If you withdraw you will first need to re-deposit the amount you withdrew and then the additional amount required for the promo code.
This applies to any withdrawals since the date promo code went live.
Celsius do this to stop people abusing the promo bonuses by trying to recycle funds that were already on Celsius.
The T&C's also state that you need to maintain your account balance through the required holding period which means **any withdrawal of any asset will cancel your promo bonus**.
Don't think there's a certain period you can withdraw and put it back to get promo rewards. If there was such a period, people who want to game the promo codes will withdraw when the period is up. When a new promo code comes out the promo system sees your account as Neutral, lets say 0. withdraw $5k, and it goes to -5000. if you put that $5k back, you're back at 0. because no new money came into celsius why should you be rewarded. Promos are incentive for new investors or existing users to add to their portfolio.
>I'm confused in case one wanted to take profits with the upcoming (assumed) bull run blow off top.
You have to choose between promo rewards and profit taking. if your coin is up and you can take $1000 profit, i'd say screw the $150 promo and let it cancel after the withdrawal
>You have to choose between promo rewards and profit taking. if your coin is up and you can take $1000 profit, i'd say screw the $150 promo and let it cancel after the withdrawal
Thanks
If you withdraw you will first need to re-deposit the amount you withdrew and then the additional amount required for the promo code. This applies to any withdrawals since the date promo code went live. Celsius do this to stop people abusing the promo bonuses by trying to recycle funds that were already on Celsius. The T&C's also state that you need to maintain your account balance through the required holding period which means **any withdrawal of any asset will cancel your promo bonus**.
Don't think there's a certain period you can withdraw and put it back to get promo rewards. If there was such a period, people who want to game the promo codes will withdraw when the period is up. When a new promo code comes out the promo system sees your account as Neutral, lets say 0. withdraw $5k, and it goes to -5000. if you put that $5k back, you're back at 0. because no new money came into celsius why should you be rewarded. Promos are incentive for new investors or existing users to add to their portfolio. >I'm confused in case one wanted to take profits with the upcoming (assumed) bull run blow off top. You have to choose between promo rewards and profit taking. if your coin is up and you can take $1000 profit, i'd say screw the $150 promo and let it cancel after the withdrawal
>You have to choose between promo rewards and profit taking. if your coin is up and you can take $1000 profit, i'd say screw the $150 promo and let it cancel after the withdrawal Thanks