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

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US$20 BTC on US$20 Crypto Deposit New Members @ Celsius Network
Go to Deal
shadowangel on 30/12/2020 - 05:53 celsius.network (2089 clicks)
Last edited 30/12/2020 - 12:04 by 1 other user
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

Financial Cryptocurrency

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closed Comments

  • mr_asstight on 30/12/2020 - 13:36
    +1

    Holy (profanity). My $40 CEL is worth $1100+

    • whooah1979 on 30/12/2020 - 13:49

      You should've bought $40 worth of VDHG which is up by 0.49% YTD, -0.78% 1Y and 14.56% 5Y.

      • mr_asstight on 30/12/2020 - 14:04

        Damn. Must feel rich holding VDHG

      • netjock on 30/12/2020 - 14:09

        Is your crypto held in a separate HIN?

    • shadowangel on 30/12/2020 - 13:53
      +1

      Missed opportunity for most people, also the $190 USD BTC at 8k both still going strong. CEL is now a top 20 coin with a 2Billion market cap

      • MOPAP on 30/12/2020 - 15:46

        I think there is still growth to happen. Needs to be listed on big exchanges and then will really climb in value.

        • mr_asstight on 30/12/2020 - 16:27

          Is the barrier due to a potential security?

        • whooah1979 on 30/12/2020 - 16:33

          CEX seldom list other CEX token. However, they do list DEX token.

  • netjock on 30/12/2020 - 14:13

    Front page.

    Returns 13.86% for Thether
    6.2% for Bitcoin
    7.2% for Ethereum

    Celsius makes money lending your crypto out and takes a cut of the interest.

    Well at what percentage interest are they charging? Given if they need to charge say 2% on top of those rates what kind of credit risk are these people they are lending your assets out to? Who is making those decisions on credit worthiness of those borrowers?

    • shadowangel on 30/12/2020 - 14:21

      It's requires significantly more collateral to loan. Celsius has published multiple articles and videos explaining everything so has there competitors.
      There are significant risks in crypto there's no denying that.

      • netjock on 30/12/2020 - 14:29

        Not poo pooing their idea. But if you have that much collateral. Say you can only loan 10% of your collateral. Which means you need to have $1m to borrow $100k of crypto.

        If you have $1m of assets that you can't sell, it is illiquid assets that is either hard to sell in a short time or there actually isn't much of a market for it.

        I've been investors in companies that loan against these illiquid assets with significant amount of equity (aka collateral) but when things go wrong you'd be lucky to recover your money simply because they could be of two things: hard to sell or there isn't much of a market for it.

        Also need to watch out that collateral hasn't been pledged twice to two different lenders.

        I assume the collateral isn't people's houses, if you consider you have an income it isn't hard to maintain a decent line of credit at a low interest rate. The only people that would pledge their house as collateral at double digit interest rates are ones that don't have positive cash flow, in that case the creditors are coming for them pretty quickly.

        Points to consider only.

        • plmko on 30/12/2020 - 14:38

          Sub-prime mortgage haha

  • Stopback on 30/12/2020 - 14:41

    It's asking for a captcha to deposit cash ..

  • brendanm on 30/12/2020 - 15:18

    Anyway to verify without providing passport?

  • MOPAP on 30/12/2020 - 15:45

    I have been using Celsius for over a year. I'm super happy with the service they offer. I cant recommend enough.

    • tajid on 30/12/2020 - 15:54
      +1

      Do you mainly just use them as a wallet? and earn interest?

      • MOPAP on 30/12/2020 - 18:55

        Yup, only that. I've been tempted to take a loan, keep my crypto in the hope it will outperform the loan interest, but haven't yet.

        • hanofee on 31/12/2020 - 01:27

          New to crypto. How do u earn interest with Celcius? Just leave them in Celcius wallet or do we need to take more action?

          • MOPAP on 31/12/2020 - 10:22

            @hanofee: Yup its really easy.

            1. Check what crypto they support and interest rate you'll get. (https://celsius.network/earn-rewards-on-your-crypto/)
            2. Open a Celsius account and do KYC
            3. Transfer to Celsius wallet. (You need to make sure you transfer to the right wallet - eg BTC to BTC wallet, ETH to ETH wallet)
            4. Choose if you want to be paid interest in the same currency or in Celsius (eg you deposit BTC you can be paid in BTC or Celsius, Celsius you get a higher rate. I've been getting Celsius and so happy cause its outperforming BTC)
            5. Smile.

            Other products are a pain, you keep having to go back and reinvest and they make it complicated. Here is just works. Your interest is paid into your account and compounds automatically. You can never log on for a year and it all just works and you keep getting interest.

            I really am so happy with them!

            Also when you do transfer out they don't charge you any fees.

            • blackwalnut on 05/01/2021 - 10:04

              @MOPAP: How are you doing the transfer into the Celsius Wallet?

  • benjabot on 30/12/2020 - 16:56
    +1

    I am slightly confused on how this works as they seem to pay you say 6.2% in rewards for owning Bitcoin.

    Can I purchase $1000 worth of BTC, then cash out for $2000 when/if BTC doubles in price as well as receiving the weekly rewards? Or is this purely just for the rewards?

    If you get both the rewards and the benefit of the increasing BTC price, I don't see why I should have a standalone BTC wallet, this offer seems much more beneficial.

    • whooah1979 on 30/12/2020 - 17:04
      +2

      I don't see why I should have a standalone BTC wallet, this offer seems much more beneficial.

      https://www.youtube.com/watch?v=gB4wrX2iICA

      • MOPAP on 31/12/2020 - 10:27

        It's like keeping your money in a bank vs under your mattress. If the bank goes under you could lose your investment. But keeping it with them you get interest.

        Smart people diversify, keep the keys for some earn interest on the rest. What the ratio is on based on your risk profile.

  • techlead on 30/12/2020 - 17:54
    +1

    Bitcoin just hit a new all time high of over $28.5k. woohoo!

    • shadowangel on 31/12/2020 - 10:31

      Reaching for 29k now.

      • whooah1979 on 31/12/2020 - 10:35

        The 🐂 want the big 30 before the 🎊 🎆 🍾 and then go for a swim. The 🐻 wants a dip now.

      • techlead on 31/12/2020 - 11:40

        Nice! All the property investors are like, it's going to zero haha.

        When Bitcoin went to $100, it's going to zero.
        When Bitcoin went to $1000, it's going to zero.
        When Bitcoin went to $10000, it's going to zero.

        Now on the cusp of $30000, it's going to crash haha.

        It's indisputable Bitcoin is one of the best investments of the last decade, denying that is denying reality. Investment properties didn't come close, unless you got the Federal government to pay you $30mil for land that's worth a small fraction because you are a liberal donor to build the second Sydney airport, apart from that, most property investors don't see any returns like Bitcoin at all. Not even in the same universe.

  • Arigato on 30/12/2020 - 18:51
    -1

    🌷🌷🌷

    • whooah1979 on 30/12/2020 - 19:24
      -1

      1 BTC is 9500 tulips, but the big difference is that people can't buy real estate, gold, luxury goods, etc, with tulips.

      • spychiatrist on 31/12/2020 - 02:30
        +1

        During those times they actually did

      • techlead on 31/12/2020 - 11:52
        -1

        Did you do any research on Tulipmania? People bought all sorts of assets including houses with tulips.

        Bitcoin is not tulips, not even close.

        • whooah1979 on 31/12/2020 - 12:04

          They did? I've to look into that. I hope I'm not too late for some sweet tulip gains. ;)

          • techlead on 31/12/2020 - 13:04

            @whooah1979: Haha, forget Tulips, buy an investment property, I heard "property always goes up", although the people who bought in 2017/2018 would indicate otherwise haha.

            • whooah1979 on 31/12/2020 - 13:22

              @techlead: Real estate sounds good. Let me go to the 🏧 and get $1m for that dream 🏡.

              • techlead on 31/12/2020 - 16:45

                @whooah1979: The bank owns your property, you own the debt. Enjoy! :D

    • techlead on 31/12/2020 - 11:54

      Haha, heard this argument many times. You know what are tulips and a ponzi scheme, investment properties.

      Bitcoin has been called tulips ever since its existence, did you know about the Tulip Trust? Its a real thing, Google it.

      Bitcoin has proven itself time and time again that its not like Tulips at all.

  • debjy on 30/12/2020 - 19:57

    Where do I get a referral code from?
    I am signing up via the phone app and have stopped at the screen that asks for one.
    Thanks!

    • h4lcyon on 30/12/2020 - 20:51
      +1

      Sent in PM

    • shadowangel on 31/12/2020 - 10:33

      Referal links above but it may not stack with this code with out additional deposits.

  • fez on 30/12/2020 - 20:32

    What’s the best platform to buy in and sell back out into AUD bank account?

    • h4lcyon on 30/12/2020 - 20:49
      +1

      Kraken, BTC Markets, Indepdendent Reserve, Crypto.com, Swyftx.

      I found Kraken to have the best prices, BTC Markets have the fastest on/off ramps (and are Australian based).

      • FlatulentFrank on 30/12/2020 - 23:35
        +1

        BTC Markets also leaked their clients name and emails via a rookie error only a few weeks ago. Also expensive to buy/withdraw with their fees.

        • h4lcyon on 31/12/2020 - 12:45

          Agreed, but they do have the fastest on/off ramps.

  • blackwalnut on 31/12/2020 - 09:31

    so is anyone buying crypto now? given the run of Bitcoin. Not asking for financial advice, just wondering what the experienced crypto investors are
    looking at.

    • whooah1979 on 31/12/2020 - 10:01

      No. Weak 🙌 should stay away and stick to something they're comfortable with like saving accounts, real estate, stocks, gift cards, 🔋, etc.

    • MOPAP on 31/12/2020 - 10:32

      I cant give advice. I personally am very bullish. I've been tracking it for a few years now. It is a rollercoaster and there is risk involved for sure.

      https://www.kitco.com/news/2020-12-29/Watch-out-for-this-ris…

      • choofa on 31/12/2020 - 10:46

        Those are some serious numbers, and I've also seen some very low numbers for predictions of a crash/correction that many are calling to happen very soon

        • whooah1979 on 31/12/2020 - 11:01

          The lower the better.

    • h4lcyon on 31/12/2020 - 12:47

      Crypto is more than just Bitcoin, you could start by buying TAUD (via crypto.com app) and put it Celsius for 11% p/a - that is 11x better than what you get in a bank account without the volatility.

      • mr_asstight on 31/12/2020 - 14:54

        SEC coming for Tether. Be careful.

        • h4lcyon on 31/12/2020 - 15:19

          Is your warning in regards to all stable coins or just Tether in particular?

        • whooah1979 on 31/12/2020 - 15:35

          The great thing about this technology is that it's designed to be permissionless and censorship resistant. The feds can waste as much taxpayers money as they want trying to stop it or they can work with the industry to help improve people's lives.

          They can regulate and restrict the use of USDT, but they can't stop the use of stablecoin. There are currently 37 known stablecoins. Shut one down today and two will be listed tomorrow.

          • shadowangel on 31/12/2020 - 16:00
            +1

            @whooah1979: The Tether and USDC can be frozen, it's happened before.

            • whooah1979 on 31/12/2020 - 16:26

              @shadowangel: Of course, they can. This is why decentralised tokens are so important.

            • techlead on 31/12/2020 - 17:03

              @shadowangel: It certainly has, that's why I'm very skeptical of Tether and other centralised stablecoins, I try to not hold much of them.

        • h4lcyon on 01/01/2021 - 16:31

          Just for clarity TAUD is not related to Tether, it is created and manage by Trust Token along with other stable coins like TUSD, TGBP etc.

          I completely agree Tether is at risk (and also the most widely used), if Tether is actually taken down it would cause an implosion to crypto in general.

          The ecosystem won't die, but it will suffer.

  • Ron Mitchell on 31/12/2020 - 20:57

    So glad I found Celsius in March this year. We got no support from the government. Useless. Lived on loans from Celsius. You can take loans against your assets, btc, eth, cell.
    At 1 percent interest. Now, we can buy a Tesla and have enough to live very well on. There aren't 100 000 active users, I hope it gets to 100 million in the next 10years. So we can create more than 100+ million ears as it has done already.

    • shadowangel on 31/12/2020 - 21:20

      Glad you did OK, this year has been difficult, crypto was a way out for so many.
      Celsius minted over 200 millionairs this year. Some of them can retire on interest alone.

      • mr_asstight on 02/01/2021 - 01:02

        Are there stats for this?

      • Telios on 04/01/2021 - 11:35

        I mean its not really Celsius that is minting anyone.

        The crypto currency they were holding did. Unless you are referring to the interest gains from Celsius putting them into millionaire status which is again a bit disingenuous.

  • ggmm2013123 on 05/01/2021 - 00:16
    +1

    Hi Guys, Jumping on coins after successfully venturing into the spaceship!! Kudos to fellow Ozbargainers.
    So I have gone through the comments - No point of direct credit to Cel.
    I would need to buy coins via

    crypto.com, Gemini or Ftx (not sure what will be the difference between those three)
    My initial aim is to buy worth of $220 (or little more to mitigate fluctuation risk) worth of coins
    and transfer it the cel

    Am I missing something?
    Which one to choose from crypto, Gemini or FTX

    • shadowangel on 07/01/2021 - 13:12

      Use FTX and Binance.
      FTX will take awhile to do kyc, however it's free to withdrawal which will save you $$ especially on coins like eth, cel, btc.

  • angelique008 on 06/01/2021 - 12:07

    I’ve deposited more than US$20 crypto but for some reason today this promo code is showing up as Cancelled. Anyone else’s showing the same?

    • shadowangel on 07/01/2021 - 20:12

      There was an email that went out today, as long as you didn't withdrawal it should be fine.

  • samehada on 07/01/2021 - 12:17

    Can anyone enlighten me how Celsius can pay 4+% on BTc and ETH? Who is borrowing this and what for? Most of ppl park the crypto there and if they borrow they will borrow fiat money not crypto.

    Even Binance paying interest on btc and eth but at a very low rate and they lend it to those who did margin trading. Celsius is not even operating any exchange so how on can it be sustainable for such interest on crypto like btc and eth??

    • whooah1979 on 07/01/2021 - 12:22

      The only thing customers need to know is that the borrowers are institutional clients.

      Customers can make up their own mind if they're happy with the potential gains. They shouldn't lend to CEL if their are not comfortable with the platform.

      • samehada on 07/01/2021 - 12:34

        but what do institutional client borrow crypto for? Do you have any possible scenario?

        • mr_asstight on 09/01/2021 - 01:14

          Exchanges, hedge funds etc

  • WillKillfor5Cents on 09/01/2021 - 16:33

    Which column do you guys enter your TFN into?

  • baskinghobo on 12/01/2021 - 06:38

    Is this deal still active?

    • tajid on 12/01/2021 - 09:22

      Seems not, you can still sign up with referrals and overtime they will release new codes.

    • shadowangel on 12/01/2021 - 10:55

      expired, the referral bonus and WEB30 is still going (they can not be stacked)
      There is also a $5BTC bonus x 8 for $100 in crypto deposits.

      • eli8te on 12/01/2021 - 18:11

        any codes still available that can be used if the WELCOME20 code has been used?
        Whats the code for the $5BTC bonus x 8 for $100 in crypto deposits.???

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