Where To Buy Chiacoin – Learn How To Buy Chiacoin Today in 2021

Fact Checked by Gary McFarlane

Created by BitTorrent founder Bram Cohen, Chiacoin (XCH) entered the cryptocurrency market in May 2021 – as a green alternative to Bitcoin. With its unique Proof of Space and Time mechanism, this digital asset is arguably one of the most environmentally-friendly tokens available today.

If you are thinking about making an addition to your cryptocurrency portfolio, then our how to buy Chiacoin guide will walk you through the investment process every step of the way.

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Where To Buy Chiacoin in USA – Choosing a Broker

When thinking of how to buy Chiacoin, one of the most important steps to take is to find a suitable cryptocurrency platform that supports this digital asset. However, you should not settle for the first provider that you come across. Instead, you need to consider factors such as security, fees, storage, deposit options, and user-friendliness before making a choice.

After studying the market, we found that OKEx is one of the best platforms to buy Chiacoin:

  • OKEx – Overall Best Place to Buy Chiacoin

In fact, you will find that OKEx meets all the requirements that we mentioned earlier, making it the safest and most convenient platform to purchase XCH tokens.

How to Buy Chiacoin in USA – A Quick Guide For 2021

If you have never made an investment into a cryptocurrency token before, buying Chiacoin might strike you as a daunting task. However, with a user-friendly platform like OKEx, purchasing this digital token can be quick and effortless.

Let us breakdown the process of buying Chiacoin into four simple steps:

  • Step 1: Open an Account with OKEx – You can start by creating a user account on OKEx using your email address, and choosing a strong password.
  • Step 2: Upload Your ID – Complete the KYC procedure by submitting your basic personal information, and uploading a copy of your government-issued ID card.
  • Step 3: Deposit Money – Fund your investment account using a debit/credit card. You can then use this money to purchase a cryptocurrency that can be exchanged for Chiacoin. For instance, you can first buy USDT, and then swap it for XCH tokens.
  • Step 4: Buy Chiacoin – Go to the ‘Trade’ page on OKEx, and search for XCH/USDT. Next, select the ‘100%’ option to exchange all of your USDT coins you just purchased for Chiacoin.

As soon as you confirm the order, the platform will carry out the exchange of USDT for Chiacoin. You can then choose to leave the XCH tokens on the OKEx website, or withdraw them to a private crypto wallet.

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Where to Buy Chiacoin in USA – Full Platform Review

Chiacoin is yet to find its way to many cryptocurrencies providers. As such, finding the right platform that supports XCH coins can be a challenging task.

After evaluating the available options, our How to Buy Chiacoin Guide found out that OKEx is the best platform for this purpose. Let us take a closer look at this cryptocurrency exchange, and what makes it a good choice for facilitating your XCH investments.

OKEx – Best Place to Buy Chiacoin in the US

OKEx homepage

OKEx is one of the leading cryptocurrency exchanges in the world, serving millions of users across 100 countries. The platform is well-designed and intuitive enough to adapt to the needs of both beginner investors as well as advanced traders. For instance, novices can access tons of tutorials and videos that will help to buy Chiacoin easily on this site. On the other hand, experts can benefit from timely articles, industry analysis, and market updates on the digital tokens they are interested in.

When thinking of how to buy Chiacoin, OKEx presents you with a few different options. However, you will not be able to purchase Chiacoin directly with fiat money. Instead, you will need to use one of the supported payment methods (debit/credit cards, bank transfers, and more) to buy a large-cap cryptocurrency like Bitcoin or Tether. Once you do, you can exchange the BTC or USDT tokens for XCH.

OKEx how to buy Chiacoin

But before you can go ahead with this method, you will have to complete a KYC process – by providing your basic personal information, and a valid photo ID, such as your passport or driver’s license.  This step is necessary for you to use your debit/credit card or bank account to pay for BTC or USDT on the platform. Alternatively, if you already own either of these digital assets – you can transfer the tokens to this trading site and then swap them for Chiacoin.

By choosing the second method, you can bypass the KYC requirement and there will be no need for you to deposit fiat money to the platform at all. Moreover, OKEx charges you only 0.10% against your stake, which you will pay when you buy and sell Chiacoin on this site. In addition, there is no minimum investment amount required, so you can reduce your risk when investing in XCH tokens.

okex review

Apart from Chiacoin, OKEx also offers support for over 400 other cryptocurrencies and a wide selection of educational resources. The platform also gives you access to derivate products such as futures and options. Once you purchase XCH tokens, there is also the option to store your digital coins within the OKEx non-custodial wallet, accessible via its web browser extension or the mobile app.

Pros

  • Trusted crypto exchange with over 20 million active traders
  • More than 400+ digital currency pairs
  • Buy and sell cryptocurrencies with a debit/credit card or bank transfer
  • Low commissions that start from 0.1%
  • Fully-fledged mobile app on Android and iOS
  • Great reputation and highly secure

Cons

  • Debit/credit card fees could be more competitive
  • Derivative products too complex for beginners

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How to Buy Chiacoin in the US – Detailed & Explained in Full

While the quickfire guide we provided earlier might suffice for an experienced investor, the beginners among you might need a more thorough explanation of how to buy Chiacoin.

Take a look below to know more about the process of purchasing Chiacoin via OKEx from the comfort of your home.

Step 1: Open an OKEx Account

In order to buy Chiacoin on OKEx, you will first need to set up an account on this platform.

join okex

To do this, you can go to the OKEx website and click on the ‘Sign Up’ button. The registration box will then pop up, where you can fill in your email address, and set up a password to complete the creation of your account.

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Step 2: Provide Personal Information and Complete KYC

As we covered earlier, there are two ways for you to buy Chiacoin via OKEx. One is to fund your account with a digital token you already own. If you are using this method, then you can ignore this step, and move ahead with the next one.

  • On the other hand, if you are new to the crypto market, and want to buy a digital token like Bitcoin or Tether using fiat money, then you will need to go through a KYC process.
  • This only means that you will have to provide some basic details such as your full name, date of birth, and address.

Additionally, you will also have to upload a document such as a copy of your passport or driver’s license that verifies your identity. This step can be completed within a couple of minutes on OKEx, and you will be notified via email when your account is ready to buy Chiacoin on the platform.

Step 3: Deposit Funds

When considering how to buy Chiacoin on OKEx, it would be best to choose a popular cryptocurrency such as Bitcoin or Tether. If you already have either of these digital tokens stored elsewhere, then you can visit the deposit page on the platform, and copy the wallet address for the respective coin. 

OKEx how to buy Chiacoin

You can then visit your external crypto wallet, and transfer your BTC or USDT over to OKEx. Alternatively, if you are entirely new to the cryptocurrency market, you can start by funding your account with a debit/credit card to buy a supported digital token. We suggest that you purchase Tether since OKEx offers a direct market (XCH/USDT) on its platform.

This you can do by visiting the ‘Buy/Sell’ tab on OKEx, and selecting USDT from the drop-down box, as shown in the image below.

Next, choose Visa or Mastercard as your payment option and enter the amount you want to deposit. OKEx will carry out the purchase instantly, and the USDT tokens will be added to your wallet.

Step 4: Find XCH/USDT Market

With your OKEx account sufficiently funded, you can get started with a Chiacoin buy order. To find the XCH/USDT market, you can hover your mouse over the ‘Trade’ tab on the top, and select ‘Basic Trading.’

OKEx how to buy Chiacoin

When the trading screen appears, you can click on the button below the OKEx logo on the top-left-hand corner of the screen to search for XCH. OKEx will show you the available markets, and you can click on ‘XCH/USDT’.

Step 5: Buy Chiacoin

On the XCH/USDT trading page, you will find the ‘order box’ on the left side of the screen.

Here, you will see three tabs, ‘Limit’, ‘Market’, and ‘Spot’. If you want to buy Chiacoin right away and keep things simple at the same time, it would be best to switch to ‘Market’.

OKEx how to buy Chiacoin

Next, you can enter how many USDT tokens you want to exchange for Chiacoin. Alternatively, if you want to use all of the Tether coins available in your balance, you can also move the scroller to 100%.

Finally, click on the ‘Buy XCH’ button below to complete the purchase of Chiacoin. OKEx will then carry out your order, and the XCH tokens will be added to your wallet.

Buy Chiacoin – Best Place to Buy Chiacoin

When considering how to buy Chiacoin, you will notice that there are a number of ways for you to get hold of this digital asset. In this section of our guide, we will tell you the different types of platforms that support this cryptocurrency and how to choose the right one for your investment goals. 

Online Cryptocurrency Broker

Undoubtedly, the safest and easiest way to buy Chiacoin would be from a regulated online broker. This will allow you to directly purchase this digital token using fiat currency by making a payment via your debit/credit card or a bank transfer.

That said, since Chiacoin is relatively new, you will find that only a handful of brokers support a direct purchase option for this cryptocurrency. Instead, you will need to buy another digital token first, and use the tokens to pay for XCH coins.

Although this might sound complicated, user-friendly brokers make it easy for you to buy Chiacoin in under a few minutes.

Cryptocurrency Exchange

Another popular option among investors is to buy Chiacoin via a cryptocurrency exchange. There are several platforms that support the purchase of XCH tokens. However, you should have concerns about choosing such sites for a number of reasons.

To be clear, although a majority of these exchanges are unregulated, they continue to facilitate large volumes of cryptocurrency transactions every day. One such example is OKEx, a platform preferred by millions of users across the world for buying and selling digital tokens. The site has also enforced security measures such as 2FA and KYC to offer you more protection.

OKEx How to buy Chiacoin

As such, when thinking of how to buy Chiacoin, OKEx is one of the best platforms to consider – as it provides a secure and user-friendly environment for you to make XCH purchases.

Ways to Buy Chiacoin

These days, there are a number of payment methods that you can use to buy Chiacoin. In this section of our guide, we will discuss the most popular deposit options in more detail.

Buy Chiacoin With Debit Card

It is indeed possible to buy Chiacoin using a debit card. But unfortunately, you will not have the option to make a direct purchase.

As we have discussed several times throughout this guide, you will need to use your debit card to buy a digital token like Bitcoin or Tether first, and then exchange the said assets to Chiacoin.

Buy Chiacoin With Credit Card

Buying Chiacoin with a credit card is another popular option supported by several cryptocurrency platforms. However, as with debit card payments, this cannot be done via direct purchase.

Moreover, since digital tokens like Chiacoin are highly volatile, some credit card companies might prevent you from performing transactions with cryptocurrency brokers and exchanges. Additionally, you might also be required to pay high transaction fees – costing you between 3-5% every time you make a purchase.

Buy Chiacoin With Paypal

Although PayPal is becoming an increasingly common method to pay for cryptocurrencies, buying Chiacoin using this e-wallet is not available at the moment. Unfortunately, we did not come across any XCH brokers or exchanges that support this option.

Buy Chiacoin With Bitcoin

Those who already own Bitcoin will find that the easiest method to buy Chiacoin is to exchange your BTC tokens for this cryptocurrency. You can find this direct market (XCH/BTC) on OKEx and complete the purchase in a matter of minutes.

The main advantage of using this method is that you do not have to go through a KYC process and thus – you should be able to buy Chiacoin anonymously.

Why Buy Chiacoin?

Chiacoin is one of the most innovative digital tokens to hit the cryptocurrency market in 2021. However, if you are seriously considering adding XCH coins to your portfolio,  you should pay close attention to the market forces at play.

Here are some of the indicators that suggest that Chiacoin could potentially be a good investment choice.

Energy Efficiency

Perhaps the most important feature that sets Chiacoin apart is its commitment to being eco-friendly. The cryptocurrency is extracted using a method called ‘farming’, by confirming transactions through surplus hard disc space. When compared to the miningprocess of other digital assets like Bitcoin, this is much more energy-efficient.

OKEx how to buy CHiacoin

With this in mind, Chiacoin is an interesting investment for those seeking to reduce the environmental costs associated with the crypto market. In fact, global tech giants like Tesla have already halted Bitcoin as an accepted payment method due to its high energy consumption.

Chiacoin is also set to create a new wave of developmental change in the cryptocurrency space with its new consensus protocol. The network uses ‘Proof of Space and Time’, the first of its kind, designed to reduce inequality in farming, make way for decentralization, and allow farmers to confirm transactions without single-use hardware.

Room for Growth

Secondly, Chiacoin was launched only in May 2021. This makes this digital token one of the newest in the crypto market. For many investors, this might be the perfect opportunity to add XCH coins to their portfolio.

 

From an investment perspective, if you purchase Chiacoin in its early stages, there could be sizable upside potential. If the project is to take off and meet its long-term goals, the value of the digital token may rise significantly higher in the future. As such, investors who wish to buy XCH coins at the start of its journey will be able to benefit from a favorable entry price.

Risks of Buying Chiacoin

Although there are several factors that work in favor of Chiacoin, it is important to remember that this cryptocurrency is still in its early days. And as such, there is always the chance that the digital coin could fail to take off or keep up with its long-term forecasts.

  • In other words, the market of Chiacoin could remain stagnant, or drop.
  • If the value of this digital coin collapses after you have made the investment, then you will lose money.
  • There is also the risk of increased volatility that is associated with all cryptocurrencies.
  • Additionally, some critics are already complaining that farming Chiacoin requires a growing amount of hardware.

Ultimately, more equipment can result in higher energy consumption and expenses – which could eventually erode the ‘green’ factor of this cryptocurrency.

As such, when thinking. of how to buy Chiacoin – you will need to evaluate the risks involved and your financial standing before you invest your hard-earned money into this asset.

The Cost of Buying Chiacoin

When it comes to how to buy Chiacoin, one of the most important factors to consider is the investment costs involved. However, the fee structure varies widely from one platform to another.

Regardless, below we list some of the potential costs that you should be aware of when buying Chiacoin from an online cryptocurrency platform.

Deposit Fees

If you are using a debit/credit card to pay for your Chiacoin tokens, this can come with some additional costs in the form of deposit fees. How much you will be charged will depend on your chosen crypto provider, the transaction amount, the currency you are using, as well as your location.

Commissions

The majority of cryptocurrency platforms will charge you a commission to facilitate your Chiacoin purchases. This is often indicated as a flat percentage fee, calculated against the size of your investment.

  • For instance, if your chosen provider charges you a 2% commission on Chiacoin purchases, a $1,000 investment will cost you a fee of $20.
  • Notably, you will have to pay this at both ends – when buying as well as cashing out your XCH coins.
  • At OKEx, you will be able to buy Chiacoin at just 0.10% commission.

To conclude, the more you pay in fees when buying Chiacoin, the lower your take-home profit will be. As such, be sure to study the fee structure before you start making any investments.

How to Sell Chiacoin

When you have completed the purchase of Chiacoin, you will have to think in terms of how to sell this digital asset. After all, this is the only way that you can make a profit.

Here is how it can be done using OKEx:

  • If you have stored your Chiacoin in a private crypto wallet, transfer the tokens to OKEx.
  • When the XCH coins are in your OKEx wallet, find the XCH/USDT market on the platform.
  • Select how much of your Chiacoin investment you want to sell.
  • For instance, if you want to cash out your enter investment, move the slider to 100%.
  • Lastly, confirm the order.

At this point, OKEx will exchange your Chiacoin for USDT.  You can then sell the Tether tokens for a fiat currency such as US dollars. Assuming that you have already completed the KYC process on the platform, you will be able to make a withdrawal request to move your funds back to your debit/credit card or bank account.

How & Where to Buy Chiacoin in USA – Conclusion

The eco-friendly Chiacoin brings a much-needed development into the crypto and blockchain space. However, it remains to be seen whether this digital token will have the effect intended by its developers, attracting more farmers and investors.

Our guide has walked you through the step-by-step process of how to buy Chiacoin in a fast and secure manner. To sum up, you can do this by purchasing a popular cryptocurrency like Bitcoin or Tether and then exchanging those for XCH tokens.

Just remember that this digital asset is highly speculative, so you need to carefully consider the risks involved before making an investment.

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About Kane Pepi PRO INVESTOR

Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.