Very few of us know that Bitcoin is not the recently acknowledged apprehension. It first hit the market back in ’09, and the world has changed a great deal since then. Notably, now most of us know everything aspect that concerns with crypto and it cannot be denied that it is something more than just a flash in the pan.
Those of you who know even a little about crypto seeks to start investing in it in order to gain some extra money. The idea has developed among netizens that crypto is the suitable and reliable medium through which they can easily make off money. Well, that notion stands true to the fact that you sink in some cash into the right crypto and see how it catches fire as once Bitcoin did.
If we talk about the numbers, Bitcoin is presently held by an estimated 23 million entities at the moment, and this number is expected to grow further in the coming time. While you can’t hope in a time machine to head back to the times of 2009 to invest in Bitcoin before its value and popularity exploded in the market, there is still rays of hope in the name of crypto which sees no reason why should not you pick on some of the popular places to trade crypto and invest in it.
Keeping the aforesaid background information in mind, let us have detailed talks about the Celsius Network in the following informative article. The present article discusses about what is Crypto and most importantly whether you should get invested into crypto in 2022 with your time and money in, or to say if it is worth for you to learn more about in. So, without further ado, let us get started with the article:
What is the Celsius Network?
The Celsius Network is a wealth management platform, one of the hundreds in a crowded marketplace. What sets it apart from some competitors is the way that it has embraced crypto and allows you to both trade different currencies there and also store your existing ones. If you have some different crypto assets right now, you can earn interest on them if you entrust them to the Celsius Network.
This network has been around since 2018, making it a relative newcomer to this niche. You can access and use it on both Android and iOS devices, as well as on desktops, laptops, and tablets.
They had an initial coin offering back in 2018. They introduced their own coin, CEL, as some of these platforms do. The ICO (initial coin offering) brought back an impressive $50 million at the time. This was enough to make them an instant contender in the rapidly growing crypto investment platform market.
Why Might You Sign Up for an Account with Them?
Many of these crypto platforms incentivize signing up with them in various ways. Some have their own credit cards, while others offer you interest if you store your crypto there.
The Celsius Network took a unique approach. They incentivize purchasing their CEL tokens by offering more interest if you buy them than they’ll give you if you buy and store other crypto forms there.
At the moment, they support more than 52 different cryptocurrencies. Like most other platforms, you can expect them to allow more crypto forms as time passes. They support Bitcoin, as virtually all of the others do as well, but also USD Coin, Chainlink, Uniswap, Ethereum, and many others.
The Platform’s Founder
Celsius Network is founded by Alex Mashinsky who is very well-known across the world for its pretty interesting and enigmatic figure. He is the man who was brain behind the development of the widely used Voice Over Internet Protocol, sometimes abbreviated as VoIP.
The Voice Over Internet Protocol technology is a groundbreaking technology and is one of the greatest sources to communicate with the internet without using telephone networks. When you think about this amazing technology, it is certainly not surprising why people consider Mashinsky a genius.
Alex Mashinsky is said to own more than 35 patents. When it comes to crypto, its charm has not left a stone unturned to lure Mashinsky who is a prolific inventor. Thus, an inventor this prolific would no wonder want to get on the crypto craze after seeing the potential it has.
Mashinsky even has his own famous YouTube channel, and he hosts “Ask Mashinsky Anything” events where nothing is off-limits. Presently he works towards helping other individuals on how to achieve financial independence which is really considerate and appreciated for a guy with virtually unlimited wealth and power.
Should You Use the Celsius Network?
To answer the question, of whether you should use the Celsius Network, we would like to make it very clear that If you’re getting into crypto, using the Celsius Network really makes sense. The onboarding process does not take much of your time, and you can avail its unique features if you live in more than 100 different countries.
If you’re using the app, you must be finding it very intuitive and streamlined. For Celsius Network, it is said that of you play around with this app for even a few moments, it is so intuitive that you will get learn about most of its unique features in no time, otherwise, there is host of helpful and guiding tutorials available that you can watch and learn how to use the app.
In the app, you will notice a dashboard where you will see your total earnings and balance if you create an account and invest in crypto there. You can even utilize a weekly breakdown with records that go back to when you joined the app. considering, its supportive features, it is hard to argue with the ease of use of Celsius Network.
The Celsius Network is presently standing at the top of the list of crypto investment and trading platforms and even a crypto newbie will probably enjoy learning about it.