With Celsius you can earn crypto for just HODL’ing in your wallet. I found this app recently and staked some BTC. Currently it’s earning 6.2% interest per year. There are a nice bit of choices though with similar or better interest rates.
First things first, you won’t be getting 17% interest they advertise, at least for now. The closest thing to that available is roughly 14% for holding Synthetix.
That all being said this is a pretty neat wallet. The iOS app has a clean interface and is easy to use.
Interest is paid out weekly and if you happen to follow my referral link, we can both earn some crypto. The offer is contingent upon a transfer of a minimum of $400, and you HODL’ing for a total of 30 days. You can withdraw at any time.
Where does the money come from? This seems like the most popular question in crypto. They earn money by providing loans backed by crypto collateral. You are cut into the deal by providing liquidity.
A nice little side benefit is that they pay gas/fees when withdrawing funds. Looking at the state of ETH that could be a big deal.
Currently depending on your region, you can take out crypto based loans and if you’re a holder of the Celsius token you’ll get a reduced loan rate down to 1%.
The only big drawback I see at the moment is that if you’re purchasing crypto through their partners it may not be economically sound to purchase small amounts due to fees.
Seems like a no brainer to me.
Follow my referral link below and give it a try:
Join Celsius Network using my referral code 132996e702 when signing up and earn $50 in BTC with your first transfer of $400 or more! #UnbankYourself
Posted Using LeoFinance Beta
What's up STACKERS?
GOTTA KEEP STACKIN’.