How to buy Avalanche (AVAX) in the UK
Learn how to buy Avalanche (AVAX) easily by following a step-by-step guide and comparing 10+ crypto exchanges.
How to buy Avalanche
1. Compare crypto exchanges
The easiest way to buy Avalanche is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
2. Create an account
To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready.
3. Make a deposit
Once verified, you can deposit £ using the payment method that best suits you – credit card, neteller, sofort and skrill payments are all widely accepted.
4. Buy Avalanche
You can now exchange your funds for Avalanche. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your Avalanche to your personal wallet.
Where to buy Avalanche in the UK
Find an exchange to buy, sell and trade AVAX by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Steps on how to buy Avalanche
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Avalanche.
- Compare cryptocurrency exchanges that supports AVAX.
Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
- Create an account on an exchange.
You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
- 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 Avalanche.
- Buy Avalanche.
Complete your Avalanche purchase and then find the best wallet to store AVAX.
What to consider when buying AvalancheWhen buying any cryptocurrency it is important to understand the risks associated with the underlying technology, as well as be aware of the volatile market conditions. In particular, buyers of AVAX will want to consider the following:
- Competition. Avalanche is yet another new protocol competing in the over-saturated market of base-layer blockchains. While being labeled an ‘Ethereum-killer’ may seem appealing, Avalanche is just one of many that share this title. Avalanche is certainly not alone in its focus on smart contracts and decentralized applications, with Cardano (ADA) and Solana (SOL) having similar goals and greater public exposure.
- Novelty. The Avalanche Mainnet was launched in September 2020, making it a relatively newer protocol. Because of this, the network is yet to have its vulnerabilities and potential weaknesses thoroughly tested.
- Staking. AVAX block rewards are set to vary over time in accordance with governance decisions, which means any return on investment via staking will be dynamic. In the first year after launch, the staking reward is set at a target between 7% and 12%. Users may prefer the stable return rate from pegged tokens like Tether (USDT) or Binance USD (BUSD).
How to sell Avalanche
You can cash out your AVAX with the same exchange you bought it through:
- Sign in to the exchange you have AVAX on.
If you store your Avalanche in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of AVAX you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Avalanche.
Disclaimer: Cryptocurrencies, including Avalanche, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of AVAX 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 Avalanche or any other cryptocurrency discussed.
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