A Beginner’s Guide to Buying and Selling Axie Infinity Cryptocurrency in Australia
If you’re based in Australia 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.
Investing in cryptocurrencies is not easy because of the highly volatile prices of these assets. However, as a beginner trader who has researched and consulted with market experts about crypto investments, they could make the most out of this market. One of the popular cryptocurrencies in the market with much potential is Axie Infinity.
How To Buy Axie Infinity In Australia – Quick Guide
To help you buy Axie Infinity 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 Axie Infinity on eToro – Search for AXS or Axie Infinity in the eToro crypto market.
- Step 5: Buy AXS – Enter the amount of the worth of Axie Infinity 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 Axie Infinity 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 Axie Infinity In Australia
Are you looking on how to buy Axie Infinity 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 Axie Infinity (AXS) in Australia:
Looking where to buy Axie Infinity in Australia right now? Below you will find 4 of the best brokers that allow you to buy Axie Infinity in Australia.
- eToro - Best broker to buy Axie Infinity (AXS) in Australia
- Binance - Best exchange to buy Axie Infinity in Australia for asset diversity
- Coinbase - Best exchange to buy Axie Infinity (AXS) for beginners
- OKEx - Best broker to buy AXS in Australia for low-cost
A Step-by-step Guide To Buying Axie Infinity (AXS) In Australia
You can buy Axie Infinity in Australia using fiat currency or using other cryptocurrencies.
Buying Axie Infinity with other cryptocurrencies
You can choose to do a token swap where you exchange one token for Axie Infinity. This option is mostly used when using an exchange that does not allow the direct purchase of Axie Infinity using fiat currency. To buy Axie Infinity with other cryptocurrencies, you can select a trading pair such as BTC/AXS or ETH/AXS.
Buying Axie Infinity with fiat currencies
If the exchange supports you in buying Axie Infinity using fiat directly, this is a more convenient and straightforward way to buy AXS tokens. However, if you want to use this option, ensure the exchange supports the purchase of tokens using AUD.
To buy Axie Infinity in Australia, follow these steps:
Step 1: Open an exchange account
The first step is to create a cryptocurrency exchange account. Registering an account is easy because you will only need your name, email address and phone number. However, if you want to transact on the exchange, some will require completing a know-your-customer (KYC) protocol.
If you want to boost the security of your account, set up a strong password and complete a two-factor authentication process.
Step 2: Fund the account
After creating the account, you also need to fund it. To do this, go to the link card section and link your credit card or debit card. After that, you can transfer some money from your bank to the exchange to buy Axie Infinity tokens.
If an exchange does not have an AXS/AUD trading pair, you can choose to buy another cryptocurrency such as Bitcoin and then select a pair that allows you to trade Bitcoin for Axie Infinity.
Step 3: Buy Axie Infinity
The third step is for you to buy Axie Infinity tokens. To do this, go to the buy section of the exchange and state the number of tokens you want to buy. After confirming the details of your transaction, you will be notified when the order has been fulfilled. The number of Axie Infinity tokens that you have bought will appear on your screen.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How To Sell Axie Infinity (AXS)
If you want to sell Axie Infinity, go to the sell section of the exchange and then input the number of tokens you want to sell. Confirm your sale, and then you will receive a notification that the transaction has been processed. You can choose to sell Axie Infinity tokens for fiat currency or other cryptocurrencies.
Which Wallets Can I Use To Hold Axie Infinity (AXS)?
If you want to store Axie Infinity tokens, you will need a crypto wallet. There are two broad categories of crypto wallets: hot wallets and cold wallets. Hot wallets will store your tokens on online platforms. Such wallets come with convenience when you want to trade AXS tokens frequently.
The other type of wallet is the cold wallet. This wallet will store your tokens offline. It is more secure than a safe wallet because your assets will not be compromised if there is an issue with the exchange platform that you are using.
How Axie Infinity (AXS) Works
Axie Infinity works through blockchain technology. This technology is behind the development of every cryptocurrency, and it offers features such as security and fast speeds. Unlike most networks, Axie Infinity does not seek to offer payment service solutions but be a game-changer in crypto gaming.
Key Things To Consider When Buying Axie Infinity (AXS) In Australia
Before buying Axie Infinity in Australia, you need to consider the below factors:
Availability
The first thing you need to check is the availability of a token in the market. If the token is available, it means that your trades will be settled fast and easily. It also means that other traders are also looking to buy these tokens.
Performance
One of the recommended trading strategies in crypto is evaluating historical performance. This data is readily available on online platforms, and it will help you know whether you are investing in an asset that has potential for gains.
Don't Miss: Axie Infinity Price Predictions
Technological support
You also need to look at whether the asset has any use cases beyond it deriving value from speculation. Axie Infinity has strong technological support due to its use case in crypto gaming, making it a good investment.
eToro – Best Exchange To Buy Axie Infinity 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
Is Axie Infinity volatile?
All cryptocurrencies are highly volatile, meaning that their prices can fluctuate very fast. Axie Infinity does not escape this volatility; hence a trader needs to implement the right trading strategies.
Is Axie Infinity a good investment?
There are several factors you need to consider to know if an asset is a good investment. Such factors include looking at the historical performance of an asset and whether it has a technological use case.
Where can I buy Axie Infinity?
You can buy Axie Infinity from a cryptocurrency exchange platform. However, before opening an account with any exchange, ensure that it supports Axie Infinity and has user-friendly features.
Read More:
How To Make (Or Lose) Money With Axie Infinity (AXS)
Is Axie Infinity (AXS) A Good Buy?