If you use a card on Coinbase, your fees will be higher, but your purchases will be instant. It is cheaper to use bank transfers, but it is slow – it can take up to a week to get your coins. Transfer your newly purchased BTC or ETH from your wallet to one of the exchanges listed below. Yes, you can do that easily by using Binance to exchange bitcoins for ChainCoin. Cryptocurrency Exchanges are always on hackers radar, so it’s always safer to keep your cryptocurrency in a wallet.
There are 57 local currencies and 60 payment methods available, making Huobi Global one of the easiest platforms for buying $YCC coins. The Yuan Chain Twitter account has 1,450+ followers. Many crypto community projects have hundreds of thousands of followers.
The last Yuan Chain post on Reddit is three years old. The LinkedIn account has 80+ followers, and 350+ people follow the Facebook page. It’s a real challenge to quantify the purpose and legitimacy of this coin, and, with a seeming lack of community support, these concerns are hard to ignore. Europeans can use BitPanda to buy bitcoins or ethereum with Skrill. Ethereum or BTC can then be converted into ChainCoin on Binance.
Your account could also get hacked, which is why it’s important to use 2FA. No matter what people say, it’s easy to buy ChainCoin with a credit card. However, you still need to follow a few steps to do it – that’s why we made this easy tutorial for you! It is separated into parts – just follow the one that matches your purchase method.
For some exchanges there is depth percent it shows how much liquidity is available, live bids 2% up or down from the current price. The list is sorted by 24-hour volume and CL trust rating. Different pairs are listed separately with the corresponding volume. The cheapest way to do it is to buy bitcoins with bank account (or ChainCoin directly with bank account) and exchange the BTC for ChainCoin. Your first step will always be buying Bitcoins or Ethereum with your credit card. We cannot provide investment advice, and we advise caution before investing in cryptocurrency.
After purchase, store your $YCC tokens securely in a cryptocurrency wallet, like the Huobi wallet or an off-ramp wallet of your choice. Buying Yuan Chain Coin (YCC) for funds from your bank requires a 2-step process. We also gather additional information from different sources to ensure we cover all necessary data or events. The below table shows all exchanges where you can buy CHC crypto.
Since Coinbase needs to verify your account, you have to give them your phone number, upload an image of your photo ID and verify your card (credit or debit) or back account. If Binance is not available in your jurisdiction, view our list of exchanges that sell BTC or ETH for Government issued money. You cannot mine ChainCoin as it has a different network structure than Bitcoin.
How and Where to Buy Yuan Chain Coin (YCC)
Enter your name (it has to be exactly the same as it’s written on your photo ID), email, password and location. The information on the Yuan Chain website seems plausible, but the complexity of the website wording leaves readers with more questions than answers. There’s no mission statement, no mention of the leaders or the team. The website lacks the fundamental elements that help crypto enthusiasts gain trust and belief in a project. There may be some confusion that Yuan Chain Coin (YCC) is the proposed DCEP, the digital currency used by the People’s Bank of China. If you are planning to trade crypto, please consult a financial adviser.
- Transfer your newly purchased BTC or ETH from your wallet to one of the exchanges listed below.
- The best place to store the crypto you have bought is in wallets outside the exchange.
- If you want to exchange it to regular currency, trader CHC for bitcoin and exchange BTC into dollars, euro, or other currencies.
- The Yuan Chain white paper is in Chinese, so no help there.
- The Yuan Chain Twitter account has 1,450+ followers.
When Ethereum appear in your new exchange account (it may take a few minutes), you are read to trade it for CHC in the new the exchange. The details of finding the address can be different depending on the website, but it’s usually easy and simple. Select ‘Ethereum’, and enter how much money you want to spend/how many coins you want to buy in the windows on the bottom of the page.
If you want to buy with cash, you will have to buy bitcoin first and then exchange bitcoins for CHC using a service like Binance. You cannot directly buy ChainCoin with PayPal at this time. If you wish to use PayPal, you will have to buy bitcoin first and then exchange bitcoins for CHC by using a service like Binance. After you have opened an account at one of the exchanges from the above list, you should find your ETH wallet address.
Current YCC price and historical price chart
To buy Ethereum from Coinbase – which you will exchange for ChainCoin (CHC) later – you have to create an account at Coinbase. The Yuan Chain white paper is in Chinese, so no help there. The “News announcement” page on the Yuan Chain website has no historical or current data. Most exchanges need a minimum $50 deposit to exchange it for crypto.
How and Where to Buy Yuan Chain Coin (YCC)?
Binance and Changelly are good places to exchange your CHC to any other cryptocurrency. If you want to exchange it to regular currency, trader CHC for bitcoin and exchange BTC into dollars, euro, or other currencies. You should store your ChainCoin in a secure wallet. Leaving ChainCoin on an exchange just puts you at risk of losing money if the exchange gets hacked.
If you wish to invest in Yuan Chain Coin (YCC), Huobi Global is a reliable cryptocurrency exchange that lists $YCC tokens. $YCC may be a scam, in fact, we’d strongly suggest that you only invest what you’re willing to most probably lose (which should be $0 in reality). It’s a CBDC (central bank digital currency), a fiat currency that sits on top of a blockchain or comparable distributed ledger technology (DLT). The best place to store the crypto you have bought is in wallets outside the exchange. The first choice is a hardware wallet, and then you can go with the official coin wallet and third-party software wallets. The Idea Chain Coin price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.
To check Idea Chain Coin’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. The fastest way is to buy ChainCoin with a credit card, but you will be charged higher fees. Even if some ATMs support ChainCoin, they are less than 1% of all cryptocurrency ATMs. Transfer Ethereum from your Coinbase account or any other account/wallet where you keep your ETH to the receiver/deposite ETH address from the step #3.
The process of trading depend on the exchange, but it’s largely similar across the platforms. Exchanges are listed in the descending order of trade volume (that is, how much trading happens on those sides). Coinbase is regulated by the US government and follows strict financial rules. It takes some time and effort, however, this makes Coinbase the reputation of the must trustworthy way to convert regular currency into cryptocurrency. Secondly, Yuan Chain Coin is NOT a CBDC, but it’s easy to believe that it is. The Yuan Chain platform seems to have been around since 2018, but there’s no historical project information on the website.