Linus (getlinus.io) is welcoming new members with a $20 bonus when you use a referral link to open an account. You’ll enjoy an additional $20 bonus for every person who uses your unique invite link to claim their welcome bonus. More referral deals here.
Linus utilizes the blockchain world to offer a high yield on your cash deposits. Although often described as a savings account due to accessibility of funds, it’s much more like an investment account. Let’s have a closer look at Linus and their current offers below.
Linus $20 Welcome Bonus
Enjoy a $20 welcome bonus when you join Linus using this referral link, verify your identity and fund your Linus account with at least $100. Your bonus will automatically credit to your account, and you can withdraw any or all of your funds (including the bonus) at any time.
Linus Give $20, Get $20 Referral Program
Invite your friends to Linus. Once your friend signs up using your unique invite link, and their account balance exceeds $100, you both receive a $20 bonus added to each of your Linus accounts. To access your invite link, click on the top right hand corner of your dashboard next to the transfer button. Then, share using social links, or copy your invite link and paste it wherever. There is no limit to how many referral bonuses you can earn.
Linus is a financial company that offers a cryptocurrency-based, high-yield deposit account, with up to a 4.5% APY. That’s quite impressive as big brick-and-mortar banks can’t get anywhere near that rate. Click here for the best savings accounts and rates.
So how does Linus do it? It’s important to understand that your Linus account is less like a savings account and more like a crypto investment account. The company converts your USD into USD Coin (USDC), a stablecoin that’s tied to the dollar (1 USDC = $1).
Once converted, your funds become available to digital capital markets. Others can borrow your USDC, paying you interest. To avoid loan defaults, Linus requires borrowers to put up collateral that’s worth more than the loan.
NOTE: Linus is not a bank, nor is it associated with one, so its savings account is not FDIC insured.
Other Linus features include:
- No minimum balance required and transfers are free.
- Accrue interest every second. You don’t need to wait a specified term to get your interest.
- Easy debit card deposits and ACH withdrawals, with no limits to the number of transfers you can do per month.
- Customer support 7 days a week via chat or phone call.
Linus offers a high yield on your cash deposits, but it’s not FDIC insured. Is the high reward worth the high risk? That’s up to you to decide.
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