Is Celsius Crypto Safe. Although celsius network isn’t a wallet, per se, it includes the ability to send and receive supported cryptocurrency through celpay. Your funds are actually in cold storage, therefore the interest you receive is not earned but subsidized, which sooner or later will lead to bankruptcy and you may lose all your funds.
Celsius itself is secure, but celsius are only as secure as the wallet storing them. If you choose to get a cel token payout, your payment amount can go up or down based on the cel price. Because celsius is on the internet, they are even easier to steal and much harder to return and trace.
In our view crypto.com is a relatively safe and trustworthy company that’s definitely legitimate, and on the same level as companies like coinbase — which we’d classify as very trustworthy and legit.
The digital assets held by celsius are insured by two companies, primetrust and firebloks. So if the answer you hear from any crypto lending company is your funds are safe because we have cold storage insurance, be aware that there are only two possible ways this could end: Make sure you have a place where you can save your password in a safe place like an offline usb key. But once the assets are borrowed to third parties, these two companies can’t provide insurance for those assets.
