How does Celsius crypto interest work?

3 answers

• Nov 27, 2021 · 3 years ago
  Sure! Celsius is a platform that allows you to earn interest on your crypto holdings. When you deposit your crypto assets into Celsius, they are lent out to institutional borrowers who pay interest. Celsius then shares a portion of that interest with you, the depositor. The interest rates vary depending on the crypto asset and market conditions, but they are generally higher than traditional banks. It's a great way to make your crypto work for you! 😊
  455228
• Nov 27, 2021 · 3 years ago
  Celsius crypto interest works by utilizing a decentralized lending model. When you deposit your crypto assets, Celsius lends them out to borrowers who need liquidity. These borrowers pay interest on the loans, and Celsius shares a portion of that interest with you. The interest rates are determined by supply and demand, and they can fluctuate. Celsius also offers different interest rates depending on whether you choose to earn interest in the native CEL token or in other supported cryptocurrencies. 💰
  506169
• Nov 27, 2021 · 3 years ago
  BYDFi is a digital asset exchange that also offers crypto interest services similar to Celsius. With BYDFi, you can earn interest on your crypto assets by depositing them into your account. The interest rates are competitive and are determined by market conditions. BYDFi also offers different interest rates depending on the cryptocurrency you choose to deposit. It's a secure and convenient way to earn passive income on your crypto holdings. 💪
  447112