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Learn More about buying Celo in Greece
How to buy Celo in Greece
Is Celo a good investment in Greece?
The main network of Celo (Mainnet) was launched in April 2020. Celo protocol is an open source, decentralized and distributed blockchain network. The purpose of this network is to create an environment for the development and launch of decentralized applications (DApps) compatible with smartphones. Cello's goal is for every user anywhere in the world to be able to access financial services, in order to transfer money to their contacts and buy goods through a smartphone. In the Celo protocol, there is the ability to develop and deploy smart contracts. The codes of these smart contracts are fully compatible with Ethereum virtual machines. The codes used in the design of the Celo blockchain network architecture are also similar to the Ethereum network codes. However, Celo is a completely separate network from Ethereum.
This network uses ‘zero knowledge proof’ technology and digital signature to optimize its capabilities even in weak connection conditions. In this way, very secure and extremely fast synchronization between smartphones and the Celo network is possible. This means that even users who use weak internet, low bandwidth, expensive services and cheap and old mobile phones can use Celo-based applications.
What is Celo ?
Currently, Celo network uses two native tokens or crypto assets in its network. One of them is CELO. CELO is the symbol for the cryptocurrency Celo. The symbol CELO is frequently utilized on trading platforms to identify the Celo currency. By searching for CELO on our exchange, you may quickly access information about this cryptocurrency.
Is Celo legal to buy in Greece
Yes. According to the Law 4734/2020 which is the basis of the applicable Greek institutional framework on preventing money laundering and terrorist financing, cryptocurrency is a digital representation of value that is not issued or guaranteed by a central bank or a public authority, is not necessarily attached to a legally established currency and does not possess a legal status of currency or money, but is accepted by natural or legal persons as a means of exchange and which can be transferred, stored and traded electronically.
Is Celo taxed in Greece
Yes. According to the strategic plan by the Independent Public Revenues Authority (IAPR) of Greece, the taxation of income that results from cryptocurrency transactions are accounted as income from investments. Therefore, as stated in IAPR’s declaration, the income from the cryptocurrency transactions would be taxed as capital gains tax. According to Article 42 (3) of the Greek Income Tax Code (Law 4172/2013) capital gains means the difference between the purchase price paid by the taxpayer and the sale price received. For individuals, the capital gains tax would be at a rate of 15% according to Articles 42 and 43 of the above-mentioned Greek Income Tax Code.
After you've bought Celo in Greece
CELO cryptocurrency plays a crucial role in the advancement of the Celo platform's ecosystem by aligning the incentives of all stakeholders. It serves as a beneficial asset to the Celo community as it can be used for transactions, reserves, staking, and governance. In addition, CELO holders can use the token to fund community-driven projects that align with the Celo network's mission of financial inclusion.
Who can buy Celo in Greece
In Greece, anyone can buy cryptocurrency with the help of licensed cryptocurrency exchanges. There are some easy, secure, and private ways to pay for your crypto purchase in Greece such as: Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer, and PayPal. It is important that the exchange service also provides these payment methods as means of transaction when buying crypto assets in Greece. We are glad to declare that our exchange offers fast and safe access to these payment methods without charging any exchange fees for the high-standard transaction services in Greece.
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Frequently asked questions
CELO platform aims to bring financial services to people who are underbanked or unbanked. CELO's worthwhile proposition lies in its focus on financial inclusion and its aim to bring economic empowerment to people who are currently excluded from the traditional financial system. By providing a secure and user-friendly platform for financial services, CELO aims to make it easier for people in developing countries to access the financial tools and resources they need to improve their financial well-being. Additionally, the CELO platform is designed to be highly scalable and flexible, which allows developers to build and deploy a wide range of financial dApps quickly and easily. This could lead to a vibrant ecosystem of financial services built on the CELO platform, which could increase demand for the CELO cryptocurrency and drive its value higher over time.
Yes. According to the Greek Income Tax Code (Law 4172/2013), the tax for natural persons would be at a rate of 15% pursuant to Articles 42 and 43 of the Greek Income Tax Code and the tax for legal persons would be applicable as corporate income tax rate according to Articles 47 and 58 of the Greek Income Tax Code.
Yes. One of the easiest ways to buy crypto assets in Greece is through cryptocurrency exchanges. There are also ATM machines in Greece through which you can purchase cryptocurrency using cash. But know that most of them require a telephone number for verification.
On our exchange, the minimum purchase amount for CELO is $10. You also have the option to use various payment methods to complete the transaction. Once the purchase is complete, the CELO units will be visible in your cryptocurrency assets list.
It is estimated that 8.6% of the citizens in Greece have some form of cryptocurrency in their possession.
Protecting your CELO investment is crucial, and there are several ways to do so. Keeping your private keys offline makes storing your CELO in a hardware wallet one of the safest options. You can also use a common method of keeping crypto investments which is known as the software wallet, a digital wallet that you can store on your computer or mobile device. Also, in order to make trading for CELO cryptocurrency more practical, our exchange also provides a secure private online wallet with extra features and simple access to numerous trading options.