Gelt Promotions: 3%-8% APY & $10 Welcome Bonus

Gelt (gelt.finance) is offering a $10 cash bonus to the first 1,000 people who join the waitlist to open a new account and refer one friend to sign up for the waitlist. Click here for more cryptocurrency promotions.

Also, see crypto offers from BlockFi, Coinbase, Crypto.com, OKCoin and MEXC.

Like fiat money, cryptocurrencies can yield passive income through high-interest savings accounts. Gelt is a company that offers such accounts which can generate up to 8% APY on your deposits with no commitments and no fees. Below, we’ll take a closer look at Gelt and their current welcome offer.

Please note that Gelt is not available in seven states, including Connecticut, Hawaii, New Hampshire, New York, Texas, Vermont, and Virginia

Gelt $10 Welcome Bonus

Gelt currently has a waitlist for new accounts. Once you sign up for the waitlist, you can earn a $10 cash bonus if you’re one of the first 1,000 people to refer one person to get on the Gelt waitlist. The reward will automatically post upon account approval.

Update: The 1,000 threshold has been reached. The $10 bonus is no longer available. At the time of this update, you can refer one friend to Gelt using your referral link to get priority access and a free Gelt premium account for your first year. Sign up for the waitlist to get your referral link.

Gelt Features

Gelt’s biggest feature is its high-yield savings account. To get started, simply deposit at least $1 from your bank account. You don’t have to own any cryptocurrency to use the platform.

Before you confirm your deposit, you’ll see an APY estimate which usually varies between 3% and 8% depending on the asset pool’s supply and demand.

Once your deposit posts to your Gelt account, which typically takes between three to five business days, you earn interest immediately. Other notable features include:

• Gelt is non-custodial, which means the platform has no control over your funds. Only you do.
• Yields are generated non-speculatively through DeFi protocols.That means interest rates will never go negative and your account balance will always increase.
• Deposits are covered for up to $100,000 against yield protocol failure.

If you have any questions or if you run into any issues, you can contact Gelt’s customer support team via live chat or email.

Gelt Fees

For now, Gelt does not charge any account fees, nor deposit or withdrawal fees.

Bottom Line

Gelt is different than most other crypto savings and lending products because it’s decentralized. If you want a fee-free and safe way to earn high-interest rates on your crypto holdings, Gelt is a solid option.

You might also want to consider BlockFi and Nexo. Like Gelt, both platforms offer interest-earning crypto accounts. See our review on the best crypto exchanges as well.

See our brokerage and investment offers page here, with offers from Wealthfront, Ally Invest, J.P. Morgan and more.

Read more: See the best bank promotions here and the best investing promotions here.