Title: Top 4 Crypto Lending Alternatives to Celsius Network
Jul 07, 2022 03:00AM ET
Lending is one of DeFi's popular services, but not all lenders manage to stay afloat.
Earlier, Celsius Network suspended all withdrawals, swaps, and account transfers, citing extreme market conditions.
Celsius, Cake DeFi, Crypto.com, and Gemini Earn are all great alternatives to Celsius.
When it comes to convenience and affordability, Cake DeFi has no equal in the cryptocurrency industry.
Its features include lending, betting, and liquidity mining, with support for stocks coming soon.
Additionally, Cake DeFi caters to both crypto enthusiasts and novices alike through convenient fiat ramps and detailed guides on how to become a part of the Cake DeFi platform.
There are plenty of reasons for one to gravitate towards Nexo, regardless of being a Celsius user. The London-based firm manages billions of dollars in assets and has a user base spanning over two million enthusiasts.
Additionally, it provides attractive returns on top cryptoassets like BTC and ETH while maintaining stable coins and other assets. Those who choose to receive interest on NEXO tokens can unlock an additional 2% APY, which can be attractive. Having options is always helpful.
Another solid alternative to Celsius is Crypto.com, a growing ecosystem of products and services for cryptocurrency enthusiasts globally.
The Hong Kong-based firm facilitates trading, spending, lending, betting and more. Users can earn up to 12% APY on their cryptoassets, although the availability of supported assets may vary by region.
Like Binance, the Gemini exchange has its own Earn feature where users can earn interest by contributing their cryptoassets.
With support for several dozen currencies and tokens, there is an APY exploration opportunity of up to 7.4%.
It's good to see support for the most popular crypto assets on the market, and there are no hidden fees or commissions to worry about.
Gemini Earn also has no minimum threshold and allows users to unlock their assets at any time.