Buy Celo
in Netherlands

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.

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.

According to The Dutch National Bank (DNB) all cryptocurrency transactions are legal in the Netherlands. However, cryptocurrencies are still not accepted as digital money. The Dutch National Bank is in charge of cryptocurrency regulations in the Netherlands. They prevent cryptocurrency from being used for illegal purposes such as money laundering or funding of criminal or terrorist activities. It is estimated that over 520 thousand people, 3.04% of Netherlands’ total population, currently own cryptocurrency.

Yes. According to Netherland’s Money Laundering and Terrorist Financing Prevention Act (Wwft), all crypto assets of a private individual count as salary or income. There is no crypto capital gains tax in the Netherlands. Rather, crypto is taxed as an asset. According to the same document, if the taxable base value of your assets (crypto and non-crypto) is more than 50,000 EUR, you are subject to the net worth tax of 31%. This is a fixed percentage return assumed by the government.

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.

Anyone with a bank account or credit card. You can use fiat currency deposits to purchase cryptocurrencies in the Netherlands with the help of a trusted exchange. Plus, secure and easy transactions with zero transaction fees are provided by our exchange and through different pay methods such as Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal.