How To Buy Axie Infinity (AXS) In The USA 

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

Last Updated December 4th 2022
5 Min Read

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

When it comes to investing in cryptocurrencies, even expert investors can make mistakes because of the volatile nature of these assets. The prices of cryptocurrencies can change in an instant such that an asset that was making gains one day can make extreme losses the next day. 

One of the strategies used by expert traders is investing in a popular token and one that has technological value. Axie Infinity is an example of such tokens. The token has made major gains across the market because it has a strong use case beyond just being used as a speculative asset. 

This guide will take you through the process of buying Axie Infinity in the USA. The guide is well detailed to ensure that a new investor will know the right process to follow to have AXS tokens in their investment portfolio.

What's In This Guide?

  1. QUICK GUIDE: HOW TO BUY AXIE INFINITY IN THE USA
  2. Where To Buy Axie Infinity (AXS) In The USA
  3. A Step-By-Step Guide To Buying Axie Infinity In The USA
  4. Store In A Crypto Wallet
  5. How To Sell Axie Infinity 
  6. Things To Consider When Buying Axie Infinity In The USA
  7. Conclusion 

QUICK GUIDE: HOW TO BUY AXIE INFINITY IN THE USA

  1. Open an account with a US 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

 

Where To Buy Axie Infinity (AXS) In The USA

Are you looking on how to buy Axie Infinity in the USA? Well, there are hundreds of crypto exchanges and brokers in the USA. 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 USA:

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

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

buy axie infinity

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

A Step-By-Step Guide To Buying Axie Infinity (AXS) In The USA

If you want to buy Axie Infinity in the USA, you can follow the below steps: 

Step 1: Open a cryptocurrency exchange account 

The first step in buying Axie Infinity tokens in the US is to open a cryptocurrency exchange account. You need to select an exchange that you are going to use in making your purchase. With many exchanges being available in the market, you need to consider security, reliability and types of features available to know whether it will be a good fit. 

To open the account, you need to input your full name, email address and phone number. When giving out your personal details, it is always advisable to use the correct details because the exchange might require you to fulfil a Know-your-Customer verification where you submit a document such as a government-issued ID. 

When setting up the account, you also need to ensure that you use a strong password to keep your account safe. Some exchange platforms will also recommend setting a multi-factor authentication to ensure only you can access your account. 

Step 2: Fund your account 

You should also fund your account to have a means that you will buy AXS tokens. You can fund your account through fiat currency. In this case, you can link your bank account to the exchange and then deposit the amount you want to spend in buying AXS tokens. 

However, it might not be possible for you to buy AXS tokens directly using USD because of restrictions set up in some exchange platforms. In this case, you will have to go through a longer route where you start by buying other cryptocurrencies such as Bitcoin and Ethereum. You can later buy AXS using these assets through trading pairs listed as BTC/AXS or ETH/AXS.

Step 3: Buy Axie Infinity tokens 

After funding your account, the remaining part is for you to place your order so that you can add Axie Infinity into your portfolio. Buying the tokens is also an easy process because all that is needed is to go to the buy section of your exchange account. Once there, input the number of AXS tokens that you would like to purchase. 

To buy the tokens, you can select between a limit order and a market order. These are the two most common types of orders in the market. With a market order, your purchase will be done at the market price of AXS at the time. 

However, with the limit order, you select the ideal price at which you would like to buy the tokens, and your order will be fulfilled instantly when the price of AXS tokens hits the set price. 

Don't Miss: Axie Infinity Price Predictions

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

Store Your Tokens In A Crypto Wallet 

Once you have purchased your assets, the next step is to store these assets in a crypto wallet. Wallets keep your tokens safe, and they ensure that you can easily retrieve them whenever you want to sell them. 

There are two main types of wallets: online wallets and hardware wallets. Online wallets, also known as hot wallets, will keep your tokens secure on an online platform. However, hot wallets are only recommended when dealing with a small number of AXS tokens and when you want to be regularly trading. 

The other type of crypto wallet is the hardware wallet, also known as a cold wallet. This wallet will store your AXS tokens offline in a hardware device such as a flash drive. These wallets come with more security if you are dealing with a large number of tokens. They are also ideal for those who want to hold their assets for a long time. 

How To Sell Axie Infinity (AXS)

After holding AXS tokens, you might want to sell them at a later date for reasons such as making profits. You can sell these tokens through the sale section of the exchange. On this page, you input the number of tokens that you would like to sell. You will sell your tokens at the prevailing market prices. 

Just like buying, you can sell Axie Infinity tokens for other cryptocurrencies or for fiat currency. Even if you sell for other cryptocurrencies, you will still need to convert them to fiat for you to withdraw from the exchange. 

You can withdraw fiat currency from the exchange and into your bank account if you have linked that bank to the exchange. 

Things To Consider When Buying Axie Infinity (AXS) In The USA

If you want to buy AXS in the US, you need to consider the following factors: 

Technological fundamentals 

You need to check whether the token has an underlying technology that gives it a strong use case. With strong fundamentals, the token will have increased utility because it will be used to support the activities of the underlying network. 

Availability 

You also need to assess the availability of a token before making an investment decision. Availability will ensure that there is enough liquidity in the market to enable the exchange to settle your trades swiftly when needed. 

Historical performance 

The other thing that you need to assess is the historical performance of the token. This will enable you to know the highs and lows that the asset has made over the years. 

Check Out: Could Axie Infinity Be A Millionaire-Maker Coin?

Conclusion 

Axie Infinity is one of the popular tokens in the market. The token has strong underlying technology, making it one of the recommended tokens that one can invest in. However, before investing in these assets, one needs to ensure that they consider high volatility and the risks that come from crypto investments. 

buy axie infinity

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

Read More:

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