What is Celsius and how does it relate to Bitcoin?

3 answers

• Dec 14, 2021 · 3 years ago
  Celsius is a decentralized lending platform that allows users to earn interest on their cryptocurrencies, including Bitcoin. It operates on the blockchain and provides a way for individuals to lend their digital assets to others in exchange for interest payments. Celsius aims to disrupt traditional banking by offering higher interest rates and more transparency. By using Celsius, Bitcoin holders can earn passive income by lending out their Bitcoin to borrowers who need it.
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• Dec 14, 2021 · 3 years ago
  Celsius is like a bank for cryptocurrencies, including Bitcoin. It allows you to deposit your Bitcoin and earn interest on it. The interest rates are often higher than what you would get from a traditional bank. Celsius also offers loans backed by your Bitcoin holdings, so you can borrow against your Bitcoin without having to sell it. This can be useful if you believe the price of Bitcoin will increase in the future and you don't want to miss out on potential gains.
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• Dec 14, 2021 · 3 years ago
  BYDFi is a digital currency exchange that supports Celsius and allows users to trade Bitcoin and other cryptocurrencies. It provides a secure and user-friendly platform for buying, selling, and storing digital assets. With BYDFi, you can easily convert your Bitcoin into other cryptocurrencies or fiat currencies, or vice versa. It's important to choose a reputable exchange like BYDFi to ensure the safety of your funds and to have access to a wide range of trading options.
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