Celery is an easy, secure and fast way to use bitcoin, litecoin & dogecoin. Celery is a hosted web-based EWallet used for sending, receiving, and storing bitcoin, litecoin & dogecoin. People with a U.S. bank account can buy bitcoin, litecoin & dogecoin via bank transfer.
Celery is an online wallet and exchange platform that allows you to buy, sell, store, send and receive digital currency. All this can be done by linking your bank account to your wallet on the gotocelery.com website.
Unlike more sophisticated exchanges that cater to advanced traders, Celery has clearly defined limits for people looking to buy or sell digital currency. Below is a breakdown of how the process works with FedWire, the fund’s transfer system operated by the United States Federal Reserve Banks, and ACH, the Automated Clearing House network for financial transactions.
|For a digital wallet to be successful, it requires a great customer support team, capable of answering all user questions and requests in a timely manner. While the support area on Celery Wallet Community is great & the team is very responsive and capable of offering professional aid to users in need.|
|Unfortunately, there is no way to directly Contact Celery Wallet. You can’t call, text, email, or otherwise speak to an employee or affiliate of the given company. You can, however, use Help Center to diagnose and report a problem with your account. Get Help With;|
|Celery Wallet Phone Number|
|Celery Wallet Live Chat|
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|Celery Wallet Help Desk|
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Advantages Of Celery
Accepts cash: One of the main benefits of Celery is the way in which they operate, and more specifically, the fact that they accept US dollars. This means that users can directly buy bitcoin via their bank accounts. Actually, Celery uses FED wire and Automated Clearing House (ACH) payments exclusively available in the USA.
Several altcoins listed: While most entry-level exchanges offer only Bitcoin, Celery has also listed Litecoin, Bitcoin Cash and DogeCoin.
Some corporate info, operating since 2014: Founded back in 2013 by Divya Thakur and Ilya Subkhankulov, BTX Trader LLC has been operating for 4 years now. This may not sound like too much, but new cryptocurrency exchanges pop up every day and many of them do not provide any corporate information. The mother company also has two affiliates: Celery Labs Inc. and Celery Labs Ltd.
Registered with FinCEN: What is more, BTX Trader LLC. is officially registered as a Money Service Business (MSB) with the Financial Crimes Enforcement Network (FinCEN). This does not mean that they are licensed as a cryptocurrency trading platform, but rather that they comply with the laws applicable in the sphere of financial crime. Nonetheless, it gives a certain level of credibility.
Security, wallet provided: Celery offers its clients own e-wallet for storing coins, which is not something exclusive in the crypto world. Actually, most exchanges and many entry-level crypto services offer such, yet we have to mention it.
More importantly, Celery claims that 98% of all client funds are held in cold storage and that all private keys and personally identifiable information are encrypted. This means that the platform is not easily susceptible to hacks.
Disadvantages Of Celery
Only suitable for US clients: In order to buy or sell a coin for USD at Celery, one has to have a US bank account. So, the very nature of this service makes it unsuitable by people outside of the States, as they don’t accept international bank transfers.
Weekly transaction limits: In the FAQ Section of Celery’s website we found that the company has set rather harsh weekly buy and sell limits. Many entry-level exchanges set daily or weekly limits for unverified users, but it appears that this company applies this to all of its clients. The max buys weekly limit is $250 for ACH, $3,000 for Fed Wire Buy orders. As regards the sell weekly limit, it is set at $5,000 for ACH and for Fed Wire orders.
Credit cards not accepted: Furthermore, Celery does not accept PayPal, nor credit cards, which are one of the most popular payment methods. Nowadays many people prefer to pay with their cards as it is instant. Below, you can find a list of cryptocurrency exchanges which accept credit cards.
Some common issues of Celery;
- Password error.
- Celery account is hacked.
- I can’t log in to my account.
- Unable to buy bitcoins.
- Withdrawal delay in Digital currencies.
- Two Factor Authentication problems.
- Unable to sell bitcoins.
- Create an account issue.
- Identity verification problem.
- Puzzle captcha error.
- Unable to generate Bitcoin password.
- Bitcoin transaction error.
- Unable to delete Celery account.
- Unable to withdraw split coins.
- Unable to deposit cryptocurrency to another wallet.
- Unable to withdraw digital currency from another wallet.
- Mobile app freeze.
Pros and cons
- Simple to use, attractive interface.
- Ideal for beginners.
- Locked in prices on deposit and automatic conversion when cash reaches the account.
- Integrated with Case Wallet, a multi-signature digital currency wallet.
- Volatile market prices can still lead to requotes.
- Not for advanced traders.
- Provides access to only three digital currencies, as explained below, while omitting some of the largest.
- Weekly transaction limits put a hard cap on how much money you can send.