Celsius Network is a cryptocurrency lending app that enables users to earn interest from company loans. They have several security measures:
- Using BitGo as their custodian company
- 100M worth of insurance for users' fund
- coins are stored in old storage
You can earn as high as 8% for your coins, including Bitcoin and various stable coins.
Advantage:
- No fees for withdrawal
- flexible term, you can withdraw your funds whenever you like
- interests are distributed in a weekly basis
Disadvantages:
- Needs KYC and 1 CEL balance to use the app
- Simple interest but not compound interest for now
You can download with this link to get $10 worth of BTC when you deposit $200:
https://celsiusnetwork.app.link/1656068a9e
Or enter this code in the app： 1656068a9e
With the promo codes below, you can get $80 when you deposit $500:
GAIN10
GAIN50
NEWHOME
I have used this app for three months are it's working pretty well, the interest rate has a weekly update according to the market conditions. Though Celsius Network is a legit business entity and has clear security measures to ensure the safety of the users' funds , please note that all cryptocurrency companies are still considered as startups and don't put all of your funds in it.