Celsius Network is a peer-to-peer lending company facilitating the lending and borrowing of cryptocurrencies. Borrowers can benefit from low-interest rates while for lenders there is a substantial share of the income distribution. If you wish to start earning interest by banking on the wings of crypto, then keep reading our today’s article.
You can earn and borrow up to more than 30 different cryptocurrencies using the Celsius platform. Other than managing your crypto portfolio, users can also earn compounding rewards ranging up to 15% APY in ETH, BTC, CEL, and more. Once users are qualified, they can get an instant approval for stable coin crypto or dollar loan at an interest of just 1%. Since its foundation in June 2018, Celsius Network has originated loans worth more than $1 billion. Their actions have demonstrated the immense market for low-interest loans.
Benefits of Using Celsius Network
- Users can borrow dollars at low-interest rates through the Celsius network. Both stable coin and cash loans are offered at an interest of 4.95%.
- 80% of the revenue earned by Celsius is shared with the Celsius community through weekly interest payments making the Celsius users eligible to earn up to 10%.
- CelPay service allows sending bitcoin and similar cryptos instantly without the requirement of any wallet.
- CEL Token is an in-app token offering exclusive access to the topmost financial services for cryptos including priority status, better interest rates, community membership, and more.
- Interest can be earned with just $5 or $5000000 on the Celsius Network which doesn’t have any minimum deposit requirement and treats all users equally irrespective of the amount of your holding in the Celsius account.
- BitGo is a multisig wallet where all the Celsius assets are stored. It offers coverage to users up to $100 million against inside jobs, cyber-attacks, and thefts.
Some cryptos that are compatible with Celsius are BTC, EOS, ETH, ORBS, LTC, DAI, XRP, USDC, OMG, PAX, BCH, GUSD, ZRX, TUSD, BTG, DASH, ZEC, XLM, THKD, TGBP, TCAD, TAUD.
Sign Up Bonus Using Referral Link
Presently, Celsius Network is offering $50 in free BTC whenever a referral link is used to join the platform. You will just have to verify your account and deposit crypto worth $400 in your Celsius wallet to avail the welcome offer. The BTC reward is unlocked 30 days following the initial transfer. On receiving the welcome bonus, you must leave your reward in your account for 72 hours. Withdrawing funds before this time frame will cause your bonus to be revoked.
Codes for Referral Bonuses
Users will also be eligible for a $50 BTC bonus for every person they refer to the lending and crypto wallet platform. Active users can avail of this opportunity for adding to their income exchequer. However, the person you refer must verify their account and deposit coins worth at least $400 following which both you and your referral with each get a bonus of $50. There is no upper ceiling on the number of persons you can refer to Celsius Network or the referral bonuses who can earn from the same. You can tap on the “Profile” button followed by “refer your friends” to find your referral code. This code can be shared with your friends and family.
Users are eligible to earn these additional bonuses by using these below-mentioned promo codes:
- Promo Code HODL10 allows users to receive $10 in BTC by transferring $100 or more of supported assets to their Celsius account. The funds need to be transferred within a month of activating the promo code. Once you have transferred $100 or more, you will have to maintain an account balance either equal to or more than your balance after completing the transfer. You can withdraw from your account after 30 days of completing the transfer. Doing otherwise can lead to disqualification from receiving the reward.
- Promo Code HODL50 allows users to receive $50 in BTC by transferring $400 or more of supported assets to their Celsius account. Here everything is similar to promo code HODL10 with the only difference being that you need to maintain a minimum account balance either equal to or greater than your balance after completing the transfer of $400.
- Promo Code HODL500 allows users to receive $500 in BTC by transferring $25000 or more of supported assets to their Celsius account. Users need to maintain a minimum account balance either equal to or greater than their balance after completing the transfer of $25000. You will be disqualified from receiving your reward on withdrawing from your account within 90 days of completing the transfer. On completion of 90 days, the rewards are distributed accordingly.
- Promo Code HODL2K allows users to receive $2000 in BTC by transferring $250,000 or more of supported assets to their Celsius account. Here everything is similar to promo code HODL500 with the only difference being that you need to maintain a minimum account balance either equal to or greater than your balance after completing the transfer of $250000 in your Celsius account.
- Promo Code CEL100 allows users to receive $100 in CEL by transferring $1000 or more in CEL to their Celsius account. The funds need to be transferred within a month of activating the promo code. Users need to maintain a minimum account balance either equal to or greater than your balance after completing your transfer of $1000. You will be disqualified from receiving your reward on withdrawing from your account within 180 days of completing the transfer. On completion of 180 days, the rewards are distributed accordingly. This promo code is valid for both new and existing users except the residents of the United States.
- Promo Code CEL750 allows users to receive $750 in CEL by transferring $10,000 or more in CEL to their Celsius account. Here everything is similar to promo code CEL100 with the only difference being that you need to maintain a minimum account balance either equal to or greater than your balance after completing the transfer of $10000 in your Celsius account.
- Promo Code CEL500 allows users to receive $5000 in CEL by transferring $100,000 or more in CEL to their Celsius account. Here everything is similar to promo code CEL100 with the only difference being that you need to maintain a minimum account balance either equal to or greater than your balance after completing the transfer of $100000 in your Celsius account.
- Promo Code AVAX20 allows users to receive $20 in AVAX by transferring $500 or more in AVAX to their Celsius account. The funds need to be transferred within a month of activating the promo code. Users need to maintain a minimum account balance either equal to or greater than your balance after completing your transfer of $500. You will be disqualified from receiving your reward on withdrawing from your account within 90 days of completing the transfer. On completion of 90 days, the rewards are distributed accordingly. This promo code is valid for both new and existing users.
- Promo Code AVAX150 allows users to receive $150 in AVAX by transferring $5000 or more in AVAX to their Celsius account. Here everything is similar to promo code AVAX20 with the only difference being that you need to maintain a minimum account balance either equal to or greater than your balance after completing the transfer of $5000 in your Celsius account.
- Promo Code AVAX600 allows users to receive $600 in AVAX by transferring $20,000 or more in AVAX to their Celsius account. The funds need to be transferred within a month of activating the promo code. Here you need to maintain a minimum account balance either equal to or greater than your balance after completing the transfer of $20,000 in your Celsius account. You will be disqualified from receiving your reward on withdrawing from your account within 180 days of completing the transfer. On completion of 180 days, the rewards are distributed accordingly. This promo code is valid for both new and existing users.
- Promo Code LUNA20 allows users to receive $20 in LUNA by transferring $500 or more in LUNA to their Celsius account. The funds need to be transferred within a month of activating the promo code. Here you need to maintain a minimum account balance either equal to or greater than your balance after completing the transfer of $500 in your Celsius account. You will be disqualified from receiving your reward on withdrawing from your account within 90 days of completing the transfer. On completion of 90 days, the rewards are distributed accordingly. This promo code is valid for both new and existing users.
- Promo Code LUNA150 allows users to receive $150 in LUNA by transferring $5000 or more in LUNA to their Celsius account. The funds need to be transferred within a month of activating the promo code. Here you need to maintain a minimum account balance either equal to or greater than your balance after completing the transfer of $5000 in your Celsius account. You will be disqualified from receiving your reward on withdrawing from your account within 180 days of completing the transfer. On completion of 180 days, the rewards are distributed accordingly. This promo code is valid for both new and existing users.
- Promo Code LUNA600 allows users to receive $600 in LUNA by transferring $20,000 or more in LUNA to their Celsius account. Here everything is similar to promo code LUNA150 with the only difference being that you need to maintain a minimum account balance either equal to or greater than your balance after completing the transfer of $20,000 in your Celsius account.
Celsius allows its users to earn interest on their crypto holdings up to 10% every week, borrow against it and pay on the blockchain. No fee is levied on the service by default or for early termination or withdrawal. Users can use both the referral and signup promotional code at the same time but in this case, higher cumulative money needs to be deposited for receiving both the bonuses. It is also required to complete the transaction in one go.