Celsius Network – Earn Interest on Crypto – Deposit Promo Codes [Withdrawals Frozen]

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Update 6/13/22: Celsius has paused all withdrawals and transfers, certainly not a good sign.

The Offer

Celsius Network offers a cryptocurrency interest earning account.

At times they release deposit promo codes that provide an additional return on crypto deposits (in addition to the base return).

Existing User Promo Codes

The following is a table of Celsius Network deposit promo codes:

Released Last Used Promo Code Deposit Amount Deposit Coin Bonus Amount Bonus Coin Notes
2022-05-17 2022-05-17 STABLECOIN50 $2,500 USDC, USDT, GUSD, USDP, BUSD $50 BTC 180 Day Hold
2022-03-18 2022-03-18 LUNA20 $500 LUNA $20 LUNA 90 Day Hold
2022-03-18 2022-03-18 LUNA150 $5,000 LUNA $150 LUNA 180 Day Hold
2022-03-18 2022-03-18 LUNA600 $20,000 LUNA $600 LUNA 180 Day Hold
2022-03-01 2022-03-01 AVAX20 $500 AVAX $20 AVAX 90 Day Hold
2022-03-01 2022-03-01 AVAX150 $5,000 AVAX $150 AVAX 90 Day Hold
2022-03-01 2022-03-01 AVAX600 $20,000 AVAX $600 AVAX 180 Day Hold
2022-01-21 Dead ETH20 $500 ETH $20 ETH 90 Day Hold
2022-01-21 Dead ETH200 $5,000 ETH $200 ETH 90 Day Hold
2022-01-21 Dead ETH600 $20,000 ETH $600 ETH 90 Day Hold
2021-11-22 Dead CELSIUSCARES $5,000 Any Coin $150 BTC 60 Day Hold
2021-08-27 Dead ADA40 $400 ADA $40 ADA 30 Day Hold
2021-08-27 Dead ADA500 $20,000 ADA $500 ADA 90 Day Hold
2021-08-27 Dead STABLE10 $50 USDC/USDT $10 BTC 30 Day Hold
2021-08-27 Dead STABLE50 $200 USDC/USDT $50 BTC 30 Day Hold
2021-08-27 Dead STABLE600 $25,000 USDC/USDT $600 BTC 90 Day Hold
2021-07-23 Dead BNB40 $400 BNB $40 BNB 30 Day Hold
No USA
2021-05-28 Dead BTC50 $400 Any Coin $50 BTC 30 Day Hold
2021-05-28 Dead BTC600 $25,000 Any Coin $600 BTC 90 Day Hold
2021-05-28 Dead BTC2500 $250,000 Any Coin $2500 BTC 90 Day Hold
2021-05-06 Dead YESPLEASE $200 Any Coin $20 BTC 90 Day Hold
2021-05-06 Dead GOTCRYPTO $25,000 Any Coin $500 BTC 90 Day Hold
2021-05-06 Dead 2KSTABLE $250,000 Any Stable Coin $2,000 BTC 90 Day Hold
2021-04-02 Dead UN_BLOCK $25,000 Any Coin $500 BTC 90 Day Hold
2021-01-14 Dead Banter20 $1000 Any Coin $20 BTC 30 Day Hold
2021-01-14 Dead USDT20 $2000 USDT $20 USDT 30 Day Hold
2021-01-02 Dead 74209, 51148, 91258, 82688, 76855, 62807, 23337, 90736 $100 Any Coin $5 BTC Each Code $100/$5; 30 Day Hold
2020-12-23 Dead SANTA $500 Any Coin $25 BTC 30 Day Hold; Expires 2020-12-26
2020-12-11 Dead TRUST $2000 Any Coin $50 BTC 30 Day Hold
2020-12-04 Dead USDC20 $2000 Stable Coin $20 USDC 30 Day Hold
2020-11-13 Dead DNS $200 Any Coin $25 BTC Does not show properly
2020-11-11 Dead ETCLABS $100 ETC $5 ETC 60 Day Hold
2020-07-19 Dead SUMMER $200 Any Coin $20 BTC 30 Day Hold
2020-05-02 Dead SPRING $100 Any Coin $10 BTC Expires 20200503
2020-04-23 Dead POV $200 Any Coin $10 BTC 3 or 30 Day Hold
2020-04-22 Dead PAKMAN $100 Any Coin $10 BTC Expires 20200518
2020-04-20 Dead APRIL0410 $100 Any Coin $10 BTC US Only
2020-04-10 Dead UNITED $100 Any Coin $10 BTC Failed 20200418
2020-04-10 Dead MINEABLE $100 Any Coin $10 BTC US Only
2020-04-10 N/A SAGA $100 Any Coin $10 SGA Outside US Only
???? Dead CRYPT0 $100 Any Coin $10 BTC Failed 20200420
???? Dead CRYPTOLOVE $100 Any Coin $10 BTC Failed 20200420
???? Dead CELSIUS10 $100 Any Coin $10 BTC Tested 20200418
???? Dead HELLO10 $100 Any Coin $10 BTC Tested 20200418
???? Dead HELLO50 $500 Any Coin $50 BTC Tested 20200418
???? Dead CERTIFIED10 $100 Any Coin $10 BTC Tested 20200418
???? Dead CERTIFIED50 $500 Any Coin $50 BTC Tested 20200418
???? Dead NEWHOME $500 Any Coin $10 CEL Tested 20200418
???? Dead GAIN10 $100 Any Coin $10 BTC Tested 20200418
???? Dead GAIN50 $500 Any Coin $50 BTC Tested 20200418
???? Dead EARN10 $100 Any Coin? Tested 20200418
???? Dead EARN50 $500 Any Coin? Tested 20200418
???? Dead STABLE $500 Stable Coin (USDC, GUSD, TUSD, and PAX) $10 BTC Ended 20190818
???? Dead FREDERICFTW $500 Stable Coin (USDC, GUSD, TUSD, and PAX) $10 BTC Tested 20200418
2020-02-29 Dead LEAP $1000 Any Coin $100 BTC Ended 20200229
???? Dead FIREWORK Tested 20200418

New User Promo Codes

First time depositors can use promo code HODL50 which rewards $50 in BTC for a $400 deposit that is held for a minimum of 30 days.  [Note these codes are updated frequently]

This should also work when combined with a referral code [discussion], which also rewards $40 in BTC on a $400 deposit held for 30 days.  So to trigger both new user promotions a deposit of $800 would be required for an $80 bonus.  [It looks like only a referral code or a first time transfer code will now work].

The Fine Print

  • Promotional bonuses are generally locked for 30 days
    • Promotional bonuses are triggered by the addition of new funds [DP]
    • Triggering funds must remain on account for 30 days
    • Any withdrawals can cancel the bonus – examples [DPs]
    • Some bonuses may have shorter or longer lock periods
  • Full Celsius Promo Code FAQ

Geographic Restrictions

  • Celsius Network Earn product is not available in the following states: NY (Update May 2020 now available in NY), TX (not stable coins), and WA

My Simple Process

I worked through the active promo codes above, following a two step process:

  • I entered the promo code
    • Within the Celsius App -> Profile menu -> “Enter a promo code”
  • Then sent a USDC (a US dollar stable coin) deposit to my Celsius USDC wallet address

As soon as the deposit posted, the locked bonus became visible within my “Total wallet balance”

I worked through the promo codes one per day, but I think it might be OK to do multiple in series (add the promo code, make the deposit, repeat) on the same day.

There is a LeoFinance data point that the promo codes may stack.  I’m not sure if that still works, at the least it’s strongly discouraged in the FAQ and I assume could generate some sort of adverse action.  [Dave S notes that this may trigger the bonus but that it will later be cancelled].  I think the promotion is strong enough that I’ll do any active codes in sequence.

Our Verdict

Lending your cryptocurrency holdings to Celsius is much further out on the risk spectrum then lending your dollars to a bank for a signup bonus.

So please take caution and only consider this path if you can deal with even a complete loss of any crypto transferred [and as always please don’t consider this post as any form of advice].

For me personally, it’s a good deal:

  • As I figure, the base interest rate (7.25% on stable coins deposits as of 2020-04-15) compensates for the risk of loaning the crypto, so the bonus codes provide almost pure bonuses, or
  • If I look at the bonuses in terms of a percentage return.  A 10% return for the month is something like a 200% return for the year (if I could compound at that rate, and if I did the math correctly, [and of course this is on a limited amount of money over only a short period of time])

Celsius Network is also currently offering a signup bonus.

We look at some of the basics, options, and risks (No Insurance, Price, Technology, Counterparty, …) of crypto interest earning accounts in our Crypto Lending Options post.

Please share any new promotional codes in the comments below (your location inside or outside the US would also be helpful) and subscribe to the comments for the latest code updates.

All the best!

(HT: The Financier, CNW)

History

  • Update 07/19/2020: New promo code SUMMER discovered (HT: Kasey Cook)
  • Update 05/02/2020: New promo code SPRING added (HT: Tyler)
  • Update 04/23/2020: New promo code POV added (HT: Dave S)
    • Heads Up: This locked promotion will appear earlier in your transaction history because of the shorter 3 day lock period.
    • Please subscribe to comments if interested in receiving updates on new deposit codes, I will stop republishing this post on each new deposit code.
  • Update 04/22/2020: New promo code PAKMAN added (HT: Benji)
  • Update 04/20/2020: New promo code APRIL0410 added (HT: Papas)



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