Avalanche (AVAX) is a blockchain platform that allows developers to create and deploy decentralized applications (dApps) and other blockchain-based projects. AVAX is Avalanche's native token, used for staking, transaction fees, and as a means of exchange. One of the most popular exchanges for buying and trading Avalanche is Binance. In this guide, you will learn how to buy AVAX on Binance.
Where to buy Avalanche?
Some of the most popular exchanges to buy AVAX include Binance, Coinbase, Kraken, Bitfinex, and Huobi. When choosing an exchange to buy AVAX, it's essential to consider factors such as fees, security, user interface, and supported payment methods. It's also important to note that some exchanges may not be available in certain countries or regions.
Step-by-Step Guide on How to buy Avalanche:
Follow the below steps to buy Avalanche using the Binance exchange. If you are interested in staking your Avalanche to get yield, check out our guide on the best Avalanche staking platforms.
Step 1: Register for a Binance account
Register using our Affiliate link to get a $600 worth of welcome bonus.
The first step is to register for a Binance account; if you already have a Binance account, you can skip this step.
To register, visit the Binance website and click on the "Register" button at the top right-hand corner of the page. You will then be prompted to enter your email address and create a password. You can also simply use the main sign-up with an email or phone option.
After completing this step, you will receive an email confirmation from Binance.
Create an account using your personal phone number or email address on Binance. Registering as an entity if you are looking to buy Avalanche as a Limited company business on Binance exchange is also an option.
Step 2: Verify your identity on Binance
Before you can buy AVAX on Binance, you will need to verify your identity. To do this, click on the "Profile" button on the top right-hand corner of the page and select "Identity Verification."
Follow the instructions provided by Binance to complete the verification process.
To complete your Binance registration process and start buying crypto on the Binance platform, you will need to submit a valid government-issued passport or Driving license based on your country of residence.
Step 3: Buy AVAX
There are numerous ways to buy Avalanche on the Binance exchange, and it all comes down to your preference. We will explore some popular ways to buy Avalanche on Binance.
Option 1: Fund your Binance account with crypto
This method is helpful for anyone who already owns crypto in other platforms or wallets. Once you have transferred your Bitcoin to a Binance account, you can buy Avalanche with Bitcoin as Binance supports trading BTC/AVAX pair.
After verifying your identity, you can fund your Binance account with Crypto. To do this, click on the "Deposit" button on the top right-hand corner of the page. You will then be prompted to select the cryptocurrency you want to deposit. Select the cryptocurrency you wish to deposit and follow the instructions provided by Binance. Once your cryptocurrency has been deposited, you can proceed to buy AVAX.
On the deposit Crypto page, choose the crypto (in this case, we have selected bitcoin) and its network. Binance will generate a bitcoin address to deposit your BTC. Copy the deposit address and initiate a withdrawal on the withdrawal platform. Once the transaction is confirmed in the network, Binance will credit the Crypto for you.
Convert Bitcoin Crypto to Avalanche (AVAX)
After transferring your crypto Binance account, hover over the Trade menu at the top menubar and click on Binance Convert, where you can convert your crypto to AVAX.
What is Binance Convert?
Binance Convert is a simple tool for you to buy or sell cryptocurrencies with just a few clicks without having to go through placing orders on the trading interface. You can simply and instantly convert your crypto or fiat assets anytime with a live price based on current market conditions with zero fees.
There are two ways to convert your crypto to AVAX: Market order or Limit order.
Buying AVAX with market order: Market order allows you to convert your assets at the current market price based on the quoted price in the conversion.
Buying AVAX with limit order: A limit order allows you to place an order to convert your assets at a specified limit price. However, limit orders are executed subject to market conditions and may not be completed even if the market price reaches or crosses your limit price momentarily.
The above screenshot shows an example of placing a limit order to buy Avalanche using XRP. You can click on the bars icon next to the limit button to show the price chart of your selected crypto convert pair. Click on Confirm order to get 5 AVAX tokens into your account.
Congrats! You have now bought Avalanche by funding your Binance account with crypto and using Binance Convert.
Option 2: Fund your Binance account with Fiat
This option will benefit you if you prefer to fund your account with your preferred fiat currency beforehand. Customers can fund their Binance account with fiat currency via direct bank transfer or credit/debit card.
When using the Bank transfer method to fund your account, make sure to follow the below tips:
Your bank account name must match the name registered to your Binance account.
Please include your full name in your bank transfer's Reference/Remark section.
If the deposited amount exceeds your daily limit, Binance will divide the total payment based on your maximum daily limit.
After funding the account with fiat currency, it will be stored as your cash balance on the Binance account. Using the deposited fiat currency, you can now buy crypto using the buy crypto with Cash Balance tool.
As shown above, buy Avalanche immediately with your preferred fiat currency! You will get an estimated price of AVAX based on the currency of choice, and you simply enter the desired amount of AVAX to buy and confirm the order.
Congrats! You have now bought AVAX by funding your Binance account with fiat currency and using a Binance Cash balance.
Option 3: Buy Avalanche with a Credit/Debit Card (Popular method to buy Avalanche)
To buy AVAX on Binance using a Credit or Debit card, navigate to the Buy crypto via card page using the top page navigation menu.
On the buy crypto with card page, you will see various options to choose the fiat currency to buy Avalanche. Enter the desired amount of AVAX tokens to buy and click Continue.
Alternatively, you have the choice to buy AVAX on a recurring basis. This is when you regularly invest in cryptocurrency with a pre-determined amount and accumulate your crypto holdings over time. If you are committed to the long-term growth of Avalanche and bullish on its future price predictions, this is a great way to DCA into the Avalanche project.
In the payment method section, if you just created your Binance account, add the card details you will use to purchase AVAX.
Once you have entered the card details, you must review the order details to ensure they are correct. If everything looks good, click the "Buy AVAX" button to complete the purchase.
Congrats! You have now bought AVAX by funding with your Credit/Debit card!
Step 4: Buy Avalanche
Buy Avalanche with Paypal: Binance does not currently support purchasing Avalanche (AVAX) directly with PayPal. However, you can still use PayPal to buy cryptocurrencies on other platforms and then transfer those funds to your Binance account to purchase Avalanche. Other exchanges, such as Coinbase support Paypal payment methods to buy crypto. If you have an existing PayPal account, you'll be able to start making transactions on Coinbase right away.
Buy Avalanche with a credit card on Binance exchange: To Add a credit card, Go to the "Buy Crypto" page on Binance and select "Credit/Debit Card". Follow the prompts to add your credit card details.
Buy Avalanche with Debit Card: To Add a debit card: Go to the "Buy Crypto" page on Binance and select "Credit/Debit Card". Follow the prompts to add your debit card details.
How to Buy Avalanche with Apple Pay and Google Pay on Binance
The following steps will guide you through how to buy Avalanche using Apple Pay & Google Pay.
- Log in to your Binance account and click Buy Crypto with Credit/Debit Card.
2. Select the fiat currency according to your country and then select Avalanche crypto to buy from the list. Enter the amount and click Continue.
3. Select Apple Pay or Google Pay as the payment method after choosing AVAX to Buy.
4. Once you have successfully added/chosen your credit/debit card, click Confirm to proceed. Check the payment details carefully and confirm your order within 1 minute, or else after the 1-minute mark, the price and the amount of crypto will be recalculated. You can click Refresh to see the latest market price.
Congrats! You have now bought Avalanche on Binance using your preferred Google or Apple pay.
Step 5: Withdraw AVAX from Binance
After buying AVAX on Binance, you may want to withdraw it to a hard or soft wallet you control. To do this, click on the "Withdraw" button on the top right-hand corner of the page. You will then be prompted to enter the wallet address to which you want to withdraw your AVAX. Ensure you enter the correct address, as transactions on the blockchain are irreversible.
You must also enter the amount of AVAX you want to withdraw. Once you have entered the correct wallet address and the amount of AVAX you want to withdraw, click the "Submit" button. Binance will then process your withdrawal request, and your AVAX will be sent to the wallet address you provided.
Tips for buying AVAX on Binance
- Always double-check your order details before placing a trade to make sure everything is correct.
- Consider using the "Limit" order type instead of the "Market" order type when buying AVAX. With a limit order, you can set the price you are willing to pay for AVAX, whereas, with a market order, you will pay the current market price for AVAX, which may not be the best price.
- Consider using two-factor authentication (2FA) to enhance security after registration.
10 reasons to buy Avalanche right now
Should I buy Avalanche? If you are considering whether you should buy Avalanche or not, then the below points may provide some clarity about the project.
- Solid and Experienced Development Team: Avalanche was created by a team of experienced developers and blockchain experts with a proven track record in the industry.
- High Scalability: Avalanche is designed to handle high transaction volumes, making it a suitable platform for developers to build decentralized applications that require fast and cheap transactions.
- Interoperability: Avalanche supports cross-chain communication and interoperability, making it easier for users to transfer assets across different blockchains.
- Security: Avalanche uses advanced security protocols to protect against hacking attempts and other potential security risks.
- Low Fees: Avalanche has some of the lowest transaction fees compared to other blockchain networks, making it a cost-effective platform for users.
- Community Support: Avalanche has a growing community of developers, investors, and users who believe in the project's potential.
- Partnerships: Avalanche has partnered with several leading companies in the blockchain space, including Chainlink, Binance, and Poly Network, among others.
- Unique Consensus Mechanism: Avalanche uses a unique consensus mechanism called Avalanche-X that allows for high transaction throughput and low latency.
- Growing Adoption: Avalanche has seen increasing adoption from users and developers, indicating that it is gaining traction in the blockchain ecosystem.
- Potential for Growth: Avalanche is still a relatively new blockchain network, and as more developers and users adopt it, there is the potential for its value to increase over time.
How to buy Avalanche in the Philippines?
Choose a cryptocurrency exchange that supports Avalanche (AVAX) trading. Binance is one of the best places to buy Avalanche in the Philippines. Binance is also one of the cheapest ways to buy Avalanche in the Philippines.
How to buy Avalanche in India?
Binance is one of the best places to buy Avalanche in India. Binance is also one of the cheapest ways to buy Avalanche.
Where to buy Avalanche in the UK?
Choose a cryptocurrency exchange that supports Avalanche (AVAX) trading. Binance is one of the best places to buy Avalanche in the UK.
How to buy Avalanche in Australia?
Binance is one of the best places to buy Avalanche in Australia. Binance is also one of the cheapest ways to buy Avalanche.
How to buy Avalanche in Brazil?
Choose a cryptocurrency exchange that supports Avalanche (AVAX) trading. Binance is one of the best places to buy Avalanche in Brazil.
Where to buy Avalanche in the US?
Choose a cryptocurrency exchange that supports Avalanche (AVAX) trading. Coinbase is one of the best places to buy Avalanche in the US.