This was posted 2 years 11 months 29 days ago, and might be an out-dated deal.

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Deposit US$5,000 of Any Crypto Asset, Receive US$150 in BTC (Existing and New Customers) @ Celsius Network

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Deposit US$5,000 of Any Crypto Asset, Receive US$150 in BTC (Existing and New Customers) @ Celsius Network
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Lucille Bluth on 23/11/2021 - 13:15 celsius.network (403 clicks)
Last edited 26/11/2021 - 12:33 by 1 other user
CELSIUSCARES

As per their website, new promo code for all users (not just new).

  • ensure you enter the code prior to making deposit
  • requires US$5,000 deposit (of any asset) within 30 days of activating the promo code
  • reward is US$150 BTC
  • lock period is 60 days (transferring assets out within the 60 days will disqualify you from receiving your reward)
  • deposit can be made in one or multiple transactions
  • you must maintain an account balance equal to or greater than your balance after completing your transfer of US$5,000 or more

There are also other promo codes that have been posted previously credit to hny3.

If you are a new user, take advantage of the referral link randomiser below to earn another US$50 BTC which will make it US$200 BTC.

Their yield rates can be found here

I have been with Celsius for a while and pretty happy with earning in kind for Bitcoin with rewards paid out weekly on Mondays. Also free unlimited withdrawals. They have recently however reduced their 6.2% APY for up to 1BTC to now being only 0.25BTC at 6.2% and the excess earning at 3.05%. I transfer my excess BTC out to other CeFi providers as a result (Ledn and Nexo)

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closed Comments

  • vodamerc on 23/11/2021 - 13:19
    +1

    Good deal, I'll transfer $5000 USDC out, apply code and send back in to trigger this.

    • Sir Mittens on 23/11/2021 - 13:21
      +1

      They ban accounts for doing this but you can try and let us know. Hopefully you’re good and the system doesn’t detect it.

      • chewkl on 23/11/2021 - 13:33
        +1

        Do they? I've done this once before, no warning emails or anything.

      • denpol85 on 23/11/2021 - 13:33
        +1

        Agree - be careful doing this. From what seen on Reddit, gaming the promo codes is high up on the list for getting accounts banned.

        • DrScavenger on 23/11/2021 - 14:24
          +1

          It doesn't say its excluded. Depends how big of a company they are. If they are small they will definitely try to ban those accounts

      • supersabroso on 04/12/2021 - 00:32

        Nah, that's not gaming the system, it's perfectly legit. Great deal as you get an effective APY of 28% for 2 months. Not many places you can safely earn that kind of yield on stablecoins. If the USD keeps going up like it is, you might end up with even more money after 2 months, AUD's really been smashed recently.

        Just be careful, if you apply the code, then do this it won't lock. Account balance baseline is set the moment you enter the code, so you want to enter the code on an empty account. Not a fully loaded account, otherwise your entire account value needs to remain there for 60 days.

        Don't enter any code unless you are right about to transfer assets in to get it to lock. Otherwise you'll end up permanently preventing your code from locking and missing out on it forever.

  • beach bum on 23/11/2021 - 13:22
    +2

    Saw Gemini exchange doing something similar ($150) if you purchase $1000 crypto.

  • MatrixM on 23/11/2021 - 13:41

    So 3% return across 60 days

    • Click_It on 23/11/2021 - 13:43
      +3

      Beats the banks 0.005% or whatever they're at these days over the same time period.

    • Lucille Bluth on 23/11/2021 - 13:52
      +1

      It is US$150 worth of BTC plus the deposit you make will also be earning additional rewards. e.g. USDC earns 10.02% APY

      60 days with USDC would earn ~US$83.50 + get US$150 BTC

      ~US$233.50 (existing customers) or
      ~US$283.50 (new customers) who use a referral link to get an extra US$50 BTC

      So closer to 0.046%-0.056% for locking in for 60 days.

      • rednammoc on 23/11/2021 - 15:11

        You need to consider gas fees for the transfer as well especially for ERC20 tokens such as USDC/USDT .

        in Binance,
        25USD fee for withdrawing USDC
        24USD fee for USDT

        Buying outright through credit card in Celsius kills interest rewards because of 3.5% fee.
        Bank transfer seems to be little complicated inside Celsius since you don't get the typical BSB and ACC number filling. No POLi / PayID either.

        Another thing to consider is USD/AUD conversion rate. If AUD got weaker against USD you will be getting more profits. The same goes other way around.

        The deal is still worth it though.

        • bongo007 on 23/11/2021 - 16:22
          +8

          This was mentioned in previous deal - transfer USDT via TRON20 to FTX App (make sure its the App, not website!) - $1 fee, then transfer from FTX via ERC20 to Celsius - FREE!

          • supersabroso on 04/12/2021 - 00:37

            @bongo007: Not quite that simple, you do need to buy and stake 25 FTT which costs around $1750. This has been working out well for me thus far as it's saved me about $300 in fees.

            • 76F on 04/12/2021 - 00:38

              @supersabroso: FTX (Blockfolio) app doesn't require staking.

      • Korban Dallas on 25/11/2021 - 22:33

        how does it pan out if you load up on CEL to get the 25% extra rewards.

        Problem is, will CEL drop more…

        • Lucille Bluth on 25/11/2021 - 22:35
          +1

          I don't bother with buying those to increase rewards. But if I was going to, I would probably do so for Nexo since it has outperformed CEL by a massive margin.

          I don't dabble with altcoins though, I am all in on BTC and don't want to dilute my holdings.

    • alexisagun8 on 24/11/2021 - 22:43

      No, your return depends on the asset. If you transfer TAUD (AUD Stablecoin) you can earn ~10% apy.
      The bonus BTC would be an additional 3% (18% apy for 60 days) assuming a constant BTC price.

  • rektrading on 23/11/2021 - 13:50
    +2

    I'm here for the haters who keep saying that this is a scam.

    BTW I would vote +1 for this deal but can't because of the rules.

  • nightelves on 23/11/2021 - 14:06

    Purchase the crypto card when it was $2k and have never looked back since.

  • Korban Dallas on 23/11/2021 - 19:01

    Hmm BNB 69.14% apy staking on stake2me validator

    Also need 7 days to unstake gaining no return.

    Probably drop to 30%

    30k = 39k by the end of the year.

    Not worth it for me

    • alexisagun8 on 24/11/2021 - 22:46
      +1

      69% apy staking BNB? Wtf???

      Im delegating to BscScanner and its ~20% ave?

      Edit: Oh i see Stake2Me is now inactive so now youre getting no rewards… https://www.binance.org/en/staking

      • Korban Dallas on 24/11/2021 - 22:56
        +1

        I distribute my load as to not put all my eggs in one basket. Only has 2 bnb in stake2me

        • alexisagun8 on 24/11/2021 - 23:01

          Ok fe fe
          I guess that makes sense

          • Korban Dallas on 24/11/2021 - 23:19

            @alexisagun8: What so you use? I use mostly legend

            • alexisagun8 on 25/11/2021 - 01:17

              @Korban Dallas: Only got a couple BNB staked, all in the BscScanner pool currently.

              When I transfer over some more I will probably go with one of the Legend pools.

              • Korban Dallas on 25/11/2021 - 15:43

                @alexisagun8: stake2me is active now with 70% apy :D

                • alexisagun8 on 25/11/2021 - 21:51

                  @Korban Dallas: Yeah but on average for the month of Nov they average 10% apy, way worse than most.
                  Data is posted on a reddit thread if you want to search it! :)

  • Riczter on 23/11/2021 - 21:36

    Can I deposit 2 or more different assets that add up to US$5000, or does it have to be one asset?

    • rektrading on 23/11/2021 - 21:55
      -1

      requires US$5,000 deposit (of any asset) within 30 days of activating the promo code

      • Riczter on 23/11/2021 - 22:14
        +1

        I saw this but it seems ambiguous. To me this could mean that you are allowed to do multiple smaller deposits of any single asset to make up $5000. Otherwise it should say “assets” plural…

    • Splurge on 23/11/2021 - 22:12
      +1

      User reports on the Reddit indicate that you can do this.

      • Riczter on 23/11/2021 - 22:14

        Legend, thanks

  • Nayfun on 24/11/2021 - 08:50
    +1

    Cheers, met the conditions with ADA.
    Just chill for the 60 days and then withdraw.

  • richox on 25/11/2021 - 17:52

    Any info on when this ends? I dont have 5k of crypto free right now but might have in a couple weeks.

  • Korban Dallas on 25/11/2021 - 23:05

    Hope they list HOGE / METAHERO / BINAMON

    expecting great things with these alts :)

    up 230% in a few months already.

  • adrianhughes1998 on 30/11/2021 - 23:15

    I'm totally new to this. How would this work tax wise, as I use Koinly to do my tax returns with SwyftX trading.

    • Lucille Bluth on 01/12/2021 - 09:43

      Celsius has an API

      By the way, you might want to look into the fees and spreads of Swyftx, they aren't the cheapest/best compared to say Binance, Coinbase Pro, Kraken etc.

      • adrianhughes1998 on 01/12/2021 - 14:42

        Thank you for this will stay with SwyftX cos of some benefits and trying to keep everything Australian, since I do my tax return myself.

        I think I will stake SOL with SwyftX, and now have to figure out how to declare that on the tax return since Koinly isn't clear, about what to do with staking.

        I'm guessing also that Celsius is basically staking tokens as well

        • Lucille Bluth on 01/12/2021 - 19:14
          +3

          Binance has a Pty Ltd in Australia for what it's worth. Swyftx isn't really an exchange but a broker for proper exchanges hence why they are more expensive. Trading fees are as low as 0.05-0.1% versus 0.6% with Swytfx. That is a lot, then on top of that you pay hidden fees with terrible spreads. You are essentially paying considerably more to get less crypto each time.
          Binance also has PayID, deposits and withdrawals are instant like Swyftx

          Solana I would stake through Solflare or Phantom Wallet, connected with your cold wallet e.g. Ledger. No KYC … No reporting since it's a DeX

          Celsius isn't staking. They lend out your crypto to others and pay you interest in kind or in their Cel token.

          • adrianhughes1998 on 01/12/2021 - 19:45

            @Lucille Bluth: Thank you for all this information it's an eye opener. Think I will move to Binance after all, I've literally been in crypto for a few weeks so it's all new to me.

            I have much more in BTC, so will probably go Celsius with that, rather than stake my SOL. Just checking tax implications before I jump in :/

            • Lucille Bluth on 01/12/2021 - 20:58
              +1

              @adrianhughes1998: No worries, any time.

              One thing you may miss is the nice easy to understand user interface in Swyftx but you'll get used to Binance I assure you.

              Good luck on your journey.

  • aboutconfig on 05/12/2021 - 09:57

    Can you use this code as well as ADA40 and get both bonus?

    • tajid on 07/12/2021 - 16:51

      Yes, you just need to transfer $5000 and $400 ADA. USD, not AUD.

      • aboutconfig on 08/12/2021 - 01:28

        Tried both BNB40 and ADA40, put in more than $400 USD worth of BNB and more than $400 USD worth of ADA, but only got bonus for BNB not for ADA.

        Tried to contact support but there's obviously no customer support in the app

        • tajid on 08/12/2021 - 08:59
          +1

          Did you do any withdrawals prior? Did you send in the order of the code you activated?

          If you've done everything correctly, support will be able to help get this sorted though can take a while.

          • aboutconfig on 09/12/2021 - 02:47

            @tajid: I activated the promo code ADA40 after CELSIUSCARES, and support has explained this to me.

            Now I have to send in $5000 USD to fulfill the requirement for CELSIUSCARES first, before the next $400 USD could be used for ADA40's $400.

            So yes $4600 USD to go…

  • peter05 on 07/12/2021 - 23:38

    When it says you need to "transfer" the assets in, does that include putting AUD into your account and buying the crypto? what constitutes a "transfer" into the account?

    • tajid on 08/12/2021 - 08:59

      You can't put AUD into the account.

      Most people just buy coins from exchange and transfer in.

      You can buy using credit cards in the app but the spread and fees make this not worthwhile.

      • peter05 on 08/12/2021 - 13:35

        ah gotcha, do you know where i can buy the True AUD from and transfer in?

        • tajid on 08/12/2021 - 13:35
          +1

          crypto.com

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