How to Buy Celsius (CEL)

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.

CEL is the native token on the Celsius network, which is mainly used to take loans. But this coin is also a
reward token, which users will receive doing an operation like lending coins to others. CEL is an ERC-20
token created on the Ethereum blockchain. Therefore, this coin can be kept in any Ethereum-based
wallet. Furthermore, CEL owners have priority in the loan queue and can grant loans at a better rate.
They also receive discounts based on the number of tokens they hold. CEL coins are not minable and
have a limited supply. The maximum supply of CEL is 695 million tokens, and 76% are in circulation.

The security of this network is guaranteed by a modified Proof-of-Stake mechanism, which protects the
network from the risk of theft from hacking attacks. However, the CEL owners should still use adequate
protections for their wallets to prevent these frauds. If you buy CEL from a trusted exchange and put it
in a secure wallet with two-factor authentication, you can ensure that your coins are safe.

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.