Grin is an extremely privacy-centric cryptocurrency, currently running the MimbleWimble protocol: anonymous and scalable. Unlike other blockchains, this cryptocurrency’s fundamental focus is minimalism, which provides lightweight and efficient transactions with strong privacy features.
This unique approach gives confidential transactions and does not reveal the sender and receiver or the transaction amount. In embracing this sort of simplicity, Grin allows for more safety and scalability than many other blockchain systems.
Want to know how to get Grin and step into the world’s first privacy-first cryptocurrency? Here is how you can get started!
How to Buy Grin in 4 Easy Steps
There are a few really simple steps you will need to complete to get yourself Grin (GRIN).
Step 1: Choose a Crypto Exchange Platform
To purchase Grin, one needs to first select a reliable crypto exchange that supports the trading of Grin. Because Grin cannot be acquired directly from fiat currencies, you will have to convert it into some other cryptocurrencies such as USDT (Tether), Ethereum (ETH), or Bitcoin (BTC) at some other exchange. Thus, you have to look for those exchanges that provide secure and comfortable platforms for such conversion.
Some of the popular platforms from where you can buy Grin include Gate.io, CoinW, TradeOgre, and ViteX. Before you decide to buy Grin comfortably, consider the following aspects of the exchange: reputation, security standards, and trading costs.
Step 2: Register on any of the Platform
The next step involves creating an account on the chosen platform after selecting your favourite crypto exchange. This involves filling in your basic information such as your name, email address, and phone number. Most exchanges demand that you set up a strong password for security purposes.
The last step to confirm the registration will be to introduce yourself by using valid evidence of identity to the exchange. This evidence must be either a passport or driver’s license and must meet the KYC demands of the exchange. Once that is confirmed you can start trading on your activated account with no delay over buying and selling Grin.
Step 3: Buy The Cryptocurrency Using Your Feasible Payment Method
Then, after the verification of your account, you can buy Grin. Since Grin does not work with direct fiat, you will need to buy the first cryptocurrency: USDT (Tether), BTC (Bitcoin), or ETH (Ethereum) on the chosen exchange.
After you have funded via any valid payment channel, such as bank transfer, credit/debit card, or a crypto wallet, you should select the Grin trading pair e.g. GRIN/USDT on the platform. Enter the quantity of Grin you will purchase and confirm the trade. The exchange will then execute the trade for you, and Grin should arrive in your account.
Step 4: Store the Cryptocurrency in a Wallet
After purchasing Grin, it’s essential to store it in a secure wallet rather than keeping it on the exchange. To do this, select a wallet that supports Grin. Some of the popular wallets include Grin++ Wallet, Niffler, Ironbelly, and Wallet713.
First, download and install your chosen wallet, then generate a receiving address. Go to your exchange account, navigate to the “Withdraw” section, and paste your wallet’s address. Verify the details and confirm the transaction. Once processed, your Grin will be securely stored in your wallet, ensuring better security and control over your assets.
Also read: How to stake ICON
Popular video guides on buying Grin (GRIN)
Also read: 4 ways to avoid crypto pump and dump schemes
Where to buy Grin (GRIN)
Gate.io is one of the oldest exchanges for cryptocurrency. Founded by Lin Han in 2013, it remains today one of the best available exchanges. This exchange boasts over 1,400 listings of different cryptocurrencies and offers spot trading, margin trading, futures, and staking services. The site, like Gate.io, is much preferred due to its user-friendly interface and superior liquidity. Security features are also particularly well-emphasized on the website, with options such as cold storage and two-factor authentication (2FA).
Factsheet
|
Operational Since: |
2013 |
|
Deposit Methods: |
PayPal, Debit/Credit, UPI, Crypto |
|
Deposit Fees: |
None |
|
Cryptos Listed: |
500+ |
|
Trading Fees: |
0.2% per trade |
|
Fiat Currencies Supported: |
Multiple, including USD, EUR, and GBP |
|
Trustworthiness: |
Safe and Reliable |
Founded in 2017, CoinW has become one of the world's leading cryptocurrency exchanges, offering hundreds of digital assets for trading today. With this exchange, security is the absolute focus, and it has features such as multi-signature cold wallets, strict KYC protocols, and more to keep users secure. Services at CoinW include spot trading, futures, and staking, appealing to both novice traders and seasoned veterans. The platform is easy to use and has very competitive fees, supports a variety of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and stablecoins like USDT. The network also has a strong global presence with millions of clients coming from various geographies.
Factsheet
|
Operational Since: |
2017 |
|
Deposit Methods: |
OTC Desk, Debit and Credit card, P2P |
|
Deposit Fees: |
Free for cryptocurrencies |
|
Cryptos Listed: |
1000+ |
|
Trading Fees: |
Depends upon the VIP level from (0.01% to 0.2%) |
|
Fiat Currencies Supported: |
40+ |
|
Trustworthiness: |
Safe and Reliable |
In 2019, ViteX launched as a fully decentralized, cryptocurrency-only exchange running on the Vite blockchain. Founded by Richard Yan and his team at Vite Labs, this exchange allows for safe, fast, and commission-free trading because of its distinctive DAG-based consensus model. A smart contract power-driven exchange for maximum transparency and decentralization, ViteX supports multiple types of trading pairs and even allows users to stake their VITE tokens for rewards. ViteX, therefore, is all about a decentralized governance and voting system that empowers the community.
Factsheet
|
Operational Since: |
2019 |
|
Deposit Methods: |
Cryptocurrency |
|
Deposit Fees: |
None |
|
Cryptos Listed: |
15+ Coins and 29 Trading Pairs |
|
Trading Fees: |
0.20% |
|
Fiat Currencies Supported: |
None |
|
Trustworthiness: |
Safe and Reliable |
Frequently Asked Questions
Where Can You Buy Grin With A Credit Or Debit Card?
You cannot purchase Grin with a credit or debit card as it is not readily available for trade with fiat currencies. However, you can acquire exchangeable cryptocurrencies, for example, USDT, Ethereum (ETH), or Bitcoin (BTC), on trading platforms such as Gate.io, and CoinW.
Then you can readily trade these cryptocurrencies for Grin on an exchange like Gate.io, CoinW, or TradeOgre. You will be able to access Grin using a two-step process without directly undergoing a fiat-to-Grin transaction, thereby making this cryptocurrency investment more accessible to you.
What will you need to buy Grin?
To buy Grin you’ll need a few basic items to smooth out the transaction process.
- Main Crypto: Grin is a swapping coin, so to begin with, you need to obtain a primary cryptocurrency first, like Bitcoin BTC or Ethereum ETH.
- Verified Exchange Account: Verify an account on a crypto exchange. They always insist that proof of identity be provided for security purposes.
- Payment Method: Use a debit or credit card to buy the main cryptocurrency.
- Crypto Wallet: To complete the process, you have to install a compatible crypto wallet that will help you store your Grin safely after the transaction.
What is the easiest way to buy Grin?
Buying Grin (GRIN) is most accessible when you have cryptocurrency exchange accounts which enable the swapping of popular cryptocurrencies. Because it can not directly be bought using fiat money, obtain USDT, ETH, or BTC first, and once you have one of these, you can easily swap your crypto for Grin on Gate.io, CoinW, TradeOgre, or other exchanges. This method is simple and therefore easy to buy.
Best wallets to store your Grin (GRIN)
For storing your Grin (GRIN), you may use the following wallets:
- Grin++ Wallet: This wallet is specifically friendly and designed in particular for use by people, with features such as a user-friendly interface and direct exchange support.
- WalletGenerator: It is a secure, offline wallet allowing one to generate Grin wallets without ever having to connect to the internet.
- Keystore: These are web-based wallets that also come along with easy access and an option for backup, which is suitable for securely using your Grin coins.
