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Start trading Avalanche (AVAX) with our comparison winner Bitvavo
- European crypto exchange
- 10 Euro Bonus
- Deposit via PayPal and instant transfer (Klarna)
If you want to buy Avalanche (AVAX), there are a variety of factors you should consider. Especially in the crypto market, it is important to thoroughly examine the cryptocurrency, as well as the trading platform. In this guide, we will explain how and where you can invest in the cryptocurrency Avalanche.
Where to Buy Avalanche?
Avalanche has established itself on the market in recent years. With a market capitalization of around 12.7 billion US dollars, AVAX is ranked ninth among the most valuable cryptocurrencies. Therefore, you can now trade Avalanche on all reputable crypto brokers and exchanges. However, most providers differ primarily in user-friendliness, security, and fees for buying AVAX. We have presented the three best trading platforms for buying Avalanche in our opinion in the following overview:
Bitvavo, one of the leading exchanges from Europe (Netherlands) with a large selection of cryptocurrencies. PayPal deposit possible. Extra: 10 Euro bonus when registering via CoinPro.ch
Regulated provider from Austria - specializing in trading Bitcoin, Ethereum, stocks and many other assets.
With several hundred thousand customers worldwide, Binance is one of the top 10 largest and most well-known exchanges. The use of the exchange is free of charge, with fees only applying to the purchase and exchange of cryptocurrencies.
What to Consider when Buying Cryptocurrencies like Avalanche?
The list of trading platforms where you can buy Avalanche is long. However, it is not as easy as it seems when you ultimately decide to buy. The individual crypto exchanges and brokers for Avalanche differ greatly in handling, security, and deposit options. There are a few things you should consider before you start buying Avalanche.
- Buy real AVAX tokens or just CFDs: CFDs only reflect the price of a cryptocurrency. Although you can earn money with cryptocurrencies like Avalanche, you do not own the cryptocurrency and cannot use it. Avalanche CFDs are suitable for investors who only want to participate in the price increase of AVAX.
- The custody of the AVAX tokens: If you buy real Avalanche coins instead of CFDs, you have to take care of the custody yourself, as there is no deposit insurance for your cryptocurrencies.
- Fees for buying Avalanche: Furthermore, you should choose a platform that charges the lowest possible fees for buying Avalanche.
- Is the trading platform where I can buy Avalanche safe and reputable? CoinPro.ch has tested countless trading platforms over the years. Therefore, we only recommend crypto brokers and exchanges for Avalanche that require a certain level of security.
This list could certainly be extended to infinity. We would like to answer these questions for buying Avalanche with the following chapters so that you can buy AVAX as easily as possible. The three providers mentioned above that we presented are all suitable for buying Avalanche quickly and securely.
Basically, a distinction is made between so-called crypto brokers and crypto exchanges when it comes to buying Avalanche coins.
Buy Avalanche from a Crypto Broker
The easiest way for beginners to invest in cryptocurrencies like AVAX is to buy Avalanche through a crypto broker. With a crypto broker, you can buy Avalanche without having to worry about custody. There are some crypto brokers where you cannot transfer your cryptocurrencies. The disadvantage is obvious.
The advantage, however, is that you don’t have to be afraid of a hack of your cryptocurrency. In this case, it is like buying AVAX CFDs. Furthermore, the user interface of a crypto broker is much easier to understand than that of a crypto exchange.
A crypto broker is particularly well suited for buying a cryptocurrency because you do not trade with other users of the platform, but always with the trading platform itself. The broker guarantees you Avalanche at a certain buying and selling price. There is a small difference between the two prices. This is the so-called spread, which represents the fee of a broker. One of the best crypto brokers on the market is undoubtedly Bitpanda. But the Bitvavo crypto exchange also offers a broker-like overview.
Another argument for using a crypto broker is the fact that in addition to cryptocurrencies, you can often trade numerous other asset classes such as stocks, ETFs, or commodities. So with the use you have an all-in-one platform for the diversification of your portfolio.
Buy Avalanche on a Crypto Exchange
The other option for investing in cryptocurrencies like AVAX is to use a crypto exchange like Binance, Coinbase, or Kraken. On these platforms, you always trade with other users without coming into direct contact with them. A crypto exchange therefore acts as an intermediary between the buyer and seller in this case.
The big advantage of crypto exchanges is that you usually have significantly more trading options that you can use. In addition to margin trading, these often include numerous other functions such as staking or lending programs. In addition, crypto exchanges have far more cryptocurrencies on offer. The fees are also significantly lower at crypto exchanges such as Kraken or Binance than the fees at brokers.
If you buy Avalanche on a crypto exchange, you can transfer it to your own hardware wallet at any time. However, keep in mind that this also comes with a great responsibility. Only you are responsible for your transactions. If you leave your AVAX tokens on the crypto exchange and they are lost, for example, due to a hack, the crypto exchange cannot help you either.
With several hundred thousand customers worldwide, Binance is one of the top 10 largest and most well-known exchanges. The use of the exchange is free of charge, with fees only applying to the purchase and exchange of cryptocurrencies.
Avalanche Forecast: Will AVAX Continue to Rise?
Before we give an Avalanche price forecast for 2024 and examine whether the AVAX price could continue to rise, we will first take a look at the previous price development of Avalanche.
- Avalanche
(AVAX) - Price $23.64
- Market Cap
$9.97 B
If we look at the previous price history of Avalanche, we quickly realize that the AVAX price has made a breathtaking development in the past. Avalanche has now coped well with the crypto winter after 2021. Nevertheless, there are two cases that we need to consider if we want to give an Avalanche forecast.
Avalanche is one of the potential “Ethereum killers” alongside Polkadot (DOT), Cardano (ADA) and Solana (SOL): In order to prevail as a platform for decentralized applications (dApps), Avalanche works with three chains instead of a single blockchain, which are intended to provide relief. This is intended to create a scalable network. Time will tell whether this succeeds.
Case 1: Avalanche Becomes the Ethereum Killer
This is the most optimistic assumption for the future course of Avalanche. If we assume that Avalanche passes Ethereum as a smart contract platform, we can assume in the long term that Avalanche will reach a market capitalization of at least 550 billion US dollars (unless there is a strong devaluation in the cryptocurrency sector). With the current circulating supply of around 434 million AVAX, Avalanche could reach a price of approximately 1,267 US dollars.
Important: For Avalanche, the maximum circulating supply is set at 720 million AVAX. However, the fees on the Avalanche network are burned again through a burning mechanism, so that a decreasing circulating supply is achieved in the long term. With a maximum token number of 720 million AVAX, the price would also be “only” around 764 US dollars with a market capitalization of 550 billion US dollars.
Start trading Avalanche (AVAX) with our comparison winner Bitvavo
- European crypto exchange
- 10 Euro Bonus
- Deposit via PayPal and instant transfer (Klarna)
Case 2: Avalanche Cannot Prevail
This scenario is also possible. Avalanche is currently facing prominent competitors such as Cardano, Polkadot, or Solana. Under certain circumstances, none of the examples mentioned could prevail even as a second platform behind Ethereum. If Avalanche does not manage to create a scalable solution for dApps and does not find a large application among developers, the AVAX price should approach 0 in the long term.
But which of the two cases are likely? It is of course always very difficult or impossible in advance to give an Avalanche price forecast that is 100 percent accurate. There are simply too many factors that affect the price of a cryptocurrency. We consider it very unlikely at the current time that Avalanche will soon outrank Ethereum. In general, Ethereum is only standing in its own way with a failing Ethereum 2.0 upgrade. At the same time, it is too early to write off or praise one of the aforementioned “Ethereum killers”. It should come as no surprise if Avalanche sets a new all-time high in the next bull run, as the ecosystem of the network is growing rapidly.
A technical analysis can also make sense in order to predict a potential price development. However, keep in mind that the price development from the past is no guarantee for the future of Avalanche and in a technical analysis, the data from the past is used to determine the future Avalanche price. In the near future, we will provide you with a more detailed AVAX price forecast that takes into account technical and even more fundamental data.
Start trading Avalanche (AVAX) with our comparison winner Bitvavo
- European crypto exchange
- 10 Euro Bonus
- Deposit via PayPal and instant transfer (Klarna)
Conclusion: where is the Best Place to Buy Avalanche?
Whether you should ultimately opt for a crypto broker or a crypto exchange to buy Avalanche depends on many aspects. If you are already very familiar with cryptocurrencies and custody, we recommend using a crypto exchange, as you will pay the lowest fees with a previous SEPA transfer.
Frequently Asked Questions about Buying Avalanche (AVAX)
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