Kraken
With a market cap of $176,124,181.00 USD, Axie Infinity ranks as the 180th largest cryptocurrency by market capitalization in the world. It operates on the Ethereum blockchain network. It is currently trading at a price of $1.01 USD per coin and trades using the cryptocurrency code AXS.
Axie Infinity is a highly volatile asset capable of major price swings in a single day. So before you buy Axie Infinity, make sure you understand these unique risks as well as its tax and legal status in Canada.
If you want to buy Axie Infinity in Canada or track its performance, keep reading to see the latest AXS price, market cap and trading volume along with a step-by-step guide on how to invest in AXS crypto in Canada.
| Current price | $1.01 |
|---|---|
| All-time high | $164.90 |
| All-time low | $0.12 |
| 1-year price change | ▼ -52.96% |
| Market cap | $176.12M |
| Market cap rank | #180 |
| Total volume (24h) | $24.60M |
| Circulating supply | 173,888,325 |
| Max supply | 270,000,000 |
| Network | Ethereum |
| Where to buy AXS | Buy on Kraken |
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
The whole process of buying AXS can take as little as 15 minutes, and all you need is a smartphone or computer, an internet connection, photo identification and a means of payment. Follow these five steps to learn how to buy Axie Infinity in Canada:
The easiest way to buy Axie Infinity is through a cryptocurrency exchange. Choose an exchange that offers low fees, a user-friendly platform or 24-hour customer support. You can easily see top picks in our guide to the best crypto exchanges in Canada, or compare options below.
To create an account on an exchange, you will need to provide an email address, come up with a strong password and verify your identity through a process called KYC, which requires government-issued photo ID.
Once verified, you can deposit CAD using the payment method that best suits you. Common methods like Interac e-Transfer, bank wire and debit card payments are widely accepted on Canadian-friendly exchanges.
You can now exchange your funds for Axie Infinity. On beginner-friendly exchanges, this is as simple as searching for the coin name (Axie Infinity) or its crypto code (AXS), entering the CAD or AXS amount you want to purchase and clicking "Buy."
Consider transferring your AXS to help protect against hacks, scams, platforms going bankrupt and other risks of keeping crypto on an exchange.
We've curated a list of legitimate crypto exchanges below where you can buy Axie Infinity in Canada to help you compare deposit methods, supported fiat currencies and fees.
The recent Axie Infinity (AXS) price is $1.01 USD per coin, which is 0.00% lower than the previous day's trading price of $1.01 USD. Over the past 30 days, AXS's price has changed by -12.79%, from $1.16 USD to the current price of $1.01 USD. Compared to this time last year, Axie Infinity's price has seen a decrease of -52.96% to its value as a cryptocurrency.
Axie Infinity reached its all-time high of $164.90 USD on November 6, 2021, which was a +133,186.99% increase from its previous all-time low of $0.12 USD, which it reached on November 6, 2020. It has since landed at its current price of $1.01 USD.
Yes, you can buy Axie Infinity in Canada. Simply open an account with a crypto exchange that operates in Canada and supports Axie Infinity—like the ones in our curated list above—and place a "buy" order. For example, Kraken supports Axie Infinity and is a registered crypto exchange in Canada.
Because Axie Infinity is decentralized, it isn't tied to any single country. That means you can buy and sell it from anywhere in the world, including Canada, as long as you have internet access.
AXS, an ERC-20 token, is the native cryptocurrency of Axie Infinity. Axie Infinity is a platform that hosts Axie NFTs, built on the Ethereum blockchain, and combines the popularly known Pokemon and Cryptokitties. It was launched in 2018 by Vietnam-based startup Sky Mavis. The AXS token can be traded, purchased or earned by playing the game. To play the game, you need three Axies to form a team, which might become a barrier for some users in the first place due to the price. These Axies are game characters that you own and control. The cheapest Axie is worth 0.03 ETH. However, winning a game would require good team synergy involving elements such as Axies stats and cards.
Players win by competing in PVP battles to win leaderboard prizes which go up to $30,000, or breeding Axies and then selling them on the marketplace, or battling against other Axies to win Small Love Potion tokens (SLP). Players can also collect and speculate rare Axies. The principle behind the game is play to earn, which is the most interesting aspect of the game. Users will soon be able to stake their AXS tokens on the protocol (Q3 2021) to receive regular rewards as a form of passive income.
To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not CAD.
If you want to buy Axie Infinity with Canadian dollars, you'll need to pass a Know Your Customer (KYC) check.
This is a standard security procedure for most exchanges in Canada and requires you to upload government-issued photo ID, and, in some cases, a selfie with today's date.
KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days.
Several crypto exchanges in Canada accept credit cards as an instant purchase method. However, before buying Axie Infinity with a credit card, you should be aware of the additional cost and risks involved.
For instance, credit card fees are usually higher than bank transfers or e‑Transfers. Some card issuers may even block cryptocurrency transactions or treat them as cash advances, which are more expensive. Plus, if you don't pay off your credit card within your statement period, you may end up paying interest on your card balance and losing money if the price moves quickly.
For example, if you were to use a credit card to buy Axie Infinity, you could end up paying this:
If it took you three months to pay off your Axie Infinity purchase at a credit card interest rate of 19.99% APR, you would pay an additional $0.26 USD in interest on top of what you originally paid to buy Axie Infinity.
This example can help you compare the relative cost of buying Axie Infinity with a credit card versus other lower‑fee methods like Interac e-Transfers.
You can check the table of Canadian crypto exchanges above to see which ones accept credit cards for buying Axie Infinity, or visit our guide on buying crypto with a credit card for more details.
Yes, it is possible to buy Axie Infinity with a debit card, as most Canadian crypto exchanges accept debit cards as an instant payment method.
To buy Axie Infinity with a debit card, you'll typically need to go through the standard steps to purchase crypto on your preferred platform and then select debit from the list of payment options (e.g. Interac e-Transfer, debit card, credit card) before completing your purchase.
Just note that there are often higher fees for crypto purchases with cards (both debit and credit) compared to paying with Interac e-Transfer or with another cryptocurrency.
Below are the aspects you should consider before buying AXS:
Gamified DeFi: Axies Infinity guarantees an income as SLP tokens can be easily converted to ETH via UniSwap. Players can cash out their points if they do not wish to breed any further.
The use of UniSwap, which allows faster and efficient transactions on the Ethereum blockchain, makes this a unique combination of DeFi and a blockchain-based collectible platform
Governance: You can use AXS, the native token of the platform, to stake and vote. Users can earn the tokens by contributing to the network and participating in the game.
It rewards players based on their skill, involvement and effort, making it a fair distribution system
Storing tokens: AXS tokens can be stored in any ERC-20 compatible wallet such as Trustwallet or any hardware wallet such as Trezor One
Gas Fees: As noted above, Axie uses the Ethereum blockchain, which attracts high gas prices coupled with high Axie prices, which makes entering the ecosystem a costly affair for new entrants. Moreover, breeding also requires gas, which adds to the cost.
Axie Infinity has exclusively developed the Ronin Ethereum sidechain to mitigate this issue of high gas fees
There are two main options for storing Axie Infinity once you've bought it—keep it on an exchange or store it in your own personal wallet. Take a look at our guide to the best crypto wallets in Canada to see our top picks.
While it can be more convenient to leave your Axie Infinity on an exchange, you're vulnerable to risk if the exchange gets hacked or compromised in another way.
It's generally much safer to store your crypto on a software or hardware wallet, which gives you full control and custody of your coins.
Like all crypto, Axie Infinity is considered a commodity for tax purposes by the Canada Revenue Agency (CRA). That means it will be taxed similarly to other investments like stocks and ETFs.
Money you get from selling Axie Infinity can be treated as income or capital gains. That said, the CRA will tax crypto profits differently if you're a casual Axie Infinity buyer than if your crypto profits are classified as business income.
You can learn more about how crypto taxes work in our guide to crypto tax in Canada.
Keep in mind that buying Axie Infinity can be risky. But if you decide to invest in Axie Infinity, look for a regulated crypto exchange in Canada that supports AXS, and make sure to store your crypto securely.
Once you've bought Axie Infinity, think about your short and long-term goals. Crypto markets can be very volatile, so keep an eye on Axie Infinity's price over time to decide whether to keep it on an exchange, sell it or move it to your wallet.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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