What are the best exchanges to buy Avalanche(AVAX)? This guide researches the project and comes with 7 reliable options to invest in.
Bitcoin(BTC), Ethereum(ETH), and Solana(SOL) are all examples of cryptocurrencies that belong to a new and fast-growing asset class. Moreover, if you are an early adopter and invested in them a few years ago you might be the proud owner of a small fortune already. What makes all these cryptos so special?
In particular, it’s the blockchain technology combined with high secure encryption that makes the difference. Also many crypto enthusiasts like the idea of a decentralized future where there are no central market makers or leaders(rulers) that are in full control.
At the time of writing, crypto has matured and is here to stay as a brand new technology. Also, this highly innovative space offers opportunities for investors willing to take a risk for new profits.
In this guide, I’m going to show you the best platforms in order to buy Avalanche(AVAX) crypto; one of the fastest risers in the decentralized applications(dApps) space.
Best Exchanges To Buy Avalanche Crypto
Below I’ll show you the 7 best exchanges for buying Avalanche that are considered reliable, secure, and has high liquidity in the order books. As a result, the buying journey for AVAX crypto should be simple and straightforward.
- Coinbase(Best option for starters in crypto)
- Binance(Cheapest option, lowest fees)
- Okex(Best option for buying with crypto)
- Kucoin(Best option for intermediate traders)
- Huobi(Best option for Asian traders)
- Bitpanda(Best option for European traders)
- Bitfinex(Best option for advanced traders)
What is Avalanche Cryptocurrency?
Avalanche is a very young blockchain network that aims at becoming a global network that is fast, censorship-resistant, secure, and can scale easily. The project was launched in September 2020 by a team of developers at Ava Labs out of an investment round where they raised $60 million in token sales. Since then it has worked as one of the most revolutionizing projects in the decentralized finance (DeFi) market.
Avalanche started as an open-source project that banks on blockchain technology’s permissionless nature. Meaning, it is designed to add value to the financial world by providing decentralized finance (DeFi) solutions.
What makes Avalanche(AVAX) special?
First of all, the Avalanche network is very scalable, meaning it’s very easy for millions of users to handle transactions without being bothered by high waiting times or delays. For instance, where the Ethereum network handles about 14 tx/sec at max, the Avalanche network can do this at about 4500 tx/sec and every single transaction will be finalized within 3 seconds.
Ethereum vs Avalanche
Avalanche manifests itself as a serious Ethereum competitor, as well as it has interoperability with this blockchain network. Below is the table showing Ethereum vs Avalanche differences:
|Transaction throughput||14 tps||> 4500 tps|
|Transactions finality||6 min.||3 sec.|
|Energy efficient||GPU optimal||CPU optimal|
|Number of validators||2 pools(> 51%)||1000(+) nodes|
|Safety threshold||51.00%||80% parameterized|
Besides being highly scalable, Avalanche is also built to tackle another major problem facing blockchain-based systems today: interoperability. Moreover, it achieves this by enabling blockchains both within a subnet and between subnets to communicate with one another, allowing them to complement one another and support cross-chain value transfers.
Finally, the open network structure. While many proof of stake (PoS) blockchains only allow a select number of validators to participate in achieving consensus, Avalanche allows anybody staking at least 2,000 AVAX to participate.
What popular DeFi- solutions has Avalanche to offer?
Firstly, to rephrase in case you are a crypto beginner and don’t know the term DeFi: What are DeFi-solutions? Here is a definition:
‘DeFi is short for Decentralized Finance an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.
In other words, it’s a blockchain technology that offers solutions in finance(trading, lending or borrowing) without the need of any intermediary like traditional banks.‘
Particularly, DeFi is rapidly growing beyond the limits of one chain(Ethereum). Additionally, Avalanche is fully compatible with Ethereum assets, apps, and tools with faster speeds, higher throughput, and lower fees.
Here are some very popular DeFi solutions on the Avalanche network:
- Pangolin – Pangolin is a community-driven decentralized exchange(DEX)
- SushiSwap – Swap, earn, stack yields, lend, borrow, all on one decentralized, community -driven platform.
- TrustToken – A token that functions as value(stablecoin) for all solutions on Avalanche and beyond.
- Snowball – Snowball combines multiple DeFi protocols to create an interconnected experience.
What is the Safest place to store Avalanche(AVAX)?
In my opinion, if you really want to be safe from hackers or scammers, buying or trading Avalanche platforms like Binance or Pangolin isn’t the best way. Additionally, you should also realize that you want to invest in Avalanche(AVAX) for the long run.
If that is the case, then it is highly recommended that you start using a hardware wallet like Ledger Nano to be as safe as possible. The big benefit of Ledger is that you can store your cryptos offline as long as needed.
In particular, to get AVAX tokens you can use one of the 7 exchanges mentioned above. Also, if you are a more advanced crypto user by knowing how to handle DeFi solutions like Pangolin or SushiSwap.
Finally, it is important to know that you must withdraw the Avalanche crypto to your public wallet address that points to your Ledger device. More info on installing the Ledger device for Avalanche can be found here.
Where can I get Avalanche(AVAX) in the US?
In general crypto traders from the USA are very limited in the options they have on trading digital assets on a global scale. In most cases, only the coins that can apply to strict legal regulations are allowed. Luckily for you(if you are from the USA), Avalanche can be bought on Coinbase or Gemini.
Best Platforms to Buy Avalanche(AVAX): Comparison
This comparison guide provides an overview of the best places to buy Avalanche(AVAX) that are reliable and secure. The research is based on assessing the platform’s features, ease of use, fees for buying crypto, and security.
|Platform||Maker fees||Taker fees||Rating||Guides|
|Coinbase||0.50%||0.50%||Coinbase vs Coinswitch|
|Binance||0.08%||0.08%||Binance trading guide|
|Okex||0.10%||0.15%||Okex trading guide|
|Kucoin||0.10%||0.10%||Kucoin trading guide|
|Huobi||0.18%||0.18%||Huobi trading guide|
|Bitfinex||0.10%||0.20%||Bitfinex trading guide|
What Exchange can I buy Avalanche(AVAX)?
Next in this guide, I’ll deep dive into 7 different exchanges that offer to trade in AVAX cryptocurrency. Also, each platform has its unique features and it’s up to you to decide which one will suit you best!
Binance: Cheapest exchange in trading fees
First, there is Binance, a crypto trading platform that is is founded by Changpeng Zhao, a well-known blockchain industry expert, and expert in setting up trading systems.
In the past, he also founded BijieTech and was head of development at Blockchain.info. Binance can be considered as the best altcoin trading platform if you consider the trading volume and the number of coins listed on the exchange(300+).
Additionally, based on daily(24h) trading volumes, Binance is the biggest cryptocurrency exchange in the world. Also, it has millions of cryptocurrency traders using its platform on a daily basis.
Besides trading, Binance offers several other feature-rich products, including custodian wallets, crypto margin trading, lending service, and earning rewards with staking.
Trading a Binance can be done with almost zero fees(0.075%) and you can use this link when signing up. It will give you an additional 10% discount on fees for life 🙂
AVAX Cryptocurrency trading pairs on Binance
Coinbase: Best exchange for beginners in crypto
In particular, Coinbase is a USA-based cryptocurrency exchange. Based on daily trading volumes it’s one of the biggest and most popular exchanges in the world. They also support the instant purchase of several altcoins via Visa/MasterCard credit and debit cards.
Firstly, to purchase altcoins with a credit card, your card should support ‘3D Secure’. Moreover, to find out if your card supports this, you can just try adding your card to Coinbase and it will give you an error if it doesn’t.
Furthermore, you can buy any altcoin at this exchange, provided that they serve your country. At present, they serve more than 100 countries, but unfortunately, not all countries are able to buy and sell.
You can check if their service is available in your country here. Also, to give you some initial credit, Coinbase will reward you with $10 in Bitcoin if you sign up with this link and start trading $100.
- Best cryptocurrency exchange for beginners
- Bank deposits are very quick
- Coinbase Pro available for advanced traders
- Very secure custodian wallets
To summarize, buying with fiat currencies(USD, EUR) is an easy very exercise here. Additionally, this makes Coinbase one of the best exchanges to buy Avalanche with money.
Avalanche(AVAX) trading pairs on Coinbase
OKEX: Best option for buying AVAX with crypto
Okex is a trading platform specialized in cryptocurrencies and has its headquarters in Beijing. Besides delivering service for Bitcoin exchanges and trades, the platform is also a payroller and lending app for retailers.
Particularly, Okex is part of the bigger Okcoin consortium specialized in online futures trading. In 2018, Okcoin migrated its futures platform with cryptocurrencies which resulted in the Okex platform. One of the big benefits of this Okcoin migration is that Okex has strong liquidity in BTC/USD and LTC/USD trading pairs.
OKEX a popular place to buy Avalanche
Okcoin maintains two leading entities, whereby one has its focus on the Chinese internal market. In addition, the other entity has a broader focus aimed at the global market and has its headquarters in Hong Kong.
Okex and Okcoin together are one of the bigger cryptocurrency exchanges in the world. For instance, if you take a look at their trading volume which exceeds 4.8 billion US dollars in just 24 hours.
Important: Sign up with this link and buy $100 in AVAX. Additionally, you get $30 in AVAX back when trading at Okex.
All in all, if you already own some crypto like BTC or ETH you can try OKEX. It’s one of the best exchanges to buy Avalanche with cryptos.
Avalanche(AVAX) trading pairs on OKEX
Kucoin: Best place for intermediate traders
Compared with the exchanges described above, Kucoin is probably a modern platform for trading any cryptocurrency. In addition, this platform was founded by a group of cryptocurrency enthusiasts from Asia aiming to offer comfort and security to your mighty assets.
As of writing the platform ranks at position 12 on the list of exchanges which is based on trading volume for the past 24 hours. In addition, the platform is specialized in offering trading cryptocurrencies, margin trading, trading futures, and also staking cryptos.
In general, spot trading cryptos can be done at a fee of 0.1%. Furthermore, it is also important to note that withdrawals from the platform can be done at zero fees.
Avalanche(AVAX) trading pairs on Kucoin
Huobi: Best place for Asian traders
Huobi is a popular crypto trading exchange based in Seychelles that was originally founded in China in 2013. The company behind the exchange has grown dramatically with offices located in Hong Kong, South Korea, Japan, and the United States. In 2018, the company became publicly listed in Hong Kong.
In particular, Huobi Global offers a great platform for trading(buy and sell), storing, and earn cryptocurrencies in a secure and convenient way. Moreover, this exchange services tens of millions of users in more than 195 countries worldwide with over 60 payment methods for convert fiat into crypto.
Spot trading cryptos can be done at a fee of 0.2% and it is also important to note that withdrawals from the platform can be done at zero fees.
Avalanche(AVAX) trading pairs at Huobi
Bitpanda: Best option for European traders
Bitpanda GmbH (formerly known as Coinimal) is a fin-tech company based in Vienna, Austria. Furthermore, it specializes in selling and buying Bitcoins and other cryptocurrencies. As a result, it has quickly grown to become Europe’s leading retail broker for cryptocurrencies.
Particularly, with over 900K users the company has recently expanded its services to allow users to invest in precious metals (gold, silver) as well. Besides trading in commodities and cryptos, it’s also possible to trade popular tech stocks like Amazon(AMZN) and Tesla(TSLA).
Firstly, the company was founded in late 2014. In addition, it has since grown to become one of the more popular options to purchase cryptocurrencies like AVAX around Europe. Moreover, if you live inside the EU it’s one of the cheapest ways to buy AVAX with a credit card or SEPA transfer.
Finally, spot trading cryptos can be done at a fee of 0.1% and it is also important to note that withdrawals from the platform can be done at zero fees.
Avalanche(AVAX) trading pairs at Bitpanda
Bitfinex: Best exchange for professional traders
Bitfinex has been around for many years in the cryptocurrency space and is one of the exchanges with the highest daily trading volumes. Notably, to start trading at this exchange you have to sign up and go to a regular KYC/AML procedure first.
This online trading company is based in Hong Kong and has been operational since 2014. In fact, it gives its users the option to trade more than 100 cryptocurrencies/pairs in exchange for USD, EUR, ETH, or BTC. Furthermore, depositing EURO or USD to this is exchange is currently only available by wire transfer.
In general, Bitfinex is very popular among professional traders because of its high trading volumes and the possibility to go Long or Short. Therefore to start trading at this platform a minimal deposit of $10.000 is needed to get an account there.
All in all, if you are an experienced trader and know how to use the interface(advanced orders or margin trading) properly. Try Bitfinex that is one of the best exchanges to buy Avalanche crypto for professionals.
Trading pairs for Avalanche(AVAX) on Bitfinex
Is Avalanche a Good Crypto?
Finally, when you have decided to buy Avalanche crypto which in my opinion can be a solid buy if you are planning to hold long term. Additionally, the question remains why is Avalanche(AVAX) a good buy?
Although this crypto project is very young(launched in September 2020) they have already accomplished a lot so far. Below are three reasons why Avalanche crypto is a good buy:
- Rapidly expanding DeFi ecosystem. For example, the introduction of Avalanche Rush, a promising liquidity mining program cooporating with Aave and Curve.
- Interoperability with the Ethereum network. The recent launch of the Avalanche Bridge can help DeFi users on Ethereum to use the Avalanche network with very low fees.
- AVAX token is a hard-capped scarce asset. Eventually there will be 720 million tokens mined by the staker nodes. All fees on Avalanche will be burned for the benefit of everyone in the community. Burning the fees will increase the value of the existing ones in circulation and makes the AVAX token go up in ($) value.
All in all, it’s up to you to decide if you want to buy and which platform to use for it. With this guide, I hope I have given you enough information to start researching the crypto markets and especially the Avalanche network.
Remember, when starting to invest in crypto, it’s very important to do your own research first. Therefore, let this guide be your reference in your journey to find the best gem. Moreover, in combination with the most reliable trading platform. Happy investing!
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***To be Profitable in the markets
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