Celsius Lending Platform Review: Is it a good platform to earn interest on your crypto?
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Now, let’s get started.
Lending based on cryptocurrency is not new in the market. But celsius has certainly made it more convenient to do the same with its low interest charging policy. If you’re a crypto holder and are looking for an alternative to earn from your digital assets.
What is Celsius ?
Celsius is a lending platform for your crypto assets. It is based on the Blockchain system and provides you interest for investing your Crypto with them. It was founded in 2017 by Alex Mashinsky, Nuke Goldstein, and S. Daniel Leon. Celsius offers attractive interest rates for depositing crypto. It also facilitates borrowing against your crypto and sending or receiving cryptos on the same platform. One can deal among 30 verified cryptocurrencies. It is also often called a peer-to-peer lending platform.
Features of Celsius :
- Easy to use : With its app and easy KYC process, it becomes really easy to use the celsius platform. Anyone can use this app or navigate through it without much help or guidance. Any confusion or enquiry about the same can be solved by the team support or the YouTube video provided by Celsius.
- Track your deposits : With celsius, one can track their deposits, withdrawals, and the amount they’ve earned using celsius. This is easy and simple due to the convenience offered by the platform.
- Earn with ease : Don’t wait for your crypto prices to go high and sit on them until they do. Now just earn by holding cryptos. Deposit them with celsius and earn money with the attractive interests that they offer
- Withdrawing money : With celsius, withdrawing money against your digital assets is easier than you can imagine. There are no withdrawal fees.
- No minimum balance : You need $0 to have an account with celsius. There is no minimum balance that needs to be maintained.
CEL tokens are the native token for the celsius platform. It provides exclusive facilities to the holders of CEL tokens. It helps you get better interest rates, 2% cashback on transactions and priority over others for limited loans
How to open a Celsius account
The celsius account can be opened with its website or the mobile app. It needs a KYC verification but it also provides absolute security. The app can be downloaded from play store or apple store.
Overall review of Celsius Network
The Celsius app has been the first preference for every beginner as well as investors. It is safe, offers good interests, helps in lending with less rates, and also facilitates peer-to-peer lending. Overall, it’s a one stop platform for earning, lending or withdrawing your crypto assets.