Avalanche network uses the AVAX token for many things. It is used to pay for transaction fees, for staking, and as a governance token for the network.
As someone who wants to participate in the ecosystem therefore, owning AVAX is a must. Besides using it on the Avalanche blockchain, you can also buy it as an investment asset. The token has done quite well since its launch, and is now the 12th largest crypto asset by market cap.
In buying the token, you need to pick the right platform to use. This can be a centralized or decentralized exchange, but it should be a reliable platform to use. You should consider factors like liquidity since you may be stuck if you don’t have sufficient of it.
In this guide, we discuss the best platforms you can use to buy AVAX. Some of them also support activities like staking which you can also do with AVAX.
Binance
Binance offers an easy platform for buying and selling crypto assets. You can use it to buy AVAX and more than 350 other crypto assets. You can buy AVAX by swapping supported crypto assets for it, or by using fiat.
The easiest way to buy with fiat is to use a debit or credit card to buy the assets directly. This is easy enough for even absolute beginners to use and buy assets. Binance’s platform is also generally easier to use than most.
It also charges low fees compared to other exchanges, which is one of the reasons why it is the most popular crypto asset in the world.
Coinbase
Coinbase is popularly known as the crypto exchange for beginners because of its simple design that makes it one of the easiest exchanges to use. The exchange supports AVAX and over 260 other crypto assets.
Methods for buying AVAX include swapping of existing assets for the token, as well as the use of deposited fiat currencies like USD and EUR to buy. The use of debit or credit cards is also one way to buy AVAX quickly .
Coinbase’s fees are however quite high, making it a big turn off for some traders and investors who may be working on a tight budget.
Kraken
If you’re conscious of security and would like a secure exchange to buy AVAX, Kraken is one option you can consider. The exchange has a long history of security that is unmatched in the crypto industry.
You can swap USDT and other tokens for AVAX on Kraken, or use deposited fiat currencies like EUR and USD to buy. The use of credit or debit cards is also a viable option, and is easier than any other method.
Fees on Kraken are also quite low, so you can buy and trade assets on it without fear of having too many fees accrued.
KuCoin
KuCoin has over 30 million users worldwide with over 700 supported crypto assets. The exchange is one of the best places to buy AVAX because of the simple, user-friendly design which makes it easy to use for anyone.
It is also a low-fee exchange that allows you to buy AVAX and other crypto assets without having to pay through your nose. You can buy the token by swapping other assets for it or by simply buying through your debit or credit card which is easier.
Bybit
Are you an advanced trader looking to buy som AVAX? Then this is the platform for you. It is a crypto derivatives trading platform that supports over 1,000 crypto assets including AVAX. Its reputation has made it one of the most popular exchanges to buy crypto.
The exchange charges low fees just like Binance, and also supports other uses for crypto such as staking. You can buy the token through debit or credit card, which is the easiest way to buy. You can also swap existing crypto assets for AVAX.
Other than cryptocurrency exchanges, you can also choose to trade digital assets with AI trading robots like Finance Phantom and take your trading journey at the next level.
