Crypto Invest

4 Ways You Can Buy Chia Coin (XCH) In Singapore

How To Buy Chia coin in Singapore

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:

  1. Crypto.com (App)
  2. Huobi
  3. OKEx
  4. KuCoin

This is a summary of all of the platforms,

PlatformTrading Fees
Crypto.com
(App)
None (but spread 
may be higher)
HuobiUp to 0.2%
OKExUp to 0.1%
KuCoinUp to 0.1%

and here is each exchange explained in-depth:

Crypto.com (App)

Crypto.com is a crypto platform that offers Xfers support. This helps to make trading crypto more accessible from Singapore.

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:

  1. Go to Crypto Wallet
  2. Scroll down and find XCH
  3. Click on ‘Buy XCH’
  4. Select your payment method
  5. Confirm the trade

#1 Go to Crypto Wallet

You’ll need to access your crypto wallet on the Crypto.com app.

Crypto.com Crypto Wallet

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.

Crypto.com App Find Chia Coin

You can use the search function to find XCH, as there are quite a lot of currencies available on the app!

Crypto.com App Use Search Function

#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.

Crypto.com App Buy XCH Page

#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.

Crypto.com App Buy XCH Credit Card

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.

Crypto.com App Buy XCH Crypto Wallet

You can only buy XCH using either CRO, or BTC.

3. Fiat wallet

The final way that you can buy XCH on Crypto.com is via a fiat wallet.

Crypto.com App Buy XCH 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:

  1. BTC
  2. ETH
  3. BCH
  4. LTC
  5. XRP
  6. CRO
  7. BNB
  8. XSGD

If you want to buy XCH with SGD, here are the steps that you’ll need to do:

  1. Purchase CRO or BTC with SGD from your fiat wallet
  2. 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.

Verdict

Here are the fees that you’ll incur with Crypto.com:

Type of FeeAmount
Deposit Fees
(SGD)
None
Trading FeesNone
Withdrawal
Fee (SGD)
0.4% per
withdrawal (Xfers)

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.

The currency that you should buy is Bitcoin or Ethereum, which would have the most number of trading pairs.

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.

Gemini SGD Trading Pairs

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.

Gemini No Withdrawal Fee

Huobi

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:

  1. Deposit a cryptocurrency into Huobi
  2. Select a trading pair
  3. Select the type of order you wish to make
  4. 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‘.

Huobi Balance 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.

Huobi Deposit Cryptocurrency

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‘.

Huobi Spot Trading

You’ll be brought to Huobi’s exchange platform.

Huobi Exchange Platform

You’ll need to find a trading pair with XCH, which can be done at the left hand side of the platform.

Huobi XCH Trading Pairs

Here are some of the trading pairs on Huobi:

  1. XCH/USDT
  2. XCH/BTC

#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:

  1. Limit
  2. Market
  3. Stop-Limit
  4. 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.

Huobi Buy XCH From BTC

Once the trade has been executed, XCH will be credited into your account.

Verdict

Here are the fees that you’ll incur when trading with Huobi:

Type of FeeFee Amount
Trading FeesFrom 0.20%
XCH Withdrawal Fee0.0005 XCH

The fees are pretty reasonable, but there may be exchanges with cheaper fees.

OKEx

OKEx is another crypto exchange that you can consider buying XCH from.

Here’s how you can buy XCH on OKEx:

  1. Deposit USDT or BTC into OKEx
  2. Select a trading pair with XCH
  3. Enter the details of your trade
  4. Execute the trade

#1 Deposit BTC or USDT into OKEx

You’ll need to go to ‘Assets → Deposit‘,

OKEx Assets Deposit

and then select either of the 2 currencies to deposit.

OKEx Deposit BTC ETH USDT

#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‘,

OKEx Select Basic Trading

which brings you to OKEx’s trading platform.

OKEx Trading Platform

You will need to select a trading pair with XCH from the search bar:

OKEx XCH Trading Pairs

#3 Enter the details of your trade

You are able to make 5 different types of orders you can make on OKEx:

  1. Limit
  2. Market
  3. Stop
  4. Trigger
  5. Advanced Limit
OKEx Buy XCH From BTC

You’ll also need to enter:

  1. The price that you want to pay for 1 XCH
  2. 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.

Verdict

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

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:

  1. Send USDT to the KuCoin Main Account
  2. Transfer USDT to the Trading Account
  3. Find the XCH/USDT trading pair
  4. 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.

KuCoin only supports the USDT trading pair with XCH.

As such, you should deposit USDT into your KuCoin account!

You will need to go to ‘Deposit‘.

KuCoin Select Deposit

You can use the dropdown menu to select USDT.

KuCoin Select BTC or USDT To Deposit

From there, you will be given a deposit address to send your crypto to.

KuCoin Deposit USDT Address

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.

KuCoin Different Accounts

If you wish to trade your BTC to XCH, you will need to transfer it to your Trading Account!

KuCoin Transfer USDT To 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.

KuCoin Access Spot

The exchange may seem to be rather overwhelming.

KuCoin Spot Trading Platform

You will need to go to the top left-hand corner to select the XCH/USDT trading pair.

KuCoin Buy XCH From USDT

#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:

  1. Limit
  2. Market
  3. Stop Limit
  4. Stop Market
KuCoin Buy XCH From USDT Trade

The last 2 things you’ll need to do is to:

  1. Select the price of USDT that you’d like to buy 1 XCH at
  2. The amount of XCH that you wish to buy

When your trade is completed, XCH will be credited into your account.

Verdict

KuCoin charges up to 0.1% for the trading fees that you’ll incur on the platform, which is similar to Binance or OKEx.

Conclusion

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:

  1. You do not pay BTC withdrawal fees with Gemini Active Trader
  2. 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 $45 USD worth of CRO)

If you are interested in signing up for a Crypto.com account, you can use my referral link and enter the code ‘x2kfzusxq6‘.

Here’s how you can get up to $45 USD worth of CRO in your Crypto Wallet:

TaskCRO Reward
Stake enough CRO to unlock a Ruby
Steel Crypto.com Visa Card or higher
USD $25
Spend a minimum of USD 100
for your first transaction
with the Crypto.com Visa Card
USD $10
Buy/sell a total of USD 500 of crypto
in the Crypto.com App within
30 days after you pass KYC
USD $10

You will need to stake enough CRO (in the equivalent amount in your home currency) to unlock a Ruby Steel card or higher.

You can read more about the referral program on Crypto.com’s website, and the additional referral bonuses here.

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:

  1. Sign up for an OKEx account
  2. Go to Buy/Sell to buy crypto from a variety of methods (e.g. Credit Card or PayNow)
  3. Buy ≥ $100 USD worth of crypto
  4. 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.

OKEx Credit Card Payment Providers

The fees may vary, but the $10 USD credit should be able to help to pay for your trading fees!


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