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How to buy Travala token online
This page explains the key things you need to know before you invest in Travala. We explain the history of the platform and its investment prospects going forward.
Compare where to buy Travala tokens, and open an account
If you already know what Travala want to know where to buy AVA coin right now, simply click one of the links in the table below and sign up to a broker with low fees. If you want to learn more first, keep scrolling.
What is Travala?
Travala is a leading blockchain-based travel booking platform backed by Binance, and the AVA native token is used to make the platform function. It allows users to pay for hotel and accommodation bookings with more than 40 supported cryptocurrencies.
With an excess of 2,200,000 featured properties and over 90,000 destinations in 230 countries and territories around the world, Travala is aiming to become a major player in the travel market. Led by Founder & Chief Strategy Officer, Matt Luczynski, Travala claims to be up to 40% cheaper than traditional booking platforms.
The aim of the company is to bring decentralised finance to the multi-billion dollar travel space. and with benefits like AVA saving programmes and tokenised incentives, the service is marketing itself as a transparent travel platform with no hidden fees. Global travel booking giant Expedia inspired the platform, but it dropped its support for Bitcoin in mid-2018.
How does Travala work?
Travala runs on the NEO blockchain and several layers of software. First, is the dApp layer. This is the user interface of the website where hotels and accommodation are booked, and it is also home to the Travala Wallet where users can store their AVA tokens. Beneath this is the Travala Protocol Layer, and this is filled with smart contracts that allow interactions between travellers, suppliers, and strategic partners.
First-time users are prompted to register and are incentivised to get AVA tokens because of a unique reward. When making a booking, the best deals are fully payable in AVA, but users can also partially pay in AVA. Consumers can also pay for travel upgrades, post reviews, purchase travel insurance and post reviews.
How to buy AVA online – a step-by-step guide
Step 1. Find an exchange
The best place to buy AVA in the UK and elsewhere is through a reputable cryptocurrency exchange. We have reviewed plenty to set you on the right path and to save you a little bit of time, check out two of the best exchanges below:
- Binance: You can’t really go wrong with Binance. As one of the largest and most reputable crypto exchanges, it is a great platform for beginners and seasoned crypto experts alike. Open an account with Binance now >
- Bitpanda: We are big fans of the clear interface and variety of charts on offer. In addition, Bitpanda has an excellent record of reliability and has low fees. Get a Bitpanda account today >
Step 2. Sign up and fund your account
You can kick everything off by choosing an exchange and signing up for an account. Just make sure that before you finish setting up your account, any identity verification checks are filled out. First-time users often need to provide a copy of their photo ID, so keep one on hand.
Step 3. Purchase
Once you have verified and funded your account, it is time to execute your transaction. If your account is filled with a fiat currency like GBP, look for the AVA/GBP pair, whereas if it is filled with Bitcoin, search for the AVA/BTC pair.
Step 4. (Optional) Get a suitable wallet
For long-term holders of AVA, we recommend opening a crypto wallet to store your tokens, and this will give you an added layer of security, protecting your tokens from theft.
However, it is worth noting that if you plan on moving your AVA tokens around frequently, you might prefer to store them outside of a wallet, or even in Travala’s on-site wallet, because this will save you the hassle of constantly having to enter your wallet.
Wallets come in the form of both online accounts and physical hardware, and we have listed two of the best wallets to store AVA below:
- BitLox: As a well-established hardware wallet, BitLox is a good choice for those looking to store their tokens securely. Check out BitLox now >
- Guarda Wallet: This is an online option, and can conveniently be logged into via the Guarda website. If you want added security with the accessibility of an online account, sign up for a Guarda Wallet today >
How to trade AVA coin – a step-by-step guide
Step 1. Find a broker
Trading involves opening and closing positions quickly to take advantage of price changes in the market, and this is a task made easy by online brokers.
Before opting for a broker, make sure it supports AVA. Travala is a growing platform, but it is not popular to warrant mainstream broker coverage. Your best bet is to check one of the major brokers like eToro or Plus500 because they typically support the most coins. If you are keen to check out alternatives, look at the options in the table at the top of this page.
Step 2. Deposit money
Get started by loading some funds into your account. Brokers accept most fiat currencies, such as GBP, EUR and USD. Before you lock in a trade, make sure you are happy with the trading fee, because this will vary from platform to platform.
Step 3. Decide how you’d like to trade
The way you trade should be based primarily on a technical analysis strategy. This allows you to trade around a fixed set of rules based on indicators, and it is the best way to ensure your trades are informed and sensible. Make sure to hone your strategy before putting significant amounts of capital on the line.
Step 4. Start trading
Once everything it set up and funded, you can start trading AVA tokens. Before you do this, make sure you feel comfortable with the financial risks, and if you don’t, start off with a demo account to get a feel for things.
When trading AVA, you can go short in the belief that it will fall in value, or go long in the belief it will rise. Both options can be profitable and both should be used in different market conditions. In addition, you can use leverage if you choose, and while this heightens your exposure to any potential upside, it also exposes you to more risk, so tread carefully.
If you feel ready to implement your strategy and trade AVA, enter how much you want and execute your trade via the broker you have gone for. One last remark of advice: never trade with funds you can’t afford to lose.
If you still aren’t ready to invest in AVA tokens, here are some of the pros and cons of the platform to help you choose what you want to do.
- Much cheaper than traditional booking platforms
- Savings schemes and discounts
- No hidden fees
- A unique proposition since Expedia dropped support for Bitcoin
- Multiple cryptos supported
- A huge number of locations already partnered
If you still aren’t ready to invest in Travala, check out the 3 key questions below to help you reach a decision.
1.) Is now a good time to buy AVA?
The answer to this question is determined by your own financial goals and individual investment strategy. If you want to speculate on the long-term price of AVA tokens, the growth of Travala as a platform could unlock value for you. If it can cement its position as a leading crypto bookings agency for travel, the rewards could be sizeable and the price of AVA tokens should rise.
Contrastingly, if you want to trade AVA and achieve short-term profits, the fundamentals of Travala are much less significant. You need to focus on the key technical indicators so you can time your entry and exit to a tee.
To stay informed about your investment decisions, make sure to stay up to date with the latest developments concerning Travala in our analysis articles:
2.) What problem does Travala solve, and what are Travala’s investment prospects?
Travala brings crypto payments to the travel market and provides cheaper prices than its rivals. With Expedia dropping support of Bitcoin, it is now something of a rarity in its space. Provided its service can compete with the big boys, and none of them begin offering crypto payments, it looks like Travala’s position could be strengthened in the coming years.
The main issues Travala needs to overcome are its occasionally clunky interface and suggestions that it doesn’t even need the AVA token to function effectively. If it can deal with both of these issues well, it could be poised for growth.
To stay informed about Travala and its investment prospects, check out our latest news pieces about the platform below:
3.) Do you want to hold AVA for the long term?
You can hold AVA for the long term, or you can trade it in the short term, and both methods have contrasting considerations that you should make.
Considerations for a long term investment strategy
When investing in AVA for the long term, analyse the long-term trajectory of Travala as a platform. If you believe it will blossom into a major travel industry player, long-term price speculation could be a route to profits. Sign up to a crypto exchange and consider opening a wallet to store your coins securely.
Considerations for a short term trading strategy
If you want to trade AVA for accelerated returns, investigate the current market dynamics and analyse plenty of charts to get a reading of where the market stands and where it could be going. To get started, sign up to a broker with low fees and get started today.
Fact-checking & references
Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >