How to buy Celsius Network (CEL) in the US

What is Celsius Network?

Celcius is a cryptocurrency lending platform that allows users to earn interest on their cryptocurrency holdings, or borrow fiat money like Australian dollars or stablecoins by depositing their crypto as collateral. By using cryptocurrency as collateral, users are able to access cash without the need to sell their coins. The CEL token is used for a range of features on the platform, as well as the ability to earn it in return for lending. Lenders are also entitled to a higher rate of interest depending on the amount of CEL they hold in their wallet, while borrowers can also get a discount on their repayments by holding CEL tokens.

Celsius Network (CEL) is the 43rd largest cryptocurrency in the world by market cap, valued at $2,273,701,046. The current price of Celsius Network is $5.38, which is 0.150% lower than yesterday. Prices have ranged between $5.41 and $5.15 over the past 24 hours. All prices are listed in US dollars and accurate as of July 23, 2021 04:07 UTC.

Where to buy Celsius Network

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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 GateTokens 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.	Go to site View details	Compare	loading Fetching your data...

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How to sell Celsius Network

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

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

What to consider when buying Celsius Network

• Customer or speculator?: If you plan to use the token on the platform, then you need to keep a few things in mind. In particular, you may want to calculate the amount of tokens you will need to receive discounts and bonuses, whether you are going to pay fees for using the token and what is required to earn additional tokens.
• Legal: Celsius is based in the US where cryptocurrency regulation is still ongoing and something of a grey area currently. As such, any crypto-related businesses may face challenges in the future depending on how the regulatory environment unfolds.
• Competitors: The crypto-lending space is becoming an increasingly popular field, with rival CeFi platforms such as Nexo, Crypto.com and BlockFi all having a strong presence in the space.
• Tokenomics: When assessing whether a token is a good long-term hold, you should consider what the token is used for, whether tokens are burnt when used (destroyed) and how new tokens are distributed. Keep in mind that Celsius users are rewarded with new tokens for using the platform, which will inflate the supply over time. On the flip side, users are motivated to hold a certain number of tokens for rewards, which may reduce availability in the open market.

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