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

June 13, 2022
490 Comments
by Don L

Celsius filed Chapter 11 bankruptcy in July 2022.  My sincere apologies this was a bad idea.

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:

ReleasedLast UsedPromo CodeDeposit AmountDeposit CoinBonus AmountBonus CoinNotes
2022-05-172022-05-17STABLECOIN50$2,500USDC, USDT, GUSD, USDP, BUSD$50BTC180 Day Hold
2022-03-182022-03-18LUNA20$500LUNA$20LUNA90 Day Hold
2022-03-182022-03-18LUNA150$5,000LUNA$150LUNA180 Day Hold
2022-03-182022-03-18LUNA600$20,000LUNA$600LUNA180 Day Hold
2022-03-012022-03-01AVAX20$500AVAX$20AVAX90 Day Hold
2022-03-012022-03-01AVAX150$5,000AVAX$150AVAX90 Day Hold
2022-03-012022-03-01AVAX600$20,000AVAX$600AVAX180 Day Hold
2022-01-21DeadETH20$500ETH$20ETH90 Day Hold
2022-01-21DeadETH200$5,000ETH$200ETH90 Day Hold
2022-01-21DeadETH600$20,000ETH$600ETH90 Day Hold
2021-11-22DeadCELSIUSCARES$5,000Any Coin$150BTC60 Day Hold
2021-08-27DeadADA40$400ADA$40ADA30 Day Hold
2021-08-27DeadADA500$20,000ADA$500ADA90 Day Hold
2021-08-27DeadSTABLE10$50USDC/USDT$10BTC30 Day Hold
2021-08-27DeadSTABLE50$200USDC/USDT$50BTC30 Day Hold
2021-08-27DeadSTABLE600$25,000USDC/USDT$600BTC90 Day Hold
2021-07-23DeadBNB40$400BNB$40BNB30 Day Hold
No USA
2021-05-28DeadBTC50$400Any Coin$50BTC30 Day Hold
2021-05-28DeadBTC600$25,000Any Coin$600BTC90 Day Hold
2021-05-28DeadBTC2500$250,000Any Coin$2500BTC90 Day Hold
2021-05-06DeadYESPLEASE$200Any Coin$20BTC90 Day Hold
2021-05-06DeadGOTCRYPTO$25,000Any Coin$500BTC90 Day Hold
2021-05-06Dead2KSTABLE$250,000Any Stable Coin$2,000BTC90 Day Hold
2021-04-02DeadUN_BLOCK$25,000Any Coin$500BTC90 Day Hold
2021-01-14DeadBanter20$1000Any Coin$20BTC30 Day Hold
2021-01-14DeadUSDT20$2000USDT$20USDT30 Day Hold
2021-01-02Dead74209, 51148, 91258, 82688, 76855, 62807, 23337, 90736$100Any Coin$5BTCEach Code $100/$5; 30 Day Hold
2020-12-23DeadSANTA$500Any Coin$25BTC30 Day Hold; Expires 2020-12-26
2020-12-11DeadTRUST$2000Any Coin$50BTC30 Day Hold
2020-12-04DeadUSDC20$2000Stable Coin$20USDC30 Day Hold
2020-11-13DeadDNS$200Any Coin$25BTCDoes not show properly
2020-11-11DeadETCLABS$100ETC$5ETC60 Day Hold
2020-07-19DeadSUMMER$200Any Coin$20BTC30 Day Hold
2020-05-02DeadSPRING$100Any Coin$10BTCExpires 20200503
2020-04-23DeadPOV$200Any Coin$10BTC3 or 30 Day Hold
2020-04-22DeadPAKMAN$100Any Coin$10BTCExpires 20200518
2020-04-20DeadAPRIL0410$100Any Coin$10BTCUS Only
2020-04-10DeadUNITED$100Any Coin$10BTCFailed 20200418
2020-04-10DeadMINEABLE$100Any Coin$10BTCUS Only
2020-04-10N/ASAGA$100Any Coin$10SGAOutside US Only
????DeadCRYPT0$100Any Coin$10BTCFailed 20200420
????DeadCRYPTOLOVE$100Any Coin$10BTCFailed 20200420
????DeadCELSIUS10$100Any Coin$10BTCTested 20200418
????DeadHELLO10$100Any Coin$10BTCTested 20200418
????DeadHELLO50$500Any Coin$50BTCTested 20200418
????DeadCERTIFIED10$100Any Coin$10BTCTested 20200418
????DeadCERTIFIED50$500Any Coin$50BTCTested 20200418
????DeadNEWHOME$500Any Coin$10CELTested 20200418
????DeadGAIN10$100Any Coin$10BTCTested 20200418
????DeadGAIN50$500Any Coin$50BTCTested 20200418
????DeadEARN10$100Any Coin?Tested 20200418
????DeadEARN50$500Any Coin?Tested 20200418
????DeadSTABLE$500Stable Coin (USDC, GUSD, TUSD, and PAX)$10BTCEnded 20190818
????DeadFREDERICFTW$500Stable Coin (USDC, GUSD, TUSD, and PAX)$10BTCTested 20200418
2020-02-29DeadLEAP$1000Any Coin$100BTCEnded 20200229
????DeadFIREWORKTested 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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