The Wallet That Pays You Back
Deposit coins. Borrow dollars against your crypto. Earn interest.
Over 15k downloads!
For crypto to continue to spread and gain traction we’ve got to bring the next 100m people into the crypto community.
In order to do that, real products built by real teams have to provide real utility to the public. We’re building Celsius to bring a new wave of financial products to the market designed, for the first time, to always do what’s in the best interest of its members instead of trying to make as much profit as possible. We believe this will be crypto’s first ‘killer app.’
Why Use The Celsius Wallet?
*This functionality is not yet available and will be rolled out in future. This functionality may be conditional on regulatory approvals, which Celsius will obtain as a condition for rolling out these features.
Banking is Broken
1. Sometimes You Just Need Cash
Crypto Collateral = Cash in Hand
We want to make borrowing cash a whole lot easier. Celsius’ goal is to allow its members to use their crypto holdings as collateral in order to secure low interest loans in dollars. Rather than selling their crypto (pay taxes and forfeit potential future gains), with Celsius they can leverage their cryptocurrency to borrow the cash they need today, while still maintaining their crypto portfolio for future value.
2. Wallets Without Interest, Nobody Wins
Crypto Interest
By depositing coins on the Celsius Network, crypto asset holders will be able to earn up to 9% interest for their lent coins. We plan to offer a large array of lending options, from one-day to one-year contracts, all with highly competitive interest rates. With Celsius, members will be able to easily earn interest on their crypto assets the same way they earn on the savings in the bank – but with much better rates.
3. The 99% not the 1%
Sure, Go Ahead and Short
Hedge funds, family offices and crypto funds still want to play in the world of cryptocurrency. Fortunately for us, they are willing to pay high fees to do so, so many of them want to short the market. We’re happy to help make the most of their greed by taking up to 50% cash deposits and charging them interest when they hedge. This lets us pass most of the earnings back to the community and lend more dollars to the rest of the Celsius community. Cryptocurrency prices are volatile, and we get that. Like any market, prices are going to jump up and down due to a number of factors. While many of us are excited about the rising valuations, some believe many coins are overvalued and are interested in shorting.
With Celsius, we will make it easy for those people to borrow coins from our community and short them on the market. Celsius will never take a position or trade against its coin holders or Lenders. Our interests are aligned with our lenders to charge the borrowers looking to short as much as possible to grow the community. Members who want to borrow dollars against their crypto coins will be charged interest below 10% to further grow the community and invite outside people to buy more crypto.
Their Stupidity, Your Gain
For the first time ever, Wall Street is late to the party and still has their heads stuck in the sand. And we want to stick it to the traditional finance industry who still don’t believe in decentralization, crypto coins or the promise of the blockchain to level the playing field for people across the globe.
With Celsius, you’ll be able to securely loan the crypto you’ve been HODLing to financial institutions dumb enough to think it’s a good idea to short the market.
I could care less what Bitcoin trades for, how it trades, why it trades, who trades it. If you’re stupid enough to buy it you’ll pay the price for it one day.”
-Jamie Dimon, Chairman of JPMorgan Chase
Our Ears are Burning
Celsius is raising the temperature when it comes to offering millennials an opportunity to earn real interest and use new ways to deal with old money.
Today Celsius — an Ethereum-based lending platform — has announced its plans to disrupt this industry by enabling peer-to-peer instant loans.
They are gaining traction quickly, and are working to open the floodgates of credit”.
Join the Celsius Community
A New Kind of Financial Company
01.
Celsius Community
02.
No More Wall Street
03.
Not Profit Driven
04.
Satoshi’s Dream
Alex Mashinsky
Real People Building a Real Product
He has raised over $1 billion with over $3 billion in successful exits. Alex has the original patent on VOIP (Voice Over Internet Protocol) and is now working on MOIP (Money Over Internet Protocol).
World Class Advisors
Traders Gonna’ Trade, Traders Gonna’ Get Played
Family offices, hedge funds and other larger players can now play the crypto market through traditional financial institutions like the CME & CBOE. This allows Traders to bet on cryptocurrency prices with other large financial institutions with none of profits going into the cryptocurrency ecosystem.
The Celsius community is dedicated to the promise of decentralization and the blockchain. We now have the opportunity to turn the tables and take advantage of the Institutional non-believers who are late to the party and still want to bet against us.
With Celsius, you’ll be able to securely loan the crypto you’ve been HODLing to financial institutions dumb enough to think it’s a good idea to short the market and you’ll be able to earn interest in coins. Its a win/win for the community, we either minimize volatility or get paid a lot for it.
We say, go ahead, we’ll be happy to take your money to enrich the community who see the future.
As more people join the Celsius ecosystem, the more everyone benefits.
