Celsius (CEL)

There are many different choices to choose from when it comes to crypto. This article will peek into a relatively fresh sensation called Celsius (CEL).

So, what is Celsius (CEL)? And why should you think of investing in it? This blog post will break down everything you need to know about this up-and-coming token. Keep reading to learn more!

Brief History of Celsius

In 2017, Celsius Network was established as an innovative finance mobile and desktop platform in the cryptocurrency field to promote monetary independence. Likewise, Celsius is the crypto brought to you by the Celsius Network – Like Binance has BNB.

Furthermore, It provides numerous curated services that large banks do not offer, including low-interest rates, no fees, quick transactions, and a high degree of transparency.

Alex Mashinsky, who is also the co-founder and CEO of the company, is known for being an innovator and is one of the people who invented Voice Over Internet Protocol (VOIP). Also, he holds more than fifty patents and has created seven companies that later became successful.

The service has millions of people worldwide using the service, which has assets of about $21 billion. For a 4-year-old startup, that’s impressive.

Unfortunately, it favors only the American citizens, which is a piece of good news for US residents only.

What to consider when buying Celsius

Mainly, only a few immediate considerations must concern you if you intend to buy CEL.

• Celsius network is more favorable to US citizens, so it would be best not to buy it if you are not one.
• Most exchanges don’t let you trade CEL directly, so try researching before putting your money in it.
• Are you looking to gain some passive income? And are you patient enough? If you are, then you may invest in it.
• It is not a coin for faint heart individuals, so don’t invest in it if you are one.
• Why are you investing in CEL? Is it simply for investment purposes, or do you plan on using it for transactions?
• If you’re looking to invest, you’ll want to look at the market capitalization and the coin’s price history.
• If you’re planning on using cryptocurrency for transactions, you’ll need to consider its fees. Although, the Celsius coin has low transaction fees, making it a good choice for those looking to use cryptocurrency for everyday purchases.
• Another thing to consider is the level of security associated with each type of coin. Some coins, like Bitcoin, are much more secure than others and, therefore, maybe a better choice for those looking to store large amounts of cryptocurrency.

When it comes to cryptocurrency, there’s no one-size-fits-all solution. It’s essential to assess your needs before making a purchase carefully.

How to buy Celsius Coin

Celsius Network is one of the most exciting projects to emerge. It’s not only a revolutionary cryptocurrency exchange but also an innovative solution that aims at revolutionizing how people trade their funds and invest online!

The best way for users who want to access this service right away would be by purchasing it from exchanges like Paybis Cryptocurrency Exchange.

Such exchanges allow you to buy/sell pretty much any cryptocurrency available without having to deal with complicated wallets or storage procedures.

Let’s dive into a straightforward and standard process of buying a Celsius coin.

1. Crypto exchange comparison

Firstly, you need to choose the proper crypto exchange that is most suitable for you.

Many factors can affect your decision, such as fees and supported deposit methods. Still, it’s essential not just go with any old site because there may be issues when trading internationally or if regulatory restrictions change in future – so make sure they’re registered locally!

2. Create an account on the suitable crypto exchange

Once you have chosen the suitable crypto exchange for you, it is time to create an account with them. It would be best to remember that some exchanges require information like address, state, government-issued id etc. So, make sure to keep everything ready before applying for a new account.

3. Identity Verification

To trade on Celsius Network, you will need a basic level of identity verification.

This process is known as Know Your Customer (KYC) and usually requires a photo ID or proof that can prove your address – like uploading something from homes such as mortgage documents or utility bills.

Some exchanges allow traders who do not pass KYC scrutiny into their platform but still require them to transfer fiat currency into cryptocurrency accounts. Similarly, others won’t let anyone deposit funds without providing more information first-hand through personal interviews.

In short, you need to verify your identity before moving to the next step.

4. Buying Celsius Coin

Finally, you can now start buying your desired coins, like the Celsius coin, after identity verification.

It is pretty easy from here, and the options are pretty clear where to buy it and how much you will pay for it.

Also, the instant buy feature is the most straightforward way to buy cryptocurrency in most exchanges. Still, it typically costs more than open trades in spot markets.

Also, you may buy other cryptocurrencies following the same process. For instance, you may purchase Cardano (ADA), Bitcoin Cash (BCH), Binance Coin (BNB) and many more.

Finally, it is highly recommended not to spend a considerable amount on crypto, which you know little about.

5. How do you store your CEL?

As long as you own the Celsius coin, it’s possible to keep them on their original exchange or move them into a personal wallet.

Also, some people like to use their wallets for ultimate security, and we recommend you open a personal crypto wallet.

Where to Buy Celsius: Best Crypto Exchanges For CEL

Following crypto exchanges are the best known for their services concerning Celsius.

Bitfinex

It is the oldest and busiest cryptocurrency exchange. You can deposit with your credit card or bank account and buy more than two dozen popular cryptocurrencies. It supports the likes of:

• Bitcoin
• Bancor
• BTSE
• Dogecoin
• Ethereum
• Litecoin
• Ripple

And many more.

Lastly, a simple sign-up process and cheap costs make Bitfinex an excellent option for new and experienced cryptocurrency users.

FTX

Celsius (CEL) trading is now available on the FTX crypto derivatives exchange, which offers over 100 spot markets.

Because this token is a part of their ecosystem, it makes sense to buy it on its platform.

Also, it offers user-friendly desktop and mobile apps with a wide range of order types, including leveraged tokens. In addition to professional trading firms, they have trading tools accessible to the general public.

Best Crypto Wallets for Celsius

Private and public keys store Celsius in specialized wallets. It’s difficult to propose a cryptocurrency wallet that meets all of your demands because many options exist. Let’s check some of the most used:

Atomic Wallet

Atomic Wallet stores Celsius (CEL), a wallet available on Android, iOS, and several desktop platforms. In addition to CEL and all other ERC20 and BEP2 tokens.

Also, Atomic Wallet can support more than 300 more tokens. Moreover, Atomic Swaps and a built-in Exchange allow users to exchange between all supported assets, including Celsius, using the Atomic Wallet.

Trust Wallet

One of the most prevalent wallets among traders and investors is Trust Wallet, a wallet that Binance officially supports. Also, Trust Wallet is an excellent place to keep Celsius (CEL).

Because of the simplicity, security, and backup options that they offer, this wallet may be a good choice for you if you are beginning your journey into cryptocurrencies.

Best Hardware Wallet for Celsius

Hardware wallets are for extra careful crypto fanatics. However, if you have the budget, we recommend buying one. Following are a few of the good ones to store your CEL.

Trezor Model T

SatoshiLabs, a Czech startup, created the Trezor Model T and is the company behind it. Also, Trezor was the first hardware wallet for cryptocurrencies. Trezor users can rest easy knowing that their coins are entirely protected from any outside party. It’s the safest way to store your cryptocurrency in Celsius.

You can still use your wallet and combine it with other programs even if SatoshiLabs shuts down because the device contains an open-source, publicly accessible software code.

It is more secure than any other hardware wallet because it can only be accessed through its touchscreen. Every other hardware wallet uses a computer or smartphone to gain access to private information, while Model T works with a touchscreen and doesn’t require any different environment.

Ledger Nano X

Ledger Nano X is a popular, feature-rich hardware wallet. You can connect it through BlueTooth or a USB cord. Also, a 100 mAh battery lets you transmit or receive cryptocurrency on the fly.

It also supports 1000+ cryptocurrencies, including Celsius (CEL) and 10000+ crypto tokens.

Ledger Nano X has two-factor authentication, PIN code, recovery phrase, and seed phrase. The wallet locks after three incorrect PIN entries (Not permanently, though).

Trade or Sell Your Cryptocurrency

So you’ve decided to cash out of the cryptocurrency market. Maybe you’ve made some money and are ready to take your profits, or you’re just fed up with the volatility and want to get out while you still can. Whatever your reason, there are a few things you need to know before you sell or trade your cryptocurrency.

• First, it’s essential to understand the difference between trading and selling. When you trade cryptocurrency, you’re exchanging it for another currency – usually in an attempt to make a profit from the price difference.
• When you sell cryptocurrency, you’re selling it for fiat currency (like dollars or euros) – typically, you can cash out and use that money in the real world.
• Second, there’s no one-size-fits-all answer for trading or selling cryptocurrency. It depends on what type of currency you have – In this case, CEL.

Celsius Price

Price Prediction

As predicted by many crypto experts, the CEL may reach $4.49 by 2022’s end and $5.93 by 2023.

Furthermore, we anticipate a long-term increase in the price of Celsius based on the current pricing and our estimates.

Celsius Supply, Volume, Market Cap, Change

Is Celsius a Good Investment?

Newbies who want to start buying crypto without taking on the entire risk of investing in a more volatile market might benefit significantly from using a platform like Celsius Network.

Additionally, it is excellent for passive investors looking for a more secure method of purchasing and holding cryptocurrency.

Famous personalities have Invested in Celsius.

The following celebrities or famous people might have invested in Celsius.

• Russell Simmons
• Carl DeSantis

Conclusion

Celsius is a unique cryptocurrency with several features that set it apart from other digital currencies. When considering whether or not to invest in CEL, there are several things you should keep in mind. We’ve outlined where to buy Celsius and some of the best wallets for storing your CEL tokens.

It would be best to remember to consistently do your research before investing in any cryptocurrency, and never invest more than you can afford to forfeit!

Last modified: September 5, 2022