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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 stablecoin loans at a range of different terms.
A comparison of interest rates Source: Celsius. And Leon has had an accomplished career as a social entrepreneur, serving as a leader at several organizations, including Atlis Labs, Beyon3D, and GroundLink.
You should note, however, that Celsius Network is a custodial wallet platform. So, the company keeps control of the keys for each of your cryptocurrency wallets.
Celsius Network gives you the opportunity to earn passive income on your cryptocurrency holdings, but there are a few bits of information of which you should be aware of.
The primary way to earn money with Celsius Network is by receiving interest payments on your holdings. To participate, you simply deposit cryptocurrency into a Celsius wallet.
Celsius Network offers competitive APRs on several cryptocurrencies. Beyond traditional crypto interest, Celsius Network also includes the opportunity to earn interest on gold.
The annual interest rates vary weekly as well as from coin to coin. However, they seem to generally be in the range of 3.
Additionally, choosing to receive your interest payments in CEL will net you a higher return. 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. Celsius Network pays out interest for a wide variety of cryptocurrency.
The Celsius app supports a wide variety of cryptocurrency. The Celsius Network website contains a dedicated Help Center that should answer any questions you may have.
It includes FAQs regarding deposits, withdrawals, and security, among several other topics. In the end, the decision and responsibility to properly use Celsius Network is up to you, and you alone.
Compared to other crypto loan platforms, Celsius offers some of the best interest rates in the industry — to both depositors and borrowers.
A list of the Celsius stablecoins and their APY. Source: Celsius. Altcoins - what are they and what role do they play in the cryptocurrency market?
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