Celsius Network is a Good DeFi Solution to Discover

Introduction

This is a project I have heard about in 2019 and I never took the time to investigate it. Celsius Network is an application that specializes in the world of DeFi, which means decentralized finance.

Their core business is to replicate the bank system in the sector of saving and borrowing money. In their case, they do it with crypto and the banks with the regulated fiat system.

So far this is the third DeFi solution I test. I already did Nexo and Crypto.com.

Celsius Network registration

It is not possible to create an account on their web site and I was a little confused by that. Where can I create an account?

I found the response quickly; it is with the mobile APP. I have installed the APP but I have not created my account yet. You need to be aware that you need to make the KYC before you can use this DeFi. I know regulation sucks but it brings legality into the crypto space.

If we want mass adoption, people expect to have regulations and security in place.

Presentation of the website

You can watch the video I made about what you can expect from Celsius Network. I know it is a little bit long but I share my spontaneous knowledge of DeFi while I recorded the video.

Watch it and follow my YouTube channel crypto and coffee if you like my content.

What I like the most

The magic term that we call passive income is what excites me the most about DeFi. We have stability with stablecoins and to be able to make interest with our crypto that takes the dust on our cold wallet is cool.

Wow, Celsius Networks support over 25 cryptocurrencies with which you can make interest. The interest level varies for each crypto, the liquidity pool, and other factors.

I am pretty confident that you are going to find cryptocurrencies to make interest with. I believe passive income is good in the crypto bear and bull market! Why not take advantage of this opportunity.

What I did so far with Celsius Network?

I have installed the APP on my smartphone and I am ready to make the registration. I intend to make the KYC customer and explore this solution because I have heard good news from it.

It is cool to receive interest every Monday without doing anything. The only action I need to take is to make the move to use this solution as a passive income for me.

Last word

Passive income is something that everyone needs to have in place to create wealth.

The freedom to choose what you like in life is something everyone needs to put as a goal. DeFi offers you a solution on the table to build your wealth and this will be taken for granted in a couple of years.

Now you can explore Celsius Network.

Chesatochi.com – For the love of crypto and coffee

PS: I am not a financial adviser, and this is only my own opinion. Always do your own research before embracing investment in the crypto space

---

Posted from my blog with SteemPress : https://chesatochi.com/celsius-network-good-defi-solution-discover/

---