Celsius is a blockchain-based platform functioning like a banking system. In fact, the Celsius network one-ups the various banking systems because it offers up to 80% of its revenue to its users. The network supports a range of cryptocurrencies, like BTC and ETH, among others. CEL, short for Celsius, is the native cryptocurrency of the network. 

Compared to banks, which hardly offer 1% revenue per year, Celsius offers high rates of revenue owing to the volatile nature of cryptocurrencies, sometimes even as high as 15%. Clearly, CEL is an excellent option for investment, and it is easy to convert these tokens into fiat currency. Just follow any of the methods discussed below.

Use CEL Cryptocurrency Exchanges
1

Use CEL Cryptocurrency Exchanges

One of the easiest ways to exchange your CEL tokens for traditional money is by using a cryptocurrency exchange. Just follow these steps to convert your tokens into traditional money on these platforms:

  • Create an account on the cryptocurrency exchange that you have chosen.
  • Link your bank account to this account.
  • Transfer the CEL tokens from your crypto wallet to the account on the cryptocurrency exchange.
  • Select the fiat currency you want to exchange your CEL tokens for.
  • The due amount will be credited to your account as soon as the transaction goes through.
Sell CEL to Another Person
2

Sell CEL to Another Person

Another common way of exchanging your CEL tokens for traditional money is by selling your tokens to another person. A broad division would reveal that there are two types of platforms which allow holders to sell their tokens to another person.

P2P platforms enable holders to conduct transactions directly with other people. There is no involvement of other intermediaries in these transactions, so the holder is free to execute the transaction the way they like. The buyer directly contacts the seller and carries out the deal.

Brokerages are exchange platforms with a third-party institution overseeing all the transactions. The parties involved in the transaction don’t have to do much. The broker makes all decisions; you only need to pay the brokerage fees for the services.

Use CEL ATMs
3

Use CEL ATMs

Another way to exchange cryptocurrency tokens for traditional money is through a crypto ATM. Crypto ATMs allow people to buy or sell their tokens in exchange for fiat currency. Unfortunately, there are no CEL ATMs at the time of writing this article.

FAQs

Can I exchange my CEL coins for traditional currency?

Yes, you can easily exchange your CEL tokens for traditional money using cryptocurrency exchanges or by selling your tokens to another person.

How do I sell my CEL tokens to another person?

There are two kinds of platforms which allow you to sell your CEL tokens to another person. They are P2P platforms or brokerage platforms.

Why should I use CEL tokens?

You can get rewards when using CEL tokens to carry out transactions on the Celsius blockchain. In fact, there is a 30% extra revenue for people who agree to receive their rewards in CEL tokens. 

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