Celo price and where to buy CELO

What is Celo?

Celo is a network built for mobile payments and stablecoins, which moved from its own blockchain to become a layer-two network on Ethereum. CELO pays fees and is used in governance and staking; transactions can also pay fees in supported stablecoins.

How to buy Celo, step by step

1. Pick an exchange. CELO is listed on four of the five exchanges we track. Compare fees, funding options and whether it serves your country in our exchange reviews.
2. Create and verify your account. Regulated exchanges ask for identity documents before you can deposit fiat.
3. Fund the account. A bank transfer or a stablecoin deposit usually costs far less than a card payment.
4. Buy CELO. Use the CELO/USDT or CELO/USD market, and check the cheapest venue in the table above first.
5. Decide where to keep it. On the exchange is simplest, but the exchange then holds your coins. CELO lives on the Celo network; choose it when you withdraw to a wallet that supports it.

Where to buy Celo at the best price

The cheapest venue right now is marked in the table above. Add its trading fee before comparing: on CELO the venues disagree by about 0.17 percent on average, so on a small purchase the fee and the funding method usually matter more.

• The price on that venue. Each row shows the gap to our composite.
• The trading fee. Our fee comparison lists spot fees side by side.
• How you fund the account. A bank transfer or stablecoin deposit is usually far cheaper than a card payment, which often costs several percent.

Why the Celo price differs between exchanges

In our minute-by-minute measurement the gap between the highest and lowest venue averaged about 0.17 percent, against about 0.025 percent for Bitcoin. It went above half a percent in about 13 minutes out of every thousand, and reached about 1.3 percent at its widest.

Just under half of the CELO spot volume we track trades on a single venue. The spread figure at the top of this page is the live measurement; our guide on why crypto prices differ between exchanges explains the mechanism.

What moves the Celo price

The wider crypto market, and in CELO’s case its own news too. In our hourly composite, CELO moved with Bitcoin at a correlation of about 0.40, where 1 would mean identical moves, and its moves were more than two and a half times the size of Bitcoin’s.

CELO’s link to Bitcoin is weak in our data, so its own drivers matter: stablecoin usage on the network and leverage. The funding rates on this page show whether leveraged traders are paying to be long or short right now.

Pros and cons of Celo

Pros

• Built for mobile payments, with fees payable in stablecoins.
• Part of the Ethereum ecosystem as a layer-two network.

Cons

• Thin trading volume: it trades on four of the five exchanges we track, with little volume on each.
• One of the wider average price gaps between exchanges we track.
• It trades far below its all-time high of about $9.82.

Celo’s highest price

Celo’s all-time high is about $9.82 on volume-weighted data. The chart above shows the last 30 days of our composite, and the CELO to USD converter applies the live price to any amount.