Figure set up a promo code, BORROWONBITCOIN, for our readers. Use it and you can earn up to $100 in bonuses from Figure: $50 for taking out a crypto-backed loan, and another $50 for depositing $500 into your account within 30 days of opening it. There is also a $100 referral bonus for each person you send who completes a loan or funds their account. It is a straightforward cash perk on a lender we already track, and it is worth knowing about if Figure was already on your shortlist.
What the bonus actually is
Two separate rewards stack for a borrower, and both are paid by Figure:
First, $50 for taking out a crypto-backed loan. This is the core bonus for using Figure's product the way you came to use it, borrowing against your crypto instead of selling.
Second, $50 for depositing $500 into your Figure account within 30 days of opening it. That is a funding reward, separate from the loan itself, and it is time-limited, so the 30-day window matters.
Together those come to up to $100. On top of that, Figure pays $100 for each person you refer who completes a loan or deposits $500, which is uncapped by referral count. All of it is Figure's promotion on Figure's terms, so the amounts and conditions can change, and you should confirm the current details with Figure before relying on any specific figure.
The bonus is a perk, not a reason to borrow
A cash bonus is nice, but it should never be why you take a loan. A hundred dollars is small next to the interest you will pay over the life of a loan, and next to the risk of borrowing against a volatile asset. So the order of operations matters: decide whether a Figure loan makes sense on its own terms first, then treat the bonus as a small bonus.
The good news is you can check the terms in a couple of minutes. You can personalize a Figure loan to your own amount and LTV on our Figure summary page, which shows the effective APR, the origination fee, the LTV limits, and how a margin call works, so you can see the real cost before the perk enters the picture. If the loan stands up on its own, the $100 is a genuine plus. If it does not, no bonus makes it worth it.
How to claim it
Enter BORROWONBITCOIN when you open your Figure account, then complete the qualifying actions inside Figure's windows: take out a crypto-backed loan, and deposit $500 within 30 days of account creation. Because eligibility, amounts, and timing are all set by Figure and can change without notice, confirm the current terms on Figure's site before you count on a specific payout.
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Bottom line
If Figure was already a candidate for you, this makes the math a little better: up to $100 back on a loan you were going to compare anyway, plus a referral reward if you send others. Start by running your numbers on the Figure summary page to make sure the loan itself is right, then see where Figure lands against every other lender in our live comparison and our weekly Bitcoin Loan Rate Index. The bonus is the reason you clicked, but the terms are the reason you should or should not borrow.
Disclosure: Figure is one of our advertising partners, and we may earn a commission if you borrow through our links. That does not change the bonus terms above, which come from Figure, or what we write about them. See our full disclosures.
Bonus amounts, eligibility, and windows are set by Figure and are subject to change. Confirm the current promotion and loan terms directly with Figure before borrowing.