Chia Wallets
- Chia Official Wallet: This i would recommend the most. Its the most secure and reliable way to safe your Chia, CATs and NFTs
- Ozone Chia Mobile Wallet : Ozone Wallet looks promising for Mobile Clients. But there is no support for NFT and DID / Chia Profiles already. Wallet seems to be the same Tech like Chia Light Wallet. The wallet is created on your device. So it's self custody.
- Nucle.io Chia Modile Wallet : Nucle.io can Transfer Chia and one CAT Token. But also no NFT and DID Support. It's self custody. Wallet is directly on you device not relying on a Cloud Service
- SkyNFT : At Sky NFT you can have a Custodian Wallet. Wallet is managed by SkyNFT. It's mainly for Minting and Trading your NFTs on SkyNFT. i do not recommend to hold your savings on a non Custodian Wallet. To Save your Funds Transfer them to a Self Custody Wallet.
How get FIAT to Chia Wallet
For your crypto assets to be safe, you want them to be in your own self custody wallet rather than on any centralized exchagne. Look at these examples:
- Mt. Gox died during 2012/2013 Bear market
- Quadriga Fintech Solutions/QuadrigaCX died during 2018/2019 Bear market
- FTX died during 2022/2023
So this are opportunites i have here in Europe / Germany
From the EU (Germany)
FIAT SEPA Transaction
I do whatever of this is the cheapest for me. The SEPA thing with Crypto.com i know really good. There is a Bank in Lithuania where Crypto.com gives me a Bank Account and i can transfer Euros to. SEPA transfer lasts two or three business days but works reliably to me. This then counts to my "Fiat Wallet" in the crypto.com app from where i can buy crypto from and can withdraw it on several crypto networks but not Chia Network. But for example with USDC from there the travel goes on through the several crypto exchanges we know.
flowchart TD
subgraph sub01["FIAT with SEPA to Chia Wallet"]
subgraph padding01[ ]
GermanBank[German Bank Account]
cryptoCom[Crypto.com]
OKX
StablyPrime
Kucoin
ChiaWallet["Chia Wallet (Cold Wallet)"]
GermanBank --FIAT via SEPA--> cryptoCom
cryptoCom --Swap EUR / USDC--> cryptoCom
cryptoCom --"USDC via Polygon"-->OKX
cryptoCom --"USDC (TODO which Network)"-->StablyPrime
cryptoCom --"USDC via Polygon"-->Kucoin
OKX --Swap USDC / XCH-->OKX
Kucoin --Swap USDC / XCH-->Kucoin
StablyPrime --Swap USDC / XCH-->StablyPrime
StablyPrime --Swap USDC / USDS -->StablyPrime
OKX & Kucoin & StablyPrime --"XCH or USDS"--> ChiaWallet
end
end
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FIAT CreditCard / DebitCard
Second Option is with CreditCard / Debit Card. But there typically is a 2 or 3% fee on the transfer. So if its possible i stay with SEPA.
flowchart TD
subgraph sub01["FIAT CreditCard / DebitCard to Chia Wallet"]
subgraph padding01[ ]
GermanBank[German Bank Account]
OKX
StablyPrime
Kucoin
ChiaWallet
GermanBank --"FIAT EUR DebitCard / CreditCard"-->OKX
GermanBank --"FIAT EUR DebitCard / CreditCard"-->Kucoin
OKX --"Swap EUR / XCH<br/>or EUR/USDC"-->OKX
Kucoin --Swap EUR / XCH-->Kucoin
OKX --USDC--> StablyPrime
StablyPrime --USDS or XCH--> ChiaWallet
OKX & Kucoin --XCH--> ChiaWallet
end
end
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FIAT Fedwire Stably possible?
I don't know if i am able to do this!. Until now i found no way to directly Transfer FIAT to Stably Prime. Maybe its not possible for Europeans? At least not possible for me as a "normal guy" :-D.
flowchart TD
subgraph sub01["FIAT Swift/Fedwire"]
subgraph padding01[ ]
GermanBank[German Bank Account]
StablyPrime
GermanBank --"Fedwire (is this possible for me?)"-->StablyPrime
end
end
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