Chia (XCH) is the mineable related token that has been embraced by crypto enthusiasts and investors since its launch. It is currently ranked number 247 based on market capitalization on CoinMarketCap, with a market capitalization of 191737865 recorded at the time of writing. XCH has been gaining momentum alongside the flourishing cryptocurrency market this year. More and more people are becoming interested in Chia. They wish to invest or purchase Chia (XCH), but may not know how to get started. Here, we will guide you through all the information you need to know about purchasing Chia. Regardless of your location, Bitrue can provide you with a simple and secure way to buy XCH.
Where and how to buy Chia
When it comes to purchasing Chia (XCH), users may focus on various factors, such as cryptographic wallets, on-chain protocols, and other complex operations. Fortunately, Bitrue exchange allows you to buy Chia in a simple and quick manner. Just register through the official website or app, verify your identity, set up your payment methods (such as credit cards/debit cards/bank transfers), or deposit cryptocurrencies to your Bitrue wallet for spot trading. The purchased XCH will be stored in your crypto wallet account to ensure asset security. Below is a step-by-step guide on how to buy Chia (XCH) through Bitrue.
Alternative methods to acquire Chia
Apart from directly buying Chia (XCH), what are the alternative methods to acquire Chia ?
Fixed Auto-Investment in XCH
Regularly invest a fixed amount at scheduled intervals in Chia (XCH) digital assets, enjoying both short-term returns and long-term benefits.
Staking XCH
Flexible staking of Chia (XCH) digital assets to earn interest or high returns in other cryptocurrencies.
Get Chia (XCH) for free
If you have enough time, you can obtain Chia for free through the following methods:
- Invite friends to join the Bitrue coupon event and earn free Chia (XCH).
- Join the Bitrue Rewards Center, participate in ongoing challenges and airdrops to receive free Chia.
- All cryptocurrency airdrops and rewards can be exchanged for XCH through coin-to-coin exchange or spot trading.
How to keep your Chia safe and secure
Once you have purchased Chia, it is crucial to store it in a secure location. Bitrue is a secure, transparent, technologically stable, and user-friendly cryptocurrency exchange. Bitrue allows you to store Chia and other digital assets in the encrypted wallet of your platform account, enabling you to trade, deposit, and withdraw anytime, anywhere.
If you are highly familiar with operating on-chain Chia wallets, you also have the option to store Chia (XCH) separately in a personal encrypted wallet. This wallet serves to keep your Chia secure and accessible, allowing you to send and receive it while maintaining control.
To ensure the security of your Chia, consider the following types of encrypted wallets:
- Mobile Wallets: Store your private key in an application on your smartphone.
- Web Wallets: Third-party-controlled online servers that store your private key.
- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.
- Hardware Wallets: Physical devices for offline storage of private keys.
Note: Cryptocurrency wallets do not technically store your Chia encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.
FAQ About Buy Crypto
What is Chia?
Chia (XCH) is a cryptocurrency launched in 2021. Chia has a current supply of 26,431,591 with 5,431,591 in circulation. The last known price of Chia is 31.17198893 USD and is up 1.06 over the last 24 hours. It is currently trading on 41 active market(s) with $3,526,946.05 traded over the last 24 hours. More information can be found at https://www.chia.net/.
How many Chia are there in total?
The total supply of Chia is 32,223,052 and the Circulating Supply is 13,848,052 .
Why are people buying Chia?
People buy Chia for various reasons. Some view it as an investment, expecting its value to increase, while others appreciate its decentralization and anonymity, seeking to avoid restrictions of traditional financial systems. Additionally, Chia serves as a digital asset with transactions independent of central authorities. Overall, motivations for purchasing Chia include investment, risk diversification, and trust in new digital assets.
Should I buy Chia?
Deciding whether to buy Chia depends on individual financial goals, risk tolerance, and understanding of the digital asset market. Chia investments involve market volatility and risks, so it's advisable to thoroughly understand its characteristics and market conditions before purchasing. If you have investment experience, can withstand price fluctuations, and are willing to accept potential losses, buying Chia (XCH) may be a suitable investment choice. However, remember that all investments come with risks.
Can I use cash to buy Chia?
Generally, buying Chia digital assets by cash is relatively challenging, as most cryptocurrency exchanges prefer electronic payments or bank transfers.
How to use Apple Pay to buy XCH?
Currently, Bitrue does not support purchasing XCH or adding fiat currency using Apple Pay.
How to use Google Pay to buy XCH?
Currently, Bitrue does not support purchasing XCH or adding fiat currency using Google Pay.
How to use Paypal to buy XCH?
Currently, Bitrue does not support purchasing XCH or adding fiat currency using Paypal.
What can I do with Chia?
You can use Chia to pay for goods and services, invest, transfer and remit, preserve assets, participate in DeFi, donate, and more.
How to sell my Chia?
If your Bitrue wallet does not hold Chia, you need to deposit XCH into your Bitrue account. If you already have XCH, log in to your trading platform account, find the Sell option, usually located on the OTC or market trading page. Enter the quantity of XCH you want to sell, select the selling price, confirm the sell order, and once your XCH is successfully sold, you can withdraw funds to your set bank account or other payment methods.
Disclaimer
Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice.