Buy Avalanche AVAX

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Avalanche AVAX
EUR
AVAX
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What is Avalanche (AVAX)?

Avalanche is the name of the blockchain, and AVAX is the coin associated with this blockchain. Avalanche is an open source and decentralized system. This means that it uses a decentralized system, namely blockchain technology. This system allows transactions to be carried out without the intervention of a central party, such as a bank. This is done with Avalanche's native token, AVAX. The platform is also suitable for building decentralized applications (dApps). In practice, developers build applications on the Avalanche blockchain, allowing them to utilize the benefits of the network and become an official part of the Avalanche ecosystem.

Key features of Avalanche

Avalanche is known as a blockchain that can process and finalize transactions at very high speed. In addition, the network is scalable, thanks in part to the three blockchains that Avalanche has implemented. The most important features explained:

- Low transaction costs: Sending AVAX or other tokens on the chain only costs a few euro cents per transaction, making it much cheaper than alternatives such as Bitcoin and Ethereum.

- Scalability: Thanks to the blockchain's unique structure, the network is enormously scalable, allowing the blockchain to process thousands of transactions per second (TPS).

- Speed: Avalanche can confirm a transaction within a second, making the network incredibly fast and therefore interesting for companies and developers that want to carry out transactions quickly.

- Implementation of three blockchains: A unique feature of Avalanche is that the network consists of three blockchains, all with their own specific tasks.

1. X-Chain (Exchange Chain): The X-Chain is used to create new tokens on the network and to send and receive tokens, including AVAX.
2. C-Chain (Contract Chain): The C-Chain can be used to execute smart contracts. This chain can also be used to easily transfer Ethereum dApps to Avalanche.
3. P-Chain (Platform Chain): The P-Chain allows developers to build their own blockchains. These private blockchains are called subnets. The management of the subnets and also the validators that help protect the network are also done by the P-Chain.

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Network information

Name
Avalanche
Ticker
AVAX
Network name
Avalanche network

Buy Avalanche with your favorite order type

  • Market order

    Buy Avalanche instantly at the best available price. Ideal for quick and easy purchases.

  • Limit order

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  • Auto Invest

    Automate your crypto purchases on a daily, weekly, bi-weekly, or monthly basis.

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FAQ

  • How to buy Avalanche?

    Follow the steps below to easily and securely buy Avalanche.

    1. Sign up

      Create an account with a reputable crypto platform like Finst.

    2. Deposit EUR

      Deposit Euros using payment methods like iDEAL, Bancontact, or SEPA.

    3. Start investing

      Buy Avalanche and securely store it on our platform.

  • Can I automatically invest in Avalanche on a recurring basis (DCA)?

    Yes, with Auto Invest, you can set up daily, weekly, bi-weekly, or monthly purchases of your favorite crypto using the Dollar Cost Averaging (DCA) strategy. Create your own investment plan and DCA Avalanche without any action required or additional fees.

    Do you prefer to store your crypto on your external wallet? At Finst, we have various cryptocurrencies enabled for automatic withdrawals, which are sent straight to your wallet after each recurring purchase.
  • What fees do I need to pay when buying Avalanche?

    When you buy Avalanche through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

    Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

    It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

    This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.
  • Which order types can I use to buy Avalanche?

    At Finst, we support several order types to buy Avalanche: Market Order, Limit Order, and Auto Invest (DCA).

    - With a Market Order, you buy Avalanche instantly at the best available market price.

    - Do you want to buy Avalanche at a lower price? With a Limit Order, you set the maximum price you're willing to pay for Avalanche. Your order will be executed once your limit price is reached on the market.

    - Do you want to invest in Avalanche without constantly checking the market? With Auto Invest, you can schedule automatic and recurring purchases. Whether you want to buy daily, weekly, bi-weekly, or monthly - you choose the frequency.
  • Can I use limit order to buy Avalanche?

    Yes, on our platform, you can easily buy Avalanche with a Limit Order. This allows you to set the maximum price you're willing to pay. Your order will be executed once the price of Avalanche reaches your limit price or lower.

    A Limit Order is ideal if you want to wait for a better price without constantly monitoring the market.
  • Is it safe to buy Avalanche?

    Yes, it is safe to buy Avalanche through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.
  • Is it legal to buy Avalanche?

    Yes, buying Avalanche is legal in Europe. However, we advise you to do your own research before making a purchase.
  • Can I buy Avalanche anonymously?

    No, due to laws and regulations, it is not possible to buy Avalanche or other cryptocurrencies anonymously on a regulated crypto platform in Europe.
  • Can I buy Avalanche with iDEAL?

    Yes, at Finst, you can easily buy Avalanche with iDEAL. We also support popular payment methods like SEPA and Bancontact.
  • Do you have to buy one Avalanche?

    At Finst, you can start investing in Avalanche with as little as €1. For many coins, it is not necessary to buy a whole coin.
  • What are the risks of investing in Avalanche?

    Investing in cryptocurrencies like Avalanche involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Avalanche, it is important to understand the risks.

    Volatility: The price of Avalanche can fluctuate significantly. This means that its value can rise and fall quickly.

    No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

    External factors: The price of Avalanche is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.
  • How to store Avalanche?

    You can securely store your Avalanche in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

    We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Avalanche. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

    Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.
  • Can I send my Avalanche to an external wallet?

    Yes, you can send your Avalanche to an external wallet. With Finst, you can easily send your Avalanche to a hardware or a software wallet.
  • Can I store Avalanche on a hardware wallet?

    Yes, you can store Avalanche (AVAX) on hardware wallets such as Ledger or Trezor.

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How does Avalanche work?

Avalanche uses validators who participate in the network to secure it. These validators are responsible for reaching agreement on adding new blocks to the Avalanche chain. They also confirm transactions.

So far, Avalanche (AVAX) does nothing special. So how does Avalanche distinguish itself? Avalanche distinguishes itself through its unique approach to achieving consensus. The network has its own consensus protocol.

Unlike other chains, transactions are finalized almost immediately thanks to the mechanism that Avalanche uses. What happens in practice is that a new transaction is immediately passed on to a group of validators (subsets). They vote on the validity of the transaction and if a minimum number of validators consider the transaction to be legitimate, the transaction is confirmed on the blockchain. This makes Avalanche enormously scalable, as thousands of transactions can be carried out simultaneously.

In addition, developers can build their own blockchains (subnets) on top of the Avalanche blockchain, making the network very flexible. This makes the ecosystem attractive to developers, as they have the freedom to add their own requirements without being limited by Avalanche's own requirements.

Finally, the network can be used to host smart contracts, build decentralized apps (dApps) and add new tokens to the ecosystem. This makes the network very versatile.

Who are the founders of Avalanche?

Avalanche (AVAX) was launched in 2020 by Ava Labs. They built the blockchain because they wanted to address the limitations of Bitcoin and Ethereum in terms of speed, scalability and versatility. Their goal was to offer a cheaper, faster and more efficient alternative.

The team behind Ava Labs developed a unique consensus mechanism, the Avalanche consensus. This system enables developers to build decentralized applications (dApps) and DeFi applications at low cost. This makes the network suitable for the tokenization of assets and blockchain innovations.

What is AVAX-token?

AVAX is the native token of the Avalanche network. The token has multiple functions:

- Paying transaction costs: Paying the transaction costs when sending tokens on the network and when executing smart contracts.

- Staking: Acting as a validator by making AVAX tokens available to protect the network and add new blocks to the network. This process is called staking. In exchange, validators receive a reward paid out in AVAX tokens.

- Governance: AVAX holders have the right to vote on changes and upgrades within the ecosystem.

How many AVAX tokens are there?

A total of 720 million AVAX tokens can be issued. The number that is actually in circulation varies, as tokens are issued to validators at any given time.

Applications of Avalanche

Thanks to its versatility, the Avalanche network can be used for various applications within the crypto sector:

- Decentralized Finance (DeFi): Cryptocurrencies can be traded on DeFi platforms such as Trader Joe and Pangolin.

- Smart contracts: Developers can execute smart contracts thanks to the C-Chain. In addition, the C-Chain is compatible with Ethereum's Virtual Machine, which means that dApps can easily switch to the Avalanche chain by means of a smart contract. Smart contracts can be used, among other things, to automate transactions and to reach digital agreements.

- NFTs: Avalanche is very suitable for the development and trading of non-fungible tokens (NFTs). Developers can also build NFT marketplaces at a lower cost than on Ethereum, for example. Examples of platforms on which you can trade NFTs are Kalao and YetiSwap.

- Tokenization and creation of your own blockchain: Thanks to the X-Chain, users can launch and trade new tokens within the ecosystem. In addition, thanks to the P-Chain, developers can build subnets, which is a hybrid blockchain built on top of the Avalanche chain.

- Metaverse: Thanks to Avalanche's scalability, the ecosystem is suitable for the development and hosting of metaverse projects and blockchain gaming. This includes games where participants can earn and trade digital properties, but also for building virtual worlds with their own economies, in which AVAX plays a central role.

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