Where & How to Buy Avalanche (AVAX) for Beginners in 2024

By:

James Knight

James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.

 & 

Prash Raval

Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.

Updated:  Oct 10, 2024

Listen

---

---

0:00 / 02:29

Ad disclosure

Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who may pay to be displayed in certain positions on certain pages, or may compensate us for referring users to their services. While our reviews and assessments of each product are independent and unbiased, the order in which brands are presented and the placement of offers may be impacted and some of the links on this page may be affiliate links from which we earn a commission. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >

3 min read

Trade your favourite markets with our top-rated broker, eToro.

4.6/5

51% of retail CFD accounts lose money. Your capital is at risk.

Visit site

Avalanche coins are available buy via a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Avalanche this way. Follow our quick step guide below.

How to buy Avalanche quickly in 3 steps

To buy Avalanche you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.

Step 1. Sign up to a crypto platform

Copy link to section

Sign up to one of the best crypto platforms to start trading. Alternatively, there are several other options to select from below. Anyway, create an account and supply a copy of your photo ID for verification.

We found 10 crypto platforms for users based in

Sort by:

Recommended Minimum Deposit Safest Platforms User Rating

Most popular

1

Min Deposit

–

Best offer

User Score

9.8

Coinbase offers an extensive selection of cryptocurrencies, allowing users to diversify their portfolios.

Supports users from over 100 countries including the US and Canada

Employs robust security measures, including cold storage, to safeguard users’ crypto holdings.

Start Trading more info

Payment Methods:

Bank Transfer, Debit Card, Wire Transfer, Apple Pay, Google Pay, Bank Transfer: SEPA, Interac e-Transer

Full Regulations:

Cryptocurrency is not regulated by the UK Financial Conduct Authority and is not subject to protection under the UK Financial Services Compensation Scheme or within the scope of jurisdiction of the UK Financial Ombudsman Service. Investing in cryptocurrency comes with risk and cryptocurrency may gain in value, or lose some or all value. Capital gains tax may be applicable to profits from cryptocurrency sales.

2

Min Deposit

–

Best offer

User Score

9.6

Offers maximum flexibility for crypto trading strategies.

Responsive customer support through various channels, including live chat, email, and a comprehensive help center.

Wide range of trading options, including spot trading, margin trading, and futures contracts.

Start Trading more info

Payment Methods:

Bank Transfer, Debit Card, Credit Card, Wire Transfer, Visa, Mastercard, American Express, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA

Full Regulations:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

3

Min Deposit

–

Best offer

User Score

9.5

0% deposit fees, 0% withdrawal fees, 0% trading commissions

Set up automated trades and up to 50 limit orders with ease

Buy and sell 90+ cryptos and utility tokens, precious metals and national currencies with as little as $1

Start Trading more info

Payment Methods:

Bank Transfer, Wire Transfer, Cryptocurrencies, Apple Pay, Google Pay

Full Regulations:

FCA

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

Step 2. Make a deposit

Copy link to section

Add funds via a card payment, bank transfer or an alternative payment method. You can start with as little as $100 on most services.

Step 3. Buy Avalanche token

Copy link to section

Locate the search box and type AVAX. Once you locate the coin trading page, enter how much money you want to spend and hit ‘trade now’.

Now you own Avalanche tokens! Not a big deal, right?

Where to buy AVAX easily

The overall best platform to buy Avalanche for beginners is Coinbase .

Here are the top five places to buy Avalanche, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.

Read more about how we rate, rank and review platforms.

Best exchanges to buy Avalanche (AVAX), reviewed

1. Coinbase. Best secure trading platform for all types of trader

Copy link to section

Visit site

Up to 0.6%

Fees

$…

Minimum deposit

4

No. assets

No

Demo/virtual account

Pros & Cons

Simple and easy to use interface Able to buy cryptocurrencies instantly with a credit or debit card Offers great security on its wallet Can use a variety of payment methods

Quite high fees for credit and debit card instant buys Poor customer support

Overview

We love Coinbase because it’s the leading public crypto platform. Coinbase offers more than 170 cryptocurrencies to trade, a secure wallet to store your coins in, and automatic staking rewards on 10+ cryptos through Coinbase Earn.

Coinbase’s user-friendly platform simplifies the buying, selling, and trading processes, making it one of the top crypto exchanges for all levels of trader. But, Coinbase isn’t just an easy to use platform, it’s one of the safest and most secure. 

A public company brings transparency and renown, so you can trust that any money on Coinbase is safe and you’re sharing the platform with over 100 million other users. It stores 98% of customer assets offline in cold storage, minimizing the risk of theft. There is also insurance on all cash balances up to $250,000

The fees: Trading fees start from 0.6% but reduce the higher your trading volume. Bank transfer deposits and withdrawals are free, other payment methods may be charged. There is no fee for wallet-to-wallet crypto transactions but you will have to pay blockchain fees. Coinbase charges a 25% fee for its staking services.

Highlights

Features	Coinbase summary
No. of tradable assets	150+
Min. Deposit	$10
ID verification required	Yes
Free demo account	No
Supported assets	Cryptocurrencies, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, FCA, NFA
View more >	Coinbase >

Visit Coinbase Coinbase Review

2. Kraken: Best for simple, global cryptocurrency trading from your phone

Copy link to section

Visit site

0.10% – 0.26% (volume dependent)

Fees

$…

Minimum deposit

90

No. assets

Yes

Demo/virtual account

Pros & Cons

Cheap/ free deposits in EUR and cheap deposits for the USA Margin trading and Futures supported Transparency – it was the first exchange to carry out proof of reserves Low fees in comparison to other exchanges

Catered towards professional traders with large trading volumes Slow account verification in comparison to other brokers

Overview

We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. The Kraken mobile app provides access to over 200 cryptocurrencies making it one of the most diverse platforms around. 

With an intuitive interface and many advanced features, the Kraken crypto app is suitable for those just starting, or experienced traders wanting to enhance their trading experience. The Kraken mobile app caters to different trading styles and preferences with spot, margin, and futures all available. 

Kraken’s mobile app also supports up to 5:1 leverage allowing you to amplify your position and potentially increase your returns. With such a wide selection of tokens available and a solid range of features and tools, the Kraken app is one of the top cryptocurrency trading platforms while on the go. 

The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.

Highlights

Features	Kraken summary
No. of tradable assets	200+
Min. Deposit	£10
ID verification required	Yes
Free demo account	Yes
Supported assets	Cryptocurrencies, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, AUSTRAC, FCA, MiFID II, FinCEN, FINTRAC
View more >	Kraken >

Visit Kraken Kraken Review

3. Uphold. Best for building long term wealth

Copy link to section

Visit site

$0.99

Fees

$…

Minimum deposit

300

No. assets

Yes

Demo/virtual account

Pros & Cons

Wide range of cryptocurrencies available Zero deposit and withdrawal fees Crypto wallets to store your coins Low minimum deposits and fast account set up

Spreads can be high for some cryptocurrencies Services vary depending on region Customer support is limited

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. Uphold is an excellent platform for discovering important new tokens early, making it ideal for investors looking to get in on the ground floor of emerging cryptocurrencies. 

Uphold offers a broad selection of coins, with over 250 tokens available catering to both seasoned and novice crypto traders. The platform regularly adds new assets allowing users to invest in promising projects before they gain mainstream attention. 

Uphold isn’t just a platform for investing early. One of the main advantages of using Uphold is its transparent and competitive fee structure. The platform does not charge for deposits or withdrawals, and trading fees are clearly stated. You can also trade between different asset classes including fiat currencies. 

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

Highlights

Features	summary
No. of tradable assets	250+
Min. Deposit	$1
ID verification required	Yes
Free demo account	Yes
Supported assets	Cryptocurrencies, Commodities, Currencies
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, FinCEN
View more >	>

Visit Review

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

4. KuCoin. Best social trading altcoin exchange

Copy link to section

Visit site

…

Fees

$…

Minimum deposit

1

No. assets

No

Demo/virtual account

Pros & Cons

Anonymous trading with up to 2 BTC withdrawals/24 hours Wide variety of cryptocurrencies No deposit fees

Low trading volumes not suitable for big traders Doesn’t support U.S. customers You might experience delays and lags during high-traffic times.

Overview

We love KuCoin because it’s a great place for beginners to trade more than 700 altcoins. Kucoin offers a vast range of cryptocurrencies including all the big names like Bitcoin and Ethereum, together with hundreds of altcoins and newly released tokens. 

The exchange gives you multiple ways to trade and invest in crypto, including spot trading, futures trading, margin trading, and staking. This choice allows you to choose the method that best suits your trading strategies and risk tolerance. 

Kucoin is a top platform for both beginners and experienced traders. Its intuitive interface is easy to get to grips with and its advanced trading features mean even high volume traders can make use of it. Kucoin also offers an earn feature, where you can generate passive income through staking and lending, making it one of the best all round crypto exchanges. 

The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.

Highlights

Features	KuCoin summary
No. of tradable assets
Min. Deposit
ID verification required	No
Free demo account	No
Supported assets
Mobile trading app	No
Web trading platform	No
Regulatory bodies
View more >	KuCoin >

Visit KuCoin KuCoin Review

5. Paybis. Best crypto platform for choice of payment methods

Copy link to section

Visit site

Variable

Fees

$…

Minimum deposit

90

No. assets

No

Demo/virtual account

Pros & Cons

Low fees when buying or selling crypto Easy to navigate interface Excellent customer support functions

Fewer cryptocurrencies compared to other platforms Limited trading tools

Overview

We love Paybis because it is one of the simplest crypto platforms to use, making it ideal for both beginners and experienced traders. The intuitive interface makes the process of buying and selling cryptocurrencies smooth, fast, and hassle-free. 

Paybis offers a good selection of coins to buy and sell including popular options like Bitcoin and Ethereum, as well as many altcoins. With such a wide range of tokens, you’ll be able to diversify your portfolio and take advantage of market opportunities very quickly. 

One of the best features of Paybis is its selection of payment options. Not only can you buy Bitcoin with a credit or debit card using USD, but you can also choose from several payment apps and digital wallets. 

The fees: How much you will pay will depend on the payment option you use. Paybis provides detailed information on the types of fees applied. You can expect competitive rates, with clear outlines of transaction and network fees, before buying or selling.

Highlights

Features	Paybis summary
No. of tradable assets	90
Min. Deposit	$4
ID verification required	Yes
Free demo account	No
Supported assets	Cryptocurrencies
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	MAS, FinCEN
View more >	Paybis >

Visit Paybis Paybis Review

How to trade AVAX

You can trade Avalanche on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how AVAX crypto trading works:

1. Monitor the price: For simplicity, let’s say the price of AVAX/USDT is $1. You read the price charts and decide that now is a good time to start purchasing AVAX.
2. Open a trade: You trade one USDT for one AVAX ($1 USD for 1 AVAX).
3. Continue to monitor the price: The following month, one AVAX token is now worth $2, a 100% increase.
4. Close your trade: You trade your AVAX token back to USDT for $2.

In this example, you buy and sell Avalanche, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend countless hours learning to trade, reading charts, technical patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.

What is the best way to pay for Avalanche (AVAX)?

The simplest way to buy Avalanche cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for AVAX.

• Buy Avalanche with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.

• Buy Avalanche with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a $1 fee, and these transactions are more or less instant as they run through the Automated Clearing House (ACH) in the US, Faster Payments System (FPS) in the UK, or Single Euro Payments Area (SEPA) in Europe.

• Buy Avalanche with PayPal. Some crypto brokers accept deposits via PayPal. Not many exchanges offer this option, however you can find here the best crypto exchanges that accept PayPal.

• Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.

How do I store Avalanche (AVAX)?

Most people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Avalanche then you should move it to a crypto wallet.

A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Avalanche wallets to use are MetaMask and the Ledger Nano S.

Is now a good time to buy Avalanche?

The answer depends on the current price and your own investment goals. Put simply, buying Avalanche, selling Avalanche, and trading AVAX are all the exact same process in literal terms. It’s really just your personal investing intentions that defines whether ‘now’ is a good time to invest or not.

• If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #HODL a coin long term in the hopes of larger profits. In this sense, any time is a good time to trade Avalanche.

• As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of AVAX, then a good time to purchase Avalanche is on any major dip.

In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Avalanche and selling it the next day probably isn’t why you’re here either.

How has Avalanche (AVAX) performed this year?

The current Avalanche price today is $29.14, which is -80.07% versus its all time high of $146.22, which it reached on 21 November 2021. AVAX is +205.14% this year, with a 52 week high of $65.25 and a 52 week low of $8.72. 

Regardless, closely following Avalanche price news & analysis will help you decide when to pull the trigger.

Is Avalanche (AVAX) a good investment?

Whether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Avalanche and its token to help you decide whether to invest in AVAX.

• Avalanche is a blockchain for building decentralised apps. Avalanche is a smart contract platform, where developers can create applications using a set of rules that are hard-coded and where transactions are stored publicly on a blockchain. Its unique ‘subnet’ technology makes it easy for anyone to create an app.
• The blockchain is faster and more scalable than most competitors. To be successful, a smart contract crypto needs to be able to cope with lots of people adding transactions to its blockchain at the same time. Avalanche is able to process more transactions than competitors like Ethereum and Polkadot.
• Transactions in AVAX are cheaper than Ethereum. Avalanche is a Proof of Stake blockchain, which means it doesn’t rely on ‘miners’. This helps make it much cheaper and less energy-intensive to run.
• AVAX is a deflationary token. As part of each transaction fee, some AVAX is taken away and ‘burned’ – destroyed – which takes it out of circulation and reduces the overall supply. The idea is to increase scarcity over time.
• You can stake AVAX to earn rewards. Staking is a means of earning extra crypto by acting as a ‘validator’, effectively using your money as collateral to guarantee that the blockchain is accurate. In return, you’re paid a reward. It’s quite easy to stake AVAX now without needing any advanced computer skills as lots of third-party platforms offer to do this for you.
• Avalanche is one of the top ten platforms in terms of total money stored. TVL, or Total Value Locked, is an indicator of how many people have stored their money on the platform. Avalanche has been ranked in the top ten cryptos by TVL for a while, which suggests that people in the industry trust it with their money.

Use this quick summary of pros and cons to compare Avalanche with other, similar projects.

Ultimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.

FAQs