Skip to content

How & Where to Buy Grin A Step-by-Step Guide to Buying GRIN

No exchanges offer Grin GrinGRIN for direct purchase using cash.

To buy Grin, you will complete a simple three step process:

  1. Buy usdtUSDT or bitcoinBTC at a trusted crypto marketplace
  2. Send your newly purchased crypto to an exchange that supports GrinGRIN
  3. Buy GrinGRIN

This entire process above will take you less than an hour. Keep reading the simple to follow step-by-step instructions below.

  1. Step 1Trade Cash For Crypto If you already own USDT or BTC that you want to swap for GRIN, you can skip this step and go directly to step two.

    If you don't currently own crypto, then the first step is to get some. In this step you will be buying some bitcoinUSDT or usdtBTC. You are buying USDT or Bitcoin because you can swap them directly for GrinGRIN on most exchanges.

    Click the "Visit Binance.US" button below to sign up at Binance.US — our favorite place for beginners to make their first crypto purchase.

    • binance.us logo
      Ease of use
      Easy
      Time to 1st Buy
      24 hrs
      24h Volume
      $27,986,487
      Coins
      58

      Founded in 2019 as the USA-focused branch of the Binance family of exchanges, Binance.US supports trading in over 50 cryptocurrencies, and has the same industry standard low 0.1% fees as the original international Binance exchange. American users can buy crypto directly with a debit card, but Binance.US is not available in 7 states including New York & Texas.

    Complete the steps to register & verify your new Binance.US account & then purchase USDTUSDT or USDTBTC.

  2. STEP 2Send Crypto to GRIN Exchange

    Now that you have USDTUSDT or btcBTC you need to send it to an exchange that supports GrinGRIN.

    Listed below are our top-rated exchanges that support Grin trading. All of the exchanges below are vetted by our editorial review process and have industry leading security and trading features. Sign up at one of the exchanges below, and then withdraw your USDTUSDT or btcBTC to the deposit address on this new exchange where you will trade for GrinGRIN.

    Best Grin (GRIN) Exchanges

    • dxrS0XbM 400x400
      Ease of use
      Easy
      Time to 1st Buy
      1 hour
      24h Volume
      57333596.124667
      Coins
      126

      No exchange has seen such a rapid and prominent rise in recent times as crypto-only US-based exchange Gate.io. With rock-solid security, low trading fees, and a user-friendly platform, we can see why they’re popular, but what really attracts new users to the platform is the immense number of altcoins.

    After choosing one of the exchanges listed above, you will need to 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.

  3. Step 3Trade Crypto For Grin (GRIN)

    Now that you have USDTUSDT or btcBTC deposited into an exchange that supports GrinGRIN trading, the last step is to trade your crypto for GrinGRIN.

    To trade for GrinGRIN you will navigate to the "markets" page in the navigation on most exchange websites. Once you are in the "markets" screen, you will search for "GRIN".

    • If you bought USDTUSDT then select GRIN / USDT
    • If you bought btcBTC then select GRIN / BTC

    Making the Trade

    Now that you are on the trading screen, you will likely see a big price chart with red and green lines, and a bunch of very long numbers that are moving very fast. This can be intimidating, but what you are looking for is a box where you can input how much you want to buy and a big "Buy GRIN" button. For this example, we will use Kucoin.

    buying GRIN You are looking for the little box that has the buy button.
    (They really hide it don't they!)

    The exchange you sign up for in Step One may look different than the images shown here, but all exchanges use similar layout and terms.

    Completing Your Grin Purchase

    After you find successfully locate the trading screen and the purchase interface within the GRIN trading screen, you will create your order, trading either USDTUSDT or btcBTC. In the screenshot below, you have purchased USDT in Step One.

    1Select "Market" order type
    2Add your purchase amount
    3Click "Buy GRIN"
    SNT market order

    Once you locate the "buy" input, select a "market" order and input the amount of USDTUSDT or btcBTC that you wish to spend. Once you are satisfied with your purchase amount, you will click "buy" and the trading platform will buy GrinGRIN at the current market price. You don't have to worry about all the other numbers and lines on the screen unless you want to learn more about advanced trading.

    🎉 Congratulations! You are now the proud owner of GrinGRIN.

Grin Research Center

Grin Technical Details & Statistics

Tokenomics
  • Market Rank663
  • Market Cap27,769,348
  • Circulating Supply84,240,300
  • Total Supply84,240,300 GRIN
Yesterday's Trading
  • 24 HR Volume4,293,970 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

What is Grin?

Grin (GRIN) is one of the first two MimbleWimble protocol-based coins to be launched on the crypto markets. It is unlike any other cryptocurrency currently available, representative of a new generation of coins that is focused on both the reduction of recorded transaction information necessary to operate its blockchain and the anonymization of every transaction recorded. In this way, Grin is not only highly scalable, making it easy to download the blockchain and run a full node, but it is also much more privacy-centric than classical Proof of Work blockchain architectures.

History of Grin

In mid 2016, an anonymous author published the original MimbleWimble white paper under the name “Tom Elvis Jedusor,” which is the name of Harry Potter character Voldemort in the French edition of the novel series. The author posted the white paper using a Tor (“.onion”) website which was taken down long ago, making it impossible to find out where the site was located or who created it. However, the idea was so compelling that it immediately sparked interest among several Bitcoin Core developers that began testing its validity and feasibility as blockchain for a cryptocurrency. Developer Andrew Polestra released his own expanded MimbleWimble white paper in October 2016, which became the basis for Grin. After much development and testing, the Grin main net was launched on January 15th, 2019.

How Grin Works

Grin uses the MimbleWimble blockchain architecture which renders it dramatically different from other Proof of Work coins. Instead of recording the details of every transaction, Grin only records a series of inputs and outputs, encrypting other information like sender/receiver information and amounts. This allows transactions to be sent anonymously while simultaneously cutting down on the size of the blockchain. In addition, spent output (an address with a zero balance) information is retroactively erased from the blockchain, which can actually decrease the size of the Grin blockchain as time goes on. Unlike most Proof of Work coins, mining rewards remain consistent, meaning there is no reward halving, leading to an unlimited supply of coins. One potential limitation of Grin is that, in order for a transaction to occur, both sender and receiver need to be online to confirm the transaction at the same time, and coins cannot be sent without a pre-confirmation from the recipient.

Why Grin?

Grin contains several advantages over bitcoin and other cryptocurrencies, some of which include:

  • Grin uses a massively prune-able blockchain in which spent outputs are deleted. In effect, the size of its blockchain is dependent on amount of active users rather than amount of addresses.
  • Next generation. Grin uses a different hashing algorithm (cuckARoo29 instead of SHA256D).
  • Grin block time lengths are 1 minute instead of 10.
  • All sender/receiver and transaction amount information is encrypted, and neither sender/receiver or transaction amount information is stored.
  • Address-free. Does not use addresses in the classical sense, but rather an IP addresses or end-to-end cryptographically secured service (such as a Keybase or Grinbox address).