How To Store & Secure Your Celcius(CEL)

Celcius Network (CEL), the decentralized finance or “DeFi” competitor of BlockFi, has been on a huge run since 2020 starting with a price of $0.14 in January 1st, ending at $5.72 in December 31st; raking in a mind-boggling 190% price increase.

But as you may know, having great and successful cryptocurrency investments are pretty pointless if your funds are insecure and could be potentially stolen sometime in the future.

So if you’re a fan of the Celsius Network and are looking for a guide to properly secure your Celsius tokens, you’ve come to the right place.

What wallet should I use?

Celsius(CEL) is currently an Ethereum ERC20 token. So just like any other ERC20 token, you can store your Celsius(CEL) on reputable Ethereum wallets like MyEtherWallet(MEW) and MyCrypto; or preferably, through a reputable hardware wallet like a Ledger Nano S or the newer and Bluetooth-enabled Ledger nano X if you’re holding a significant amount.

How do I create a secure Ethereum wallet for my CEL tokens?

You can follow our guide here: How To Create a Secure Ethereum Wallet

After creating an Ethereum wallet using our guide, you can simply send out your CEL tokens to the Ethereum address of the wallet you’ve created.

Does the Ledger Nano S or Nano X support Celsius?

Yes, Ledger hardware wallets do support CEL tokens and all Ethereum ERC20 tokens in general. We heavily suggest going this route if you want to maximize the security of your funds.

Don’t have a Ledger hardware wallet yet? You can grab one here.

How do I store my CEL on the Ledger Nano S/X?

If you own a significant amount of money on CEL or any other cryptocurrency, we heavily recommend using a hardware wallet like the Ledger Nano S/X. You can follow our guide here: Store your Ether & ERC20 Tokens on the Ledger Nano S/X

After installing the Ethereum app on your Ledger Nano S/X and on Ledger Live, simply send in your CEL to your Ethereum address on Ledger Live.

After sending in your funds to your Ethereum wallet on Ledger Live, you can access your CEL and your other ERC20 tokens on MyEtherWallet here: https://www.myetherwallet.com/access-my-wallet