How to Buy Chia (XCH)

Chia (XCH) cryptocurrency ranks at 153 place by capitalization. It’s 23 February 2024 on $319,419,217 year. Circulating supply: 9,972,331. Maximum supply – N/A. The price of XCH for today – $32.06 with trading volume of $18,680,941 for 24 hours. The maximum price of Chia was registered on 15 May 2021 year and was – $1,645.12. The lowest price of XCH, $20.46, was registered on 13 October 2023.
Chia (XCH)
$32.06 -1.63% ↓
24h price change
-0.5300 $
Capitalization
$319,419,217
24h trading volume
$18,680,941
on the official website

How to Buy Chia (XCH) Price in USD: Convert to US Dollar

XCH
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on the official website
Data updated 2/23/2024

    A Work on the Chia Network project started back in 2019. The first beta version of the network was released in 2020, and the full launch of the Chia Network blockchain took place in 2021. Its founder is Bram Cohen, who previously released the BitTorrent torrent tracker. The internal currency of the project received the ticker XCH and started trading in May 2021.

    In this review, I considered the most popular option for buying Chia Coin – on the cryptocurrency exchange, as well as services for storing XCH.

    What is Chia Network (XCH)?

    Chia Network is a level 1 blockchain based on a special Proof of Space and Time (PoST) consensus algorythm.

    The main idea of PoST: the space on hard drives is used for the functioning of the network, instead of a large amount of computing power, as in networks, operating on the PoW algorithm.

    Chia Coin is the native currency of Chia Network. Its supply is limited: developers have released 21 million coins. XCH tokens are used to transact and pay fees in the network, as well as to pay rewards to network users who provide hard drive space.

    PoST is considered more environmentally friendly than PoW algorithms, and Chia Coin is called the “green bitcoin”.

    In addition to a new approach to coin mining, Chia developers introduced a special programming language – Chialisp, which makes it easier to work with clockchain’s smart contracts.

    Where to Buy Chia Network (XCH)?

    XCH started trading in May 2021. Now coins are available for purchase on many crypto exchanges.

    Exchange
    Website
    BTC trading volume, 24h
    1HTX
    HTX
    BTC trading volume, 24h
    236.90
    2OKX
    OKX
    BTC trading volume, 24h
    40.75
    3Gate.io
    Gate.io
    BTC trading volume, 24h
    15.48
    4KuCoin
    KuCoin
    BTC trading volume, 24h
    5.90
    5CoinW
    CoinW
    BTC trading volume, 24h
    5.50

    Chia Network step-by-step buying guide

    To buy Chia Coin cryptocurrency on the exchange, follow 5 basic steps.

    1. Assess the personal level of risk

    The level of risk when buying any cryptocurrency is high, and this must be taken into account. Understanding the risks and following certain rules will help you to avoid unpleasant situations associated with the loss of capital. For example, do not buy any coins with all your money, your last money, and do not invest in cryptocurrencies that amount of money you cannot afford to lose.

    2. Choose a crypto exchange

    Cryptocurrency exchange is a verified and reliable way to buy cryptocurrency. However, there are a lot of offers on the market now, and not all crypto exchanges are equally profitable and safe. To reduce risks and increase potential profits, it is important to find an exchange with high trading volume, liquidity and a protection level.

    In addition to these parameters, one should pay attention to the project team, commissions level, license availability, reputation and reviews from real users.

    As an example I’ll consider Chia buying process on a popular exchange OKX further in the article.

    3. Create your account

    To buy Chia Coin on OKX, you first need to create an exchange account. To make this:

    1. Click Sign Up on the official website of the exchange;
      How to buy Chia Network XCH
      OKX homepage
    2. Enter email or phone in the next window → click Sign Up;
      Registration information
      OKX account registration page
    3. Verify your email address: enter the 6-digit code received by mail;
    4. The account was created.

    Once an account has been created, it must be verified. To do this, select the Verification tab in your personal account.

    You must pass Basic verification Level 1 first. Opportunities it provides: deposit and withdrawal - $5000. Requirements: personal data, residential address. After successfully passing the basic verification, you can pass the Advanced verification Level 2. Opportunities it provides: deposit - unlimited, withdrawal - $10 million per day. Requirements: ID, selfie.
    OKX verification levels
    OKX verification levels

    4. Top up your account

    After your account is verified, you can proceed to replenish it. The best way to choose a currency for depositing, is to take a look at the trading pairs that have XCH as included as a component. There are two such pairs offered on OKX: XCH/USDT and XCH/BTC. Let’s use USDT coin to make a deposit on OKX. For this:

    1. Select Assets → Deposit tab;
      OKX deposit
      Depositing on OKX
    2. Specify USDT as a deposit currency and transfer network (e.g. TRC20);
    3. Click Continue;
      Select coin and network
      Selecting coin and network
    4. The exchange will generate USDT deposit address: copy it and paste it in the sending wallet;
      Deposit address
      The address for depositing USDT
    5. Confirm the operation in the wallet and wait for the funds to be transfered to the exchange.

    5. Buy Chia Network (XCH)

    After replenishing account, one can use the trading terminal of the exchange to buy XCH coins. For this:

    1. Click Trade → Basic Trading → Spot in the main menu;
      OKX Basic Spot Trading
      Where to find spot trading terminal on OKX
    2. Find the search field on the left side of trading terminal and enter XCH → select XCH/USDT from the list;
    3. Go to the tab Buy XCH;
    4. Specify order type, for example, Market (for instant buy at market price);
    5. Enter amount of USDT you want spend on XCH in the Amount field;
    6. Press Buy XCH.
      Buy XCH with USDT
      How to buy XCH with USDT

    How to sell Chia Network?

    To sell XCH on the OKX spot market, one should follow the same set of steps, but a sell order is created in field above Sell XCH button.

    Selling XCH for USDT
    Selling XCH for USDT

    How to store Chia Network (XCH)?

    For secure storage of XCH, one can use special apps – crypto wallets. There are two types of such solutions – “hot” and “cold” ones.

    Read also: Best crypto wallets.

    “Cold” wallets are the devices for coins storage that are connected to the Internet only when the owner want to conduct a transaction. This ensures high protection of funds. The main disadvantage of “cold” wallets is they cost money. Popular cold wallets are Ledger Nano S or Ledger Nano X.

    “Hot” wallets are connected to the network on a permanent basis, so one can get instant access to his assets. The main disadvantage of hot wallets is low level of protection against hacking. You should use strong password, enable 2FA authentication and other security settings when using them For storing XCH, in my opinion, it is best to use Trust Wallet.

    If you do not plan to actively use your crypto assets or want to store a large amount of Chia somewhere, then choose the cold wallet. For trading and quick access to funds, it is more convenient to use hot wallets (but do not forget about security).

    How to withdraw Chia Network to my wallet?

    To withdraw purchased XCH from the exchange to the personal wallet (for example, from OKX to Trust Wallet) one should pass the next steps:

    1. Log into the exchange account and click Assets → Withdraw;
      Withdrawals
      OKX withdrawal process
    2. Select XCH from the list of cryptocurrencies → select networkContinue;
    3. You will have to enter the address to which XCH will be sent. To get one, go to the Trust Wallet app on your mobile device;
    4. Select Receive;
      Trust Wallet
      Trust Wallet interface
    5. Enter Chia in the search bar;
      Select currency
      Currency selection
    6. The wallet will show an address to receive XCH coins;
    7. Copy the given address (or scan QR code);
      Address to receive XCH
      Address to receive XCH
    8. Get back to the exchange: paste address you have recieved in the line Address XCH in withdrawal form. Then confirm the transfer of funds;
    9. Wait until Chia coins will be transfered to your wallet.

    FAQ

    What is Chia Network (XCH)?
    Chia Coin is a native currency of the Chia Network blockchain that uses a unique Proof-of-Space-and-Time algorithm. To mine XCH coins one can use ordinary hard drives. It makes Chia 'green' cryptocurrency: 'green bitcoin' is how the community calls the coin.
    Where can I buy Chia Network crypto?
    There are many crypto exchnages to buy Chia on, for example: ByBit, MEXC, Gate.io, Huobi.
    Should I buy Chia Network now?
    Chia Network is known with its energy efficiency and environmental friendliness, cause of ordinary hard drives are suitable for mining Chia Coin. But despite this, you need to invest in the crypto market with a clear understanding of the risks. You can either increase your investment or lose it.
    Which crypto wallet provide an opportunity to store Chia Network (XCH)?
    The choice of walelt depends on what you plan to do with the XCH coins. If you trade crypto actively, then select a wallet of "hot" type, for example, Trust Wallet. If you need a secure wallet for long-term storage of large amount of Chia, then consider "cold" wallets such as Ledger Nano S or Ledger Nano X.
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    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
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    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.
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