Chia Coin Exchanges allow you to buy, sell and trade this new cryptocurrency launched in March 2021. Due to its unusual mining structure, focused on accessibility and environmental friendliness, the coin has become very popular. However, now getting into mining (more precisely, Farming) is no longer as easy as it was in the beginning. The hard drives required for this process are are getting more expensive, and more and more of them are needed due to the increasing complication of the network. In other words, they fail quickly.
For this reason, many investors prefer to go the other way and simply buy currency with the aim of selling it at a higher price when the rate increases.
Criptomais experts examined which cryptocurrency exchanges You can do this. There are not many such brokers, but among them there are high-quality platforms that have been operating for several years and are recommended for use.
TOP 7 Cryptocurrency Exchanges for XCH According to Experts:
- OK. One of the leading Chia Coin cryptocurrency brokers on the market, with a large selection of centralized and decentralized services.
- MEX. Actively developing cryptocurrency exchange with Chia Coin for spot and futures trading with low fees.
- BingX. An exchange with XCH, with which novice users can earn money even without experience, using copy trading.
- KuCoin. Cryptocurrency exchange with Chia Coin, providing convenient trading of a variety of currency pairs with minimal commission costs.
- cooperative. Chia Coin exchange, formerly known as HTX, is a convenient and functional platform for trading a large number of different assets.
- Gate.io. A broker with XCH that offers the opportunity to trade this coin against USDT or Ether. It has high liquidity and trading volumes.
- Coinex. Cryptocurrency exchange with Chia Coin, where the user has the opportunity to trade spot and futures, as well as earn passive income.
Chia Coin Exchange Comparison Table:
| Exchange name | Website | Trabalha com maior parte dos Países? | KYC | Demo account | Pairs to trade with Chia | Verified assets | Trading Fees |
|---|---|---|---|---|---|---|---|
| OK | okx.com | sim | sim | sim | XCH/USDT, XCH/USDC, XCH/BTC | sim | Spot: -0.05 to 0.1%. Futures: 0.005 to 0.05%. |
| Cooperative | huobi.com | sim | No | No | XCH/USDT, XCH/BTC | sim | Spot: from 0.0097 to 0.2%. Futures: from 0.005 to 0.05%. |
| KuCoin | kucoin.com | sim | sim | No | XCH/USDT | sim | Spot: -0.005 to 0.1%. Futures: 0.014 to 0.06%. |
| MEX | mexc.com | sim | No | sim | XCH/USDT | No | Spot: from 0 to 0.2%. Futures: from 0.014 to 0.06%. |
| Gate.io | Gate.io | sim | No | No | XCH/USDT, XCH/ETH | sim | Spot: from 0 to 0.2%. Futures: from 0 to 0.05% |
| BingX | bingx.com | sim | No | sim | XCH/USDT | sim | Spot: from 0 to 0.1%. Futures: from 0 to 0.05% |
| Coinex | coinex.com | sim | No | No | XCH/USDT, XCH/BTC | sim | Spot: from 0 to 0.2%. Futures: from 0 to 0.05% |
Briefly about Chia Coin
The network was created by BitTorrent founder Bram Cohen and aims to become a means of combating concentration in the cryptocurrency mining industry. The trend in mining BTC and other popular cryptocurrencies is that individuals can no longer compete with large syndicates.
Chia differs from other major cryptocurrencies in the mechanism it uses to secure the network and incentivize participation. The network architects chose a Proof-of-Space system for this purpose, which does not rely on computational power but on storage capacity.
- Farmers allocate a site to store hashes, and each of these sites is called a raft.
- When the blockchain broadcasts the next set challenge, farmers scan the graphs for the closest hash to the challenge in question.
- The chance of a farmer winning a set is calculated as the percentage of space the farmer has compared to the entire network.
The system eliminates the need for energy-intensive mining, but problems arose with a shortage of storage on the market and its rising price. In fact, the situation with video cards 2017-2018 is repeating itself. Manufacturers have already begun to reduce HDD warranties due to Chia mining.
We have already talked about farming Chia Coin and now let's see through which exchanges you can buy this coin.
Exchanges com Chia Coin
Wallet to store purchased coins Split Coin (XCH)
All listed exchanges offer the opportunity to store Chia Coin in your accounts for free and for an indefinite period of time. This is convenient if you plan to use XCH for trading in the near future, but for long-term storage as an investment, it is wiser to use a wallet installed on your own device and not have access to private keys.
This wallet is currently the official wallet Blockchain de Chia, also tailored to the launch of this coin. The wallet address is as follows: xch158s89qxul6gzhr9x3hrr0rnfqf2y0ynfulw80q7pp5fgvfhvtjvqdeelkj. View your address in your wallet and transfer funds from the cryptocurrency exchange to it.
Price to buy Chia Coin (XCH)
Factors that may have a positive impact on the growth of XCH value:
- Reverence for the project's surrounding environment. This landscape is of interest to many users concerned about the state of the environment.
- Own programming language. Chialisp ideal for auditing and at the same time functional: with its help you can create various types of wallets (limited fee, multi-signature, recoverable), coins (colored coins), operations (atomic swaps, authorized payments).
- SSD and HDD manufacturers are also interested in pumping coins. High demand allows them to raise the prices of the equipment they produce. Stock investors are already anticipating this and are starting to invest in shares of manufacturing companies.
- Currency volume output for exchanges. Today it is supported by several large platforms. The increase in the number of these platforms will probably lead to an increase in the exchange rate.
- The famous founder (Bram Cohen) and the rest of the people in team. They have also launched major online stores Overstock and eMusic. Venture capital and other companies Sequoia Capital, Pantera Capital, Kenetic Capital, Andressen Horowitz), Polychain Capital have already become investors in the project. Continue Chia Network plans to conduct an IPO.
- The issuance of coins is limited. This is a deflationary pattern, which ensures the gradual creation of a deficit and, therefore, an increase in prices.
Of course, there are also difficulties. We have already talked about problems with hard drives (shortage and price increases), but that's not all. The secondary market can be flooded with hard drives that are almost dead, but still under warranty. Manufacturers are expected to take tough measures, including limiting HDD sales. Therefore, it will be increasingly difficult for miners. That is why many now consider it more promising to buy Chia, and not to grow it.
Frequently asked questions
Conclusion
We have listed Chia Coin exchanges that have proven their worth, have a positive reputation and a large number of users. They provide good liquidity, which means you don’t have to wait long for a counterparty to buy or sell your assets. Whether it is worth carrying out such operations depends on many factors – take into account the direction of market movement, news history, investments of large companies in the project, listing on other popular cryptocurrency exchanges.