How to buy Celo Dollar (CUSD) in the UK

Where to buy Celo Dollar in the UK

Unfortunately, at this time no major exchanges in the UK offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

Best Celo Dollar wallets to store your CUSD

You can keep your CUSD 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 CUSD below.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Celo Dollar a good investment?

CUSD is a USD pegged stablecoin that can be used within the Celo ecosystem for a variety of payment-related purposes. Unlike most cryptos available in the market today, the asset is not subject to major price swings. Here are a few key aspects of the project worth considering:

• Mobile centric design: Typically when dealing with crypto transfers users are required to remember cumbersome wallet addresses which consist of a long string of alphanumeric characters. However, as per the official project whitepaperwhitepaper Celo’s unique design allows it to process payments using one’s mobile phone number.
• Cost efficient design:By making use of a “mobile address-based encryption system”, users can process voluminous monetary transactions securely using their phones at near zero fee rates. Not only that, by making use of one’s phone numbers for identification purposes, Celo is able to eliminate the need for any financial intermediaries such as banks, money lenders completely.
• Solid market partnerships:Since entering the market, Celo has entered into partnerships/agreements with a host of mainstream entities including OKCoin, Opera, Bitso, cLabs, Coinbase Ventures, A16Z, Deutsche Telekom, Polychain, Paxful, etc.
• Ease of availability:Celo Dollars’ growing market popularity is made evident by the fact that the stablecoin is now being traded across a number of mainstream cryptocurrency exchanges including KuCoin, Bittrex, Coinlist Pro, amongst others.

Today's Celo Dollar price versus ATH

Compare today's price of Celo Dollar ($0.999284 USD) against its all-time-high price of $1.14 USD on 10 September 2021. The closer the bar is to 100%, the closer CUSD is to reaching its ATH again.

How to trade, convert or sell Celo Dollar

You can convert or sell your CUSD with the same exchange you bought it through:

1. Sign in to the exchange you have CUSD on.
2. If you store your Celo Dollar 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 CUSD you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of Celo Dollar.
6. Complete your transaction and move your CUSD to a wallet for storage.

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.