Celsius Network offers you the chance to acquire easy revenue on your digital currency property, however, there are a couple of pieces of data about which you ought to know.
The main way to make money using Celsius Network is to collect interest on the shares held (Passive income). To participate, you only need to deposit cryptocurrency into Celsius wallet. After doing this, you will earn interest from your wallet every Monday.
You can choose to receive these payments in a similar way or in CEL (Celsius’ native token).
In addition to traditional cryptocurrency interests, Celsius Network also provides opportunities to earn interest in Gold.
However, the Celsius temperature is not XAUT, but ERC-20 tokens with gold support instead of actual gold.
The annual interest rate changes every week, and it also varies from coin to coin. However, they seem to be generally in the range of 3.00% to 11.00%. In addition, choosing to collect interest by CEL will bring you a higher return. It should be noted that “EEL in CEL” is currently not applicable to US users.
An important warning: Currently, Celsius Network does not provide any insurance on your deposits. So if the company falls victim to a hack, for instance, there is a possibility that you will lose your funds.