Another promo code for existing and new customers simply enter the code BTC before your 2k USD worth of BTC deposit.
The 2k needs to stay in your wallet for 30days.
Code USDT20 to earn $20 of USDT after transferring 2k USD worth of USDT.
These codes can be used with referral (below), first use code (WEB30 or WELCOME20) and TRUST.
yea not the highest but if you are actually transferring your cryptos to earn interest anyway (USDT minimal interest is 10.5%, BTC is 4.7%), might as well get extra plus the codes stack with the other codes.
celsius are paying 10.51% pa on stable coins, so $2000 in celsius will earn you $30 + $17.52 = $47.52 in one month
$2000 in an aussie bank paying a good interest rate (eg. ING at 1.35% pa) will earn you $2.25 in one month
I get 3% interest from westpac but still no where near 10.51%
Your interest rate with Westpac is higher than their home loan??? Or is this a term deposit locked in a while ago before all the rate cuts?
@tajid: My savings accrue 3% interest per annum because I’m aged between 18-29. Also no fees for me as I’m a student.. You can start anytime and it’s not locked in. All you need is a debit card and savings account and meet certain conditions
POP .
i hope so, need to buy back in after cashing out at $20k usd
Both BTC and usdt need to stay for 30 days or or just BTC?
Both, separately.
Lol this is not a deal, risk $2000 for $30. Odds your money is still there in 30 days is probably less than 1.5%
Have you looked up Celsius Network before making such claim?
It’s only risen 3600% this year….
I think his talking about USD which has lost significant value.
No, he is referring to your $2000 in Altcoin plummeting or the currency/CEL being dodgy
It's effectively a pyramid scheme. You encourage people to buy in driving up the price with promise of returns, the next person buys in and is promised returns, driving up the price.
Eventually the new people coming end and the whole thing comes crashing down
I'm into btc and xrp but I know and understand the risks
No it’s not, it’s no different then any other referral system. Coinbase, Coinspot, Binance they all have one. The value of CEL going up is the HODL of other coins inside the wallet. Celsius have billions of other altcoins stored in their wallets.
Coinbase even give away free coins for watching movies. I’ve gained about US$100 worth doing their quizzes.
Seeing the few recent BTC posts here, I'm getting curious. Anyone willing to share how one gets started with BTC? Also, is this a good place/app to start with BTC? Thanks
in australia coinjar is the easiest method. i then move bitcoin to binance for trading as they have far more options for trading.
what is the process with coinjar? Is it a straight buy from AUD, or do you buy BTC or something else first and then CEL? have been trying other methods currently not working.
I personally buy from BTCMarkets as their margins, fees and support are decent. Then transfer to Celsius so it earns interest (while hopefully gaining in value haha).
I like Coinspot so I guess there are a few places to get started. Just make sure they are legit, Google the exchanges before you buy. The purchase and withdrawal in AUD should be simple to do.
If your buying btc Gemini (active trader) (Requires citibank or similar to send by swift) or
https://ftx.com/ which has AUD deposits both free to withdraw.
BTC withdraw fees from an exchange can be high. Celsius does not charge any fees to withdraw.
No but you can’t cash in CEL easily. There are no CEL withdrawal fees but you then need to convert CEL to BTC/ETH which will cost 1-2% its value. Then you need to send that BTC/ETH to an exchange to withdrawal, that’ll cost gas fees. Then you need to convert BTC/ETH to AUD for withdrawal which an exchange will charge 1-2%.
Unless someone can tell me how to convert CEL to AUD in one step?
It's not the easiest. But, they're working on and going to be releasing an in app swap option. So, you should be able to withdraw straight back to a fiat offramp (i.e CDC, BTCmarkets, Coinspot, Coinjar, IR etc).
I do know that they've also submitted an application to have the ability to be a fiat on ramp in Australia. Alex was saying that he's not sure when that will be though. Hopefully not long. 👍
Now you can buy/sell CEL to USD on FTX.
Buy a hard wallet, ledger or similar.
Thanks for the input guys. Will check them all out later and make sure to do my research 😊 Happy New Year OzBargainers!
Might be stupid question but should we pay tax in Australia if we trade Crypto but don't cash out in $?
How about if we create account here in Celsius and use their investment? If I bring BTC to Celsius can I transfer it without any problem to other place?
Thanks
https://www.cointracker.io/blog/australia-cryptocurrency-tax…
I was reading this earlier, should help answering your tax questions.
You can transfer your BTC from Celsius to other wallets or exchanges (though if you want the bonuses from the codes, you normally need to keep for 30 days).
Thanks 😊
Celsius have monthly investment too? How much per months can earn?
Thanks again
Celsius sets interest rates weekly, the rates are compound rate. They pay every Monday (Tuesday for us)
Interest rates vary depending on the coins.
Hoping you can help clarify; is the interest earning part of Celsius, the staking part of the FAQ? So each time Celsius pays interest, that needs to be reported as income tax? Or do you only need to report to the ATO as CGT once you withdraw back into AUD?
Sorry not a tax accountant but from that link above: "Staking
Staking rewards are subject to income taxes.
Staking is similar to earning interest in your bank account. Just as you pay income taxes on the interest you earn in your bank, you’re subject to income tax on staking rewards from staking cryptocurrencies like Dash, NEO, and Tezos. You can leave these coins in your wallet and/or exchange that supports staking, and receive periodic payouts based on the amount of funds you stake."
Do you need to lock in the interest or does it just start once you add some coins
The latter.
What’s the easiest way to directly buy CEL, I know you can earn it as interest .
Simply answer. In their app you can do it with a debit card. Would I recommend it. Probably not as fees are killer. Alex knows this and has been proactively trying to get it down to a reasonable rate.
The BTC code doesn't seem to be working anymore but USDT20 is still fine. Thanks for sharing!
No worries :)
whopping 1.5%