Celsius is a crypto token created by defunct crypto lending platform, Celsius network. The token allows users to take loans, make payments, and receive added loyalty benefits, but is mainly used as a reward for users of Celsius and can be used as collateral to take loans.
As it is a crypto token, it is also used as a speculative asset, so investors buy and hold it to make gains on it. As the next bull cycle is starting, there’s no better time to buy CEL than now, in order to hold it for the bull market.
To do this, it is important to have a good wallet you can use to hold the tokens, because it isn’t safe to buy the token and leave it on the exchange website for security’s sake. Therefore in this guide, we have selected the best wallets which you can use to hold your CEL tokens.
Metamask
Metamask is a crypto wallet in the category of browser extension wallets. These are wallets that you simply download as browser extensions and use them as such. One of the advantages of this wallet is the ease of setting it up and using it.
It supports hundreds of crypto assets across different blockchains, even though it was originally for interacting with Ethereum alone. This wallet also has a mobile app for Android and iOS devices, making it quite versatile.
You can therefore synchronize your activities across platforms. Metamask works with all top browsers such as Chrome, Brave, Edge, etc. It is also a non-custodial wallet, so it gives you full control over your CEL and other assets.
Coinbase Wallet
You may know Coinbase only as the giant crypto exchange, but the company also has a crypto wallet named after it. This is a non-custodial wallet just like Metamask, meaning Coinbase doesn’t get to control your assets as is the case with Coinbase exchange wallet.
There are hundreds of other supported crypto assets on this wallet, making it versatile enough for you to use your CEL and swap with other assets. Coinbase wallet also supports activities such as staking, which you may be allowed to use your CEL for.
The wallet exists as an app for both Android and iOS devices, but it also has a browser extension which those who use top browsers like Chrome, Brave, and the rest can easily use. It also has support for hardware wallets like Ledger and others.
Trust Wallet
Trust Wallet is a trusted crypto wallet supporting millions of crypto assets across over 100 blockchains, including CEL. This wallet is mainly a mobile app and is indeed a web3 wallet with many features that make it a leading choice for web3 users.
It has a staking feature that allows you to stake crypto assets, one of which could be CEL. The wallet also supports non-fungible tokens (NFTs), and has a dapp browser which you can use to browse and see the trending decentralized applications.
You can also use it as a browser extension if you prefer that. With top browsers such as Chrome, Brave, and others, this can be easily set up. You can also use your hardware wallets with it to access your hardware portfolio.
Ledger
Ledger is the general name used for hardware wallets produced and sold by security company Ledger. There are three wallets in this category, all three of which support CEL. However, the recommended one is Ledger Nano X.
This is because Ledger Nano X is the most advanced of the three, have one feature that the others don’t have — Bluetooth connection. With this Bluetooth connection, you can connect the hardware wallet to your mobile devices and access it rather than having to use a computer.
Ledger wallets also support well over 5,000 assets, allows staking, and offer the highest level of security for your crypto portfolio.
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