Tips for Beginners

New to Celsius? Want to join a community of crypto HODLers who want financial freedom? Unbank yourself today by joining Celsius Network!

If you are looking to join Celsius network, here are some important Tips for Beginners. Please consider reading this article in its entirety before starting the sign-up process.

As a new Celsius user, the sign-up process is both fast and efficient. However, there is a lot of info and things to do involving steps after the initial sign-up that could be confusing or challenging for some beginners. Celsius for beginners is intuitive, but here are some great tips and tricks for new Celsius users to help you along your exciting journey.

Tip #1: Referral Code

When setting up your account, a new Celsius user has the ability to enter a Celsius ‘Referral Code’. A referral code usually has 10 characters (mix of letters and numbers) and comes from an existing Celsius user or corporate account. There’s a blue callout box during the account setup process where you can enter one referral code of your choice.

PLEASE NOTE: Special tip for beginners… as a new Celsius user, you MUST enter the referral code during your initial sign-up process. If you don’t enter it on the first sign-up screen, there is no turning back and you won’t get the bonus rewards.

The current promotion (for a limited time only) is: Get $50 worth of Bitcoin (BTC) if you transfer at least $400 USD worth of assets within 30 days of your account setup. You need to keep those assets in your wallet for at least 30 days.

If you find our website helpful, please consider using our referral code (1642578c7d) for your new Celsius account. Thank you!

Tip #2: Celsius Wallet Security

As with any online account, it is imperative that you follow best practices in regards to safety and security of your wallet. This is especially true in the crypto space, where cybercrime and hackers are everywhere. However, by following some simple steps, you can sleep easily without worrying about your Celsius account.

Essentially, new Celsius beginners should be aware of the following:

  1. Use a unique email address
  2. Choose a strong password
  3. Store your password in a safe offline place
  4. Turn on biometric authentication
  5. Turn on 2-factor authentication (2FA)

There are 2 other wallet security tips for beginners that we will discuss below: whitelisting withdrawal addresses and turning on HODL Mode. They both deserve extra explanation.

Tip #3: Whitelist Withdrawal Addresses

An often overlooked first step in setting up your new Celsius wallet is to whitelist withdrawal addresses for all of your assets. A ‘withdrawal address’ is the address where you eventually want to withdraw your assets to. ‘Whitelist’ means that you’ve reviewed and confirmed that the withdrawal address is correct.

New Celsius users can add their withdrawal addresses by following these simple steps:

  1. Go to the main menu (Celsius logo)
  2. Choose ‘Profile
  3. Choose ‘Security
  4. Choose ‘Change withdrawal addresses‘ (same for adding addresses)
  5. Enter your wallet address that you want to whitelist (remember to copy and paste or scan a QR code and then double-check)
  6. Confirm using PIN or biometric authentication
  7. Add an address ‘label‘ (optional)

Here are some special tips for beginners in regards to whitelisting your withdrawal addresses:

  • You can only whitelist one (1) withdrawal address per asset
  • Whenever you add or change a whitelisted withdrawal address, withdrawals for that specific asset will be locked for 24 hours (for example, if you change your Bitcoin address, only your Bitcoin wallet will be locked for withdrawals for 24 hours. No other wallets will be locked and you can deposit any asset including Bitcoin during this locked period).

Special tip for beginners: We advise that you add ALL your withdrawal addresses as soon as you decide where you want to eventually withdraw your assets. Many Celsius users are caught off guard when they encounter the 24 hour lock period after adding or changing a withdrawal address. This way, you never have to wait to request a withdrawal.

Tip #4: Turn On HODL Mode

One of the most unique features of the Celsius platform is the ability for users to turn on HODL Mode. When HODL Mode is turned on, nothing can be withdrawn from your account (including CelPay). This adds an extra level of security for your Celsius wallet.

In order to turn on HODL Mode, please follow these simple steps:

  1. Go to the main menu (Celsius logo)
  2. Choose ‘Profile
  3. Choose ‘Security
  4. Tap the ‘HODL Mode’ toggle to turn it on
  5. Check all the boxes and click ‘Continue’
  6. Verify using PIN and/or biometric authentication
  7. Click on ‘Send email verification‘ button
  8. Read email and click the ‘Active HODL Mode Now‘ button
  9. Confirmation Successful (meaning HODL Mode is on)

While HODL Mode is on:

  • You will not be able to withdraw your funds
  • You will not be able to send funds via CelPay
  • You will not be able to change whitelisted withdrawal addresses
  • There will be a 24-hour wait period before reinstating the above functionalities upon deactivation of HODL Mode

Celsius for beginners: a special tip would be to turn on HODL Mode as soon as you’ve deposited any assets in your wallet. You will know that HODL Mode is active because there will be a new banner at the top of your mobile app indicating that it is on.

Tip #5: Promo Codes

A great way to get bonus rewards and increase your stack of crypto assets is by making full use of Celsius promo codes. Often launched during Friday AMA’s on YouTube, these promo codes allow existing and new Celsius users to deposit a specific amount of assets for a specific promo reward.

Tips for beginners: many of the Celsius promo codes are geared towards new Celsius users who have NOT made their first deposit. These ‘first-transfer only‘ promo codes can only be used once.

Tip #6: Native Blockchains for Deposits

An important tip for beginners is that you must use the ‘Native Blockchainfor any transaction (deposits and withdrawals) as Celsius only supports one (1) network per asset. Failure to use the correct blockchain network will result in permanent loss of funds.

Tip #7: Weekly Rewards

Getting Celsius rewards is like having an extra payday every week! Here are some great tips for beginners and info about reward rates, calculators and the Loyalty Program:

Tip #8: And Some Fun Stuff

Last but not least, check out this fun and interesting calculator: