Discover how to buy Chia (XCH) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Chia (XCH) is currently at
$4.4330
-$0.07100 (-1.6%)
Last updated on --.
How can I buy Chia on OKX?
Whether you're new to crypto or an experienced trader, you can buy Chia using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose Chia
Select Chia and buy using your chosen method.
Step four
Receive your Chia
Confirm your purchase and store your Chia in your portfolio.
What's Chia?
Chia is a type of digital money called cryptocurrency. Imagine it like a special kind of online token that you can use for transactions. Chia was created to be more eco-friendly than other cryptocurrencies by using a method called 'proof of space and time' instead of energy-heavy mining. This means it uses less electricity, helping to solve the problem of high energy consumption in crypto mining.
How can I buy Chia?
1) Create an account on OKX by visiting the website and clicking 'Sign Up'. Provide your email and set a password. 2) Fund your account using a bank transfer, credit card, or other local payment methods like PayPal. 3) Once your account is funded, go to the 'Markets' section, search for Chia, and click 'Buy'. Enter the amount you wish to purchase and confirm the transaction.
Why do people buy Chia?
People buy Chia because it offers a more sustainable way to engage with cryptocurrency. Its eco-friendly approach appeals to those concerned about environmental impact. Chia is also gaining traction in the crypto community for its innovative technology. It can be used for transactions and is part of a growing ecosystem that supports various applications, making it relevant in the industry.
Things to know before buying Chia in the United States
In the United States, cryptocurrencies like Chia are legal but regulated. You must complete KYC (Know Your Customer) and AML (Anti-Money Laundering) checks when buying. Tax implications include reporting capital gains if you sell Chia for more than you paid. Income from staking or rewards may also be taxable. Always consult a tax professional for personalized advice.
What are other ways to own Chia?
You can obtain Chia through methods like participating in network activities. Some platforms offer rewards for staking or providing liquidity, where you lock up your Chia to support network operations. Airdrops may occasionally distribute Chia for free, but these require specific eligibility. Task-based programs might offer Chia for completing certain activities, but always check the requirements and risks involved.
How can I store my Chia?
To keep your Chia safe, you can use custodial wallets, where a service holds your Chia, or non-custodial wallets, where you control your own keys. Hot wallets are online and convenient but less secure, while cold wallets are offline and safer. Always back up your wallet and keep recovery phrases secure. Use strong passwords and enable two-factor authentication to protect against hacks.
Why should I buy Chia on OKX?
Learn more about the security measures keeping your Chia safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy Chia (XCH)
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How to get Chia for free
Invite friends, earn rewards
See how you can get free Chia when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your Chia grow, for free. Put your crypto to work, 24/7.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade Chia
Take advantage of price fluctuations and trade your Chia for other cryptocurrencies.
Send Chia
Send your Chia anywhere, anytime with fast, low-cost transfers.
Spend Chia
Use your Chia to pay for goods, services, and experiences seamlessly.
Hold Chia
If you think your Chia will increase in value, you can hold onto it.
Sell Chia
Convert your Chia to cash quickly and securely.
How to buy Chia (XCH) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Chia XCH safely on a trusted exchange like OKX.
Choose the best exchange to buy Chia (XCH) depending on your individual needs. Factors to consider when picking the best place to buy Chia (XCH) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Chia. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell Chia (XCH), as well as fiat withdrawal options.
This depends on the method you use to convert Chia (XCH) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.