I’m torn about this, because I’m not too confident on the CEL token; it’s quite literally a utility to get cheaper prices via Celsius. Surely it only becomes really valuable when companies like Tesla want to leverage their Bitcoin and 25% off of fees is a sizeable chunk of 1bn$
imo CRO is a declining asset, MCO was a lot better
Yes but I mean the amount you have to stake now isn’t X amount of coins, it’s whatever X amount of coins £300/3000/30000/300000 is
These are all valid points. The Cel token is limited and Celsius has to buy them to pay out. When I first got in on it they were 25p, they are now £4.60 and as I hold many different coins and tokens in it I get a fair payout in Cel.
I would agree with you about Cro and I’m only in it as they support a token that Celsius doesn’t.
Celsius are profitable and can afford it, I don’t see it necessarily going to £100 in 3 days but I do see it slowly and surely going up over the next 5-10 year period, at a rate of probably higher than 10% APR. As a result, I get my TGBP interest paid in CEL, because it pays at 12.65% and gives me whatever upside CEL earns on top of it in growth
This is one I’d recommend paper handing. Swap over to ETH and HODL there. My money is on ETH 2030 is at 20k
They’re probably paying a lot for the visa partnership, doubt this is a priority of theirs when they own crypto.com as a brand and can leverage it heavily
? Binance Chain wrapped ETH? I get 4% PA or something now on my ETH with Crypto.com and I’ll probably send it over to Celsius post-stake ending
Not sure if I want to park some money with NEXO too, NEXO token could be somewhat lucrative since they pay 30% of profits out as dividends (via repurchasing I think?)
Isn’t it free w/ Binance or CDC; at the very least it’s cheap
No, it’s beacon ETH which introduces proof of stake to the ETH ecosystem. So basically you’re staking ETH to secure the network (Read this for more info: The Beacon Chain | ethereum.org). I currently use Binance to trade my ETH to BETH and it gives you around 7.1% staking rewards, all you have to do is hold BETH in your spot wallet.
Bank transfer is way cheaper on Binance, 0% fee for transfers and 0.075% for trades.
I bought Matic for the Interest on Celsius. Then days later it went from 2p to £1 then hit an ATH of £1.67. It’s now around 50% of my Portfolio and I got just over $20 interest in Cel from it.
I expect it to tank any moment
Heard good things about Celsius, will check it out if you still have that invite code
I’ve also used Nexo in the past but now mostly staking on Kraken / Hotbit because they support all the Polkadot ecosystem coins.
Which coins are you staking? Would be great if one platform could do all of them
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Also curious, do any of you know what banks are decent for crypto? Starling have blocked being able to use your debit card for it + blocked being able to transfer to exchanges