Do better than the 60,000,000 people who have bought coins by getting weekly compounded interest and more, here is how to…
A year after I bought my first bitcoin and some other coins, I discovered that I could do better than HODL them in wallet. Like in a bank but with a complete different set of mind some smart people offer 80% of their revenue to their community. I use that app for a bit less than 2 years now and have collected an average of more than 5% APY interest. Every Monday I receive my interests and those are compounded meaning that I have interest on the previous received interests.
I always start with a small test amount to verify if everything goes fine, in this case this €200 that will allow you to receive more than 200,000 satoshis (at the 9/2020 bitcoin rate. A satoshi is a 1/100,000,000 fraction of one bitcoin) after one month in your Celsius Network Bitcoin wallet.
The first thing you need to do is to register to the app, I showed you how to do that in a previous tutorial module. This module shows you how to buy your first (or perhaps not your first?) coin in an illustrated step by step way.
This module is dedicated to users having a European Bank Account, We will see how to buy for US bank account and credit card holders in a different module
The first action to take is to load the Celsius Network app
Then, let us go for buying coins!!
A quick reminder about the fees depending on the payment method
Click on Bank Transfer as shown:
Celsius Network uses the services of Gem as an intermediary to buy and transfer your coins in a secure and fast way.
For your security, Gem needs to make sure you are the legitimate owner of the email address you are using
You have 10 minutes to use the code you receive from Gem in the Celsius app
And fill the “Verification Code” box with it
A quick transition step
Now we select the type of coin we want to buy. In this case I want some of the king of it, I mean Bitcoin :)
And we put the amount of € we want to have in Bitcoin. By buying for €200 or more you will have a kind of discount of $20 in Bitcoin just by keeping that in your Celsius Network wallet for one month.
All right, this is a summary of the amount in Bitcoin and Euros transaction that we are making using a Bank Transfer.
As I said previously, this one is for European bank holder users
We are all set now, let us Continue to Buy
Important information for our Bank Transfer, but do not worry, you will receive an email with all this. It will be easier the note the details we need to complete the transfer from it.
Use the information contained in this email to fill your Bank Transfer. Of course you’ll use the “Message to receive“ of your email.
Now that we have done our payment following the previously received information, Coinify, the exchange platform, sends us a confirmation
And another message confirming everything is going fine. You see your Celsius Network destination wallet address mentioned as the “Delivery Address”
GREAT!! Now our transaction is part of the bitcoin blockchain!
Repeat as many times as you wish!!
