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How to buy Axie Infinity (AXS) in Canada
Learn how to buy Axie Infinity (AXS) easily by following a step-by-step guide and compare 10+ crypto exchanges.
How to buy Axie Infinity
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Axie Infinity.
- Open an account on an exchange that supports AXS.
Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register. - Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Axie Infinity. - Buy Axie Infinity.
Complete your Axie Infinity purchase and then find the best wallet to store AXS.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
What is Axie Infinity?
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.
Axie Infinity (AXS) is the 48th largest cryptocurrency in the world by market cap, valued at $1,198,356,252. The current price of Axie Infinity is $14.37, which is 2.389% higher than yesterday. Prices have ranged between $15.43 and $14.04 over the past 24 hours. All prices are listed in US dollars and accurate as of July 05, 2022 09:07 UTC.
Where to buy Axie Infinity
Find an exchange to buy, sell and trade AXS by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
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Is it a good time to buy Axie Infinity?
The technical analysis gauge for Axie Infinity displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of Axie Infinity based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of Axie Infinity: moving averages, oscillators and pivots. Finder is not responsible for how AXS performs.
Axie Infinity at a glance
Information last updated July 05, 2022 09:07 UTC.
| Coin symbol | AXS |
|---|---|
| Coin Marketcap | US$1,198,356,252 |
| Total AXS supply | 270,000,000 |
| Circulating AXS | 83,102,410 |
| Current price | US$14.37 |
| All time high | US$164.90 |
| Notable team members | Trung Nguyen, Aleksander Larsen |
| Partnerships | MakerDAO, Aave, Digix |
| Industry | Gaming |
| Token uses | Governance |
| Network | Ethereum |
Axie Infinity price performance over time
Historical prices compared with the price of US$14.37.
| 1 hour | -1.66% |
|---|---|
| 24 hours | 2.39% |
| 7 days | -9.92% |
| 14 days | -1.38% |
| 30 days | -30.40% |
|---|---|
| 60 days | -50.62% |
| 200 days | -85.35% |
| 1 year | 61.32% |
Recent Axie Infinity developments
January 2022: Axie Infinity recently acknowledged that 'win-trading' has occurred on their platform. Win-trading is the act of throwing games (losing on purpose) in order to propel the winner to a higher position on leaderboars. This type of cheating occurs between players of a similar matchmaking rating (MMR). Axie Infinity has announced they will take action, including a forfeiture of season rewards, against players caught engaging in win-trading. Forfeited rewards will be place back into the play-to-earn fund and redistributed amongst players in future seasons.
How to sell Axie Infinity
You can cash out your AXS with the same exchange you bought it through:
- Sign in to the exchange you have AXS on.
If you store your Axie Infinity in a digital wallet, compare crypto exchanges to sell it on. - Place a sell order.
Choose the amount of AXS you'd like to sell. - Complete your transaction.
Confirm the sell price and fees and close your sale of Axie Infinity.
What to consider when buying Axie Infinity
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.
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Disclaimer: Cryptocurrencies, including Axie Infinity, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of AXS 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 Axie Infinity or any other cryptocurrency discussed.
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