Last update: Jun 6, 2022

How to Buy Chromia (CHR)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Chromia. Depending on where you’re based, you’ll have a few cryptocurrency exchanges to choose from.

In this guide, we not only cover the top 3 global cryptocurrency trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Chromia

How to Buy Chromia – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Chromia of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency exchanges.

4. Buy Chromia

Now that you have what you need to buy Chromia, head over to the market or buy section of the cryptocurrency exchange and buy some CHR.

If the crypto exchange doesn’t have any Chromia on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Chromia first), and trade your Ethereum for Chromia.

Where to Buy Chromia (CHR)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Chromia

  1. Sign into the cryptocurrency exchange where you bought Chromia.
  2. Move your Chromia to the right place on the crypto exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Chromia.

 

Crypto trading

How to Buy Chromia (CHR) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Chromia in Australia, the process remains the same:

  1. Find a crypto exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Chromia if it’s available. If the exchange doesn’t have Chromia. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Chromia), and trade your ETH for Chromia.

Also, take a look at our analysis of the best bitcoin trading platforms in Australia for those looking to learn more about which exchanges we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Chromia (CHR) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Chromia in Canada, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Chromia if it’s available. If the exchange doesn’t have Chromia. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Chromia), and trade your ETH for Chromia.

Or, if you’d like to know more about which exchanges we recommend, look at our comparison of the cryptocurrency trading platforms in Canada.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Chromia (CHR) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Chromia in the UK, the process remains the same:

  1. Find a cryptocurrency trading platform below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Chromia if it’s available. If the exchange doesn’t have Chromia. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Chromia), and trade your ETH for Chromia.

Also, check out our comparison of the best cryptocurrency exchanges in the UK If you’re interested in learning more about which exchanges we would recommend.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Chromia? CHR Rundown

Chromia is an open-source public blockchain developed by the Swedish company Chromaway AB. In May 2019, the Chroma token (CHR), was launched. The technology behind Chromia's blockchain is adapted form an older technology called 'Postchain' that was provided by Chromaway AB to enterprise clients.

Chromia is a standalone layer-1 blockchain and an EVM compatible Layer-2 addition for Ethereum and Binance Smart Chain. It's designed to improve existing dApps, as well as allow for the creation and maintenance of next-generation dApps.

Rell is a programming language that uses a unique architecture, called relational blockchain. Rell can code and function in a similar way to SQL. This allows developers to take advantage of the immutability and security of blockchain, while still storing and managing data efficiently with relational databases.

Each dApp that runs on Chromia has its own sidechain, which is rooted on the main blockchain. Each application can scale faster and each developer has the option to choose from many fee structures. One application might require that users pay transaction fees in CHR, similar to the way Ethereum and Bitcoin work. However, another application could stake enough of CHR to reserve computational power and allow users to make unlimited transactions with no fees.

Chromia already has many applications that are built upon their blockchain. They use their chain as a decentralized storage platform and their Layer-2 enhancements. These applications include the DeFi options trading platform Hedget and open-world farming game My Neighbor Alice to government land registry initiative LAC PropertyChain.

A new NFT standard, Chromia Originals is in development. It will be used as both a native standard on Chromia's Chain and as an enhancement layer for existing ERC-721 or BEP-721 tokens. These Layer-2 enhancements are being created in collaboration with My Neighbor Alice.

Related:

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.