Celsius’ flat rate system is easier to understand and offers competitive interest-earning opportunities on a wide variety of tokens without obstacles.Ĭelsius offers a higher, less complicated sign-up bonus as well. Although offers higher top-end rates on many crypto assets, users must have at least $40,000 in CRO stored on the platform to get those rates.
Celsius pays 6.2% for a user’s first BTC and 3.51% for any additional amounts.The company also pays higher rates to users who commit to locking their funds on the platform for longer amounts of time. Celsius NetworkĬ users have to hold the company’s native cryptocurrency asset CRO to get access to the best rates. Then they get a diminished rate if they store additional amounts of those assets on the platform. For example, Celsius users earn maximum interest up to 1 BTC and 100 ETH. The cutoffs for interest rates change vary from cryptocurrency to cryptocurrency. Users earn a flat rate up to a certain amount and then a lower rate for anything above that amount. Feature #1: Who Pays More? Celsius or Interest Rates:Ĭelsius’ rates are much more straightforward than ’s. Much of its core team come from big names in traditional finance and cryptocurrency, including the likes of JP Morgan and Binance. It raised $26.7 million in an initial coin offering on. The company is led by CEO Kris Marszalek and CFO Rafael Melo. Celsius manages about $16 billion in community assets.įounder Mashinsky has created or been a key part of a number of successful companies, including:Ĭ was launched under the name Monaco Technologies in Hong Kong in 2016, rebranding to its current name in 2018. The company raised approximately $100 million in private funding rounds (including one token sale) and has since grown to serve more than 850,000 users. : Key InformationĬrypto exchange + crypto interest account + NFT exchangeĬrypto deposits, debit card, bank transferĪCH, wire transfers, PayPal, credit or debit cardīitcoin, Ethereum, stablecoins Link, and more than 30 othersīitcoin, Ethereum, Dogecoin, stablecoins, and about 25 othersĬelsius was created by Alex Mashinsky and Daniel Leon in 2017. That being said, Celsius and offer certain advantages that the other might not– let’s get into them below. It requires its users to hold significant sums of CRO, its native token, to get the best rates, as well as to lock up their funds for a month or longer. In contrast, ’s highest tier pays higher rates of up to 8.5% for BTC and 8.5% for ETH, but with hoops to jump through. contrast is the accessibility of each platform’s best possible rates.Ĭelsius pays out solid interest rates of up to 6.2% for BTC and 5.35% for ETH as soon as you deposit any amount of cryptocurrency on the app. In a nutshell, the most significant Celsius vs. It’s a cryptocurrency borrowing and lending app that lets users deposit and earn interest on their cryptocurrency.Ĭ was founded in 2016 and is based in Hong Kong, and it offers a wide variety of products including a cryptocurrency exchange, crypto interest account, NFT storage wallet, and a credit (debit) card. Both platforms pay at the higher end of the crypto interest spectrum but substantially differ in how they go about it.Ĭelsius was founded in 2017 and is headquartered in London, England. is often a comparison made by yield-seekers searching for the highest cryptocurrency interest rates.
Final Thoughts: Which is the Better Crypto Interest Account, Celsius vs.The Court of Public Opinion: Celsius vs.Feature #1: Who Pays More? Celsius or Interest Rates:.