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Learn More about buying CEL in Austria
How to buy Celsius in Austria
Is CEL a good investment in Austria?
CEL coin was released to the market in December 2018 with an initial price of $0.026. It didn’t have
many fluctuations for almost two years. It was in November 2020 when it finally could reach higher than
$1. Meanwhile, 2021 was a better year for CEL holders because the CEL price reached its highest value
of $8. As the numbers show, the CEL owners had increased their wealth eight times in one year, which
was a surprising profit. However, the CEL price dropped and ended the year at $3.82. CEL value had
many ups and downs in 2022, but it never rose more than $4 and ended the year at $0.5.
Investing in cryptocurrency is very risky. People would like to know if the future of the CEL token will be
profitable or not. The most important thing to know is that no one can forecast the future of a
cryptocurrency. Like everything else, it can’t be foreseen. But to make it easier for the investors to
decide on buying a coin, analysts and crypto experts usually give price predictions based on the analysis
they do. They think the price of CEL tokens might reach $13 by 2025. The analyses also predict that this
coin might have a price of $19 by 2030. However, you should still consider that these are just predictions
and you should not do any investment only based on these numbers.
What is Celsius ?
Celsius is a peer-to-peer lending platform launched in 2018. It is created to facilitate the process of
borrowing and lending using blockchain. In this network, users can put CEL tokens as collateral, receive
fiat currency, and pay back with a small fee. The lenders are rewarded with CEL tokens. Furthermore,
the Celsius network has an appealing loyalty program for its users. Members who reach a higher level in
this loyalty program will receive rewards or discounts on their loan interest.
Is Celsius legal to buy in Austria
In Austria, cryptocurrency is accepted as an intangible asset. According to Global Legal Insight website, there is no specific regulation against buying or trading crypto in this country. Therefore, it is considered legal. However, the country’s financial authorities announced in 2020 that it has set a fine of up to 200,000 Euro for individuals or businesses related to cryptocurrency who don’t follow anti-money-laundry laws. By 2022, almost 2% of Austrians had at least one cryptocurrency as their digital assets. They also have stated in the digital currency laws in Austria that these cryptocurrencies are not considered a means of payment or supported by this body. Businesses related to digital currencies must obtain a license from the financial organization.
Is Celsius taxed in Austria
According to the Federal Ministry, Republic of Austria Finance, dgital currencies are exempt from value-added tax (VAT). But, if these cryptocurrencies are used as a payment method or in exchange for a product, they will be taxed and dealt with according to the laws of payment instruments.
Crypto tax laws were reformed on March 1, 2022. Previously, crypto owners in Austria only had to pay income tax on short-term crypto gains. This means that if they sold, spent or traded the cryptocurrency in less than a year, they would have to pay income tax. But if they kept this digital currency for more than a year, even if they made a profit by selling it, they would not pay any tax. New laws changed this situation. From now on, all crypto transactions will be subject to a 27.5% tax rate, whether the crypto owner sells it for less than a year or holds it for a long time. However, the new rules only apply to coins purchased after February 28, 2021. Any digital currency purchased before this date will be operated with the previous rules.
After you've bought Celsius in Austria
CEL is a lending token. It means people use these tokens on the Celsius Network as collateral to receive
fiat as a loan. They can also receive CEL as a reward for lending currency to others. The more CEL tokens
a member has, the cheaper loan payment they will get.
Like other cryptocurrencies, CEL crypto can be a good investment. However, there is no guarantee about
its future. But people still keep this crypto as an investment. If you want to invest in CEL crypto, we
recommend you read more about its news. Check its daily price for a while, read comments about its
probable future, and follow experts on social media. Consider several factors when you want to buy
cryptocurrency as an investment. Last but not least, you should have an exit point for your investment.
This way, if the price does not increase much, you will not lose a lot.
Who can buy Celsius in Austria
Everyone can buy cryptocurrency in Austria. However, people need to have a valid identity and bank account while buying cryptocurrency on any exchange. They will be authenticated, then they can start buying coins. Although people can buy cryptocurrency anonymously, it is not recommended to people, especially beginners because it is not a secure way of buying cryptocurrency, and people will be more prone to be hacked or losing their assets. If you want to buy cryptocurrency in Austria, sign up on Blocktrade and select the coin you want to buy. It is a safe and cheap way of purchasing cryptocurrency in Austria.
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Frequently asked questions
CEL tokens are available on most exchanges. If you are looking for a secure and trusted exchange with
zero processing fee, buy CEL from Blocktrade exchange, which is a cheap and cost-effective place to buy
Lots of exchanges are available in Austria that support lots of cryptocurrencies. You can easily find the right platform for buying your preferred coin. Blocktrade is one of the best exchanges regulated in the EU. You can find several coins on this exchange and trade with zero fees.
There is no rule against buying, investing in, selling or even mining cryptocurrency in Austria.
The Celsius Network is a London-based company founded by Alex Mashinsky, S. Daniel Leon, and Nuke
Goldstein. Notably, Mashinsky who is an entrepreneur and engineer formerly contributed to creating a
Voice Over Internet Protocol foundation.
It is allowed to buy and sell cryptocurrency in Austria, but you need to know that this country has strict rules against money laundering. Therefore, check the rules to prevent any fines regarding selling crypto.You can sell your coins on the BlockTrade exchange easily and quickly.
Like other coins, the future of CEL is also unpredictable. No one can guarantee that investing in Celsius
will be profitable. However, the price history of this coin showed several profitable moments, but it
doesn’t ensure it will happen in the future too. Consider several factors to decide if buying CEL might be
worth it for you.