Celsius is a crypto lending platform that is acting in your best interest.

It is a peer to peer crypto lending company facilitating borrowing and lending for the people who needs it the most. For borrowers, there are low-interest rates, whereas, for the lender, there is a fair share of the income distribution.

Celsius believes that the world needs banking but doesn’t need a bank. So it has taken it upon itself to be that kind of service that provides banking services to the billions who have no financial playing field, but they do have their mobile phones.

Celsius is leveraging the power of blockchain and blockchain-based tokens to provide a just system that is built ground up by a team of competent people to take it to the masses.

Thus Celsius’s goal is to bring the next 100 million into crypto by providing them services that aren’t available to general masses via traditional financial institutes.

Celsius Network (invest and deposit 200 $ for a few days and you get $ 10 $ bonus!


Join Celsius Network using my referral code:

>>      195564e18f     <<

when sign up with this code, you earn $10 in BTC with your first deposit of $200 or more!

Anyone who requires cash loans can apply and get crypto-backed cash loans at a 4.95% annual rate. This is mainly for dollars and stablecoins like USDT, USDC, etc. So get guaranteed out cash or stablecoin loan against your BTC, ETH, XRP, BTG, and BCH at the lowest interest rates.

However, there is a minimum loan limit of $3000, meaning you need to collateralize crypto worth of $3000 to get a loan in cash or stablecoins from Celsius.

Further whatever you as a lender deposit on Celsius platform get loaned out to crypto hedge funds and crypto exchanges at a predetermined rate of interest. 80% of this interest charged is given back to you by Celsius since you have lent it and the remaining percentage Celsius takes.

This interest distribution is done weekly, and you can earn upto 7.5% by lending your ideal sitting cryptocurrencies to Celsius.

But the good thing is, one can earn interest on their any amount of deposit whether you have $1000 or $100 worth of crypto, you can very well earn interest on it using Celsius network which isn’t the case with other crypto lending platforms.

The cryptocurrencies that you have put in your cold storage could be earning upto 10% if you deposit them with the Celsius network. This is an age-old method applied by wall street veterans for making their existing money make more money for them.

Celsius makes it accessible to you, and it doesn’t matter how much crypto you have. Whatever the amount you ready to stake it at Celsius and get-go from the start to earn weekly interest (every Monday) in terms of stablecoins.

  • Borrow Cash [Cash loans]

If you are a borrower and you are a HODLer of cryptocurrencies, this is for you. Get cash or stablecoin loans at the lowest interest rates on your crypto collaterals. This is the best you can get and is also the best thing to do without selling your cryptocurrencies which might appreciate in the future.

  • CelPay

About CelPay I wasn’t able to find much info but as it looks like it is a wallet that allows you to transfer cryptocurrencies from one wallet to another for free.

But as I understand, this feature is only useable for people who are already on the CelPay app and when you transfer crypto from your wallet to another, Celcius just does the background accounting work.

However, not to miss this point that it is actually a full-fledged cryptocurrency wallet and additionally facilitates paying your fellow Celsians instantly without leaving the app.

  • FeeFree Lending Platform

This part is exciting, and I know this is hard to do because I have worked in the traditional mortgage industry for a year. There you have fees upon fees upon fees. There is an origination fee, underwriting fee, closing fee, fee & fee & what not !!

But at Celsius, there are no withdrawal fees, no deposit fees, no transaction fees, no early termination fees, no origination fees, no breathing fees making it the first fee-free crypto lending and borrowing platform which is the need of the hour.

No fees! No fees!!

  • Cel Token Utility

CEL token is purely a utility token designed to give you the best possible financial services in the cryptosphere. There are several utilities and benefits of holding and having CEL tokens, and some of them are:

CEL holders get upto 25% discount on their interest rates if they are borrowing from Celsius and maintaining a certain level of balance of CEL tokens. Also, CEL holders will get seniority in terms of getting dollar loans when the dollars become scarce.

As a lender, if you choose to get your weekly interest in CEL, you will receive up to 20%** more interest on all non-CEL deposits, and as CelPay user whenever you transact using the app, you will receive cashback upto 2% in CEL Tokens.


There are a plethora of reasons to choose Celsius over other crypto lending platforms and all the features that I have listed above advocates for Celsius in itself. But still here some of the top reasons for which I believe you should use Celsius before trying any other crypto lending site:

  • BitGo is their custodian, so your assets are safe with them as BitGo covers upto $100m for Celsius.
  • There are no hidden fees on Celsius. No origination fees, no early withdrawal or minimum balance fee, etc.
  • No penalty for early withdrawal or your deposit. You will earn interest for an exact number of days you kept your crypto with Celsius. So your money is always within your reach.
  • Interest rates on cash or stablecoin loans backed by your crypto are lowest in industry.
  • The team has a lofty goal of introducing crypto to 100 million users, which is a real goal and shows their seriousness.
  • CEL token has exclusive utilities, which is missing in other lending platforms.

Is Celsius Network Legit & Safe

Celsius has BitGo insurance, and all the assets are stored in a multisig wallet with BitGo. The coverage is upto $100 million against cyberattacks, thefts, or inside jobs.

Plus, Celsius has issued loans upto $1.2 billion to date and has 30,000+ active users of the product. Do you still need me to speak for its legitimacy and security !!

Write a comment

Comments: 7
  • #1

    Cointelegraph.com (Monday, 24 February 2020 19:54)

    Celsius Network reports to have more than doubled its interest payments in the three months since its last disclosure. This is one more signal of the continuous growth of the crypto lending industry, as decentralized finance (DeFi) operations attract more funds.

    As per its Feb. 20 report, Celsius paid over $11 million worth of Bitcoin (BTC), Ether (ETH) and other cryptocurrencies as total interest income. This is an increase of 120% from its $5 million figure reported on Nov. 12, 2019.

    The company is managing $730 million in customer deposits and loan collateral, which is an increase of 62% from the last report’s $450 million figure.

    The total value of outstanding loans has also increased by 46% since November, totaling $6.2 billion. This figure is counted in current BTC prices and is influenced by its price growth.

    The user count has also grown from 50,000 to 75,000 since November.

    Crypto lending growth
    The crypto lending industry as a whole has been on the rise. It is divided into companies providing loans in crypto, such as Celsius and BlockFi, and decentralized finance based on Ethereum.

    While both provide mostly the same services, DeFi uses smart contracts and blockchain oracles to power its lending activity.

    The amount of funds locked in DeFi has recently surpassed $1 billion. Most of them are locked as collateral with MakerDAO (MKR) as part of a mechanism to generate Dai (DAI), a decentralized U.S. dollar stablecoin.

    Celsius competitors such as BlockFi have also posted strong growth, showing that the lending industry is rapidly increasing its value.

    The growth does not come without its pains, as DeFi protocol bZx was recently hacked twice in the span of two days.

    Celsius developments
    The Celsius Network is continually expanding its feature set. It recently added an integration with Simplex to provide instant fiat on-ramps for its users. In January, it began offering compounding interest on users’ loans.

    Celsius CEO Alex Mashinsky often shares his thoughts on the industry. In December he criticized the centralization of social media, pointing to blockchain as a possible solution.

  • #2

    Celsius Blog (Friday, 10 April 2020 13:47)

    Celsius, the centralized lending and borrowing platform, has partnered with Chainlink to decentralize its price data.
    Celsius has a new partnership with Chainlink that appears to benefit both companies. Celsius will hold several million dollars worth of Chainlink’s crypto assets in its interest-bearing wallets. This means that Celsius is providing a secure treasury service to Chainlink, which is able to earn interest on its assets, as well as being able to borrow dollars if needed, without the need to sell assets. This is the same service available to both individuals and companies with a need to earn interest or borrow against their crypto assets without wanting to sell them.

    Alex Mashinsky, CEO of Celsius Network, confirmed that integrating Chainlink’s decentralized oracle technology is a key step in the move towards increasing the decentralization of Celsius.

    “Partnering with Chainlink helps solidify our mission to bring revolutionary financial services to millions around the world, in a fair, and transparent manner. Furthermore, we are pleased to provide treasury management for Chainlink, giving them secure custodial services and interest-bearing opportunities.”

    The oracle
    To begin the partnership, Celsius will integrate Chainlink’s decentralized price oracles to calculate interest payment amounts to its users in a more decentralized, transparent and secure approach that creates a smart contract audit trail of its lending operations. Celsius interest payments now rely on the increased security of a decentralized network of independent, security reviewed, and Sybil resistant Chainlink nodes.

    “Celsius have an experienced technical team of successful entrepreneurs,” said Sergey Nazarov Co-founder of Chainlink. “We are looking forward to helping Celsius achieve increased decentralization in their system, which will benefit both their overall security and their users’ overall interest payment returns over the long-term.”

    Chainlink has been busy working with a number of projects in the CeFi and DeFi space. It’s decentralized oracle network enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. After the price data and flash loan exploits in February, Chainlink’s oracles are part of the solution to price data manipulation attacks in the DeFi ecosystem.

  • #3

    Celsius Team (Wednesday, 03 June 2020 19:28)

    It has come to our attention that some of our users also have an account with BlockFi. As you likely have heard, hackers stole personal identifying information including emails and data that allowed hackers to SIM swap users phones and have a better chance to access Blockfi user accounts.
    If you have an account with Celsius and with BlockFi, please carefully read the following.

    We recommend you immediately activate two-factor authentication (2FA) on your Celsius account and update your password.
    Furthermore, you should place your account in “HODL Mode.” You can do this by navigating to your profile, selecting “Security,” and then slide the toggle to turn on HODL Mode.

    HODL Mode locks your account, preventing any withdrawals. You can read more about HODL Mode here.

    Stay safe and secure,

    Celsius Network

  • #4

    Celsius Blog (Thursday, 13 August 2020 19:40)

    Your Celsius wallet just got a whole lot more rewarding with the addition of 5 new staking coins! MATIC, LPT, KNC, SNX, and LINK are all now part of the Celsius suite with annual rates that are pretty.
    With a blended rate of staking rewards and annualized yield, you can pocket even more profit each week with rates up to 22.4% APY when you HODL your digital assets in the Celsius wallet!
    Transfer coins to your Celsius wallet at any time and start earning your fair share of the rewards with no minimum balance or maximum caps, no lockups, and no fees - guaranteed.

  • #5

    Celsius Blog (Tuesday, 10 November 2020 16:17)

    LONDON, Nov. 9, 2020 /PRNewswire/ -- Celsius, the industry-leading cryptocurrency rewards-earning platform, today announced it has surpassed over $2.2 billion worth of assets held under management. Earlier this year, Celsius became the first crypto platform to surpass $1 billion in total assets under management and has doubled its net crypto holdings in just six months.

    In one of the hardest years, the crypto-lending company has achieved massive growth and continues to be one of the fastest-growing companies in the industry. Other recent milestones for Celsius include:

    Over 215,000 active users worldwide
    Over $80 million in crypto rewards distributed to the Celsius community
    Cel token is up over 4,529% in the past year
    Celsius Balance sheet (excluding AUM) which includes cash and CEL tokens is now over $680m
    "Our incredible growth not just during the last year, but since Celsius was launched just over 2 years ago, proves that as we predicted, interest income is the new killer app for crypto," said Alex Mashinsky, CEO of Celsius. "We created the concept of earning yield on your digital assets in kind or with a native token and launched the DeFi revolution. Since then we have created more income for our customers than any one else in DeFi or CeFi, and we have no plans on slowing down any time soon."

    Celsius attributes its exponential growth to its community-centric model of acting in the best interest of the customer by providing up to 80% of its total revenue back to its customers. Through the Celsius wallet, customers can earn rewards on their crypto at rates up to 15% APY on over 40 cryptocurrencies paid out weekly. Users can also leverage their crypto as collateral to borrow dollars or stablecoins at the lowest rates in the industry, and can earn rewards in-kind or in CEL token.

    About Celsius
    Celsius addresses the financial needs of today's consumers worldwide through high yielding rewards and low-cost loans accessible via a mobile app. Built on the belief that financial services should only do what is in the best interests of the community, Celsius is a Blockchain-based marketplace platform where membership provides access to curated financial services that are not available through traditional financial institutions. Visit www.celsius.network.

  • #6

    Celsius Team (Friday, 19 March 2021 19:28)

    Hey Celsians!

    We're excited to share that there are two new ways to borrow instant cash against your CEL tokens!

    1. Borrow at 33% LTV �

    For a limited time, you can borrow dollars or stablecoins against CEL starting at 33% LTV! That means if you hold more than $1,500 in CEL, you're automatically approved for an instant loan against your coins!

    Offer valid for new loans only. Active loans against CEL are not eligible for refinancing at this time.

    2. Borrow against locked CEL �

    If you've purchased CEL through our OTC desk, your locked CEL balance is also eligible to collateralize your loan! Whether you’ve got one month or one year until your tokens unlock, you can borrow USD or stablecoins against your entire balance of CEL at any time!
    •No origination fees
    •No credit checks
    •Lowest rates, guaranteed

    Get started today in the borrow section of your Celsius app, or plan ahead with the Celsius Loan Calculator and find the terms that work for you best interest.

  • #7

    Celsius Team (Friday, 23 July 2021 14:04)

    As a valued Celsius customer, we are writing to inform you about updates to our Terms of Use and Privacy Policy which require your attention.

    The main changes to our Terms of Use include:
    •Your engagement will be with Celsius Network LLC, A Delaware company;

    •Your relationship with us will be subject to the governing laws of New York;

    •Disputes will be settled by arbitration;

    To review and accept these updates, log in to your Celsius account on mobile or desktop. These are not all of the changes in the updated documents, and you are requested to carefully read and make sure you understand the new terms.

    If you do not accept our updated Terms of Use and Privacy Policy by August 5, 2021, you will lose access to the services provided in the Celsius app, and withdrawals will only be processed by reaching out to our customer support team. You will continue to earn rewards as before, and any active loans will not be affected.

    If you do not accept by August 19, 2021, your account will no longer be eligible to earn rewards.

    You can always withdraw your funds at any time and without any fees, and you will still be able to accept the updates and regain normal access to your Celsius account.

    If you do not agree to the updated Terms of Use or Privacy Policy, please contact our support team at app@celsius.network to withdraw your funds and close your account.

    Reminder: Celsius will never ask you for confidential information such as passwords, private keys, seed phrases, or secret codes. You should store this information privately and securely and report any suspicious activity.