πŸ”₯ Increased reward - $50 of DFI when you sign up to Cake Defi

:fire: Increased reward :fire: - $50 of DFi when you sign up to Cake Defi and deposit $50 of crypto.

Cake Defi have increased their referral bonus and you now get $50 DFI in total - $20 worth of DFI when you sign up and a further $30 of DFI if you sign up using a referral link. I think this is the best crypto deal available.

You can withdraw your $50 crypto deposit immediately. Your $50 DFI bonus will be locked and staked for 180 days (interest is added daily and the staking rate is currently a fantastic rate of 104.7% APY so you will have earned a good amount of interest after 180 days) .

CakeDefi allow you to hold crypto and earn interest by lending, staking or liquidity mining. Cake supports 9 cryptos including BTC, ETH and DASH.

Withdrawal fees for most cryptos are high on Cake however DFI is only 0.2 DFI to withdraw. I recommend buying $50 of DFI on Bittrex and withdrawing to CakeDefi. Bittrex give you tokens on signing up that give you some free withdrawals so withdrawing $50 of DFI to Cake would be free. After 180 days you can withdraw your $30 DFI (plus staking interest) to Bittrex. The Bittrex exchange now supports SEPA Euro deposits (I deposited Euros to Bittrex from Revolut however you could use any other Euro account you have e.g. Monese, Starling etc).

Steps:

  1. Buy your crypto on another platform and send $50 to CakeDefi in a single (first) deposit.

  2. Sign up to CakeDefi using my link Cake DeFi – Get cash flow from cryptocurrencies and enter 18058 if asked for a code.

  3. Complete account verification (requires passport photo and uploading either a phone bill, bank statement or utility bill (JPEG, PNG or PDF)). I was verified within 10 minutes.

  4. Tap Wallet, tap Deposit (e.g. on BTC) and deposit at least $50 of crypto (Cake do not charge you to deposit).

  5. Once your crypto deposit is confirmed your DFI bonus is added, staked and frozen (locked) for 180 days. Click β€˜Freezer’ then scroll down to the Freezer to see your DFI – set Auto renew to Off. This ensures that after 180 your DFI can be unstaked and sold rather than frozen again.

  6. You can instantly withdraw your $50 crypto deposit. Tap your profile (top right) select β€˜Withdraw’ on your crypto.

  7. After 180 days you are free to withdraw your DFI to a platform such as Bittrex or Kucoin.

Refer a Friend

When someone uses your referral code, signs up and makes a deposit of $50 of crypto you will receive $25 worth of DFI. You can refer as many people as you wish.