Grin is cryptocurrency that has broken into the cryptosphere just a few weeks back.
If you aren’t aware of it, then I must say you are being too lazy.
Grin crypto is based on MimbleWimble protocol- a protocol initially developed to solve the Bitcoin’s privacy and fungibility problem.
And as always, anything that’s proposed for Bitcoin doesn’t get implemented directly because Bitcoin devs follow a very conservative approach to safeguard Bitcoin’s core protocol.
To give you an idea about the conservatism and the difficulty of arriving at a consensus for implementing changes on Bitcoin, you may take the case of Segwit which was still a soft fork.
While on the other hand, MimbleWimble will require a hard fork and significant updates in the Bitcoin’s core code that’s why one has to take steps cautiously, and that’s what Bitcoin dev has been doing.
While on the other hand, Tom Elvis Jedusor proposed MimbleWimble in July 2016 and later decided to launch a cryptocurrency based on MimbleWimble, i.e., Grin
So, as a result, we have got Grin cryptocurrency which is an open source MimbleWimble implementation started recently.
Grin mainnet was launched on January 15th, 2019. It’s very young, and experimental cryptocurrency developed openly, by developers distributed all over the world.
But speculations are prevalent in the market that it is much better, secure and anonymous digital cash then Monero or Zcash and that’s why there are many interested buyers of Grin cryptocurrency.
And as it is recently launched not many investors are aware of all the avenues through which they can buy Grin coin, and that’s why TheMoneyMongers has taken this initiative to help investors like you:
Grin Coin Exchanges: Where To Buy Grin (GRIN) Crypto?
Buy Grin from Grin coin exchanges with other BTC/ETH or USDT
If you are someone who don’t want to get into KYC and all things to buy Grin, then you can look at centralized exchanges that sell Grin for other cryptocurrencies such as BTC, ETH, LTC, USTD, etc.
Another benefit of using these cryptocurrency exchanges is that you get access to real-time order books and advanced trading tools to decide your buying bid.
Here is the list of some of the best Grin exchanges where you can get Grin coin in exchange for other cryptos:
- Available pairs: GRIN/BTC, GRIN/ETH, GRIN/USDT
Gate.io is a popular cryptocurrency exchange currently listing more than 300 cryptocurrencies/pairs for cryptocurrency traders.
Gate.io has been here from last few years and has garnered community trust by introducing trading friendly UI as well as a special 10% trading discount.
You can get this by subscribing to Gate.io using this link and believe me 10% trading discount can make a huge difference over a period of time.
It also has a dedicated market for ETH, BTC, and USDT, that’s why getting started with Gate.io is easy because for a crypto-to-crypto exchange like this you don’t need do undergo KYC or verifications.
And now the good news that Gate.io supports Grin trading, deposit, and withdrawal.
Lastly, the overall trading fee on Gate.io is 0.2%, but you can get a 10% off on it.
- Available pairs: GRIN/BTC, GRIN/ETH, GRIN/USDT
KuCoin is famous as ‘People’s Exchange’ in the cryptosphere, and it is also because currently, it is trading +400 cryptocurrencies on its platform.
KuCoin started getting traction in 2017 just after Binance ICO because it was the second exchange that had a native token for its exchange.
The good thing about its native token is that you can get a trading fee discount of up to 30% for using KuCoin and KuCoin Shares (KCS tokens).
Also, its UI is quite userfriendly to get started and now when you have Grin cryptocurrency listed on it; it naturally becomes a premiums exchange to support Grin
- Available pairs: GRIN/BTC, GRIN/ETH
Bibox is another good Binance alternative, and on the first look, you will find it that it is inspired by Binance exchange only.
And just like Binance exchange Bibox has native token called BIX which is used on the exchange to give a rebate to cryptocurrency traders.
Bibox has a trading fee of 0.1 % on which also you can get up to 50% discount depending upon how much BIX tokens you hold and when you joined Bibox.
But for now the good thing is Bibox has listed Grin coin, so anyone interested in buying/selling Grin can head towards Bibox platform which quite user-friendly also.
Conclusion: How To Buy Grin (GRIN) Coin?
So these were the some of the options through which you can buy Grin coin but as of now buying/selling Grin for BTC/ETH and USDT is only possible.
But I am sure with time and Grin’s maturity you also get the following options in the market:
- Buy GRIN with credit/debit card
- Buy GRIN with Bitcoin or Ethereum using Changelly
- Buy GRIN with bank transfer or account
- Buy GRIN peer-to-peer with Cash
But untill these options become available, I think the above-listed services are enough to cater the market because Grin is fairly new cryptocurrency and only a handful of crypto people know about it.
Having said that, as and when new legitimate services list Grin, we will also update this list of avenues through which investors can buy Grin coin.
Lastly, if you plan to hold Grin for a long term then consider getting it transferred to a decent Grin wallet because all these services aren’t suitable for storing cryptos !!
So that’s all from our side in this detailed guide on how to buy Grin cryptocurrency?
Hope you liked it? Please do share it with your friends who want to buy Grin cryptocurrency !!