How to buy Celo Dollar (CUSD) in Australia
Learn how to buy Celo Dollar (CUSD) easily by following a step-by-step guide and comparing 10+ crypto exchanges.
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How to buy Celo Dollar
1. Compare crypto exchanges
The easiest way to buy Celo Dollar is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
2. Create an account
To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready.
3. Make a deposit
Once verified, you can deposit $ using the payment method that best suits you – cryptocurrency, paypal, wire transfer and credit or debit card payments are widely accepted.
4. Buy Celo Dollar
You can now exchange your funds for Celo Dollar. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your Celo Dollar to your personal wallet.
Where to buy Celo Dollar in Australia
Find an exchange to buy, sell and trade CUSD by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Steps on how to buy Celo Dollar
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Celo Dollar.
- Compare cryptocurrency exchanges that support CUSD.
Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
- Create an account on an exchange.
You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Celo Dollar.
- Buy Celo Dollar.
Complete your Celo Dollar purchase and then find the best wallet to store CUSD.
What to consider when buying Celo Dollar
CUSD is a USD pegged stablecoin that can be used within the Celo ecosystem for a variety of payment-related purposes. Unlike most cryptos available in the market today, the asset is not subject to major price swings. Here are a few key aspects of the project worth considering:
- Mobile centric design: Typically when dealing with crypto transfers users are required to remember cumbersome wallet addresses which consist of a long string of alphanumeric characters. However, as per the official project whitepaperwhitepaper Celo’s unique design allows it to process payments using one’s mobile phone number.
- Cost efficient design:By making use of a “mobile address-based encryption system”, users can process voluminous monetary transactions securely using their phones at near zero fee rates. Not only that, by making use of one’s phone numbers for identification purposes, Celo is able to eliminate the need for any financial intermediaries such as banks, money lenders completely.
- Solid market partnerships:Since entering the market, Celo has entered into partnerships/agreements with a host of mainstream entities including OKCoin, Opera, Bitso, cLabs, Coinbase Ventures, A16Z, Deutsche Telekom, Polychain, Paxful, etc.
- Ease of availability:Celo Dollars’ growing market popularity is made evident by the fact that the stablecoin is now being traded across a number of mainstream cryptocurrency exchanges including KuCoin, Bittrex, Coinlist Pro, amongst others.
How to sell Celo Dollar
You can cash out your CUSD with the same exchange you bought it through:
- Sign in to the exchange you have CUSD on.
If you store your Celo Dollar in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of CUSD you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Celo Dollar.
Disclaimer: Cryptocurrencies, including Celo Dollar, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of CUSD is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Celo Dollar or any other cryptocurrency discussed.
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