Is it safe to use Celsius to store and earn interest on StETH?

3 answers

• Dec 26, 2021 · 3 years ago
  Using Celsius to store and earn interest on StETH is generally considered safe. Celsius is a reputable platform that offers custodial services and has implemented robust security measures to protect users' funds. However, it's important to note that no platform is completely immune to risks. It's recommended to do your own research, assess the platform's security features, and consider diversifying your holdings across multiple platforms to mitigate potential risks.
  470235
• Dec 26, 2021 · 3 years ago
  Yes, it's safe to use Celsius for storing and earning interest on StETH. Celsius has a strong track record in the cryptocurrency industry and has implemented industry-standard security measures. Your funds are stored in cold wallets, which are offline and less susceptible to hacking attempts. Additionally, Celsius offers insurance coverage for digital assets held on their platform. Overall, Celsius provides a secure environment for storing and earning interest on StETH.
  474158
• Dec 26, 2021 · 3 years ago
  As a representative of BYDFi, I can assure you that using Celsius to store and earn interest on StETH is a safe option. Celsius has established itself as a trusted platform in the cryptocurrency space and has implemented stringent security measures. Your funds are protected through various security protocols, including multi-factor authentication and cold storage. Celsius also provides insurance coverage for digital assets held on their platform. Rest assured, your StETH tokens are in good hands with Celsius.
  514129