Pros and Cons: Earning Interest on your Cryptocurrency with Celsius Network

Updated August 3rd, 2021

Have you considered putting your idling crypto to work? Many choose to leave their beloved crypto on an exchange or wallet, letting their valuable coins collect digital dust — but what if you could increase your holdings while you HODL instead? If you’re anything like me, you’ve looked for opportunities to stack more sats on countless occasions.

That’s when I discovered Celsius Network where you can easily deposit your coins into their interest accounts and start earning passive income immediately with no fees or lock-up restrictions!

If you’d like a $50 BTC bonus, signup using code 1861129813 during registration. Deposit $400 and maintain the balance for 30 days to unlock your bonus!

So how do they do it? Celsius Network lends coins to hedge funds, exchanges, institutional traders, and by issuing asset-backed loans. Read more about how they are able to offer these rates HERE.

The beauty of their system is that it relies heavily on over-collateralized loans, meaning borrowers are required to provide collateral that is worth more than the loan they take out. This significantly reduces the risk…