Is Celsius a good cryptocurrency?

Celsius’ rates are much more straightforward than Crypto.com’s. Users earn a flat rate up to a certain amount and then a lower rate for anything above that amount. The cutoffs for interest rates change vary from cryptocurrency to cryptocurrency. For example, Celsius users earn maximum interest up to 1 BTC and 100 ETH.

How does Celsius pay interest?

The interest you earn is distributed in the form of the cryptocurrency you are lending. For example, if you have USDC in Celsius, every Monday you will receive more USDC.

What coins can I earn interest on in Celsius?

There are over 40 coins you can earn interest on in Celsius, including MATIC (up to 13.30% APY) and SNX (up to 17.78%APY). In contrast, Gemini Earn offers a fixed rate of 2.05 APY for BTC and ETH and up to 7.40% APY for stablecoins like DAI and GUSD, Gemini’s stablecoin. Gemini Earn supports the 40+ coins available in the Gemini exchange.

What APY / APR does Celsius offer?

The Celsius rates shown in the table above are in APY (Annual Percentage Yield), unless otherwise specified. APY takes into account compound interest, whereas APR (Annual Percentage Rate) does not.