40 min read

The Celsius Network has a wider selection of available currencies, higher interest rates on their high-yield savings accounts and lower interest rates on crypto-backed loans compared to the offers of the TOP 5 centralized crypto lending and borrowing platforms NexoYouHodler, Crypto.com and BlockFi.

Each of them has its own advantages and the unique value of its products. Learn more about this, as well as how to get a cash loan at 1%, using your cryptocurrency as collateral; what new services, products, loyalty programs, bonuses and hot promotions are offered by Celsius Network and other leading crypto lending and borrowing platforms.

Celsius Network

Celsius | Earn Bitcoin - Earn crypto with crypto lending. Earn BTC and 40+ other cryptocurrencies. Get a 1% cash loan using your crypto as collateral. Unbank Yourself with Celsius.

What is Celsius Network?

Celsius Network is a platform that provides the best deposit yields on a variety of crypto assets, which includes several stablecoins that lack volatility. There are over 485,000 active wallet users, over 840,000 members, and about $16 billion in Assets Under Management (AUM) according to the Celsius Proof of Community inside the Celsius app. The stablecoins on the app give depositors 8.88% to 11.15% interest with zero volatility. Celsius is also the lowest cost provider of loans. Soon they will likely have a unique international Celsius Credit Card and many other financial products. They work on a phone app and desktop app.

Celsius is registered with the SEC with a Form D and is registered in the UK as well. You can also access the annual financial statements and updates for the company here.

In 2021, Celsius was selected as the winner of the "Best Cryptocurrency Wallet" award as part of the fifth annual FinTech Breakthrough Awards program, conducted by FinTech Breakthrough, an independent market analysis organization that recognizes the best companies, technologies and products in the global financial technology market. Celsius generates cryptocurrency profitability thanks to its reliable crypto-lending business and diversified deployment channels. Celsius is available in more than a hundred countries around the world.

Celsius Network is a popular loan platform, with over $16B in assets and 485,000 users. This popularity is in part thanks to its extremely low (for now) borrowing rates, which start at just 1% (average CeFi borrowing rates at the time of writing are around 4%). Celsius supports 25 coins and offers flexible LTV rates, although they are capped at 50%.

Celsius Network Equity

Celsius Network has Equity and this Equity is mainly just an ownership claim on the ~250 million CEL tokens stored in Celsius Network's treasury. The main purpose of the CEL tokens in the treasury will be to help support the interest payments for all crypto assets held by users on the Celsius platform. The treasury is used to provide collateral, to provide liquidity, it can be used for expansion purposes, and it can be used for lending. The financial statement and the CEO (Alex Mashinsky) state that the goal is to always pay out 80% of revenues to depositors. The CEO continuously states that he will maintain this goal of 80% revenue payouts and essentially says the Equity will not be competing for the 80% revenue payouts because the CEO wants to maintain the highest yield to maintain the greatest market force against competition.

If Celsius wants to raise capital for expansion, then it does it through BnkToTheFuture.com, which is the same platform that performed equity raises for Kraken, Bitstamp, Ethereum, and Bitfinex. Celsius has another equity raise coming soon that people can participate in. By 2025, the CEO wants to take Celsius Network public on the US stock exchange.

CEO Alex Mashinsky

Alex Mashinsky, CEO, Founder of Celsius Network

Alex Mashinsky created 2 separate billion dollar companies before creating Celsius Network. He has created over 50 patents that cover aspects of VoIP, Smart Grid, Ad exchanges, Groupon, Twitter, Skype, App Store, and Netflix streaming concept. He has a deep understanding of technology, business, and the blockchain industry. He is the main depositor with 40mm CEL tokens on the Celsius platform.

Where does Celsius fit in the cryptocurrency industry?

Celsius Network is currently larger than every decentralized financial protocol (DeFi) in the cryptocurrency industry by AUM or Total Value Locked (TVL). Celsius has about $16bn in AUM and the nearest DeFi platform is Aave with roughly $10bn in TVL. Some DeFi platforms can offer higher interest rates than Celsius by staking or pooling cryptos, but this requires a huge time burden to watch the market, it has big risks with rug pulls, can give huge impermanent losses, and the interest is often paid out by printing the platform's native token which can create a corresponding decrease in the price of the native token. Celsius provides a service by being a subject matter expert at creating yield on behalf of depositors in a simpler, safer, and less time consuming manner than DeFi platforms.

Coinbase and Binance have more AUM than Celsius, but they provide way fewer cryptos with yield and less yield on the cryptos that offer yield. Celsius pays depositors 80% of the revenues generated, while Coinbase and Binance cannot do that because most of the profits they generate must go to shareholders or to the ownership of the company. I will talk more about this structure later. 

By the end of 2025, Celsius’ AUM is expected to reach nearly $30 billion. One potential growth driver for Celsius in the long term is adding exchange capability, which would significantly enhance the platform's usability. CEO Alex Mashinsky has also hinted at the possibility of incorporating self-insurance options that would allow users to insure their deposited funds.

2020 was a watershed year for Celsius. Since January 2020, the lending platform has registered a nearly 300% increase in users. By February 2021, Celsius had paid out $250 million in crypto rewards to depositors, up from $80 million in November 2020.

Although decentralized finance, or DeFi, has hogged the crypto spotlight since the summer of 2020, Celsius’ native token, CEL, has been one of the market’s best performers. Unlike DeFi, Celsius offers a centralized platform for users to deposit their cryptocurrencies to receive interest payments. Celsius currently offers over 40 interest-bearing assets, with yields as high as 18.5%.

Celsius is the first and only platform that earns you up to 17% yield on your crypto, rewards you every week and lets you borrow cash at the lowest rates.

In general, Celsius also offers investors a fixed rate on most stablecoins: 7% for GUSD, TUSD, PAX and USDC. For other coins, the percentages are lower — for example, 3.8% for ETH (it should be noted that the rates change based on the market situation). During its existence, the Celsius platform has already paid out more than $5,000,000 in interest income.

The main advantages of Celsius accounts:

  • Support for a variety of popular and other crypto assets.
  • Unique additional offers, such as earning on gold.
  • Weekly interest payments.
  • One of the largest crypto lending markets with an excellent reputation.

For certain coins, Celsius offers the highest rates on the market. Therefore, when choosing a platform for passive income, you should definitely consider the option of the Celsius Network.

Your Latest Promo Offer

Get up to $5,000 in bonus CEL with Celsius promo codes and earn up to 30% more on your weekly rewards.*

Get up to $5,000 in bonus CEL with Celsius promo codes and earn up to 30% more on your weekly rewards.*

Celsius differs from other lending sites as it has its very own utility token called CEL. Users who use this token get exclusive benefits such as increased interest rates, community membership, and priority customer support.

Celsius offers 4.40% APY on BTC and 12.65% APY on stablecoins for lenders. All you need to do is send your Celsius Network wallet to them and get it approved for lending. As for security, Celsius has partnered with BitGo to ensure asset security and storage in the cold wallet. However, Celsius does not provide insurance directly on your deposits, whereas BitGo does. BitGo provides insurance coverage of up to $100M for digital assets.

The approvals with Celsius are swift and do not need any credit check. The interest rates start at 1% for borrowers, and also depend on the loan-to-value (LTV) ratio. If you use more collateral (crypto), then your interest rate will be lower. The minimum loan amount starts at $500, and users can avail of an LTV of 25% to 50%. You can check the borrowing page of Celsius for more information.

Transfer $400 or more of PAXG to your Celsius account and receive $60 in PAXG!

Transfer $400 or more of PAXG to your Celsius account and receive $60 in PAXG!



The opportunities offered by the Celsius Network:

  • Loans in USD and stablecoins secured by cryptocurrency. LTV - 25-50%.
  • Earnings up to 12% per annum on deposits.
  • Earnings on gold up to 3% per annum. Gold is represented in the tokenized form of Digital Gold on the Ethereum blockchain.
  • Loan and deposit Calculator. When applying for a loan, you can use the Loan Calculator tool within the app to find out exactly what the interest rate would be for the amount of collateral that you're considering putting against your loan. 
  • Support for more than 25 cryptocurrencies.
  • CelPay wallet, which allows you to give and receive 10 major cryptocurrencies. You can add participants to friends and transfer funds to them in one touch through the app.
  • The CEL token. It gives a member of the Celsius Network exclusive access to certain financial services related to cryptocurrencies. The best interest rates, priority status, community membership and much more. In addition, you will always get the lowest rate when using CEL tokens, which means that if you choose to pay the interest for your loan in CEL tokens, you pay even less. 
  • A Celsius credit card (you can add yourself to the waiting list).
  • Celsius Swag is an online merch store.
  • Celsius Help Center.

Earn Crypto

If you're not earning weekly on your crypto, you're missing out. With Celsius, you can access top rates (like up to 6.2% APY on BTC 👀) and get paid every Monday to keep calm and HODL on. Head over to the Celsius website or check your Celsius app on mobile or desktop to see a full list of this week's rates on 40+ cryptocurrencies.

Borrow Funds

Borrow with Celsius and get the funds you need today without giving up your crypto. It only takes minutes to apply through your Celsius app with no credit checks, no origination fees, and no banking B.S. To find the options that work in your best interest, open your Celsius app or head over to the Celsius website.  

Get $100 in BTC with your next Celsius loan!

Get $100 in BTC with your next Celsius loan!


With a Celsius loan, you can borrow without letting go of your cryptocurrency.

Stablecoin loans are released immediately after the loan approval and paid directly into your Celsius wallet. You can withdraw them at any time or leave them in your wallet to earn interest.

The service is suitable for hodlers who want to take advantage of the value of their crypto assets without selling them. For collateral, you can use BTC, EOS, DASH, ETH, XRP, LTC, BCH, XAUT.

Celsius interest rates are the lowest in the industry!

Starting at just 0.75% (APR), the interest rate varies based on your loan-to-value ratio, meaning that the more collateral you put down, the lower the interest rate you pay. 

In addition, you will always get the lowest rate when using CEL tokens, which means that if you choose to pay the interest for your loan in CEL tokens, you pay even less.

When applying for a loan, you can use the Loan Calculator tool within the app to find out exactly what the interest rate would be for the amount of collateral that you're considering putting against your loan.

Conditions for providing secured loans on the Celsius Network:

  • You can get a loan in dollars, as well as in stablecoins TUSD, USDC, DAI, GUSD, PAX, USDT.
  • The minimum loan is $ 500, the maximum is limited only by the deposited collateral.
  • The loan request is approved very quickly-from 30 seconds. The transfer of credit funds in stablecoins is carried out instantly. You can withdraw them at any time or leave them in your wallet to earn interest.  For loans in US dollars, Celsius initiates a bank transfer. For US clients, funds usually arrive in your account either on the same day or within one business day. For international customers, it may take up to 3-5 business days.
  • The standard loan terms are from 6 to 12 months. You can pay it off earlier.
  • Interest can be paid in CEL, BTC, ETH, USDC, GUSD, TUSD, USDT or MCDAI. The loan must be paid in the currency in which the loan was received, which meets the requirements of AML.
  • You can take out several loans at the same time.
  • Holders of CEL tokens receive a discount of up to 30% on the interest rate on loans.

You can view detailed information about your loans in your personal account, in the loans section. It includes the status of the loan (rejected, active, deferred), the date of the application, the date of approval, the maturity date, monthly interest, the total amount of interest paid.

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Deposit and withdrawal

Currently, about twenty-five coins and tokens are supported. To top up your account, you need to click Deposit in your personal account, select the coin of interest and make a transaction to the generated address.

  • The minimum deposit is $1, there is no maximum.
  • The withdrawal of funds is carried out to a cryptocurrency wallet and must be confirmed using a PIN or 2FA. The output speed depends on the current load of the blockchain. 
  • When it comes to the lowest amount that you can withdraw, the minimum is 1$.
  • For higher amounts, you can still request any sized withdraw from within the app, but we do have some limits in place in order to protect our users.

Withdrawals above 150,000 USD are processed manually and it can take up to 24 hours (or 48 hours depending on the timezones) for the coins to be sent out to your withdrawal address.There is also a 600,000 USD withdraw limit per 24 hours, which means that, if you withdraw more than this amount you will have to wait 24 hours before making any more withdrawals.

For more information on how to withdraw crypto, please watch the video.


The user has the opportunity to secure the account as much as possible on their own. For example, the following functions are supported in the application and the web interface:

  • password protection;
  • two-factor authentication;
  • 24-hour freezing of funds when changing the wallet address;
  • withdrawal only after PIN / 2FA confirmation;
  • amounts over $20,000 are withdrawn only after manual verification by the service staff;
  • a number of actions can be performed only after photo and video verification of the account.

The security of the platform is regularly checked by the NLP audit company (Nyman Libson Paul). All deposits made to users are kept by custodians and can either be held in reserve or transferred to institutional partners. If the funds are lent to partners, Celsius guarantees the security of the coins and their return if necessary.

Transfer $400 or more in UNI to your Celsius account and receive $60 bonus in UNI ! 

The Celsius Network CEL token

The CEL token was listed on its first crypto exchange in June 2018 and is currently also trading on several decentralized exchanges. Celsius customers can take advantage of CEL token utilities through the Celsius platform including earning yield on crypto at rates up to 25% higher and borrowing dollars against their crypto and pay up to 25% less interest. CEL holders can also earn weekly compounding rewards on CEL at up to 4.86% APY.

The total outstanding supply of CEL tokens is 695 million. The circulating supply of CEL tokens held by users is about 383 million. Another ~250 million CEL tokens reside in the Celsius treasury and another 67 million CEL tokens are held for Celsius team member bonuses, which are to be paid out over time.The CEL token has two main purposes. It is used by the company as a security (like a stock) and a utility token.

CEL Insights

(Based on the value of CEL at 12:00 UTC on July 26, 2021)

  • 468,385 - Weekly CEL Tokens Purchased
  • $2,527,775.15 - Weekly USD Value of CEL Purchased 
  • 60,273,859 - Total CEL Tokens Purchased
  • $375,506,141.57 - Total USD Value of CEL Purchased
CEL Tokens Purchased for Community Rewards

How CEL works

Celsius and CEL were created to put you and the community first. With no external shareholders to pay, Celsius designed a closed, virtuous loop that gives back. On every single transaction.

How is it used as a Security?

It is used by the company as a security whereby Celsius can conduct token sales from the treasury to raise money, it can be used to provide collateral, to provide liquidity, and it can be used for lending. It is also used to pay weekly dividends with company revenues. These dividends are in the form of buybacks where the company purchases CEL tokens in the open market and deposits them in your account every Monday.

How is it used as a Utility token?

The utility purpose of the CEL token is to help depositors gain higher interest on their crypto asset deposits. See table below. For example, if your portfolio value consists of 5%-10% CEL tokens, then the interest you gain on all other crypto assets increases 5%. If your portfolio is 25%+ of CEL token value, then you get 25% more interest on all other crypto assets you hold on Celsius. The same type of benefit happens for loans as well, except you get a corresponding discount based on the percentage of CEL you own in your portfolio. See table below. 

CEL tokens & rewards program

Celsius Network has labelled the tier system as a loyalty system. The higher the tier system, more number of CEL tokens are staked leading to higher interest rates, special discounts on loans borrowed from the platform.

CEL token is, first of all, a reward program

CEL token is, first of all, a reward program with real financial rewards, such as even higher income rates and low loan rates.

  • Up to 25% more rewards

Earn your weekly rewards in CEL and earn at rates up to 25% more.

  • Up to 25% discount on loans

Pay your interest on loans with CEL for up to 25% discounts on all your interest payments.

  • Earn 4.86% APY

HODL with Celsius to earn 4.86% APY weekly rewards in CEL.

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Celsius Loyalty Tiers

  • Bronze Tier: Users who hold 5%-10% of their investment portfolio in CEL tokens belong to this tier. They receive 5% as bonus rewards or payments of interest and a 5% discount on borrowed loans from Celsius Network.
  • Silver Tier: The users who belong to this tier have 10%-15% of their investment portfolio in CEL tokens, which entitles them to 10% bonus rewards and a discount of 10% on on borrowed loans from Celsius Network.
  • Gold Tier: Users who hold 15%-20% of their investment portfolio in CEL tokens belong to this tier. They receive 20% as bonus rewards or payments of interest and a 20% discount on borrowed loans from Celsius Network.
  • Platinum Tier: This is the most elite tier of the loyalty system. Users holding 20%-100% of their holdings in the form of CEL tokens belong to this tier. They are provided with 30% as bonus rewards or interest payments and 30% discount on borrowed loans from the platform.

These CEL rewards are not applicable to crypto-users in the US. Residents of the United States of America cannot take advantage of this feature of the Celsius Network.

Note that the rates for CEL tokens are dynamic which means they can change anytime. 

Celsius Network: Where to buy CEL?

Where to buy CEL?

Choose to earn CEL on your crypto or buy it on the exchanges (Bitfinex, Bittrex, Liquid, FTX, OKex, Gate.io, etc) - see the list below.

And if you’re buying more than $25,000 USD, Celsius can help - email Celsius OTC desk.

Exchanges where you can buy Celsius (CEL)

The native utility token CEL is now live with ETH and BTC pairs. Learn more about trading CEL tokens on the Bitcoin.com Exchange.

Celsius Network, a cryptocurrency lending and borrowing platform, is now integrated to the Bitfinex Platform.  Manage your Celsius account through Bitfinex and earn a return of up to 6.2% APY on Bitcoin and up to 9.65% on Ethereum.

Bitfinex is a TOP 5 global exchange and the largest exchange to support CEL to date with overwhelming demand coming from the Celsius community in recent months. 

Manage your Celsius account through Bitfinex and earn a return of up to 6.2% APY on Bitcoin and up to 9.65% on Ethereum.

The Bitfinex exchange is one of the first ones with which you can buy CEL tokens. At the same time, Bitfinex has built into its platform a new tool for risk - free, high-yield margin lending to traders - Lendary.

Lendary is the future of high-yield lending. Lend money to traders, avoid the risk of default on the loan and get daily profit. Less risk, more control. Lendary is a software service that allows you to engage in a completely new form of investment: lending to crypto traders in US dollars so that they can use your capital to increase their positions. 

Lendary automates lending in US dollars on crypto exchanges, allows you to earn daily interest rates and control everything in real time on your personal lender control panel. Bitfinex, a partner crypto exchange, uses a reliable liquidation technology that ensures that your capital will be returned. 

A trader can win or lose. In any case, you earn interest. Traders are ready to pay more than 10% per annum for your capital. At the same time, you will not have to lock up your capital for a long time. Daily interest rates. Daily liquidity.

Try Lendary, find out more about it.

Lendary. The future of high-yield lending. Less risk, more control. Automate USD lending on crypto exchanges and earn daily interest rates and monitor everything in real-time in your personal Lendary Dashboard. Get started today!


CelPay is a payment product of the Celsius Network.

With it you can send coins to your phone's contacts that have the Celsius app installed directly or you can send anyone that doesn't have the app yet a link that they can click on and open on their phone. That link will bring them to the app store and, once they've created a wallet and verified it, they can open the link again to claim the coins you have sent them. 

Please keep in mind that:

  • All CelPay transactions require email confirmation. Until the confirmation link is clicked on the CelPay transaction will stay on "Pending";
  • You have to confirm the email before the recipient opens the CelPay link, otherwise the link won't work. If they have opened the link before you confirmed the email, please ask them to open the link again. It is still valid;
  • There is a $2500 CelPay limit per 24 hours.

CelPay currently supports all coins and tokens that are available in our wallet - excluding stablecoins in Texas, US.

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Celsius app: Start Your Celsius Experience 

Celsius App

In this big update, Celsius made it easier and more convenient to Buy your favorite coins with ease, Swap between crypto seamlessly, Borrow cash within minutes and much more. Get the latest version of the Celsius mobile app and start exploring your new home for crypto.

Start Exploring Celsius → 

What is the Celsius experience?

  • Buy coins stress-free

Easily buy your favorite coins in-app without worrying about platform fees or transfer fees. Celsius's list of 40+ supported assets continues to grow with access to popular coins like Bitcoin, Ethereum, ADA and USDC.

Buy Coins →

  • Earn weekly rewards on your crypto

Safely keep your crypto with Celsius and get weekly rewards paid on your coins to reach your financial goals.

Earn Rewards → 

  • Borrow cash in 4 easy steps

It takes minutes to take a loan and get the funds you need. No credit checks, no origination fees, no surprises - just instant cash.

Borrow Cash → 

  • Swap between coins like a pro

With 25+ market pairs to choose from, Swap is a powerful tool to help you take control of your assets and move between coins quickly at any time.

Access Swap → 

How to buy cryptocurrency in the Celsius app

Users of the Celsius Network app can buy cryptocurrency directly in the app. The buying options are with a credit or debit card, or with bank transfers.

Currently, three providers are supported: Wyre, Simplex and Coinify. You can buy cryptocurrencies through the Celsius app using various payment methods.

  • You can buy the following coins using ACH Transfer (powered by Wyre): DAI,  USDC,  Ethereum,  Binance USD, Tether,  Bitcoin,  Gemini Dollar,  Paxos Standard.
  • You can buy the following coins using a Debit/Credit card (powered by Wyre): DAI,  USDC,  Ethereum, Binance USD, Tether,  Bitcoin,  Gemini Dollar, Paxos Standard.
  • You can buy the following coins using SEPA Transfer (powered by Coinify): USDC, Bitcoin, Bitcoin SV, Stellar Lumens, Tether, Bitcoin Cash, Ethereum.
  • You can buy the following coins using a Debit/Credit card (powered by Coinify): USDC, Bitcoin, Bitcoin SV, Stellar Lumens, Tether, Bitcoin Cash, Ethereum.

Using a credit or debit card, cryptocurrency purchases are instant, and Celsius doesn’t charge any fees for buying. 

But remember that the purchase is carried out through third parties (MoonPay, Simplex, Wyre), which charge significant, rather high fees.

How to buy cryptocurrencies with the lowest fees

To buy cryptocurrency, 3 Fiat-to-Crypto gateways are built into the Celsius app - Coinify, Simplex and Wyre.

Unfortunately, you will not be able to compare the offers of these gateways simultaneously, in real time, and choose the best option with the lowest fees. 

The only way to buy a cryptocurrency with the lowest fees is to compare the fees of the gateways and find out how much cryptocurrency the user receives for a fixed amount of fiat currency based on the results of the comparison. 

All these actions can be performed using the free comparison tool - the Onramper widget. The Onramper widget automatically calculates how much cryptocurrency each gateway will send to the user (taking into account all transaction fees, network fees, conversion rates and spreads), and then shows the user the best options. 

By doing this, Onramper usually saves the user from 1.5% to 15% of fees!

Onramper compares the offers of 6 main gateways of global user coverage: MoonPay, Wyre, Coinify, Indacoin, Mercuryo, Xanpool. BTCdirect, Transak and other reliable providers will be added soon.

Also, the BuyBitcoins24 comparison tool, the Invity and Changelly platforms allow the user to buy cryptocurrencies based on comparing offers from reliable suppliers, as well as exchange and sell cryptocurrencies.

Alternatives to the Celsius Network 

The TOP 5 best centralized crypto lending and borrowing platforms include CelsiusNexo, YouHodler, Crypto.com and BlockFi.

Each of them has its own advantages and unique value compared to others. See the comparison table below for the main products of these platforms. 

Note that it is recommended to explore each of them for yourself to find which platform best suits your needs.

How do their rates compare?


APY% for Stablecoins8-12%*12%12.5-16.54%8.6-9.3%6-12%**
APY% BTC, ETH, etc5-8%*4.4-7%5.5-62%*5.25-6%2-6%**
Borrowing Rates6-12%* APRVariable by day1-8.95%* APR4.5-9.75 APR
2% Fee
8-12%* APR
ExchangesYes, no feesYes, w/feesNoYes, w/feesYes, w/fees
FeesNoneWithdraw feesNoneWithdraw feesYes
Debit/Credit CardYes - SoonNoYes - SoonYes - SoonYes
Special FeatureDividendsLeverageCelPayCashback CardDeFi Swap

Learn more

Learn moreLearn moreLearn moreLearn more
  • *) - Must have certain amount of proprietary token for higher percentage yield or lower loan APR.
  • **) - Time locked.

Here is a list of rates of crypto savings accounts offered by the platforms Celsius, Nexo, YouHodler, Crypto.com and BlockFi. This comparison table covers some of the most popular cryptocurrencies and stable coins, but be sure to check out your chosen platform for a complete list of the offered rates of crypto savings accounts.

Bitcoin (BTC)Ethereum (ETH)Litecoin (LTC)Tether (USDT)USD Coin (USDC)
BlockFi0.25% - 4.0%0.25% - 4%2% - 4.5%5% - 7.5%5% - 7.5%
Nexo4.0 - 8.0%4.0 - 8.0%4.0 - 8.0%8.0 - 12.0%8.0 - 12.0%
Celsius3.51 - 6.20%5.05 - 6.35%4.08 - 5.33%13.19%10 - 13.19%
Crypto.com1.5% - 8.5%2.5% - 7.5%0.5% - 5.0%6.0% - 14.0%6.0% - 14%


Nexo is a crypto banking and asset management platform enabling users to earn interest on their crypto holdings and utilize their crypto holdings to receive a loan. Soon Nexo users will also be able to receive the credit line on their Nexo card and generate cash back rewards in the crypto asset of their choosing for every purchase. If you’re looking for a solution to put your crypto assets to work Nexo is a solid platform for you to utilize, as you gain access to interest on your holdings, can open up a credit line backed by your crypto, earn dividends based on the overall success of the platform, and in the future access cashback rewards for spending through the Nexo Card.

The Nexo team has partnered with trusted parties and has built a secure solution which provides token holders greater access to new functions with their assets. To have a rounded out solution, Nexo should add a trading functionality, so users can switch between assets without having to move their funds to different platforms. This could enable a greater user experience and keep users utilizing their platform to the fullest.

Nexo's high yield interest accounts offer as much as 12% APY on 20 different cryptocurrencies, paid daily. The highest rates are only available to members of Nexo's loyalty program, which is based on holding their native coin, NEXO token.

Interest Rates

Cryptocurrencies like Bitcoin, Ethereum, and Ripple offer rates between 4%-8%. Stablecoins such as USDT, USDC, and DAI, and cash deposits of USD, GBP, and EUR earn from 10%-12%.While their base rates are not always as high as other platforms, they offer bonuses based on a number of factors:

  • Fixed Term or Flex
    • 1% bonus to crypto and fiat rates with a fixed-term deposit.
    • Terms are one month for crypto, three for fiat currencies.
    • Fixed terms aren't currently available for stablecoins.
  • Payout Method
    • 2% bonus for those who take their earnings in the NEXO token rather than in the same currency they invested originally.
  • Loyalty Tier based on percent of user's holdings made up of the NEXO token:
Up to 1% NEXO tokens in portfolio
1 - 5% NEXO tokens in portfolio
5 - 10% NEXO tokens in portfolio
Over 10% NEXO tokens in portfolio
0.0% bonus on crypto
0.25% bonus
0.50% bonus
1% bonus
0.0% bonus on stablecoins
0.25% bonus on stablecoins
1% bonus on stablecoins
2% bonus on stablecoins
0.0% bonus on cash
0.25% bonus on cash
1% bonus on cash
2% bonus on cash


Nexo charges withdrawal fees for crypto after users surpass a limited number of free withdrawals each month, which varies by loyalty tier.Fiat and credit line withdrawals are free, and so are all deposits.


In addition to security measures like 2FA, withdrawal confirmations and login alerts, Nexo has obtained $375 million worth of insurance for digital assets with companies like BitGo and Ledger Vault.

Additional Features

Besides their interest accounts, they offer an exchange with no fees (but a relatively high spread), crypto-backed loans, and the Nexo Card, which allows you to borrow real time against your crypto credit line at retailers all over the world. 


YouHodler is another platform offering crypto banking services.

What sets YouHodler apart is the ability to continue trading with cryptocurrencies earning in their interest accounts, through their Multi HODL service, as well as collateral for their crypto-backed loans.

Note: YouHodler is not available in United States or China.

Interest Rates

They offer interest accounts on 25 cryptocurrencies with more to come, and rates starting at 2.5%, up to 8% for crypto and 12.7% for stablecoins.Interest is compounded daily and paid weekly. YouHodler offers flat rates, meaning there are no tiered requirements for earning more.

Crypto deposits are free, but withdrawal fees vary by currency. Major coins like BTC, ETH, and LTC are free to withdraw, minus a blockchain fee, which will vary depending on blockchain workload and capacity.

They secure their assets with $150 million pooled crime insurance, 2FA, a mixture of hot and cold storage, and the ability to stop withdrawals.

Additional Features
They also support NFTs, crypto-backed loans and an exchange with margin trading options.


Crypto.com offers a wallet and a suit of adjacent services letting you use your crypto to get a loan, lend it out and earn interest on it or spend it through one of their debit cards.

Crypto.com is a full-service crypto hub that offers several ways to earn interest on your crypto holdings. They have over 35 cryptocurrencies and stablecoins to choose from.

Interest Rates

Their Earn feature offers rates from 0.5% to 8.5% for cryptocurrencies like Bitcoin, and 14% for stablecoins like USDC. Rewards are paid weekly in USDC.However, their highest rates aren't easy to achieve. They are based on:

  • Term: Flexible, 1 month, or 3 month
  • Staking CRO: For a period of 6 months
    • Stakes under $400 equivalent offer no bonus
    • Stakes greater than $4,000 will earn a bonus variable by term and currency
    • Stakes greater than $40,000 will earn the maximum bonus variable by term and currency

Without staking, three-month terms will get you as much as 4.5% returns on Bitcoin and Ethereum, and 10% on most stablecoins.The most you can earn on a flexible term with no CRO stake is 6% on stablecoins.

Because of the time and money investment required, Crypto.com is best for those intending to hold their assets for long periods, at least a year or more.


Crypto.com charges withdrawal fees based on cryptocurrency. Review the charges for popular coins below or reference the full list here.

0.0004 BTC
0.004 ETH
0.001 LTC


Crypto.com has security protocols similar to other sites, including 2FA, cold storage of assets, FDIC insurance for cash deposits, and a bug bounty.

Additional Features

Crypto.com shines for being an all-in-one crypto service. In addition to their interest accounts, they offer an exchange, crypto-backed loans, a range of Visa Rewards cards, a mobile pay service, custodial and non-custodial wallets, and even a market for NFTs


BlockFi's Interest Accounts are available for 10 cryptocurrencies and stablecoins, including popular coins like Bitcoin and Ethereum.

Interest Rates

Interest rates range from 0.5% to 7.5%. They have no minimum deposit, and interest is paid every month.Certain currencies, like Bitcoin and Ethereum, have decreasing interest rates as you deposit more:

They tend to offer the best rates for stablecoins, cryptocurrencies whose value is tied directly to that of a fiat currency like the USD. For example, USD Coin (USDC), GUSD, and PAX, all stablecoins, can earn 7.5%. Tether (USDT) can earn up to 7.5%.


As far as security, BlockFi employs many of the current best practices, including keeping user funds in cold storage, two-factor authentication, and wallet address allowlisting to prevent unwanted transfers.They have insurance against theft of digital assets, and cash balances are FDIC insured for up to $250,000.


The only fees relevant to their crypto savings accounts are their withdrawal fees, which vary by currency.

Additional Features

In addition to their interest accounts, BlockFi has a limited exchange and offers crypto-backed loans.

Celsius vs BlockFi

Read this detailed comparison to see how they stack up.

Celsius vs BlockFi: Benefits and Features



Celsius Network

Cryptocurrencies SupportedBitcoin, Ethereum, Litecoin, Chainlink, PAX Gold, USDC, Binance USD, PAX, GUSD, BAT, DAI, UNIBitcoin, Ethereum, USDC, Gemini Dollar, Paxos Standard, LINK, BAT, COMP, UMA, SNX, AAVE, Bitcoin SV, Bitcoin Cash, Litecoin, Mana, Uniswap, Polygon, Livepeer, Kyber Network, Binance USD, Ethereum Classic, EOS, TrueCAD, TrueHKD, TrueAUD, TrueGBP, TrueUSD, USDT, 0x, DAI, PAX Gold, OMG Network, Stellar, Ripple, Dash
Countries SupportedWorldwide, except for countries that are sanctioned or watch-listedOver 100
Digital WalletYesYes
Transaction FeeNoNo
Copy TradingNoNo
Limit OrdersNoNo
Margin TradingNoNo
Spread0.7% - 1.5%1%
Interest AccountsUp to 7,5%Up to 17,78%
Crypto LoansYesYes
Bitcoin (BTC) Interest Rates0.25% - 4.0%3.51 - 6.20%
Ethereum (ETH) Interest Rates0.25% - 4%5.05 - 6.35%
Bank Account Purchase FeeNoNo
Litecoin (LTC) Interest Rates2% - 4.5%4.08 - 5.33%
Debit Card Purchase FeeNoNo
Tether (USDT) Interest Rates5% - 7.5%13.19%
USD Coin (USDC) Interest Rates5% - 7.5%10 - 13.19%
Mobile AppYesYes
ACH Transfer FeeNo0.1%
Wire Transfer FeeNo0.5%
Crypto Conversion FeeNoNo
Other Fees2% Origination Fee on crypto-backed loans
Withdrawal Fee varying based on cryptocurrency: 0.00075 BTC, 0.02 ETH, 0.0025 LTC
Credit Card Fee: 3,5% or $10 minimum fee; or 2.99 for EEA and UK residents
Address AllowlistingYesYes
Biometric LoginYesYes
Cold StorageYesYes
InsuredFDIC insurance on cash holdings up to $250 and digital asset insurance on custodied cryptocurrenciesUn-lent coins are held by insured custodians Fireblocks and PrimeTrust
Maximum Trading AmountSingle-trade limit of $1.2m USD or equivalentNo
Two-Factor AuthenticationYesYes
Withdrawal Limit7-day Withdrawal Limit varies by cryptocurrency: 100 BTC, 5,000 ETH, 10,000 LTC.
Up to $5,000 USD via direct bank withdrawal
$1 USD minimum; $600,000 USD limit per 24 hours
BlockFi: Pricing information from published website as of 06/30/2021.
Celsius Network: Pricing information from published website as of 05/04/2021.

Cesius vs BlockFi: High-Yield interest Accounts

The Celsius earnings program offers interest rates ranging from 2.02% to 17.78%, which is more than twice the highest BlockFi rate. 

In general, Celsius has a wider range of coins available with slightly higher interest rates than BlockFi, even for ordinary users.

 Cesius vs BlockFi: Crypto-backed Loans

Celsius offers slightly more affordable interest rates on its crypto-backed loans than BlockFi, especially with a low LTV ratio. With 25 cryptocurrencies to choose from as collateral compared to BlockFi, this is probably the best choice.

Cesius vs BlockFi: Fees

BlockFi charges a commission for the withdrawal of funds on its interest-bearing account, which varies depending on the currency:

  • Bitcoin: 0.00075 BTC
  • Ethereum: 0.02 ETH
  • Litecoin: 0.0025 LTC

Their crypto-secured loans carry a commission of 2%.

BlockFi also charges a spread on crypto purchases, which reportedly ranges from 0.7 to 1.5%.

Celsius does not charge fees directly for crypto purchases, however, their partners do:

  • Simplex: 3.5% or $10 minimum fee is included in the price; can be reduced to 2.99% for users in the EEA and the UK.
  • Gem (via Wyre): 0.1% ACH transfer (USA only)
  • GEM (via Coinify): 0.5% manual bank transfer; 2% credit card (EU); 3.5% credit card (non-EU).

There are no fees for initiating, terminating or withdrawing funds.

In terms of fees, Celsius works better than BlockFi. Users can save on free withdrawals of funds, avoid a 2% commission for issuing loans. Users in the USA will get the maximum for their money using Wyre ACH transfers.

Celsius vs BlockFi: Conclusion

Celsius is probably a better choice than BlockFi for users who want to use the services of a crypto bank. They have a wider range of currencies available, higher interest rates on their high-yield savings accounts, and slightly lower interest rates on crypto-backed loans.

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5 reasons to choose the Celsius platform for borrowing and earning cryptocurrencies.

1. Celsius pays out 80% of revenues before taxes

The depositors get 80% of the revenue created by the company and this money counts as an expense before taxes (Under filing dated "28 Feb 2021", Page 8). The rest of the traditional banks and corporations pay out dividends to shareholders after paying taxes. This helps allow Celsius to pass more profits to depositors.

2. Celsius Network is deployed on the Ethereum blockchain which lowers transaction settlement times, lowers infrastructure costs, and lowers customer acquisition costs

The blockchain (mostly the Ethereum Network) allows Celsius to remove the payment processor middlemen, which drops the transaction costs and settlement times from 1-10 days to a few minutes or even seconds. International payments and remittances for person-to-person (P2P) transactions can often take 11% fees and take up to 10 days to settle. On the Ethereum blockchain, it usually costs $1-$5 to transfer and it settles in a few minutes, which provides cost savings and efficiencies. 

3. Celsius basically made the depositors and shareholders the same entity

Celsius creates revenue from deposits, charges no fees, and gives 80% of revenue back to depositors. This means that depositors basically get all the benefits of what a shareholder would get because they receive 80% of the revenues generated by the company.This creates two main benefits. It means Celsius is growing their underlying business by adding about 3,2% in AUM annually, because the money doesn't leave AUM and go to shareholders, instead it stays on the platform earning more revenues for the company. Most importantly, by giving money to depositors and not shareholders, it gives a huge incentive for people to become depositors and thus causes net deposit growth to be extremely high. 

4. The CEL Token community creates an army of free advertisers and public promotors

Creating a token with strong tokenomics will attract a community of people who buy the CEL token and vigorously promote the Celsius Platform, because it is in their best interest.  

Also, the CEO has conducted AMAs every Friday on Celsius Network on YouTube for the last 3 years where he answers selected questions from the community and give updates. The CEO also does AMAs via a Twitter Spaces meeting on the Celsius' Community Manager's twitter page every Tuesday evening where anyone can ask the CEO anything. They also have group chats on Twitter 5-7 days a week for anyone who wants to ask questions and discuss things related to Celsius Network. Usually 20+ people show up every day. There are also communities in several nations that are building Celsius community networks as well.

Celsius has created the most knowledgeable community in the crypto space by conducting honest and open discussions that are not shallow, insulting, or all about moonshot rhetoric. This creates a competitive advantage and a more sustainable business model, which leads to faster adoption and a much higher retention (HODL) rate.

5. The CEL token can generate revenue by itself

Celsius Network is able to earn revenues on its own token in 4 ways:

1. Celsius lends the CEL token to institutions, corporate accounts, or individuals for interest payments.

2. CEL token can be used as collateral to mint cryptos on DeFi platforms like Aave and Maker. Celsius could give Maker their CEL tokens and Maker can mint cryptos for about 85% LTV (Loan to Value) and give that to Celsius. Celsius can then deploy these cryptos to earn interest revenues. This agreement was accepted by Maker in May and will take 3-5 months for the process to finalize and for CEL collateral to be used on the platform.

3. Celsius can borrow CEL tokens to exchanges so the exchanges can offer option trading.

4. CEL token can be given to decentralized exchanges to provide liquidity and CEL token will earn interest based on the liquidity it provides. For instance, Celsius can give CEL-USDC pair to Uniswap or QuickSwap and earn interest on every CEL-USDC trade that happens on Uniswap or QuickSwap.

This is important because it allows Celsius to create revenues for CEL token buybacks without needing to solely rely on revenues generated elsewhere in the business. This helps Celsius provide a higher interest rate on other crypto assets on the platform. No other crypto platform has been able to do this yet. 

Celsius Network: Conclusions

Celsius is a democratized reward-earning and crypto lending platform accessible via web and mobile app. Built on the belief that financial services should only do what is in the best interests of the community, Celsius is a modern platform where membership provides access to curated financial services that are not available through traditional financial institutions. Crypto holders can earn rewards by transferring their coins to their Celsius account and can borrow USD or stablecoins against their crypto collateral at interest rates starting at 1% APR. 

Celsius takes advantage of blockchain technology and is proud to provide a platform of curated services that have been abandoned by big banks such as high yield, zero fees, and lightning quick transactions as well as weekly rewards. Users can also earn up to 15% APY in rewards on their crypto assets and access loans starting at just 1% interest rates. There is no minimum balance and with the Celsius app, sending crypto is as easy as sending a text. Celsius always acts in the best interest of its community, and rewards paid to users form up to 80% of Celsius' revenues.

Celsius is leading the way by offering the best yields on deposits and the lowest cost loans in the world.

For additional information please visit www.celsius.network

Download the Celsius app and start earning rewards on your crypto today!

Learn more:

CRYPTO LENDING PLATFORMS: Bitcoin & Crypto-Backed Loans and Interest Earning Accounts >>>

CRYPTO LENDING PLATFORMS: Bitcoin & Crypto-Backed Loans and Interest Earning Accounts

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Sources: Celsius.network, Derek Teed, Seekingalpha.com, BuyBitcoins24.com, Invity.com, Changelly.com, Creditdonkey.com 

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