Earn interest with your cryptocurrencies with Celsius Network

earn interest with Celsius Network

Apart from offshore account, cryptocurrency is another method you should consider for sending your money away fast and safe.

In the past you can only make money with cryptocurrency through trading in exchanges. If you unfortunately bought the digital assets at history all-time high and force to HODL, you would not be able to earn any money in that period.

With the introduction of Celsius Network, that has become history.

Learn what is Celsius Network and how to earn interest with your cryptocurrencies, and get a referral offer of $10 USD worth of Bitcoin(BTC) by following this guide.

What is Celsius Network?

Celsius Network嘅logo

Celsius Network is a P2P decentralized lending and borrowing platform. For those who want to borrow cryptocurrencies, they can get the money fast and under a low interest rate through the network

For those who want to lend their cryptocurrencies and earn interest, they only need to deposit into Celsius Network. The network will then help them match up with those who want to borrow money, and they can get the interest they want.

This platform was live in 2018, and they have already lent 4 Billion USD to users around the world.

This video has explained how does Celsius Network work.

Is the interest of Celsius Network worth my time?

Gas fee is needed for every transaction on the blockchain. Can the interest of Celsius Network compensate the gas fee? Is the interest of Celsius Network worth your time?

Currently Celsius Network accepts deposits of Bitcoin (BTC), Ethereum (ETH), LiteCoin (LTC) and 20 other cryptocurrencies. The interest rate varies for each cryptocurrencies, ranging from 2% to 9% annually.

The rate is obviously higher than the saving account interest rate you can get in traditional banks. Besides, they distribute interest to your account on every Monday, which the interest does compound!

If you are already HODL, HODL in Celsius Network has no difference with HODL in your wallet, except it gives you interest.

Is Celsius Network safe?

Like most the companies in the cryptocurrency industry, Celsius Network is not regulated by authorities. Nevertheless, they have done the followings to ensure the safety of customers’ assets.

Celsius Network is really safe, as all the digital assets in this network is under the custodianship of BitGo, a company regulated by The Securities and Exchange Commission(SEC), which offers a $100M USD insurance for those digital assets.

The private keys for users’ wallet in Celsius Network are kept separately in the network and in BitGo under a multi-sig structure. It is almost impossible for hacker to steal these money.

I have used Celsius Network for about 9 months, and I haven’t encountered any issue yet. Withdrawal is fast, and I get my interest payment on time every Monday.

Interest I have earned after using Celsius Network for 9 months.
Interest I have earned after using Celsius Network for 9 months.

Get referral offer from Celsius Network

If you sign up through a referral link or use a promotional code, and deposit more than $200 USD worth of cryptocurrencies in Celsius Network for more than 30 days, you will receive $10 USD worth of Bitcoin.

FAQs

What is Celsius Network?

Celsius Network is a P2P decentralized lending and borrowing platform. For those who want to borrow cryptocurrencies, they can get the money fast and under a low interest rate through the network; for those who want to lend their cryptocurrencies and earn interest, the network will then help them match up with those who want to borrow money, distributing them interest after they have made their deposit.

Is Celsius Network safe?

Celsius Network is really safe, as all the digital assets in this network is under the custodianship of BitGo, a company regulated by The Securities and Exchange Commission(SEC), which offers a $100M USD insurance for those digital assets.

Which cryptocurrency deposit does Celsius Network accept?

Is there any promotional code or referral link for Celsius Network?

If you sign up through a referral link or use a promotional code, and deposit more than $200 USD worth of cryptocurrencies in Celsius Network for more than 30 days, you will receive $10 USD worth of Bitcoin.

When will I receive interest from Celsius Network?

Celsius Network distributes interest on every Monday.

Does interest compound in Celsius Network?

What is the annual interest rate in Celsius Network?

The annual interest rate in Celsius Network varies for each cryptocurrency, ranging from 2% to 9% annually.

What is CEL Token (CEL)?

    Leave a Comment

    Your email address will not be published.

    English粵文中文 (台灣)