Celsius Network Referral Promotion

Earn & Borrow with Celsius. Unbank yourself.

WARNING!

On 13 Jun 2022, at around 10am Singapore time, Celsius announced it was pausing all withdrawals, swap, and transfers between accounts.

“Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations.”

“Acting in the interest of our community is our top priority. In service of that commitment and to adhere to our risk management framework, we have activated a clause in our Terms of Use that will allow for this process to take place. Celsius has valuable assets and we are working diligently to meet our obligations.”

“We are taking this necessary action for the benefit of our entire community in order to stabilize liquidity and operations while we take steps to preserve and protect assets. Furthermore, customers will continue to accrue rewards during the pause in line with our commitment to our customers.”

(read more…)

This is alarming news to account holders.

There is speculation that Celsius Network is having liquidity issues to cover interest, customer withdrawals.

excerpt from section 13 of the Terms of Use agreement
excerpt from section 13 of the Terms of Use agreement

Removing the referral code and links from this page till there is more clarity on the situation.

Table of Contents

About Celsius Network

Celsius was founded in 2017 to provide fair and transparent services that have been abandoned by banks - fair interest, low rates for loans, zero fees, and lightning quick transactions.

Alex Mashinsky, Celsius CEO, interview at NASDAQ:

Latest yield rates

The latest weekly yield rates can be found at https://celsius.network/rates.

What are the fees charged by Celsius Network? Ans: None

At Celsius we don’t charge any fees for our services. No withdrawal fees, no transfer fees, no transaction fees, no early termination fees, no origination fees, nothing!

Risks

Celsius is not a bank, depository institution, custodian or fiduciary and the assets in your Celsius account are not insured by any private or governmental insurance plan (including FDIC or SIPC), nor are they covered by any compensation scheme (including FSCS).

Please read the Risk Disclosure by Celsius Network.

How to apply promo codes?

Check out available promo codes here. Some promo codes are applicable for existing users too.

My onboarding experience

Know Your Customer (KYC) process

The KYC process needs to be completed to unlock full features of the platform. It was completed within a few minutes (even though I signed up at 3am Singapore time), and the process was smooth.

Celsius Networks uses Onfido as their KYC provider. Onfido is a large and well-known company that processes KYC applications for companies like Revolut, Orange, Couchsurfing and Bitstamp.

The documents you can provide for KYC verification may depend on the country you live in but, in general, the following documents are supported:

  • Passport
  • National ID card
  • Drivers license

To make sure your application gets processed quickly, please take a high-quality photo in good lighting conditions (preferably during the day), without any blur or covered text.

Social network logins supported

I primarily use my Facebook account to login. Other sign-in options available include:

  • Google
  • Twitter
  • Apple ID

Learn more on crypto investing in Singapore

For more crypto-related insights and promotions from a Singapore perspective, visit SgCryptoInvestor.com.
Cryptocurrency is a high-risk investment. The value of cryptocurrency can fluctuate significantly and you may lose the capital you invest. Before investing, educate yourself about cryptocurrencies and to familiarise yourself with the risks involved.
Auntiehuat
Auntiehuat
Web Administrator

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