is celsius insured

Celsius Insurance PolicyThere is no insurance for crypto counter-party risk. Since Celsius Network generates yield and income by deploying assets to lending programs, DeFi and other income generating sources, those assets that are deployed are NOT insured.

is celsius insured

Is Celsius bank insured?

No, Celsius Network isn't FDIC insured. The UK government regulates deposits on this platform. Fireblocks and Prime Trust offer insurance on Celsius digital assets.

Is Celsius wallet FDIC insured?

Celsius' Earn Rewards accounts are not protected by the Securities Investor Protection Corporation (“SIPC”), insured by the Federal Deposit Insurance Corporation ("FDIC"), or insured by the National Credit Union Administration (“NCUA”).

Is Celsius a safe wallet?

If you use your crypto-lending account, your cryptos will be deployed (lent to others) for an interest payment. No insurance covers the default risk. Your Celsius wallet is not a checking or savings account which means that your funds are not covered by any insurance that would absorb potential losses.