• expired

US$20 BTC on US$20 Crypto Deposit New Members @ Celsius Network

1060
WELCOME20

New​ Promo for new Celsians, First Deposit bonus $20USD BTC for a low deposit of $20USD.

Hold in app for 30 days.

You can combine with some other promo codes on extra deposits

Zero withdrawal fees, no account keeping fees and you earn interest.

Any crypto supported in the App is fine.

Enter code in all caps.
Click Profile (Round circle in top right) > promo codes before first deposit

For Cel hodlers we are now at $5USD, absolute epic run from $0.13 Cents on my first post. That $10 free Cel is now worth over $384USD

Referral Links

Referral: random (486)

US$40 Worth of BTC on US$400 Crypto Deposit

Related Stores

Celsius Network
Celsius Network

closed Comments

                •  

                  @whooah1979: Was going to transfer Bitcoin from my CoinSpot wallet equivalent to $25USD but CoinSpot were going to charge me a fee of 0.0003BTC (US$8.51)! Is that usual?

                  •  

                    @rye: You should avoid tx then the USA is awake.

                    Use this link to time your tx fee.
                    https://txstreet.com/

                  •  

                    @rye: Gemini is cheaper if you have a citibank account, no withdrawal fees good for small buys. Use active trader mode to buy for low fees.

                  •  

                    @rye: yes, i got charged similarly for BTCMarkets

                  •  

                    @rye: Yes that seems to be the ballpark for BTC transfers (was 17 AUD ish from another exchange). I was just looking at some fees from another exchange, it seems like BCH, LTC, BSV, and ETC are some common coins that have <0.2 AUD transfer fees.

      • +2 votes

        Use coinspot search for it on ozbargin, they will give you $10 too.
        Luno too have promos here.

      • +1 vote

        You can buy CEL elsewhere and transfer it, will probably work out cheaper.

        Here's a list of markets you can buy it on: https://www.coingecko.com/en/coins/celsius-network-token#mar...
        . Liquid looks good, but has high withdrawal fees. Uniswap is probably your best bet, but make sure to check that ETH gas fees are low before you do it.

        Still definitely worth it, CEL has been pumping like crazy, and the platform is a great alternative to a savings account if you just want to dump stablecoins there for the interest. They support TAUD, pegged 1:1 with the AUD, earns up to 13.86%.

        •  

          Binance fee for Eth was 0.005, almost $5 Au, that can't be right can it?

          • +1 vote

            @Jessie Ryder: The ETH gas fee is set by the network miners and not Binance.

          • +1 vote

            @Jessie Ryder: Binance has lower trading fees but more expensive withdrawal fees

            Free withdrawals
            Gemini Active trader (requires swift deposits)

            ftx.com exchange is another that takes AUD deposits and is free to withdraw.

            Network fees are high for eth and btc atm. Celsius pays all fees when/if you withdraw

  • +1 vote

    I'm just laughing, I have been buying Bitcoin since 2013. Didn't buy into the property investment delusion. Kept buying during the bear market. Just hodl lol, I believe in the technology and the network.

    Let those property investors have their massive debts, its fine. lol

    •  

      You using those websites to get pastthetax obligations.

      Basically living off cc

      • +7 votes

        I pay my taxes, I don't want the ATO on my back. Bitcoin was $500USD when I first bought it. Even after taxes I can retire in comfort right now, so don't want to take the risk. Don't forget the 50% tax offset discount for long held (12 months) assets.

        With data matching, its very easy for the ATO to look at your bank accounts and ask where all that income comes from. Don't want the hassle.

    •  

      I have no regrets of my real estate investments that return me a cashflow and give me tax benefits.
      I did put 10% of my networth in cryptos which I expect to end up being 30-40% with growth in 2021 mania bull market.

      •  

        Crypto has cashflow and tax benefits (don't forget the 50% tax discount for long held assets applies to crypto as well).

        My point is, your returns would have been more with crypto. Not saying you can't profit from property investing, of course there are profits to be made there. Question is, how much and in how long.

        Depending on the coin, you'd be more than 40% up lol, that's nothing in cryptoworld haha.

        •  

          Well I like having my housing debt crystalised in a hyperinflation environment knowing other assets like cryptos will absorb the money printing pressure to pay off that loan faster. That's how the fiat debt system works and is being used by the central bankers ever since gold standard was abolished. I'm just doing the same thing on an individual basis.

          •  

            @mr_asstight: Yep, good that you are aware of that. Alot of people don't know that, they think fiat is king, not knowing that money printing is eroding the value of the fiat they hold.

            •  

              @techlead: Yes
              Savers are losers.
              Anything that's scarce, land, BTC, ETH, LTC, precious art, classic cars, gold, silver will do well.
              Covid is the perfect excuse to money print and initiate low interest rates. This won't be rolled back.
              I can't see stimulus being withdrawn until the 'covid plandemic' is over - if ever it's over.

              •  

                @mr_asstight: Not sure if ScoMo will follow the US's lead, but there will be at least another round of stimulus in the US. $600 possibly $2000 cheques going out soon. The money printer at the Fed is working over time, can hear the brrrr from here haha.

                Cash is trash, I try to keep as little of it as possible.

                • +1 vote

                  @techlead: If the AUD exchange rate goes up then RBA will have to follow with stimulus. $100bn of QE announced in Nov.
                  That's the start.
                  All countries are racing to devalue their currencies.
                  I don't think Aus is immune. I anticipate our purchasing power in fiat is going out the window along with everyone elses'. Bitcoin fixes this.

  •  

    I could not add coin, it said "Sorry! We apologize for any inconvinience, but due to local laws and regulations. We are unable to work with users from your region".
    I am in WA.

    • +1 vote

      Are you using a VPN?

      •  

        No VPN…Oppppps sorry might be I have not finished with my registration, let me do that first. thank you.

  •  

    DOT and CEL are not in BTCmarkets ?? is this "celsius an alternative to BTCMarkets" ?? I have been using btc lately so what are you guys using if not btc? m novice in all this so learning my way.
    I also came across Zebpay, but only accessible only via app i think; thoughts if anyone has used it ?

    •  

      Celsius is not an exchange. BTCMarkets is an Australian based exchange with a fiat onramp. So you use BTCMarkets or Independent Reserve to buy Crypto, eg Bitcon, ETH etc, then you withdraw the crypto to another exchange which has the altcoin you want to buy, for example, Binance, Kucoin, Bitmax etc.

      After you buy the altcoin you want, and if its supported by Celsius, you can then deposit into Celsius.

      •  

        aah…ok, so i buy from BTC and transfer to CEL and hold it here .. if i want to sell then i transfer from CEL to BTC and cycle continues ? fair assumption?

        •  

          Correct, and why sell I presume you mean sell for fiat (AUD)? If so, that's right, you withdraw from CEL to BTCmarkets to sell into AUD and withdraw it back into your bank account.

          •  

            @techlead: i m looking into BTC market to transfer to CEL or trying to get that code for my few cryptos but not able to pinpoint where it is.. anyone care to advise steps to move from BTC to CEL ? Apologies for this spoon-feeding exercise.. I apologies.

            • +1 vote

              @abhi900: Get Coinbase wallet. Then transfer whatever altcoin BTC, ETH etc etc. You can then add the Uniswap interface inside the wallet and swap from one to CEL. CEL will then be stored safely in your Coinbase wallet. You can then send it to the CEL wallet to earn interest if you want or just keep it in Coinbase wallet.

        •  

          Correct, send it to a Celsius wallet. Withdraw out to where you sent it from (or another external wallet), it's not selling. Your exchange may charge a fee but Celsius don't charge any fees, in or out, they absorb them themselves.

          •  

            @hen dawg: ohh i need a wallet first? never used a wallet before just all holdings are in BTC.

            What wallet do u all prefer ? celsius wallet ?

            • +1 vote

              @abhi900: I've not used BTCMarkets exchange but there will be some option to 'withdraw'. You 1st go into Celsius and select 'transfer coins' copy the long wallet address of whatever coin you are going to send. Then back on your exchange you start the withdraw process by entering the copied address.
              Once all security is done you patiently wait, it can take a little while.
              https://www.youtube.com/watch?v=o3e95dOgiJo&list=PLLjzjU2vvK...

              Do the promo code bit here 1st though, maybe you can also enter on sign up?: https://support.celsius.network/hc/en-us/articles/3600067668...

              •  

                @hen dawg: cool, waiting for my verification process to finalise.

                • +1 vote

                  @abhi900: Just so people are aware withdrawal fees for BTC can be higher than you think. On Binance it is 0.0005 BTC which is about A$17 or US$14.

                  So if you’re only going to deposit US$20, most of your promo bonus is going to get chewed up in withdrawal fees.

                  • +1 vote

                    @mogley: CoinSpot’s fee is 0.0003BTC to transfer out, so instead I loaded A$30 and purchased XRP. And transferred that to Celsius. CoinSpot’s fee to transfer XRP out is 1 (~A$0.29).

                    •  

                      @rye: Thanks for the tip. I applied the code and transferred $21 worth of crypto to Celcius and it's appearing in Celcius wallet now. So, just need to hold it for 30 days for the $20 bonus? Does it matter if they decreased in value (under $20) afterwards? And do we need to do anything to earn interest in Celcius or simply leave it in Celcius wallet will do?

                      •  

                        @choofa: That is what happens when people sell unregistered securities.

    • +3 votes

      Celsius is a savings account for crypto. It's not an exchange.
      I hold some TAUD which is 1-1 aud, cel, btc and eth, usdc 1-1 usd

  •  

    Sorry, noob here. Just signed up, how do i deposit? Is it 'buy coins'?

    • +2 votes

      Welcome to crypto! Read some other comments above, best to sign up to a crypo exchange, buy coins there and sent to Celsius. Extra step and sign up but avoids in-app credit card charges.
      For simple process, all via an app I can suggest https://crypto.com/en/index.html. Don't need the actual 'exchange' part, just via the phone app. You can PayID in with AUD to buy coins (maybe 1st transfer has to be BPAY)

      •  

        Hi hen dawg. I am also a newbie what is the best currency to buy from crypto to then transfer into Celsius? There are so many to choose from.

        •  

          If anyone knows the answer they'd be extremely rich haha and that would constitute financial advice.

          •  

            @tajid: Lol so any would I assume? As long as it’s the equivalent of $20 us to take advantage of this offer?

            • +1 vote

              @fozzie: USD $20 equiv of any coin, if in doubt just buy a bit more e.g. $50 of BTC or ETH, or if you prefer something pegged to the USD dollar try USDC.

              The interest rate on USDC is ~11%.
              The interest rate on BTC/ETH is about ~5% but both are much more volatile.

              USDC is the safe bet for starting out.

      •  

        noob as well here.
        so if i buy a crypto at crpyto.com using PayID from my AU bank account, i can then transfer it to Cel network?
        Is it the crypto.com the best exchange for AU-based people? Someone above said Gemini has no transfer/withdrawal fees ?
        how much will I get charged to transfer to Cel network from cypto.com?

        hodl for 30 days then I will get the bonus, right?
        How do you cash out from Cel network to my bank account? Will it be taxable?

    • +3 votes

      This is Celsius founder
      https://en.m.wikipedia.org/wiki/Alex_Mashinsky

      They are a custodian for over 3Billion in crypto assets.

    • +3 votes

      I'm surprised you're in crypto but haven't heard of Celsius. It's a Top 20/30 coin…

      •  

        Number 17 and almost in Top 15, maybe three more days to go?

      • +1 vote

        I haven't heard of it. There are many coins in the top 30 that I wouldn't touch.

    • +1 vote

      To me they're the most transparent, fair and trustworthy operation in the game!

      • +3 votes

        Sounds like the marketing has worked well. The website screams 'make money easy!' to me.

        •  

          We look beyond the website then, vast amounts of info around on them from own blog, youtube to countless interviews/articles, independent audits, community created websites, telegram etc

    • +1 vote

      You're not really 'in' crypto then

      • +1 vote

        I've been around since 2012, so yeah, I've seen my share of failures in the space.

        •  

          crypto IS a scam full stop. but it makes money so keep making money until it's not

          •  

            @mr_asstight: The ARPAnet took 43 years from zero to Zoom. Blockchain is already 12 years old (in 2 days) and will be on every smart device in half the time.

            •  

              @whooah1979: Yes yes I know it's still early

              •  

                @mr_asstight: I was wrong about ARPAnet. Year 0 was 1962 which makes it 49 years from zero to Zoom. Technology moves much faster now than did on those early days. 2021 should be an exciting year.

  •  

    hey awesome find OP!

    I know this might be a difficult question to answer but I was wondering how you guys go about managing tax?

    When I was creating my account it asked for a tax identification number?

    Any insights would be appreciated :)

    • +3 votes

      I can't give tax advice, Celsius is both loans and Savings. You don't need to sell to trigger that capital gains.

      You can hold TAUD which is 1-1 Aud, you can also earn in kind TAUD on TAUD at 10%> year.

      Celsius is opening an Office Australia next year

      • +1 vote

        I don't even know how they are even able to pay 10% on TAUD has to be part ponzi no?

        • +2 votes

          I have the same questions. Government bonds are selling for -0.1%. Savings accounts are paying 1.1%, and magic crypto is paying 10%? Where is the money coming from?

          • +2 votes

            @OzzyBrak: maybe when it comes to withdraws it doesn't work haha

          •  

            @OzzyBrak: Celsius explains on there YouTube, you can also ask in the ama or contact Alex directly.

        • +1 vote

          They loan out crypto coins as a collateralized loan, they make money loaning it out, they then pay 80% of the profits back in interest to savers. They also make profits with trading I believe.
          It's all legit and explained here, people are just too used to getting screwed by big bangs to realise there is a fairer way of handling money: https://celsiusnetwork.medium.com/what-we-do-how-we-do-it-9a...

          • +2 votes

            @hen dawg: I am sure it's all legit on paper like Bitconnect hahahahaha

          • +4 votes

            @hen dawg: From what I read there they loan at 1% and pay at 10%. It still doesn't make sense to me, and I am concerned by the whole big banks are ripping you off nonsense . The cash rate is .10%, online savings accounts are paying a bonus 1%, and the government guarantees your deposit up to 250K. For 100% guaranteed money with risk at almost zero, 1.1% is very reasonable in this market.

            When you take on more risk, you get more rewards. I just don't see where the income is coming from to support such high payout rates to people who are storing money on an exchange where they don't hold the keys. You basically give them your coins and hope they return them to you at some point. I wonder how a massive drop in BTC would impact them, what good is a billion dollars in loans if the collateral supporting it is now only worth 500 million?

            Do they have very low LVR? You put 20K value of BTC in trust on their exchange and their keys and they only lend you 4K fiat?

            •  

              @OzzyBrak:

              Do they have very low LVR? You put 20K value of BTC in trust on their exchange

              Yes, loans requires significantly more collateral.

            •  

              @OzzyBrak: From a quick read online I get the picture that the company doesn't reveal its operations (beyond admitting rehypothecation).

              If anyone trusted the company completely then it seems an easy target for arbitrage. On a risk scale of 1 to 100 for a million dollars I wonder how close to 100 this would be…

              • +1 vote

                @peterpeterpumpkin: Yes, and I get concerned that most 'answers' to these reasonable questions are 'read a reddit ama from the guy who runs it', or 'watch a youtube video', or 'you're stuck in the past old man, this is the future. enjoy your 0.5% on ETFs' etc.

                I think decentralised cryptographic currencies have merit as an electronic form of cash for sending value quickly and cheaply electronically, particularly across borders as sending money quickly and cheaply within Australia has already been solved with beam it and payid for the most part.

            •  

              @OzzyBrak: Yes it's hard to get head around but I've looked extensively into it am sold on it.
              The banking system always skims as much as possible off for itself and it's shareholders, screwing over the average person because they have effective monopoly and have been allowed to get away with it.
              The 0.10% cash rate is irrelevant for Celsius, that's used by the central bank to manipulate the economy.
              I won't try any more to change minds of sceptics. It's fine to keep your money 100% safe in a bank but with low interest rates and inflation it's basically going negative

              • +1 vote

                @hen dawg: Yes, each person has their own risk tolerances. My point is when the price falls and the money stops rolling in, I wonder how many people will be able to get their assets out. Honestly having 3 billion dollars sitting in your own wallet is a pretty big incentive to do a runner.

      •  

        Hey!

        Thanks for your reply! I was moreso referring to the savings. I would assume just like traditional banks where you accrue interest it's a taxable event, just like if you were to make any gains from Celsius interest?

        I'll look more into it and see if I can find some answers.

        •  

          Yes it will be taxable.

    • +1 vote

      You can leave your tax identification number empty. This is a US entity. You still need to declare gains in your tax return if you are using crypto for investing rather than personal use.

  • +2 votes

    so i can transfer any crypto and hold it for 30 days in Celsius and it qualifies?

    •  

      Yes over USD $20 worth.

    •  

      Yes any crypto they support, and earn a good interest rate while its with them. Interest is paid weekly on a Monday, based on the holding you had on the previous Friday.

  • +9 votes

    NOTE THAT YOU CAN COMBINE REFERRAL CODE & PROMO OFFERS

    • On the sign-up page, you can click to add a referral code (click the referral link above on the ozbargain website to get a random referral code).
    • After you have signed up (and before making a payment), you can add promo codes

    If you want to deposit USD $20, and get USD $20 BTC bonus:
    - Then you don't need to use a referral code. You can just use promo code: WELCOME20

    If you want to deposit USD $220, and get USD $40 BTC bonus:
    - Then use both a referral code and promo code: WELCOME20

    If you want to deposit USD $2220, and get USD $90 BTC bonus:
    - Then use both a referral code and promo codes: WELCOME20 & TRUST

    •  

      I will try this. I have joined using a random referral code. I will complete the KYC and deposit to try and get $90 BTC bonus.

    • +1 vote

      Or you can deposit $400 and use WELCOME30 and get $20 + $30 from WELCOME30 ($50)

      •  

        Does Welcome30 really exist and need $200 deposit instead (as opposed to $20 for Welcome20)?

  • -3 votes

    I looooooooooooooooooooooooooooooooooooooooooooove bitconnect

    https://www.youtube.com/watch?v=lCcwn6bGUtU

    •  

      But this isnt.

      •  

        It's understandable to think this way hopefully the projects in the pipeline help more with transparency. Also Celsius should have its Australian office up next year.

        •  

          yeah maybe i'll apply for a job

      •  

        ya I know just a joke

        I like Celsius and have crypto there

    •  

      Thanks for the lols. Hey hey hey, beeeetttccconnnnnnnnecttt!

      This is not Bitconnect though.

  •  

    4 hours and the profile verification is still not completed :-/

    •  

      Onfido handles kyc on boarding. Sometimes it does take awhile