How To Buy Avalanche (AVAX) In Australia

A Beginner’s Guide to Buying and Selling Avalanche Cryptocurrency in Australia

Last Updated December 4th 2022
5 Min Read

If you’re based in Australia and wish to buy Avalanche – the process is very simple. All you need to do is find a regulated exchange, deposit some funds, and decide how many Avalanche tokens you want to buy.

Investing in cryptocurrencies can be a challenge to those who do not have adequate knowledge. However, a new crypto investor can find that investing in these assets is very easy with a proper guide. New investors need to understand that cryptocurrencies are volatile assets, which means that price fluctuations can lead to huge losses if you are not well prepared.

How To Buy In Avalanche In Australia – Quick Guide

To help you buy Avalanche coins as quickly as possible, we broke the process down into a few easy steps:

  • Step 1: Open an account with eToro – Head to eToro’s website and click join now to open a new account.
  • Step 2: Verification – By uploading essential documents that show proof of identity and home address, you will get your account verified in a short time. 
  • Step 3: Deposit – Fund your new eToro account with a minimum of $10. 
  • Step 4: Search for Avalanche on eToro – Search for AVAX or Avalanche in the eToro crypto market.
  • Step 5: Buy AVAX – Enter the amount of the worth of Avalanche you want to purchase in United States Dollars (USD), then click Open Trade. 

That’s it! By following these easy steps, you can invest in Avalanche in Australia in less than 5 minutes.

 

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

Where To Buy Avalanche (AVAX) In Australia 

Are you looking on how to buy Avalanche in Australia? Well, there are hundreds of crypto exchanges and brokers in Australia. This can make it hard to know which platform is right for you. 

List of the best Exchanges to buy Avalanche (AVAX) in Australia:

Looking where to buy Avalanche in Australia right now? Below you will find 4 of the best brokers that allow you to buy Avalanche in Australia. 

  • eToro - Best broker to buy Avalanche (AVAX) in Australia
  • Binance - Best exchange to buy Avalanche in Australia for asset diversity
  • Coinbase - Best exchange to buy Avalanche (AVAX) for beginners
  • OKEx - Best broker to buy AVAX in Australia for low-cost

A Step-By-Step Guide To Buying Avalanche (AVAX) In Australia 

You can buy Avalanche in Australia using fiat currencies or using other cryptocurrencies. 

Buying Avalanche with other cryptocurrencies 

You can buy AVAX using other cryptocurrencies. If you hold other tokens in your accounts such as Bitcoin, Ethereum, Tether or other top cryptocurrencies, you can easily exchange them for AVAX. In this case, you buy your tokens using trading pairs, usually labelled as BTC/AVAX, ETH/AVAX or USDT/AVAX. 

Buying Avalanche with fiat currencies 

The other available option is to buy AVAX using fiat currency, which in this case is the AUD. If you choose this option, you first need to ensure that the exchange supports the direct purchase of AVAX tokens using fiat currency. 

To buy Avalanche in Australia, follow the below steps: 

Step 1: Create a cryptocurrency exchange account

The first step is to create an exchange account. The process of opening an account is straightforward. First, you need to provide your full name and contact information, including an email address and a phone number. You might also be required to submit documents that will act as proof of address or a proof of identity. 

After creating the account, make sure that you use a strong password. Moreover, it is recommended that one sets up multi-factor authentication to ensure their assets are kept safe on the platform. 

Step 2: Deposit funds into the account 

The other step is for you to fund the account. To do this, you can link your credit card, debit card or bank account into the exchange. After having linked a funding source, you can deposit the amount you want to spend into the exchange platform and use this to buy AVAX tokens. 

As mentioned earlier, some exchanges might now have an option for the direct purchase of AVAX using fiat. In this case, you have to start by buying other cryptocurrencies that you can later exchange for AVAX. 

Step 3: Buy Avalanche 

The third step is to buy AVAX tokens. To do this, go to the buy section of the exchange and input the number of tokens you would like to buy. Afterwards, create your order, confirm the order details, and receive a notification that your order has been processed. 

You can buy AVAX tokens using a market order or a limit order. A market order will allow you to buy at the ongoing market prices, while a limit order will allow you to buy at a certain future price. 

Check Out: The 5 Best Ways To Buy Avalanche (AVAX)

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

How To Sell Avalanche (AVAX)

To sell AVAX tokens, go into the exchange platform and input the number of tokens you want to sell on the sale section. You can also sell in exchange for fiat currency or other cryptocurrencies. After your investment has been converted into fiat, you can withdraw it from the exchange through your bank account. 

Which Wallets Can I Use To Hold Avalanche (AVAX)? 

If you want to store your AVAX tokens, you need to have a crypto wallet. The two main types of wallets are hot wallets and cold wallets. Regular traders prefer hot wallets because they allow you to move your assets easily in and out of the exchange.

The other type is the cold wallet, also known as a hardware wallet. This type of wallet will store your tokens offline and ensure that they are protected. These wallets are safer, hence ideal for those with a large number of tokens or those holding for a long time.

How Avalanche (AVAX) Works 

Avalanche is one of the fastest networks in the crypto space. The network scores highly in terms of adoption by developers of decentralized finance (DeFi) projects. It, therefore, facilitates transaction processing without the need of third parties, thus offering lower fees and higher throughput.

Key Things To Consider When Buying Avalanche (AVAX) In Australia 

If you want to buy Avalanche in Australia, you need to consider the following factors:

Availability

The first thing that you need to consider is the availability of the token in the market. Availability can be measured by circulating supply and trading volumes to help you know if there is enough liquidity to help you settle your trades easily.

Performance

The other thing that you need to consider is the price performance of Avalanche over time. Evaluating the performance using the indicators and tools available in the market will help you know whether it is a good investment or not.

Don't Miss: Avalanche Price Predictions

Underlying network

You should also look at the underlying network of a token to help you realize if it has utility. In this case, Avalanche is a strong network becoming popular with DeFi developers, leading to increased utility and demand for AVAX tokens.

eToro – The Best Platform To Buy Avalanche In Australia

eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.

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

FAQs

Where can I buy Avalanche?

If you want to buy Avalanche, you need to create an account on an exchange platform. When choosing an exchange, ensure that it is reliable, popular and licensed in Australia.     

Is Avalanche volatile?

All cryptocurrencies are volatile despite the historical performance or strengths of their blockchains. Therefore, it is best to have a risk management strategy before investing in crypto.     

Can I buy Avalanche with AUD?

One can buy Avalanche with AUD. However, not all exchange platforms have this option. If an exchange does not allow the direct purchase of AVAX with AUD, you can start by buying other cryptocurrencies and exchange these for AVAX.  

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