Bake.io Promo Code

Follow this guide to learn how to sign-up and claim your Bake.io bonus and get free $30.

This is an excellent opportunity for new users to get on board and enjoy crypto services like lending and staking. For existing users, it’s another money-making chance to earn bonuses on referrals.

What is Bake.io?

Bake.io is a crypto platform that allows you to earn passively in various ways. It enables users to put their crypto to work and earn with minimal risks and exposure.

Product Features of Bake.io

Bake.io offers various products to users, which include; Lending, Staking, Liquidity mining, Borrow and Freezer

• Lending

Bake.io is one of the best crypto lending sites available. You can generate passive income by lending your BTC, ETH, and USDT to the platform. You can earn up to 10% APY by lending your crypto to borrowers. At the end of the stipulated period, you receive your principal and interest.

It’s mandatory to lock up your crypto for the duration, meaning you aren’t allowed to use it. Eventually, you will be rewarded for doing so.

• Staking

Staking is a mechanism used by Proof-of-Stake protocols to validate transactions and reward providers. The individual that provided the service is rewarded with some coins. Bake.io supports only DASH and DFI.

This product allows users to earn yields up to 34.9% APY by joining special pools called masternode. These pools save users the time and complexity of running nodes independently.

• Liquidity Mining

Liquidity Mining allows crypto investors to supply liquidity to users intending to swap crypto on DEXs. With this Bake.io feature, you can add liquidity to pools like BTC – DFI, ETH – DFI, USDT – DFI, and USDC – DFI.

This earning product offers the highest APY on deposits. Users can earn up to 238.81% APY on coin deposits and by mining popular coin pairs. To join Liquidity Mining;

1. Log in to Bake.io
2. Go to “Products” and click “Liquidity Mining.”
3. Choose your preferred liquidity pool and click “Add Liquidity.”
4. Input the amount and select “Add.”

• Borrow

This product allows crypto investors that don’t want to sell their holdings to borrow to generate cash flow. Users borrow against their crypto holdings at competitive rates. For example, you can borrow BTC against your crypto as collateral, with rates at 0.5% APR. You can’t borrow TRX for now.

Borrowers can use DFI or mix it with BTC, ETH, USDT, or USDC as collateral, provided half of the collateral is DFI. However, borrowers can only receive DUSD stablecoin in exchange. Unfortunately, you can’t borrow BNB on the platform. The good news is that stablecoin can be converted to other digital currencies or fiat.

This feature is only available to Bake.io mobile app users. Bake.io doesn’t offer cardano backed loans.

• Freezer

The Freezer feature allows users to have a consistent cash flow by allocating their assets for Staking or Liquidity Mining and locking them up for a certain period. Users can earn up to 2x the rewards for the period. Users can freeze their allocations for a minimum of one month to 10 years.

How to Get the Bake.io Referral Code

You can get the Bake.io referral code after signing up. When your sign-ups register with your promo code for Bake.io, they will receive up to a $30 DFI bonus once they make a minimum deposit of $50 of any coin. DFI is DeFiChain, and it’s the native asset of the protocol.

To get the referral bonus;

1. Sign-up by filling out your names, email addresses, passwords, and country of residence.
2. Enter the promo code.
3. Agree with Bake.io terms and conditions and click “Sign Up.”
4. Complete your KYC identity verification.
5. Deposit a minimum of $50 worth of crypto into your Bake.io account.
6. You will receive a $30 DFI bonus, withdrawable after 180 days. You can also sell or stake your bonus.

Bake.io promo code no deposit: will you get your bonus? No, you won’t if you don’t make a deposit. However, you will get your Bake.io promo code, which you can share with others.

For more information on other crypto investment platforms, read our YouHodler review.

More Bake.io Promotions

Other Bake.io promotions available to new and existing users are the Referral Program and VIP program.

Bake.io Referral Program

Bake.io Referral Program allows existing users to make money from referrals. For every successful referral, the referrer gets a $10 DFI bonus. Plus, the referrer earns a 1% bonus based on all their referrals’ assets yearly. Your referred won’t also be left out, as they will receive a $30 DFI bonus when they make the first deposit of a minimum of $50 worth of crypto.

As mentioned, these Bake.io bonuses will be locked for 180 days. The good news is the locking period attracts a 37% APY, leaving you richer at the time of withdrawal. Remember, you can also sell or stake your bonus.

To join the referral program;

1. Click the “Referral” tab from the main menu.
2. On the referral page sits your referral code/referral link. Copy it.
3. Share your copied link/code with your friends and ask them to sign-up.
4. Once they register and make their deposit, the referral bonus will automatically be credited to your Bake.io account. You will start to earn a percentage share of their assets.

Another good news is there’s no limit to the number of people you can refer to nor the number of payments you can get. Speaking of payments, Bake.io pays all bonuses every week, precisely on Mondays. The bonuses are paid in the coins that your referred friend is earning. For example, if your referrals entered BTC lending or staking, Bake.io pays your bonus in BTC.

The only exception is Liquidity Mining. Since it deals in DFI – the platform’s native asset, bonus payouts will be in DFI.

You will unlock a new progress badge depending on the number of referrals. There are four referral badges, each specifying how much of the 1% of the total referred assets you are eligible for.

VIP Program

This program is for highly valued Bake.io Users. Bake.io users can attain a VIP status based on their 3-month average allocated assets. Each VIP tier has benefits that include; VIP tokens, an exclusive VIP telegram group, monthly insider market analysis, a dedicated support email for rapid assistance, and one free withdrawal every three months.

Other benefits include; discounts on DEX swaps, a dedicated account manager for better support, quarterly updates via video call, an invitation to an annual company event, a Bake.io swag box, etc.

Users can attain a VIP status based on their confectionery score, calculated based on allocated assets on Bake.io. These assets are measured in BTC. Your confectionery score is displayed in the “Asset Bar” at the bottom of the Bake.io website.

To join the VIP program, you must have a minimum of 0.1 BTC worth of assets or its equivalent. Even if you have this amount, you will have to wait 12 weeks to be enrolled in the program due to the 12-week moving average calculation.

For more exciting offers, use our Finblox code and MyConstant invitation code to sign-up.

Conclusion

Bake.io offers plenty of features to both new and existing crypto users. You can earn passively on the platform and bank a reasonable amount with minimal risks. If you are not interested in investing or allocating assets, you can bank some good money courtesy of the referral program.

Check out other exciting offers here. Use our Youhodler referral code and Midas investments referral code to get your bonuses.