not limited to) using your referral code in any paid promotion methods such as Google Ads, Facebook Ads, banner ads or other paid channels. In addition, a client is not permitted to refer to themselves or legal entities within their control, or use any other method to game the referral program for repeat bonus payments. If a client is suspected of referral fraud in any way, BlockFi reserves the right to remove the referrer from the program, void any past and future bonus payments, and take any other related action it deems appropriate.