Celsius Wallet App Offers Interest and Loans for Your Cryptocurrency

Celsius Wallet App Offers Interest and Loans for Your Cryptocurrency 1

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 Wallet App Offers Interest and Loans for Your Cryptocurrency

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.

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App, bitcoin cash, Celsius Network, crypto, Cryptocurrency, deposits, Dollars, Fiat, loans, The Daily Tip, Wallet
Celsius Wallet App Offers Interest and Loans for Your Cryptocurrency 2
Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Bulgaria, which sometimes finds itself at the forefront of advances it cannot easily afford. Quoting Hitchens, he says: ”Being a writer is what I am, rather than what I do.“ International politics and economics are two other sources of inspiration.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

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bitcoin
Bitcoin (BTC) $ 61,232.00
ethereum
Ethereum (ETH) $ 4,237.02
binance-coin
Binance Coin (BNB) $ 489.45
tether
Tether (USDT) $ 0.999256
cardano
Cardano (ADA) $ 2.00
solana
Solana (SOL) $ 198.10
xrp
XRP (XRP) $ 1.06
polkadot
Polkadot (DOT) $ 42.45
dogecoin
Dogecoin (DOGE) $ 0.295804
shiba-inu
Shiba Inu (SHIB) $ 0.000063
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 61,232.00
ethereumEthereum (ETH)
$ 4,237.02
tetherTether (USDT)
$ 0.999256
bitcoin-cashBitcoin Cash (BCH)
$ 584.10
litecoinLitecoin (LTC)
$ 191.32
bitcoinBitcoin (BTC)
52.770,66
ethereumEthereum (ETH)
3.651,53
tetherTether (USDT)
0,861174
bitcoin-cashBitcoin Cash (BCH)
503,39
litecoinLitecoin (LTC)
164,88
bitcoinBitcoin (BTC)
44,524.85
ethereumEthereum (ETH)
3,080.95
tetherTether (USDT)
0.726609
bitcoin-cashBitcoin Cash (BCH)
424.73
litecoinLitecoin (LTC)
139.12

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin61,046 1.91 % 3.71 % 7.84 %
Ethereum4,255.1 0.69 % 6.48 % 2.04 %
Binance Coin488.51 1.36 % 7.67 % 2.90 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Cardano1.990 1.48 % 2.36 % 9.09 %
Solana198.53 0.88 % 4.84 % 13.06 %
XRP1.060 1.59 % 4.16 % 7.57 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2953 3.37 % 22.18 % 16.01 %
Shiba Inu0.00006449 3.28 % 16.92 % 120.55 %

bitcoin
Bitcoin (BTC) $ 61,232.00
ethereum
Ethereum (ETH) $ 4,237.02
binance-coin
Binance Coin (BNB) $ 489.45
tether
Tether (USDT) $ 0.999256
cardano
Cardano (ADA) $ 2.00
solana
Solana (SOL) $ 198.10
xrp
XRP (XRP) $ 1.06
polkadot
Polkadot (DOT) $ 42.45
dogecoin
Dogecoin (DOGE) $ 0.295804
shiba-inu
Shiba Inu (SHIB) $ 0.000063