Can I Withdraw?

If I have a locked promo code, can I withdraw any assets without cancelling my promo?

Promo codes are one of the most effective ways for users to get ‘bonus rewards’ and for Celsius to increase their assets under management. However, many users are confused or have lots of questions surrounding the exact terms & conditions for withdrawals and the cancellation of their promo codes. This is by far the most confusing challenge surrounding locked promo codes. Many Celsians believe that after locking a promo code, any withdrawal will cancel the promotion. However, this is not true at all. Withdrawals are allowed and promo codes will not be canceled as long as you follow the rules.

It all has to do with the Snapshot Balance and the subsequent ‘Cumulative Sum‘ calculation. Whenever you enter a promo code, Celsius uses this Cumulative Sum calculation to determine how much crypto assets you can withdraw without canceling your promotion.

Cumulative Sum =
sum of ALL deposits + withdrawals
AFTER you ENTER any NEW promo code

The key here is that your Cumulative Sum RESETS to zero ($0) every time you enter a new promo code. This is an important detail!

Below is our Balance Snapshot Cheat Sheet that explains how different scenarios will offer you the opportunity to withdraw assets without cancelling your promo code. You can click to expand the image. Hopefully this helps!

Celsius Promo Codes – Balance Snapshot Cheat Sheet Infographic

Here are 5 examples using the STABLE50 promo code that requires $200 USDC (or USDT) deposited and held for at least 30 days. If all terms & conditions are met, the user gets $50 BTC for free!

Scenario 1
  • Enter STABLE50 into Celsius app and deposit $200 worth of USDC
  • Cumulative Sum = $200 USDC = $200
  • Balance Required = $200 USDC | Excess Deposits = $0
  • Withdrawals? NO! Any withdrawal will cancel your promotion.
Scenario 2
  • Enter STABLE50 into Celsius app and deposit $200 USDC and $800 ADA
  • Cumulative Sum = $200 USDC + $800 ADA = $1,000
  • Balance Required = $200 USDC | Excess Deposits = $800 ADA
  • Withdrawals? YES! You can withdraw up to $800 worth of ANY asset (except USDC). If you withdraw any USDC, your account will drop under required $200 USDC for the promotion.
Scenario 3
  • Enter STABLE50 into Celsius app and deposit $400 USDC and $600 ADA
  • Cumulative Sum = $400 USDC + $600 ADA = $1,000
  • Balance Required = $200 USDC | Excess Deposits = $200 USDC + $600 ADA
  • Withdrawals? YES! You can withdraw up to $800 worth of ANY asset. But only up to $200 of the $800 can be USDC. Otherwise, your account drops below the $200 USDC required.

Hang on… but what if you enter a NEW promo code when you have a locked promo code already?

Scenario 4
  • Enter STABLE50 into Celsius app and deposit $400 USDC and $600 ADA
  • Cumulative Sum = $400 USDC + $600 ADA = $1,000
  • And then later, you enter BNB40 and deposit $400 BNB
  • CUMULATIVE SUM IS RESET!!! The excess deposits accumulated after entering STABLE50 and before entering BNB40 no longer apply.
  • New Cumulative Sum = $400 BNB = $400
  • New Balance Required = $400 BNB | Excess Deposits = $0
  • Withdrawals? NO! Any withdrawal will cancel your promotion because your Cumulative Sum resets every time you enter a new promo code!
Scenario 5
  • Enter STABLE50 into Celsius app and deposit $400 USDC and $600 ADA
  • Cumulative Sum = $400 USDC + $600 ADA = $1,000
  • And then later, you enter BNB40 and deposit $500 BNB and $500 BTC
  • CUMULATIVE SUM IS RESET!!! The excess deposits accumulated after entering STABLE50 and before entering BNB40 no longer apply.
  • New Cumulative Sum = $500 BNB + $500 BTC = $1,000
  • New Balance Required = $400 BNB | Excess Deposits = $100 BNB + $500 BTC
  • Withdrawals? YES! Since BNB40 requires $400 BNB deposit, you can withdraw up to $600 worth of ANY asset. But only up to $100 of the $600 can be BNB. Otherwise, your account will drop below the $400 BNB required.

PLEASE NOTE: Your Cumulative Sum RESETS to ZERO ($0) each time you ENTER any NEW Promo Code!