Celsius – The BEST rates on SNX & MATIC and GREAT rates for stablecoins and other assets

Deposit your MATIC/SNX with Celsius and earn 13.99% APY MATIC/SNX staking rates Deposit USD Stable Coins for 12.50% APY

MATIC & SNX are pretty promising cryptocurrencies and hands down, the best rates on both are with Celsius. At 13.99% APY, you get 13.99% MATIC staking rates and 13.99% SNX staking rates – among the top rates currently available for any non stablecoins among the various providers we compare. Your interest compounds on the underlying asset, not the fiat value, so it’s perfect for increasing the value of assets you plan on holding for the long term. If you deposit 1 SNX or 1 MATIC and hodl it for 5 years, you’ll withdrawal 1.5 SNX or 1.5 MATIC. If you hodl for 9 years, you’d double your initial investment.

For international users, get even more if you want to get paid in CEL

While it’s not an option for us, since we are US based, you can increase that 13.99% APY to 18.55% APY if you elect to receive interest not in the underlying asset (MATIC or SNX), but in the Celsius token (CEL). You can choose your interest accrual options separately for each asset (MATIC, SNX, BTC, LTC).

In addition to being the top rate for SNX and MATIC, Celsius will also pay 12.50% on USD Stablecoin assets you let them hold (or 16.54% if you elect to be paid in CEL). Non-USD stable coins (TCAD, THKD, TAUD, & TGBP) offer generous terms as well at 10.51% when paid out in the underlying asset and 13.86 when paid out in CEL.

Account opening bonuses – $60 total

If you open an account through my link and fund it with at least $200, Celsius will give you $20 from my referral link and if you enter the Promo Code WEB40 in the Celsius phone app, as early as possible, Celsius will also give you an additional $40 under the same terms as the referral bonus.

NOTE: Celsius pays the bonus after 30 full days of maintaining a balance above $200 (I chose a USD Stablecoin to ensure the value didn’t decrease below $200 and received both bonuses exactly 30 days after setting up my account).

So much better than banking interest rates

I know my banks are offering between 0% and 1% at best and that includes credit union CD rates. 12.5% is a lot better than I’m seeing available in most retail markets. My Credit union is less than 1% right now on CDs that lock up funds for years. If something comes up, you can liquidate your Celsius holdings quickly without issue.

A practical example

Let’s say you deposit $10,000 in a USD stablecoin for 365 days. At the end of the year, you’ll have $1,250 in interest. Interest is paid out weekly, so you can withdrawal at anytime during that year and receive the interest you have accumulated.

My Opinion

All told, I’m happy so far with my experience with Celsius as I’ve explored it over the last couple months or so. I can heartily recommend them. The one caveat I would say is that I prefer to pair Celsius with Coinbase. Coinbase easily exchanges/converts any crypto back to USD, whereas Celsius is all about just hodling or not. When I want to withdrawal crypto to USD via Celsius, I send the asset to Coinbase, then liquidate it through Coinbase and deposit to my bank.