BSave Has A New Home With Celsius Network

Celsius Network
Jun 18, 2019 · 3 min read

We are thrilled to announce that BSave has found a new home with Celsius Network! BSave was one of the first digital platforms providing earning interest income on cryptocurrency, and we’ve recently recruited their best and brightest to enhance Celsius’ own suite of rewarding financial services.

Much like Celsius Network, BSave was also built on the idea of providing crypto HODLers with exclusive rewards not available through traditional financial institutions. We’d like to welcome all BSave members to the Celsius platform with 10 complimentary CEL tokens, which gives all new users access to all Celsius services.

How it Works:

  1. Download the Celsius Network app
  2. Complete KYC
  3. Deposit coins & start earning

Benefits:

  • Interest paid out weekly every Monday
  • No minimum deposit
  • No withdrawal fees or penalties
  • No lockups

Security:

Custody: Celsius Network uses BitGo as its secure and trusted custodian providing insurance on up to $100 million in crypto assets.

Coin deposits: Funds held within the network are secured by collateralized lending with borrowers providing between 150–200% of their loan value as collateral. Celsius has not had a single default on a loan since its launch in 2018, and borrowers can feel good that the interest paid on a loan goes right back to the Celsius community in the form of interest income.

Platform: The Celsius platform is built on immutable blockchain technology and provides users with several advanced security features including data encryption, two-factor authentication, mandatory PIN verification, email confirmation for transactions, and a personalized in-app security review for all members.

Celsius Services Overview

Interest Income

Celsius Network supports interest income on 16 different coins (and counting)! Interest is paid out weekly, and members can choose to earn in-kind (BTC on BTC, ETH on ETH, etc.) or earn in CEL tokens to receive even greater rewards.

Crypto-Backed Loans

Use the coins held in your Celsius wallet as collateral to receive a loan in USD or stablecoins. Interest rates are set at 4.95%, 6.95% or 8.95% based on how much collateral you want to provide.

CEL Token

CEL is an in-app utility token that allows users to take advantage of even greater rewards including higher rates for interest income, lower rates for crypto-backed loans, priority status for customer support, and lots more. Read more about the first 7 CEL token utilities: https://celsius.network/cel-token-explained/

CelPay

CelPay makes it faster and easier than ever before to send and receive cryptocurrency transactions. Users can transfer crypto in the touch of a button to anyone in the world with or without an existing crypto wallet. Oh, and did we mention it’s all fee free?

Together we hope to lead the unbanked revolution and change the equation to provide financial services that act in the best interest of the community rather than the shareholders.

Helpful Links:

Introducing CEL Token Utility

Celsius Network Interest Rates, Explained

The Value of Celsius is Its Community

Why A Celsius Loan Is In Your Best Interest [Rates]


About Celsius Network

Celsius Network is a democratized interest income and lending platform accessible via a 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 interest by transferring their coins to their Celsius Wallet and borrow USD against their crypto collateral at interest rates as low as 4.95% APR.

Download the Celsius Network app and start earning interest on your crypto today ➡️ celsiusnetwork.app.link

Stay Connected!

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Celsius Network

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A new way to earn, borrow, and pay on the blockchain.

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