A referral code is a promotion that gives new customers for the Celsius Network a bonus of $40. There is only one bonus amount of $40 no matter which code that you use. The code also gives $40 to the referrer that has referred you, it is an incentive to grow the network. I like this promotional method as it puts more money in the pockets of new customers instead of on fancy marketing like banks do.
The Celsius Network Referral Code is 174501a0ec. Use it when signing up to get your Bitcoin bonus of $40 free.
Celsius Network is a legitimate company registered in the UK, founded by Alex Machinsky and Daniel Leon in July 2017. I have researched it thoroughly and am satisfied that they are completely legitimate, their goal is to provide a business through legal channels in all countries by following local laws, KYC and AML requirements. I have been using Celsius since October 2019 and have had very good results.
Referral codes work by giving new customers at Celsius Network a $40 bonus in Bitcoin and the referring person $40. Once you are a registered user at Celsius you can refer new customers and earn a referral bonus.
Celsius Network is a crypto interest app that works by lending money deposited in it by users to large hedge funds and investment banks and paying 80% back to the users. Loans are over-collateralized at 150% and no leverage is employed. The purpose of the loans is for arbitrage, market making and short selling by large banks and hedge funds without taking on crypto volatility risk.
Custody insurance for Celsius is provided by Fireblocks and PrimeTrust on assets. Celsius makes loans just like banks, but without leverage with 150% collateral, so no other insurance is required.
To share your referral code at Celsius Network follow these 5 easy steps: