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!
Celsius Network: a DeFi company with excellent crypto services
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 Currencies||Some of the supported cryptocurrencies are: Etherium, Bitcoin, Dash, Bitcoin cash, Bitcoin SV, Litecoin, Zcash, XRP, Stellar Lumens, Dogecoin, and more!|
|Services||You can borrow CEL or cash and buy or earn crypto.|
|Interest Rate On Crypto||You can earn up to 17% APY on crypto.|
|Fees||Up to 3%. And there are no fees for loans or transfers.|
|Payment Methods||Bank transfer, debit or credit card, and ACH transfer.|
|Mobile app||Available for iOS and Android.|
How does Celsius Network work?
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.
You will be redirected to another website
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:
- 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.
- 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!
About the author / Victória Lourenço
Reviewed by / Aline Barbosa
Find the best cards even if you have fair credit
Our curated selection of the best credit cards for those with fair credit scores. Check our post and see which would fit you!Keep Reading
How to apply for the Gemini Credit Card?
If you need a card with no annual fee to help you with your crypto investments, read on to see how to apply for the Gemini Credit Card!Keep Reading
You may also like
Reflex® Platinum Mastercard® credit card review: is it worth it?
If you have bad credit, you know that it can be hard to find a card that is right for you. But don't worry, Reflex® Platinum Mastercard® can help you! Check out this review and learn how to use this product to rebuild your credit today.Keep Reading
Capital One Platinum Secured Credit Card review: is it worth it?
In today's article, you'll learn all about the Capital One Platinum Secured Credit Card. It's a great way to build or rebuild your credit, and you can increase your credit line!Keep Reading