Last month I came across the Celsius network website and the application. Before this I want to tell you that I tried my hand in crypto trading in Binance for about 30 days. I put in about 100 dollars and used to make trades mostly in LTC/USDT pair. I was too conscious about not losing money. So I was a cautious player. I took 1 or maximum 2 trades a day. But I noticed that it is quite stressful as the time between starting a trade and its successful closing is always fraught with danger of losing money. A few times the market went the other way and I had to wait for more than a day to come to a profitable position. Also once in a profitable position the tendency was to close the trade and book profit. Most of the times I booked profit early and the market continued in my profitable direction. This also made me sad as if I had held on then I could have got more profit.
What I could make out was that you require a certain type of temperament to be a successful trader and not everyone has it. So now I started looking for other options where I could be free of this stress and tension and still earn income though it may be lesser than trading. I read and visited a few sites about staking also. Then I landed on the Celsius network website.
It is basically an interest earning website. The business model is that – It collects crypto currency from the public and gives interest on it. How? It lends the crypto currencies to big institutions against collateral from where they earn higher interest. Instead of keeping the whole interest earning from the institutions with them, they distribute 80 percent to us and keep 20 percent with them. This way they give a very good interest to us.
What the banks do is they take your money and give as loans, thereby earning higher interest and keep it with themselves. Here most of it is distributed among us.
It is co founded by Alex Mashinsky, he is himself a self made millionaire and the creator of VOIP (voice over internet protocol). He regularly interacts with the subscribers through YouTube live sessions.
Here you can keep Bitcoin, Ether, BCH, chainlink, Matic, SNX, all stable coins, and many more- more than 40 coins. The maximum interest in Matic and SNX- 16.16 percent APY. Then all stable coins- 10.51 percent. Eth has 5.5 percent, BTC has 4.51 percent. You can see the whole list in the Celsius network website. They have their own coin –Cell which is ranked 38 in coinmarketcap and has a huge potential. If you want to earn interest in cell token then you will get up to 30 percent more interest. Example- If you keep USDT you will get interest of 10.51 percent if you take the interest in USDT. But if you take interest in CELL token then you can earn up to 13.8 percent interest. This is when you have more than 20 percent of your portfolio in CELL token. Example – if you have 100 dollars of USDT and 20 dollars of CELL token and you opt for earning interest in cell token then you will earn the maximum interest. There are smaller slabs also where you will earn 10/20 percent more interest income.
The interest is paid every Monday for the Friday to Friday cycle. The earning is compounded every week. You very well know the power of compounding. There is no minimum deposit and withdrawal requirement. The deposit and withdrawals are free.
You can get loan also from here against your portfolio and the interest can be as low as less than 1 percent APR if you have more than 20 percent cell in your account and if you want to pay the interest in Cell token. The minimum loan is 500 dollars worth of your choice of crypto currency. Off course your collateral will not earn interest during the loan period, that’s justified. But just think, less than 1 percent interest whereas what high rates the banks charge.
This company is working since 2018 and is not the fly by night type sites you see in PTC faucets. Otherwise I would not have wasted so much time writing this.
You can get 20 dollars BTC free if you keep 200 dollars for 30 days. For this you will have to join through a referral. You can use my referral code- 1501710c82. Both of us will earn 20 dollars BTC each after 30 days.
The registration process is easy. You can search ‘Celsius network’ in Google playstore or download from their website. Log in with your Google account (other options also available), enter your personal details, fix your log in code, it will ask for referral code, and take a picture of your national ID through the app. If the photo is correctly taken then you will have an approved account in 15- 30 minutes. If not then the app will tell you to take the photo again (or you can mail them that your verification is showing pending). It is simple. After this you are ready to deposit funds.
Link to the website- https://celsius.network/
You can buy cell token at liquid.com. As of today it is 1.8 dollar.
I have checked other sites like nexo and blockfi but this one is the best.
I have deposited more than 200 dollars.
For those like me who don’t want to trade and want a safe way to earn passive income, this is the best option.
Checked it out after reading our article, genuine company. Will join with your link today. Who will want miss the free 20 dollar btc.