Best Methods On How To Earn Avalanche (AVAX) Coins Fast

How Can I Get Avalanche (AVAX)?

Last Updated March 25th 2022

13 Min Read

Avalanche (AVAX) is one of the best performing cryptocurrencies in 2021. In this article, Trading Education will share numerous methods on how to earn Avalanche coins fast. The information provided herein will embolden you to find the best methods on how to earn Avalanche (AVAX) fast.

Avalanche (AVAX) reached an all-time high of $146.22 on Sunday, 21st November 2021 after opening at $3.15 on 1st January 2021. This led to a change in the perception of millions of traders and investors about the token and its protocol.

This was because testing such a milestone meant that AVAX had returned more than 4,000% year-to-date for fans that purchased more of the token during the start of 2021.

This means that a $1,000 investment on the 1st day of 2021 could have bought 317.46031746 AVAX.

Suppose an investor held onto the coins when it reached a new all-time high in November, the $1,000 investment would have matured to $46,419 in ten (10) months.

Due to profit-taking and selling pressure across the whole crypto finance space, AVAX has succumbed to some dips towards the end of November.

Considering Avalanche began the last quarter of 2021 on a good note, several analysts and experts believe that the crypto trading asset will find strong support that will usher it into a new bull cycle in 2022 and beyond. Others think AVAX could reach new milestones such as $200 in the near term, $500 in the medium term, and $1,000 in the long term.

Such forecasts have led to great interest in the cryptocurrency.

This is evident by the numerous questions that continue to trend online on social media platforms (Quora, Telegram, Facebook, Twitter, and Reddit) and search engines (Google, Yahoo, and Bing).

Some of the questions about Avalanche include but are not limited to is Avalanche a good investment, should I invest in Avalanche, is it worth investing in Avalanche (AVAX), should you buy Avalanche, and is Avalanche better than Ethereum?

One of the questions which continue to gain mileage is what are the best methods on how to earn Avalanche (AVAX) coins fast?

Such a question yields millions of results due to the insatiable needs of traders and investors to own more AVAXs and make enormous gains should the coin reach new high highs.

There are several best methods on how to earn Avalanche coins fast, therefore you do not have to dream about owning AVAX anymore.

How Can I Earn Avalanche (AVAX) Coins Fast?

Below, Trading Education lists the best methods on how to earn Avalanche (AVAX) fast. These methods have been tried and tested by our experts. Their cumulative knowledge on the best methods to earn AVAX fast is:

1. Getting Paid in Avalanche (AVAX)

2. Lending Avalanche (AVAX) for Profits

3. Earn Avalanche Coins through Promotions

4. Earn Avalanche (AVAX) through Staking

5. Earn Avalanche (AVAX) through Trading

Why Avalanche (AVAX) Coins?

Before we zoom straight into the best methods on how to earn Avalanche fast, it will be in your interest to get to know more about the Avalanche crypto project.

Therefore, one of the questions we need to answer is, why Avalanche?

Avalanche is a layer one blockchain protocol founded by Cornell University Professor Emin Gun Sirer and Computer Scientists Kevin Sekniqi and Maofan Ted Yin in July 2020.

The Avalanche Project was launched by AVA LABS.

As a smart contracts-backed blockchain, Avalanche is a platform for decentralized applications (DAPPS) and custom blockchain networks.

Like all protocols, users of Avalanche can send and receive AVAX tokens without the help of third parties such as traditional financial institutions, clearinghouses, and insurance companies.

Some of the benefits of owning AVAX are briefly discussed below.

1. Cheaper Way for Paying for Online Services

AVAX is a governance token that oversees transactions on the Avalanche Blockchain. Therefore, the cryptocurrency is used in settling all decentralized finance-related activities in the ecosystem.

Because of its highly scalable nature as a result of its reliance on proof-of-stake (POS), Avalanche has one of the blazingly fast, low-cost, and environmental-friendly systems in the crypto finance space.

Aside from activities in the Avalanche ecosystem, AVAX can be used as a transactional currency indirectly.

On wallets such as MetaMask, you can swap AVAX for mainstream transactional currencies such as Ether (ETH) and Binance Coin (BNB). Since these tokens are integrated with millions of merchants, your swapped AVAX can be used to pay for several goods and services.

2. Draws You Closer to the Decentralized Finance (DeFi) Market

The decentralized finance (DeFi) market is a multi-billion industry. As of Thursday, 25th November 2021, the market capitalization of the whole DeFi space was $100,080,093,271 ($100 billion).

Trading volume on decentralized finance assets stood at $13,798,143,926 ($13.7 billion) from Thursday, 18th November 2021 to 25th November 2021.

In Dapp Radar’s Industry Report: Q3 2021 Overview, the total value locked in DeFi rose 53.45% from the second quarter and reached $178.12 billion in the third quarter.

Although the space continues to be dominated by Ethereum, Avalanche was cited as one of the blockchains that continues to bring strong competition to Vitalik Buterin’s innovation.

By owning AVAX, you will be exposed to decentralized applications and protocols on the Avalanche ecosystem such as Lydia Finance, Pangolin Exchange, Elk Finance, Yeti Swap, Penguin Finance, and Teddy Cash among others.

On Thursday, 4th November, the Avalanche Foundation launched a $200 million Blizzard Fund to entice innovation to its chain. The impact of the launch contributed largely to the new all-time high of the token.

This means that in the long term, with more innovations on the platform, AVAX will see more liquidity in the ecosystem which will translate to an increment in the valuation of the coin.

3. Provides Passive Income

Avalanche (AVAX) is listed for trading by Crypto.Com, Coinbase, and other exchanges. The two exchanges allow users to earn on their AVAX holdings through staking.

The annual percentage yields (APYs) range from 5% to 7%.

Although low, this is better than the infinitesimal returns offered by mainstream financial assets.

If you decide to hold onto your AVAX tokens for a long time, there is a huge chance you will see consistent passive income.

4. High Growth Potential

You should know that Avalanche is still a novelty in the saturated market of crypto projects. The project has less than five (5) years of experience and so does its novel token, AVAX, as a crypto trading asset.

Despite these, Avalanche has accomplished more in a short period than several projects in the space.

This is what has contributed to its market valuation skyrocketing which has made AVAX a top 15 digital asset by market capitalization.

There are more than one hundred (100) decentralized applications on Avalanche. As the project branches into non-fungible tokens (NFTs) and other areas in the space, it could potentially become an Ethereum Killer.

In the long term, you should know that owning AVAX can be beneficial if new milestones forecasted by analysts and experts are surpassed.

Read Also: Avalanche Price Predictions

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Best Methods On How To Earn Avalanche (AVAX) Coins Fast

1. Get Paid In Avalanche (AVAX)

One of the fastest and easiest ways to earn Avalanche is to get paid in AVAX.

Gone are the days when people had to relocate to different geographical settings before they could work full-time.

Thanks to the advancement of technology and the decentralized nature of work, you could work from anywhere across the globe as long as you have internet access.

Remote, part-time, and full-time jobs currently allow employees to take up salaries in the form of cryptocurrencies, aside from the normal traditional banking system mode of payment.

This has created several opportunities to earn cryptocurrencies fast. Depending on your niche, you can take up jobs as a graphic designer, content writer, search engine optimization specialist, recruiter, editor, proofreader, and freelance journalist.

After the completion of your task, you can ask the client to pay you in AVAX if they are open to doing so. All you have to do is to share your wallet address with the client.

Wallets that support AVAX are MathWallet, Coinomi Wallet, Coin98, MetaMask Wallet, Ledger Nano X, and Avalanche Wallet.

So do not wait, start searching for work on marketplaces such as Indeed, Monster, ZipRecruiter, Freelancer, Upwork, Giggrabbers, Guru, goLance, People Per Hour, and Craigslist among others. Getting paid in AVAX through work is one of the best ways to earn Avalanche coins fast.

2. Lending Avalanche (AVAX) For Profits

AVAX holders know that they can make more coins by using the profits from lending to buy AVAX tokens.

A great example of this can be attributed to finding a cryptocurrency trader, decentralized finance enthusiast, growth investor, blockchain technology specialist, or value investor more knowledgeable in the crypto finance space and lending them money.

Using their extensive knowledge in trading coupled with the possibilities of the Avalanche ecosystem; they can successfully trade AVAX for fiat currencies or other cryptocurrencies and make huge gains.

Suppose you lend an expert $1,000 and the investment grows to $2,500, you will make a profit of $1,500. You can then invest this profit into buying more AVAX coins.

Practically, one sure way of earning Avalanche coins fast is from interest payments from becoming a liquidity provider (LP) on decentralized applications such as Yeti Swap, Abracadabra.Money, Lydia Finance, Swift Finance, Penguin Finance, Teddy Cash, Beef Finance, Snowball, StormSwap Finance, and Gondola Finance among others.

Aside from these DAPPS, there are Ethereum DAPPS such as Aave and Curve that are also deployed on Avalanche. You can use AVAX to provide liquidity to these platforms as well.

By joining several liquidity pools, you can earn impressive APYs which can be used to purchase more AVAX tokens.

Trading Education Advice: Inasmuch as there are several legitimate ways to earn AVAX coins through percentage yields and interests, you should know that there are shadow agencies that are also interested in compromising your accounts and taking off with your AVAX tokens. Earn AVAX Coins cautiously.

3. Earn Free Avalanche (AVAX) Through Promotions

Promotions are one of the best methods to earn AVAX coins fast.

Did you know that several AVAXs are being given away annually for a four (4)-year period?

As per the whitepaper of Avalanche, the maximum supply of AVAX is 720 million. At the time of writing, there are 245 million coins in circulation.

Excerpts of the AVAX token distribution are as follows.

10% of AVAX tokens (72 million coins) are supposed to be distributed to the team within a four (4)-year period.

5% of the AVAX tokens (36 million coins) are supposed to be distributed to strategic partners within a four (4)-year period.

More importantly, 2.5% of AVAX tokens (18 million coins) are supposed to be distributed to AVAX token holders in the form of airdrops over a four (4)-year period.

What is an airdrop? According to analyst Jake Frankenfield at Investopedia, “An airdrop, in the cryptocurrency business, is a marketing stunt that involves sending coins or tokens to wallet addresses in order to promote awareness of a new virtual currency.” In this situation, what happens is small amounts of AVAX are sent to the wallets of active members of the Avalanche blockchain community for free.

A total of 18 million coins can be broken down to 4,500,000 (4.5 million AVAX coins per year) and 375,000 AVAX tokens monthly. Considering the Avalanche crypto project is 17 months old, there are 31 months of airdrops.

This means that in the future, as an active AVAX wallet holder, you stand a chance of earning part of 11,625,000 (11.6 million) AVAX tokens for free.

Trading Education Advice: When you invest in Avalanche or any other cryptocurrency, you should stay updated with the new trends associated with that project. This way, you stay up to speed with dates for new airdrops and other promotions that could see you earn free AVAX tokens.

4. Earn Avalanche (AVAX) Through Staking

Staking cryptocurrencies such as AVAX which employs the proof-of-stake (POS) model to process payments is a process that involves committing some of your tokens to support the Avalanche blockchain network and confirm transactions.

As per the whitepaper of the Avalanche crypto, there is a 50% staking reward for long-term holders of the token.

Before you stake Avalanche, you must consider the following.

As of November 2021, the minimum time for staking AVAX is two (2) weeks.

In addition to this, you should know that the minimum requirement for staking AVAX is 2,000 coins. Trading below $150, you should have approximately $300,000 worth of AVAX tokens.

Moreover, you should know that the annual reward for staking AVAX is 11.57%.

So, in case you have $300,000 worth of AVAX tokens, you stand a chance of making interest of $34,710.

With such a sum, you can buy 267 AVAX tokens and add them to your crypto portfolio.

Don't Miss: How To Stake Avalanche (AVAX)

5. Earn Avalanche (AVAX) Through Trading

Trading Avalanche (AVAX) on centralized cryptocurrency exchanges such as Mandala Exchange, Coinbase, Binance, FTX, CoinTiger, Huobi Global, OKEx, Crypto.com, Bitrue, BitMart, and OKCoin are some of the fastest and most popular methods of earning AVAX tokens.

Aside from centralized exchanges, you can trade AVAX on a decentralized exchange, PANGOLIN by swapping cryptocurrencies.

Moreover, PaySafe’s subsidiary SKRILL also supports the trading of Avalanche. You can buy and sell AVAX if you are a fully verified Skrill wallet holder.

Adhering to the principles of trading, you can SELL the worth of your investments when you reach your price ceiling.

With a relatively lower price than parent crypto Bitcoin (BTC), Ether (ETH), and Binance Coin (BNB), you can buy several AVAX tokens with less capital.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Final Take

Although there are several methods through which you can earn Avalanche (AVAX) coins fast, due to the unpredictable nature of the cryptocurrency market, you should know that each method comes with its own set of risks.

In the crypto world, you should know that investment decisions come down to risks and rewards. Therefore, always ask the question, do the potential rewards of earning Avalanche (AVAX) through a particular method exceed the possible risks associated with that particular method?

As an unsophisticated trader or investor, you will be offered thousands of ways to earn AVAX coins fast.

Do not fall for so-called experts across social media fees.

Instead, do all you can to understand all the preferred methods of earning AVAX tokens.

Many analysts and experts continue to recommend TRADING as the best method to earn AVAX coins fast. This does not mean this method is a sure way to enormous gains.

Diversification is the name of the game in investment. Therefore, cast your net wide and use all the methods provided in the article.

If you choose to follow the recommendation of experts and earn AVAX through trading, you must practice with a DEMO ACCOUNT before risking your funds on a LIVE ACCOUNT.

Take a stake in the decentralized finance revolution. You could become one of the next crypto millionaires who made it from investing in cryptocurrencies.