How to Buy AVAX in Australia
The best cryptocurrency exchange in Australia to buy the Avalanche (AVAX) token is eToro. Aussies can deposit AUD to buy AVAX via POLi, PayPal, Bank Transfer, Credit/Debit Card, Skrill or Neteller.
Australian investors can buy Avalanche with this easy guide:
- Create a free account on eToro and complete the verification process,
- Tap the 'Deposit Funds' button on the bottom left of your screen.
- Click 'AUD', pick a payment method, and deposit AUD.
- Complete your deposit and buy Avalanche (AVAX) in the search bar.
Buying Cryptocurrency Fees
Cryptocurrency investments can sometimes be costly, varying based on the exchange chosen. Yet, eToro proves to be an economical option with its highly competitive rates. AUD deposits on eToro are complementary and only charges a modest trading fee of 1% for purchases on crypto. There is only one additional expense involved, a $5 charge per withdrawal transaction. You can rest assured knowing this trading platform has no concealed or extra charges.
Can I stake my Avalanche tokens?
If you want to stake Avalanche (AVAX) tokens to earn yields on your investment, you can do this on the CoinSpot platform. The exchange offers the highest APY (Annual Percentage Yields) at 4.9% for AVAX. This is a recommended staking method as CoinSpot is a centralised entity that is regulated in Australia, which is less risky than doing it on-chain through a DEX.
eToro does provide staking services but only for Ethereum, Cardano and Tron. This is why we recommend using CoinSpot, as it is the next most secure trading platform in Australia and it offers the highest returns on AVAX.
About Avalanche (AVAX)
Avalanche is a next-generation platform for launching decentralised financial 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.
To sum up, as one of the best-performing cryptocurrencies, Avalanche is available to purchase on most digital currency exchanges. However, the number one platform for Aussies is eToro as it provides a secure and AUSTRAC-registered trading environment to buy and sell over 3000 assets, including the cryptocurrency AVAX. It also offers a variety of other features like copy trading.