Where to buy AVAX
You can buy AVAX from a wide range of crypto exchanges and brokerages. Buying Avalanche is easy and can be completed in minutes. While there are hundreds of brokers and exchanges eager to secure your deposits, not all are equal. So we’ve saved you time by rounding up a handful of the best ones here.
Why buy AVAX?
Avalanche aims to solve the blockchain trilemma by creating a blockchain that can deliver security, scalability and decentralisation at the same time. Much like its competitors, Solana, Ethereum, Cardano, and other layer one platforms, Avalanche allows for decentralised applications (dApps) to be built on top of it.
In its first year of operation, more than 350 dApps were created on Avalanche. These include decentralised exchanges (DEXs) such as Pangolin and Trader Joe; Kalao, a yield farming platform; and Colony, an NFT platform. For new projects, Avalanche also has its own launchpad—Avalaunch.
AVAX tokens can be staked to earn more rewards in AVAX. This helps to sustain the Avalanche network. In addition, AVAX is used to pay for transaction fees and take part in governance decisions that help pave the company’s future road map.
Alongside platforms like Cardano and Solana, Avalanche has established itself as a frontrunner in the race for Layer 1 supremacy. With fast transactions and low gas fees, many projects either steer clear of the slow and expensive Ethereum or migrate from Ethereum to other networks like, Avalanche being one of the top choices.
So, if you like the sound of Avalanche and think it has a real chance to survive beyond the next crypto winter, it could be worth a look.
Where to store your AVAX
You can keep AVAX on your trading platform or send it to a non-custodial wallet for greater control and security. You can also keep it on the official Avalanche wallet, which you can download from the Avalanche website. If you’d like a higher level of security for your crypto, however, nothing is safer than a hardware wallet. Check out some of the most popular wallets available in the table below.
To get started with any of these, you’ll need to download the required software from the Avalanche website. Then, you’re all set to send your AVAX from the exchange to your hardware wallet for safekeeping.