How to Buy Avalanche (AVAX) – Invest with Low Fees Today

Avalanche is a smart contract platform for launching decentralized applications, financial assets, and for creating custom blockchain networks. The aim of Avalanche is to be a global asset exchange that can allow anyone to launch, trade, or create any form of asset and control it in a decentralized manner using smart contracts and other cutting-edge technologies. Hence, most market investors are looking at how to buy Avalanche (AVAX).

The developers at Ava Labs claim that Avalanche is the first smart contract network that offers transaction finalization in under one second as standard. The mainnet of Avalanche was launched in September 2020 and the platform’s native token is AVAX, which performs various tasks within Avalanche and also can be used as a reward and payment system. The native token of Avalanche, AVAX has a limited supply of 720 million coins. The coin is used not only as part of the consensus mechanism but it is also used for paying network transaction fees.

How to Buy Avalanche (AVAX)

Best Places to Buy Avalanche (AVAX) in August 2022

How to Buy Avalanche (AVAX) with eToro – Full Step by Step Guide

If you want to learn more about buying Avalanche (AVAX), the first step is to register an account with a broker. Because Avalanche (AVAX) is listed on the Blockchain network, it is critical to identify a broker who has access to the blockchain. Some of the most notable cryptocurrency brokers in the United Kingdom have already been discussed. We recommend eToro since it is the simplest way to get Bitcoin, which can then purchase AVAX.

Step 1: Open an Account

The first step is to open the eToro website and then register for a trading account by clicking on the “Join Now” button at the center of the screen. Enter your:

• Full name
• Nationality
• DOB
• Address
• Contact Details
• Username and Password

How to Buy AVAX on eToro

Visit eToro

Step 2: Upload ID

To comply with regulatory rules, eToro will request you to give a copy of your driver’s license or passport to verify the provided identity. A copy of the utility bill or bank account statement will be required to validate the stated address. Once the documents are uploaded, the verification will take place automatically.

Step 3: Make a Deposit

The minimum requirement for opening an account with eToro is $50, which can be deposited through various methods, including:

• Debit cards
• Credit cards
• Bank transfers
• Skrill
• PayPal
• Neteller

eToro imposes a flat fee of 0.5 percent on all deposits, regardless of payment method. This is far less expensive than some of its key competitors, such as Coinbase, which charges 3.99 percent to buy Bitcoin with a debit card.

How to Buy Avalanche (AVAX) on eToro

Furthermore, there is no transaction cost if you are a US resident depositing funds through a USD-backed payment method. The minimum deposit is $50 for residents of the United States and $200 for most other countries.

eToro doesn’t offer direct Avalanche (AVAX) purchases – meaning that you will first need to deposit some funds and buy Bitcoin. Apart from a bank transfer, all deposit method instantly credits your funds into your account.

Step 4: Search for AVAX

At this stage of our step-by-step guide, you should now have an eToro account that is funded. Now it’s time to buy Avalanche (AVAX).  You can now buy Avalanche (AVAX) simply by searching for “AVAX” and then typing the amount you want to invest in the ‘Amount’ box ($25 minimum).

How to Buy Avalanche (AVAX)

Finally, click on the ‘Open Trade’ button to complete your investment.

Compare Cryptocurrency Exchanges