The Chia token is arguably one of the hottest cryptocurrencies in the world at the moment. As of the writing of this guide, the token has an impressive market cap of $177.77M and an average daily trading volume of $4,008,107. By the end of this guide, you’ll understand why old and new traders are flocking to the market for a piece of this crypto token – but first things first.
The primary appeal to purchase xch coins is the fact the network upon which they’re created (the Chia Network is a layer one Blockchain) uses a novel consensus proof called proof of space and time (PoST) mechanism and its own programming language called Chiaslip. The two coupled together allow the platform to be energy efficient without compromising the network’s security.
Also Read: Where to Buy Floki Inu? – Find the Best Exchange and Price for the Crypto Asset
Contents
- Best Places To by Chia Coin
- The 5 Best Cryptocurrency Exchanges to Buy Chia From
- How to Pick the Best Crypto Exchanges
- Conclusion
Best Places To by Chia Coin
You can buy chia xch on almost all crypto trading platforms. Here is an overview of three distinct places you can expect to find the token.
1. Cryptocurrency Exchanges
Cryptocurrency exchanges are, without a doubt, the most common way to exchange Chia as well as other cryptocurrencies. Most crypto exchanges even allow their clients to deposit fiat currencies (like the U.S. dollar)and trade their sizable lists of tradable coins.
The only downside with cryptocurrency exchanges is they’re not as regulated as you’d find with stock brokers. More on cryptocurrency exchanges (as well as how to do your own research and separate the best from the rest) later on in the guide.
2. Cryptocurrency Brokers
Some conventional stock brokers do offer their clients limited selections of cryptocurrencies alongside their other listings. Unfortunately, these brokers will almost always list only crypto assets with the highest market capitalization, like bitcoin and Ethereum.
Needless to say, this is the perfect option for any stock trader who would like to trade chia but doesn’t want to go through the hassle of creating a new crypto exchange account. That said, note that most of these brokers do not offer external personal wallet functionality options you can use to deposit and withdraw your coins.
3. Cryptocurrency Apps
Most cryptocurrency exchanges and brokers also have mobile applications that make it easy for their clients to trade on the go. These applications usually allow you to trade cryptocurrencies like Chia using payment solutions like PayPal and Venmo.
The 5 Best Cryptocurrency Exchanges to Buy Chia From
Below, you’ll find a detailed list of highly-rated exchange platforms you can use to trade chia. These crypto exchanges also happen to be some of the most popular exchange platforms available today.
- Crypto.com
Founded in 2016, Crypto.com is among the remaining old-timers in the fast-paced realm of cryptocurrency exchanges. It also happens to be one of the best trading platforms for trading chia. For starters, the platform awards its clients an 8 percent cashback on all Visa debit card deposit funds.
Crypto.com is also one of those rare crypto exchanges suitable for both advanced and new traders. It offers crypto investors a broad lineup of cryptocurrencies (including Chia xch), plenty of valuable data, and a spectacular library of educational content.
What’s more? The exchange platform’s trading terminal is extremely easy to use and is fitted with everything an investor may require to make an informed decision. It also includes deep order book visibility, advanced charting tools, and the ability to place multi-order kinds (like limit and market orders.)
It also boasts interestingly low trading fees. So even if the features do not entice you, I’m confident the low fee rate will.
Note, however, that if you’re totally new to the crypto trading realm, you might be overwhelmed by Crypto.com’s trading terminal. The fact that it’s filled with a lot of data that traders may find useful also makes it one of the hardest to read for those not experienced with that sort of thing.
Another feature of Crypto.com worth noting is its high-interest rates. Through the platform’s Earn program, clients can earn upwards of 14.5 percent APY (annual percentage yield.) Unfortunately, while these rates do triumph over all other “high-yield savings account rates” you’ll come across, they are also one of the riskiest since they’re not insured by the FDIC (Federal Deposit Insurance Corp.
As for their fees, the trading platform uses a maker-taker fee structure, like most other chia exchange platforms. This implies that clients will pay different fees depending on whether their chia coin orders create liquidity or reduce it. as a general rule of speaking, expect to pay higher fees as a taker (even though Crypto.com also reduces clients’ fees depending on their trading volume and whether or not they’re also staking CRO tokens, Crypto.com’s native token.
In addition to trading chia coin, additional major cryptocurrencies supported by Crpto.com include:
- Cardano (ADA)
- Polygon (MATIC)
- Uniswap (UNI)
- Dogecoin (DOGE)
- Polkadot (DOT)
- Chainlink (LINK)
- USD Coin (USDC)
- Litecoin (LTC)
- Ethereum (ETH)
- Bitcoin (BTC)
To find out if any specific cryptocurrency you’re thinking about is supported on Crypto.com, visit the trading exchange site.
- Binance
While no offering in the world is perfect, Binance, founded in 2017 by Chanpeng Zhao as part of the Binance ecosystem, sure does come close. This trading platform offers its users a rich blend of an intuitive user interface and valuable charts they can use to spot profitable trading opportunities.
Today, Binance remains one of the leading crypto exchanges in the world, and for good reason(s). For starters, its extensive array of crypto asset offerings and rock-bottom platform fees make it an appealing offering to traders of all experiences.
The Binance exchange platform is also available to most (although not all) American residents. It’s essential to note that it’s currently unavailable to Vermont, Texas, New York, and Hawaii residents. That said, despite these limitations, Binance remains a leading cryptocurrency with an equally leading market capitalization and daily trading volume. Also, it supports 180+ countries with upwards of 280 million active users at the moment.
Moving on… If you’ve been trading chia or other currencies for a while now, you know that most exchanges have engendered controversy at some point in their lifetime. that’s no different to Binance Holdings. As the largest cryptocurrency exchange in the world, this platform has repeatedly come into crosshairs with multiple U.S. regulatory commissions.
The most worrying to most investors, however, may be the hack in 2019 that say unknown perpetrators stole at least $40 million in BTC off of the Binance platform.
Aside from trading chia coin, there are 300 more cryptocurrencies, tokens, and digital currencies, as well as 1,000 markets to use on the platform. That also implies Binance will allow you to exchange chia coin either against fiat currency or against other crypto coins offered on the platform.
And regarding ways you can access binance, there are three readily available ways. The first one is through your personal computer or smartphone using the World Wide Web. Secondly, you can download the company’s application on Appstore. The third method is for those with Androids. They can also find the app on Google Play Store. So provided you have a smartphone and access to an internet connection, you’re good to go.
Also worth mentioning, Binance supports debit card, credit card, and bank transfer payment methods as well as direct crypto deposits through crypto wallets for those who’d like to start trading chia.
The only downside of Binance I could find worth noting is that it doesn’t support e-wallets like Skrill and PayPal.
- Huobi Global
Established in 2013, the Huobi Global chia trading platform has quickly become one of the leading asset exchanges in the world. It currently boasts an accumulated trading volume of a whopping $1 trillion. The platform even once accounted for ½ of all digital asset transactions worldwide.
Today, Huobi Global serves upwards of 5 million crypto traders in 130+ countries worldwide. Unfortunately, like some, Huobi Global doesn’t accept residents of Canada and the U.S. Fees and commissions have also been kept reasonably low for those who want to start dipping their toes in the chia network immediately.
In addition to Chia, you’ll also find 300+ cryptocurrencies (and the number is increasing since new Altcoins are constantly voted onto the trading exchange.
- KuCoin
KuCoin’s feature-rich set and impressively low fees make it one of the most compelling choices for advanced crypto investors who want to start trading chia. That’s particularly true for investors and traders living outside the United States. Unfortunately, this trading exchange platform isn’t currently licensed to carry out operations within the U.S., even though one can still access the website for various functionalities like selling and buying crypto.
Launched in 2017 in Seychelles as the “people’s crypto exchange,” Kucoin also currently ranks among the top 10 biggest crypto exchanges by volume in the world by average daily trading volume. Let’s start by reviewing the company’s fees.
KuCoin’s trading fees are nothing short of competitive. The platform’s users will receive discounts depending on their average monthly holdings of KuCoin’s native token, known as their KCS. You can also earn these discounts based on your Chia trading volume from the previous month.
Also, like the Crypto.com exchange we looked at earlier, KuCoin also boasts a taker/maker fee structure, meaning that the fee charged for those who trade xch chia coin will vary from one user to the next. Next, we’ll briefly examine the platform’s security features.
KuCoin has partnered with Onchain Custodian, a Singapore-based crypto asset security platform that maintains custody of the exchange’s crypto assets. Better yet, the assets are backed by a private insurance brokerage, Lockton.
In addition, KuCoin offers standard security measures, such as intricate anti-phishing phrases, trading passwords, and identity verification. Unfortunately, since users in the United States cannot complete their KYC verifications, their chia trading accounts might not be as secure as other international accounts.
In addition to trading on the chia network, you’ll also find 600+ other coins on the KuCoin platform. A complete list of these currencies can be found on KuCoin’s website.
- Uphold
one of the leading crypto exchange platforms in the United States, Uphold is a highly innovative and experienced trading platform assured to meet the needs of any seasoned or beginner trader looking for a platform that lists chia xch.
Beyond the platform’s innovative features and easy-to-use trading terminal, another thing worth noting is the highly positive credibility the company has garnered in the industry. They offer mobile and desktop app trading experiences, and all their offerings are fully customizable to meet anyone’s trading style and investing requirements.
In addition to being visually appealing, the Uphold exchange site allows traders to place their chia coin trades easily. just a few clicks and you’re a proud part and parcel of the chia network.
How to Pick the Best Crypto Exchanges
as the basis for trading any cryptocurrency, it’s essential to identify the best trading platform for your needs. There are several popular exchange options to pick from, with some of the most popular exchange platforms being the ones listed above.
A significant consideration to consider while making this decision is determining the type of cryptocurrency exchange you’re about to deal with. These exchanges can either be crypto-to-crypto exchanges (C2C) or fiat currency exchanges. Most people prefer trading popular crypto tokens like chia xch on fiat currencies exchanges.
That said, other traders, particularly those who’d like the option to acquire xch using other cryptocurrencies, may find a better home on crypto-to-crypto exchanges.
Also, bear in mind that the realm of crypto trading is highly unregulated in most regions around the world. While this is what has allowed the sector to create great market and trading opportunities, it’s also resulted in an increase in the risk of fraud. So be vigilant before investing in any “rapid innovation within the space.
For instance, several questions you ought to ask before deciding to stick with a specific, popular exchange include:
- Who are the managing executives in the cryptocurrency exchange?
- How secure are the funds within the exchange?
- How secure is the website or application (if you’d like to secure the funds in your credit or debit cards)?
- Are they licensed?
- Where is the headquarters for the cryptocurrency exchange?
What Fees Will You Have To Pay?
Broadly speaking, there are three kinds of fees you ought to watch out for when picking a cryptocurrency exchange to buy or sell chia xch:
- withdrawal fees
- Trading fees
- Deposit fees
Like withdrawal and deposit methods, fees are rarely standard across different exchange platforms. For instance, you may come across a chia exchange that offers you low fees for trading but charges you extremely high fees for withdrawals.
Feel free to experiment with distinct platforms until you find an exchange platform that aligns with your payment method, fees, and investing requirements or preferences. Also worth noting, the current price for the same cryptocurrency may vary across distinct exchange platforms.
Conclusion
As you’ve seen, there are no single best exchanges from which you can trade xch tokens. It all depends on your trading strategies, investment needs, and how you intend to buy chia coin. I hope this ultimate list of the best cryptocurrency exchanges available today has helped you make an educated decision.
Also, kindly remember that the crypto realm is a highly volatile industry. As such, kindly approach cryptocurrency exchanges like you would any other technology company. And that applies to the cryptocurrencies within the industry as well. Approach them with the expectations of ups and downs, as well as a long-term mindset (regardless of your chia price predictions.)
