Celsius Network Review: $50 Bonus & Earn 17.7% interest rates on crypto

About Celsius.Network

Introduction

Celsius.Network is a United Kingdom-based crypto lending platform that allows investors (holders of cryptocurrencies) to lend them in return for interest rates on their crypto. Let’s go into details in this Celsius Network Review.

Celsius offers a total of 41 lendable coins (stablecoins, crypto coins, tokens) with naturally the usual ones such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT).

Celsius is available in most countries including the United States.

Great! So we summarised the basics, let’s now jump in this Celsius.Network review.

How it works

The process is really simple. You simply need to open an account, deposit your crypto and the crypto will automatically generate weekly crypto dividends.

Download the mobile app and open an account:

First of all you’ll need to download their app and create an account. The app is available either on iOS or Android.

Send fundings

Once you have installed the app and created your account, simply deposit funds on your account, like you would do it with every usual crypto wallet (wire transfer, crypto transfer, credit card).

Generate passive crypto lending income

If you decide to invest with a crypto lending platform like Celsius.Network, then the lending process will be fully automated.

You will automatically earn dividends on your cryptocurrencies based on the coin you deposited.

In the image below of the Celsius.Network you’ll see that next to the name of each deposited crypto you can see a green number indicating the automatic yearly yield (e.g. for Bitcoin: 6.20% APY).

You will also be able to monitor and estimate the earning you are making per week and per year (also available in the image below).

Finally, you can decide to earn interests on your cryptos in two different cryptocurrencies: In your invested cryptocurrency (e.g. BTC, ETH, ….) or CEL token (CEL).

Celsius Network interest rates

Celsius.Network is in the Top 2 crypto lending platforms with the highest crypto interest rates. In addition to this Celsius Network review, you can read a full comparison of crypto lending platforms on our article: Best Crypto lending platforms.

Celsius offers between the highest lending returns on the market:

• Up to 17.7% APR on stable coins (average at 12.18%)
• Up to 6.35% APR on cryptos (average at 4.53%)

The image below summarises the main crypto lending rates.

As said before, you can decide to earn interests either in your invested crypto or in CEL token, knowing that if you select the CEL tokes, your returns will be higher by a maximum of 25% on most of the cryptocurrencies and stablecoins.

The table below summarises the yearly yield of lending per crypto, with the rate in column 1 of you decide to ear returns in CEL and column 2 in your lent currency.

To see the full table list of the 41 coins go on the Celsius website: Go to Celsius

Is Celsius.Network safe?

Company safety:

• Celsius.Network in one of the crypto lending companies that raised the biggest amount of capital through Venture Capitalists (professional funds investing in startup).
• Celsius has currently (2021) raised $93.98M to develop his future business (see source)
• Venture capitalists perform long due diligence processes to make sure what they are investing in is as safe as possible.

Crypto safety:

• Fireblocks and PrimeTrust (Celsius custodians) both provide insurance on digital assets held by Celsius.