Celsius Network is a crypto wallet that allows users to earn interest on their digital assets. One of the most popular digital assets supported by Celsius is Bitcoin. So, how much interest does Celsius pay on Bitcoin?
Celsius pays up to 10% interest on Bitcoin, depending on the amount of BTC deposited and the length of time it is held in the wallet. The interest is paid out in the form of CEL tokens, which can be redeemed for cash or used to pay for goods and services within the Celsius ecosystem.
While 10% interest may seem high, it is important to remember that Celsius does not charge any fees for its services. This means that all of the interest earned is pure profit for the user.
In addition to earning interest on their digital assets, users of Celsius Network can also take out loans using their crypto as collateral. Loans can be taken out in fiat currencies or other digital assets, and they come with very competitive interest rates.
So, if you are looking for a place to store your Bitcoin where you can also earn some extra income, Celsius Network is a great option. Not only will you earn interest on your BTC deposit, but you can also take out loans against it if you need some extra cash.