How to buy Chia Network in 4 easy steps
Bram Cohen founded the Chia Network (XCH) in 2017 to provide a more energy-efficient and environmentally friendly cryptocurrency network than other established coins like Bitcoin and Ethereum. The network uses a proof-of-space-and-time (PoST) consensus mechanism, which enables the network to achieve energy efficiency.
Our step-by-step guide on how to buy Chia Network (XCH)
Step 1: Choose a Crypto Exchange Platform
To get started, choose a cryptocurrency exchange with XCH listed on its platform. You must select a safe and reliable exchange where it is assured that your assets will be safe. Kucoin, OKX, MEXC and Gate.io are some popular cryptos exchanges where XCH is listed, and these exchanges have a good reputation in the market. You can select any of them according to the region you stay and whether the platform offers support in your region.
Step 2: Register on Any of the Platforms
After selecting the exchange, you can proceed with the registration process. For the registration and profile setup process, the exchange will ask for your details, like your name, email, phone number, and permanent address. You should note that it is necessary to have valid ID proof to verify your identity; the exchange will ask for a valid ID according to your region for completing the KYC.
Step 3: Buy the Cryptocurrency Using Your Feasible Payment Method
Now that your exchange is activated after the verification process. You can deposit some funds in that account to purchase XCH. You can choose your preferred payment method, including digital wallet transfer, peer-to-peer (P2P), credit card, debit card, bank transfer, or third-party payment service. XCH coin may not be directly available with your fiat currency. So it would help to buy USDT, BTC or ETH directly with your fiat currency and then trade it in the spot trading section to get XCH.
Step 4: Store the Cryptocurrency in a Wallet
Now that you own XCH coins, it is essential to store them in a secure place. You can transfer the coin from your exchange account to your wallet for utmost security. To do so, navigate to the withdraw option for XCH in your exchange wallet and initiate a withdrawal. Enter your wallet’s public address, and select the network that supports XCH as the transfer network. Now fill in the amount of XCH you want to transfer and hit withdraw.
Also read: How to buy Beldex
Popular video guides on buying Chia Network (XCH)
Also read: Chia Network Prices Live
Where to Buy Chia Network (XCH)
Kucoin is a global cryptocurrency exchange allowing users to buy, sell and trade coins like BTC, ETH, SOL, DOT and over 750 cryptos on the platform. Kucoin is the brainchild of two early blockchain adopters, Michael and Eric, and they understood the need for a "People's Exchange," which would enable the majority to get involved in crypto activities.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2017 |
| Deposit Methods | P2P Trading, Debit/Credit Card, Third Party Payment, Bank Transfer |
| Deposit Fees | Free |
| Cryptos Listed | 700+ |
| Trading Fees | 0.005%-0.1%, depending on your tier level |
| Fiat Currencies Supported | 28 fiat currencies |
| Trustworthiness | Safe and Reliable |
Gate.io is one of the top cryptocurrency exchange platforms available in the market. The platform has a presence in 224+ countries with 13M+ worldwide users. It offers a wide range of products, such as spot trading, leveraged trading, leveraged ETF, futures trading, copy trading, liquidity mining and staking.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2013 |
| Deposit Methods | P2P, Debit Cards, Credit Cards, and Cryptocurrencies |
| Deposit Fees | Free |
| Cryptos Listed | 1700+ |
| Trading Fees | Depends on VIP levels (0%-0.2% for the maker, 0.02%-0.2% for the taker) |
| Fiat Currencies Supported | 50 fiat Currencies |
| Trustworthiness | Safe and reliable |
OKX is a popular cryptocurrency exchange launched in 2017and has a global presence with over 20 million users. It is a Seychelles-registered cryptocurrency exchange that offers a user-friendly interface and advanced trading tools suitable for professionals and beginners in the crypto space.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2017 |
| Deposit Methods | Credit/Debit Card Payment, P2P Trading & Third Party Payment |
| Deposit Fees | Free |
| Cryptos Listed | 350+ |
| Trading Fees | 0.06%-0.08% for the maker and 0.08% - 0.10% for the taker |
| Fiat Currencies Supported | Supported: 98 fiat currencies (USD, RUB, CNY, JPY, VND, INR) |
| Trustworthiness | Safe and reliable |
Frequently Asked Questions
Where can you buy Chia Network with a credit or debit card?
You cannot buy XCH directly with your debit or credit card as it may not be available with your fiat currency in the exchanges. However, you can first buy USDT, BTC, or ETH using your credit or debit card and then buy XCH in the spot trading section. You will commonly find pairs of XCH as XCH/USDT, XCH/BTC, and XCH/ETH.
What will you need to buy Chia Network?
You will need some essential things to complete the abovementioned process and purchase XCH. You will need:
- Verified crypto exchange account (ID Proof)
- A deposit method such as a debit/credit card
- A crypto wallet
What is the easiest way to buy Chia Network?
The easiest way to buy XCH is to register with crypto exchanges such as Kucoin, OKX or Gate.io. Next, use your preferred payment method to buy USDT coins from the exchange. Once you have bought USDT, go to the spot trade section on the exchange and buy XCH coins using the USDT coins.
Best wallets to store your Chia Network (XCH)
You must use an external wallet and transfer your XCH to that wallet. The external wallet provides more security than keeping your cryptocurrency in an exchange wallet. Ensure that you select a highly secure wallet and have the necessary features. Some of our recommendations are:
- Green wallet
- Chia Native
- Goby
- Pawket
- Goby
- Frodo
