Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Tranchess (CHESS) is in the top 1,000 cryptocurrencies by market cap, valued at US$21,841,801.
Tranchess is a highly volatile asset capable of major price swings in a single day. Today CHESS is trading for $0.180721 USD, which is lower than yesterday's trading price of $0.1812617946 USD. Over the past year, Tranchess's price has seen a decrease of -42%.
So before you buy Tranchess, make sure you understand these unique risks as well as its legal and tax status here in the UK.
If you're ready to get started, read on for step-by-step instructions on how you can buy Tranchess.
How to buy Tranchess in 4 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
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Compare crypto exchanges
The easiest way to buy Tranchess is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
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Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
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Make a deposit
Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
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Buy Tranchess
You can now exchange your funds for Tranchess. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Tranchess to your personal wallet.
Where to buy Tranchess in the UK
Find an exchange to buy, sell and trade CHESS by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
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How we keep this Tranchess guide up-to-date
- CHESS price data is regularly updated through data feeds so you always have the latest information.
- Tranchess performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
How do I find the best places to buy Tranchess?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Tranchess?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Tranchess.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing CHESS with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What is the easiest way to buy Tranchess?
The easiest way to buy CHESS is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying CHESS, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Tranchess has been performing recently.
Best Tranchess wallets to store your CHESS
You can keep your CHESS on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your CHESS below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,317+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $186 |
Price (USD) $49.99 |
See more of the best crypto wallets
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Is Tranchess a good investment?
CHESS is the native cryptocurrency of the platform and can be used for various governance related processes. Here are a few key aspects of the project worth considering before investing in it:
- Unique operational design: Tranchess’ financial framework allows users to enhance their overall yield returns without them having to incur any ‘impermanent losses’. Furthermore, the platform provides users with leveraged positions at low costs without any forced liquidation-related issues. According to Coinmarketcap Coinmarketcap fund holders don't have to be locked into any fixed contract. Lastly, the system is designed to mitigate any Oracle attack-related issues via the use of a TWAP (Time Weighted Average Price) module.
- Tokenomics:In all, only a total of 300 million CHESS tokens will ever enter into mainstream circulation. Of these coins, 50% have been set aside as client incentives, 20% for the core dev team, 20% for future/seed investors and the remaining 10% for the system’s native treasury pool.
- Solid backing team:Tranchess Protocol is the creation of Danny Chong, a fintech veteran who has previously worked for a number of mainstream giants including BNP Paribas and Societe Generale. Furthermore, other members of the platform’s dev team have been associated with companies such as Google, Facebook, Microsoft, Morgan Stanley, UBS before joining Tranchess.
- Security centric design: The platform’s smart contracts do not depend on external price feeds emanating from other smart contracts, thereby making them extremely resistant to many common issues (such as flash loan attacks). Additionally, Tranchess’ code is regularly audited by well known firms including Peckshield, Certik, Immunefi, etc.
Today's Tranchess price versus ATH
Compare today's price of Tranchess ($0.180721 USD) against its all-time-high price of $7.91 USD on 22 October 2021. The closer the bar is to 100%, the closer CHESS is to reaching its ATH again.
Tranchess's price: $0.180721
ATH date: October 22, 2021
ATH date: October 22, 2021
2.28%
Tranchess ATH: $7.91
How to trade, convert or sell Tranchess
You can convert or sell your CHESS with the same exchange you bought it through:- Sign in to the exchange you have CHESS on.
- If you store your Tranchess in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of CHESS you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Tranchess.
- Complete your transaction and move your CHESS to a wallet for storage.
* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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