How & where to buy Celo (CELO) online

By:

Charlie Hancox

Charlie is a Financial Writer for Invezz. He covers commodities, cryptocurrencies, and breaking news. Prior to joining Invezz he helped grow Crux Investor into the fastest-growing... read more.

Updated: May 11, 2023

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On this page, you can find out everything you need to know about Celo. We explain the step-by-step process you need to through to get CELO tokens, whether or not you should invest, and what to expect from the future with the project. Read on to get started.

What are the best exchanges to buy Celo on?

If you want to get some CELO now, check out the platforms we have listed below; they are the best places to buy Celo coin online. However, if you aren’t ready to make a purchase yet, simply read on for more information.

Most Popular

1

Min. Deposit

$ 10

Best offer

User Score

10

Up to $240 bonus!

Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.

Trade on the world's leading social trading and investing platform

Start Trading more info

Payment Methods:

Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer

Full Regulations:

CySEC, FCA

77% of retail CFD accounts lose money.

2

Min. Deposit

$ 1

Best offer

User Score

9.6

0% deposit fees, 0% withdrawal fees, 0% trading commissions

Set up automated trades and up to 50 limit orders with ease

Buy and sell 90+ cryptos and utility tokens, precious metals and national currencies with as little as $1

Start Trading more info

Payment Methods:

Full Regulations:

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

3

Min. Deposit

$ 1

Best offer

User Score

9.1

FCA regulated crypto exchange with 4500+ digital assets available for trading

Supports users from over 100 countries including the US and Canada

Withdraw your funds using PayPal or other payment methods

Start Trading more info

Payment Methods:

Apple Pay, Bank Transfer, Debit Card, Google Pay, SEPA, Wire Transfer,

Full Regulations:

Cryptocurrency is not regulated by the UK Financial Conduct Authority and is not subject to protection under the UK Financial Services Compensation Scheme or within the scope of jurisdiction of the UK Financial Ombudsman Service. Investing in cryptocurrency comes with risk and cryptocurrency may gain in value, or lose some or all value. Capital gains tax may be applicable to profits from cryptocurrency sales.

How to buy Celo online – a step-by-step guide

Step 1. Find an exchange

By far the easiest and most affordable way to purchase coins is through a cryptocurrency exchange. This is an online market where users can buy and sell coins with each other.

Celo is supported by a wide range of exchanges, and we have listed two of our favourites below:

• Binance: Binance is the most popular trading platform based on trading volume, and it is a popular choices for beginners and investor experts alike. Open a Binance account today >
• Bittrex: Bittrex is one of the most simple and easy exchanges to use, and it still has the powerful analytic tools you need to review the market effectively. Create a Bittrex account now >

Step 2. Sign up and fund your account

Now you have chosen the platform you wish to use, it’s time to create an account. So, fill out the contact details that are required and send a copy of your photo ID over if needed. Then, add funds to your account by connecting a compatible crypto wallet or depositing regular money via a bank transfer.

Step 3. Purchase

Now it is time to purchase Celo coins. To do this, search for the coin’s ticker, CELO, enter the number of coins you want to purchase, check you are content with the price and associated fees, then execute the transaction. Your newly purchased CELO should be added to your account almost immediately.

Step 4. (Optional) Get a suitable wallet

If trading CELO is your aim, you won’t want to store it in a wallet because this would simply make things more inconvenient – skip to the next section if this is the case. However, if you want to hold onto your CELO and speculate on its future value, storing it in a wallet is the best way to protect your investment. Here are our two favourites:

• CoolWallet: With a CoolWallet, you get the benefits of digital access and control with the security of hardware storage, making it a strong hybrid wallet. Get a CoolWallet now >
• Freewallet: Freewallet is an extremely popular and easy to use cryptocurrency wallet that charges low fees. Create a Freewallet today >

How to trade Celo – step-by-step guide

Step 1. Find a broker

The best way to trade cryptocurrencies is with a broker because they allow you to open and close positions quickly, taking advantage of market volatility and general price action. Right now, the only broker you can use to trade CELO is eToro, which added the coin at the end of November 2021. As the cryptocurrency gains popularity, you can expect to see more brokers offer it as a tradeable asset. You can sign up to eToro here >

Step 2. Deposit money

Just like with an exchange account, you need to have funds in it before you can do anything. So, find out what the accepted sources of funding are on your chosen broker platform, then send some money over. This often takes the form of fiat money like GBP, USD or EUR from a bank transfer or credit card.

Step 3. Learn how to perform technical analysis

You won’t be able to trade effectively without a working knowledge of technical analysis. This is the process of reading market charts to identify trends and predict future price action. If you’d like to get to grips with this practice, make sure you complete our short-term trading course.

Step 4. Decide whether to go long or short

When trading Celo, you can go long (if you believe it will rise in value), or go short (if you believe it will fall in value). Essentially, you can make money regardless of what the price of CELO does. Make sure you investigate the market thoroughly and conduct sufficient analysis before deciding which way to go.

Step 5. Make the trade

Now the previous four steps have been completed, feel free to start trading Celo. If you have any doubts, make sure you practice with a demo account first because this can be a great way of learning how the market operates without losing any of your own capital.

Most Popular

1

Min. Deposit

$ 10

Best offer

User Score

10

Up to $240 bonus!

Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.

Trade on the world's leading social trading and investing platform

Start Trading more info

Payment Methods:

Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer

Full Regulations:

CySEC, FCA

77% of retail CFD accounts lose money.

Should I invest in Celo?

If you believe in the concept of the project, then yes, investing may make sense. Celo is a blockchain project that is all about increasing cryptocurrency adoption for smartphone users. By using phone numbers as public keys, Celo hopes to introduce the billions of smartphone users around the world – even those without traditional banking access – to transacting in the form of cryptocurrency. This is really the unique selling point of Celo – an all-out focus on smartphone-based consumers.

Another reason to consider investing is that Celo has more than one string to its bow. The network also allows for the creation of smart contracts and decentralised applications (dApps), which have become increasingly popular since the launch of the Celo mainnet in April 2020.

CELO coin itself is used for transaction fees, governance participation and related activities, making it a powerful utility token with strong fundamental value. Moreover, it runs on a proof-of-stake (PoS) consensus mechanism, meaning it is much more energy-efficient and environmentally friendly than a coin like Bitcoin.

Still undecided?

If you still haven’t made up your mind about CELO yet, check out the pros and cons of Celo below.

Now, check out the additional considerations you should make below and decide if you want to invest in Celo.

1. Is now a good time to buy Celo?

This really depends on what you are looking for from an investment. If you are planning on holding Celo tokens to speculate on their long term value, the project appears to have the backers and brainpower necessary to succeed. This includes people from a wide range of institutions; universities like MIT and Stanford, government agencies like the Department of Justice, and companies like Google, Square, and Visa.

In the short term, the project’s rise towards the top 100 has been fast and impressive, but this also means it is likely to have a level of volatility that traders will find desirable. If you think you can read market sentiment effectively and create accurate price action projections, it could be a good time to trade Celo.

For additional insights into Celo’s recent price performance, check out our latest CELO analysis pieces below:

2. What problem does Celo solve, and what are its investment prospects?

Celo makes the world of crypto easily accessible to anyone with a smartphone. In addition, it helps combine the benefits of DeFi with the creative freedom and innovation of smart contracts and dApp creation.

The real difficulty that Celo will face is the sheer level of competition it is facing, especially from mobile-focussed crypto service providers like Crypto.com and Ripple (XRP). Its real unique selling point is its ability to appeal to countries without an established banking infrastructure, which could open its services up to a unique demographic.

For the latest news on Celo and the cryptocurrency sector the project resides within, click on any of the articles we have linked below:

3. Do you want to hold Celo for the long term?

There are two different ways that you can seek exposure to the price performance of CELO. The first is purchasing it from an exchange, and holding it for the long term in a crypto wallet. The second is trading it via a broker to profit off short-term price action. Here are the considerations you should make for each of these methods.

Considerations for a long term investment strategy

Long-term investors should direct their energy towards locating a crypto exchange with a good reputation to purchase CELO tokens. Then, they should consider whether a wallet will suit their needs – if security is a priority, a wallet will likely be necessary.

Considerations for a short term trading strategy

For traders with an eye on technical analysis, you need to find a low-free broker with the charts and tools that you will need to review the market effectively. This will enable you to adjust your positions effectively, generating a consistent profit.