Earning passive income with Celsius

I am earning passive income with lending and borrowing platform Celsius. This is an article on how I use this platform to do this.

Features

The main features of Celsius are:

• Lending coins
• Borrowing coins
• Buying coins

I use the platform only for lending coins and earning interest. The interest on the coins is interested especially because of the loyalty program, which I will describe later in this article.

Webapp and phone app

There is webapp version and a phone app version of Celsius. I use the phone app version because most settings can only be updated there. I use the web app version only to check the status of my earnings.

Depositing coins

Given the fact that you have some coins (bought on this platform or on another exchange), it is easy to deposit to Celsius.

On the phone app:

• Select Transfer coins
• Select the coin you want to transfer and copy the address you need to use as deposit address
• Go to the exchange/wallet you want to sent the tokens from and use this address.

Earning interest by HODL