For as long as humans have walked the Earth and progressed over millennia, there has always been something missing that we have not held within our hands until only the recent ages. That something is economic freedom.
Throughout the world, you may see that we are economically free to do what we want. Our human rights are at stake, and profit-driven banks and companies may feed into this economically caged world. How is this relevant? In recent years, the tides have begun to turn.
People are becoming aware, and thanks to this awareness, we have reached many aspects of the world, including the world of cryptocurrency.
Celsius is a platform that provides banking and financial services to cryptocurrency users. The company was first set up in 2017, where co-founders had drawn the plan for Celsius on nothing but a napkin.
Today, it stands as a company with strong moral values, offering financial help to those who need it in the form of cryptocurrency and giving economic freedom while utilizing the Celsius Network to be fair.
Celsius Network is a FinTech platform that offers saving accounts with high-interest rates, making sure 80% interest is in the palm of your hand, loans, and payments using cryptocurrency.
The project has one strong aim: ߵTo put unparalleled financial-economic freedom in the palms of the peopleߴ. It aims to bring justice and security to the FinTech world, making sure to treat its customers fairly by offering easy-access loans, high return rates on savings and deposits, and a rewards program to give back to the Celsius community.
Celsius offers reasonable prices, and Celsius Network rates of return are unparalleled and offer back to their community more than other banks. The network also functions as a wallet through its CelPay feature. Users earn rewards when they link their CEL tokens with CelPay.
As you read this, you might wonder, how does the Celsius Network help people financially using cryptocurrency? In March of 2018, Celsius launched its own crypto token to sell after putting forward its Initial Coin Offerings (ICO). These coins are called CELs. The ERC-20 standard token was distributed among the treasury, team, partners, and advertisers.
These can be bought and exchanged on the crypto market, just like all other tokens. These tokens were created to put the Celsius community first. Without any other shareholders, the CEL circulates around the market in a loop. About 50% of the maximum CEL token supply was released in the ICO conducted in 2018.
The more CEL tokens you buy, the more you are eligible to receive rewards from the company. Moreover, your loan interest discounts depend on how many tokens are in your possession. Their total coin supply as of yet is 695,658,161. About 24% of the total coins are currently locked and scheduled for release upon the network’s roadmap.
Using Celsius, the company’s main goal is to allow financial support to people who buy their tokens. Not only that, they wish to give their clients 100% freedom and fair financial services to anyone who wishes for it. These financial services include loans using cryptocurrency and paying using CEL tokens by transferring them to the specified recipient.
Other financial services in the works include swapping other cryptocurrencies and creating credit cards for the clients with an opportunity to earn rewards. Celsius offers loyalty rewards for its users and offers discounts on lending rates. Meanwhile, it also promises high-interest rates.
Celsius offers partnerships to businesses and individuals to provide the best services of lending and borrowing digital assets to all clients while benefitting both the company itself and the business it partners with.
These well-known businesses and individuals help give exposure to Celsius network. Celsius serves high-net-worth individuals, fund managers, and corporations, using the Celsius services to meet the client’s needs.
People from 150 different countries can trade and utilize CEL tokens, making payments easier through CelPay. The network also has $30 million in insurance for assets that are stored in the Celsius wallet app. This provides more transparency and stability to the whole ecosystem of Celsius.
This article might have piqued your interest, and you may be asking where to buy a Celsius coin? Consumers can trade CEL tokens on Swapzone choosing the best deal out of the many, The token is available in different pairs, with cryptocurrencies as well as stablecoins. Here is the step-by-step guide on how you can exchange ETH to CEL:
An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.
There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.
Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.
If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.
Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.
The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.
The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.
To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.
There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.
If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.
There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.
To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.
Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.
Learn how to exchange cryptocurrency with the lowest fees or zero fees as well as how to find the best crypto exchange rates and choose the safest cryptocurrency exchange provider.