Advertise
Sohrab Khawas
Sohrab Khawas
Author
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Jul 03, 2018 01:28 UTC
-
Celery Wallet Review
Celery has evolved back in 2013 by a pair of former- “Goldman Sachs” employees. The platform has been designed to provide the fastest and easiest way to use digital currency.
The digital wallet Celery gives bitcoin users’ an easy entry into the world’s fastest-growing markets.
Celery is derived from “Celer”, a Latin word for “swift or speedy”. It is a host web-based e-wallet that sends, receive, and store Bitcoin, Litecoin, and Dogecoin.
What is Celery?
Celery is an online wallet as well as an exchange platform where you can buy/sell, store, send/receive digital currency. You can do this by connecting your bank account to your wallet on the “gotocelery.com” website.
In the below sections, we will go via the breakdown of how it works with the following:
- FedWire: The United States Federal Reserve Banks operates on the funds’ transfer system
- ACH: The Automated Clearing House network for financial transactions
Buying:
| Weekly buy limit | Settlement time | |
| FedWire buy orders | US$3,000 | Same day or next business day |
| For ACH buy orders | US$250 | 5 business days |
Selling:
| Process | Weekly sell limit | Settlement time | |
| FedWire Sell orders | Celery wires funds to your bank account | US$5,000 | Up to 3 business days |
| For ACH Sell orders | Issues an electronic ACH payment via payment processor | US$5,000 | Information not available |
Compatibility
As the digital wallet is a web-based platform, it is compatible with majority browsers, such as Chrome and Internet Explorer.
Celery Wallet Services
- Buy Bitcoin, Litecoin, and Dogecoin
The online wallet allows you to buy the top 3 digital currencies directly via transferring money from a bank account
- Send Money
Send Bitcoin, Litecoin or Dogecoin to another Celery user by putting the email address they use for their Celery account. You also have the option to send money to the addresses outside of Celery.
- Deposit Money
Deposit bitcoin, Litecoin or Dogecoin to your Celery account from another wallet or exchange service.
Online Wallet Fees
Being a service provider, Celery wallet charges fees on its transactions. Below is a breakdown of those fees:
| Transaction type | Fee | Minimum fee for small orders |
| FedWire Buy Order | 5% | US$30 |
| FedWire Sell Order | 5% | US$50 |
| ACH Buy Order | 10% | US$10 |
| ACH Sell Order | 10% | US$15 |
- Periods with higher price volatility can lead to higher fees.
- There are no fees to store, send or receive digital currency.
How to Add Digital Currency to Celery Wallet?
Buying digital currency via Celery platform is really simple. Your Celery account allows you to seamlessly transfer USD to BTC and BTC to USD, easier than any crypto exchange. Below are the steps illustrating how we can proceed?
Create a Celery account
To create an account you require little personal information namely:
- Name and address
- Phone number
Add a bank
Add a bank account to pay for the digital currency and verifying your bank account.
- Enter your account and routing numbers
- Verify your bank via Micro-Deposits (2-3 days) or Immediately (logging into the online account)
Buy Digital Currency
Go to Celery platform’s “Buy page”. You will see the current digital currencies value. Choose the currency and amount you want to purchase.
Before finishing the purchase, you’ll see an “Estimated Time of Arrival”. Once the currency is in your Available Balance, you can send it to the friends or stores.
How to Make or Receive Payments via Digital Wallet?
Using Celery wallet, you can fund your bitcoin, Litecoin or Dogecoin from your bank account. Once you buy the digital currency, you can use it to purchase products or send to anyone you want.
Also, the Celery platform allows you to deposit these digital currencies to the Celery account from different wallet or exchange platform.
Is Celery Platform Safe?
Celery is legally registered with FinCEN as BTX Trader LLC.
FinCEN is the Bureau of the US Treasury Department that counters money laundering and other financial crimes.
Celery platform also uses multiple security techniques to protect client accounts, including:
Offline funds storage
98% of the client funds are held safely offline or in “cold storage”. This ensures the physical security of your funds, which is detached from the internet away from hackers.
Encryption
All private keys and personal information are encrypted.
Backups
All user data is backed up on weekly basis, so you need not worry.
System Testing
Their servers undergo regular penetration testing. The testing is the key to constant security upkeep.
Bug bounty program
The bug bounty program welcomes security researchers to detect holes in the security and report them as a reward. Then the platform fixes the vulnerabilities.
Transparency
Transparency feature gives near real-time info on the company and transaction times as well. Celery wallet is committed to working transparently for maintaining the trust.
Foot Note
If you’re on the fence about Litecoin, Dogecoin; Celery platform makes it appealing to give it a try. The “low-barrier-to-entry” process is ideal for beginners who want to enjoy benefits of the booming digital currency market.
The fees are also affordable, only if you keep your buying and selling activity disciplined. The platform is well-organized, clear and getting started with Celery wallet requires some few minutes. So, this makes your tedious work so simple!
Some more hand-picked topics for you:
Hope you’ve enjoyed the read! Join us on Twitter and Telegram for more interesting updates!
Yes 
No 
