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How & Where to Buy Chia Network A Step-by-Step Guide to Buying XCH

  1. Sign up at Huobi Global, the #1 rated XCH exchange.
  2. Fund your account with cash or crypto.
  3. Buy Chia NetworkXCH
  1. STEP 1Find the Best XCH Exchange
    • 102
      Ease of use
      Average
      Time to 1st Buy
      2 hrs
      24h Volume
      $1,042,022,137
      Coins
      315

      China’s biggest cryptocurrency exchange and the second-biggest exchange in the world. Huobi is highly respected and well designed, with a stunning trading platform, more than 50 fiat currencies accepted, and fair trading fees. Now based in Seychelles and listed in Hong Kong, it serves a primarily Asian customer base.

    Go to Huobi Global and create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase Chia Network Chia NetworkXCH quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy XCH with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for XCH.

Frequently Asked Questions About Buying & Selling Chia Network (XCH)

How do I Buy XCH with Crypto?

If you want to buy XCH with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Huobi Global and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Huobi Global.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell Chia Network (XCH)?

To sell XCH, simply reverse the buying process described above. You will likely need to trade your Chia NetworkXCH into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

Chia Network Research Center

Chia Network Technical Details & Statistics

Tokenomics
  • Market Rank238
  • Market Cap331,752,983
  • Circulating Supply1,582,223
  • Total Supply22,582,025 XCH
Yesterday's Trading
  • 24 HR Volume32,067,643 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
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  • The reduced energy demands of the Chia Network make it a very attractive investment proposition to those who like low-energy blockchains such as Nano, EOS, and Cardano. Moreover, with an increased focus on the carbon footprint of mining, solutions like Chia offer great long-term prospects.
  • As a decentralized blockchain, Chia can offer users improved security, in theory.
  • The Chialisp programming language shows a truly innovative side to the Chia Network that will also help long-term investors see great potential profits.
  • Funding, building, and supporting the blockchain through public and transparent means helps build trust with investors, while the open-source nature of the project is promising to developers.
  • To help stabilize the coin price and drive adoption, Chia will burn its strategic reserve rather than cashing in on it.

What is Chia Network (XCH)?

Chia Network is a global project founded by Bram Cohen, who is also the founder of the BitTorrent network. The core idea is to build a superior blockchain that offers smart transactions that are decentralized, efficient, and secure and which offers a much better situation for the environment through a less energy-intensive design.

By creating Chialisp, an entirely new transaction programming language, the project is powerful, secure, and easy to audit. While it does run on a Proof of Work algorithm, like Bitcoin and Ethereum, Chia only utilizes unused disk space, making it something that can quietly run in the background rather than require multiple rigs and a large setup. In addition, through chia lending and software support, the Chia Network encourages external developers to get involved.

Where to buy XCH in the US and Europe?

Here at Coin Clarity, we only recommend trusted crypto exchanges that offer quality, security, and longevity to our readers. For that reason, we advise on using either of the following platforms:

  • Huobi Global

How to buy Chia Network (XCH) on Gate.io

  1. Head to Gate.io
  2. Register an account using your:
    1. Country/Region
    2. Username
    3. Email
    4. Password
  3. To trade with the XCH/USDT pairing, you should deposit some USDT (you may need to buy some) from an external wallet or crypto exchange. Some of the most popular options are:
    1. Binance
    2. Coinbase
    3. Gemini 
  4. After making the USDT deposit, visit the trading pair here:
    1. https://www.gate.io/trade/XCH_USDT 
    2. Read and accept the risk warning
    3. Place your order

Now that you have your XCH, you can decide whether to hold it long-term or trade with it. 

How Chia Network Works

Let’s expand a bit more on the Proof of Space and Time algorithm, which the Chia Network is utilizing. This is a cryptographic technique that allows unused hard drive space to be used for mining and storage. In addition, proof of Space and Proof of Time work together to ensure consistency on the blockchain. Proof of Space proves that you have unused hard disk space, and Proof of Time makes sure transactions are managed responsibly by allowing a small time period to pass between blocks. 

Chia miners download some software that plants seeds in their unused space, and they become farmers. Then, when the blockchain needs a plot, the farmers are already ready to help, thanks to their disk space. Like most blockchains, the more space (mining power) a farmer offers to the network, the more chance they can win the block.

Chia Network (XCH) History

The developers behind Chia began their project back in August 2017 to improve global financial payment systems through the blockchain and smart transactions. Of course, many other cryptocurrency projects claim the same thing, so how was the approach different? Well, they developed an improved version of the PoW algorithm with the Proof of Space and Time, a new consensus algorithm that would surpass their rivals. 

Led by Bram Cohen, one of the world’s leading network protocol engineers and the inventor of BitTorrent, they developed a new programming language, Chialisp, which would give them a huge advantage in creating a new digital currency and range of services. Quite quickly, the project was able to handle:

  • Atomic swaps
  • Authorized payees
  • Recoverable wallets
  • Multisig wallets
  • Rate-limited wallets