Introduction
If you’re looking for a reliable and trustworthy platform to invest your money in the cryptocurrency market, you might have come across Celsius. Celsius is a crypto lending and borrowing platform that offers high-interest rates on deposits and loans. But, the question arises, is Celsius legit or a scam? In this article, we will explore the legitimacy of Celsius.
Background
Celsius was founded in 2017 by Alex Mashinsky, a serial entrepreneur, and inventor of Voice over Internet Protocol (VoIP). Celsius aims to provide financial freedom to its users by offering them high-interest rates on their crypto assets. Celsius claims that it redistributes 80% of its revenue to its users, which makes it a unique platform in the crypto market.
How Celsius Works?
Celsius works on a peer-to-peer lending model, where borrowers and lenders can connect directly. Celsius offers loans to its users at a fixed interest rate, which is determined by the borrower’s collateral. Celsius also allows its users to earn interest on their crypto assets that they have deposited on the platform.
Is Celsius Legit?
Yes, Celsius is a legit platform. Celsius is a registered company in the United States and operates under the laws and regulations of the country. Celsius has also obtained the necessary licenses and permits to operate its business legally. Celsius has a team of experienced professionals who are committed to providing the best services to its users.
Security Measures
Celsius takes security very seriously. Celsius uses advanced security measures such as multi-factor authentication, biometric verification, and encryption to protect its users’ assets. Celsius also stores its users’ assets in cold storage, which is considered the safest way to store crypto assets.
Benefits of Using Celsius
Celsius offers several benefits to its users. Some of the benefits are:
- High-interest rates
- Low borrowing rates
- No fees on deposits and withdrawals
- Easy to use platform
- 24/7 customer support
Conclusion
In conclusion, Celsius is a legit platform that offers its users high-interest rates on their crypto assets. Celsius is a registered company that operates under the laws and regulations of the United States. Celsius takes security very seriously and uses advanced measures to protect its users’ assets. Celsius offers several benefits to its users, making it a reliable platform to invest in the crypto market.
