In this guide you’ll get information about where to buy Grin, if you are planning to buy GRIN – You’re in the right place!
Grin was created on the beginning of 2019. Built openly by several developers from all over the world, this digital currency is not managed by any individual, foundation, or organization. Instead, it is operated by a sub-set of peers. In short, it is a community project controlled by technical experts, focused on decentralized mining and development.
Grin proposes a privacy-focused, secure, and scalable digital currency based on the Mimblewimble protocol through a private and lightweight blockchain. The protocol contains a new-fangled approach to the blockchain-based ledger, proposing more private and scalable transactions than Bitcoin could offer. The protocol emphasizes the optimization of both scalability and privacy in the blockchain system.
- Official site: https://grin.mw/
- Twitter: https://twitter.com/grincoin
- Reddit: https://www.reddit.com/r/grincoin/
- Bitcointalk: https://bitcointalk.org/index.php?topic=5090427.0
- White paper: https://github.com/mimblewimble/grin/blob/master/doc/intro.md
Table of Contents
Grin (GRIN) Features
- Possession of a private key. The private key is one of the properties to validate a Grin transaction. It solves scripting issue as Mimblewimble essentially does not support scripting. Grin creates particular script-less scripts that support inter-chain fissionable swaps. This aims to address real privacy problems that may occur.
- Dandelion ++. It is a network protocol implemented by Grin to reduce the risk and minimize the probability of IP detection by network nodes. From an IP address, network nodes can record all of the transactions made. It could cause certain IP addressed to be deactivated.
- Schnorr signature. It enables Grin to sum up one signature out of multiple signatures. All of the transitions that have been signed can still be validated, yet the individual signatures are invisible. Therefore, it saves a lot of space. This new form of multi-signature is believed to be able to improve the efficiently of transaction validation.
Where to Buy, Sell and Trade Grin aka GRIN
You can basically use debit card, credit card, or even PayPal to buy the Grin (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Grin as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. After you get the Ethereum or Bitcoin, you can convert it to Grin. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.
In general, the process would be:
- You go to the online exchange and buy the Ethereum or Bitcoin
- Find a crypto exchange that supports Grin currency and exchange your Ethereum or Bitcoin with the Grin
- Store your Grin to a secured wallet
That’s the first step in buying Grin, once you get your Bitcoin or Ethereum, you can continue to the next step.
Choosing the Best Cryptocurrency Exchange for Your Investments
After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH from your Coinbase wallet.
With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.
These are the best exchanges we can recommend for you to exchange BTC or ETH with Grin:
Binance is the top-ranked cryptocurrency exchange in the market, and it’s the place to go to trade large volumes of digital assets. They established their operations back in 2017 in Malta, one of the few countries to openly embrace cryptocurrencies as a financial instrument. They currently average up to 1.2 billion dollars in trade right now. Binance.com is unable to provide services to U.S. citizens or residents.
- Deposit Methods: Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
- Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & 5+ more
- Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & 345+ more
- Trading Pairs: 1189+
Bybit is a leading cryptocurrency exchange offering a secure and efficient trading platform for digital asset enthusiasts. Founded in 2018, it specializes in derivatives trading, including perpetual and futures contracts, with high leverage options. Known for its user-friendly interface, Bybit caters to both novice and professional traders. The platform provides advanced tools, including charting and risk management features, ensuring a seamless trading experience. Bybit also supports spot trading, staking, and passive income opportunities. With 24/7 customer support, robust security measures, and a reputation for reliability, Bybit has become a popular choice for crypto traders seeking innovation and transparency.
- Deposit Methods: Cryptocurrency, Credit/Debit card, Third-party payment services, Peer-to-Peer (P2P) trading
- Fiat Currencies: USD, EUR, GBP, JPY, and 60+ more
- Supported Cryptocurrencies: BTC, ETH, XRP, LTC, DOGE, and 300+ more
- Trading Pairs: 500+
MEXC is a global cryptocurrency exchange platform known for its user-friendly interface, extensive range of listed cryptocurrencies, and innovative features. Established in 2018, MEXC provides trading services such as spot, futures, and margin trading, catering to both beginners and advanced traders. The platform supports a wide variety of altcoins, often listing new and promising projects. MEXC is popular for its high liquidity, competitive trading fees, and robust security measures, including two-factor authentication and fund protection protocols. It also offers staking and earning opportunities through its launchpad and DeFi integration, making it a versatile choice for crypto enthusiasts worldwide.
- Deposit Methods: Bank transfer (ACH), Cryptocurrency, Debit card, Wire transfer
- Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & more
- Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & over 2,700 others
- Trading Pairs: Over 3,000
IMPORTANT! Once you are registered to any of the above, find the BTC/GRIN or ETH/GRIN trading pair and then place the order to buy those pairing cryptocurrencies. Go back to COINBASE and transfer/exchange your Bitcoin/Ethereum.
Step 3: Managing Your Crypto Assets in a Secure Wallet
As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.
You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.
There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.
For Securing your Grin (GRIN) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor
LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.
- Secure
- Mobile Friendly
- Easy to Manage
- Supported Coins: 1200+
TREZOR MODEL-T: The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.
- Invented for your digital independence
- keeps your keys safe
- Easily back up your entire wallet
- Supported Coins: 1093+
Frequently Asked Questions (Faqs)
Can I Buy Grin (GRIN) with PayPal?
You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the Grin. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy Grin (GRIN) with Cash?
You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:
- Make sure you have a BTC / ETH wallet before you buy from seller
- Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.
Can I Buy Grin (GRIN) with Skrill?
You can’t buy GRIN directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Grin. You can buy BTC/ETH with skrill by using these exchanges::
- Paxful
- LocalBitcoins
- Virwox
- Paxful
- SpectroCoin
- Lykke
- Exmo
- Coingate
Can I Buy Grin (GRIN) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair BTC/GRIN and begin the transactions.
Can I Buy Grin (GRIN) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support ETH/GRIN trading pair.
What Is the Best Payment Method to Buy Grin (GRIN)?
The cheapest way is to use bank account to buy Bitcoins first or to buy the Grin right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect Grin (GRIN)?
Once you have purchased the Grin, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell Grin (GRIN)?
Find a crypto exchange which allow pairing GRIN with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
Can I Mine Grin (GRIN) and Not Buying It?
Yes, you can.
Conclusion
Grin coin serves as a means of exchange like Bitcoin but it implements different transaction method. While Bitcoin uses the UTXO model that requires a multitude of signatures, Grin Coin proposes one multi-signature for the whole inputs. As a result, the transaction process is simpler. The goal of Grin Coin is to unravel scalability and privacy issues which are present in Bitcoin. Designed as the improved version of Bitcoin, Grin can be used and accessed easily by anyone, anywhere.
