How to earn passively, in a fairly safe way? You don't want to worry about the odds, just tradeing isn't for you? In that case, it is good to be interested in such solutions as proposed, among others, by Celcius.
What is CeFi?
CeFi mimics the current financial industry by enabling people to obtain interest or loans while using their cryptocurrencies as a form of collateral. Such services are offered by Celcius.
Okay, but how do you go about it, why is it safe and how much can you earn on it?
One by one, to get started, of course, we have to go through registration as usual. We can do this on their website celcius.network or with the phone app for iOS and Android.
After registration, in order to take full advantage of the service, we must go through KYC, i.e. Know your customer. It is a banking regulation that financial institutions must carry out to prevent money laundering, financial fraud, tax evasion and terrorist financing. To sum up, we must verify that we are us, and not some financial pillar or other suspicious type.
Once we go through the entire registration and verification process, we can start. We choose from the list of coins on which we can currently earn via Celcius and pay our funds to the account. We have a different interest rate on each coin per year, the reasons are different. Due to the demand and supply as well as the market cap of the project itself or even the amount of token in circulation, it all adds up to it.
Let's take bitcoin as an example, the currently offered percentage is 3.51 per year, which means that if we keep 1 btc on celcius for a year, we will get 0.0351 btc as our reward, unless we choose the Celcius token prizes then we will get the equivalent price in celcius tokens. But it is at your discretion in what you prefer to receive our remuneration.
We get the prizes every Monday, and we can withdraw our funds at any time in the same way as depositing. If you have any larger amounts of cryptocurrencies that you don't do anything with and don't plan on any time soon, this may be a good solution. Just remember that you take full responsibility for your funds, so make your own reaserch!
If you decide to use Celcius, I recommend that you enter my code when registering, 1471303e21 You will get $ 50 in btc if you deposit cryptocurrency worth $ 400 for Celcius and they will earn for you for at least 30 days. After this time, a $ 50 btc bonus will be added to you and me.
My last monday
