Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Celo. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!

Sign up with Swyftx

Celo

Australia has a decent amount of reliable and regulated cryptocurrency trading platforms, so it’s quite easy finding an exchange that has Celo. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.

Let’s get into it!

How to Buy Celo in Australia

There are only 4 main steps involved and it’s pretty straightforward:

  1. Choose a crypto exchange
  2. Sign up with the exchange
  3. Fund your account with AUD
  4. Buy Celo

1. Choose a crypto exchange

As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Celo in its list of cryptocurrencies.

Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.

And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.

So for this guide on buying Celo, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Celo.

If you’d like to learn more about the exchanges we recommend, look at our comparison of the crypto exchanges.

2. Sign up with the crypto exchange

Once you’ve decided on which exchange to use, it’s time to sign up.

Sign up with Swyftx and grab $20 free BTC.

Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.

Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.

Once done, it’s time for the next step.

3. Funding your account with AUD

To buy Celo, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.

Swyftx Deposit Methods

4. Buy Celo

The final step is to go to their asset list, find Celo, navigate to the buy section, and then trade your AUD for some CELO. Once you’ve bought Celo, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.

Where to Buy Celo (CELO)

ExchangeRatingCryptocurrenciesSite
Swyftx logo5/5300+ cryptocurrenciesVisit Swyftx
CoinSpot logo4/5200+ cryptocurrenciesVisit Coinspot
binance logo3/5400+ cryptocurrenciesVisit Binance

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How to Sell Celo

If you’re thinking about selling Celo, just follow the steps below.

  1. Sign in to the cryptocurrency exchange (like Swyftx).
  2. Click on Celo in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
  3. FInd the sell section and sell Celo for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

Is buying Celo in Australia legal?

Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.

How to buy Celo with PayPal?

Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Celo. Have a look on their site first, you might be lucky.

How to buy Celo with a credit card or debit card?

Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Celo with your credit/debit card.

About Celo

Celo is a blockchain ecosystem designed to encourage cryptocurrency adoption by smartphone users.

Celo will use phone numbers to create a public key that allows billions of smartphone owners around the world to transact in crypto.

The network is part of Decentralized Financing (DeFi) and allows for the creation decentralized applications (DApps) as well as smart contracts (Smart Contracts). April 2020 saw the launch of the mainnet.

There are two native tokens available on the platform. CELO, a proof-of-stake (PoS) token, can be used to pay transaction fee and participate in governance. In the future, other stablecoins will be hosted on the platform. There are currently three stablecoins: Celo Dollar (CREAL), Celo Euro (CREAL), and Celo Brazilian Real.

Celo's distinctive selling point is its attention to smartphone owners. Celo claims that smartphone ownership is increasing exponentially, but that cryptocurrency usage is growing slower.

Furthermore, cryptocurrency can be used in regions that don't have access the banking system but still have a smartphone.

Celo aims to bridge the gap between these technologies. It supports the creation DApps, smart contract and other DeFi-related initiatives.

Celo's blockchain is mobile-friendly and automatically calculates transaction fees. Gas fees can be paid by users to power transactions in any currency.

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