The Celsius Network (CEL) is a decentralized finance (DeFi) platform that allows users to borrow, lend, and earn interest on their cryptocurrencies. Here's how it works:

• Deposit and Earn Interest: Users can deposit various cryptocurrencies into their Celsius Wallet and earn interest in the form of CEL tokens. This interest is generated from fees collected from institutional traders who use the assets pool.
• Borrowing: Users can borrow USD against their crypto holdings, which are used as collateral. This allows them to access cash without having to sell their cryptocurrencies.
• Lending Protection: The Celsius lending protection pool, funded by fees, ensures that lenders are protected in case of defaulted loans or lost coins. Any losses are insured and restored immediately.
• CEL Token: The CEL token is a platform utility token that offers loyalty rewards and discounts on using Celsius Network's services. It is also used to unlock higher APY rewards and lower APR loans.

1. Deposit and Earn: Users deposit cryptocurrencies into their Celsius Wallet, earning interest in CEL tokens.
2. Borrowing: Users can borrow USD against their crypto holdings, which are used as collateral.
3. Lending Protection: The Celsius lending protection pool ensures that lenders are protected in case of defaulted loans or lost coins.
4. CEL Token Rewards: Users can earn CEL tokens as rewards, which can be used to unlock higher APY rewards and lower APR loans.

• Earn Interest: Users can earn interest on their deposited cryptocurrencies.
• Access to Loans: Users can borrow USD against their crypto holdings without having to sell them.
• Lending Protection: The Celsius lending protection pool ensures that lenders are protected in case of defaulted loans or lost coins.
• CEL Token Rewards: Users can earn CEL tokens as rewards, which can be used to unlock higher APY rewards and lower APR loans.

Overall, the Celsius Network provides a platform for users to manage their cryptocurrencies, earn interest, and access loans while ensuring protection for lenders.

To store Celsius Network (CEL) tokens, you can use a variety of methods. Since CEL is an ERC-20 token, it resides on the public Ethereum blockchain. This means you can store CEL tokens in any Ethereum-compatible wallet that supports ERC-20 tokens.

One option is to use a hardware wallet like Trezor One. You can connect your Trezor One to a software wallet like MetaMask, which supports ERC-20 tokens, and store your CEL tokens securely.

Additionally, you can store CEL tokens directly in your Celsius Network account. This allows you to manage your tokens and access Celsius Network services, such as earning rewards and taking out loans.

It is essential to ensure the security and compatibility of your chosen storage method, as CEL tokens, like other crypto assets, are subject to high volatility and carry significant risks.

To buy Celsius Network (CEL) tokens, you can follow these steps:

1. Choose an Exchange: CEL tokens are available on several exchanges, including FTX, Bitsptamp, Huobi, OKX, Bitfinex, Bittrex, Bybit, gate.io, MEXC, and Indodax.

2. Open an Account: Create an account on the chosen exchange by following their registration process.

3. Deposit Funds: Deposit the required funds (e.g., USD, ETH, or other supported currencies) into your exchange account.

4. Search for CEL: Find the CEL token on the exchange and navigate to its trading page.

5. Place an Order: Set the amount of CEL you want to buy and place a buy order. You can choose between market order, limit order, or other available order types depending on the exchange.

6. Complete the Purchase: Once your order is executed, the CEL tokens will be credited to your exchange wallet.

7. Store Your CEL: You can store your CEL tokens in the exchange wallet or transfer them to a personal wallet for added security.

For more detailed instructions, you can refer to specific guides like the one on Binance.