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Cake Defi Referral Code: $30 Bonus Offer (+$10 DFI Promo)

New users that join Cake Defi with referral code 939751 will get a $30 bonus in DFI tokens. To earn the sign-up bonus, you need to create an account using the promo code, and then deposit $50 worth of crypto.

Already a Cake Defi customer? Refer friends and earn a $30 DFI bonus for every person who successfully joins.

Full step-by-step details of this offer below along with other Cake Defi promotions for new and existing users.

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

What is Cake Defi?

Cake Defi is a platform that allows users to put their crypto to work. Earn cashflow from your cryptocurrencies through:

  • Lending: Earn up to 10% APY from freezing your crypto (i.e. freeze 0.01 Bitcoin for 30 days and get back your capital + interest at the end of the freeze).
  • Staking: Earn staking yields of up 34.9% APY by joining mastermode pools without the complexity of running nodes yourself.
  • Liquidity Mining: Earn up to 238.81% APY by depositing your favorite coins into shared liquidity mining pools and mine popular coin pairs for high rewards.

Plus, when you open an account with Cake Defi, you can get a $30 bonus in DFI tokens. DFI is the DeFi Blockchain (DeFiChain) native token.

Cake Defi Referral Code: 939751

Join Cake Defi with referral code 939751 and you’ll receive $30 DFI bonus once you make a deposit of $50 or more (with any coin). The standard welcome bonus for new users is $20 DFI, but you can an additional $10 DFI bonus when you use a referral code.

How To Get $30 DFI Referral Bonus

  1. Open a Cake Defi account using this link or enter promo code 939751 during the sign up process.
  2. Complete KYC identity verification.
  3. Deposit $50 or more in value into your new Cake Defi account.
  4. Receive $30 DFI bonus which will be locked for 180 days.

While your DFI bonus is locked, it will earn 34.90% APY from staking. After 180 days, you can sell and withdraw your bonus or continue to stake your bonus.

Cake Defi Referral Code: Promo or referral code text field
(Screenshot from Cake Defi app)
Crypto PlatformPromotionLink
Gemini logo$50 BTC BonusLink
Hodlnaut logo$50 Crypto BonusLink
Okcoin logo$50 BTC BonusLink
Bitstamp logo$50 Crypto BonusLink
Nexo logo$100 BTC BonusLink
Luno logo$10 BTC BonusLink
TradeStation logo$10 Free + $2,500 Crypto RewardLink
BlockFi logoUp to $250 BTC BonusLink
Coinbase logo$10 BTC BonusLink
Cake Defi logo$30 DFI BonusLink
Binance.US logo$10 BonusLink
Crypto.com logo$25 CRO BonusLink
Phemex logo$160 BonusLink
eToro logo$10 BonusLink

Other Cake DeFi Promotions

This section will list other Cake DeFi promotions available to new or existing users. All offers and promos will be listed and detailed separately.

Offer #1: Cake DeFi Referral Bonus

Refer friends to Cake Defi and get a $10 DFI bonus for every successful referral. Plus, earn a 1% bonus per annum based on all your friends’ assets. Your friend will also get a $30 DFI bonus when they make a first deposit of $50 or more.

Both bonuses will be locked for 180 days in the freezer, but will earn 37% APY in staking returns during this time. Afterwards, you can sell the DFI tokens, withdraw them to another wallet, or continue to stake your bonus.

Full details of the Cake Defi Referral Program here.

The Bottom Line

Good deal, but be aware of withdrawal fees. Since newly generated Ethereum addresses (ETH, USDC, USDT, or any ER20 token) come at a cost to Cake Defi, they pass on the cost to users by charging a one-time address creation fee of $25.

Cake Defi also charges very reasonable fixed withdrawal fees for most cryptocurrencies (besides Tether and USDC):

  • Bitcoin: 0.0005 BTC
  • Ethereum: 0.002 ETH
  • Litecoin: 0.01 LTC (about $1.50)
  • Dash: 0.003 DASH
  • DeFiChain: 0.2 DFI
  • Tether: 90 USDT
  • Dogecoin: 5 DOGE
  • Bitcoin Cash: 0.001 BCH
  • USDC: 90 USDC

I transferred Litecoin from another exchange and transferred it to Cake Defi to qualify for this referral bonus. Here’s what I did:

  1. Bought LTC on BlockFi by bank ACH (a little more than $50 to account for transfer fees)
  2. Transferred LTC from BlockFi to Cake Defi
  3. Received $30 worth of DFI from Cake Defi

You need transfer a little bit over $50 worth of crypto assets just in case the value goes down during the time it takes to transfer. This is so you won’t lose the bonus if the transfer ends up being, for example, $49.50.

Most platforms have recently removed fee-free transfers, including Gemini, BlockFi, and Celsius. The only platform that still offers a free monthly crypto transfer is Hodlnaut.

Feel free to post your own referral codes in the comments below. I’ll add this deal to the list of the best crypto offers.

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