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Celsius Network full review: is it good and safe?

Read our Celsius Network review for more information about this DeFi company. So you can invest wisely, we show you its fees and security!

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by Victória Lourenço

Published on 03/15/2022

Celsius Network: a DeFi company with excellent crypto services

Learn more about this DeFi company in our Celsius Network review! Source: The Mister Finance
Learn more about this DeFi company in our Celsius Network review! Source: The Mister Finance

If you’re thinking about investing in cryptocurrencies, you may have heard of Celsius Network. In this blog post, we’ll give you a full review of the platform so you can decide if it’s right for you. We’ll cover everything from its features and safety to its fees. By the end, you should have a good idea of whether or not Celsius Network is a good fit for your needs. Therefore, keep reading our Celsius Network review to know more!

Supported CurrenciesSome of the supported cryptocurrencies are: Etherium, Bitcoin, Dash, Bitcoin cash, Bitcoin SV, Litecoin, Zcash, XRP, Stellar Lumens, Dogecoin, and more!
ServicesYou can borrow CEL or cash and buy or earn crypto.
Interest Rate On CryptoYou can earn up to 17% APY on crypto.
FeesUp to 3%. And there are no fees for loans or transfers.
Payment MethodsBank transfer, debit or credit card, and ACH transfer.
Mobile appAvailable for iOS and Android.
Printscreen of the Celsius Network website

How to join the Celsius Network?

Curious about cryptocurrencies and DeFi companies? Want to join Celsius Network and open an account? Find out how here!

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How to join the Celsius Network?

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How does Celsius Network work?

Learn how the Celsius Network works! Source: Unsplash
Learn how the Celsius Network works! Source: Unsplash

Celsius Network is a DeFi (decentralized finance) platform. They also provide crypto lending, borrowing, and earning services. You can also earn weekly interest on your money invested. But you must know how it works: you deposit cryptocurrency into the Celsius app, and the company lends it to borrowers. Then you get a weekly payment from the loan gains.

Plus, Celsius informs an 80% return of company revenue to its users. Also, you can make loans through Celsius. And this works by you putting your cryptocurrency and taking out cash in return. The terms for these loans vary according to your situation and loan type.

Celsius Network benefits

As you can see, Celsius offers many benefits to its clients. The benefits include a wide range of services related to cryptocurrencies, loans, investments, and more. However, everything has downsides, so check out our list below with the pros and cons of Celsius Network:

Pros

  • You can manage your account through a great mobile app.
  • There are no origination fees for loans or transfers and no minimum balances fees.
  • Celsius offers a handful of DeFi services.

Cons

  • There could be more coins and token types available.
  • If you are a US resident, you don’t have access o the CEL token.

Should you join Celsius Network?

You should thoroughly research this Network before deciding to join it. But Celsius has some of the best interest rates in the market. There are also many cryptocurrency services available. So, if you want to store all your crypto, Celsius may be the best option.

Can anyone open an account?

The Celsius Network has some restrictions regarding location. For example, the website informs that it is available in more than 150 countries. Plus, the CEL token is not available for US residents to purchase. So, anyone can open an account, but you need to check which services are available in your location.

How to open a Celsius Network account?

You can easily open a Celsius account online. Just remember to check if the services you need are available in your location before completing your application process. If you want to know more about applying for the Celsius Network, read our post below explaining everything!

Celsius Network logo

How to join Celsius Network?

Curious about cryptocurrencies and DeFi companies? Want to join Celsius Network and open an account? Find out how here!

Keep Reading
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How to join Celsius Network?

You will remain in the same website

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

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We are an independent, objective, advertising-supported content publisher website. In order to support our ability to provide free content to our users, the recommendations that appear on our site might be from companies from which we receive affiliate compensation. Such compensation may impact how, where and in which order offers appear on our site. Other factors such as our own proprietary algorithms and first party data may also affect how and where products/offers are placed. We do not include all currently available financial or credit offers in the market in our website.

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Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved, or otherwise endorsed by any of the entities included within the post. That said, the compensation we receive from our affiliate partners does not influence the recommendations or advice our team of writers provides in our articles or otherwise impact any of the content on this website. While we work hard to provide accurate and up to date information that we believe our users will find relevant, we cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof.

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