How to Buy Celsius (CEL) in November 2024

Each day, there are a growing number of cryptocurrencies that promise to change the way certain areas of the society work in the future. Some of them are purely for entertainment purposes.

Celsius token (CEL) has been the subject of particular interest for investors as it can be used for borrowing, making payments, and getting loyalty benefits. As the goal of our where to buy Celsius guide, we will go into detail about every aspect of the token so that you can make the best decision before getting into it.

What is Celsius?

The Celsius cryptocurrency is based on Ethereum‘s blockchain and is managed through an application called Network. It is available for Android devices and iOS devices.

Among other things, its ecosystem offers you the option to manage your finances by offering you a way to apply for token credits that don’t require identification and are granted within minutes, make loans and reap interest rewards, get cryptocurrency rewards and increase your savings among other things.

Platforms like this were created because conventional financial institutions share very little profits with customers, making this alternative more convenient.

The Celsius founders decided to design a system that provides greater benefits to users (according to them by 80%), including better returns for their savings and instant loans at low-interest rates.

Celsius was created when Alex Mashinsky and S Daniel Leon met in a coffee shop in mid-2017 to plan the project, which led to the idea of the project being launched.

During March 2018, they had finished their initial offering and became available to the general public with their project’s new token. Celsius Network had launched its first mobile app within three months and had amassed assets worth over $50 million by the end of December.

In 2019, there have been many significant milestones. It is one of the biggest ones was the release of version 3.0 of the application. Achieving a coverage of over 100 countries and surpassing the milestone of 200 million dollars in community assets this year, the company continues to grow.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

How To Buy Celsius on eToro

Step 1: Open an account

In the screen center, you will find the Sign Up Now button. By clicking on the button, you will be taken to the eToro website, where you can register for an account. Please enter your name, nationality, address, contact details, username, and password.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Step 2: Upload ID

eToro will ask you to supply a copy of the driver’s license or passport in order to comply with government regulations. A utility bill or bank statement will also be required to verify the provided address. The provided address will be validated automatically as soon as the upload process is completed.

Step 3: Deposit funds

Fund your account on eToro is straightforward since there is a range of options, including cryptocurrencies, bank transfers, credit or debit cards, as well as online wallets like PayPal or Skrill. For example, the minimum amount you need to deposit with eToro to start trading is $10 for American traders.

Step 4: Buy Celsius

Once you have funded your account, Celsius is available for buy now. A visitor to the Celsius Network website will have the option of becoming a member of the crypto lending token with ease. Small decentralized exchanges such as Uniswap and Bittrex are, for example, places where the currency can be purchased.

The amount you wish to invest will appear in the ‘Amount’ box once you have typed the amount you want to invest ($25 minimum). It is, for instance, possible to buy Celsius with Bitcoin through Uniswap, a crypto exchange where to buy Celsius coin is possible in a safe manner.

eToro will soon offer Celsius tokens (CEL) to its customers.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Why Buy Celsius?

In many cases, bankers and futures exchanges are permitted to put as much demand upon lenders as possible while offering very low returns to borrowers. Users on Celsius Network can do many things, from borrowing money, making payments, or receiving additional rewards for loyal usage.

Tokens are primarily used as a reward mechanism for users who receive access to the Celsius Network and collateral for loans. With CEL holders can use cryptocurrencies to make cheaper loan payments or receive higher yields, there are also additional benefits available instead of them opting for other cryptocurrencies.

Celsius provides low-interest rates, and instant credit, with no credit check if you apply for a loan since cryptocurrencies may be used as collateral for a loan. It also offers significant benefits if you choose to deposit your coins with it so that they can be lent to its extensive network of members.

Since CEL is a token generated on the Ethereum blockchain, it can also be converted to other tokens like ETH. Moreover, Celsius members can transfer CEL to other Celsius members without incurring transaction fees by using the CelPay service.

Celsius network may appeal to users if they seek to generate income through cryptocurrency or if they wish to take more than their current account balance into account when taking trading positions. As such, investors can consider adding CEL to their portfolios if they see that cryptocurrencies lending platforms have a favorable outlook in the future.

How much does it cost to buy Celsius?

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

There have been positive trends in the cryptocurrency market since November of 2019, as most of the altcoins were in the process of recovering from the fall. On the other hand, we have seen that 2019 was the worst year for the crypto market compared to 2018 since most of the projects were closed and few cryptocurrencies were launched. So starting from January 2020, Celsius reached a new all-time high with a price of $0.11 at the beginning of the new year by breaking the record of June 2019 achieved before the start of the new year. Having seen an uptrend in February of 2020, Celsius has since seen a moderate downtrend, where it again fell to $0.062 but later continued to rise with a phenomenal rate.

According to the Celsius market price as of this writing, February 21st, 2022, it stands at $3.07 with a 24-hour trading volume of $5,340,798. Currently, it is ranked #90 on the CoinMarketCap rank with a live market capitalization of $732,449,893. Additionally, it has a circulating supply of 238,863,520 CEL coins and a maximum supply of 695,658,160 CEL coins.

How to buy Celsius with PayPal

A PayPal customer in the United States might already be aware that their PayPal account allows them to buy, sell, and pay with four different cryptocurrencies through their PayPal account. Therefore, PayPal allows you to store and use popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash within the wallet.

However, it is currently not possible to trade Celsius through PayPal, but traders can trade Bitcoins through it. The only way to purchase Celsius with PayPal is to use a crypto broker that accepts PayPal as a payment method.

This is something that you can do with eToro. So, for example, in case you have a PayPal balance, you can use that to fund your account, and you can then purchase Bitcoin or Ethereum through eToro Money or Celsius on a broker that offers such a token.

How to buy Celsius with Bitcoin

At most cryptocurrency exchanges, it is also possible to purchase Celsius with Bitcoins. It would be wise to avoid funding your trading account using a credit card or bank account. Consider using Bitcoin instead. You will be required to link your Bitcoin wallet with your exchange account to fund your Celsius trades.

Best Places to Buy Celsius in 2024

1. eToro – Overall best crypto exchange for trading Celsius

eToro is a broker offering low commission rates. eToro has been around since 2007, and today it has over 13 million active traders worldwide. In addition, the company does not charge its investors any commission fees. This company is regulated in the United States and worldwide by the FCA, ASIC, and CySEC and is a member of the FSCS. The CFDs in this platform provide a traditional way of buying shares along with leveraged trading with low margin requirements.

There are costs associated with traditional brokers, such as accounts management, rollover fees, and ticket fees. This is not the case with eToro. eToro only charges a fee when you buy or sell a contract. It does not charge any other fees.

A defining feature of eToro is its social trading platform and tools, which help beginners get started in trading. Traders gain access to an interactive platform that allows them to copy trade positions taken by experienced traders, rewarding professionals with rewards. Furthermore, eToro also offers its customers the Copy Trading feature. It lets you copy other people’s trading portfolios, which helps beginners follow more experienced investors’ movements.

eToro offers an easy-to-use interface, making it easy for users to trade on their devices via the eToro app for Android and iOS and through the website. There is no need to be a technical expert to open an account on eToro. The process is quick and simple. Then, you might be able to deposit the payment in different ways. For example, you might be able to do this with a credit/debit card, an e-Wallet, a bank transfer, or by using PayPal.

For the moment, eToro does not offer its users Celsius (CEL) as a trading option. The good news is that you can now buy Bitcoin on eToro. On Uniswap, you can also buy Celsius token (CEL) with Bitcoin.

It is expected that Celsius (Celsius) will be available on all eToro platforms in the very near future.

eToro fees

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

2. Binance - Best place for investing in celsius and emerging cryptos

Considered as one of the largest and fastest-growing crypto exchanges globally, Binance is one of the most popular of them all. It is a well-established platform that boasts more than 100 million users, making it a widely used option with an extensive user base.

Several reasons make it such a widespread platform. Thousands of crypto trading markets are featured on the site, each comprising dozens of trading pairs. There are also some major pairs such as BTC/USDT and BTC/ETH, but there is also a range of micro-cap markets.

As a result, Binance is also an interesting option if you have your eyes on selecting smaller altcoins that you want to invest in. Additionally, if you are looking for an NFT platform, this is an excellent starting point. The trading fees are one of the things that put Binance above the competition. For example, fees on a 1,000 dollar order cost you $1, which means that a $1,000 order can cost you just 0.10%.

This commission can be further cut if you hold Binance Coin, the cryptocurrency native to Binance. Additionally, Binance offers reduced commission rates when you trade at large volumes with them. This is because almost all traders on Binance will be depositing and withdrawing funds in cryptocurrencies.

Binance fees

Your money is at risk

3. Coinbase - Best way for buying cryptocurrencies for beginners

Coinbase is known as one of the world's biggest digital currency exchanges in the United States, is located in Wilmington, Delaware. Even users who are completely new to the world of cryptocurrencies will be able to use Coinbase's user interface as it has a user-friendly design and is so straightforward to use. Coinbase Pro also offers a variety of features that will prove to be useful to professional traders.

Various digital assets can be found on this crypto exchange, most notably Bitcoin, Litecoin, Ethereum, Dash, Polkadot, and more. This top-rated crypto exchange not only allows for the purchase and sale of cryptocurrencies but also offers a feature through which traders can trade cryptocurrencies with each other. This comes in what they call Coinbase Pro, and it comes bundled with digital money pairs that you can trade at a low commission rate. The fee starts at 0.50 percent per slide, which is still expensive but significantly cheaper than the 1.49% it charges to purchase and sell slides.

Coinbase uses institutional-grade security measures to keep user data safe. At the forefront of its effort is that it keeps most of its coins in cold storage, thus ensuring their safety. Because any third party is never directly connected to the live server, they cannot hack currency. Its easy-to-use UI makes this broker popular among customers, and it also offers good customer service.

Coinbase fees

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

4. Kraken - Best experienced crypto platform to trade with leverage

Kraken is one of the oldest and most recognizable crypto exchanges in the crypto industry today. For this reason, it is trusted by its customers. Since it was launched a few years after digital assets appeared on the financial scene, it is a brand platform with years of experience ensuring that its clients have a successful and safe crypto investment journey.

The Kraken platform is a reliable platform to buy cryptocurrencies with more than fifty cryptocurrencies available to choose from. Kraken's advanced and Kraken Pro's basic trading interfaces will both be able to enable you to invest in cryptos, depending to a large extent on your preferences when it comes to trading in general. In addition to this, Kraken's mobile apps are also available in both traditional and pro versions, so you can choose what works best for you.

Kraken offers an array of leveraged financial products, which makes it the most appealing. By way of instance, you can purchase bitcoins on margin. With this offer, you can receive up to 1:5 - meaning that for a $1,000 purchase, you only need to deposit $200. As well as Bitcoin futures, Kraken also offers a range of advanced CFD products for those of you who would like to trade in a more sophisticated manner.

Kraken fees

Your money is at risk

5. BlockFi - Best crypto exchange for buying cryptos with low fees

BlockFi is what you need if you're interested in trading cryptocurrencies while paying some of the lowest fees of any platform of its kind. It lets you trade a wide range of cryptocurrencies while paying the lowest prices in the industry. Using this platform, you can trade cryptocurrencies for almost no commission fees, which is a very attractive feature of trading cryptocurrency. In addition, the platform is available throughout all US states offering instant trades and competitive fees.

Users who open a BlockFi Interest Account can earn between 3% and 8.6% compound interest on their crypto holdings. It was also the first major company to offer a Bitcoin rewards credit card, a Visa credit card that will allow its holders to earn 1.5% back in bitcoin on the purchases made through the card. If you receive a Bitcoin reward, it will be added to your BlockFi Interest Account, earning interest immediately.

BlockFi is one of a small number of crypto exchanges that occur in the United States. New York's Department of Financial Services regulates its custodian, Gemini, and ensures it complies with the law.

Blockfi fees

Your money is at risk

Celsius Crypto Brokers Fees Compared

Buying Celsius Safely

Whenever dealing with trading and buying cryptocurrencies, it is necessary to consider safety and security. It is important to understand that although the process of buying Celsius is relatively straightforward, there is still the possibility of accounts being hacked and scammers attempting to deceive others into giving them Celsius.

It is likely that if you come across a website that offers free cryptocurrencies or other promotional offers that seem too good to be true, it will be a scam site. Therefore, whenever you are trading or purchasing assets in the crypto field, it is highly advised that you do your research before you start to buy Celsius coin in this case. Be sure to check if the exchange you are using is a reputable one, and also check if they have the necessary security measures in place.

If you want to buy Celsius crypto safely and legally, you need to use licensed and regulated exchanges such as those we mentioned earlier. According to your location, there are many of these platforms with excellent security measures, such as two-factor authentication and negative balance protection.

Further, it is quite advisable to keep an eye on the market to learn more about the product or digital asset you have chosen. However, whether the market moves differently from what you expected or not, it is equally important to remain calm. The most straightforward way to make sure you are up-to-date on the market is to use review sites and recommendations.

Risks of Buying Celsius

If you own a cryptocurrency, one of the most important risks you have to take into account is the volatility of the price. Although digital currencies have been around for over a decade, the most popular ones, such as Bitcoin, have a reputation for being highly volatile and can dramatically shift in price. Unfortunately, Celsius is not an exemption to the rule. So how to buy Celsius coin in US in a proper way?

Well, leveraging your trade is another important factor to keep in mind. A leveraged position on a volatile asset can result in a margin call on your account, which means that you need to add money to your position if the price reaches a certain point. Therefore, if you are looking to trade Celsius, you may want to consider acquiring it and not using leverage to reduce your risk.

There are many risks associated with the use of CEL, and, as a result, the system may be susceptible to theft, loss of keys, irreversible transactions, or the failure of the blockchain. In addition, investors need to keep in mind that CEL might also suffer from limited liquidity or a rapid and unexpected loss in value.

Selling Celsius

The Celsius token can be bought, sold, or exchanged through a cryptocurrency exchange in order to make money or invest in another digital asset. On the surface, Celsius is sold on any exchange where it can be purchased. Logging into your exchange account, linking your crypto wallet, and entering your order is how you can sell it.

Celsius Price Prediction

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Celsius appears to be a very promising project. As a result of its contribution to the democratization of financial benefits, it seems to have been appreciated. In fact, as a result of its rapid growth, it has become increasingly popular around the globe.

In a sense, this operation strives for a competitive edge concerning banks with significantly higher returns, so it's the first step towards creating a considerable horizontal community.

According to recent research, based on recent statistics, profitability is another value that provides trust to the future. As a startup that has taken a significant step forward in its long-term commitment in such a short time, it is destined to rise to the level of a genuine alternative to the current financial models.

Celsius can perform tremendously due to the partnerships and community funding. Based on the data available on the current cryptocurrency market, Celsius (CEL) is expected to reach the $12 mark at the end of 2022.

It is estimated that the cost of a CEL will rise to $27.73 by the middle of 2024. As the year unfolds, the Celsius Network's price will likely climb to $28.53 by the second half of 2024; by the end of the year, it will reach $35.98.

Considering the increasing digitization, adoption, and awareness of crypto assets by 2025, the Celsius Network is likely to reach many potentials. Based on predictions modeling and investor sentiment, it is predicted that the unit price of Celsius will vary between $45 - $50 as the team continues to develop and capture market share on an ongoing basis. Although there is no guarantee prices will remain unchanged, algorithm analysis and predictive modeling indicate that the current long-term trend dictates that the price of CEL will continue to increase.

Conclusion

eToro is one of the brokers that are known for their low-fee trading. eToro was established in 2007 and has successfully expanded its business across the globe since then. It has more than 13 million active traders. To further enhance its popularity, the company does not charge commissions to its investors. ASIC, CySEC, and FCA license eToro, and FSCS partners. This platform is one of the first to offer leveraged trading with low margin requirements through CFDs in addition to providing traditional ways of buying shares.

There are no account management fees, rollover fees, or ticket fees at eToro, making it a good alternative to traditional brokers. Furthermore, since eToro only charges a minimum of a spread fee when you buy or sell, you don't have to do anything complicated. A really useful feature of eToro is its social trading platform and tools, which contribute to its outstanding success. Using an interactive platform, traders can copy the trade positions of experienced traders and enjoy the advantages of copying them, thus, earning profits from them.

How to buy Celsius coin in the US? Today, the Celsius (CEL) token is not available on eToro. Bitcoin is, however, now available for you to purchase on eToro. So on Uniswap, you can buy Celsius (CEL) using Bitcoin.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

FAQs