What is lending crypto?
The crypto market is rapidly growing and people are shifting their digital assets to crypto. Because this market has become highly profitable. In 2008, when Bitcoin came into being its price was $0.0008 and now it has crossed $61,000. So, you would have got an idea of how much crypto prices have jumped. Apart from crypto growth, Defi Crypto has also experienced a massive boost. Now you can lend crypto to earn a good profit on various platforms.
How to lend crypto?
Well, if you have extra currency crypto that you are not going to sell for a longer period then use it for collateral. For this purpose, you will have to use one of many crypto exchanges or other platforms. However, one of the best such platforms is Celsius Network. Create your account on this platform by clicking here while verifying your identity. Once you have verified your account then deposit your crypto fund in the Celsius wallet. Further, you will need to transfer these funds to a crypto bank wallet. Your crypto fund will be utilized for lending to others and eventually, you will earn profit.
Is lending crypto a good idea?
Lending crypto is good as compared to bank loans. Moreover, banks have a lot of paperwork to do as well as intermediaries. While lending crypto on Celsius Network gives you access to funding immediately once you have done with the collateral. Apart from this, Defi Staking earns you a good interest as well as for a borrower charges very little markup. However, crypto is a volatile market and risk factor is always there.
Is Celsius Network good to lend crypto?
No doubt, Celsius is one of the best platforms that provide centralized financial services. The following are the reason why this platform is good and why should you use it.
- Upon sign up, it gives you a $10 free reward
- No involvement of intermediaries
- Lowest markup rate
- No impact of bad financial history
So, create your account on Celsius, lend or borrow crypto and start earning.
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