After trying some Crypto "banks" and lending platforms i have finally decided to keep some of my funds of Celsius, the welcome bonus was what brought me here, but this platform gives the best annual returns, offers free withdraws and like i said has the best welcoming bonus of any platform (80$). In this post i will give you a brief analyses of Celsius and tell you how to also get the 80$ bonus.
What is Celsius Network?
Celsius was created in the summer of 2017 by Alex Mashinsky, it is an online bank and lending platform that offers excellent rewards for its users. Celsius provides a platform of curated services that have been abandoned by the big banks, things like fair interest, zero fees, and lightning quick transactions. It provides a low risk way of earning yield on a wide variety of crypto assets.
There are already over 500 000 people registered on this platform, and there is a lot of currencies that you can deposit, lets take a look on how to maximize your profits.
Earn With Celsius
You earn at different rates by depositing and holding different coins, you can earn up to 17.78%. annually, which is an insane rate.
There are a lot of different assets that you can deposit, to many to be listed here. Lets just look at the ones with the biggest apy.
The left side percentages are the rewards you get if you choose to receive your interest payed in CEL ( CEL is the Celsius native token), the right ones are payed if you choose to be payed in the same coin that you deposited. Currently all my stable coins are deposited on Celsius, it is a pretty safe platform and offers me great annual yield.
If you compare it to other platforms like COINBASE or Blockfi, Celsius its easily the winner. Lets compare the rewards for USDC.
Celsius - 13.30%
BlockFi- 8.6%
Coinbase - 0.15%
Celsius also offers free withdraws and the interest is compounded weekly contrary to blockfi that does this on a monthly basis.
Get started with Celsius
You can download the Celsius app for both ios and android systems.
If you download the app using the following link https://celsiusnetwork.app.link/130240f177 deposit over 400$ in any crypto and hold it for 30 days you will in a bonus of 40$, and you should also input the code BTC40 for an extra 40$, so deposit 400$ and win 80$ in one month, i have already tested this so i know it is completely legit, you will also receive the normal interest on your deposits, in my case i made over 50$ in 2 months, very good compared to fiat banks and other online platforms.
Final Thoughts
In my opinion Celsius is the best way to keep your stable coins, you can keep any coin in it but i prefer only to keep stable coins in the app because the value does not change. The high interest the free withdraws and the weekly compound make this my number one choice for online banking. The welcoming bonus is a great addition for new users but i understand that 400$ may be a lot of money for some users. Gladly is not necessary to deposit such amount, you can deposit any amount of crypto.
I suggest that you make a small research and you will find out that Celsius is the best crypto lending app.
