Celsius is one of the common networks used by various crypto traders for dealing in cryptocurrencies. Though the platform is widely used, people have unclear thoughts if they can sell their crypto on this platform or not. They are often confused about how to sell crypto on Celsius. If you are one of those, here is a post on how to sell crypto on Celsius. You’ll find all your answers here.
Celsius is a popular platform for beginners to deal with cryptocurrencies. It is also an application that allows you to buy around 10 cryptocurrencies and convert them into 30+ e-currencies. You can even weekly interest on this network. You just need to open an account on this platform and enjoy various benefits while dealing in crypto trading.
If you are confused about whether you can sell crypto on Celsius or not, the answer is no. celsius doesn’t allow users to sell their crypto on its network. Then, how to sell crypto on Celsius? You can choose another exchange like Binance, Coinbase, etc. to sell your Celsius crypto. You can create an account on that platform and proceed further to sell your Celsius crypto. Want to get more details? We’ll help you know more about how to sell crypto on Celsius.
Here is a post to help you understand how to sell crypto on Celsius. We have mentioned all the details related to the Celsius platform and how you can sell your Celsius crypto. So, without wasting much time, let us begin the post and find out how to sell crypto on Celsius. Before that, let us pour some light and discuss the Celsius platform.
What Is Celsius?
Celsius is a financial technology platform that can be used by people or traders who deal in cryptocurrencies. You can also use the Celsius application to buy around 10 cryptocurrencies and convert them to 30+ e-currencies. The platform is a good choice for those who want to start dealing in cryptocurrencies or those who wish to earn some passive income. Users can borrow funds and even earn weekly interest. The platform is around since 2018 and many crypto traders are using this platform. Users can buy crypto using this app.
CEL is the token of the Celsius network. It is the loyalty reward token that is offered by the Celsius platform. This is the main exchange method across the network. You can buy around 7 cryptocurrencies through the Celsius app including LTC, BCH, etc. That’s enough information related to Celsius. When you buy these cryptos, they’ll be deposited into your account, and you can earn interest on them. Let us now check out the pros and cons of Celsius before moving on to how to sell crypto on Celsius.
Related: How To Sell Stock On Cash App | 4 Easy Steps!
What Are The Pros Ans Cons Of Celsius?
We have already gone through the details related to the platform. It is time to discuss the advantages and disadvantages of Celsius. So, let us quickly walk you through the pros and cons of Celsius.
Pros Of Celsius
- It has robust DeFi services.
- Users can enjoy perks for using the CEL token.
- Residents of around 150 countries can trade via iOS, Android, or desktop.
- It doesn’t charge any fee for minimum balances or transfers.
Cons Of Celsius
- It has highly centralized control.
- Just a few tokens are available for buying.
- It doesn’t have its own crypto exchange.
- US residents have no access to the CEL tokens.
As we have discussed the pros and cons of the Celsius network, let us find out how to sell crypto on Celsius.
Related: How To Sell Crypto On Blockfi | A Guide To Help You Out!
How To Sell Crypto On Celsius?
Here are the steps you need to follow. They’ll help you understand how to sell crypto on Celsius. As it has already been discussed you cannot sell your Celsius crypto on the platform, so how to sell your Celsius crypto? Here is what you need to do to learn how to sell crypto on Celsius.
1. Altcoin Exchange
The first thing to understand “How to sell crypto on Celsius” is you need to choose the right altcoin exchange. You can choose any of the best altcoin apps like Gemini, Binance, eToro, etc. Once you find the right altcoin exchange, you need to create an account on that exchange. After that, fund your account with Celsius Network.
2. Sell Coin
You now need to sell your Celsius crypto. Ethereum and Bitcoin are among the largest cryptos in the world, you can choose to exchange your Celsius crypto for any of these cryptocurrencies. It would be quite easy if you exchange your crypto for these currencies.
It is now time to fund your altcoin exchange account. You can carefully fund your account and fill in the required details. After that, you can easily and quickly sell your Celsius crypto. Once completed with this step, move towards the next step.
With this, you can now withdraw your currency into your bank account by simply choosing the withdraw option. Follow the other instructions as displayed on your screen to further complete the entire procedure.
This is how to sell crypto on Celsius. Simply, choose an altcoin exchange and sell your Celsius crypto!
Related: How To Sell Crypto On Coinbase | What Steps You Need To Go Through?
That’s all for how to sell crypto on Celsius. Though the platform doesn’t allow you to sell your Celsius crypto, you can use other options to do so. We have mentioned how to sell crypto on Celsius above. You can choose an altcoin exchange to do so. We hope you’ve got an answer to how to sell crypto on Celsius. If you have any doubts, ask us by commenting below. Also, share the post on how to sell crypto on Celsius with your friends and share this information with them!
Related: How To Sell Crypto On Crypto.com | A Step-Wise Guide!
Frequently Asked Questions
Q1. What Is The Token For Celsius?
A. The Celsius network uses the CEL token. It has multiple planned utilities. It operates on Ethereum’s platform.
Q2. Can I Withdraw From Celsius?
A. Yes, it is possible! You can withdraw from the Celsius network. You can use the send option on the Celsius official page to withdraw from your Celsius account.
Q3. How Does Celsius Make Money?
A. It usually makes money by crypto-lending. It offers high-interest rates and attracts deposits from users.
Q4. Can Users Earn Interest In Celsius Platform?
A. Yes, they can. The Celsius platform allows its users to earn interest on the CEL tokens they are holding in their wallets.