Avalanche (AVAX)
All prices are in USD.
How to buy Avalanche
AVAX
Avalanche is an open, programmable blockchain platform for building decentralized applications (Dapps) and smart contracts. Its unique architecture features separate blockchains for token swaps, Dapps, and validators, which enables greater scalability. Avalanche is compatible with Solidity – Ethereum’s programming language – and can be used to deploy custom private or public blockchains as “subnets.” You can buy and sell AVAX for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade AVAX for BTC the same way you trade CAD for USD. You can also trade AVAX to CAD based on the AVAX price. To learn how to buy Avalanche / AVAX, scroll down to see how to buy Avalanche.
Here’s how to buy Avalanche on Coinsquare
Buying Avalanche is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for Avalanche, which trades as AVAX. Based on when you think you can get a good AVAX price, you should be able to trade AVAX to CAD.
To buy Avalanche, simply follow these steps:
Sign up for a Coinsquare account and verify your identity
This is the first step to buying AVAX. Verifying your identity helps us to properly connect your funds to your account.
Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
After funding, select AVAX from the list on the trade section
Coinsquare lets you trade AVAX without leaving the app. You can also check the Avalanche stock price and convert AVAX to CAD on the platform.
Select a currency you’ve funded and use it to check the AVAX price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
Buy AVAX
Congratulations! You’re now the proud owner of AVAX. You can either HODL or use it to exchange AVAX to CAD. To the moon!
Launched in 2020 by Ava Labs (which was founded by Emin Gün Sirer), Avalanche is an Ethereum competitor that facilitates the creation of custom blockchains (including private blockchains) and decentralized applications (dApps). Deploying smart contracts on Avalanche cost just a tenth of what they cost on Ethereum as it eliminates the dependency on high gas fees, front-running, and other adverse effects of slow smart contract blockchains.
You may want to consider buying AVAX if you would like to:
Diversify your portfolio by introducing a variety of cryptocurrency assets
Participate in staking in Avalanche’s consensus process
Invest in Layer-1 blockchain platforms
Exchange it for cryptocurrencies such as Bitcoin to buy and sell goods online
Where do I keep my AVAX?
Ready to add AVAX to your portfolio?
Prices and percentage changes are for information purposes only and in no way reflect Coinsquare Ltd.’s speculation of market direction. Past performance is not an indicator of future performance. Please find our Risk Disclosure statement here.