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US Dollar (USD) to Celsius (CEL) Instantly

Purchase Celsius (CEL) with US Dollar (USD) 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 USD 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 is the USD/CEL trading pair and what is its current relevance?

    The USD/CEL pair represents the exchange rate between the US Dollar and the CEL token, the native utility token of the Celsius Network. Its relevance has fundamentally changed since Celsius Network filed for Chapter 11 bankruptcy. Originally used for benefits within their crypto lending platform, the CEL token's utility and value are now primarily tied to the ongoing bankruptcy proceedings and any potential recovery plans for Celsius creditors.

  • Where can you buy CEL with USD, and what are the risks?

    Following the Celsius bankruptcy, most major centralized cryptocurrency exchanges delisted the CEL token, making a direct USD fiat on-ramp difficult. It may still be traded on some decentralized exchanges (DEXs) or smaller, less-regulated platforms. The risks are extremely high: severe price volatility, very low liquidity leading to significant slippage, potential for further delistings, and the fundamental uncertainty tied to the outcome of the legal proceedings. Extreme caution is advised.

  • What typical USD payment methods were used for CEL before it was widely delisted?

    Prior to its widespread delisting from major US-based and international cryptocurrency exchanges, purchasing CEL with USD was straightforward. Common fiat on-ramp methods included ACH transfers from US bank accounts, domestic and international wire transfers, and debit/credit card purchases. These transactions were subject to the respective platform's KYC/AML compliance checks and fee structures.

  • What was the original designed utility of the CEL token on the Celsius Network?

    Before the bankruptcy, the CEL token was an integral part of the Celsius 'Earn program'. Its primary utility was to provide enhanced benefits to users holding it on the platform. These benefits included earning higher interest rates on deposited digital assets (yield farming), getting discounts on loan interest payments, and receiving weekly rewards in CEL. The amount of CEL held determined a user's loyalty tier and the magnitude of these benefits.

  • How has the Celsius Chapter 11 bankruptcy filing affected the CEL token's market?

    The bankruptcy filing had a catastrophic effect. It caused a massive loss of confidence, leading to a severe price crash for CEL. Major cryptocurrency exchanges halted trading and delisted the token to mitigate risk, which decimated its liquidity and trading volume. The token's utility was effectively nullified overnight, and its market is now driven purely by speculation related to the bankruptcy outcome and its potential role in any in-kind distributions to Celsius creditors.

  • Is it possible for the CEL token to regain utility after the bankruptcy proceedings?

    This is highly speculative and depends entirely on the approved restructuring or liquidation plan. Some proposed recovery plans have included scenarios where the CEL token might be converted into a new form of equity or utility token for a restructured entity. However, there is no guarantee this will happen. Any future utility is contingent on court approvals and the successful emergence of a new, viable business from the Celsius Network's assets. Traders should refer to official court filings for definitive information, not market speculation.

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