1. Home
  2. Converter
  3. Korean Won (KRW) to Celsius (CEL)

Convert
Korean Won (KRW) to Celsius (CEL) Instantly

Purchase Celsius (CEL) with Korean Won (KRW) easily at Switchere and benefit from fast, secure transactions.

KRW
KRW
Bank card
CEL
Celsius (CEL)
Crypto
Buy Celsius

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)

Buy Other 150+ Cryptocurrencies for Korean Won (KRW)

Other Coins for Korean Won (KRW)

How to Buy Celsius (CEL)

  1. Select currency menu

    Choose KRW 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.

Web ios android

Frequently Asked Questions

  • What is the KRW/CEL trading pair and what does it represent?

    The KRW/CEL pair represents a direct fiat on-ramp allowing users to purchase Celsius Network's native utility token, CEL, using the South Korean Won (KRW). This enables traders in South Korea to gain direct exposure to the Celsius ecosystem, known for its crypto interest accounts and loan services, without needing to first convert KRW to a major cryptocurrency like BTC or ETH.

  • What is the primary token utility of CEL within the Celsius Network?

    The CEL token is central to the Celsius 'flywheel' model, designed to provide enhanced benefits to users. Its core utility includes loyalty tiers that offer bonus rewards on crypto deposits and discounts on loan interest rates. Users can also choose to earn their weekly interest rewards in CEL tokens at a higher rate, amplifying its role within the platform's earn and borrow ecosystem.

  • How can I securely store my CEL tokens after purchasing them with KRW?

    After acquiring CEL, you have two main options. For utility within the ecosystem, you can transfer them to the official Celsius app to earn interest and access loyalty benefits. For long-term, secure self-custody, you should withdraw the CEL, which is an ERC-20 token, from the exchange to a personal digital wallet you control. A hardware wallet is highly recommended for maximum security against online threats.

  • What are the common methods for purchasing CEL tokens with South Korean Won?

    Typically, you would use a regulated South Korean cryptocurrency exchange that lists the KRW/CEL pair. The process involves completing a mandatory KYC/AML verification, linking a real-name bank account to deposit KRW via bank transfer, and then placing a buy order on the exchange's order book to trade your fiat for the CEL digital asset.

  • Are there specific regulatory considerations for KRW fiat on-ramps in South Korea?

    Yes, South Korea has a stringent regulatory framework for digital asset transactions. Any cryptocurrency exchange offering KRW trading pairs must comply with strict KYC/AML laws, which includes mandatory real-name bank account verification for all users. This ensures a high level of transparency and security for fiat gateway services within the country.

  • What factors influence the liquidity of the KRW/CEL trading pair?

    The liquidity of the KRW/CEL pair is primarily influenced by the trading volume on South Korean exchanges that list it. Key factors include local market demand for CEL token utility, overall sentiment in the cryptocurrency market, regulatory news in South Korea, and the depth of the order book on the specific trading platform. Higher trading volume generally leads to better liquidity, resulting in tighter spreads and less slippage for traders.

Our website uses cookies. Our Cookie Policy