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How to buy Celo (CELO)

Learn how to buy Celo (CELO) on 4+ crypto exchanges in our step-by-step guide.

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Celo (CELO) is the 271st largest cryptocurrency by market cap, valued at US$232,458,093.

Celo is a highly volatile asset capable of major price swings in a single day. Today the price of CELO is $0.413309, which is higher than yesterday's trading price of $0.4036662607. Over the past year, Celo's price has seen a decrease of -42%.

So before you buy Celo, make sure you understand these unique risks as well as its legal and tax status here in the US.

If you're ready to get started, read on for step-by-step instructions on how you can buy Celo.

How to buy Celo in 5 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Celo is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit USD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Celo
    You can now exchange your funds for Celo. On beginner-friendly exchanges, this is as simple as entering the USD or CELO amount you want to purchase and clicking "buy".
  5. Secure your Celo
    Consider transferring your CELO to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Celo

Find an exchange to buy, sell and trade CELO by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

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Product GXFCY Finder Score Fiat currencies Cryptocurrencies Deposit methods Offer Disclaimer
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27

253

Bank transfer (ACH), Bank transfer, Credit card, Debit card, Wire, Apple Pay, Google Pay
Refer a friend to earn US$20 — $10 for you and $10 for the person you refer. T&Cs apply.
Terms apply. Cryptoassets are highly volatile. Your capital is at risk. Available in the US, CA, UK and AU
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Capital at risk

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Paybis logo

42

357

Bank transfer, Credit card, Debit card, Neteller
Finder Exclusive: Get 25% discount on all commission for 1 transaction when using promocode Finder25. There is no time limit on the validity of the promo code.
US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
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Capital at risk

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What is Celo?

Celo is an open-source global payment platform that focuses on mobile phone users. According to Celo, the project wants to connect people globally and bring financial stability to those that need it the most. For transactions, Celo allows phone numbers and email addresses to be used as public keys, which lowers the barrier for entry to cryptocurrencies. User-friendly mobile applications are powered by the more complex Celo blockchain and smart contracts.

The more well-known Ethereum blockchain formed the basis for Celo, but the project has now progressed and the underlying infrastructure has been altered. The CELO token is the blockchain's native unit of currency. It can be used for the governance of the platform and is staked in the blockchain's Proof-of-Stake mechanism to earn rewards and used as collateral against the Celo stablecoin cUSD.

How do I find the best places to buy Celo?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the US to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Celo?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Celo.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing CELO with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Celo?

Once you've created an account, you will need to deposit funds to buy CELO with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy CELO:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase CELO by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for CELO on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Celo?

The easiest way to buy CELO is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying CELO, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Celo has been performing recently.

Best Celo wallets to store your CELO

You can keep your CELO on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your CELO below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,000+

Price (USD)

$149

Price (USD)

$129

Recent Celo developments

January 2022: Celo released cREAL, one of cryptocurrency's first stablecoins pegged to the Brazilian Real, the country's native fiat currency.
December 2021: Crowdfunding platform Kickstarter announced a partnership with Celo to create a decentralized version of "the platform's core functionality".
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Celo a good investment?

When considering any cryptocurrency purchase, all associated risks should be considered. In particular, buyers of CELO should consider the following:
  • Value: CELO is used as collateral for stablecoins in the Celo ecosystem, such as cUSD. The value of CELO is, therefore, related to the total value of the stablecoins circulating in the system. As the use of stablecoins increases, the value of CELO may rise as the protocol purchases the token to place into the reserve.
  • Competition: As a global payment platform, Celo is in a competitive market. The CELO token value will rest primarily on the adoption of its smartphone applications.
  • Supply: The future supply of CELO is capped at 1 billion tokens, with 250 million currently in circulation.
  • Payment: Unlike other blockchains, you do not have to make transactions in the Celo ecosystem using the native CELO token. Any ERC-20 cryptocurrency can be used.
  • Reserve: A certain percentage of CELO tokens are held in the platform's reserve holdings.

Today's Celo price versus ATH

Compare today's price of Celo ($0.413309 USD) against its all-time-high price of $9.82 USD on 30 August 2021. The closer the bar is to 100%, the closer CELO is to reaching its ATH again.

Celo's price: $0.413309
ATH date: August 30, 2021
4.21%

Celo ATH: $9.82


How to trade, convert or sell Celo

You can convert or sell your CELO with the same exchange you bought it through:
  1. Sign in to the exchange you have CELO on.
  2. If you store your Celo in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of CELO you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Celo.
  6. Complete your transaction and move your CELO to a wallet for storage.

Disclaimer: Cryptocurrencies, including Celo, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of CELO is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Celo or any other cryptocurrency discussed.

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