Last updated on January 19th, 2022
The Chia network was developed with a Proof of Space consensus mechanism. If you are looking to buy this coin in Singapore, it is actually rather hard to do so.
This is because no platform offers XCH as a direct trading pair with SGD.
Here’s what you need to know if you believe in the problem that this coin is trying to solve.
How to buy Chia coin (XCH) in Singapore
Here are 4 ways you can buy Chia coin (XCH) in Singapore:
- Crypto.com (App)
This is a summary of all of the platforms,
|None (but spread
may be higher)
|Up to 0.2%
|Up to 0.1%
|Up to 0.1%
and here is each exchange explained in-depth:
However, you can’t buy XCH directly from SGD.
Instead, you’ll need to make at least 2 trades to purchase XCH.
You can find out more about how the Crypto.com App differs from the Exchange platform in my comparison here.
How to buy Chia coin on Crypto.com
Here are the steps you’ll need to do to buy XCH on Crypto.com:
- Go to Crypto Wallet
- Scroll down and find XCH
- Click on ‘Buy XCH’
- Select your payment method
- Confirm the trade
#1 Go to Crypto Wallet
You’ll need to access your crypto wallet on the Crypto.com app.
This can be done by tapping on the central icon and going to ‘Crypto Wallet‘.
#2 Scroll down and find XCH
If you don’t have any XCH (Chia network) in your Crypto.com wallet, you’ll need to scroll down to find the currency.
You can use the search function to find XCH, as there are quite a lot of currencies available on the app!
#3 Click on ‘Buy XCH’
You will be on the XCH price page. You’ll need to tap on ‘Buy XCH‘ to make the trade.
#4 Select your payment method
Similar to Coinhako, you cannot decide on the rate that you wish to buy XCH at. Instead, it will be done at the prevailing market rate.
There are 3 payment methods that you can use to buy XCH on Crypto.com:
1. Debit or credit card
You can use either a credit or debit card to purchase XCH directly.
This would probably be the most efficient way of buying XCH. However, you will be charged a 3.5% fee if you’re from Singapore!
Due to this high fee, it may not be worth buying XCH using your credit or debit card.
2. Crypto wallet
If you have other cryptocurrencies in your crypto wallet, you can use this to trade for XCH.
3. Fiat wallet
The final way that you can buy XCH on Crypto.com is via a fiat wallet.
Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.Investopedia
You can only buy XCH from either a EUR or AUD fiat account.
This is because there are only 8 cryptocurrencies that you can purchase from Xfers:
If you want to buy XCH with SGD, here are the steps that you’ll need to do:
- Purchase CRO or BTC with SGD from your fiat wallet
- Purchase XCH from either CRO or BTC using your crypto wallet (method 2)
#5 Confirm the trade
When you confirm the details, Crypto.com will lock in the exchange rate for 15 seconds.
Once you confirm the trade, XCH will be credited to your account.
Here are the fees that you’ll incur with Crypto.com:
|Type of Fee
The fees when trading with Crypto.com seem to be lower! However the spreads can be quite high.
A spread in trading is the difference between the buy (offer) and sell (bid) prices quoted for an asset.IG Trading
When you make multiple trades on the Crypto.com app, you may lose some money due to the spread!
These costs can be hard to keep track of, but it is something you’ll need to consider.
You’ll also need to consider how you’re going to withdraw your funds from Crypto.com, which you can view my guide here for more information.
The remaining exchanges do not support SGD
For the next few methods, they do not allow you to deposit SGD into their exchanges.
This means that you’ll have to buy a cryptocurrency from one exchange, and then send it to these exchanges.
However, you’ll need to consider the withdrawal fees that you’ll incur when sending your crypto on the blockchain.
Depending on the fees, it can be really hefty!
You can consider using Gemini’s Active Trader, which charges a rather low 0.35% trading fee. You are able to purchase either BTC or ETH from Gemini.
After that, you can send your BTC or ETH to any of the exchanges below. You will not be charged any withdrawal fees for up to 10 withdrawals per month.
Huobi is another crypto exchange that allows you to trade a variety of cryptocurrencies.
Since they do not allow you to deposit SGD onto their platform, you’ll need to deposit another cryptocurrency into the exchange first.
Here’s what you’ll need to do to buy XCH on Huobi:
- Deposit a cryptocurrency into Huobi
- Select a trading pair
- Select the type of order you wish to make
- Select the quantity of XCH you wish to buy
#1 Deposit a cryptocurrency into Huobi
First, you’ll need to go to ‘Balances → Exchange Account‘.
This is where you will deposit your crypto to.
You can choose a wider variety of cryptocurrencies to deposit into Huobi, compared to Binance.
The safest currencies to deposit will be either BTC or USDT.
#2 Select a trading pair
After depositing your crypto into Huobi, you can start trading it.
If you just want to trade your crypto, you can go to ‘Spot Trading → Exchange‘.
You’ll be brought to Huobi’s exchange platform.
You’ll need to find a trading pair with XCH, which can be done at the left hand side of the platform.
Here are some of the trading pairs on Huobi:
#3 Select the type of order you wish to make
After you’ve selected your trading pair, you would need to select the order type that you wish to make:
- Trigger Order
Limit orders allow you to determine the price you wish to buy or sell your crypto. Meanwhile, market orders will buy your crypto at the prevailing market rate.
#4 Select the quantity of XCH you wish to buy
After you’ve selected your order, you’ll need to select the amount of XCH you wish to buy.
Once the trade has been executed, XCH will be credited into your account.
Here are the fees that you’ll incur when trading with Huobi:
|Type of Fee
|XCH Withdrawal Fee
The fees are pretty reasonable, but there may be exchanges with cheaper fees.
OKEx is another crypto exchange that you can consider buying XCH from.
Here’s how you can buy XCH on OKEx:
- Deposit USDT or BTC into OKEx
- Select a trading pair with XCH
- Enter the details of your trade
- Execute the trade
#1 Deposit BTC or USDT into OKEx
You’ll need to go to ‘Assets → Deposit‘,
and then select either of the 2 currencies to deposit.
#2 Select a trading pair with XCH
Once you have deposited the currency in your OKEx account, you can start trading XCH.
You’ll need to go to ‘Trade → Basic Trading‘,
which brings you to OKEx’s trading platform.
You will need to select a trading pair with XCH from the search bar:
#3 Enter the details of your trade
You are able to make 5 different types of orders you can make on OKEx:
- Advanced Limit
You’ll also need to enter:
- The price that you want to pay for 1 XCH
- The amount of XCH you want to buy
#4 Execute the trade
Once your trade has been executed, XCH will be credited into your account.
OKEx charges up to 0.1% for their trading fees.
This is slightly cheaper compared to Huobi!
As such, either OKEx or Binance will be a better choice compared to Huobi.
KuCoin is another exchange that you can use to buy XCH. However, you will need to transfer a cryptocurrency from another platform first.
This is because KuCoin does not support any fiat currencies!
How to buy Chia coin on KuCoin
Here’s what you need to do to buy XCH on KuCoin:
- Send USDT to the KuCoin Main Account
- Transfer USDT to the Trading Account
- Find the XCH/USDT trading pair
- Select the price and quantity to buy XCH
#1 Send your crypto to the KuCoin Main Account
KuCoin does not support any fiat currencies. To fund your KuCoin account, you will need to send a cryptocurrency from another platform.
As such, you should deposit USDT into your KuCoin account!
You will need to go to ‘Deposit‘.
You can use the dropdown menu to select USDT.
From there, you will be given a deposit address to send your crypto to.
If you are copying the address manually, you may want to double-check that it is the correct address!
#2 Transfer your crypto to the Trading Account
When you deposit your USDT into your KuCoin account, it will be transferred to your Main Account.
If you wish to trade your BTC to XCH, you will need to transfer it to your Trading Account!
#3 Find a suitable trading pair
After you’ve transferred your crypto to your Trading Account, you can go to KuCoin’s Spot Exchange.
The exchange may seem to be rather overwhelming.
You will need to go to the top left-hand corner to select the XCH/USDT trading pair.
#4 Select the price and quantity to buy XCH
After selecting the XCH/USDT trading pair, you can proceed to make the order.
KuCoin allows you to make 4 different orders:
- Stop Limit
- Stop Market
The last 2 things you’ll need to do is to:
- Select the price of USDT that you’d like to buy 1 XCH at
- The amount of XCH that you wish to buy
When your trade is completed, XCH will be credited into your account.
KuCoin charges up to 0.1% for the trading fees that you’ll incur on the platform, which is similar to Binance or OKEx.
The most direct way of buying Chia (XCH) is by buying either CRO or BTC on Crypto.com, and then trading it for XCH.
An alternative will be to buy BTC on Gemini, and then send BTC over to Huobi or OKEx to make the trade to XCH.
Although it is more troublesome, it could be more cost-effective because:
- You do not pay BTC withdrawal fees with Gemini Active Trader
- The trading fees of between 0.1 – 0.2% is rather low
If you are more familiar with how to transfer your cryptocurrencies, then this method may be better for you!
👉🏻 Referral Deals
If you are interested in signing up for any of the products mentioned above, you can check them out below!
Crypto.com Referral (Get up to $25 USD worth of CRO)
If you are interested in signing up for Crypto.com, you can use my referral link and enter the code ‘x2kfzusxq6‘.
We will both receive $25 USD worth of CRO in our Crypto Wallet.
Here’s what you’ll need to do:
- Sign up for a Crypto.com account
- Enter my referral code: ‘x2kfzusxq6‘
- Stake enough CRO to unlock a Ruby Steel card or higher
The amount of CRO that you need to stake depends on the card you wish to get, and the currency you are staking in.
You can read more about the referral program on Crypto.com’s website.
OKEx Referral (Receive USD $10 of BTC)
If you are interested in signing up for an OKEx account, you can use my referral link. If you make a crypto purchase of ≥ $100 USD via Buy / Sell, we will both receive USD $10 worth of BTC.
Here’s what you need to do:
- Sign up for an OKEx account
- Go to Buy/Sell to buy crypto from a variety of methods (e.g. Credit Card or PayNow)
- Buy ≥ $100 USD worth of crypto
- Receive $10 USD worth of BTC in your OKEx account
If you use OKEx’s Buy/Sell feature, you will be buying your crypto from a 3rd-party payment provider.
The fees may vary, but the $10 USD credit should be able to help to pay for your trading fees!
Are you passionate about personal finance and want to earn some flexible income?