A Comprehensive Guide on How to Buy AVAX

Avalanche, a rising star in the cryptocurrency world, has gained significant attention since its launch. Its fast, scalable, and secure platform attracts numerous investors. We’ll show you easy, quick, and safe methods to buy and store Avalanche (AVAX). To make it simple, we believe that Coinbase is the best choice to buy AVAX. Why Coinbase?

The following table explains why Coinbase is the best choice for buying Avalanche.

Buy Avalanche on Coinbase

Avalanche (AVAX) has become a leading cryptocurrency, known for its speed and scalability. It’s gaining attention among investors looking for a reliable and secure blockchain. We’ll show you easy, fast, and secure ways to buy and store Avalanche (AVAX). To make things simple, we recommend Coinbase as the best platform to buy AVAX. Why Coinbase?

Coinbase is a regulated crypto custodian with licenses worldwide, ensuring it meets strict security standards and is supervised by financial authorities. Even BlackRock, the world’s largest asset manager, trusts Coinbase with the custody of Bitcoin for its Bitcoin ETFs, reflecting the high level of security Coinbase offers.

Although you can use external wallets, Coinbase offers a highly secure environment for storing your AVAX. Unlike some platforms that delay withdrawals, Coinbase processes them immediately, giving you quick access to your funds.

Cost-effectiveness is another plus. Coinbase’s fees are competitive at 0.15%, much lower than the industry average. For comparison, some providers charge up to 1.5% for AVAX transactions.

Coinbase prioritizes security with features like two-factor authentication, adding an extra layer of protection. They also offer customer support, typically responding within 24 hours. (We can personally vouch for their support team’s efficiency and helpfulness.)

Coinbase is designed to be user-friendly, catering to both beginners and experienced traders. Plus, with apps for Android and iOS devices, you can manage your AVAX portfolio and trade easily from anywhere.

Coinbase is one of the most popular platforms to buy AVAX. Here’s how you can buy Avalanche easily, securely, and quickly on Coinbase.

Step 1: Sign Up for Coinbase

To start buying AVAX, create an account on Coinbase. Visit Coinbase.com and click “Get Started.” Enter your name, email, and password. Once completed, click “Create Account.”

Step 2: Verify Your Identity

Coinbase requires identity verification to comply with regulations. Upload a government-issued ID and provide personal details like your address and date of birth. This process may take a few minutes to complete.

Step 3: Add a Payment Method

To buy AVAX, link a payment method. Coinbase supports several options:

• Bank Account: Link for lower fees and higher transaction limits.
• Credit or Debit Card: Ideal for faster purchases, though fees are higher than bank transfers.
• PayPal: Available for deposits and withdrawals in certain countries.

Step 4: Buy Avalanche

Once your account is set up and payment method linked, you’re ready to buy AVAX!

1. On the Coinbase dashboard, navigate to “Buy/Sell”.
2. Select Avalanche (AVAX) from the list of available cryptocurrencies.
3. Enter the amount of AVAX you wish to purchase, in your local currency (e.g., USD, EUR) or AVAX.
4. Choose your payment method (e.g., bank account, credit card).
5. Review the transaction details and click “Buy Now” to complete your purchase.

Step 5: Store Your Avalanche Securely

After buying AVAX, it will be stored in your Coinbase wallet. For enhanced security, consider transferring your AVAX to a personal wallet (like a hardware wallet from Ledger or Trezor) instead of keeping it on Coinbase, which is an online exchange.

Benefits of Buying Avalanche on Coinbase:

• User-Friendly Interface: Coinbase is known for its simple design, perfect for beginners.
• High Security: Features like two-factor authentication (2FA) and insurance for funds in the Coinbase Vault.
• Wide Payment Options: Coinbase supports various payment methods like bank transfers, credit cards, and PayPal.

Binance is one of the largest and most popular cryptocurrency exchanges globally, known for its robust security and easy-to-use platform. Until recently (May 2019), it wasn’t possible to directly buy Avalanche (AVAX) using Euro (EUR) or US Dollars (USD) on Binance. However, this has changed, and now you can easily purchase AVAX with a credit card or trade AVAX using different cryptocurrencies. In this guide, we’ll walk you through both options!

Step 1: Register on Binance

Binance offers the option to verify your identity. While this is not mandatory, completing the verification process allows you to increase your daily withdrawal limit to 100 BTC. Without verification, the daily limit is 2 BTC, and you can still access all other platform features.

Step 2: Buy Avalanche (AVAX) with a Credit Card

To buy AVAX via credit card on Binance, follow these steps:

1. Navigate to the Credit Card Section: In the top menu, click on “Buy Crypto” and select “Buy with Credit Card.”
2. Select Your Payment Currency: Choose Avalanche (AVAX) as your cryptocurrency and select your payment currency (Euro or USD).
3. Enter Your Personal Information: Fill in your details in the provided fields.
4. Verify Email and Phone Number: You’ll need to verify your email and phone number using a code.
5. Proceed to Payment: After verification, click “Next” to enter your credit card information.
6. Upload ID for Verification: To complete the process, upload the front and back of your passport to verify your identity.

Important Notes Before and After Your Purchase

• AVAX Price Fluctuation: The AVAX amount displayed is based on the current price and may change. If the rate fluctuates by more than ±2.5%, you will be asked to reconfirm the transaction via email from Simplex, Binance’s third-party provider.
• Transaction Fees: Simplex charges a fee of 3.5% per transaction or USD 10, whichever is higher.
• Transaction Limits: The daily limit for purchases is USD 20,000 per user, and the monthly limit is USD 50,000. The minimum transaction amount is USD 50.
• Track Payment Status: After completing your purchase, you can check your payment status and deposit history through Simplex.

Step 3: How to Trade Avalanche (AVAX) on Binance

If you already have other cryptocurrencies such as Ethereum (ETH), Binance Coin (BNB), or Tether (USDT), you can deposit them into your Binance account and trade them for Avalanche (AVAX). Here’s how to exchange Ethereum (ETH) for AVAX:

1. Deposit Ethereum (ETH): If you have Ethereum (ETH) on another exchange or wallet, send it to your Binance Ethereum wallet address. If you don’t have Ethereum yet, you can purchase it on a platform like Litebit. Simply provide your Binance Ethereum wallet address, so Litebit can transfer the ETH to Binance after the purchase.
2. Access the Deposit Section: Once logged in, click on “Funds” in the navigation bar and select “Deposit.”
3. Find Your Ethereum Wallet Address: In the search box, type “ETH” and select “Ethereum” from the list. You’ll see your unique Ethereum wallet address to use for the transfer.
4. Exchange Ethereum for AVAX: Once your Ethereum has arrived in your Binance account, you can trade it for AVAX by going to the “Markets” tab, selecting “ETH/AVAX,” and placing an order.

Additional Trading Tips

• Leverage Trading: Binance offers margin trading with leverage for advanced users, allowing you to amplify your trades and maximize potential profits (with higher risk). Be sure to fully understand leverage before using this feature.
• Security: Enable two-factor authentication (2FA) to protect your account. Binance also offers cold storage for crypto funds and insurance coverage in case of major losses.

Kraken is a regulated crypto custodian with licenses across various jurisdictions globally, ensuring strict adherence to security standards and financial regulations. It is trusted by institutional investors for cryptocurrency custody, highlighting its high-security level.

Kraken allows the flexibility of using external wallets but provides a secure environment for storing your Avalanche (AVAX). Unlike some platforms, Kraken processes withdrawals promptly, allowing quick access to your funds.

Regarding cost-effectiveness, Kraken’s fees are highly competitive. Its trading fees are structured with a tiered system, with the lowest fees reaching 0.16% for makers and 0.26% for takers, significantly lower than many competitors.

User security is a priority, with features like two-factor authentication (2FA) and advanced encryption. Kraken’s customer support typically responds quickly, offering assistance whenever required.

Kraken is designed to be user-friendly, catering to both beginners and advanced traders. Its intuitive interface is complemented by mobile apps for Android and iOS, allowing you to manage your AVAX portfolio and execute trades conveniently.

Kraken is one of the most trusted and secure platforms to buy Avalanche (AVAX). Here’s how you can buy AVAX securely and efficiently on Kraken.

Step 1: Sign Up for Kraken

To get started with buying AVAX, create an account on Kraken’s platform. Visit Kraken.com and click on “Create Account.” Enter your name, email, and create a secure password. Once completed, click “Create Account.”

Step 2: Verify Your Identity

Kraken requires identity verification to comply with financial regulations. Upload a government-issued ID and provide personal details such as your address and date of birth. This process is necessary for security and may take a few minutes to complete.

Step 3: Add a Payment Method

To buy AVAX, you must link a payment method. Kraken supports several payment options, including:

• Bank Account: For lower fees and higher transaction limits.
• Credit or Debit Card: Ideal for faster purchases, though fees tend to be slightly higher than bank transfers.
• Wire Transfers: For larger purchases, Kraken supports wire transfers in several countries.

Step 4: Buy Avalanche (AVAX)

Once your account is set up and a payment method is linked, you’re ready to buy AVAX!

• On the Kraken dashboard, go to the “Buy Crypto” section.
• Select Avalanche (AVAX) from the list of cryptocurrencies.
• Enter the amount of AVAX you’d like to purchase, either in your local currency (e.g., USD, EUR) or in AVAX.
• Choose your payment method (e.g., bank account, debit card).
• Review the transaction details, including any fees, and click “Buy Now” to finalize your purchase.

Step 5: Store Your Avalanche Securely

After purchasing AVAX, it will be stored in your Kraken wallet. For enhanced security, it’s recommended to transfer your AVAX to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping it on Kraken, an online exchange.

Benefits of Buying AVAX on Kraken:

• User-Friendly Interface: Kraken is known for its easy-to-navigate design, making it simple for beginners.
• High Security: Kraken employs top-tier security measures, including two-factor authentication (2FA) and insurance for funds in its vault.
• Competitive Fees: Kraken offers low, competitive fees, making it an attractive option for both small and large transactions.
• Multiple Payment Options: Kraken supports various payment methods, including bank transfers, credit cards, and wire transfers.

Buy Avalanche on Kriptomat

About Kriptomat

Kriptomat is a newer but reliable crypto exchange that allows users to buy over 30 cryptocurrencies directly via Euro, USD, and other currencies. Though it is currently limited to European users, Kriptomat offers a simple and modern platform for trading cryptocurrencies. It is also one of the most beginner-friendly exchanges, which is why we recommend it for newcomers to crypto investing. With two licenses from the Estonian government, Kriptomat has proven itself to be a trustworthy platform for crypto purchases.

One of Kriptomat’s biggest advantages is its transparent and competitive fee structure. Unlike other platforms that charge premium prices, Kriptomat ensures that the price of Avalanche (AVAX) is equal to the spot price. Only a nominal transaction fee is added, which is displayed clearly when placing an order. This makes it a cost-effective choice for investors.

Set up an Account on Kriptomat

To begin buying Avalanche (AVAX) on Kriptomat, you’ll need to create an account. Start by visiting the official Kriptomat website, kriptomat.io, and clicking the “Register” button. A pop-up will prompt you to enter your first and last name, email address, and a password. Once you submit this information, you will receive a confirmation link via email. Click the link to verify your account, and then log in with your newly created credentials.

However, your registration isn’t complete yet. To proceed, you must verify your phone number by entering the verification code sent via SMS. After phone verification, Kriptomat requires you to complete identity verification. To start, click on the appropriate prompt, and a pop-up window will ask you to enter your full address (street, house number, city, and country) and upload a photo or scan of your passport or ID card.

Kriptomat offers a smooth and fast registration process that you can continue on your smartphone. Simply click the link sent via SMS, and you’ll be guided to upload a photo of your ID (front and back) directly from your phone. You will also need to take a selfie to verify your identity.

If you plan to buy Avalanche (AVAX) via SEPA bank transfer, you must link a bank account to your Kriptomat account. However, if you choose to use methods like Neteller, Skrill, or a credit card, linking a bank account is not necessary.

Once registration is complete, there are no separate verification levels to worry about, unlike many other crypto exchanges, as Kriptomat has already completed the full verification process for you.

Buy Avalanche (AVAX) on Kriptomat

Buying Avalanche (AVAX) on Kriptomat is straightforward and user-friendly. To begin, go to the “Buy/Sell” tab and select “Buy.” You can then select Avalanche (AVAX) from the list of available cryptocurrencies.

Next, choose from four payment options:

• Bank Account: Link your bank account to make SEPA bank transfers.
• Credit Card: Purchase instantly with your credit card.
• Neteller: Use Neteller for instant purchases.
• Skrill: Use Skrill for immediate purchases as well.

After selecting your payment method, enter the amount of Avalanche (AVAX) you wish to buy. The platform will display the transaction fees for the purchase. Once you’re ready, click “Buy Avalanche” and then “Confirm transaction” to finalize your purchase.

Kriptomat will then redirect you to your “My Wallet” section, where your purchased Avalanche (AVAX) will appear within seconds.

This simple process makes Kriptomat an excellent choice for beginners who want to easily buy Avalanche (AVAX) and other cryptocurrencies.

Anycoin is a popular cryptocurrency exchange platform that offers a simple and secure way to buy and sell Avalanche (AVAX) and other cryptocurrencies. It caters to both beginners and experienced traders, providing an intuitive interface and a variety of features designed to make crypto trading easier and more secure.

Key Features of Anycoin:

1. User-Friendly Interface: Anycoin offers a straightforward and clean platform, making it easy for new users to start trading and for more experienced traders to access advanced features.
2. Wide Selection of Cryptocurrencies: Anycoin supports a range of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Avalanche (AVAX), Litecoin (LTC), and more, allowing you to diversify your portfolio easily.
3. High Security Standards: Security is a priority for Anycoin, with features like two-factor authentication (2FA) and SSL encryption to protect user accounts and transactions. This ensures your crypto holdings are safe from external threats.
4. Low Fees: Anycoin aims to provide competitive fees for trading and transactions, making it an attractive option for those looking to minimize costs while trading digital assets.
5. Multiple Payment Methods: Users can purchase cryptocurrencies using various payment methods, including bank transfers, credit cards, and sometimes even PayPal, depending on their location.
6. Fast Transactions: Anycoin processes transactions quickly, allowing users to purchase cryptocurrencies without long delays. This quick access to funds is a major benefit for those who need to act fast in the market.
7. Support for Wallets: While Anycoin provides its own wallet to store your crypto assets, it’s also recommended to use your own personal wallet for added security. This can include hardware wallets or other types of secure storage.
8. Dedicated Customer Support: Anycoin offers customer support, providing assistance with any issues or inquiries that might arise during your experience on the platform.
9. Mobile Apps: Anycoin has apps available for both Android and iOS devices, making it easy to manage your portfolio and execute trades on the go.

How to Buy Avalanche (AVAX) on Anycoin:

1. Create an Account: Start by visiting the Anycoin website and clicking on “Sign Up.” Enter your name, email address, and create a password. Afterward, you’ll receive a verification email to confirm your account.
2. Verify Your Identity: Anycoin will ask you to complete a verification process to comply with regulatory requirements. This may involve submitting a government-issued ID and some personal information.
3. Link a Payment Method: To buy Avalanche (AVAX), link a payment method to your account. Anycoin supports various payment options like bank transfers, credit cards, and PayPal.
4. Make Your Purchase: Once your account is verified and your payment method is linked, go to the “Buy” section, select Avalanche (AVAX), and enter the amount you wish to purchase. Review the transaction details and fees, then complete your purchase.
5. Store Your Avalanche (AVAX) Securely: After buying Avalanche (AVAX), it will be stored in your Anycoin wallet. However, for extra security, it’s recommended to transfer your crypto to a personal wallet (e.g., a hardware wallet) for safe storage.

Benefits of Using Anycoin:

• Simple and Easy to Use: With its user-friendly interface, Anycoin makes cryptocurrency trading accessible to everyone, including beginners.
• Secure Platform: Advanced security measures, including 2FA and SSL encryption, help ensure your funds are safe.
• Variety of Cryptocurrencies: You can easily buy Avalanche (AVAX) and other major cryptocurrencies on Anycoin.
• Competitive Fees: Anycoin offers low transaction fees, making it a cost-effective platform for crypto trading.
• Quick Transactions: The platform processes transactions quickly, providing fast access to your purchased assets.

Bybit is a popular cryptocurrency exchange platform that specializes in trading digital assets such as Bitcoin (BTC), Ethereum (ETH), Avalanche (AVAX), and other cryptocurrencies. Known for its advanced features and high liquidity, Bybit is primarily used by more experienced traders, especially those interested in leveraging trading and derivatives.

Key Features of Bybit:

1. Advanced Trading Tools: Bybit offers a range of professional trading tools including spot trading, margin trading, and derivatives trading (futures contracts). The platform also provides advanced charting features and technical analysis tools to help users make informed decisions.
2. High Liquidity: Bybit is known for its high liquidity, which is particularly beneficial for traders who need to execute large trades without significant slippage. This makes it a reliable platform for both day traders and those looking for long-term positions.
3. Leverage Trading: One of Bybit’s standout features is its leverage trading options. Users can trade with leverage, enabling them to amplify their positions and increase potential profits. However, this also comes with higher risks, and it’s important to use leverage cautiously.
4. User-Friendly Interface: Despite offering advanced trading options, Bybit maintains an intuitive and user-friendly interface, making it accessible for both beginner and experienced traders. The platform’s clean design helps users navigate the various trading tools easily.
5. Security Features: Bybit places a strong emphasis on security with features such as two-factor authentication (2FA), cold storage for crypto assets, and an insurance fund to cover any potential losses during extreme market conditions. These measures help ensure the safety of user funds.
6. Mobile App: Bybit offers mobile apps for both Android and iOS, allowing users to trade and manage their crypto assets on the go. The mobile apps have many of the same features as the desktop platform, providing flexibility for traders who need to stay connected to the markets at all times.
7. Fast Transactions: Bybit offers quick and seamless transactions, with order execution speeds often cited as one of the fastest in the industry. This ensures that trades are executed without delay, which is crucial in volatile markets.
8. Referral Program: Bybit has a referral program that allows users to earn rewards by inviting others to join the platform. This is a great way for traders to earn additional income while growing the community.
9. Customer Support: Bybit provides 24/7 customer support to help users with any issues or questions. The platform offers support through live chat, email, and other communication channels, ensuring that help is readily available.

How to Buy Avalanche (AVAX) on Bybit:

1. 1. Create an Account: Start by visiting the Bybit website and clicking “Sign Up.” You’ll need to provide your email address and create a secure password. After registering, you will receive a verification email to activate your account.
   2. Verify Your Identity: To comply with regulatory standards, Bybit may ask you to complete a KYC (Know Your Customer) verification process. This can involve uploading a government-issued ID and some personal information to verify your identity.
   3. Deposit Funds: Once your account is set up, you need to fund your account. Bybit supports deposits in several cryptocurrencies, including Bitcoin, Ethereum, and USDT (Tether). You can deposit these digital assets directly into your Bybit wallet. 4. Buy Avalanche (AVAX): To buy Avalanche (AVAX) on Bybit:
      • • Navigate to the “Spot” trading section on the platform.
        • Select Avalanche (AVAX) as the cryptocurrency you wish to purchase.
        • Choose your trading pair (e.g., AVAX/USDT).
        • Enter the amount you want to buy and review the transaction details.
        • Confirm the purchase to complete the transaction.

      5. Store Your Avalanche (AVAX): After purchasing Avalanche (AVAX), you can store it in your Bybit wallet. However, for added security, it’s recommended to transfer your Avalanche (AVAX) to a private wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping it on the exchange.

Benefits of Using Bybit:

• Advanced Trading Options: Bybit is ideal for traders looking for advanced features like margin trading and leverage, along with access to a wide range of crypto assets.
• Fast Execution and High Liquidity: The platform provides fast order execution and deep liquidity, which is crucial for active traders in fast-moving markets.
• Security: Bybit prioritizes user security with features like two-factor authentication (2FA), cold storage, and an insurance fund.
• Mobile Trading: Bybit’s mobile apps allow users to trade and monitor their portfolios from anywhere.
• Competitive Fees: Bybit offers competitive trading fees, making it an attractive option for traders looking to minimize costs.
• 24/7 Support: Bybit provides round-the-clock customer support to help resolve any issues or concerns quickly.

Best Avalanche wallet: Electrum

When using a desktop wallet, we have had very good experiences with the Avalanche Electrum Wallet. We will show you briefly how to download and use it. First, go to the official site and download the wallet (click!). If you click on the link, you will be taken to the website where you can download the wallet. Scroll down a bit and then click on the button “Download Electrum“.

Now you will land on a page where you have to choose the appropriate wallet for your operating system. If you are using Windows, you will need to download the wallet version for Windows. For example, if you are a Windows user, click on “Windows Installer” (see picture: red arrow). If you want the app for Android, you need to select this installer accordingly:

When the file is downloaded, click on the setup file. Select a directory where the wallet should be installed and click on “Install”. The installation should not take longer than 2 minutes. When the installation is complete, click “Close”.

Congratulations: the wallet is installed. Now you start the Avalanche Electrum Wallet by double-clicking the Electrum icon on the desktop. First, the software will ask you how you want to connect to a server. As a beginner, we recommend that you select “Auto connect” at this point.

The Electrum software will then detect that you have not yet created a wallet. At this point, you simply have to click “Continue” and can give the wallet another name if necessary. Then you have the option to set up different types of wallets. If you feel that setting up the wallet until now is difficult, we recommend that you choose the “Standard wallet” at this point at the beginning. The wallet in the standard version is completely free of charge and works very well.

Otherwise, it is safer to create a “Wallet with two-factor authentication“. You’ll need a smartphone and the Google Authenticator app, which you can find on the App Store and Google Playstore. If you want to use the wallet with two-factor authentication, it also costs some money. You must decide for yourself whether you want to invest that money or not. We can just recommend you do it because it increases the safety of your wallet by a lot.

If you have now clicked on “Next”, a new seed must be generated. The seed also depends on the address form. We recommend the “Segwit” setting, as this is the most common address form compared to the old format. Then you’ll see your seed. This is a bunch of 12 words, which is your key to the wallet if you lose your password or your computer breaks down. Therefore, it is extremely important that you note down the seed somewhere safe, preferably on a piece of paper which you keep safe.

In the next step, you will be asked to enter the seed again. If you have also done so successfully, Electrum will ask you to create a password. The longer, the better. Also, remember to use numbers and special characters. You will use the password every time you open the wallet. Therefore, also keep the password safe.

Now you are ready for the actual user interface of the Electrum Wallet. The “Receiving Address” you had to enter at Litebit can be found in the upper right corner under the column “Receive“. You have to copy this address and enter it at Litebit, or another Avalanche exchange, as “Receiving Address”. Once you have entered the receiving address of the Avalanche Electrum Wallet, all you have to do is select a payment method for Litebit and then click “buy”. In general, the transaction should be credited to your wallet within 24 hours.

If you have any questions, feel free to write us a comment, and we will be happy to help you!