This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
Outlet (https://outlet.finance/) is welcoming new customers with a $5 bonus (referral link below). You’ll also get an additional $5 bonus for every person who claims their welcome bonus with your unique referral link. See our referral page for more offers.
Click here for Bitcoin bonuses and other cryptocurrency promotions. Click here to compare cryptocurrency exchanges.
Outlet uses blockchain lending services to provide high interest rates – as high as 9% – on deposits. For more on Outlet and their current offers, keep reading.
Outlet Finance $5 Welcome Bonus
Get a $5 welcome bonus when you use a Outlet referral link to download the app to your phone, submit an image of your driver’s license or identity card, connect your bank account and complete your first deposit.
This offer is valid for new customers only.
Try one of the following referral links:
Give $5, Get $5 Referral Program
Refer a friend to Outlet, and you’ll both get a $5 bonus when your friend makes their first deposit. There’s no limit to how many friends you can refer.
Outlet Features
| Investment Types | Consumer loans |
| Sectors | Cryptocurrency |
| Minimum Investment | None |
| Advertised Returns | 9% |
| Open To | All investors |
In short, Outlet is a peer-to-peer (P2P) lending platform built on the Ethereum blockchain. The money you invest is converted to a stablecoin (whose value is tied to the dollar, so it won’t fluctuate as other cryptocurrencies do), then lent to Celsius Network borrowers. These loans are covered by crypto collateral, which is liquidated if the borrower defaults on their loan or if the value of the digital asset drops.
Keep in mind, Outlet is not a bank. The money you deposit is not FDIC- or SPIC-insured. Invested funds are held by a custody partner, which provides insurance against transaction and smart-contract failure. On top of that, Outlet is protected by military-grade encryption, and the platform uses an SOC 2 Type II report.
Outlet Finance Fees
Outlet is completely free to use. There is no maintenance, deposit or withdrawal fee and no minimum balance requirements.
Bottom Line
Outlet lets you earn high interest rates on your deposits by lending digital dollars on alternative money markets. It’s a simple and easy way to invest in loans backed by crypto.
You can also earn high yields on crypto with Linus and Nexo.
READ MORE: See The Best Bank Promotions Here And The Best Investing Promotions Here
