Investing (US)

Celsius crypto review: how does it work? Get Started With Celsius Today!

Celsius is entitled as the home for crypto. If you are interested in passive income, you should take a look at this article to learn how this platform works.

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by Aline Augusto

Published on 05/28/2022

Celsius: the home for crypto is here!

Check out how Celsius works! Source: Celsius Network.
Check out how Celsius works! Source: Celsius Network.

Celsius is a DeFi or decentralized finance platform that provides services focusing on loaning, staking, and lending. It also gives rewards and promotions as soon as you sign up and transfer funds to the platform. So, it can be a good choice for those who are looking for passive income. In addition, Celsius doesn’t charge any transfer fees, origination fees, holding, withdrawal, or gas fees whatsoever. Curious about the platform? Read our Celsius crypto review to learn more.

how to buy Celsius coin

How to buy and make money online through Celsius?

Celsius is an awarded platform that lets you buy, borrow, swap, and earn crypto. Learn how to get started with it.

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How does Celsius work?

Keep reading our Celsius crypto review. Source: AdobeStock.
Keep reading our Celsius crypto review. Source: AdobeStock.

Celsius is a platform for individuals and businesses, and it provides services for those who want to buy crypto, hold, swap, borrow, and earn.

It is a terrific choice for those who search for passive income. Nowadays, the company claims to have 1.7 million people using its platform.

Besides the fact it offers promotion codes for new users, this DeFi service allows you to earn up to 17% APY depending on the cryptocurrency you hold.

Also, it has its own token (CEL) that allows you to earn higher rewards rates and discounts on loan rates.

However, unfortunately, the token is not available for everyone in the U.S., only eligible investors and international-based users.

The borrowing service is also fantastic. You can enjoy its low-interest rate offered, which starts at 1% APR.

The loans are easy to get in only four steps, and it supports more than 40 cryptocurrencies as collateral. 

Using the platform via web or mobile app, you can also buy, hold, and swap crypto, although the trading function is not as robust as other services.

Furthermore, Celsius doesn’t charge any fees for transfers, loan origination, gas, withdrawal, or minimum balances.

The app is safe and easy to use. And the CelPay task allows you to receive or send payments directly through the app.

Pros

  • Best for those who want to earn APY or borrow with low APR;
  • A fantastic and easy-to-use platform for web and mobile devices;
  • It offers promotions;
  • It supports more than 40 cryptocurrencies.
  • Also, it doesn’t charge any transfer, origination, holding, withdrawal, or gas fees;
  • It is an awarded company;
  • The app is safe;
  • The CEL token provides higher earnings and lower interest rates;
  • The platform is amazing for beginners and those who want to earn passive income.

Cons

  • The CEL token is not available for some U.S. users;
  • The platform is not that robust for traders;
  • The platform controls your assets.

Should you start investing in cryptocurrency through Celsius? 

Celsius is definitely a fantastic choice if you are a beginner or an investor looking to earn a high yield on cryptocurrency or even pay a lower interest rate for borrowing. Check out how to get started with it!

how to buy Celsius coin

How to buy and make money online through Celsius?

Celsius is an awarded platform that lets you buy, borrow, swap, and earn crypto. Learn how to get started with it.

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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