Friday, October 23, 2020

$20 free with Celsius Network interest earning app (use stablecoin for no price fluctuations)

Celsius Network is an app for earning interest on your cryptocurrencies up to 12%. You can also get around 8% interest on stablecoins. They are definitely legit, I and many others here already successfully completed this offer.

If you sign up using a referral link they now offer $20 free in BTC after you deposit the equivalent of $200 in cryptocurrencies on the app.

Tip: buy the (stable)coins through the Crypto.com app Also see my guide here

Steps:

  • Register using https://celsiusnetwork.app.link/165911893f or use code 165911893f in the app.
  • Verify your ID in the app
  • Deposit cryptocurrency (at least $200) I recommend depositing a stablecoin like USDC if you want no risk of the crypto going down in value. Note: deposit in one transaction, otherwise the bonuses will not be triggered.
  • After 30 days the $20 bonus will be unlocked and you can withdraw your deposit and the bonus. On top you will also get the interest :) Do not withdraw anything before the 30 day period is over, otherwise the bonus will be cancelled.

Let me know if you have any questions! I have succesfully withdrawn money from the app, PM me if you want more details :)

Extra info:

  • Although it is possible to buy some cryptocurrencies through the Celsius app, the fees for this are quite high and they don't offer the option to buy stablecoins, so I wouldn't recommend it. So my advice is to buy some stablecoins at the Crypto.com app, since they currently have no fees for purchases with a credit/debit card until the end of September. They offer USDC and other stablecoins and the process is quite easy through their app. Otherwise you could also use Coinbase or Bitpanda for example.
  • After you buy the stablecoins at one of the platforms mentioned above, you have to send it to your Celsius account. To send the stablecoins to Celsius, you need to get the deposit address for that specific coin in your Celsius app. You copy this address and enter it as the address to withdraw to in the platform where you bought the stablecoin, like the Crypto.com app. Transfers like this can take some time, but you'll see it appear in your Celsius app within an hour. The fee to withdraw USDC from Crypto.com has been increased unfortunately, it's 3 USDC.
  • When the bonuses are unlocked at Celsius (30 days after your deposit), you can withdraw your stablecoin that you deposited back to Crypto.com or another platform to convert it back to dollars/euros/pounds. The bonus is paid out in Bitcoin, so you'll have to do a seperate transfer for that. After they arrive in your Crypto.com app, you can convert both the bonus BTC and the stablecoin back to dollars/euros/pounds. You can withdraw them then to your bank account without any fees.


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