Where Can You Buy Chia Crypto

Disclosure
Fact Checked

One of the biggest criticisms of cryptocurrencies, whether it is Bitcoin or other altcoins, has been that they are very free energy-intensive. In fact, Bitcoin mining uses up enough energy to power an entire European nation. This has given critics a reason to avoid and preclude the widespread utilise of cryptocurrencies, especially in a earth that is attempting to move towards a more green and energy-efficient industry.

Chia coin has, due to its ecology friendliness, become one of the most popular altcoins out in that location. In this article, we review the different aspects of Chia Coin, in add-on to explaining how and where you can
buy Chia coin
hands.

Where to Buy Chia Coin – Step past Pace Guide 2022

A simple step-by-step guide to buying Chia coins has been given below. This quick guide uses eToro, ane of the most popular cryptocurrency brokers, for this purpose.

  • Open up an business relationship with eToro
    – Quickly open an business relationship with our recommended broker eToro
  • Upload ID
    – Upload a copy of your passport or driver’s license to verify your identity
  • Deposit
    – Deposit funds with a  debit/credit card or e-wallet
  • Buy Cryptocurrency
    – Buy cryptocurrency commission-free

Where to Buy Chia Coin

1. eToro – The Overall All-time Broker to Buy Chia Coin

eTorohow to buy chia coin
is hands the best overall Chia trading platform in the US for 2022, and this is for a variety of reasons. Firstly, the platform is very heavily regulated, by both the CySEC and the United kingdom’s FCA. This is particularly important for the cryptocurrency markets since this means that whatsoever cryptocurrencies you merchandise through eToro are done in a secure way so equally to not risk your capital letter. In improver to Chia Coins, the platform provides you with the option of buying effectually 17 altcoins, including ETH, BNB, ADA, XRP, etc.

Depending on the location where you live, yous might as well be allowed to trade altcoin options, however, this is only bachelor for the more than popular altcoins such as ETH, ADA, and BNB. you lot tin can trade crypto-fiat pairs, and exchange fiat currency for altcoins. At the aforementioned time, you tin also merchandise crypto pairs, where you exchange one cryptocurrency for some other. eToro is also a complete commission-free site, and the simply fees they charge are their spreads. This means that you tin enter and exit a trade whenever you lot wish to practise and so, without having to incur any boosted charges.

where can i buy chia coin

eToro besides offers a variety of passive trading tools that you can use to trade Chia. This includes a diversity of traders that you can choose to copy or mirror through the platform’s social trading tools. Still, in addition to this, they also accept a curated CryptoPortfolio, which is a handbasket of bitcoin aslope several prominent altcoins including Chia coin that are given varying weights. This portfolio is managed by the eToro investments team, so you practise not have to worry about rebalancing the portfolio regularly. You tin can get started with an eToro trading account in minutes – and deposit methods include debit/credit cards, banking concern transfers, and e-wallets like Paypal.

eToro fees:



Pros:



  • User-friendly platform with an piece of cake-to-use interface

  • Allows for copy trading and other social trading options

  • Regulated by various agencies worldwide

  • Provides cryptocurrency derivatives in certain areas

  • No commissions on trades

  • Provides a variety of other assets to trade on such as stocks, currencies, indices, and ETFs

  • Provides access to a curated CryptoPortfolio managed past the eToro team


Cons:


  • Not suitable for advanced charting or technical analysis

67% of retail investor accounts lose money when trading CFDs with this provider. Yous should consider whether you can afford to take the loftier risk of losing your coin.

2. Binance – The Best Chia Trading Platform for Regular Day Traders

Binancebuy chia coin
is one of the most popular cryptocurrency platforms in the world, and it boasts of the highest pick of altcoins. If at that place is any altcoin yous wish to invest in, whether information technology is modest-cap or large-cap, there is a very loftier chance that Binance volition take it. For instance, the platform has had the Chia money e’er since it was established in early 20321, and information technology allows you to exchange Chia not just for fiat currencies merely also with BTC, ETH, and a diverseness of other cryptocurrencies. The platform likewise deals with billions of dollars in trading volume every twenty-four hour period. Usually, you lot will be able to deposit funds into Binance via credit/debit card or a banking concern transfer, making for a convenient experience.

chia coin buy

The platform charges high fees for deposits and withdrawals – between 2% and 3%. However, they take very depression trading fees and are known for existence 1 of the cheapest crypto trading platforms in terms of their fees. Usually, the fee is 0.i%, and it is even lower if y’all have an allotment of the Binance Coin (BNB). They also have a broad multifariousness of tools and technologies available specifically for cryptocurrencies, which makes them a suitable option for highly experienced crypto traders.

Binance fees


Pros:


  • Advanced charting platform with numerous technical indicators

  • Hundreds of pairs supported

  • Very low commissions

  • Supports fiat currency deposits

  • Depression fees, with additional discounts for using BNB
  • Security measures are very tight and proven to be amongst the best in the industry


Cons:


  • Charges upwards to 2% on credit/debit bill of fare deposits

  • Customer service responses can be delayed at times

Your capital is at take a chance

3. Coinbase – The All-time Chia Trading Platform for Beginners


coinbase logoOver 100 tradable cryptocurrencies such as Bitcoin, Ethereum, and Chia Coins are offered through Coinbase, a cryptocurrency trading, and investing platform. Over 73 one thousand thousand users access Coinbase, which has more than $255 billion in assets under direction.


how to buy chia coin in us

Simple buy and sell orders are likely to be preferred by beginners on the original Coinbase platform. Nonetheless, Coinbase Pro, available to all Coinbase users, offers more advanced features and order types.

In general, digital currencies are an emerging asset class that tin be risky and volatile, making them unsuitable for all investors. Nevertheless, if you’re into cryptocurrencies, Coinbase is an fantabulous option for both beginners and veterans.

Coinbase fees:

Fee Amount
Crypto trading fee Commission, starting from 0.50%
Inactivity fee Free
Withdrawal fee 1.49% to a U.S. bank account


Pros:


  • Advanced charting platform with numerous technical indicators

  • Hundreds of pairs supported

  • Like shooting fish in a barrel to apply for cryptocurrency beginners

  • Support for a large number of cryptocurrencies

  • Opportunities to earn cryptocurrency

  • Lower pricing available with Coinbase Pro


Cons:


  • Charges up to 2% on credit/debit card deposits

  • Customer service responses tin can be delayed at times

Your capital is at adventure

What is Chia Coin?

where to buy chia coin

Put very simply, the Chia coin (XCH) is an alternative to other, more energy-intensive, cryptocurrencies. It is a layer 1 blockchain that uses its ain custom-designed programming language and a new mechanism that is proprietary and unique to Chia. This mechanism is called the proof-of-space-and-fourth dimension (Mail service) and information technology allows the blockchain to employ lesser energy without having to compromise on the security of the network. Another way in which Chia coin is set apart from its competitors is that the visitor that has created the Chia coin, the Chia Network, is a for-profit, open-source visitor that aims at existence listed on the NYSE or the NASDAQ. This is part of the reason why the former NASDAQ CEO Gene Hoffman is the COO of the Chia Network company. The company aims that the Chia network blockchain volition get a major source used by organizations worldwide, thus making information technology of import that the company functions in a proper manner where it can list its XCH on the balance sheet of the company.

Chia, as compared to several of its competitors, is too a newer blockchain, since it merely came into existence very recently in 2021, when the company launched its wallet functionality, transactions, and smart contracts. This makes it a more attractive proposition for cryptocurrency enthusiasts considering it suggests that people have not grasped the technical aspects of the Chia Network yet, and its uniquely innovative approach has non yet been priced into the XCH toll. Chia Network is as well backed by an illustrious list of cryptocurrency-focused venture capitalists. It raised $61 meg in funding in May 2021 with the participation of leading VCs that included Andreessen Horowitz, Slow Ventures, Naval Ravikant, Galaxy Digital, and others.

Why Purchase Chia Coin?

Every bit mentioned earlier, there are several reasons that make the Chia coin unique, and they tin can all be boiled down to i major question: what differentiates Chia from all the other competitors it has? And the answer is multi-pronged. For starters, the Chia coin improves on the already-existing concepts of proof-of-stake and the proof-of-work by using a less electricity-intensive mechanism, making it very pop even with critics who say that cryptocurrencies should non exist adopted due to their high electricity consumption. At the aforementioned time, the coin as well functions on a blockchain that was developed using its own programming linguistic communication called Chialisp. Information technology’s an on-chain programming linguistic communication and it incorporates elements from Ethereum, Bitcoin, as well every bit other blockchain networks, enabling it to keep the practiced parts whilst improving on the drawbacks of these networks.

67% of retail investor accounts lose coin when trading CFDs with this provider. You lot should consider whether you lot can afford to take the high gamble of losing your money.

How Much Does It Cost to Buy Chia Coin?

Every bit of 8th Dec 2021, you can buy Chia coins on a diverseness of wallets such every bit eToro, Binance, Kraken, and other popular cryptocurrency wallets. While a detailed review of each of these wallets has been given below, knowing the cost of Chia coin is also important since some platforms exercise not allow you to buy partial cryptocurrencies. At the moment, Chia Token is trading for 106.84 USD (at the fourth dimension of writing), and in that location has been a 24-hour trading volume of 20,964,452 USD. The share price of XCH has increased past -0.67% over the last 24 hours. In total, there are 2,485,247 XCH coins in circulation, and together they take a combined market cap of 262,304,996 USD. There is no data available nearly the maximum number of coins that volition be produced on the Chia Network.

How to Buy Chia Coin with PayPal

With cryptocurrencies such as XCH, one can purchase these through PayPal likewise, as opposed to traditional purchase methods such as credit/debit cards and banking concern transfers. eToro is a unique trading platform that allows its users to deposit funds into their accounts via eToro and and so use these funds for the buy of cryptocurrencies including XCH and others. As far as nosotros know, there are no other crypto exchanges that let you invest in XCH with PayPal or any other electronic wallets, and so eToro is quite unique in this regard. Therefore, eToro is an first-class investment platform for all investors who wish to use this particular payment method when making investments.

How to Buy Chia Money with Bitcoin

A big range of products and services can now be purchased using bitcoin and other cryptocurrencies equally a upshot of growing awareness and popularity. For case, on Binance, you can purchase near every cryptocurrency via Bitcoin in addition to using fiat currencies to buy them. For some other cryptocurrencies, you tin buy them in exchange for ETH, ADA, and even BNB. In recent years, the number of retail stores and payment processors that accept bitcoin has grown to an extent, though there are still some major holdouts in this regard. Therefore, if you are trading through a major cryptocurrency exchange, then you can simply eolith your existing Bitcoin into their crypto wallet and use it to buy XCH.

Ownership Chia Money Safely

As far as investing in Chia Network is concerned, there are no guarantees. The demand for cryptocurrency can expand enormously if it launches smoothly and becomes pop, and this is quite likely to happen peculiarly because of all the new and unique concepts that Chia brings to blockchain technologies. Fifty-fifty though information technology has more than utilize cases than almost other cryptocurrencies such equally Dogecoin and Shiba, it does not mean that it volition perform meliorate than these considering they are on the Ethereum network and not on their own blockchain network. XCH will definitely yet struggle to attain its all-fourth dimension highs again soon, especially given the fact that blockchain engineering is expanding every twenty-four hours and it is very difficult to be able to say when another cryptocurrency that is more than energy-efficient than even XCH will be launched, making it redundant and thereby dropping its prices.

Investing in anonymous projects similar XCH also presents distinct security risks since a critical flaw in the code may allow the developers to steal cryptocurrency from investors past scamming them. Unfortunately, in the wild west that is DeFi, some scams are causing users to lose millions of dollars with increasing frequency. If experienced lawmaking auditors had access to the code, this possibility could be ruled out, but the Chia Network hasn’t nonetheless been audited and then that they couldn’t do this.

Risks of Buying Chia Coin

Every bit such, altcoins accept a stiff community role equally opposed to their utility. Because of this, the success and growth of the community are pivotal in determining how successful they are, explains Boneparth, who has been investing in cryptocurrencies since 2014. All the same, at that place is still an inherently high degree of risk associated with investing in altcoins, as experts warn that there is a higher chance that you will lose your money. Authorities mostly recommend that you should simply invest what you can afford to lose regardless of which cryptocurrency you choose.

Information technology is important to call back that altcoins may require a greater level of circumspection because they differ from something like bitcoin in several aspects, including their structure, supply, and usage. Bitcoin was created in 2009 to serve as a peer-to-peer electronic cash system. In addition to its blockchain, the company has advisedly designed an ecosystem to support the blockchain. Using the fact that Bitcoins are a express supply allows for a certain amount of congenital-in scarcity through the design. The fact that it can be used for this purpose makes it such a valuable investment for its holders, with the hope that information technology will be recognized as a prominent decentralized digital currency. Most altcoins lack these features, and fifty-fifty Chia does not incorporate all these features completely, which means that information technology has a lower degree of compatibility with most infrastructure that has been designed for the Bitcoin blockchain. Chia Network supporters contend that the ecosystem that Chia offers, including features such as smart contracts and nonfungible tokens and opportunities for enterprise-wide liquidity mining, goes beyond community value.

While this is true, Brett Harrison, president of cryptocurrency exchange FTX US, warns that “those altcoins can be extremely risky, and may not always have inherent value as investments, and that individual retail investor should e’er deport research and diligence before trading these avails.” Harrison looks for assets that offer specific utility rather than investing in a booming cryptocurrency based on hype to make coin from crypto-assets.

Crypto assets are a growing expanse of interest for investors. They provide a store of value, facilitate an efficient mechanism for the transfer of funds, or serve as an algorithm that enables the construction of blockchain-based applications, writes Marcus. He says many assets can be suitable for retail users. However, a degree of caution should always exist exercised whenever you determine to invest in altcoins, especially given the unique nature of Chia, which makes it much harder for investors and speculators to be able to accurately price in the applied science associated with Chia.

Selling Chia Coin

Depending on what platform you are trading through, the procedure of selling Chia coins will be very straightforward. For example, you tin can but head over to your portfolio on eToro and click on sell. After selecting the amount and the type of order you wish to place, so the next step for you is to simply click on identify order and this will event in your cryptocurrencies being converted into the fiat currency that you use to operate your platform. On the other hand, if you are using a sole cryptocurrency exchange, then yous will take other options also. For case, you might wish to convert your Chia into other cryptocurrencies such as Bitcoin, Etheruem, or Binance Coin, aslope a variety of fiat currencies. Once you have done this, these cryptocurrencies will then be stored in your wallet on the platform.

Chia Money Toll Forecast

Different cryptocurrency experts take a variety of differing views on the price that Chia can reach in the futurity. For example, According to WalletInvestor, Chia cost will drop from $101.27117 to $xiv.862 in 1 yr. That makes XCH a bad investment. The long-term earning potential is -85.32%. On the other hand, In DigitalCoin assay, the cost of Chia Network cryptocurrency will rising in the next five years starting from $99.9164922 as of today’s toll to $389.6863244. It will become upwards to $162.4790878 by 2022 and starts its reduction in 2023-2024. Based on this forecast, Chia Network is a profitable long-term investment. Therefore, what is clear is that the profitability of XCH is largely unclear to analysts, and their analysis is largely contradictory. Indeed, the time to come possible growth depends on various factors: announcements, new technological solutions of the Chia projects, the crypto surround in full general, legal position, and then on. Therefore, it is important for you to do your own enquiry earlier buying Chia.

Best Way to Buy Chia Coin – eToro Tutorial

In club to assistance y’all with trading Chia, here is a list of steps that you need to follow in order to begin trading altcoins on eToro. The process of opening an account and trading on eToro is quite straightforward and involves 4 main steps.

Stride i: Open an Account

The outset thing that you need to do is to navigate to the eToro homepage and click on “Bring together Today”. So, y’all volition exist asked to fill a short class that asks for your contact details and makes y’all prepare your login credentials. Alternatively, y’all can likewise sign up via your Facebook or Google account for easier sign-ins and to avoid having to remember your username and password.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Stride 2: Upload ID

The next step is for you to verify your identity past uploading a copy of your ID. Since eToro is a regulated platform, they accept to complete the KYC (Know Your Customer) procedure earlier they allow yous to trade. This verification process has 2 parts to information technology. The first part involves verifying your identity. For this, y’all can upload a copy of any government-issued ID, such every bit a passport, driving license, or visa. The adjacent part is an address proof, for which you can either upload a banking concern statement or utility bill.

Once you have uploaded the documents, eToro has a quick response time, and volition usually verify your account in a few hours.

Pace 3: Deposit Funds

The third stride is to and then eolith funds into your business relationship. The minimum deposit on eToro is 200 GBP. This tin can exist washed in a variety of ways. For starters, y’all can add coin to your eToro business relationship via banking company transfer or via credit/debit cards. They also accept a diverseness of east-wallets such as PayPal and Skrill. Yous tin can add together funds in different currencies too, such as USD, GBP, and EUR. In that location are no fees or charges associated with depositing funds into your account, and they prove upwards virtually immediately.

Step iv: Purchase Chia Money

The last step is so to brainstorm trading Chia. Only head over to the search bar, search for Chia money or XCH, enter the amount you wish to purchase or sell, and click on the order push button.

67% of retail investor accounts lose money when trading CFDs with this provider. You lot should consider whether you can afford to take the loftier risk of losing your money.

Conclusion

While in that location are several platforms on which you lot can trade Chia, eToro is easily the overall best platform for this purpose. This is true for a variety of reasons. Firstly, eToro provides yous with leverage when investing in cryptocurrencies, making it easier for you to invest in Chia while only risking a small-scale amount of capital on your ain part. In addition to this, they also offer a variety of verified and reliable altcoins to trade on in addition to Chia, and the regulatory requirements that they comply with hateful that your money is safe when you invest in Chia and other cryptocurrencies through eToro.

eToro – Buy Chia Coin With 0% Committee

etoro-logo-1-e1623748139151

67% of retail investor accounts lose coin when trading CFDs with this provider. You should consider whether you can afford to take the high run a risk of losing your coin.

FAQs

Who created the Chia Coin?

The Chia Network, and consequently the Chia coin, was founded in 2017 past American computer developer Bram Cohen, the author of the BitTorrent protocol.

What is the market cap of Chia Coin?

As of the time of writing this commodity, the market capitalization of the Chia coin is $257,885,894 USD.

Exercise I need a crypto wallet to purchase Chia Coin?

No, you lot practise not need a crypto wallet if you choose to buy Chia coins through CFD platforms such as eToro. However, buying bodily Chia through a wallet means that you volition be able to transfer cryptocurrencies between platforms.

Can I buy Chia Money in the The states?

Yes, you can buy Chia coins in the U.s. through whatsoever established cryptocurrency trading platforms such as eToro, Binance, or Coinbase.

How much money do I need to buy Chia Money?

The amount of coin you demand to demand to buy Chia coin will depend on the minimum remainder requirements associated with your platform, however, in general, it can exist as low as $100.

Most Nishit Kumar

I’m a second twelvemonth Bookkeeping and Finance student at the University of Warwick, in addition to being an incoming Trading Analyst at Morgan Stanley. I’m passionate nearly the fiscal markets and all things finance.

Source: https://tradingplatforms.com/cryptocurrency/chia-coin/