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#UnBankYourself: make great income with Celsius



Celsius (CEL) is an all-in-one banking and financial services platform for cryptocurrency users. Launched in June 2018, it offers rewards for depositing cryptocurrency, along with services such as loans and wallet-style payments. Users of the platform receive regular payouts and interest on their holdings. Celsius’ native token, CEL, performs a variety of internal functions, including boosting user payouts if used as the payment currency.


Celsius aims to outperform banks at their own game by offering financial services on the kind of terms that traditional financial institutions no longer offer. These include much higher rates of returns on savings and deposits, much easier and fairer loan requirements, and automated rewards computed for each user algorithmically. Penalties and bank-style fees are also waived.


The platform also functions as a wallet via its CelPay feature and hosts its own CEL token which users can leverage to increase payout value among other things.


The company also lends to institutional entities such as hedge funds. Payments are ensured because loans are asset-backed, and any borrower must supply more than 100% of what they borrow in the destination currency.


Similar to putting money in a savings account, storing (or "staking") cryptocurrency funds in Celsius earns you interest on your holdings each week. The premise is relatively simple:

  1. You deposit cryptocurrency into the Celsius app.

  2. The company then loans those funds out to retail and institutional borrowers.

  3. Every Monday, you receive a payment from the revenue that Celsius gains from those loans and other activities. Unlike banks, which may pay out as low as 1% of their profits to customers, the Celsius team boasts a return of 80% of company revenue to customers.

The functionality of the app expands far beyond simple interest payments, though.

On the other side of lending, loans are available through Celsius, as well. By putting up cryptocurrency as collateral, you can take out cash (or stable coin) loans at a range of different terms. Unlike most traditional loan services, Celsius loans don’t require a credit check and typically grant you an approval in minutes.


There are currently 7 leading cryptocurrencies available to purchase through the Celsius app including BTC, ETH, XRP, BCH, LTC, XLM, and Tether.


New coins are coming on board all the time, increasing the portfolio on which you can earn interest.

Current stakeable coins at Dec 2020 include: BTC, CEL, ETH, USDT, LINK, XRP, BAT, Zcash, LPT, EOS, DASH, BTC, BSV, LTC, XLM, OMG, TUSD, Gemini, Paxos (both Standard and Gold), USDC, DAI, 0x, TGBP, TAUD, THKD, ETC, BNB, KYB, SNX, UNIswap and UMA.


For those new to crypto, coins such as USDT, TUSD, TAUD, TGBP, THKD are called "stable coins" as they have low volatility and are fixed in value. These are a viable digital alternative to having your cash in a standard bank account and do not fluctuate in price.


For example, USDT and TUSD are always valued at US$1. TGBP are always one British Pound, THKD are always one Hong Kong dollar, TAUD is one Australian dollar, and CAD is one Canadian dollar. This means you could have $50 000 in cash and earn 5-10% interest without undue risk; your $50k would still hold the same value month after month.


How to buy Celsius Coin? Just click the Celsius link to download on your phone. You can also download via Play Store and App Store And follow the step by step show on the screen.

  1. Click join Celsius



2. Choose how to sign up for Celsius Wallet



3. Check your personal data and fill in the referral code 150028dfbe when signing up and earn $20 in BTC with your first deposit of $200 or more.



4. Choose buy coins to buy some cryptocurrencies. Anyone can deposit or transfer coins in to make interest, but you have to verify your identity before you can purchase any new coins



If you want to know more, we interviewed the Celsius BDM on video call.


Questions or issues? Please contact us. We would love to help you to #unbankyourself and start earning excellent rates of interest with Celsius.