Buy Celsius
in Hungary

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.

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.

According to the Finance Ministry of Hungary, investing, trading and mining cryptocurrencies are legal in Hungary. But note that a legal definition for cryptocurrencies is still developing. This means that cryptocurrencies are not an official form of legal tender yet. Legal tenders are anything recognized by law as a means to settle a public or private debt or meet a financial obligation. It is estimated that Hungarians own about 300 billion HUF (850 million EUR) worth of cryptocurrencies.

Yes. According to the new regulation of National Tax and Customs Administration (NAV), from 2022, 15% personal income tax will apply to cryptocurrencies. But note that you only need to pay taxes when you exchange your cryptocurrencies for traditional currencies such as euros. You do not have to pay tax for exchanging a cryptocurrency for another cryptocurrency. According to the new regulation mentioned above, investors can deduct their losses from their tax base. Also under the same regulation, you can have the option to deduct expenses related to trading from your tax base, such as fees of crypto exchanges. Although the new regulation will make the taxation of cryptocurrencies more transparent, Hungary still lacks detailed regulation on this topic.

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.

Every resident of Hungary can convert, buy, and sell cryptocurrencies with fiat. Some supported payment methods are: Bank Deposit and PayPal. Buying is pretty easy for residents of Hungary, choose our exchange, verify your ID, connect your payment method, and buy away.