How To Buy Axie Infinity (AXS) In The UK

A Beginner’s Guide to Buying and Selling Axie Infinity Cryptocurrency in the UK

Last Updated June 20th 2024
6 Min Read

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

The crypto sector has rapidly changed over the years, and now many coins have flooded the market, making it hard for an investor to know which ones they should add to their portfolio. Axie Infinity is among the popular tokens in the market, and its high trading volumes show that it is popular among crypto investors. 

However, every cryptocurrency suffers from the common problem of increased volatility, which is why as an investor, you need to be cautious about the coins that you are investing in. moreover, volatility is prevalent across the entire crypto space; hence investors need to be vigilant to ensure that they use the right risk management strategies. 

This guide contains information that an investor needs to know before investing in Axie Infinity. The guide is comprehensive and detailed to ensure that an investor has an easy time buying these tokens. 

What Is In This Guide? 

  1. QUICK GUIDE: HOW TO BUY AXIE INFINITY IN THE UK
  2. Where To Buy Axie Infinity (AXS) In The UK
  3. A Step-by-step Guide To Buying Axie Infinity In The UK
  4. How To Sell Axie Infinity
  5. Which Wallets Can I Use To Hold Axie Infinity?
  6. How Axie Infinity Works
  7. Key Things To Consider Before Buying Axie Infinity In The UK
  8. Conclusion

QUICK GUIDE: HOW TO BUY AXIE INFINITY IN THE UK

  1. Open an account with a UK cryptocurrency exchange
  2. Verify your account
  3. Go to the deposit section
  4. Go to the platform and select Axie Infinity
  5. Enter how many Axie Infinity tokens you want to buy
  6. Check the details and confirm your purchase

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

Where To Buy Axie Infinity (AXS) In The UK

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

List of the best Exchanges to buy Axie Infinity (AXS) in the UK:

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

  • eToro - Best broker to buy Axie Infinity (AXS) in the UK
  • Binance - Best exchange to buy Axie Infinity UK for asset diversity
  • Coinbase - Best exchange to buy Axie Infinity (AXS) for beginners
  • OKEx - Best broker to buy AXS UK for low-cost

A Step-by-step Guide To Buying Axie Infinity (AXS) In The UK 

To buy Axie Infinity in the UK, follow the below guide: 

Step 1: Create an exchange account 

The first step to buying Axie Infinity tokens is creating a cryptocurrency exchange account. There are many exchange platforms in the UK, and these come with different features. When selecting an exchange, ensure that you look at features such as the trading fees, reliability, popularity and user-friendliness. 

After choosing an exchange, you can now create your account. Opening an account is as easy as opening a brokerage account. You need to provide your name, email address and phone number. An exchange might also require you to verify your identity, in which case you have to submit your proof of identity and proof of address. 

When creating the account, take time to set up a strong password. Completing multi-factor authentication will also improve the security of your account. 

Step 2: Deposit funds into the account 

After creating the account, the second step is to add funds to that account. To fund the account, you need to link your bank credit card or debit card. Through this card, you can easily deposit funds from the bank into your exchange account. 

Once you have your funds, you can now buy Axie Infinity tokens. However, not every exchange allows users to buy these tokens directly using fiat currency. In this case, an investor needs to buy other tokens first and later choose a trading pair that includes Axie Infinity.  

Step 3: Place an order 

After funding the account, the next step is to place an order for the tokens you would like to purchase. To place the order, simply go to the buy section of the exchange to select the amount you want to spend in the transaction. Confirm your order details, and then check your email to notify you that your order has been completed. The Axie Infinity tokens bought will reflect on your exchange account. 

There are two main types of orders that you can create. This includes a market order and a limit order. If you choose the market order, you will automatically buy Axie Infinity tokens at the existing market process. However, if you choose to buy through a limit order, your purchase will be completed later when the price of these tokens hits the price you have selected in your order. 

Don't Miss: Axie Infinity Price Predictions

Step 4: Store your tokens in a crypto wallet 

After you have successfully made your purchase, the next step is to look for a place to hold your tokens safely. Cryptocurrencies are stored in crypto wallets. There are many wallets in the market to choose from, and these are divided into two broad categories that include hot wallets and cold wallets 

Hot wallets are those that will store your tokens on online platforms. They are mostly preferred by day traders because they allow the easy retrieval of assets whenever you want to sell. Hot wallets are also offered by some exchange platforms in the form of an application. 

Cold wallets will store your tokens offline. They are usually in the form of a USB drive and are mainly used by those who want to hold their tokens for a long time without selling. Cold wallets are mainly used by traders who buy large amounts of tokens. 

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

How To Sell Axie Infinity (AXS) 

Many investors will sell their tokens in the future when the prices have increased or when they want to prevent further losses. If you want to sell these tokens, the procedure is almost the same as that of buying. 

Transfer your assets from the wallet and deposit them back to the exchange. Afterwards, go to the sell section of the exchange, where you input the number of tokens you would like to sell and confirm your purchase. 

Like buying, you can choose to sell Axie Infinity for fiat currency or other cryptocurrencies. If you choose to sell for other cryptocurrencies, you can later convert these new coins into fiat that you can withdraw from the exchange through your bank account. 

Which Wallets Can I Use To Hold Axie Infinity (AXS)?

The crypto space comprises two main types of crypto wallets that include hot wallets and cold wallets. Hot wallets are those that will keep your tokens online, while cold wallets are those that will store your tokens offline. Hot wallets are less secure than cold wallets, but they are more convenient to use by regular traders. 

How Axie Infinity Works 

The crypto sector has greatly evolved over the years. One of the areas where crypto has found much relevance is in the gaming sector. Axie Infinity supports blockchain gaming, where gamers get to interact with cryptocurrencies in different gaming sessions. 

Key Things To Consider Before Buying Axie Infinity (AXS) In The UK 

Before buying Axie Infinity tokens in the UK, consider the following factors: 

Supply 

The first thing that you need to check is the supply of the token. Tokens with too much supply or those with an inflationary supply end up having low prices in the future. Having the right supply also ensures the tokens are readily available in the market. 

Fundamentals 

You should also check whether a token has strong technological backing. This guarantees that it can withstand being relevant in the future. Tokens with a strong technological backing also end up making significant gains in the future. 

Historical performance 

You should also look at how Axie Infinity has performed over the years. The price history will enable you to know the ups and downs of the tokens and the record highs that it has achieved during this time. 

Conclusion 

Axie Infinity is one of the popular tokens in the market. However, before investing in any cryptocurrency, a new investor is advised to consult with a market expert who will give them tips on managing the high risks in this area. It is also important for a trader to follow the right steps when buying and selling these tokens.

eToro – Best Exchange To Buy Axie Infinity In The UK

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 and the UK. No consumer protection. Tax on profits may apply.

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