Page Summary
Chia Coin (XCH) is an interesting crypto coin. UAE traders receive access to it with industry-leading exchanges and brokers. Chia Coin represents an alternative to other cryptocurrencies. The Chia Network uses a layer one blockchain with its proprietary programming language. This mechanism is named proof-of-space-and-time (PoST). It helps the blockchain use less energy for crypto mining.
Chia Coin is new, and it came into existence in 2021. It had an interesting evolution in the crypto market. UAE traders buy and hold XCH due to its potential benefits. But this coin’s price remains volatile, and we do not recommend it for beginners. This article discusses how to buy Chia Coin (XCH) in the UAE.
List Of The Best Exchanges For Chia Coin:
- eToro – Best overall broker for crypto assets
- Binance – has an excellent digital assets portfolio for UAE traders
- Coinbase – is a leading global exchange with top-tier licenses and access to many coins
| RANK | BROKER | GENERAL | PLATFORM SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|---|
| #1 | eToro | Excellent social trading features | 4,9/5 | Best overall broker | Official website |
| #2 | Binance | Premium account features | 3,1/5 | Top cryptocurrency exchange | Official website |
| #3 | Coinbase | Access to many coins | 2,6/5 | Leading global exchange with top-tier licenses | Official website |
Best Crypto Exchanges For Chia Coin In Overview:
1. eToro – Best Overall Broker To Buy Chia Coin In UAE
Min Deposit: $100
Fees: 4.8
Assets available: 4.8
Total Fees:
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong Take 2 min to learn more
eToro is the leading social trading broker with top-rated crypto platforms. It offers a versatile portfolio with digital coins, forex options, fiat currencies and equity investments. The main crypto coins available with eToro are Bitcoin, Ethereum, Litecoin, and Chia Coin. This online broker has a useful demo account. Virtual trading is an advantage if you want to test different strategies with live market prices. It is a top choice for traders at all levels. If you want to analyze the price movements of Chia Coin with eToro, the demo account is the best choice.
UAE traders prefer eToro because of its excellent fee structure. It has no commission fees, and it charges a 1.90% spread for withdrawing crypto. eToro offers the best social trading features. It highlights top traders and lets UAE traders copy their trading positions. eToro has many benefits for UAE traders. It has many payment methods, a crypto wallet, and 24/5 support.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong Take 2 min to learn more
2. Binance – Excellent Digital Assets Portfolio For UAE Traders
Binance is a popular crypto exchange in the United Arab Emirates. It is a good fit for professional and active UAE traders. The Binance platform has a professional design and many technical tools. Binance has some learning materials for beginners. It offers tutorials, videos, and tools to help beginners invest in crypto. Binance offers 50+ crypto assets. Its stablecoin, BNB, comes with impressive incentives and discounts on trading fees.
This UAE exchange has a straightforward fee structure. The execution fees start at 0.10% per trade. Users lower their crypto trading fees by 40% by having BNB coins in their wallets. The minimum deposit fee at Binance is £15 for credit or debit card funding. Binance is a secure exchange with top-tier licenses from the FCA.
3. Coinbase – Leading Global Exchange With Top-Tier Licenses
Coinbase is a top cryptocurrency exchange with an excellent reputation. It has top-tier licenses and follows strict rules. Coinbase is a world-leading digital currency platform with access to many coins. It offers popular cryptos, including Bitcoin, Ethereum, and Chia Coin.
Coinbase has user-friendly platforms and tools. It offers many learning and research materials. Coinbase is a popular choice with UAE traders when it comes to trading cryptos.
How We Chose The Best Exchanges For Chia Coin
We choose the best exchanges for Chia Coin based on several criteria including Fees, Account, Withdrawal and Deposit. We commit to offering help to all UAE traders. Our goal is to help beginner and advanced traders make intelligent choices with their money. This focus is the reason why we share both strengths and weaknesses.
Fees: A straightforward fee structure adds to an excellent online trading experience. Some crypto exchanges have a transparent fee structure; others don’t. Read our in-depth reviews to learn more about fees and crypto exchanges.
Account: Most UAE exchanges offer different account tiers. Some crypto exchanges request a minimum deposit fee. Others don’t charge an initial fee for new accounts. Check our in-depth reviews for more information about account tiers and exchanges.
Withdrawal and deposit: Withdrawing and depositing funds must be simple. Funding an account takes longer with some exchanges than with others. Some UAE exchanges have a low minimum deposit. Read our in-depth reviews for more information on exchanges and payment methods.
Market and products: Each exchange has different asset and market coverage. You should opt for an exchange with a versatile crypto portfolio. Check our in-depth reviews for more information on exchanges and assets.
Trading platforms: A platform with a beginner-friendly design adds to a good trading experience. Select an exchange with an intuitive platform and a comprehensive portfolio. The UAE exchanges in our reviews are secure, but some might be challenging for beginners. Read our in-depth reviews to learn more about United Arab Emirates exchanges.
Customer support: Customer support is essential for your online trading success. Secure and reliable exchanges offer email, live chat, and phone support.
Safety: A safe UAE crypto exchange has top-tier licenses. It uses industry-leading safety measures for all accounts. Our in-depth reviews discuss online trading safety for UAE traders.
How To Buy Chia Coin In UAE
The best crypto exchanges in UAE to buy Chia Coin with are eToro, Binance, and Coinbase. eToro is the top UAE broker with reliable crypto services. Binance is a leading crypto exchange with competitive pricing. Coinbase is a global exchange with an impressive portfolio and top-tier licenses.
The Chia Coin is a top choice for UAE traders. We recommend you opt for eToro to trade XCH coins. It is the highest-rated crypto trading platform with trustworthy trading services. There are four simple steps to follow to buy XCH crypto coins with eToro:
- Sign up with eToro: Go to eToro’s main website and register a new account.
- Submit a valid ID: You’ll have to pass account verification before you start trading XCH. A valid ID, such as a passport or driver’s license, is necessary.
- Make your first deposit: After you pass account verification, you have to fund your account. UAE residents have many payment methods available. Credit or debit cards, bank transfers, and e-wallets are top choices.
- Buy Chia Coin (XCH): Search for the ticker symbol “XCH,” and you will see the Chia Coin price. Click on the coin and start buying or selling XCH.
Where To Buy Chia Coin In UAE?
Traders in the UAE buy Chia Coin with secure crypto trading exchange. The top three platforms we recommend are eToro, Binance, and Coinbase.
Buying Chia Coin With eToro
eToro is the leading social trading broker with top-rated crypto platforms for buying Chia Coin. It offers a versatile portfolio with digital coins, forex options, fiat currencies, and equity investments. The main crypto coins available with eToro are Bitcoin, Ethereum, Litecoin, and Chia Coin.
This online broker has a useful demo account. Virtual trading is an advantage if you want to test different strategies with live market prices. It is a top choice for traders at all levels. If you want to analyze the price movements of Chia Coin with eToro, the demo account is the best choice.
UAE traders prefer eToro because of its excellent fee structure. It has no commission fees, and it charges a 1.90% spread for withdrawing crypto. eToro offers the best social trading features. It highlights top traders and lets UAE traders copy their trading positions.
eToro has many benefits for UAE traders. It has many payment methods, a crypto wallet, and 24/5 support.
Pros: Commission-free trading , Features many popular cryptos , Regulated by the FCA , Mobile app available , Offered in many countries , Demo account
Cons: It has a high spread , It lacks smaller cryptos and stocks
Buying Chia Coin With Binance
Binance is a popular crypto exchange in the United Arab Emirates when buying Chia Coin. It is a good fit for professional and active UAE traders. The Binance platform has a professional design and many technical tools.
Binance has some learning materials for beginners. It offers tutorials, videos, and tools to help beginners invest in crypto. Binance offers 50+ crypto assets. Its stablecoin, BNB, comes with impressive incentives and discounts on trading fees.
This UAE exchange has a straightforward fee structure. The execution fees start at 0.10% per trade. Users lower their crypto trading fees by 40% by having BNB coins in their wallets. The minimum deposit fee at Binance is £15 for credit or debit card funding.
Binance is a secure exchange with top-tier licenses from the FCA.
Pros: More advanced tools and technical indicators , Offers tutorials for beginners , Low spreads , Mobile App available , Advanced trading platform
Cons: It is not intuitive for beginners , It has an unclear regulatory status
Buying Chia Coin With Coinbase
Coinbase is a top cryptocurrency exchange with an excellent reputation and access to buying Chia coins. It has top-tier licenses and follows strict rules. Coinbase is a world-leading digital currency platform with access to many coins. It offers popular cryptos, including Bitcoin, Ethereum, and Chia Coin.
Coinbase has user-friendly platforms and tools. It offers many learning and research materials. Coinbase is a popular choice with UAE traders when it comes to trading cryptos.
Pros: Secure platforms and wallets , Access to dozens of digital currencies, including Bitcoin and Ethereum , Beginner-friendly main platform , Access to professional services with Coinbase Pro
Cons: Expensive fee structure, higher than with most cryptocurrency exchanges , Lack of control of private keys when you keep your assets in your Coinbase account
How To Buy Chia Coin Using eToro?
The best UAE platform to invest in Chia Coin is eToro. This brokerage firm has secure services and platforms for traders at all levels. Here is a step-by-step guide on using eToro to buy XCH in the UAE.
Step 1: Create A Trading Account With eToro
The first step for UAE traders is to create a trading account with eToro. The sign-up form is available on their main website. You’ll have to submit your full name, address, source of funds, date of birth, and contact information.
Step 2: Pass Account Verification
After you’ve submitted the requested information, the next step is to verify your account. eToro allows investors to trade up to $2,000 before verifying their account. Users have to offer an image of their ID and proof of residence. eToro is a trustworthy brokerage firm that follows strict KYC rules from the UAE. Verifying online trading accounts is mandatory for all UAE residents.
Step 3: Fund Your Account
eToro has many payment methods available. Choose the deposit option that meets your needs. After you decide on a funding method, the next step is to buy XCH.
Step 4: Buy Chia Coin (XCH)
When your deposit appears in your wallet, eToro allows you to complete your first crypto “buy.” Digital assets have different symbols. Clicking on one ticker will start to set up your trade. Choose the amount of crypto you’d like to buy and click “Submit.” Your transaction will finish in a matter of minutes.
What Is Chia Coin?
Chia is a crypto coin that uses the proof-of-space-and-time (PoST) mechanism. Its mining depends on the amount of hard disk storage available for it and not the processing power, like in Proof-Of-Work. Chia aims to become the digital coin for everyone. It doesn’t need in-depth processing power. Chia coin focuses on maintaining transparency and offering the best security. It is a direct competitor of Bitcoin, which uses the Proof-Of-Work model. Chia coin has a much smaller market cap than Bitcoin.
Why Should You Buy Chia Coin?
You should buy Chia Coin because Chia Coin farming is profitable. However, the profits are small. Experienced UAE traders might increase their profits with XCH. Its PoST mechanism is secure and follows industry-leading safety algorithms. Read our in-depth reviews for more details on crypto mining and the best mining process.
How Much Does Chia Coin Cost?
The cost of XCH coins varies depending on the platform you choose. The price of Chia Network is $87.038247 per (XCH/USD). If you opt for a brokerage firm like Plus500, you might have to pay extra fees. Most trading platforms charge a spread or commission when buying crypto coins. eToro has a 0% commission policy on specific assets.
How To Buy Chia Coin Using PayPal?
To buy Chia Coin with PayPal, you have to create an account. If you have a PayPal account, click the button that says “crypto” in the app or PayPal website. Doing this will redirect you to a page where you will select the Chia Coin.
To complete the transaction, you have to have the necessary funds from a debit card or a bank account. PayPal users have a spending option varying from $1 to $100,000 per week. Remember that PayPal has charges different crypto exchange fees.
How To Buy Chia Coin Using BTC?
Another way for buying XCH is with Bitcoin. Traders use Chia Coins on most exchanges to fund their brokerage accounts. You should store XCH using secure crypto wallets. Keeping your coins secure is a must. Check our in-depth reviews to learn more about online trading, wallets, and safety.
Buying Chia Coins Safely In UAE
All UAE traders must use a cryptocurrency exchange or broker with top-tier licenses to buy XCH. Platforms that follow the rules of a trustworthy regulatory body diminish the trading risks. eToro is a leading social trading brokerage firm. It has an excellent reputation and offers secure services for UAE traders.
If you want to store Chia Coin (XCH) in a wallet, selecting a wallet with an encryption key and powerful security protocols is best. Digital wallets use public and private keys. You shouldn’t share your private keys with anyone, including your exchange of choice.
The Risks Of Buying XCH
Digital coins like XCH are speculative assets and come with risks. Investing in digital assets remains risky. It is best to start with a minimum investment to avoid losing funds. The Chia Coin is secure, but it might be challenging for new traders. If you buy XCH at a high price and the coin crashes, you risk losing all your money. Remember that risks increase if you use leverage.
CFD platforms provide the ability to use leverage with digital coins. Leverage enables the possibility of dramatic revenue increases. But it increases the risk of losses as well. Crypto coins are volatile, and we don’t recommend that beginners use leverage. Read our in-depth reviews to learn more about risk management and cryptocurrency trading.
Selling Chia Coin In UAE
UAE traders should use a crypto exchange or broker like eToro to sell Chia Coins. eToro is a safe choice for cashing out, and it doesn’t support exchanging crypto for another. UAE traders have to use a secure cryptocurrency exchange for this.
Summary
The Chia Coin is a popular coin. UAE traders receive access to reliable platforms and exchanges to invest in XCH. We recommend it for professional UAE traders. XCH is a secure coin, but you need to know how and where to buy it. Select an online broker like eToro to invest in Chia Coin with fewer risks.
FAQ
Are There Any Safety Risks For UAE Citizens?
Online trading involves risks. But online trading in the UAE is legal and safe. Traders should select an exchange platform with top-tier licenses. The top regulators for online platforms are the FCA, CySEC, and ASIC. The platforms in this review are secure and follow strict regulations.
What Is The Financial Regulatory Authority For Cryptocurrencies?
Digital assets, including XCH, are not regulated by a regulatory authority. Crypto coins have no underlying commodity or intrinsic value. If you lose funds, few countries let traders use the local Financial Services Compensation Scheme. Verify with your local authorities for rules and restrictions.
What Is The Difference Between Bitcoin And Chia Coin?
Chia Coin and Bitcoin have similarities. Both use the Nakamoto Consensus algorithm and are the only cryptos that use it. The difference is in the way the Chia blockchain creates its coins. Bitcoin uses the Proof-Of-Work algorithm, and Chia uses the Proof-Of-Space-And-Time.
What Is The Market Cap Of Chia Coin?
In January 2022, XCH’s market cap was $258 million. Bitcoin had a market cap of $800 billion.
Is A Digital Wallet Necessary To Buy Chia Coin?
Yes. All UAE traders need to use a cryptocurrency wallet to store XCH. Keeping your coins in the exchange’s wallet isn’t safe. Read our in-depth reviews to learn more about crypto trading, wallets, and safety.
How Much Money Do I Need To Buy XCH?
The amount of money required to buy XCH varies depending on the platform you select. Buying XCH on eToro has a minimum deposit requirement of $50. The exact minimum or maximum differs depending on the platform’s limitations. Read our in-depth reviews to learn more about cryptocurrency and minimum investments.
How To Sell Cryptocurrency In UAE?
It is simple to sell crypto coins in the United Arab Emirates. For example, if you choose eToro, you’ll receive access to a portfolio where you have to click on the Sell button. The best approach to make money from online investments is through capital gains. A capital gain refers to selling your coins for a higher price than you originally paid. Check our in-depth reviews to learn more about buying and selling crypto in the UAE.
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Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and crypto assets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.