How to Buy Celo Dollar (CUSD): A Step-by-Step Guide

Introduction

When purchasing Celo Dollar, there are several factors to consider, including selecting an exchange to purchase it from and the transaction method. Fortunately, we've compiled a list of reputable exchanges in the UK to assist you with the process.

Step-by-Step Guide

1. Choose an Exchange
Research and select a cryptocurrency exchange that operates in the United Kingdom and supports Celo Dollar trading. Consider factors such as fees, security, and user reviews.
Platform Coin Price
Uphold Celo Dollar (CUSD) 1
Blockchain.com Celo Dollar (CUSD) 490
CoinList Celo Dollar (CUSD) 0.99
View all 6 prices
2. Create an Account
Register on the exchange's website or mobile app, providing personal information and identity verification documents.
Platform Coin Price
Uphold Celo Dollar (CUSD) 1
Blockchain.com Celo Dollar (CUSD) 490
CoinList Celo Dollar (CUSD) 0.99
View all 6 prices
3. Fund Your Account
Transfer funds to your exchange account using supported payment methods such as bank transfer, credit card, or debit card.
4. Navigate to the Celo Dollar Market
Once your account is funded, search for Celo Dollar (CUSD) in the exchange's marketplace.
5. Choose a Transaction Amount
Enter the desired amount of Celo Dollar you wish to purchase.
6. Confirm Purchase
Preview the Transaction Details and Confirm Your Purchase by clicking the "Purchase CUSD" or equivalent button.
7. Complete Purchase
Your Celo Dollar purchase will be processed and deposited into your exchange wallet within minutes.
8. Transfer to a Hardware Wallet
It's always best to keep your cryptocurrency in a hardware wallet for security reasons. We always recommend Wirex or Trezor.

Platform	Coin	Price
Uphold	Celo Dollar (CUSD)	1
Blockchain.com	Celo Dollar (CUSD)	490
CoinList	Celo Dollar (CUSD)	0.99

Platform	Coin	Price
Uphold	Celo Dollar (CUSD)	1
Blockchain.com	Celo Dollar (CUSD)	490
CoinList	Celo Dollar (CUSD)	0.99

What to Be Aware Of

When purchasing Celo Dollar, it's important to choose a reputable exchange that is user-friendly and has reasonable fees. Once you've done this, always transfer your cryptocurrency to a hardware wallet. That way, no matter what happens to that exchange, your cryptocurrency is safe.

Latest Movements in the UK

Celo Dollar (CUSD) is currently priced at US$0.99 with a 24-hour trading volume of US$11.41M. The market cap of Celo Dollar stands at US$35.56M, with 35.55M CUSD in circulation. For those looking to buy or trade Celo Dollar, Uphold offers avenues to do so securely and efficiently

Market capitalisation: US$35.56M
24-hour volume: US$11.41M
Circulating supply: 35.55M CUSD

See the latest information

Frequently Asked Questions About Purchasing Celo Dollar (CUSD)

What is Mento Dollar (USDM) and how does it differ from other stablecoins?: Mento Dollar (USDM) is a stablecoin designed to maintain a near-1.00 USD value. It’s part of the Mento ecosystem and aims to provide a reliable, low-volatility store of value and medium of exchange within DeFi applications. Unlike some traditional fiat-backed stablecoins that rely on centralized reserves, USDM’s value is anchored through a combination of on-chain minting mechanisms, collateral or liquidity pools, and participate-in-utility features within its ecosystem. This structure can offer faster settlement and potential integration with decreasing counterparty risk, but it’s important to review the project’s governance and collateral model to understand any exposure to systemic risk or market dynamics that could affect its peg. Always verify the latest coin specs from official sources before interacting with the protocol.
How can I use USDM in DeFi or on-chain trades?: USDM is designed to be a practical stablecoin for on-chain use. You can typically trade USDM on decentralized exchanges (DEXs), participate in liquidity pools, or use it for lending and borrowing within compatible protocols. To start, connect a wallet that supports the relevant network, swap volatile assets for USDM to hedge exposure, and then provide liquidity or engage in yield farming if you seek additional returns. When using USDM, pay attention to gas costs, network fees, and any protocol-specific requirements (like minimum liquidity positions or collateral ratios). Always perform due diligence on the supported networks and ensure you’re transacting on legitimate, audited platforms to minimize risk.
What is the current market presence and liquidity status for USDM?: As of the latest data, USDM has a circulating supply of approximately 35.55 million tokens with a current price near 1 USD and a market cap around 35.55 million USD. The price movement in the last 24 hours shows a small negative change, which is common for stablecoins that trade within a tight peg range. Liquidity varies by exchange and network, so verify liquidity depth on your preferred DEX or centralized venue before large trades. For traders, monitoring spread, slippage, and the coin’s peg stability metrics can help determine the most favorable entry and exit points.
Is USDM inflation-resistant or subject to peg risk? How is the peg maintained?: Peg stability for USDM depends on its internal design, collateral, and market mechanics. In many stablecoins, the peg is maintained via over-collateralization, liquidity reserves, or algorithmic adjustments that influence supply. For USDM, review the official documentation to understand whether minting and burning rules, collateral ratios, or liquidity pools back each token, and how external market conditions could impact peg stability. Keep an eye on governance updates, as decisions about changes to reserve holdings or mint/burn rates can affect peg resilience. If you’re relying on USDM for critical settlements, consider diversification and have contingency plans for peg deviations.
What security and risk considerations should I know before holding USDM?: Key considerations include smart contract risk, centralized governance risk, and network-specific vulnerabilities. Ensure you’re interacting with audited contracts on trusted networks, use reputable wallets, and follow best practices for private key management. Liquidity risk exists if the token trades on limited venues or experiences low depth during large orders. Monitor any changes to the token’s collateral model, reserve disclosures, and incident disclosures from the project team. As with all stablecoins, it’s prudent to avoid overexposure to a single issuer and regularly verify that your holdings reflect the true circulating supply and the latest peg status from official sources.

Top Pairs for Celo Dollar in the UK

Frequently Asked Questions About Purchasing Celo Dollar (CUSD)

What is Mento Dollar (USDM) and how does it differ from other stablecoins?

Mento Dollar (USDM) is a stablecoin designed to maintain a near-1.00 USD value. It’s part of the Mento ecosystem and aims to provide a reliable, low-volatility store of value and medium of exchange within DeFi applications. Unlike some traditional fiat-backed stablecoins that rely on centralized reserves, USDM’s value is anchored through a combination of on-chain minting mechanisms, collateral or liquidity pools, and participate-in-utility features within its ecosystem. This structure can offer faster settlement and potential integration with decreasing counterparty risk, but it’s important to review the project’s governance and collateral model to understand any exposure to systemic risk or market dynamics that could affect its peg. Always verify the latest coin specs from official sources before interacting with the protocol.

How can I use USDM in DeFi or on-chain trades?

USDM is designed to be a practical stablecoin for on-chain use. You can typically trade USDM on decentralized exchanges (DEXs), participate in liquidity pools, or use it for lending and borrowing within compatible protocols. To start, connect a wallet that supports the relevant network, swap volatile assets for USDM to hedge exposure, and then provide liquidity or engage in yield farming if you seek additional returns. When using USDM, pay attention to gas costs, network fees, and any protocol-specific requirements (like minimum liquidity positions or collateral ratios). Always perform due diligence on the supported networks and ensure you’re transacting on legitimate, audited platforms to minimize risk.

What is the current market presence and liquidity status for USDM?

As of the latest data, USDM has a circulating supply of approximately 35.55 million tokens with a current price near 1 USD and a market cap around 35.55 million USD. The price movement in the last 24 hours shows a small negative change, which is common for stablecoins that trade within a tight peg range. Liquidity varies by exchange and network, so verify liquidity depth on your preferred DEX or centralized venue before large trades. For traders, monitoring spread, slippage, and the coin’s peg stability metrics can help determine the most favorable entry and exit points.

Is USDM inflation-resistant or subject to peg risk? How is the peg maintained?

Peg stability for USDM depends on its internal design, collateral, and market mechanics. In many stablecoins, the peg is maintained via over-collateralization, liquidity reserves, or algorithmic adjustments that influence supply. For USDM, review the official documentation to understand whether minting and burning rules, collateral ratios, or liquidity pools back each token, and how external market conditions could impact peg stability. Keep an eye on governance updates, as decisions about changes to reserve holdings or mint/burn rates can affect peg resilience. If you’re relying on USDM for critical settlements, consider diversification and have contingency plans for peg deviations.

What security and risk considerations should I know before holding USDM?

Key considerations include smart contract risk, centralized governance risk, and network-specific vulnerabilities. Ensure you’re interacting with audited contracts on trusted networks, use reputable wallets, and follow best practices for private key management. Liquidity risk exists if the token trades on limited venues or experiences low depth during large orders. Monitor any changes to the token’s collateral model, reserve disclosures, and incident disclosures from the project team. As with all stablecoins, it’s prudent to avoid overexposure to a single issuer and regularly verify that your holdings reflect the true circulating supply and the latest peg status from official sources.

How to Purchase Celo Dollar (CUSD)

What you will learn

How to Purchase Celo Dollar (CUSD)

Statistics about Celo Dollar purchases

Other coins you can purchase

Introduction

Step-by-Step Guide

1. Choose an Exchange

2. Create an Account

3. Fund Your Account

4. Navigate to the Celo Dollar Market

5. Choose a Transaction Amount

6. Confirm Purchase

7. Complete Purchase

8. Transfer to a Hardware Wallet

What to Be Aware Of

Latest Movements in the UK

Frequently Asked Questions About Purchasing Celo Dollar (CUSD)

Top Pairs for Celo Dollar in the UK

Important Notice

Frequently Asked Questions About Purchasing Celo Dollar (CUSD)

Introduction

Step-by-Step Guide

1. Choose an Exchange

2. Create an Account

3. Fund Your Account

4. Navigate to the Celo Dollar Market

5. Choose a Transaction Amount

6. Confirm Purchase

7. Complete Purchase

8. Transfer to a Hardware Wallet

What to Be Aware Of

Newly Added Coins

Supported Exchanges in the UK

Similar Coins