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You can find more info from the Celsius knowledge article here. Users can expect to pay a 3.5% or $10 fee, while users in the EEA and UK may pay a lower fee of 2.99%. Celsius does not charge a fee for card purchases, but Simplex does for its service. Transactions can take up to 24 hours for the crypto to be credited to the customer’s account. Note that to purchase crypto using a card, customers are redirected within the app to a Simplex page where they will need to fill out credit card information and their billing address and contact details. All users need to do is hit the “buy coins” button, select the credit card option and choose the coin and amount they want.
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Debit/Credit CardĬelsius has partnered with Simplex to facilitate card purchases within the Celsius app.
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Find a full list of supported assets here. OTC options are also available for accredited investors.Ĭelsius has an impressive list of assets supported, including Stablecoins, Gold Tokens and Cryptocurrencies. Additionally, customers can purchase crypto via debit/credit card and bank transfer. This entitles them to 30% bonus rewards (interest payments) and a 25% discount on loan interest.Ĭustomers can transfer crypto to their Celsius accounts or purchase crypto directly from within the app. Platinum Tier – In the platinum tier, users hold 25-100% of their portfolio in CEL tokens or hold a minimum of 25,000 CEL. This entitles them to 20% bonus rewards (interest payments) and a 15% discount on loan interest. Gold Tier – In the gold tier, users hold 15-25% of their portfolio in CEL tokens or hold a minimum of 10,000 CEL. This entitles them to 15% bonus rewards (interest payments) and a 10% discount on loan interest. Silver Tier – In the silver tier, users hold 10-15% of their portfolio in CEL tokens or hold a minimum of 1,000 CEL.
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This entitles them to 10% bonus rewards (interest payments) and a 5% discount on loan interest. None- Users who hold below 5% of their balance in CEL tokens or hold 0 CEL get zero bonus rewards (but still earn base APY) and a 5% loan interest discount.īronze Tier – In the bronze tier, users hold 5-10% of their portfolio in CEL tokens or hold at least 1 CEL. Of course, that means higher interest rates paid and a discount on any loans you receive from Celsius.
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Just like with the brokers, the higher the tier in the loyalty system, the greater the benefits to the user. Celsius makes this comparison even more valid by calling these tiers a ‘loyalty system’. I compared this tiered system to forex and CFD brokers earlier. Note that customers do not need to hold any CEL tokens if they do not wish, and they can still earn a pretty nice yield. If users choose to earn their interest in CEL tokens, they can boost their returns up to 30%. Meaning that users can hold Bitcoin and earn Bitcoin, hold ETH, earn ETH etc. Interest is paid in kind or in CEL tokens. The more you hold, the higher tier you fall into and the greater the interest rate paid on your tokens.