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Once you become a Celsian (a member of the Celsius community) you can start earning Bitcoin. How? Tell others about the platform and give them your Celsius Network referral code.
Many businesses on the web pay people to promote their products or services.
For example, you have a website about camping. You have a lot of traffic coming to your site. You could become an affiliate for a company selling camping equipment.
Someone clicks through to the company’s website using your affiliate tracking link. You earn a commission on anything that person purchases.
Some consultants and coaches have referral programs that pay for each person who retains that professional’s service. However, the new client rarely benefits financially from that referral.
Celsius doesn’t have an affiliate program. Instead, it has a referral program.
If you refer people to Celsius using your Celsius Network referral code, you’ll earn some Bitcoin. How much?
You’ll earn $50 USD in Bitcoin after each person deposits $400 in crypto to their account. And those people will also receive $50 USD in Bitcoin.
So it’s a win-win for both of you.
That’s one of the reasons I like Celsius. I don’t have to feel slimy referring people to it, because I know they’ll benefit along with me.
First, you have to join Celsius yourself. Once you’re a Celsian, you’ll receive a referral code, and a URL that you can add to emails or a website.
You’ll find your code and URL by clicking on the Promotions tab in the navigation at the website.
Once you’re on the Promotions page, click on the Referral Program tab.
Know someone who’s jumping at the chance to join and start earning more than the 0.1% interest they earn at a bank? Send your friend to this page:
This is best done when you’re with your friend. Why? Because he or she has to remember to click in the Referral Code text box near the bottom of that page and enter your code before clicking the Sign Up button.
A simpler way to ensure that your friend signs up using your referral code is to give him or her your referral link. Here’s mine, to show you what one looks like.
Do not use it to sign up for Celsius at this time. See the large note at the top of this page for details about why to stay clear of Celsius, at least for the short term.
Once your friend has entered all the information required and clicks the Sign Up button (or clicks on the Google, Facebook, Twitter or Apple button at the top of the page to sign up) he or she will now be a Celsian.
It’s now time for your friend to deposit at least $400 USD in one of the cryptocurrencies that Celsius supports. If your friend has already retired and is on a fixed income, I recommend depositing a stablecoin.
A stablecoin is a token that’s pegged to the U.S. dollar, or to the euro, or to some other fiat currency. That means it has almost no volatility. The most it will fluctuate is usually about half a cent on either side of one dollar.
Celsius accepts deposits of USDC, a well-respected stablecoin created by Circle. Coinbase, a large crypto exchange that’s listed on the New York Stock Exchange, is a member of Circle.
Celsius also accepts BUSD, a stablecoin created by Binance. Binance is one of the largest crypto trading exchanges in the world.
And Celsius accepts GUSD, the stablecoin of the Gemini exchange. The Winklevoss twins, early investors in Facebook, created Gemini.
I do not recommend using Tether (USDT). Tether refuses to let auditors check their books to determine whether each USDT is backed by one dollar of fiat currency.
So there’s no way to know whether an investment in USDT is safe, especially if you want to keep it long term and earn interest on it.
There are some other, lesser-known stablecoins. I recommend sticking with one of the big three for the least amount of risk. And higher interest rates.
Of course, if you friend wants to go for some asset appreciation (with the risk of depreciation), he or she can deposit crypto. Options include Bitcoin (BTC), Ethereum (ETH) and 30+ altcoins (cryptocurrencies that aren’t Bitcoin).
I recommend sticking with a stablecoin if your friend’s concern is about staying ahead of inflation.
If asset growth is a goal, and he or she can afford the risk of falling crypto prices, then an investment in BTC or an altcoin could be the right choice.
If you (if you used my referral link, above) or your friend lives in the U.S., the easiest way to get into the crypto market is to use Coinbase.
It’s also an excellent source of education about the crypto world. You can even earn crypto by learning about it!
Coinbase accepts direct deposits. Use it to buy crypto using dollar cost averaging.
Or simply use it for the one-time deposit of $400 USD into your account, which you can do from your bank or your PayPal account.
If you live outside the U.S., you may be able to use Coinbase for your crypto transactions. See this list of countries.
Once the $400 in stablecoin or other crypto is in the account, the 30-day bonus unlock timer starts to count down. Once the bonus unlocks, you can withdraw it to an exchange, if desired.
I recommend keeping it and earning a weekly reward on it. Or use the Celsius Swap feature to convert it to $50 of stablecoin to earn a higher reward. There won’t be any risk of price depreciation either.