How to Buy Celo Crypto (CELO)
What is Celo (CELO)?
According to Coingecko, Celo is : Celo enables participation on the Platform, with the opportunity to earn rewards through network participation. Celo’s stability mechanism and token economics are designed in such a way that demand for cGLD directly increases as demand for Celo Dollars (cUSD) and other stable value assets increases. cGLD is a native cryptographic digital asset created at the mainnet release of the Celo Platform. cGLD has no relationship to physical gold. cGLD is a utility and governance asset required to participate on the Celo Platform. Some uses include: Running a validator to secure and operate aspects of the Celo Platform Voting for validators working to secure and operate the Celo Platform Participating in governance decisions to influence the future of the Celo Platform Supporting applications on the platform cGLD forms part of the overcollateralized reserve that supports the Celo stable value assets (initially Celo Dollar or cUSD). The Celo Protocol automatically adds cGLD to the reserve whenever the Celo stable value asset supply increases.
Where can I buy CELO Crypto?
The best website to buy Celo is Simpleswap.
With Simpleswap you can buy almost every reputable token without needing to register or providing proof of identity. The process is incredibly simple and quick.
How to Buy Celo on Simpleswap
To buy Celo on Simpleswap, first you need to click here to access the Simpleswap App. Now, click the "Buy Crypto" tab, select your fiat currency, and then select CELO, just like in this example:
Once you selected the currency you want to pay in, and CELO, you need to paste your respective wallet address where you want to receive your CELO.
With Simpleswap, you'll receive your Celo directly on your on-chain wallet without need to deposit and withdraw like in every other exchange.
You can now choose between Google Pay or card to complete the payment:
Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in your wallet.
Check out Celo links:
Please make sure you read our Disclaimer. We are not financial advisors.