If you have yet to deposit into Celsius through the Digifox app, here is some motivation. At Digifox, we’re not only big fans, but we also made it a major focus within the app because of the great interest rates. However, if you’re not convinced and looking for a push, here are three major reasons to deposit (at least) $100 into Celsius.
1. Earn Anywhere Between 2.5% and 15% Interest
There have been two long-standing issues in the financial world, one in the traditional banking system, the other in cryptocurrencies and DeFi.
First, banks have made it difficult to earn a reasonable yield on your savings. They are perfectly capable of doing so, but they have chosen not to.
Second, for a long time, it was impossible to earn any interest on your crypto holdings. While the value of what you owned might go up, if you wanted to earn, for example, ETH on your ETH, you couldn’t.
Now, both those problems have been solved with Celsius. Not only can you earn interest on your digital assets, you can also preserve the initial value of your U.S. dollar and earn 10% interest on it with USDC (United States Dollar Coin). USDC is perfect for people who don’t want the risk of fluctuating crypto values, but still want access to great interest rates.
2. Save For Your Future
Earning this interest can help when it comes to saving up money either for a small purchase in the short term (say, if you have a personal rule where you’re only allowed to buy a certain luxury item with the interest you earn from your USDC), or for a larger purchase years down the road.
Putting a few thousand dollars into savings to earn a high rate of compounding interest could essentially replace your savings account and serve as a retirement fund in addition to any other, more traditional accounts you may choose to have outside of DeFi.
3. Earn Entries To Be Awarded More Cash
Digifox wants to encourage you to put your money to work for you, while also offering you the chance to earn even more with our frequent “Invest In Yourself” challenges. Not only are we encouraging good habits, we’re also making it fun and adding another layer of saving by offering large prize pools and multiple opportunities to win.
Celsius can be accessed at any level (Pro or Basic) in Digifox. Make sure you’re approved for an account and start investing in yourself!