What is 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.
How to buy Avalanche (AVAX)?
Here's how to buy Avalanche on Coinsquare
To buy Avalanche, simply follow these steps:
1. 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.
2. Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
3. 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 price and convert AVAX to CAD or USD on the platform.
4. 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.
5. Buy Avalanche (AVAX)
Congratulations! You’re now the proud owner of AVAX. You can either HODL or use it to exchange AVAX to CAD.
Where do I keep my Avalanche (AVAX)?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. We’re constantly organizing funds to ensure our customers trade instantly and securely. There are different storage options available for your cryptocurrency, your choice should ultimately be the one that suits your needs. Mobile and web wallets can make transactions easy as the currencies are accessible directly from your phone or device, whereas hardware wallets are best suited for secure, long-term storage as they eliminate the vulnerability found in online environments.
Ready to add Avalanche (AVAX) to your portfolio?
Create your account, fund it with spare change and get a little bit of AVAX.
