Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

How to buy Celo (CELO) in the US

A beginner's guide to buying and selling CELO in the US.

Celo
CELO- USD
ZERO-KNOWLEDGE-PROOFS
$2.60
+$0.06 (+2.34%)

How to buy Celo

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Celo.

  1. Open an account on an exchange that supports CELO.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Celo.
  3. Buy Celo.
    Complete your Celo purchase and then find the best wallet to store CELO.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

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.

Celo (CELO) is the 139th largest cryptocurrency in the world by market cap, valued at $333,546,339. The current price of Celo is $2.65, which is 6.447% higher than yesterday. Prices have ranged between $2.68 and $2.45 over the past 24 hours. All prices are listed in US dollars and accurate as of July 28, 2021 03:07 UTC.

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 provider.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

267
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in random tokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

247
cryptocurrencies

Finder Exclusive: Get up to 10 USDT in trading fee rebates for signing up and making a deposit, and up to 30 USDT in trading fee rebates after buying with fiat. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Coinbase Pro
Bank transfer, Cryptocurrency, Debit card, PayPal, Wire transfer
USD, EUR, GBP

69
cryptocurrencies

Formerly known as GDAX, Coinbase Pro is a US-based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.
loading

Compare up to 4 providers

Celo at a glance

Information last updated July 28, 2021 03:07 UTC.
Coin symbolCELO
Total CELO supply1,000,000,000
Circulating CELO125,771,313
Current priceUS$2.65
All time highUS$7.32
Notable team membersRene Reinsberg
IndustryMobile decentralised finance
Token usesUtility token, governance
NetworkCelo

Celo price performance over time

Historical prices compared with the price of US$2.65.

1 hourN/A
24 hours 6.45%
7 days 11.20%
14 days -3.25%
30 days -23.79%
60 days -22.27%
200 days 14.84%
1 year 52.38%

How to sell Celo

You can cash out your CELO with the same exchange you bought it through:

  1. Sign in to the exchange you have CELO on.
    If you store your Celo in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of CELO you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Celo.

What to consider when buying Celo

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.
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.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site