Celsius Network, a cryptocurrency lending, and borrowing platform, announces on Wednesday it is now offering users to buy Bitcoin directly within the Celsius mobile app through its new partnership with Simplex, a credit card onramp and offramp service provider.
Celsius Network reported that through the integration users of Celsius Network will be able to purchase BTC, ETH, and other leading cryptocurrencies through the Celsius app with global credit/debit cards at the lowest fee available, 3.5%. Speaking about the partnership, Alex Mashinsky, CEO of Celsius Network, stated:
“Partnering with Simplex has transformed Celsius into the leading one-stop-shop for crypto HODLers. Members can now buy, earn, borrow, and save crypto seamlessly inside the Celsius app without ever paying any fees or being penalized to access your own funds.”
CEO of Simplex, Nimrod Lehavi, added:
“We’re delighted to offer our leading fiat infrastructure to Celsius Network. This is just a first step in our cooperation to make the opportunities of crypto lending more accessible.”
The partnership with Simplex comes just after several other recent updates to the Celsius platform including the addition of compounding interest for all users, offering rates for BTC at 8.43%, and borrow cash through its crypto-backed USD and stablecoin loans.