Avalanche is a blockchain protocol with the reputation of being the first Ethereum smart contract capable of confirming transactions under a second. According to a report, in 2021, Avalanche was one of the top five decentralised finance blockchains with a market share of 3.86%.
Avalanche provides users with a platform to create and trade any crypto asset and manage them in a decentralised manner. Thus, there has been increased curiosity about the avalanche buying process. You can trade Avalanche with Swyftx or any other reliable crypto exchange if you are looking to purchase the native tokens of the platform in Australia.
What is Avalanche?
Avalanche is a smart contracts platform that differentiates itself based on speed and the number of validators securing its activity. The platform has grown popular among users, owing to the tasks you can accomplish with it.
For example, with Avalanche, you can build cost-efficient Ethereum Apps with the superior capability of handling thousands of transactions in a second. You can create and launch your own private or public blockchain technologies. You can also build a virtual machine and provide precise instructions on how the blockchain should operate.
AVAX is the resident token offered on the Avalanche platform. You can use the token to secure the network by staking and fee payment. AVAX can also be used as a unit of account between the several subnetworks created on the platform. In addition, cryptocurrency exchanges provide a secure medium to buy and sell AVAX. For example, you can trade Avalanche with Swyftx or any other exchange that offers the best features for a convenient trading process.
How to Trade Avalanche on a Reliable Crypto Exchange?
If you wish to trade Avalanche with a crypto exchange, the following steps will help you get started with the process.
Step 1: Create a free trading account by providing details such as name, contact number and email address.
Step 2: To start trading crypto assets, the platform must verify your identity. You will activate your account by inputting the code you will receive on the number and email address mentioned in step 1. Next, you will have to upload a valid photo ID. The crypto exchange will then begin with the verification process.
Step 3: Once your account verification is complete, you will be able to transfer funds to your crypto account. Depending on the exchange you select, the different transfer methods offered are bank transfer, credit or debit card, PayID and POLi, among others.
Step 4: Once you receive the deposit in your account, you can start trading AVAX tokens.
On successful purchase of AVAX, you can store the tokens in a digital wallet of your choice. Some crypto exchanges offer users an integrated wallet with their accounts that can store crypto assets. If you prefer to save the cryptocurrency in an external wallet, you can withdraw the asset from the exchange’s account and transfer it to a wallet of your choice.
How to Find a Reliable Crypto Exchange?
Security is one of the prime factors to be considered when searching for a crypto exchange. There are platforms available today that offer biometric and advanced 2FA for secure login. Also, take a look at the range of crypto assets offered, so you have the flexibility of adding different assets to your portfolio.
You are dealing with assets that involve money; thus, it is best to have a live chat and phone support available in case of any questions or concerns. If you are new to the crypto scene, there are exchanges available that offer a demo mode that simulates real-time prices and helps you understand the trading process without having to spend your hard-earned money.
Avalanche is one of the quickest smart contracts networks that can give tough competition to Ethereum in the blockchain ecosystem. If you plan on buying AVAX tokens, make sure you use a reliable crypto exchange.