Celsius Network has been on the financial headlines with its big promise, attracting massive attention from crypto traders. Guaranteeing a 4-10% APY annual return is quite a big promise to make to stakeholders, which many have termed as unreal. However, in this article, you get an in-depth overview of Celsius services, highlighting both the good, the bad and the hype. By the end of this review, you will understand clearly whether the company can deliver its big agenda to the members or not and if it does, how it does it.
There is no minimum deposit.
No withdrawal fee feature.
Freedom to choose how to receive or pay your interest.
Celsius Network does not lock the funds of the users.
No Credit Check
$25k Limit on Immediate Withdrawals
They do not offer a downloadable earning statement.
Crypto lending is opening up a new range of possibilities for depositors and borrowers. Several crypto-lending platforms are competing to come up with innovative solutions to attract investors.
Among them, Aave is making a wave in the market with its most extensive options of assets for lending and borrowing. On top of that, you can also take advantage of loans without collateral.
Excited to know more? Let's find out more in our Aave review!
Great rates in the industry
Pioneers of the DeFi movement
A wide range of assets to lend and borrow
Used by a huge number of people
Zero collateral loans
Not very user-friendly
Need technical knowledge to avail flash loans
BlockFi, founded in August 2017, is one of the first privately-held NYC-based lending startups in the cryptocurrency markets. It allows cryptocurrency holders to efficiently use their digital assets around with market volatility, by either earning interest on or take a loan against your Cryptocurrencie.
Trading and lending benefits
Competitive interest on deposits and savings
Universal access unless sanctioned by your particular country
Default or counterparty risk on lending money
No instant withdrawals
Variable interest rates on investment
CoinLoan is the platform where anyone can lend or borrow crypto coins. It is the first peer-to-peer (P2P) lending platform that offers you cryptoassets backed loans. Simply put, you can borrow, exchange fiat currency, cryptocurrencies, and earn interests from any part of the world all at one place.
Unlock Potential of Idle Assets
Variety of Currencies
High Default Rate