Celo
CELO-
USD
ZERO-KNOWLEDGE-PROOFS
$2.60
+$0.06
(+2.34%)
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How to buy Celo (CELO) in the US
A beginner's guide to buying and selling CELO in the US.
How to buy Celo
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Celo.
- 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. - 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. - 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.Celo at a glance
Information last updated July 28, 2021 03:07 UTC.
| Coin symbol | CELO |
|---|---|
| Total CELO supply | 1,000,000,000 |
| Circulating CELO | 125,771,313 |
| Current price | US$2.65 |
| All time high | US$7.32 |
| Notable team members | Rene Reinsberg |
| Industry | Mobile decentralised finance |
| Token uses | Utility token, governance |
| Network | Celo |
Celo price performance over time
Historical prices compared with the price of US$2.65.
| 1 hour | N/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:
- 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. - Place a sell order.
Choose the amount of CELO you'd like to sell. - 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.
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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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