- Features
- Ease of use
- Security
- Support
- Reputation
- Fees
- Overall
Pros and cons of Celsius Network
Pros
- No Minimum Deposits or Balance
- No fees
- Competitive interest rates, particularly on Stablecoins
- Fee-free, instant payments via CELPay
- Weekly Rewards. Each Monday, you'll earn interest.
- Large variety of supported cryptocurrencies
- You can two options for earning your crypto interest. You can either earn the same coin as you had deposited or earn in CEL, Celsius' native coin. Earning is CEL will earn an additional 5-30% interest.
Cons
- No web app
- Need to be paid in native currency in order to earn higher interest rates
- Know Your Customer (KYC) is required if you're looking to earn interest. This means you'll need to submit your ID and SSN.
- Interest rates can fluctuate quite a lot
- You'll only be able to use one withdrawal address for each crypto. If you wish to change, there will a 24-hour hold on your account.
- United States users will not be able to take advantage of earning in CEL.
Pros and cons of Ledn
Pros
- No "utility" tokens
- Bitcoin focused company
- Cold-storage and proof-of-reserves
- No monetization of users' data
- Two-factor authentication
- Data stored on private networks blocked from public IPs
- Bitcoin offered through BitGo Custody
- Minimal personal information requirements to open an account
- In-house KYC and AML verification
- No penalty fees for deposits and withdrawals
Cons
- New company, two years old as of August 2020
- Limited choices, offers a standard loan plan
- No mobile app, only accessible in a web browser
- Not available to individuals sanctioned by Canada
- Not open to residents of New York, Connecticut, Washington, and Wyoming
USD Margin Lending
- Return rates optimized daily
- Secure, stable investment growth
- No minimum
- No lock-up period, withdraw anytime
| Coin | Platform | 5 Star Rating | Interest Rate (APY) | Visit |
|---|---|---|---|---|
| USDC | Nexo | 5 | 10% | Go to site |
| BTC | Nexo | 5 | 6% | Go to site |
| USDC | BlockFi | 4 | 8.6% | Go to site |
| BTC | BlockFi | 4 | 5% | Go to site |
| USDC | Celsius | 4.5 | 8.88% | Go to site |
| BTC | Celsius | 4.5 | 6.2% | Go to site |
| USDC | Hodlnaut | 3.5 | 10.5% | Go to site |
| BTC | Hodlnaut | 3.5 | 6.2% | Go to site |
| USDC | CoinLoan | 3.5 | 12.3% | Go to site |
| BTC | CoinLoan | 3.5 | 7.2% | Go to site |
| GUSD | Gemini | 1.5 | 7.4% | Go to site |
| BTC | Gemini | 1.5 | 2.05% | Go to site |
| USDC | Crypto.com | 4.5 | 12% | Go to site |
| BTC | Crypto.com | 4.5 | 6.5% | Go to site |
| USDC | Ledn | 2 | 9.5% | Go to site |
| BTC | Ledn | 2 | 6.1% | Go to site |
Frequently asked questions about Celsius Network
We’ve compiled some answers to questions we often get. Should you have any other questions, feel free to reach out below in the comments.
How often does Celsius Network pay interest?
Celsius Network pays interest every week.
Can I earn interest on fiat currency with Celsius Network?
Celsius Network doesn’t pay interest on fiat currencies, however, they do offer high interest rates on TUSD, TGBP, TAUD, THKD and other stablecoins. This is a great option for people who want the stability of a fiat currency like USD, but the savings interest rates of crypto currency.
How does the Loyalty Tier System work?
Celsius Network offers a loyalty tiered system for earning interest in CEL. The tiers are Bronze, Silver, Gold, and Platinum. For more information on the system, head here.
How do I contact Celsius Network support?
Celsius has 50 dedicated support agents to assist our customers and active community groups across Telegram, Twitter, Reddit and other channels.
Frequently asked questions about Ledn
We’ve compiled some answers to questions we often get. Should you have any other questions, feel free to reach out below in the comments.
What Services Does Ledn Offer?
When you open a Ledn account, you gain access to a suite of products, permitting you to take the greatest advantage of your digital assets. The platform's savings products provide customers with extra yield.
Ledn's credit products permit customers to HODL their Bitcoin while still accessing dollars to purchase more crypto holdings.
How Does Ledn Wallet Work?
Ledn Wallet is a segregated wallet address for on-chain, real-time verification, or proof-of-reserves. Ledn offers insurance on user's assets through BitGo Insured Custody. As a result, you can rest assured your assets are safe with Ledn.
How Secure Is Ledn?
What about security? The website relies on multiple layers of protection to keep its users safe.
These include the use of passwords and HTTPS. All data deemed sensitive is encrypted with AES-256 and controlled by a set of strict internal security policies.
What's more, the platform requires additional two-factor authentication and login actions to verify users' authenticity. Ledn keeps collateral Bitcoin in cold storage offline in vaults rated institutional-grade. These are located throughout Canada.
What Steps Does Ledn Take to Protect User Privacy?
Ledn doesn't monetize or sell any of its customer data to third parties, which is a significant relief for those using this platform. This approach to privacy means a reduced risk of data breaches, which is fantastic, no matter how you slice it.
What data does Ledn require from users? Only what's needed to meet compliance requirements. That said, the company never overreaches beyond requests for absolutely necessary information.
Can I Withdraw Assets at Any Time?
With a Ledn Savings Account, you can withdraw funds without any penalties at any time. You may also pay off your loan without any early payment penalties.
Withdrawal requests get processed quickly, and the platform strives to have your Bitcoin in your wallet within 24 to 72 hours.
How Does Ledn Store User Data?
They store this data on private networks, blocked from public IPs. You may also request that Ledn delete this data at any time, making it an excellent option from a privacy standpoint.
- Features
- Ease of use
- Security
- Support
- Reputation
- Fees
- Overall