How to Buy Chia (XCH) with michi ($MICHI)
To purchase Chia using michi, begin by finding a cryptocurrency exchange that offers the XCH/$MICHI trading pair. Set up an account, verify your identity, and deposit your $MICHI into your exchange wallet. Locate the XCH/$MICHI pair on the trading platform and place an order to swap your michi for Chia. If the XCH/$MICHI pair is not available, you can initially exchange michi for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Chia. Be aware of potential exchange fees, which differ by platform and can impact the total cost of your transaction.
How to Sell Chia (XCH) for michi ($MICHI)
To sell Chia for michi, first, find a cryptocurrency exchange that supports the XCH/$MICHI trading pair. Create an account, verify your identity, and deposit your XCH into your exchange wallet. Locate the XCH/$MICHI pair on the trading platform and place a sell order to exchange your Chia for michi. If the XCH/$MICHI pair is unavailable, you can first sell Chia for a stablecoin like Tether (USDT) or a fiat currency, then trade that for michi. Be aware of potential exchange fees, which vary by platform and can affect the total amount you receive.