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Convert
Euro (EUR) to Celsius (CEL) Instantly

Purchase Celsius (CEL) with Euro (EUR) easily at Switchere and benefit from fast, secure transactions.

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About
Celsius (CEL)

Celsius Network, with its native CEL token, emerged as a major centralized finance (CeFi) platform designed to bridge the gap between traditional banking and the world of digital assets. Its primary function was to offer users the ability to earn yield on their cryptocurrency holdings and to take out crypto-collateralized loans. The platform operated on a custodial basis, managing user funds to generate interest income through lending activities to institutional borrowers. This model positioned it as a user-friendly alternative for crypto holders seeking to put their assets to work without navigating complex DeFi protocols.

The CEL token was the core of its loyalty and rewards system. As a utility token, holding and using CEL provided tangible benefits within the Celsius ecosystem, such as preferential interest rates for both earning and borrowing. Users could receive higher yields on their deposited assets and lower rates on loans, with rewards often distributed weekly in the form of CEL. This tokenomics structure was designed to incentivize user loyalty and drive demand for the native asset. However, the platform faced significant operational challenges and market pressures, which ultimately led to a Chapter 11 bankruptcy filing, profoundly impacting its users and reshaping the narrative around risk in the CeFi lending industry.

Celsius (CEL)

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How to Buy Celsius (CEL)

  1. Select currency menu

    Choose EUR to CEL Pair

    Select your preferred payment method and enter the amount.

  2. Crypto address page

    Enter Your Celsius Wallet Address

    Provide your CEL wallet address and proceed with the payment.

  3. Confirmation page

    Receive Your Celsius

    Complete the payment, and your CEL will be sent to your wallet.

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Frequently Asked Questions

  • What are the primary methods for converting EUR to Celsius (CEL) on a cryptocurrency exchange?

    To convert Euros to the CEL token, you typically need to use a centralized or decentralized cryptocurrency exchange that still lists the asset. The process involves creating an account, completing KYC/AML compliance, and funding it with Euros, often via a SEPA transfer or credit/debit card. Once funded, you can place an order on the EUR/CEL order book. However, be aware that since the Celsius Network's Chapter 11 bankruptcy, many major exchanges have delisted CEL, significantly reducing liquidity and available trading venues.

  • What are the specific risks to consider when trading EUR for CEL tokens post-bankruptcy?

    Trading EUR for CEL involves significant risks following the Celsius Network's bankruptcy filing. The token's original utility model is no longer functional, making its value highly speculative. Liquidity is extremely low on remaining exchanges, leading to high price volatility and slippage. There is also a persistent risk of further delistings, which could make it difficult to trade or sell the digital asset in the future. Secure trading practices are paramount.

  • After a EUR to CEL transaction, what is the most secure way to store the CEL tokens?

    After acquiring CEL tokens, the most secure storage method is to withdraw them from the cryptocurrency exchange to a private digital wallet where you control the private keys. For long-term holding, a hardware wallet provides the highest level of security by keeping your keys offline. Given the history of the Celsius platform, relying on self-custody solutions is a critical security best practice to protect your digital asset from third-party risk.

  • What was the original purpose of the CEL token within the Celsius Network ecosystem?

    The CEL token was designed as the native utility token for the Celsius Network, a crypto lending platform. Its primary function was to provide enhanced benefits to users within its loyalty tiers. Holders could earn higher rewards on their deposited digital assets, receive discounts on loan interest payments, and make instant, fee-free payments using a feature called CelPay. This utility was directly tied to the platform's active operation.

  • How do SEPA transfers affect the process of purchasing CEL with Euros?

    Using a SEPA (Single Euro Payments Area) transfer is a common and cost-effective fiat on-ramp for purchasing digital assets like CEL within the Eurozone. SEPA transfers generally have lower fees than credit card purchases and are widely supported by exchanges. However, they can take 1-2 business days to process. Once your Euro deposit is confirmed, the funds are available in your exchange account to execute a trade on the EUR/CEL trading pair.

  • Why is liquidity a critical factor for the EUR/CEL trading pair?

    Liquidity is crucial because it indicates the ease with which you can buy or sell CEL with Euros without causing a significant price change. For the EUR/CEL pair, liquidity has been severely impacted since the platform's issues, meaning there are fewer buyers and sellers. Low liquidity results in a wider bid-ask spread (higher indirect costs), increased slippage on market orders, and the risk of being unable to execute large trades quickly, making the market more volatile and risky.

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