In 2023, the crypto market continues to thrive, with Bitcoin and other cryptocurrencies gaining immense popularity as financial assets. Among the top players in the crypto wallets lending market is Celsius Crypto Network, attracting thousands of investors worldwide. It’s a win-win platform where borrowers and lenders meet, offering lucrative interest rates for those lending their Bitcoin assets.
With the lowest fees and best rates, Celsius stands out in the industry, providing interest accounts and crypto loans. Borrowers can benefit too, as their borrowed BTC assets are invested in technology projects and decentralized finance, leading to high profits. Join the Celsius Network and be part of the crypto revolution!
Registration Address: 121 River Street, PH05, Hoboken, NJ 07030, США.
Official Website- https://celsius.network/
Contacts Email: firstname.lastname@example.org,
Phone: +1 201 824 2888
Headquarters – London, United Kingdom
Found in– 2017
Native Token– Yes
Listed Cryptocurrency– 40+ Crypto Asset
Supported Fiat Currencies-USD, EUR, AUD, CAD, and more
APY– Up to 17.78% APY
Customer Support– Contact Form & FAQ Support
Celsius Network Fees – No Charges for Services Used
Celsius Crypto Network is a leading blockchain-based cryptocurrency lending platform known for offering the best Bitcoin loans at excellent rates. Founded in 2017 by S. Daniel John, Alex Mashinsky, and Nuke Goldstein, the platform aims to provide instant access to crypto credit facilities and passive interest income. It has seen significant growth, raising nearly $100 million in investment funds. Celsius Network simplifies Bitcoin lending, making it accessible to people globally, and offers low rates on financial lending services. With the Celsius web and mobile apps, sending cryptocurrency has become quick and easy. It continues to thrive as a top player in the crypto lending space.
To use the Celsius Crypto Network mobile app, follow these steps:
The app is available for both iOS and Android users, and crypto traders can install it from their respective app stores to enjoy its benefits and potentially earn a bonus.
Celsius Network is a blockchain-based centralized lending platform that offers two main products:
These products provide users with flexible financial solutions, making Celsius Network a popular choice for both borrowers and investors seeking to earn passive income on their crypto assets.
Celsius Network Loan Example – Savings with CEL Tokens
Loan Amount: $1,000
Loan Term: 12 Months
Collateral: Bitcoin (0.0581 BTC)
Payment Type: USD coin/cash
Total Interest: 8.95%
Cost Per Month: $7.46
By choosing CEL tokens as the payment type, the interest rates decrease:
Total Interest: $62.70
Further decreasing the LTV to 25% paid in CEL results in much lower interest rates:
Total Interest: $7.00
Note that CEL’s value can fluctuate, so it’s essential to consider that. There are loan configurations with interest rates as low as 1%, and the minimum loan term for any loan is six months. Over 30 coins can be used as collateral, and Celsius may lend out your collateral to institutional investors. The loan approval process is instant, and there are no credit checks.
Celsius Network prioritizes risk management and ensures high-level security for its users’ data. The platform has obtained ISO/IEC 27001 security certification, providing users with a safe and secure environment for their cryptocurrency transactions and holdings.
The higher the number of CEL tokens you hold on the platform, the greater the yields and rewards you receive. However, it’s essential to consider the risk associated with HODLing CEL due to the volatile nature of the crypto market. Evaluate the advantages and disadvantages carefully before making any decisions.
Given the inherent volatility of the Celsius Crypto industry, it is crucial to carefully consider all aspects before using any platform. In the case of Celsius Network, with its substantial user base and promising prospects, it appears to be a legitimate and trustworthy option.
Yes, Celsius Network is considered safe and reliable for storing and holding cryptocurrencies. It was the first yield provider of crypto and currently holds over $10 billion in assets under management, making it one of the largest consumer-facing crypto yield providers. However, it’s essential to conduct your due diligence before using any financial platform, whether it deals with crypto or fiat.
Yes, the Celsius Network is regulated by the GMO Internet Group, a New York-based regulatory service, and is compliant with the Money Laundering Terrorist Financing and Transfer of Funds Regulations 2017 to prevent illegal activities like money laundering.
Yes, Celsius Network has smartphone and web-based applications that allow users to manage their crypto portfolios and earn compound rewards of up to 15% APY on various cryptocurrencies such as Bitcoin, Ethereum, and Tether. The app provides easy access to buying, sending, earning, and withdrawing tracked crypto.
To get in touch with Celsius Network’s customer service, you can use the contact numbers provided on their official website, which includes both UK and US numbers. Additionally, you can send a message through the Contact Us page on their website to reach their team for assistance.
Celsius Network is a good investment platform, especially for beginners seeking low-risk options for trading crypto and passive investors looking for safety. Its rising graph from January 1, 2021, to April 30, 2021, with a 200% increase, sets it apart from other digital asset lending platforms.
No, Celsius Network is not FDIC insured. Instead, the UK government regulates deposits on the platform, and insurance on Celsius digital assets is offered by Fireblocks and Prime Trust. FDIC insurance does not cover assets deployed by Celsius for generating interest rewards.