Avalanche (AVAX) Current Price, Market Cap, How And Where To Buy Avalanche: If you are a fan of crypto and digital currencies, This mustn’t be your first time of coming across Avalanche (AVAX) online or from various social media handles. Thanks to the recent hike in AVAX price, which creates awareness among potential investors who would love to add AVAX to their portfolio.

On this post we won’t have to waste your precious time before giving you all you need to know about AVAX, such as current Avax price, market cap and where to  buy AVAX.

What Is AVALANCHE?

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition on Avalanche.

Avalanche launched on mainnet, September 21, 2020. Since then, the platform has grown to secure over 100+ individual projects, $1.4M+ of AVAX burned (reducing supply), 950+ individual block-producing validators, and over 500k+ community members around the globe.

What Is AVAX Token?

Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.

This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.

AVAX Market Cap.

Avalanche has a current supply of $20,028,392,737 with 76,937,055.27646953 in circulation. The last known price of Avalanche is 90.69 USD. It is currently trading on 40 active market(s) with $338,643,663.58 traded over the last 24 hours and The current CoinMarketCap ranking is #13 as of this write up. AVAX official website is made available to you to make more enquiries ttps://www.avalabs.org/.

AVAX has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Major Crypto Currency like Bitcoin from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade AVAX  coin.

How And Where To Buy Avalanche AVAX?

With the high recent spike in AVAX price, there has been a demand on getting AVAX, and a lot of users are online trying to get the right information on how & where to get their AVAX Token asset as well as storing them on a secure wallet. According to data from CoinMarketCap and many other crypto websites, It’s clear that AVAX is not available on many on many Crypto-Exchanges unlike others crypto currencies, But as of this writing AVAX is available on the following Exchanges, Binance, CoinFalcon, Mercatox, Bittrex, Poloniex, Paxful.

PLEASE NOTE THAT: Avalanche AVAX cannot be directly purchased with fiats currency. However, You can still easily buy this coin by first buying USDT or any major Crypto Currencies like BITCOIN from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy AVAX.

Quick Steps

Register on Fiat_to_Crypto Exchange

Since you can’t buy AVAX directly with Fiat Currency, You will have to first buy one of the major cryptocurrencies (BTC, USDT, ETH). But in this case let’s consider USDT (USDT). You can perform this transaction on fiat-to-crypto exchanges, Uphold.com and Coinbase.com, You can decide to use any of them as they are widely adopted in the crypto world, They are rated among the largest crypto exchanges that accept fiat deposits in the world.

All you need to do, create account with them ( ensure you keep your password safely) after creating an account then move to the next step which is to buy USDT.
Buy USDT with fiat Currency

Once you finished with account creating and verification process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer.

PLEASE NOTE: You will be charged higher fees when using cards but you will also make an instant purchase. While a bank transfer attract lower charges but slower purchases, Though it sometimes depends on the country of your residence, some countries will offer instant cash deposit with low fees.

Transfer USDT to an Altcoin Exchange

After buying your USDT, it’s worthy of note that since AVAX is an altcoin that can’t be traded in all Crypto exchange, we need to transfer our USDT to an exchange that AVAX can be traded. Many exchanges has their own policies as some has restrictions to some countries, for example Binance does not allow investors from USA as customers. So you have to choose an exchange that suit your location and create an account with them before proceeding to the next steps.

PLEASE NOTE: It will always be advised to set up 2FA authentication as it adds extra security to your account.

Deposit USDT to Your Preferred exchange

Depends on the policies of the exchange you might be required to go through another verification process, this usually takes minimum 0f 30 minutes and a maximum of a day, After the whole verification process you are now good to go.

Since we are now transferring our previously bought USDT on Coinbase to this wallet, click on ‘Copy Address’ or right-click on the full address and click copy to grab this address to your clipboard. Now head back to Coinbase, go to Portfolio page and click on the USDT on your asset list, then click on ‘Send’ on the right.

Under the Recipient field, paste the wallet address from your clipboard, for security and accuracy reason, you should always check if both addresses are matching and Click ‘Send’ to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to your preferred exchange.

Now go to your exchange to confirm your USDT arrival, don’t worry if you haven’t seen your deposit almost immediately, It might be undergoing some network verification in the blockchain network and this should take a few minutes for your coins to arrive. Depending on the network traffic condition of the USDT network, during busy times it may take even longer.

You should receive a confirmation Email from your exchange once your USDT has arrived. guess what? You are now finally ready to purchase your AVAX Token.

 Trade Squidanomics SQUID

At this stage which is the final of your purchase, held to your exchanging platform, then go to ‘Exchange’. make sure “USDT” is selected to be able to trade USDT to altcoin pair of your choice, in this case AVAX. You should see AVAX /USDT, select that pair and you should see a price chart of AVAX/USDT in the middle of the page. All you need to do is to execute your order and you are done getting your AVAX asset.

Some Top Exchanges You Might Love Base On Your Location

BitMart

BitMart – Is one of the most trusted cryptocurrency trading platform which provides real-time trading services including Bitcoin (BTC), Ethereum (ETH) and other Altcoins. It accept American customers unlike BINANCE that doesn’t  support American customers.

Binance

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services.

Gate.io

Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here.

The Last Part And Conclusion.

After Purchasing your AVAX, and your plan is to hold it for long. You will have to open a secure wallet online or you make use of appropriate “Cold Wallet” as there had been too many hacking incidents associated with online and funds had lost severally. Thank you for your time, note that this page is open for update and corrections.

Please Note That, buying of crypto currencies is at your own risk, all our post is for education purpose and it’s advisable that you buy according to the dollars you can afford to lose.