Buy Celo (CELO)

Follow the steps below to easily and securely buy Celo.

You can securely store your Celo in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Celo. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy Celo with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in Celo with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy Celo through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying Celo is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like Celo involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Celo, it is important to understand the risks.

Volatility: The price of Celo can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of Celo is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy Celo through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy Celo or other cryptocurrencies anonymously on a regulated crypto platform in Europe.

At Finst, we support several order types to buy Celo: Market Order, Limit Order, and Auto Invest (DCA).

- With a Market Order, you buy Celo instantly at the best available market price.

- Do you want to buy Celo at a lower price? With a Limit Order, you set the maximum price you're willing to pay for Celo. Your order will be executed once your limit price is reached on the market.

- Do you want to invest in Celo without constantly checking the market? With Auto Invest, you can schedule automatic and recurring purchases. Whether you want to buy daily, weekly, bi-weekly, or monthly - you choose the frequency.

Yes, on our platform, you can easily buy Celo with a Limit Order. This allows you to set the maximum price you're willing to pay. Your order will be executed once the price of Celo reaches your limit price or lower.

A Limit Order is ideal if you want to wait for a better price without constantly monitoring the market.

Yes, with Auto Invest, you can set up daily, weekly, bi-weekly, or monthly purchases of your favorite crypto using the Dollar Cost Averaging (DCA) strategy. Create your own investment plan and DCA Celo without any action required or additional fees.

Do you prefer to store your crypto on your external wallet? At Finst, we have various cryptocurrencies enabled for automatic withdrawals, which are sent straight to your wallet after each recurring purchase.

Celo is a blockchain that makes mobile cryptocurrency payments easier. With Celo, users can easily make transactions via a mobile app without needing to understand the intricacies of blockchains. Just like Ethereum, Celo uses the Proof-of-Stake (PoS) consensus mechanism and supports its own token, CELO, as well as several stablecoins like cUSD and cEUR. These stablecoins are pegged to the US dollar and the euro.

Additionally, Celo is a CO2-negative blockchain, meaning it offsets more carbon than it emits. It achieves this by using an energy-efficient Proof-of-Stake consensus and by investing in projects that reduce CO2 emissions (such as planting new trees).

Unlike other blockchains, Celo uses an innovative system where phone numbers are used as public keys. The blockchain is designed to make it easier for users to send and receive crypto.

The CELO token serves as the governance and utility token for the Celo network. Users can vote on network updates and other blockchain changes with this token. Additionally, stablecoins like cUSD and cEUR, pegged to the US dollar and euro, are used on the network to reduce volatility.

The Celo Foundation plays a key role in supporting the Celo ecosystem. This non-profit organization promotes the mission of Celo, encourages the adoption of its technology, and collaborates with various partners to expand its impact worldwide.

Celo was founded in 2017 by Rene Reinsberg, Marek Olszewski, and Sep Kamvar. Reinsberg and Olszewski are both MIT alumni, and they had previously worked together on Locu, a tech company later acquired by GoDaddy. Kamvar has extensive experience with distributed systems (like blockchain tech and peer-to-peer networks) and cryptography. He’s a computer scientist and former MIT professor.

Together, they envisioned promoting financial inclusion and making blockchain technology more accessible. This vision led to the creation of Celo: a user-friendly, sustainable, and accessible platform that gives millions of unbanked people access to the digital economy.