You will need to download the Celsius wallet from the AppStore for iOS or Google PlayStore for Android. After that just register your wallet and complete the KYC process. You can follow our guide on how to set up your Celsius wallet here.
Funds begin earning rewards as soon as they’re transferred to your Celsius wallet. Rewards are calculated every Friday and distributed every Monday, so even if you transfer funds to your Celsius wallet in the middle of the week, you will still earn prorated rewards on those assets through the accrual period on Friday.
If you transfer your coins on Friday, Saturday or Sunday, your first reward payment will be the following Monday.
Our reward calculation schedule is as follows:
- Reward accrual period: Friday 05:00:00 UTC to Friday 04:59:59 UTC.
- Reward calculation price snapshot: Friday 05:00:00 UTC
- Reward payment day: Monday, no set time.
All reward payments will be added directly to your Celsius wallet and currently, you can between these two option:
- Earn in-kind, meaning that if you transfer BTC you will earn more BTC, ETH on ETH, XRP on XRP, etc
- Earn in CEL, meaning that if you transfer BTC you can earn rewards in CEL tokens* at a higher rate, you can find out more about this program in this article.
If you're unsure how to transfer funds to your Celsius wallet you can check out our guide on how to transfer here.
*Currently, earning in CEL is not available to users from the US.