Celsius Wallet App Offers Interest and Loans for Your Cryptocurrency

Celsius Wallet App Offers Interest and Loans for Your Cryptocurrency
фото показано с : news.bitcoin.com

2019-5-4 14:50

With crypto markets rising, hodling seems to be a sound investment strategy once again. If you have coins you want to keep, you can earn some interest on your digital assets thanks to platforms such as Celsius Network. Its mobile wallet allows you to also use the cryptocurrency as collateral in case you need to borrow fiat cash instead of selling crypto.

Also read: How to Find a Crypto-Themed Template for Your Website

Earn 3% Annually on Your BCH Holdings

The Celsius Network wallet is available on Google Play and the App Store. You can deposit a number of major cryptocurrencies including bitcoin cash (BCH). The application tracks the top 10 digital coins in your portfolio and provides access to crypto-related news and statistics.

Users can earn interest on their cryptocurrency holdings, which is paid out weekly. BCH deposits will bring you 3% annually, according to current rates. These are subject to change based on demand and can reach over 7% on some stablecoins.

Celsius Network, whose slogan is “Unbank Yourself,” also offers you to borrow “dollars while they still exist,” using your crypto funds as collateral. At the moment, fiat loans in U.S. currency come at a 4.95% APR.

The app has a feature that allows you to calculate the loan you can receive against your digital assets. The amount is estimated based on your crypto portfolio and how long you’ve been part of the Celsius community.

Do you expect to see more platforms accepting cryptocurrency deposits and offering crypto-backed loans in the future? Share your thoughts in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any third party content, goods or services mentioned in this article.

Images courtesy of Shutterstock, Celsius Network.

Do you need a reliable Bitcoin mobile wallet to send, receive, and store your coins? Download one for free from us and then head to our Purchase Bitcoin page where you can quickly buy BCH and BTC with a credit card.

The post Celsius Wallet App Offers Interest and Loans for Your Cryptocurrency appeared first on Bitcoin News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin Interest (BCI) на Currencies.ru

$ 0 (-1.38%)
Объем 24H $0
Изменеия 24h: 0.44 %, 7d: 1.22 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.1225 (-100%)

your cryptocurrency celsius wallet interest app offers

your cryptocurrency → Результатов: 126


Фото:

Hackers hid malware in a fake trading app to steal your cryptocurrency

Security researchers have uncovered a knock-off cryptocurrency trading website designed to steal the funds of unwitting victims. Cybercriminals have created a website that imitates the Cryptohopper cryptocurrency trading platform to distribute malware that could steal personal information, hijack your clipboard, and crypto-jack your system, Bleeping Computer reports.

2019-6-6 16:16


Your Crypto Winter = Criminals’ Summer: Q1 2019 Crypto Thefts, Fraud Hit Whopping $1.2 Billion

By CCN. com: Even as the bearish conditions in the crypto markets persisted in this year’s first quarter, bad actors in the sector continued to thrive. According to cybersecurity firm CipherTrace, during the first quarter of the year, the amount that bad actors generated from stealing from bitcoin exchanges and operating cryptocurrrency scams reached $1.

2019-5-1 15:13


ПО Chainalysis будет отслеживать транзакции USDT и Binance Coin на предмет отмывания денег

Аналитический блокчейн-стартап Chainalysis сообщил, что начиная с сегодняшнего дня предлагаемый им инструмент отслеживания транзакций Chainalysis KYT (Know Your Transaction) поддерживает четыре дополнительные монеты.

2019-4-24 20:07


Фото:

Amazon Employees Listen to Alexa Conversations: 6 Ways to Make Your Echo Device More Private

Retail giant Amazon recently admitted that its employees listen to customer voice recordings from Alexa products as part of its method of improving its speech recognition. Users do have the option to prevent their recordings from being shared with Amazon employees in Alexa’s privacy settings, but they cannot opt out of voice recording.

2019-4-15 15:54


Chainalysis gives new solutions for FATF’s ‘Virtual Asset Service Providers’ recommendations

Decisions taken by regulatory authors have usually created a make or break situation for cryptocurrency companies in the short term or the long term. In a recent letter written to the Financial Action Task Force [FATF], Chainalysis, a cryptocurrency organization touched on the KYC-AML [Know Your Customer-Anti Money Laundering] recommendations given by the regulatory body.

2019-4-12 20:30


Фото:

Bit Bus Offers a Unique Trip to the Bitcoin 2019 Conference With Your Favorite Crypto Friends

The Bitcoin Conference is fast approaching, and the Bitcoin community in the United States is getting ready for a fantastic experience. The Crypto Bit Bus offers ticket holders a chance to join their “favorite crypto friends” on a round trip journey to the Bitcoin 2019 Conference, with the hope of making the experience a memorable […] Bit Bus Offers a Unique Trip to the Bitcoin 2019 Conference With Your Favorite Crypto Friends was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2019-4-11 14:59


Edge Non-Custodial Cryptocurrency Wallet and Exchange Partners with Simplex Payment Processor

Edge cryptocurrency wallet, formerly Airbitz, announced its partnership with Simplex payment processor to provide a direct channel to sell cryptocurrency to your Visa or MasterCard credit card. The beta of the “cash out” functionality is released only on iOS only at the moment with the Android version still in development. As cryptocurrency adoption rate gains […]

2019-4-10 18:44


Фото:

Mozilla rolls out new automated crypto-jacking filtering in Firefox

Popular browser solution Mozilla Firefox is finally rolling out its long-awaited system for stopping internet baddies from secretly mining cryptocurrencies with your computing resources. As of today, users of Firefox‘ Nightly and Beta browsers are equipped with the option to automatically block crypto-jacking scripts (like the infamous CoinHive).

2019-4-9 15:59