Celsius Network is a revolutionary new platform that will allow you to buy, borrow and pay in more than 30 cryptocurrencies entirely from your phone. You can also receive loans on the value of your crypto assets thanks to their unique business model which involves an insurance fund for all deposits up to $100 million! There are no withdrawal limitations or fees with Celsius so withdrawing money at any time is easy.
The Celsius team is committed to providing a secure, reliable trading platform for the ever-growing crypto community. We are on a mission to become the world’s most trusted and recognized digital asset management company. Founded in 2016 by current CEO Alex Mashinsky, we have already been growing at an exponential rate since our inception.
Our goal is to make it easy for everyone to purchase Bitcoin, Ethereum, and Dash without any fuss or complications. We offer fast transactions with minimal fees so that you can trade your coins easily and securely!
Best For:
- Passive income
- Crypto investors
- Beginners
Pros
- Rewards of up to 15% are possible. APY is paid out on a weekly basis.
- Mobile platform that is simple to utilize
- Over 100 countries have access to it.
- CelPay allows for instant, fee-free payments.
- Excellent loyalty program
Cons
- Few educational resources available,
- Limited number of cryptocurrencies.
- Centralized
What is a CEL token?
CEL tokens are the native token of Celsius’ ecosystem. Why does CEL matter? Because it can unlock tremendous earnings for users, as interest is earned on deposits and discounts made available to those who hold them. Also being able to access loan discounts that others in need of funds don’t that are not available.
Platform Ease of use
The Celsius app is intuitive and easy to use. You can download it for free in over 100 countries around the world- if you’re not from one of those locations then your onboarding process will vary based on which country that you are located in – but once you’ve entered all your information and gone through verification there won’t be any delays when using the platform! It’s available anywhere with an internet connection so whether or not I’m at home on my laptop connected to WiFi (or somewhere else) where a good cellular signal may exist; as long as I have access, I’ll still get full functionality without having to worry about how many hours away from home base that might make me.
You can start earning interest on your cryptocurrency with Celsius. The rewards are calculated every Friday and added to your wallet each Monday, so you’ll see them the following Monday if you deposit on Thursday night – that’s just two days after depositing. You also get access to other great features like buying additional crypto or withdrawing money from a loan backed by cryptocurrency deposits almost instantly at any time of day without needing approval – it’s super easy!
We’ve all been there. When you need cash, but don’t want to sell out of your investments! The Celsius wallet has a CelPay feature where you can pay friends and family as easily in crypto as with any other payment app such that the person receiving it doesn’t even have to have their own Celsius Wallet account (since they’re simply being sent tokens).
Celsius Network Providers
The Celsius Network is a decentralized, peer-to-peer cryptocurrency platform that has innovative features like weekly payouts and low-interest loans. Users can earn money just for holding coins in their wallet; they get paid on the first day of each week without any effort! The app also offers an easy way to send funds with no transaction fees so you don’t have to worry about paying them twice – this feature will easily become your favorite one if you’re traveling abroad often or sending payments back home regularly. Currently, there are over 50 different cryptocurrencies available including Bitcoin (BTC) & Ethereum(ETH).
Celsius Network understands that you may want to switch up your portfolio regularly. This is why they offer a 4-tier loyalty program, which allows members of the Celsius community not only to earn interest but also other benefits based on what percentage of their funds are in CEL tokens. Members with 0% in CELs will be rewarded for being loyal and those who hold 100% can get more than twice as much.
- Bronze Tier: Less than 5% of your portfolio is in CEL tokens
- Silver Tier: 5%-10% of your portfolio is in CEL tokens
- Gold Tier: 10%-15% of your portfolio is in CEL tokens
- Platinum Tier: 15% or more of your portfolio is in CEL tokens
The Bronze Tier
Customers in this tier will receive between 5% and 10% in CEL interest. However, the advantages do not end there. With the Bronze Tier, you’ll also get 5% additional awards and 5% loan interest reductions.
The Silver Tier
What about the Silver Tier? With CEL, you can expect yields ranging from 10% to 15%. You will also receive a 10% bonus incentive and a 10% loan interest savings.
The Gold Tier
As you progress to the Gold Tier, your profits will increase by 15 to 20% using the platform’s own coin. Bonus awards are worth 20%, and loan interest discounts are worth 20% as well.
The Platinum Tier
Last but not least, at the Platinum Tier, you can save up to 20% on CEL. You will also receive a 30% additional incentive. You’ll also get a 30 percent interest rate reduction on your loan. As the data above shows, the more CEL tokens you retain on the platform, the higher the yields you’ll receive. Of course, because of the extreme volatility of the crypto market, HODLing in CEL is riskier.
Celsius Network Pays High-Interest Rates in What Way?
Celsius believes in earning what you give. Unlike traditional banks and finance lenders, they adjust rates often to keep up with the ever-changing market. This means that Celsius only takes around 15 – 20% of their company profits (compared to other institutions which take a larger percentage). These earnings get distributed among shareholders–not depositors like many companies would do; instead, it passes those funds along to customers who are making use of our service.
It is a lending platform that offers interest payments to its community. Their revenue comes from cryptos lent out to individuals and institutions alike, which Celsius generates through the process of crypto-lending. They boast more than 340,000 active users globally with ample institutional clients as well; expect their numbers to continue growing in tandem with every step they take forward into 2019! It’s also worth noting that this year (2019) Celsius has published an official explanation on how rates are set for each loan type – it might be good for anyone considering getting involved with borrowing or loaning cryptocurrencies themselves.
Celsius Network’s Safety and Security
Is Celsius Network safe? This is a valid question with an answer that’s as complicated as it gets.
In today’s world, our news feeds are often cluttered by stories of crypto entities being hacked and user funds lost in the process. So what steps have Celsius taken to ensure its customers’ fund safety?
Celsius protects customer information through encrypted communication channels, password-protected data storage on servers separate from those containing any sensitive or private customer data.
Celsius Network is a secure platform for cryptocurrency trading with licensed FinCEN and SEC licenses. They protect user assets through multi-factor authentication, biometric signatures, third-party custody (Primetrust), insurance of customer funds (Fireblocks), and an in-house security team composed of ex-military cybersecurity professionals.
Final Thoughts?
As you can see, there are numerous benefits to using Celsius Network. But who is the platform’s ideal client? It is best suited for newbies who want to buy cryptos without taking on the entire danger of the turbulent crypto markets. Aside from newcomers, the network will also cater to the demands of passive investors looking for a safer platform for owning and purchasing digital assets.
You’ll also avoid hidden fees and other problems linked with money withdrawals if you use this company. That being stated, I strongly advise conducting research before selecting a crypto platform for your financial needs.
