If you have come across this page, it is because you most likely want to buy Avalanche (AVAX). In order to help you, we decided to create a complete guide on the subject. Through it, we will explain step by step how to invest.
We will also introduce you to the crypto platform which is, in our opinion, the most interesting for obtaining AVAX tokens with ease. And finally, so that you understand what the Avalanche project is all about, we will briefly explain its objectives.
On which platform to buy Avalanche (AVAX) tokens?
If you want to buy AVAX tokens, then we advise you to use the online broker eToro.
It has the PSAN (Digital Asset Services Provider) approval issued by the French stock market policeman and is very easy to handle for a new user.
Of course, due to the popularity of this cryptocurrency, it is possible to buy Avalanche on other reliable platforms. However, not all of them are easy to learn and some require a good level of investment (and crypto) knowledge to avoid making mistakes when buying products on them.
Apart from simplicity, eToro has many other advantages like a well-designed mobile version, a social trading interface where you can communicate and copy other traders, and a wide choice of digital assets if you want to diversify. By the way, you can also invest in things other than cryptos using eToro.
The broker allows for example to invest in company shares, indices, ETFs, currency pairs or commodities. And that, through a single account.
If you would like to visit eToro to take a look at the platform and its services, you can click on the button below:
Note also that on the cost side, eToro plays the card of transparency. For any transaction (purchase/sale) on crypto-currencies, a fee of 1% will be charged. Compared to other players on the market, it is more than correct.
Buy AVAX tokens in 4 steps (Tutorial)
You now know which platform to turn to. The question we now have to answer is: how to buy Avalanche blockchain tokens?
To answer it, what better than a tutorial. In the following lines, you will see that it is possible to trade this cryptocurrency in just a few minutes, even without prior experience.
Do you doubt it? Read the following tutorial, you won’t be disappointed.
One more thing, know that the approach described below can be applied to any crypto-currency. It can for example be used to acquire Bitcoins, Ether, BNB, Cardano…
1) Opening an account on the crypto platform
Once you arrive on the eToro site, you can take a look around to get an overview of the products on offer and to start getting to grips with the platform.
However, if you want to buy AVAX, you will have to open an account on the site.
For this, you will have to choose a pseudonym and a password. Next, you will need to provide some personal data and click on a confirmation link that will be emailed to you.
Do not lie about your information because it will be verified later by eToro.
If you want to complete the process more quickly, eToro has also set up the possibility of connecting to the site via an existing account on Facebook or Google.
2) Verify your identity (to validate your account)
Now that your account is created, it’s time to verify your identity with support.
This is a mandatory step because it is imposed by the authorities that regulate the financial markets. If the operator is not able to irrefutably identify you, he cannot allow you to trade AVAX tokens.
To verify your account with support, you must first prove that you are who you say you are.
For this, you must send a photo of your identity card, your driving license, your residence card or your passport.
You must also prove that you live in the place you indicated on your account. Proofs of address accepted by eToro are official bills (gas, electricity, telephone, etc.) dated less than 6 months that clearly show your name and address.
3) Deposit funds into your account
After your account has been approved by eToro, you will finally be able to start depositing money for the purpose of buying Avalanche crypto. The supported options are different from one country to another, so we will only present the 3 main ones.
First, you can make a deposit with a credit card, either Visa or MasterCard. By using this option, your deposit is immediately credited to your account. It should be noted that no fees are charged by the site with this method.
Secondly, it is possible to deposit money with an electronic wallet such as PayPal, Skrill or Neteller. Here too, the sums deposited are added immediately to the site and you do not have to pay a single cent in fees.
Finally, you have the option of bank transfer. In this specific case, you should not be in a hurry. Indeed, depending on your bank and where you live, you may not receive the money in your account until a few days later. No fees are charged by the broker if you use a bank transfer.
4) Buy Project Avalanche Cryptocurrency (AVAX)
We now come to the step that really interests us: the purchase of the AVAX crypto.
First of all, you have to get your hands on this digital asset by using the search function of the site (or application). Then, by clicking on it, a new window will appear, allowing you to buy Avalanche tokens.
You will then have the choice between two different options to buy AVAX tokens.
The first is “Invest”. Using this method, you will immediately get Avalanche, but at market price. If you want to get a better deal, you can use the “Order” option. With the latter, you can indicate a lower price than the market. However, you will have to wait for another individual to agree to sell you their AVAX tokens at that price.
You will also notice that you can use a “stop loss” to cut your positions in the event of a sharp drop in prices, a “take profit” to collect your gains if prices soar or even use a leverage effect to multiply your investments. from the same amount of money initially deposited.
If you are a beginner, we advise you not to touch leverage effects because these can be dangerous and cause you to lose all your money in the event of a bad guess in the market.
Avalanche: brief explanation of the project
Avalanche poses as a direct competitor to the Ethereum network. Indeed, this project has set up an ecosystem composed of a multitude of decentralized applications (DApps) and DeFi (decentralized finance) protocols.
To achieve its ends, Avalanche has created a system composed of 3 different blockchains which allows the project to process no less than 6500 transactions per second.
In order to remain as clear as possible, we are going to give you a quick summary of the 3 main blockchains that exist on the project:
- Exchange Chain (X-Chain). This blockchain allows money to be exchanged on the Avalanche network. Each transaction has a fixed cost of 0.001 AVAX.
- Platform Chain (P-Chain). This blockchain allows you to stake your AVAX tokens and facilitate the activities of validators on the network.
- Contract Chain (C-Chain). This blockchain hosts all the smart contracts of the network which thus allow DeFi applications and other DApps to function correctly.
Avalanche is a very popular project and has been in the top 20 most capitalized cryptocurrencies for some time now.
It is therefore a top-notch and very important digital asset in the blockchain ecosystem. Owning AVAX tokens is therefore something very interesting if you want to have a balanced crypto investment portfolio with reduced risk.
Of course, it is up to you and you alone to define the percentage of AVAX tokens you want to have in your portfolio.
Each person has their own risk aversion and their own personal preferences for their investment strategy. The only thing we can recommend is to think about owning at least a few AVAX tokens to diversify your portfolio as well as possible.
How to buy Avalanche (AVAX): what to remember
We hope you enjoyed our short guide on where and how to buy Avalanche.
We have chosen to highlight the eToro platform for investing in AVAX tokens, but there are of course other reliable platforms for buying them. However, we recommend that you be careful not to register on a dubious site because your money may not be safe.
Avalanche is one of the few projects to have managed to build a complete ecosystem. This therefore makes it a fairly serious blockchain that has kept the promises made to its investors. This is something quite rare in the industry and so we shouldn’t ignore this project, which will no doubt continue to move forward in the future.
To go to the eToro platform and get your first AVAX tokens, we simply invite you to click on the link below:
We want to say thanks to the author of this write-up for this outstanding content
How to buy Avalanche (AVAX): explanations to get you started
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