Celery

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Celery is an easy, secure and fast way to use bitcoin.

Celery is a hosted web-based EWallet used for sending, receiving, and storing bitcoin. People with a U.S. bank account can buy bitcoin via bank transfer.


Services

Buy bitcoin

  • Celery enables users to purchase the top 3 digital currencies by directly transferring money from a bank account
  • To buy digital currency, you must connect a US bank account. You can verify their bank instantly (by providing your bank account credentials) or via micro-deposits, which takes 2-3 business days to complete. The bank verification process is very similar to PayPal's and Venmo's.
  • The price of the digital currency is locked in at the time of order placement. The digital currency you order is released to your Celery account in 3-4 business days.


Send Money

  • You can send bitcoin to another Celery user by entering the email address they use for their Celery account. You can also send money to digital currency addresses outside of Celery.
  • The amount of digital currency sent can be determined by entering a value in either USD (converted to the chosen digital currency based on the current exchange rate) or the quantity of the digital currency you choose.


Deposit Money

  • You can deposit bitcoin to your Celery account from another wallet or exchange service.


Fees

  • There are no fees for sending, receiving, or storing bitcoin.
  • The fee for buying bitcoin is 1%.


Security

  • Multi-factor authentication for user accounts.
  • Various company security measures and practices including: cold storage, bug bounty program, audited code, encryption, penetration testing and back ups.
  • Cold storage of customer funds and Transparency page showing the distribution of funds stored cold vs hot [1].


History

Celery was announced on July 25, 2014 [2].

At launch, Celery was reviewed by Coindesk [3].

On Sept 10, 2014, Celery added Mutli-Factor Authentication [4].

On Oct 3, 2014, Celery announced it's Transparency page [5] [6].


External Links


References