How Tos

How to buy Avalanche (AVAX) in Australia

Quick-Take: The easiest way to buy Avalanche (AVAX) in Australia is with CoinSpot. They offer the lowest fees and highest rewards to stake AVAX on their platform.

By 
James O'Connell
 on  
June 20, 2022
Verified Author

There are many different ways to buy the Avalanche (AVAX) cryptocurrency in Australia. In this guide, we walk through the safest way to invest in Avalanche and stake it to earn protocol rewards through the best digital asset platform in the country.

Table of Contents

How to buy AVAX in Australia

If you want to buy Avalanche (AVAX) with a trusted & regulated cryptocurrency exchange in Australia, follow these steps:

  1. Register for a CoinSpot account. You will need to provide your email address and create a password.
  2. Verify your account. To do this, you will need to upload a photo ID and proof of residence.
  3. Deposit AUD into your account. You can do this by transferring funds from your bank account, or using an alternative method like cash, BPAY, POLi and others.
  4. Once your funds have arrived in your CoinSpot account, go to the "Buy/Sell" page and search for "AVAX/AUD".
  5. Select your desired price and amount, then click "Buy AVAX".
Buy AVAX on CoinSpot Australia

Once you buy the Avalanche (AVAX) token on your CoinSpot account, it will be automatically stored in your CoinSpot Managed Wallet. You can keep it here for secure custody, or withdraw it onto a personal wallet at any time.

Where can I Stake AVAX to earn rewards?

If you want to stake Avalanche (AVAX) tokens to earn protocol rewards, you can do this on the CoinSpot platform. They offer the highest APY yields at 6.9% for AVAX stakers when compared to other platforms in Australia like SwyftX or Binance.

This is a recommended method because they are a centralised entity that is regulated in Australia, which is less risky than doing it on-chain.

Staking AVAX on CoinSpot
Staking AVAX with my Avalanche Wallet on CoinSpot.

What is Avalanche?

Avalanche is a next-generation platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche addresses many of the challenges associated with previous generations of blockchain technologies by enabling fast transactions, low fees, and high scalability.

Avalanche is also the first smart contracts platform that supports programming in any general-purpose language, making it more accessible and user-friendly than other protocols. The native token of the Avalanche network is $AVAX.

Avalanche (AVAX) DeFi

If you want to use some of the best native Decentralised Finance (DeFi) applications on the Avalanche network, we recommend you check out Defillma. Their platform shows the best DeFi applications on the AVAX network by Total Value Locked, which can help you find the most popular protocols.

Some of our favourite applications on Avalanche to earn yields on are Trader Joe, Stargate Finance, and Platypus Finance. With these platforms, you can earn up to 10% APY on stablecoins and other tokens.

Top DeFi Applications on Avalanche
Top DeFi Applications on the Avalanche C Chain network.

Avalanche (AVAX) Price AUD

The chart below is the live price of Avalanche (AVAX) in Australian Dollars (AUD).


Visit CoinSpot

Author Bio

James O'Connell has been writing about traditional markets for over 5 years. He pivoted to writing about digital assets after learning about lending protocols like AAVE and Compound.

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