Celsius Fees: What Fees Does Celsius Network Charge?

celsius fees

Does Celsius Network Have Fees?

Anytime you are exchanging cryptocurrency between wallets, you want to minimize fees and maximize your earnings. Crypto investors who earn passive income using the Celsius Network are no different. This is why they take advantage of the best rates in the industry to make sure they are getting the most from their money. Are there actually Celsius fees?

Created in 2017, Celsius Network is a decentralized finance (DeFi) platform that is designed to change the way financial institutions work in the future. The mobile app is available on both iOS and Android.

Currently, there are over 50 cryptocurrencies supported on Celsius.

One of the biggest advantages of opening a Celsius account is the bonus rewards you earn just by storing your cryptocurrencies in your Celsius Wallet.

In other words, you earn interest with an APY, so you earn extra money by using Celsius to store your cryptocurrency. You can also earn more bonus rewards with their loyalty tiers.

What is Celsius network?

The Celsius Network is popular cryptocurrency lending platform that allows users to earn interest off of the cryptocurrencies stored in their wallet.

It's an extremely easy way to earn passive income for crypto hodlers. But while interest rates might be great for earning, many people have questions about withdrawal fees and other charges associated with the Celsius mobile app.

This guide is designed to cover the most important fees on Celsius and how you can best avoid them, to save the most from your crypto investments. Whether you are looking to borrow with Celsius or just store crypto to earn interest.

When you withdrawal from any wallet or crypto exchange, the last thing you want is a hefty fee. Same thing goes for when you deposit more into your account.

What fees does Celsius Charge?

Celsius charges absolutely NO fees when you withdrawal from your wallet, which is a HUGE plus. Celsius offers the best cryptocurrency lending fees compared to competitors like BlockFi.

Using the Celsius wallet is completely free.

Buying Crypto - 0.1% ACH transfer fee, 0.5% Wire Transfer fee, No Bank account fee, No debit card fee

Transaction fees - None

Termination fees - None

Withdrawal fees - None

That's right, there are practically zero fees for just using Celsius' basic wallet service. Luckily, they make a majority of their money from lending, so they don't need to tack on extra fees where it isn't necessary. Additionally, downloading their mobile app so that you can use Celsius Network from anywhere is completely free.


Sign up for Celsius, click or use this code: 1529325918

We both get $50 in BTC when you deposit over $400 or more and hold it for 30 days

Celsius Wallet Account Minimums

There are no account minimums for the Celsius Network and additionally there are no hidden fees for keeping assets in your wallet.

The reason for this is because Celsius makes profits through loaning so they don't need to tack on extra fees to users or require an account minimum to start earning with them.

If you choose to purchase crypto via the Celsius app, you'll have a $5,000 weekly limit on credit card purchases.

The four loyalty levels of Celsius Network

The more CEL token you own, the more rewards you get by using the Celsius Network. Your weekly payouts can be increased and you can also get better interest rates on loans.

Below are the different tier standings for CEL token rewards.

  • If the CEL balance in your account is 5-10% of your total account balance, your loyalty tier is Bronze.
  • If the CEL balance in your account is 10-15% of your total account balance, your loyalty tier is Silver.
  • If the CEL balance in your account is 15-25% of your total account balance, your loyalty tier is Gold.
  • If the CEL balance in your account is >25% of your total account balance, your loyalty tier is Platinum.

Here are the rewards according to Celsius' website:

celsius fees loyalty tiers

For more information, check out our complete Celsius Network Guide.

Services offered by Celsius Network

Celsius offers a few services for Crypto investors, one is their wallet that allows you to earn APY yields on the crypto that you store and of course they also are a lending platform.

Check out the list of different services available for users of the Celsius Network app:

Borrow (Loans)

Using Celsius, you can borrow at a 1% APR by using your crypto as collateral. First, you need to choose if you want to receive your loan in CEL, USD or some other stablecoins and then choose the crypto you will be using as collateral for your loan.

These are the currencies that you can borrow using Celsius:

  • USDC
  • USDT
  • TUSD
  • GUSD
  • PAX
  • USD

currencies that you can use as Collateral:

  • BTC
  • ETH
  • CEL
  • LINK
  • ADA
  • LTC
  • BCH
  • and more!

Loan Interest Rates with Celsius

The Celsius Fees for borrowing is surprisingly low. They are known for having some of the best rates in the industry. Additionally, they don't do any credit checks. In the Celsius mobile app, you can apply for a loan in just a few simple steps.

Here are the the different Interest rates available:

  • 1.00% (at 25% LTV)
  • 6.95% (at 33% LTV)
  • 8.95% (at 50% LTV)

Or, if you choose to pay in CEL Token, your rates would be:

  • .75% ( at 25% LTV)
  • 5.21% (at 33% LTV)
  • 6.71% (at 50% LTV)

Some features of their lending service includes:

  • No origination fees
  • No credit Checks
  • Refinancing options

When it comes to crypto loans, you can see that Celsius offers some of the best rates in the industry. The app's ease of use makes it extremely simple to take out loans with your cryptocurrency.

And since they don't charge unnecessary fees, this makes them a better choice than their main competitor, BlockFi.

The process of borrowing with Celsius is extremely easy and is broken down into 4 steps.

  1. Choose USD or stablecoins
  2. Pick collateral and interest rate
  3. Set the length of your loan
  4. Confirm details and wait for your approval.

Earn (APY Interest)

As mentioned, one of the biggest features of the Celsius Network is the fact that you can store your crypto in your wallet and earn interest on each crypto you have.

Below is a list of some of the interest rates for each cryptocurrency supported on Celsius:


Yield Rate

BTC (Bitcoin)

6.2% upto 1 BTC

LTC (Litecoin)


ETH (Ethereum) 

5.35% up to 100 ETH

ETC (Ethereum Classic)












Buy Crypto

You can buy cryptocurrency with Celsius and keep it directly in your wallet.

Payment options:
Bank Transfer
ACH Transfer
Debit Card
Credit Card 

Celsius doesn't charge fees. But their third party partners for purchasing crypto in their app do. See below.

Celsius fees for Buying Crypto


Celsius' partner, Simplex charges a 3.5% or $10 minimum fee that is included in the price that you see when purchasing crypto on the Celsius app. However, for users in the UK and EEA the fee can be as low as 2.99%.


Celsius Network teams up with GEM to provide in-app coin purchases and right now they have two cryptocurrency providers: Wyre and Coinify. Their fees are:

  • Wyre - ACH transfer (US only) 0.1%
  • Coinify - 0.5% manual bank transfer, 2% for credit card purchases (EU), 3.5% (non-EU credit card)

Credit Card

Celsius actually plans on launching a crypto credit card soon, they currently have a waitlist available.

They plan on offering crypto rewards on your credit card purchases and weekly rewards on the crypto you use as collateral for your line of credit.

Additionally, the Celsius Credit Card is supposed to have NO FEES. That means no ATM withdrawal fees, no annual fees, no foreign transaction fees.

You can also pay off the card with either fiat currency, rewards or stablecoins.

This card will be a pretty big game changer for crypto HODlers who want to earn crypto rewards off of their credit purchases.

Celsius FAQ's

Some people might be looking for additional features than just low fees and high yield rates, below are some questions and reasons people choose Celsius over some of their competitors. 

How easy is Celsius to use?

Besides the surprisingly minimal fees that they offer, the mobile app is extremely easy to use.

We already mentioned that there are no fees for transferring, but you can even transfer crypto to other wallets with no hassle. You can simply copy and paste your wallet address or scan the QR code that is provided on your app.

What is Celsius Institutions?

Celsius also partners with institutions as well as high-net-worth individuals in order to provide a custom suite of services to lend, access and borrow digital assets.

Is Celsius better than Coinbase?

Coinbase is one of the most popular cryptocurrency trading platforms and exchanges. Celsius Network on the other hand is not a trading platform but instead is a crypto lending platform and wallet.

If you are not actively trading your crypto assets, keeping them in Coinbase isn't the best idea. However, it is a better choice if you are trading frequently since Celsius does not offer crypto trading at this time.

In order to earn interest off your investments, consider transferring to Celsius, it's the best way to earn passive income on your crypto, especially if you are not an active crypto trader.

Keep in mind though, you can't exchange or trade crypto on Celsius because it's not an exchange, so you would need to move your assets back to your Coinbase wallet if you wanted to trade again.

Check out our detailed comparison below:

logo blank background from coinbase site

Coinbase Conclusion

Coinbase can be a good platform for beginners. However, the complex fees and limited amount of altcoins often sends users to popular competitors, like Gemini or Celsius, who has a much easier fee structure.


Cash funds are FDIC insured. Supports 100 different countries. Easy to use interface and simple design


Charges withdrawal and trading fees. Also charges fees for purchasing crypto. Some of the highest in the indsutry.

celsius logo

Celsius Network


Celsius is ideal for those who are holding their cryptocurrency or digital assets for the long-term. They don't charge fees for withdrawals and they charge very minimal ACH or Bank fees if you buy Bitcoin or other cryptocurrency with them.


No fees. Never been hacked, is very transparent. Provides discounts with their CEL token


No fees. Looking to provide financial security and they mainly make their money from lending. 

In Celsius expensive?

Compared to other crypto lending platforms it is very inexpensive. They offer very low loan interest rates and refrain from charging an extra fee for things like withdrawals.

Those who are looking to borrow with their cryptocurrency can set their crypto as collateral using Celsius. And you can also use CEL Tokens to get better interest rates as discussed.

Celsius doesn't charge fees for using their wallet, so it costs nothing to just store your cryptocurrency with the Celsius Network.

Is Celsius leigt?

The company started out in 2017. In August 2021, they announced that the total worth of assets under their management surpassed $20 Billion. The company has also paid out over a billion dollars in rewards and yields to users. So yes, Celsius is legit.

Is Celsius Safe?

Celsius is a very secure company and follows many of the best practices in the crypto industry like two-factor authentication. Not to mention, their CEO Alex Mashinsky is a well-known and trusted tech entrepreneur, responsible for pioneering Voice over Internet Protocol (VOIP). 

Safety and Security of Celsius Network

Not only is the account creation process secure on the user's end, but Celsius also has state of the art features designed to protect your information from possible leaks or attackers.

Still have more questions about the network and what they offer? Many people can be skeptical when storing money or borrowing in a new place. Even if the fees are surprisingly low. Check out our full security review: Is Celsius Safe?


Sign up for Celsius, click or use this code: 1529325918

We both get $50 in BTC when you deposit over $400 or more and hold it for 30 days

Conclusion on Celsius Fees

For most users, Celsius is ideal because of the fact that they pride themselves in not charging unnecessary fees. They also are known having the lowest industry rates.

At the end of the day, if you are looking to get some passive income from your cryptocurrency and digital assets, it's probably worth looking into storing with them.

Download the app for free and check it out for yourself.

celsius logo

Celsius Network

Celsius Conclusion

If you are looking to remove yourself from normal financial institutions, or you are just looking to earn passive income from your digital investments, Celsius is a great choice. As mentioned in this article, they charge virtually no fees compared to other crypto platforms and lending companies.


Celsius takes the cake when it comes to crypto lending platforms and specifically their very simple fee structures across their services make them ideal for those who want to get the most out of their investments and save the most money.

About Crypto Ryan 72 Articles
Hi, I'm Ryan. I started investing in cryptocurrency in early 2014. Naturally, I want everyone to have the chance to learn about the crypto world so I created this blog! I hope my articles help you understand blockchain and cryptocurrency. Cheers!