BlockFi Referral Code | Discontinued — BlockFi Is Bankrupt

BlockFi’s $10 Bitcoin sign-up bonus is no longer available — BlockFi is discontinued. The company filed for bankruptcy in November 2022 (part of the FTX-collapse contagion that hit several crypto lenders) and has spent the years since winding down and distributing remaining customer assets through the bankruptcy process. As of our check, their own site is a Kroll-administered distributions notice, not a working exchange — there’s no sign-up bonus to claim anymore. If you’re looking for a similar crypto referral bonus, Gemini currently pays $50/$50 and Coinbase pays $10 in Bitcoin for new sign-ups — both verified live.

$ $10 BTC bonus ⏱ Nov 2022 bankruptcy ➤ Gemini pays $50/$50

Discontinued

Program closed — kept for the record.

See What Happened

Program closed · Historical record

What Happened to BlockFi

BlockFi let users earn interest on crypto holdings and trade currencies without selling their assets — that was the whole pitch behind the referral program this page used to promote. It fell apart with the rest of the crypto-lending sector in late 2022: BlockFi had significant exposure to FTX and Alameda Research, and when FTX collapsed, BlockFi followed it into Chapter 11 bankruptcy within weeks.

The wind-down has taken years. BlockFi’s site now serves as a distributions and claims portal run by Kroll (the restructuring firm handling the bankruptcy), with notices as recent as a May 2025 deadline for customers to verify their identity to receive remaining funds. The app and account sign-up (app.blockfi.com) no longer resolve at all — the domain is dead. There’s no functioning product left, and no referral bonus to earn.

If what you actually wanted was a crypto sign-up bonus, we have two verified-live alternatives:

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Gemini — a New York-based, licensed U.S. exchange currently paying $50 in crypto to both the referrer and the new sign-up after a $100 trade within 30 days, via this link.
Coinbase — one of the largest U.S. exchanges, currently paying new users a Bitcoin bonus (around $10 at last check) after a qualifying trade, via this link.

Neither Gemini nor Coinbase offers the same “earn interest without selling” mechanic BlockFi was built around, but both are operating, regulated exchanges with active referral programs, which is more than can be said for BlockFi at this point.

Our original BlockFi sign-up link is kept here for reference; as of our last check the destination domain (app.blockfi.com) no longer resolves at all.

blockfi referral code — the original $10 bitcoin bonus, blockfi is bankrupt

About Gemini

Where to Get a Similar Bonus Instead

Frequently Asked Questions

Is BlockFi still giving out a $10 sign-up bonus?
No. BlockFi has been in bankruptcy wind-down since November 2022 and no longer operates as a functioning exchange or lending platform. There’s no bonus left to claim.

Can I still log into my old BlockFi account?
The app sign-up domain (app.blockfi.com) no longer resolves. If you’re an existing customer owed a distribution, that process is being handled through Kroll’s bankruptcy claims portal on blockfi.com, not the old app.

Why did BlockFi go bankrupt?
BlockFi had significant financial exposure to FTX and Alameda Research. When FTX collapsed in November 2022, BlockFi was pulled down with it and filed for Chapter 11 bankruptcy protection within weeks.

What’s the closest alternative to BlockFi’s referral bonus?
For a straightforward exchange sign-up bonus, we’d point you to Gemini’s $50/$50 referral program or Coinbase’s Bitcoin bonus — both are currently live and verified.

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