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Thai Baht (THB) to Celsius (CEL) Instantly

Purchase Celsius (CEL) with Thai Baht (THB) easily at Switchere and benefit from fast, secure transactions.

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)

How to Buy Celsius (CEL)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose THB to CEL Pair

    Select your preferred payment method and enter the amount.

  2. Step 2 illustration
    02

    Enter Your Celsius Wallet Address

    Provide your CEL wallet address and proceed with the payment.

  3. Step 3 illustration
    03

    Receive Your Celsius

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

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Frequently asked questions

  • What does the THB/CEL pair represent and what is its current trading status?

    The THB/CEL pair represents the exchange rate between the Thai Baht (THB) and the Celsius (CEL) token. CEL is the native utility token of the Celsius Network, a crypto lending platform. It's crucial to note that due to the Celsius Network's Chapter 11 bankruptcy proceedings, the CEL token is considered a high-risk, distressed digital asset. Most major cryptocurrency exchanges have delisted it, severely impacting its liquidity and making THB/CEL a rare and speculative trading pair.
  • What was the original designed utility of the CEL token on the Celsius Network?

    Originally, the CEL token was an integral part of the Celsius Network's ecosystem, designed as a yield-bearing asset. Its primary utility was to provide users with enhanced benefits. By holding CEL, users could receive higher 'Earn Rewards' on their deposited digital assets, access lower interest rates on crypto-backed loans, and get weekly rewards paid in CEL. The model was centered around this token utility to incentivize participation and loyalty on the crypto lending platform.
  • What are the primary risks when attempting to trade CEL for Thai Baht (THB)?

    Trading CEL involves extreme risks. The primary risk is extremely low liquidity, as most centralized exchanges have suspended CEL trading. This can lead to high price volatility and slippage. Another significant risk is the counterparty risk of using smaller, unregulated platforms or decentralized exchanges (DEXs) where the token might still be listed. Furthermore, the value of CEL is highly speculative and tied to the outcome of bankruptcy proceedings, meaning its price could go to zero. Always transfer CEL to a self-custody wallet before attempting to trade on a DEX.
  • Which fiat on-ramp methods are typically available in Thailand to convert crypto to THB?

    For converting any digital asset to Thai Baht (THB), users in Thailand typically rely on regulated local cryptocurrency exchanges. The most common fiat off-ramp methods include direct local bank transfers to Thai bank accounts and Thai QR payment systems. To use these services, you must complete a full KYC/AML (Know Your Customer/Anti-Money Laundering) verification process, as mandated by the Thai SEC. Peer-to-peer (P2P) trading is also an option but carries different risks.
  • Is it possible to find a THB/CEL order book on major Thai cryptocurrency exchanges?

    No, it is highly improbable. Following the Celsius Network's collapse and bankruptcy filing, virtually all regulated centralized exchanges, including those operating in Thailand under Thai SEC supervision, delisted the CEL token to protect investors. Consequently, you will not find a liquid THB/CEL order book on these platforms. Any remaining trading volume for CEL is concentrated on a few decentralized exchanges or smaller, offshore platforms that pose a higher risk.
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