Celsius Network is a peer-to-peer lending company which allows users to earn interest on their crypto assets or get easy loans using crypto as collateral. The London based Fintech was founded in 2017 with the aim to replace traditional financial hierarchies with community powered financial model of cryptocurrencies and to disrupt the finance sphere through it. The company has so far raised $50M in funds.

Fast Facts:

  • Celsius Network is the first crypto lending platform which is profitable according to its CEO.
  • 80% of the platform’s profit is shared with the users and not the shareholders.
  • Assets of Celsius Network are insured by BitGo asset management for up to $100 million.
  • Celsius Network is growing with an average of 4.3% with 28 thousand active users May start.
  • There is no holding fee, no withdrawal fee, the whole model is essentially fee free.

Earn Interest: 

Similar to the traditional concepts of interest on fiat currency, Celsius Network allows its users to earn interest on their deposited digital assets. Users can earn upto 12% APY (Annual Percentage Yield) while retaining original assets. The company offers interest options on 24 cryptocurrencies which includes the big three (BTC, ETH, and XRP) and all interest is paid every week in your preferred currency. Unlike traditional banks, there is no minimum or maximum deposit limit of the assets and users can access 100% of their assets or make a withdrawal anytime without incurring any additional/penalty fee.

Following are 24 currencies that users can earn interest on:

CEL Token Bitcoin Ethereum Litecoin Ripple
OmiseGO Bitcoin Cash Ox Bitcoin Gold ZCash
Stellar DASH TrueUSD Gemini Dollar Multi-Collateral DAI
Paxos USD Coin Tether True Great Britain Pound True Australian Dollar
True Canadian Dollar True Hong Kong Dollar EOS Saga

Note: Due to difference in local/international policies, some currencies might not be available for certain users. To confirm if your preferred currency is available in your region, click here.

Users can also earn 35% more on their assets by receiving interest in CEL Token — an in-app utility token developed by Celsius Network. 

CEL Token:

CEL Token is a utility token developed by Celsius Network on Ethereum platform. It provides exclusive financial services to Celsius Network users which include lower interest, priority status in loan approvals as well as Celsius Network community membership. CEL Token Loyalty program has been established by Celsius Network which assigns categories to users depending on the ratio of CEL to other currencies in a wallet. 

Loyalty Status

The benefits of using CEL Token are as follows:

  • Users who register with Celsius Network and complete verification of their profile in the first year will receive one CEL Token.
  • Users with high HODL ratio (amount of CEL in wallet/amount withdrawn in CEL) will be given priority for loan issuance in the event of loan provision limitations.
  • Interest rates for users who pay interests in CEL Token are substantially low.
  • Increased interest earning for CEL Token users.
  • 1% cashback on BTC and ETH and 2% on CEL Token transactions monthly from their CelPay app. CelPay offers sending and receiving of multiple offered cryptocurrencies via unique link, text message, and between CelPay apps free of charge.
  • Premium services for top 100 users including dedicated hotlines for customer support, exclusive industry event invitations and meet-and-greets with Celsius Network teams.

CEL Token is currently available on 9 active markets such as Liquid, IDEX, Switcheo, HitBTC, and Totle. 

Get Loans:

Celsius Network also allows users to borrow loans in their preferred currency by using their deposited crypto assets as collateral. The loans start from the minimum of 1,000$ and 3.47% interest rate (APR). The standard term length for a loan is 6 or 12 months but users can terminate the loan and repay at any time they want. They can also renew or extend the term as they see fit. The interest rate is also adjustable with LTV (Loan to Value) amount and the more assets a user puts up for collateral, the lower the interest rate. Currently, Celsius Network offers loans against 7 currencies which are BTC, ETH, XRP, BCH, LTC, DASH, and EOS. To further facilitate users, Celsius Network offers upto 30% discount on interest payments if they pay through CEL Token.  

Unlike traditional financial institutions, Celsius Network does not require/analyse your previous credit history so it is especially useful for people who have bad-to-none credit history. Celsius Network also does not charge any fee for the loan request and provides instant approval of funds as soon as the collateral is submitted. 


Celsius Network is an attractive option for crypto users holding multiple currencies for long-term and are looking to either make additional money off their assets in the form of interest or want to get loans without selling their crypto assets. Existing users can earn $20 per new user by signing up with Celsius Network and sending out their own affiliate links.  

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