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Obtaining some cryptocurrencies is more difficult than others. Chia is a cryptocurrency that is mined using hard drive storage space rather than computational power. We’ve supplied some pointers in this article to assist you in locating a Chia Coin purchase option that works best for you.
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Where to Buy Chia Network?
As for this fast introduction, we’ll use eToro, one of the most prominent cryptocurrency brokers. Below is a straightforward step-by-step method on how to buy Chia Coin.
How to buy Chia Network on eToro
Here is a user a step-by-step guide on how to buy Chia Network with eToro, please write a small phrase explaining the steps, please have a look below at the images I will have for those steps, you should explain what you see in those screenshots:
Step 1: Open an Account
Open an account with our recommended broker, eToro, right away.
Step 2: Upload ID
Upload a copy of your passport or driver’s license.
Step 3: Make a Deposit
Use a debit/credit card or an e-wallet to make a deposit.
To fund your account, just go to “Deposit” option and choose the specific features of how you want to invest your money, for example, the amount and payment method.
Step 4: Search for Chia Network
how to search for Chia Network on the eToro platform
Step 5: Buy Chia Network
Buy cryptocurrency without paying a commission.
Best Place to Buy Chia Coin
eToro – The Overall Best Broker to Buy Chia Coin
As for a multitude of reasons, eToro is the greatest overall Chia trading platform in the United States for 2023. To begin with, the platform is extensively regulated by both the CySEC and the FCA in the United Kingdom. This is particularly important in the cryptocurrency market since it assures that any crypto you trade with through eToro is done safely and without putting your money in danger.
In addition to (XCH) Chia Network, the platform allows you to purchase roughly 17 different altcoins, including ETH, BNB, ADA, XRP, and others.
You may be able to trade cryptocurrency alternatives depending on where you live; however, this is only available for the more prominent cryptocurrencies like ETH, ADA, and BNB. Also, you can swap fiat currency for altcoins and trade crypto-fiat pairs.
Essentially, you can also trade crypto pairings, where you exchange one cryptocurrency for another at the same time. eToro is also a completely commission-free platform, with the only fees being spreads. This implies that you can enter and exit a transaction whenever you want, without incurring any additional fees.
You may trade Chia with a range of passive trading tools available on eToro. This contains a few traders who you can imitate or mirror using the platform’s social trading tools. It also provides a curated Crypto Portfolio, which is a basket of Bitcoin as well as numerous major altcoins, like Chia Coin, that are given variable weights.
Because the eToro investment team manages this portfolio, you won’t have to worry about rebalancing it regularly. You may open an eToro trading account in minutes, and you can fund it with debit/credit cards, bank transfers, or e-wallets like PayPal.
How to Buy Chia Coin with PayPal?
PayPal may now be used to purchase Chia currency; in addition to traditional payment methods such as credit/debit cards and bank transfers, PayPal can now be used to purchase currencies such as (XCH) Chia Network. eToro is a one-of-a-kind trading platform that allows users to deposit dollars into their eToro accounts and then use those funds to purchase cryptocurrencies like Chia Coin and others.
We are aware of no other exchanges that allow you to purchase Chia Coins using PayPal or other electronic wallets; eToro stands apart in this regard. As a result, eToro is an excellent investment platform for anyone who prefers to make investments using this kind of payment.
How to Buy Chia Coin with Credit Card?
Every service, overall, accepts credit card payments. All you have to do now is double-check whether a) fees will be charged and b) the credit card company will be accepted. Those who exclusively accept VISA, for instance, make it clear that MasterCard payments are not accepted.
If you wish to buy Chia Coin with a debit or credit card, you’ll need to go through a fast KYC process first. This will require some basic personal information at first, such as your name and surname, home address, and birth date.
A copy of your passport or driver’s license will be required to be uploaded. In most circumstances, a platform will be able to authenticate your identification in a matter of minutes. When this is completed, you will receive an email.
Safe Storage
The security of your (XCH) Chia Network is only as good as your wallet.
It becomes extremely difficult to breach and steal your Chia wallet if it is not available online (basically impossible).
In broad strokes, you’ll construct a wallet on a safe computer that isn’t connected to the internet using a fresh 24-word mnemonic key. Keep the key in a secure location, such as a safe, rather than in your computer. You’ll update your (XCH) Chia Network receive address to the wallet address connected with this new cold storage mnemonic key.
The following are some examples of cold wallet storage methods:
- Writing your key on paper and storing it in a vault
- Metal wallet
- Hardware wallets
There have been numerous reports of attackers using weaknesses in remote access applications like TeamViewer or Microsoft Remote Desktop to remotely penetrate a computer and steal data.
Because the procedure for turning off remote access features differs by each operating system, we recommend that you conduct some research online and follow one of the many tutorials available.
It’s amazing to see how many community-driven tools have popped up to assist you in your Chia growing efforts. These instruments can be extremely beneficial, but they also carry a lot of risks. You have no way of knowing if the code you’re using isn’t going to steal your private keys unless you audit it yourself.
Even if you’re using a popular tool that many people believe is secure, you never know if the risky code has been added to the next edition.
Alternate Ways to Buy Chia Coins
While the machines look like typical bank ATMs, they don’t work in the same way. A typical ATM will link to your bank account to authorize cash withdrawals. To buy Bitcoin or other cryptocurrencies, many Bitcoin ATMs only accept cash deposits. You may be able to exchange Bitcoin for fiat currency and supply cash with newer machines.
The purchase of all cryptocurrencies with US dollars is not possible. With Coinbase or BlockFi, you can buy Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and other popular cryptocurrencies with US dollars. You may then move your Bitcoin to an exchange like Binance to buy other cryptocurrencies, including Chia Network once you’ve acquired Bitcoin with Coinbase.
Essentially, the most well-known platforms are eToro and Plus500. Also, you should note that when you open an account with these online brokers, you do have the option to buy various cryptocurrencies.
(XCH) Chia Network, an energy-efficient blockchain and smart transaction platform has announced the debut of native, peer-to-peer exchange services for Chia wallet holders.
Because the (XCH) Chia Network is so new to the market, it isn’t available on most large cryptocurrency exchanges, such as Binance. It is, nevertheless, available on other cryptocurrency trading platforms.
We’ll show you how to buy Chia Coin in this part below:
- Register for the exchange of your choice.
- Before trading, you may need to become a fully verified member, depending on the exchange’s requirements.
- Because most altcoin exchanges don’t accept direct cash transfers, you’ll need to first purchase a major coin like Bitcoin.
- Transfer your Bitcoin to the Chia tokens exchange from your wallet.
- Using the funds you deposited on the exchange, purchase Chia tokens.
Conclusion
With over $80 million in (XCH) Chia Network passing hands on the site, eToro is the most popular option for investors to get their hands on the currency.
The Chia token was intended to address the several issues that plague traditional cryptocurrencies, and everything appears to be going smoothly so far.
If you’ve read this far and want to invest in the (XCH) Chia Network, you have all the information you need to make an informed decision.
WeInvests is a financial portal-based research agency. We do our utmost best to offer reliable and unbiased information about crypto, finance, trading and stocks. However, we do not offer financial advice and users should always carry out their own research.
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