New promo code for existing and new customers simply enter the code TRUST before your 2k USD deposit.
The 2k needs to stay in your wallet for 30days.
bonus If you have used the app previously, you can write a review of Celsius Network on Trust Pilot, Play store or Apple Store and send a message to [email protected] with the review link to claim an additonal $20USD BTC.
Likewise, Nexo hasn’t disappoint!
What's the best way to deposit USD to Celsius?
you can deposit TAUD if new to crypto. crypto.com you can payID in then buy TAUD
To deposit USDC, easiest is Binance withdraw on the ERC-20 chain to your Celsius USDC wallet.
TAUD the only fee you have is the withdraw fee from crypto.com.
On ramp with an Australian CEX. Then convert AUD > USDT/DAI/PAX/USDC/BUSD/TUSD > withdraw to CEL wallet.
The trust code isn't on the front page. A Web20 code for USD 20 in BTC is on the front page with the condition that they will đź”’ the funds for 30 days.
they don't publish codes often on there website. yes all codes require 30 day hold however funds are not locked. Also Referal can be stacked with the code above as long as you transfer $2200 or more. Referal is $20 USD
Do they still credit the full promo if the lender withdraw before 30 days?
no, if you withdraw more then the 2k needed the promo will cancel.
Can vouch for Celsius. They've paid every week if interest on time without failure. Yep. You get weekly paid you interest weekly.
Don't forget to ask your bank if they can do that!
And it's compounding interest. It's a fantastic system they have. I've got a feeling it'll take off even more in 2021
They've paid every week if interest on time without failure. Yep. You get weekly paid you interest weekly.
Many Dapps pay APY per second and the private keys never leaves the lender’s wallet. CEX should only be used for two things. On/off ramp and the occasional yield farming.
per block.
And the smart contract risk is pretty big, unless you're using nexus mutual to insure.
You just lost people with a whole lot of jargon. Celsius just keep it simple.
Does this stack with USDC20 ?
yes, if your a new customer you can stack with the referal as well.
Is this a lending service? So there is a risk that you won’t get your money back? Or might have to wait some time?
Celsius is a Crypto lending/loan service. Yes there is risks, you need to hold the deposit for 30 days to claim your reward. you can however withdraw at anytime. (it will just cancel the promo code)
Please note that if Celsius goes under, you may or may not get your money back.
https://support.celsius.network/hc/en-us/articles/3600021747…
What happens to my coins if Celsius gets hacked and my coins are lost? How will I be reimbursed?
Although Celsius takes precautionary measures to protect against cyber threats, circumstances may arise where losses or damages incur. In that event, we will use our balance sheet to cover damages. If the losses exceed our balance sheet, we will use Eligible Digital Assets to absorb the remaining losses.
Please review our Terms of Use for more details.
the primary concern for lenders is counter party risk, myCred.io is a recent example of this. This is not insured. Hacks are insured from Celsius side including from staff though there primary custodian fireblocks.
Hacks on your side by not securing your account will be your responsibilty, Celsius has many security features to help secure your account and delay an attacker. White listing, Hodl mode, 2FA . Use a strong password and a secure email address (Protonmail, Tutanota).
In this business model you are the lender and Celsius is the counterparty. They hold the keys to your crypto. They getting hacked is your risk.
It says that if they get hacked, they will cover it from their company reserves (balance sheet). If the losses exceed company reserves then they will file for bankruptcy protection and your money is as good as gone.
You can be certain that they founders will make sure they pay themselves handsomely and keep the company reserves low.
Also of course the company’s founders can just abruptly make off with your holdings and disappear. Also known as an exit scam.
You just lost people with a whole lot of jargon. Celsius just keep it simple.
Digging a little further into the Celsius business model, apparently they lend your crypto to hedge funds and institutional clients because they apparently can’t borrow from traditional banks for crypto. Last I checked hedge funds have high net worth investors for that.
However I can’t find a client list or even the name of one single institutional borrowing client.
Furthermore how can Celsius offer such a high APY on the Celsius coin when institutional demand to borrow a coin outside of the top 10 coins for market making or arbitrage would be extremely low.
Queue x-files music.
@john_conner: Head of institutional lending at Celsius Network, Jessica Khater (24 years old) manages a book of $300 million in bitcoin assets that have resulted in $2.2 billion in loans. After being hired as a marketing assistant by Celsius Network, she quickly proved herself as much more by helping build the bitcoin lending firm's back office.
https://www.forbes.com/profile/jessica-khater/?sh=4e7597a872…
she looks nice. we can trust her. x-files music intensifies.
As long as the BTC keeps bullish your money's safe, else if it goes below $6000 and stay there for 10 months,
then all those crypto ponzi scheme hype like Celsius, crypto.com, Nexo etc go bankruptcy and your money are gone.
Because at the moment they don't make money at all other than rely on the crypto market value goes up.
They don't even bother to setup any fake shell company as borrowing clients or disclose any thing
if it goes below $6000 and stay there for 10 months,
Any asset that drops 70% is a once in a lifetime buying opportunity.
Buy the dip.
BTC has done this many times so it is not once in a lifetime
It's not like we can go back to June 2011. Dips are getting smaller and smaller every time. A 70% dip in the current bull market would be a great buy.
I'd go *Sign up now with the promo code WEB20 to get $20 in Bitcoin after transferring $200 or more in crypto to your Celsius wallet and holding for 30 days.
instead of deposit $2000 USD for $50, not worth the risk.
everyone has there own risk level, i started with $200USD as well. You can also use a referral code from the links .
Celsius Network founder gifts wife 15 million CEL tokens
Alex Mashinsky has gifted his wife Krissy 15 million CEL tokens worth $20 million for her birthday. trying to cash out/move funds out
pfff. Old news.
Try to FUD a bit harder.
https://www.bitcoininsider.org/article/96645/celsius-network…
2:17 AM · Oct 26, 2020
https://twitter.com/Mashinsky/status/1320384030819450880?ref…
Yes its old news.
Not trying to FUD.
I only provide information and suggestions on risk management.
People only FUD themselves.
You have a brain to believe the thing you want and trust the people you want.
No one ask you to do anything.
It may be a tax avoidance move and legal under the US tax law.
https://www.bitcoininsider.org/article/96645/celsius-network…
The move seems a little unusual, as under marital law (unless there is a prenuptial agreement) she is entitled to half of Mashinsky’s assets anyway.
https://www.forbes.com/sites/kellyphillipserb/2019/10/09/irs…
If you receive virtual currency as a gift, you will not immediately recognize income. You will only recognize income when you sell, exchange, or otherwise dispose of the virtual currency. For purposes of determining whether you have a gain, your basis is equal to the donor's basis (meaning the cost attributed to the person making the gift), plus any gift tax the donor paid on the gift.
@whooah1979: I'm not accountant nor knowing how that works, but maybe if the company go underwater, the wife's part has became out of the reach by the creditors?
'under marital law (unless there is a prenuptial agreement) she is entitled to half of Mashinsky’s assets anyway' only when the company acheive success?
@whooah1979: This was a gift to his wife, they both then gifted to there children in a Trust. It was to reduce taxes, he did explain this in the AMA.
Love Celsius
Bought ICO, sold a maybe a month ago. Lending schemes in crypto make me nervous.
This is the very thing blocking the blockchain and crypto's adoptation, preventing the BTC to go 30K 50K next year.
Too many scams, you want freedom, then there is also no audit no transparency.
You want to take very high APY back home, but the scammers will take your whole principal back to his.
I'm not saying Celsius is scam, just be careful.
They are working on an on chain project to help with transparency. chainalysis recently did an Audit to confirm there assets. There UK entity needs to report every so many years.
They are also currently setting up an Australian office.
Noob question - how do you find review link on Apple App Store and send it to them?
If there is no share link make a screen shot and email that.
Would this work with 2 x 1000 USD transfers, instead of a single 2000 USD transfer?
yes TRUST does stack with other promos but you will need to qualify for both codes.
You can make multiple deposits 2x $1k plus for trust is fine.
Celsius and Nexo, easy way to earn savings compared to your crappy bank account.
Nexo is also doing x3 rewards for this month.
Nexo token has been pumping hard I think up 100% in a month or something. So my interest rate has been crazy as I choose to receive them in the form of nexo not USD.