Investors love the brand new Chia (CCC:XCH-USD). The coin was a hit in the days following its launch on Monday. But, thanks to the innovative model, ease of mining, and recent news that bolsters XCH, investors really want to get in today. This raises the question of where to buy Chia.
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Fortunately for investors, there are several options.
Created in response to concerns about the cryptocurrency’s energy consumption, the coin’s selling point is that it uses very little power in its mining process. It’s actually so low that it can be done on their desk, according to the founders of Chia. It’s a welcome change from the huge racks of graphics cards needed to mine other cryptos.
Chia’s launch took place on Monday and the play got off to a rough start. Prices hit $ 1,934 on the first day of trading, before finally dropping 50%. Prices fell steadily throughout the week, hitting a low of $ 561. But, with the announcement of Amazon (NASDAQ:AMZN) offering mining on its AWS cloud, prices have started to climb.
Price predictions following the rapid recovery are prompting investors to ask for their own XCH coins. If you are not ready to exploit yours, you are always lucky to have options.
Where to buy Chia (XCH) now
OKEx is the most popular way for investors to grab their Chia, with over $ 80 million in currency changing hands on the platform.
Another platform that lists Chia is Gate.io, which has seen a transaction volume of $ 15 million since its launch. MXC.COM traded $ 22 million in XCH, while the smaller exchange DigiFinex saw Chia change hands just under $ 2 million.
To buy Chia on any of these exchanges, you must first buy stablecoin Attached (CCC:USDT-USD). The Tether coin, which is pegged to the value of one US dollar, can then be exchanged for XCH.
As of the publication date, Brenden Rearick does not hold (directly or indirectly) any position in the securities mentioned in this article.