So, you are gearing to enter the crypto world, and Chia is the coin with which you want to kickstart your crypto investment journey. Although Chia is promising, it is still relatively new. Therefore the first question you have to address is where to buy Chia crypto.
After its launch, Chia coins quickly rose to prominence, owing to its unique approach to addressing the energy consumption issue that is currently a massive cause of concern. Consequently, the Chia coin (XCH) holds immense potential and right now appears to be a lucrative investment option.
Are you curious about Chia crypto and want to learn where you can buy Chia tokens? We will tell you all about it in this post.
- 1 What Is Chia Coin Crypto?
- 2 Main Characteristics Of the Chia Coin
- 3 Where To Buy Chia Crypto?
- 4 How To Buy Chia Coin (XCH) – Different Ways
- 5 Is It Still Worth Buying Chia Coins (XCH)?
- 6 Final Words On Where to Buy Chia Coin (XCH) Crypto
What Is Chia Coin Crypto?
The poster boys of the crypto world, Bitcoin and Ethereum, are indeed the most popular cryptocurrencies, but there’s a huge drawback associated with them – they are both energy-guzzling monsters.
To address this issue, a few innovative minds came up with the idea of the Chia blockchain. An alternative to Bitcoin, the Chia coin aims to eliminate the environmental impact associated with Bitcoin and Ethereum. Consequently, Chia crypto is more ecological, promising, and significantly popular right now.
Main Characteristics Of the Chia Coin
◾ Chia coin runs on the blockchain consensus algorithm, similar to Bitcoin. Apparently, it’s the first project after Bitcoin to use this algorithm.
◾ The consensus algorithm Chia crypto utilizes is Proof of Space, aiming to lower the energy demand needed to run its operations.
◾ Also, Chia coin offers an entirely new and powerful programming language for smart transactions called Chialisp.
Where To Buy Chia Crypto?
As we stated earlier, the Chia coin is still relatively young and therefore does not trade on many platforms. Still, some exotic yet popular platforms allow seamless buying of Chia coins. A word of caution – always buy crypto coins from reputable, reliable, and safe exchanges. The threat of crypto hacking is real, and therefore vigilance on your part is essential for a safer cryptocurrency trading experience.
That said, let’s explore the top platforms from where you can buy Chia coins.
Buy Chia Coin On eToro
eToro is perhaps the best platform, not only for buying Chia coins but any cryptocurrencies available.
In addition to top-notch features, eToro provides accessible and affordable services with relatively lower fees. Besides, the interface is simple, practical, and facilitates both newbie and experienced users.
On top of that, hundreds of cryptocurrencies are available on eToro, apart from Chia crypto, so you are never short of investment opportunities.
Buy Chia Coin On Crypto.com
Another potential exchange to buy Chia token is crypto.com. Indeed the platform has made a name for itself within a short interval and is currently one of the top cryptocurrency exchanges in the world.
The onboarding and verification process is effortless and doesn’t take too much time. The website is easy to navigate and simple to use, which makes buying Chia coins pretty straightforward and uncomplicated. Moreover, crypto.com also offers more than 250 other cryptos, in addition to several intuitive services such as staking and the Crypto.com credit card.
Buy Chia Crypto On KuCoin
KuCoin is popular for its competitive trading fees and interactive trading platform. Since its inception, the exchange has grown manifolds and is now one of the most reputable crypto trading platforms.
You can effortlessly buy Chia coin crypto on KuCoin in addition to other 300-plus cryptocurrencies. Moreover, KuCoin has numerous deposits and withdrawal options so that users can instantly enter or exit a profitable position.
Buy Chia Coin On Gate.io?
Gate.io is not a new name in the market and has been serving a vast user base since 2013. While it’s not as big a name as others on the list, it still convinces with its simple interface, quality services, and a vast list of crypto tokens available to trade.
Gate.io is particularly suitable for veteran traders accomplished in the technicalities of crypto trading as it maintains extensive crypto charts and includes several technical indicators.
How To Buy Chia Coin (XCH) – Different Ways
You have several methods at your disposal to claim Chia coins. Here we list the most popular ways to buy Chia coins.
Buy Chia Coin With PayPal
PayPal is a popular, fast, and simple way to buy digital assets. However, many exchange and online brokers still do not allow PayPal as a payment option. At the moment, only a few exchanges accept PayPal to purchase cryptos.
With PayPal, you can expect real-time transfers. It means that the transferred funds are immediately available in the provider’s account and can be utilized to buy Chia coins.
💡 Where To Buy Chia Coin Note: Chia coin is decentralized, efficient, and safe.
Buy Chia Coin With A Credit Card
A credit card is another very popular way to fund your account on a crypto exchange instantly. However, it is essential to ensure that the exchange accepts the credit card company used. Also, using credit cards will incur significant charges because nearly every exchange charges a hefty amount as a fee for credit card transactions.
Buy Chia Coin By Bank Transfer
The classic bank transfer method is also quite popular mainly because of its simplicity and relative ease.
However, there’s a big downside of going with this traditional method – it takes around two to three working days for the fund to reflect in the provider’s account.
Chia Coin Fees And Costs
Whatever your level is as a Chia Coin investor, always bear in mind the exchange fees and commissions. Proper evaluation is imperative because exchange fees greatly influence your potential profits.
That is why, choose quality and reputable brokers like eToro or KuCoin, which are popular for their competitive fee structure and lower commissions on every cryptocurrency purchase and sale.
Is It Still Worth Buying Chia Coins (XCH)?
The high energy consumption of cryptocurrencies, such as Bitcoin and Ethereum, is a rising concern. Higher energy demand not only harms the environment but also makes the mining process significantly more expensive. Any new developments that could tackle this issue are sure to get attention and, therefore, could be a very profitable endeavor.
Incidentally, the energy consumption of Chia crypto is only a fraction of that of Bitcoin or Ethereum. Chia coins, therefore, appear to be a very promising project. Given its popularity, Chia crypto is poised to become a much cheaper and ecologically beneficial alternative to Bitcoin and Ethereum. In this regard, Chia holds massive potential and could be a massively profitable investment.
Final Words On Where to Buy Chia Coin (XCH) Crypto
We sincerely hope that by now, you will be fully aware of where to buy Chia coins. In our opinion investing in Chia at the moment is indeed a good idea. Chia is undoubtedly an innovative project, one that seems to be poised for extraordinary growth. Consequently, many expert traders are onboarding the Chia network in the hope of huge gains.
Considerably less energy consumption is its main USP – a much-needed change in the crypto world given the exponentially growing energy demand for crypto demands. In addition to that, the Chia crypto benefits from a new and powerful programming language and “smart transaction,” which is more robust and easy to control.