How to Buy Celo (CELO) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has Celo, and is trustworthy!

You can find our top 3 exchanges for buying Celo here, alternatively you can also check our comparison of the best cryptocurrency exchanges in Australia if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy Celo

And of course, the final step is to find Celo on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy Celo (CELO)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell Celo

  1. Sign into the exchange
  2. Find where you stored your Celo, either on a hardware wallet or on the exchange.
  3. Transfer your Celo to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell Celo.
Businessman looking at crypto trend

Considerations when looking to buy Celo.

Celo is a blockchain ecosystem that aims to increase cryptocurrency adoption among smartphone users.

Celo plans to use phone numbers as public key to allow the billions of smartphone users around the globe to transact in cryptocurrency.

As part of Decentralized Finance (DeFi), the network allows for the creation decentralized apps (DApps), and smart contracts (Smart Contracts). The mainnet was launched on April 2020.

Two native tokens are available on the platform. CELO is a proof of-stake (PoS), token that can be used to pay transaction fees and participate in governance. The platform will host other stablecoins in the future. Currently, there are three: the Celo Dollar, Celo Euro, and Celo Brazilian Real (CREAL).

Celo's unique selling point is its focus on smartphone owners. Celo argues that smartphone ownership is growing exponentially but that cryptocurrency use is growing at a slower rate.

Additionally, cryptocurrency is well-suited for regions where a large portion of the population doesn't have access to the banking system but still has a phone.

Celo is aiming to bridge the gap between these two technologies. It also supports the creation of DApps, smart contracts and other DeFi-related projects.

The Celo blockchain is optimized for mobile and automatically calculates transaction fees. Users can also pay gas fees that power transactions in any currency.