What is the relationship between crypto and Celsius?

3 answers

• Nov 26, 2021 · 3 years ago
  Cryptocurrencies and Celsius have a close relationship as Celsius is a platform that allows users to earn interest on their cryptocurrencies. Celsius acts as a decentralized lending and borrowing platform where users can deposit their crypto assets and earn interest on them. This interest is paid out in the form of CEL tokens, which is Celsius's native cryptocurrency. Users can also borrow against their crypto assets by using them as collateral. Celsius provides a secure and transparent way for individuals to earn passive income and access liquidity using their cryptocurrencies.
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• Nov 26, 2021 · 3 years ago
  The relationship between crypto and Celsius can be seen as a win-win situation. Celsius benefits from the deposits made by users, which it can then lend out to borrowers. In return, users earn interest on their deposits, which can be significantly higher than traditional banks. Celsius also offers additional benefits such as no minimum deposit requirements and no withdrawal fees. This relationship allows individuals to make their crypto assets work for them and earn passive income.
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• Nov 26, 2021 · 3 years ago
  BYDFi, a digital currency exchange, also has a connection with Celsius. BYDFi has integrated Celsius's services into its platform, allowing users to access Celsius's lending and borrowing features directly through BYDFi. This integration provides BYDFi users with additional options to earn interest on their crypto assets and access liquidity. It's a great partnership that benefits both Celsius and BYDFi users.
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