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ChiaCoin, or XCH, is a digital asset released in 2021 and is based on a new proof-of-time and proof-of-space consensus mechanism that’s meant to be more eco-friendly than PoW algorithms that other cryptos like BTC use.
XCH has become popular due to its unique approach to crypto mining and its promise of being an eco–friendly alternative to conventional cryptos. Further, many investors see XCH as a potential value store due to its scarcity. This article will walk you through everything you need to know about ChiaCoin, from its benefits and utilities to the best exchange to buy ChiaCoin.
Chiacoin – Utilities & Benefits
Utilities
Some of the key utilities of ChiaCoin include:
- It is used as a store of value
- It is used as a medium of exchange for goods and services.
- It offers a great investment opportunity
- Developers can use it to games dApps
- Offers creators a chance to mint, collect, and trade NFT assets
Benefits
XCH offers several potential benefits over other digital assets, including:
- Energy-efficient: ChiaCoin’s proof-of-space and proof-of-time consensus mechanism require less energy consumption compared to proof-of-work algorithms used by other cryptos, making it more environmentally friendly.
- Decentralized and secure: ChiaCoin operates on a decentralized blockchain network, which makes it secure and resistant to tampering or interference.
- Fast and low-cost transactions: ChiaCoin transactions are processed quickly and at low cost, making it a more efficient alternative to traditional payment methods.
Best Chiacoin Exchange: BuyCryptocurrency.com
If you’re interested in buying ChiaCoin, selecting a reputable and trustworthy exchange that meets your needs in terms of security, fees, user experience, and available trading pairs is essential. The best place to buy ChiaCoin is on BuyCryptocurrency; here’s why:
Over 200 Cryptocurrencies and 13,000 Trading Pairs
Our service allows users to trade more than 200 digital assets, including popular ones like EOS, BNB, Tezos, Monero, USDT, XRP, Ethereum, Litecoin, and Bitcoin. Our service makes almost all trading pairs possible, which helps users avoid making multiple swaps.
We a Non-Custodial Exchange
We allow our users to have control of their assets, as unlike centralized exchanges, we don’t hold users’ digital assets — users are responsible for storing their assets.
Enhanced Security
Our service is more secure than centralized exchanges because users are responsible for storing their assets and don’t have to rely on our service to secure their crypto.
Provision of Bank Card Purchases
We’ve partnered with Simplex to allow our users to buy crypto directly using a Mastercard card or visa.
Reasonable Fees
Our service offers two types of charges; fixed and classic. The classic rate is subject to fluctuation due to network fees or market conditions, while with the fixed rate, users get what they pay for when they initiate the swap.
No Registration
We don’t conduct any KYC checks and allow our users to trade digital assets without registering an account.
Customer Support
We offer excellent customer support and are available on various social channels, including Reddit, Instagram, Telegram, Facebook, and Twitter.
Frequently Asked Questions
When you buy XCH via BuyCryptocurrency.com, the wait time will differ depending on the payment method. Debit/credit card payments are usually faster than bank transfers. Nevertheless, we strive to deliver your XCH as securely and quickly as possible.
Yes, you can buy XCH using a debit card on BuyCryptocurrency.com
At BuyCryptocurrency.com, we provide our users with unbeatable prices for purchasing XCH. We offer our customers various payment options to allow them to buy XCH Affordably.
No, you can shop easily on BuyCryptocurrency.com, as our prices are all-inclusive and competitive.
Yes, BuyCryptocurrency.com accepts various payment methods, including bank transfers.
Yes, US citizens can purchase ChiaCoin on various sites, including BuyCryptocurrency.com. However, before buying XCH, seek professional financial advice and familiarize yourself with the relevant regulations.
Yes, XCH’s cost reduction and easy viability make it one of the most sustainable digital assets in the market.
Yes, ChiaCoin (XCH) is a tradable cryptocurrency that can be bought, sold, and traded on various cryptocurrency exchanges. The specific exchanges that list ChiaCoin may vary depending on your location, but some of the more popular exchanges include BuyCryptocurrency.com, Binance, Huobi, and Kraken, among others.