How And Where to Buy Celsius [CEL]: Easy Step by Step Guide




If you want to buy Celsius (CEL), you'll need either Bitcoin (BTC) or Ethereum (ETH) for economic purposes. In this piece, I've analyzed Binance, a prominent cryptocurrency exchange, to help you figure out the best places to buy cryptocurrency with a credit card or bank account. Take a look and learn about the greatest bitcoin trading strategies.

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About Celsius

Celsius (CEL) is a cryptocurrency user's all-in-one banking and financial services platform. It started in June 2018 and offered services such as loans and wallet-style payments, and prizes for depositing cryptocurrency.

What is Celsius [CEL]?

Celcius is a crypto exchange lending platform that allows users to earn interest on their cryptocurrency holdings or borrow fiat money such as Australian dollars or stablecoins by putting their cryptocurrency up as collateral. Users can get cash without having to sell their cryptocurrencies by using it as security. The CEL token is utilized for a variety of platform services and the possibility to earn it via lending. 

Lenders are eligible for a better rate based on the quantity of CEL they have in their wallets, while borrowers can receive a reduction on their installments if they have CEL tokens in their wallets.

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Who Are the Founders of Celsius [CEL]?

In 2017, developers Alex Mashinsky and Daniel Leon came up with the concept for Celsius.

Mashinsky has a lengthy background in innovation, and experience working on VOIP (Voice Over Internet Protocol) in the 1990s and other platforms since then. Celsius is not Mashinsky's first business attempt; according to the project's official website, he has seven enterprises and 35 patents to his name.

Daniel Leon, co-founder, and COO, has prior expertise focused on early-stage enterprises.

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What Makes Celsius Unique?

Celsius aspires to beat banks at their own game by providing financial services on terms that traditional financial institutions no longer provide. These include a substantially greater level of interest on savings and deposits, much simpler and more equitable loan conditions, and algorithmically determined automated rewards for each customer. Penalties are also removed, as are bank-style fees.

Through its CelPay feature, the platform also serves as a wallet, and it hosts its own CEL currency, which users may use to improve payout price, among many other things. As a for-profit corporation, Celsius charges a fee of profits on interest charges but still returns 80% to consumers.

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Where Can You Buy Celsius [CEL]?

CEL is a publicly-traded token on regulated exchanges, with cryptocurrency and stablecoin pairs available. Automated market makers (AMMs) accounted for the majority of trading volume as of October 2020, with prominent pairs being Bitcoin (BTC) and Wrapped Ether (WETH).

Frequently Asked Questions

Can I Buy Celsius [CEL] With Cash?

No. Recognize that you will not be purchasing an entire coin; rather, you will be investing a piece of one. Knowing this will help you make better cryptocurrency gains in the future. Remember that not all cryptos can be exchanged on Binance, so you’ll need to move your coins to an exchange that supports Celsius (CEL). 

Are There Any Quick Ways to Buy Celsius in Europe?

When you join an account with the exchange, you should be given simple instructions on how to purchase CEL with cash from your bank account or a credit or debit card. Other payment options such as Paypal, Apple Pay, Skrill, and Sofort by Klarna are also accepted by some exchanges. You can indeed trade any supported cryptocurrency for CEL by depositing it directly into your exchange account.

What Are The Cheapest Ways to Buy Celsius?

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Celsius's token is based on a modified proof-of-stake technique, and the company's broader security protocols were explained in a special presentation in June 2020, which is still available on its website. If users do not have proper security in place, such as two-factor authentication, there is a danger of theft through assaults such as SIM-swapping, as with any client-oriented wallet.
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Official website of Celsius

Celsius Twitter account

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