Celsius Wallet Review: The Very Best Project To Generate Money Passively
Introduction: Celsius Wallet Review
Similar to depositing money into a savings account, storing cryptocurrency funds in degrees Celsius will earn you interest on the assets you hold every week. The premise is relatively simple:
- You deposit cryptocurrency into the Celsius app.
- The company then loans those funds out to retail and institutional borrowers.
- Every Monday, you receive a payment of the revenue that Celsius gains from those loans and other activities. The Celsius team boasts a return of 80% of company revenue to users.
The functionality of the app expands far beyond simple interest payments, though.
On the other side of loans, they can also obtain loans through Celsius loans. By using cryptocurrency as collateral, you can withdraw cash (or stable currency) loans under a series of different conditions. Unlike most traditional loan services, Celsius loans do not require a credit check and will usually provide you with approval within a few minutes.
Although Celsius Network isn’t a wallet, per se, it includes the ability to send and receive supported cryptocurrency through CelPay.
(You can see wallets like Crypto.com)
CelPay doesn’t charge any transaction fees and enables you to send Crypto via a link, message, or directly in-app.
Is Celsius Wallet Safe To Use?
Yes, Celsius Wallet is safe for you to use.
Can You Make Money With The Celsius Wallet?
You can choose to receive these payments in a similar way or in CEL (Celsius’ native token).
Which Cryptocurrencies Are Available On The Platform?
Celsius Network pays out interest to a wide variety of cryptocurrencies. The options include (but aren’t limited to):
- Celsius Token (CEL)
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Bitcoin Cash (BCH)
- EOS (EOS)
- And many more to follow
You can also purchase BTC, ETH, XRP, BCH, LTC, USDT, and XLM directly in the app.
How Is Customer Support?
In the end, the decision and responsibility for the correct use of the Celsius network rests with you, and you alone. Compared with other cryptocurrency lending platforms, Celsius provides depositors and borrowers with the best interest rates in the industry.
As long as the principal amount is safe, any cryptocurrency holder will benefit from high-interest rates. For any investor, it is very attractive to earn more than 11% on stable currency deposits, especially in uncertain times. Celsius represents the leader in the portfolio of interest-bearing cryptocurrency accounts and lending platforms, and this category is the same as other legitimate participants (such as BlockFi).
Although Celsius technically owns your Crypto key and does not have the privileges of a traditional bank assurance legal deposit account, you can safely believe that with the company’s founder’s unassailable reputation so far, your cryptocurrency should be safe.
Ratings For Celsius Wallet
If you want to relax around your funds and separate your funds from the traditional financial system, Celsius Network is a perfect starting point for you.
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We give Celsius Network 4 out of 5 stars.