If you have any interest to buy Chives Coin (XCC), you will be required to have either Bitcoin abbreviated as (BTC) or Ethereum (ETH) for trading purposes. I have reviewed the major cryptocurrency exchange Binance in this post to help you determine the best sites to buy cryptocurrency using a credit card or bank account. Take a read and get tips on the best cryptocurrency trading.
Step 1: How to create a Binance account:
1.1 Visit Binance’s Website (https://www.binance.com/en)
There have been several phishing cases reported over the past years that are imitations to the original site, it is essential to scrutinize the URL to the website keenly. First, be on the lookout for the ‘Secure’ certificate that should pop up in your address bar and that acts as a confirmation of the site’s genuineness. Second, to be extra safe while trading on the platform, ensure to bookmark the authentic site to evade any confusion in future searches.
1.2 Fill in your trading details
You have to fill in your details by going to the ‘’Register” tab found in the right-hand corner of the website’s page and fill in your trading details. For instance, you will need to fill in your mobile number or you choose to use your email address. For the email address, it is necessary to use your main email that you can access easily and the most secure one since you will need it to sign in to your Binance account always.
You also need to choose a strong password for your email; a strong password should comprise a mix of numbers, symbols, upper and lower-case letters. You will receive a 6-digit code via the email you provided as your account’s verification code and for completing the registration process.
1.3 Allow 2FA-Two-factor authentication (Optional)
To make your account more secure you need to allow use of a two-factor authentication after your first log in. Trust me; it is vital to set up the 2FA because it makes your account more secure from any hacking activity!
Every time you log in with the two-factor authentication, you will need to provide a unique code once your type in your email and password. To get your unique code, use the Google authenticator app downloaded into your smartphone.
Step 2: Buying your first Bitcoin (BTC)
To send money to your Crypto wallet account on Binance either directly via your bank account through SWIFT money transfer or you can opt to use your debit/credit card. For this part, I will guide you on how to use your credit card.
Binance previously didn’t allow the use of credit or debit cards on its platform, but the same has been introduced. Binance partnered with Simplex to allow its users to use their credit and debit cards to buy Bitcoin or Ethereum. This has led to faster Crypto transaction speeds, low transaction charges, and more transaction flexibility.
I highly recommend buying Bitcoin first and then trading it for the right amount of Chives Coin (XCC).
It is easy to purchase Bitcoins via your credit card but I will elaborate on best ways you can do it step-by-step to make sure you understand all the trading nitty-gritty.
- Move your mouse’s cursor to ‘Buy Crypto’ tab found on the top bar and activate the dropdown menu. Then choose the currency, For instance, US Dollars, and click the ‘Credit/Debit Card’ to lead you to the next step.
- You be led to the next page; in this page you will see options to choose the desired Bitcoin (Select BTC), and the amount you need to spend to buy your choice Bitcoin amount. The total amount you need to spend will be displayed according to the Bitcoin amount you request and the matching market price at that time (inclusive of all fees). However, you can choose to first set the total charge then the system will automatically calculate the order amount for you.
- Fill in your credit card details and personal information too. Once done, you need to click “Pay now” and give it a moment to verify your details.
- You will be required to verify your email and phone number if it happens to be your first simplex payment via a code send through your email or an SMS. Complete the verification process by opening the link in your email and type in the code you receive via SMS. Once you do all the above, you can click “Continue”.
- Verification of identity follows next via the use of an official document. Basically upload your identification document photo accompanied by your personal details and click the “Upload Document” tab.
Lastly, your personal document will be approved once verified by the system and an email send to show the confirmation of order purchase. Subsequently, your Binance account is credited with the purchased BTC or Ethereum.
Step 3: Transfer Your Cryptos to an Altcoin Exchange Lbank
Now let us buy Chives Coin (XCC) using your investment from Binance.
But, remember that, not every crypto can be traded in Binance we need to transfer our coins to an exchange that Chives Coin (XCC) can be traded.
ButI will guide you to LBANK a famous exchange to trade altcoins. We will use the link below to register your new account.
Once you have completed similar processes as we’ve done before with Binance you are ready to transfer your Bitcoins.
Step 4: Depositing BTC to Exchange
If you have created your trading account setup at one of the exchanges that trades Chives Coin (XCC), you will need to transfer your BTC from Binance to that specific exchange.
You will have to use a wallet system for that. Next, deposit BTC to lbank, place your cursor on “Wallet” on the top right menu and click “Spot Wallet”. Look for the search box, type “BTC”, click deposit and copy the given “Deposit Address”.
The process may be a little difficult but don’t worry, it is easier than a bank transfer. Once you copy your unique BTC wallet address go back to Binance.
Then move your cursor to “Wallet” on the right hand side of the topbar and once the popup shows up, click on “Fiat and Spot (Deposit & Withdrawal)”. Look for BTC in the list and click on “Withdraw” on the right hand side.
Next, you have to paste the deposit address you just copied from the other exchange and select BTC as the transfer network. Type the amount that you want to withdraw (you may click the Max button if you want to withdraw all). After that, click on the Submit button to begin with the withdrawal process. To proceed with the withdrawal, Binance request for your 2FA code and also you will have to confirm the withdrawal with an e-mail.
That is all you need to do, now you should wait shortly so that the blockchain to confirm your transaction.
Step 5: Trading Chives Coin (XCC)
You can now go back to Bitmax to buy Chives Coin (XCC) with the Bitcoins you sent.
You just need to move your mouse over to trading and then click standard under cash trading. Then look in left column make sure to select “BTC” pair and in the search bar type in “XCC”.
If you have moved your coin click on it and now you will see a price table of XCC/BTC at the center of the page. Then select the “Market” button as it is the easiest way of buying orders. Also, you can either type in your amount or choose what portion of your BTC deposit you would like to spend on buying, by clicking on the percentage buttons.
If you have confirmed everything, click “Buy XCC”. Now you own your XCC!
Other Exchanges to Buy Cryptos
The following are other sites you can buy from these exchanges:
HotBit (Which permits US investors)
MXC (This exchange allows US investors)
On top of the above-listed exchanges, there are some more common crypto exchanges where daily trading volumes and a huge user base is available. This helps to ensure that you can sell your coins any time you want and the charges for the trading are not high. It is recommended that you should also register on these exchanges because whenever Chives Coin gets listed there it give the traders who have already registered a large amount of trading volumes, that means you will be provided with some great trading opportunities!
Final Step: How to Store Chives Coin securely in hardware wallets
1. Ledger Nano S
- Easy to set up and has a friendly trading interface.
- Allows use on desktops and laptops
- Lightweight and Portable too
- Has been designed to Support most blockchains and a wide range of (ERC-20) tokens
- Has many trading languages.
- Designed by a well-established company found in 2014 with great chip security
- It is not expensive but can be acquired at affordable price
2. Ledger Nano X
- It made with a more advanced and secure element chip (ST33) than Ledger Nano S
- Has an easy design that allows the use on desktop or laptop, or even smartphone and tablet through Bluetooth connection.
- Also Lightweight and Portable and has a built-in rechargeable battery
- Has a Larger screen
- Comes with more storage space compared toLedger Nano S
- It supports most blockchains and wide range of (ERC-20) tokens
- Provides several languages for every customer
- It was designed by a famous company found in 2014 with great chip security
- Can be obtained at an affordable price
If you still have plans to stay at hodl” as some people call it, basically misspelt “hold” (which become famous as time passes) your Chives Coin for some long time, you need to find ways to ensure it stays safe safe,
However Binance is the most safe cryptocurrency exchange, in the past few years there have been hacking incidents and funds were lost. Because of the design of the wallets in exchanges, they will be accessible always via the internet (“Hot Wallets” as they are called), therefore exposing certain aspects of weaknesses.
Thus safeguard your cryptos by putting them in “Cold Wallets”, where the wallet will only have access to the blockchain(or simply “go online”) when you send out funds,. This reduces the chances of being hacked. For example, use a paper wallet which is a type of free cold wallet. It can also be defined as an offline-produced pair of public and private address and that you write on a paper for keeping safely with you. But, it is not permanent and may be faced by certain risk.
Thus, Hardware wallet is therefore the best compared to cold wallets. Since they are usually USB-enabled devices that can hold the key information of your wallet in the safest manner. Also they are designed using military-level security and their firmware’s are continuously upgraded by their manufacturers and this makes them extra safe to use. For example, Ledger Nano S and Ledger Nano X and are most common hardware wallets, you can buy one at $50 to $100 depending on the specifications they have. I highly recommend these for holding your assets because these wallets are a worthy every penny according to my experience and opinion.
Frequently Asked Questions
Is it possible to buy Chives Coin with cash?
The answer is No. Because there is no way you can directly buy Chives Coin with cash. But, using marketplaces such as LocalBitcoins to first buy Bitcoin, and completethe rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
How do I Buy Bitcoin from local sellers?
You can go to LocalBitcoins that is a peer-to-peer Bitcoin exchange. It is more of a marketplace where users can buy and sell Bitcoins to and from each other. Users, known as traders, make advertisements to show their price and the payment method they want used. Then buyers buy from the traders to buy from sellers in a particular nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when it is impossible for you to find your favorite payment methods somewhere else. The site’s prices are high and you have you have to be extra careful to avoid conmen.
What are the quickest ways I can buy Chives Coin while living in Europe?
While in Europe you have the advantage of buying cryptos in an easy and quick way. Because Europe has even online banks which help buyers to simply open an account and transfer money to exchanges such as Coinbase and Coinmama. Such banks which are common as online banks in Europe are Bunq, N26 and Revolut.
Can I use alternative platforms to purchase Chives Coin or Bitcoin with credit cards?
Yes you can, you just need to visit Changelly which an easy to trade in site especially when it comes to buying Bitcoin with credit cards. It provides an automatic cryptocurrency exchange that gives a buyer the opportunity to exchange crypto fast and buy them using credit card. It has been designed to allow users to have easy crypto buying since it has a simple user interface and provides instructions that are easy to follow too.
What Is Chives (XCC)?
Chives is a proof-of-space-and-time (PoST) blockchain platform that says its goal is to be a green alternative to PoW cryptocurrency. While most PoW blockchains are secured by energy intensive mining processes, Chives uses a much greener process than your average PoW algorithm.
Chives was released on June 30th, 2021 and the binary file for mining was released on July 5th, 2021. Chives is a branch of CHIA XCH. The farmers on Chives XCC, can use free hard disk space to mine 90% of chives openly, fairly and transparently.
While Chives XCC is a layer 1 blockchain, it is also already building a second-layer network. The second-layer network will be backed up by Master Nodes, similar to networks like DASH. The Master Nodes (also known as the full nodes), will not participate in mining activities, but will have the function of allowing instant transactions, decentralized management and budget decision-making. Master Nodes are scheduled to be released on the network in the next 12 months.
The remaining 10% of the block reward is used to build a healthy and complete Chives community environment. The allocation of the 10% fund will be decided by the Master Nodes, which will vote to fund projects that positively contribute to the Chives network as a whole.
The team behind the Chives XCC blockchain are already issuing some compelling use cases for its technology, like the launch of NFT gaming projects.
July 2021 already saw the launch of its blockchain explorer which followed the launch of its proprietary wallet.
To learn more about Chives XCC, read on to find out who the Founders are, network security, tokenomics and future projects.
Who Are the Founders of Chives?
Chives XCC was founded by crypto-enthusiasts, E. Savenkov, Y. Zikun, T. Box.
Any charitable actions or plans from the Founders?
Chives XCC is developing an environmental initiative together with The Chia plot and other Forks. This initiative will be funded through donations from the Chives XCC community funds. The initial forecast for this project is of 10,000 XCC, donated on a monthly basis, to initiatives such as https://edenprojects.org/ and/or https://water.org/ (the final beneficiary of the donations will be subject to a vote by the network members, once all the legal details of this project will be concluded.)
What Makes Chives Unique?
Chives XCC is unique as it was built with the following in mind:
Listen to what the Blockchain community wants
Analyse what works
Discover what the community loves and what they believe in when it comes to their favourite projects.
The project is based on a Proof-of-Space consensus similar to famous projects like Chia. In comparison, Chives XCC has actually come out with a 0 Pre-mine, NO ICO and a smaller Plot size to truly be the greener option for crypto mining. By having smaller plot sizes you can avoid putting any stress on hardware like SSDs or HDDs during the plotting process as the entire cryptography process is done on RAM memory.
Chives XCC is working on implementing smart contracts, it’s launching an NFT game and also a Master Node system.
How Many Chives (XCC) Coins Are There in Circulation?
There is no maximum supply of Chives XCC and at the time of writing, there was a circulating supply of about 129,600,000.
There was no pre-mine or ICO and have a block issuance of 18.75 seconds with a block reward of 200 XCC.
There are two stages in the Block Rewards distribution:
90% is allocated to miners/farmers (180 XCC) and 10% to a community fund used for the development of the network (20 XCC)
45% is allocated to miners/farmers (90 XCC), 45% is allocated to Master Nodes (90 XCC) and 10% to a community fund used for the development of the network (20 XCC)
The network will also undergo a halving every 3 years all the way to a block reward of 12.5 XCC per block from the 13th year.
How Is the Chives XCC Network Secured?
Chives XCC is secured through a green PoST protocol.
The project, at the time of writing this, is secured by over 6,400 miners/farmers with a network space of 271 PB. While the blockchain is a fork of Chia XCH, unlike other forks, the Chives XCC fork is unique in the way that farmers on the Chia network or any other forks of Chia cannot use the plots/network space on the Chives blockchain. This offers a higher level of security to the Chives XCC network, reducing the risk of a 51% attack. An additional security measure against attacks on the blockchain, Chives XCC is actively working on the development of Master Nodes.
The Master Nodes will be backed by Chives XCC collateral, and have the sole purpose of advanced services, governance and security by holding full copies of the blockchain on them.
As there are incentive mechanisms in place to reward miners/farmers and Master Nodes, this means that participants in the smooth operation of the network are rewarded for their involvement.
What Is Chives Farm?
The Chives Farming Game will be a play to earn concept, taking inspiration from games like Pokemon and Axie. It will have a custom story line and features adapting it to something unique for our community.
If you’re familiar with play to earn games like Axie, you will be glad to know that we will have features like breeding, battle, trading and renting available for all players participating in the growth of this game. Should you have multiple pets, you can rent them out to others for additional passive income. Rental to other players will bring an extra income divided into a 20/80 or 30/70 model. Should you want to trade, a Marketplace will be available for you too.
Chives Farm will have six different Pet races to begin with and each race will have at least 6-8 different development paths. Each development path will also be divided in 10 different variations, this will allow for a very high variation of pets. The evolution of the Pet levels is very complex and there will be a whole set of mechanisms to ensure the growth and development system alongside the economic system.
Where Can You Buy Chives (XCC)?
As a new cryptocurrency in this vast crypto universe, Chives XCC is only listed on two exchanges at the time of writing this article. You can currently buy Chives XCC on the LBank exchange and also on their own p2p exchange at chivescoin.net .
The current trading pair on LBank will be XCC/USDT while the p2p exchange at ChivesCoin.net will have a number of pairs available, and these include but are not limited to: XCC/USDT , XCC/HVQ and XCC/XCH .