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Use the Celsius Network Rewards Platform for More Retirement Income

Celsius has filed for Chapter 11 protection from creditors in U.S. courts. All all crypto deposited with Celsius remains unavailable.

If you continue to read any of the Celsius pages on CryptoRetirees.com, do so for informational purposes only. Do not join Celsius at this time.

I’ve removed all Celsius signup buttons and references to joining Celsius until I know more about the outcome of Celsius Network’s restructuring, and whether it will still be a viable way to earn retirement income.

If you’re like me, you want to park your money where you can keep up with the rate of inflation while reducing the risk of loss as much as possible.

Celsius Network lets you earn rewards up to 7%, and sometimes more, on your crypto assets.

If you’re a U.S. citizen or permanent resident, and you’re not an accredited investor, you can use Celsius Network to store crypto. You can even borrow against it.

Unfortunately, thanks to the Securities and Exchange Commission, you're not allowed to earn interest on crypto you hold on the Celsius platform.

What Is Celsius Network?

Celsius Network is a platform, and a community, where you deposit crypto and earn interest (Celsius calls it rewards) on the amount you deposited.

Celsius gives you two options for earning rewards — in-kind, and the CEL token. If you live outside of the U.S., or are a U.S. accredited investor, you have your choice of those options.

In-kind means that if you deposit Bitcoin (BTC), your reward will be in BTC. If you deposit Ether (ETH), your reward will be in ETH.

Why Would You Consider Earning the CEL Token Instead?

If you choose to earn CEL, once you reach a certain threshold, you receive a bonus, to as high as 30%, on top of the in-kind reward rate.

Here’s the breakdown on the bonus, which is based on your CEL token balance on the platform, or what percentage of your assets is in CEL:

Celsius loyalty reward tiersThe four tiers for earning loyalty rewards with Celsius. Note that the Bronze bonus tier begins with just one CEL token.

As an example, if your first deposit was $500 in Bitcoin, your reward rate would have no bonus. If you purchased just one CEL token (about $3 USD), you’d start earning a 10% bonus, paid in CEL tokens, on your Bitcoin.

So each week, if you selected to earn in CEL, you would receive an additional small percentage back.

As your CEL holdings grew to 10% of the total of your other assets, or 1,000 tokens, your bonus would increase to 15%.

As an indication of how popular it is to hold CEL tokens, over 70% of all Celsians are at the Platinum level, so they’re earning a 30% bonus every week on their rewards.

Two Caveats

Celsius and other platforms that provide rewards always talk about APY, or annual percentage yield.

That number reflects the total amount you would earn over an entire year based on weekly compounding (Celsius pays rewards to every Celsian’s account on Mondays).

The annual percentage rate (APR) is lower than the APY.

Also, if you have your holdings in BTC or other crypto tokens whose price can fluctuate, the total value of your assets will go up and down as coin/token prices go up and down.

This could result in your CEL percentage being just above a threshold one week and just below it the next week. That will affect how much interest you earn each week.

This article goes into more detail about the CEL token and why it’s to your advantage to own some.

Celsius Network Interest Rates

The interest rate varies on each coin or token you hold in Celsius. It can also vary week to week for each asset.

See this article for a discussion of why Celsius rates are variable.


If you decide to park a large amount of crypto on the Celsius Network platform (for example, $5,000), there may come a time when you need access to that money. Rather than cash out, you could take a loan and use the crypto as collateral.

And if you have CEL tokens, you’ll receive a discount on the already low loan rate.

Why would you want to take out a loan rather than withdraw the crypto and convert it into fiat money?

That’s the topic of this article about crypto loans in general.

Then read this article for more about how the Celsius Network loan program works.


Some of my readers have asked about Celsius Network fees. In short, there are none, unlike all exchanges and most other reward platforms.

In this article, I go into more detail about the Celsius Network business model and how it can afford to charge no fees.

The Celsius Community

Celsius Network communicates widely and often with its community members. This article covers its Twitter and Facebook accounts, its YouTube channel, the events its employees attend, and its ambassador program.

Promo Codes

There are ways to earn more for your money with Celsius. If you use a Celsius Network promo code, you can receive as much as $2,000 in Bitcoin. Or you can receive a discount on a crypto loan.

This article discusses the promo code system, and the various promo codes available to you.

Earn by Referring Others to Celsius

If you have a large network of friends and family, you can quickly grow your Bitcoin wealth by referring them to Celsius Network. And the best part is, you can do it without feeling slimy. Why?

Because you’ll both earn a referral bonus.

Learn more about how to find and use your Celsius Network referral code, and what the people you refer have to do to earn their bonus.

Comparing Celsius Network to Its Competitors

Celsius isn’t the only game in town if you want to earn enough on your assets to stay ahead of inflation.

This article looks at Celsius Network vs. BlockFi, which I also use.

This one discusses the Okcoin platform, where I’m earning on some crypto assets.


I’m often asked about how safe and secure Celsius is. Here’s a sample of questions I’ve received, some of which you may have asked yourself.

  • “Is Celsius Network legit?”
  • “Is Celsius Network safe?”
  • “How safe is Celsius Network?”
  • “Is Celsius Network a scam?”

In short, Celsius is safe and legit. And no, it’s not a scam.

I wouldn’t have more than half of my crypto assets there if it wasn’t safe. And several hundred thousand others wouldn’t keep their crypto there either.

That may not be enough to reassure you. So I wrote this article about Celsius Network security (and legitimacy). It covers everything you’ll want to know before you make a decision about depositing some crypto in Celsius.

And be sure to read this article about the wider topic of crypto security.

Help and Support

Celsius has four options to help you find what you’re looking for on the mobile app or website—a chatbot, a help center, an email-based help desk, and live support.

Learn more about the Celsius Network support options, and which will work best for you.

How to Use Celsius Network

The Celsius team has made the entire Celsius Network platform easy to use, within the constraints of its security measures.

These articles go into more depth about:

This Is Why I Like Celsius

This quote is from a Celsius blog post, published on February 9, 2022:

Celsius helps over a million customers worldwide to find the path towards financial independence through a compounding yield service and instant low-cost loans accessible via a web and mobile app.

Built on the belief that financial services should only do what is in the best interest of the customers and community, Celsius is a blockchain-based fee-free platform where membership provides access to curated financial services that are not available through traditional financial institutions.

I think that says it all!

Ready to Jump In Now?

The Celsius Network logo

If you’re ready to start earning high rewards just for owning crypto, click on the button below.

You’ll receive a $50 USD bonus, paid in Bitcoin, for joining Celsius and depositing $400 USD of crypto into your account.

Disclosure: If you use that button to join, Celsius will pay me $50 in Bitcoin for referring you. That way we can both grow our wealth faster.