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$47.24 4.34%
4.34%
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What is Chia?

Chia (XCH) is a layer 1 blockchain that uses a unique consensus mechanism known as Proof-of-Space-and-Time (PoST). This mechanism, combined with Chia's custom-designed programming language, Chialisp, is designed to be more energy-efficient than the traditional Proof of Work (PoW) or Proof of Stake (PoS) algorithms.

  • Rather than relying on centralised computational power, Chia uses a process known as “farming”. Where users allocate unused hard drive space to the Chia Network, reward scales depending on the amount of space shared.
  • Chia Network has its own programming language called Chialisp. An on-chain programming language that is smart contract-compatible and takes the key components of ETH, Solidity and Bitcoin to allow for simultaneous transactions instead of sequential.
  • XCH is the native token of the Chia network, it is used for transaction settlement, platform governance and staking to secure the network.

With an aim to offer a more energy efficient and sustainable consensus model, Chia’s novel PoST looks to improve upon the widely used PoW and PoS mechanisms. While Chialisp allows developers to seamlessly deploy dApps with familiar fundamentals.

How do I swap Chia?

Enter amount to swap
Select the quantity of Chia you would like to swap.
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Select the coin you would like to swap with.
Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Chia

Why Should I Trade XCH with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell Chia no matter what your trading experience is. Unlike other international and Australian Chia exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Chia with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Chia how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Chia?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Chia for free.

Cold Storage

If you are holding Chia as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Chia. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Chia. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Chia has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Chia is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Chia exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Chia & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Chia safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Chia portfolio here.
Yes! With CoinSpot you can convert your Chia to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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