Hello, im a reasonably new celsian here (so don't shoot

Question

Hello, im a reasonably new celsian here (so don't shoot

me if i ask a dumb question). Just wondering if borrowing to buy more crypto is commonly done and if so how (given that only stable coin and usd is what one can borrow). Is that where swaps come into play (eg borrow usdc then swap to btc)?? Cheers community!

0

06.01.2022

10 ответов

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CGYAB89

It's against terms of use to use funds received via loan to swap for more crypto within the Celsius app. Anything you do with those funds outside of Celsius (external exchange, etc) is up to you

0

06.01.2022

🔥Ramon LX

CGYAB89
It's against terms of use to use funds received vi...

Question to you: perhaps have a link with the full terms of Swap service? I was looking for them but only read fully when accepting them in-app. Now I can’t find them back 😅 (Swap specific terms, not the general terms of use obv)

0

06.01.2022

Michael Автор вопроса

🔥Ramon LX

I don't think this is allowed actually. PS. no dum...

Thank you

0

06.01.2022

Michael Автор вопроса

CGYAB89
It's against terms of use to use funds received vi...

Thank you

0

06.01.2022

CGYAB89

🔥Ramon LX
Question to you: perhaps have a link with the full...

I don't, sorry

0

06.01.2022

🔥Ramon LX

CGYAB89
I don't, sorry

Thanks. Strange this is impossible to find. I’ll ask support!

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06.01.2022

Xjeu

🔥Ramon LX

I don't think this is allowed actually. PS. no dum...

Why is it not allowed? Isnt it normally the case for people to borrow against crypto to buy more crypto? Borrower can still withdraw to external exchange or wallet, do the swap/trade then deposit in. So why is in app swap feature not allowed? Is it to protect against loophole or swap abuse?

0

06.01.2022

🔥Ramon LX

Xjeu
Why is it not allowed? Isnt it normally the case f...

My guess is as good as yours. I assume you have to ask Alex or someone high at Celsius to get an answer on exact reasons. It’s just not allowed in their terms of service.

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06.01.2022

Xjeu

🔥Ramon LX
My guess is as good as yours. I assume you have to...

I actually has not been following celsius, so missing all the news and update. I only check in celsius tg because of cel token dump to find out if celsius is having issues as company, but seems like company is still solid, cel token dump caused by speculators.

0

06.01.2022

🔥Ramon LX · Accepted Answer

🔥Ramon LX

I don't think this is allowed actually. PS. no dumb questions here man!

0

06.01.2022

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Hello, im a reasonably new celsian here (so don't shoot

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