How to buy and sell Celsius (CEL) currency

For a secure and reliable investment in the Celsius Network's growing ecosystem, consider buying CEL cryptocurrency through a reputable exchange that offers robust security measures, a stellar reputation, and diverse trading pair options.

Nov 28, 2024 at 05:34 pm

How to Buy Celsius (CEL) Currency: A Comprehensive Guide for Investors

Celsius (CEL) is a cryptocurrency designed to power the Celsius Network, a centralized financial platform that offers a range of services, including crypto lending and borrowing, rewards for holding CEL, and more. CEL has gained popularity as an investment asset due to its potential as a medium-of-exchange and a store of value within the Celsius ecosystem.

If you're looking to buy or sell CEL currency, here's a detailed guide to walk you through the process step-by-step:

Step 1: Choose a Reputable Exchange

The first step in buying or selling CEL is to select a reputable cryptocurrency exchange. Look for exchanges with:

• Security: Strong security measures, including 2FA and wallet encryption, to protect your funds.
• Reputation: A well-established reputation and positive user reviews from the crypto community.
• CEL trading: Availability of CEL currency for trading, along with diverse trading pair options.
• Low fees: Competitive trading fees to minimize the impact on your profits.

Step 2: Create an Account

Once you've chosen an exchange, create an account by:

• Providing personal information, such as your name, email address, and phone number.
• Setting up a username and password.
• Verifying your identity through the exchange's KYC (Know Your Customer) process.

Step 3: Fund Your Account

To buy CEL, you need to deposit funds into your exchange account. Most exchanges support a variety of funding methods, including:

• Bank transfer: Connect your bank account to the exchange and transfer funds directly.
• Credit card: Purchase CEL instantly using your credit or debit card. This option is convenient but may incur higher fees.
• Cryptocurrency deposit: Send CEL or other cryptocurrencies from your external wallet or another exchange to your exchange account.

Step 4: Buy Celsius (CEL)

Once your account is funded, you can proceed to buy CEL:

• Select a Trading Pair: Go to the exchange's trading page and search for the CEL trading pair, such as CEL/USDT or CEL/BTC.
• Place an Order: Enter the desired amount of CEL you want to buy and the type of order you want to place, such as a market order or a limit order.
• Review and Confirm: Check the order details, including the цену and the amount, before confirming the purchase.

Step 5: Store Your CEL Securely

After purchasing CEL, you need to store it securely:

• Exchange Wallet: Leave CEL on the exchange's wallet, which provides convenience but may not offer the highest level of security.
• Hardware Wallet: Transfer CEL to a hardware wallet, such as Ledger or Trezor, for enhanced security against online attacks.
• Software Wallet: Store CEL on a software wallet on your computer or mobile device. This option is less secure than hardware wallets but offers more flexibility.

Step 6: Sell Celsius (CEL)

If you wish to sell your CEL, follow these steps:

• Place a Sell Order: Go to the exchange's trading page and search for the CEL trading pair. Enter the amount of CEL you want to sell and the type of order you want to place, such as a market order or a limit order.
• Review and Confirm: Check the order details, including the selling цену and the amount, before confirming the sale.
• Withdraw Funds: After selling CEL, you can withdraw the funds to your bank account or other desired destination.