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. In addition you can get another $20 free with a promo code, bringing the total to $40 free.
Tip: buy the (stable)coins through the Crypto.com app (creditcard fees waived until the end of September!) 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
- Go to your profile in the app and choose 'Enter a promo code'. Enter this code:
- SUMMER - gives $20 free in BTC after depositing $200 and holding it for 30 days
- Deposit cryptocurrency (at least $200 to trigger the first $20, to get both deposit at least $400) I recommend depositing a stablecoin like USDC or TGBP 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 $40 bonus will be unlocked and you can withdraw your deposit and the bonus. On top you will also get the interest :)
Details of the promo code: https://imgur.com/a/4iLhMoB
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 I have succesfully withdrawn money from the app, PM me if you want more details :)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 June 30. 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 is 1 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.
- IMPORTANT: If you withdraw any ERC-20 token (such as USDC) from Celsius they'll send it from a smart contract, which Crypto.com and Bitpanda and some other exchanges don't accept. So what you'll need to do is send them first from Celsius to an intermediate wallet like Coinomi or Metamask (you can use their apps), and after that you can send from there to any exchange of your choosing.
