With the skyrocketing rise of NFTs, the gaming sector has eagerly embraced blockchain. Out of this enthusiasm came Axie Infinity, a brilliant fusion of blockchain, gaming, and NFTs.
For those excited about investing in Axie Infinity and immersing themselves in this captivating play-to-earn platform, there are numerous routes available. This beginner-friendly guide offers a swift pathway to buy Axie Infinity and sheds light on the significance of its lively, burgeoning community.
Where to Buy Axie Infinity AXS
In this segment, we present our top recommendations on where and how to purchase the Axie Infinity Shards Crypto token. Our choices are guided by extensive usage experience, focusing on aspects such as fees, safety, payment methods, and market standing.
- Binance: The Leading Crypto Exchange With Minimal Fees
- Coinbase: Widely Respected and Beginner-Friendly
- Gate: Solid Platform With Lots of Coins
Visit The Top Pick
Best Platforms to Buy Axie Infinity
This section delves into the finest platforms for purchasing Axie Infinity’s native AXS token in no time. Our analysis is grounded in exhaustive research spanning numerous platforms, evaluating fees, usability, supported payment avenues, and security features to bring you our in-depth take on the best crypto exchanges for Axie Infinity.
Binance: Reputable Exchange with High Liquidity
Binance This exchange stands as the largest by daily trading volume, enabling full access to over 600 different crypto assets.
This acclaimed platform meticulously balances a detailed approach to learning and offers advanced trading tools to cater to both newbies and seasoned traders keen on broadening their crypto acquisition capabilities. While Binance boasts an intuitive design that enhances user experience, it's more inclined towards traders with ample experience.
Read: Our Full Binance Review Here
Starting with a mere $10 deposit on Binance opens the door to investing with low fees. Users can fund their accounts through various seamless methods such as wire transfers, credit/debit cards, peer-to-peer (P2P) payments, and various e-wallets.
The fees for deposits on Binance fluctuate based on the chosen payment method. For example, the platform levies up to a 4.50% fee for debit/credit card deposits.
Trading on Binance comes with a tiny fee of 0.1%, among the lowest around. Plus, for those using Binance Coin (BNB) for purchases, trading fees enjoy a 25% discount.
Traders can be comfortable knowing their funds and information are under multi-layered protection with Binance's high-level security, which includes two-factor authentication (2FA), the safeguarding of most coins through cold storage, whitelisting, and sophisticated data encryption. Binance effectively operates across over 100 countries and offers a US-specific compliant platform, Binance.US, to cater to American traders.
Pros
- Trading fees at 0.01%
- High liquidity
- Wide range of payment methods
- 600+ crypto assets in library
Cons
- Built for Those With Advanced Trading Expertise
- Most coins are inaccessible to US customers through its local branch
Coinbase: Simple & Easy to Use Exchange
Coinbase Another excellent choice for investors wanting a straightforward crypto purchasing experience. The US-centric trading platform enables users to effortlessly buy, sell, and stake cryptocurrencies.
Coinbase features an intuitive layout that demystifies cryptocurrency trading, supporting an impressive lineup of over 10,000 blockchain assets.
Read: Our Full Coinbase Review Here
The signup and verification on this platform are a breeze, taking less than 10 minutes. For those seeking an easy entry into investing, Coinbase serves as an excellent alternative to Binance.
With its industry-low minimum deposit set at $2, Coinbase supports an array of deposit methods including ACH, wire transfers, debit card, e-wallets, and allows withdrawals in major currencies such as USD, GBP, and EUR. There is a charge of up to 3.99% for debit card deposits.
Coinbase sweetens the deal with a generous 4% cash back return when purchasing crypto through their debit card.
When it comes to fees, Coinbase maintains a flexible structure ranging from 0.5% to 4.5%, determined by payment method, selected cryptocurrency, and transaction size.
Coinbase has grown from a basic exchange to a multifaceted platform, offering diverse services tailored for both retail and institutional clientele, including a built-in exchange wallet, cashback visa card, staking options, derivatives, asset centers, ventures, and more.
Furthermore, Coinbase enhances its security measures with built-in practices such as 2FA authentication, crime insurance to protect against digital asset theft, and more.
Coinbase is also under the watchful eye of regulatory giants like the SEC and operates under the auspices of top financial entities such as the FCA, FinCEN, and NYSDFS.
Pros
- Beginner-focused
- Licensed and reputable platform
- Insurance in case of hacks
- Low minimum deposit
Cons
- High fee compared to competitors
- US customers can't use credit cards for deposits
Gate.io: Solid Platform With Lots of Coins
Gate.io This is a crypto trading platform that vies to present itself as an alternative to the industry-leading exchanges.
Operating since 2017, this site seeks to garner market share by providing users with streamlined access to niche coins and emerging projects.
The platform also grants investors pertinent insights related to favorite coins and overall market dynamics.
Read: Our Full Gate.io Review Here
Using a web-based trading interface similar to most crypto exchanges, the site supports functionalities like an order book, trading history, and chart features.
Pros
- A wide range of currencies
- A low fee structure
- Simple registration process
- User-friendly platform complete with a mobile application
Cons
- Unregulated
- The team is not very transparent
- No fiat currency transfers
What Is Axie Infinity?
Axies are non-fungible tokens ( NFTs ) presenting various attributes and abilities. Across the Axie Infinity ecosystem , Axies exhibit over 500 distinct body shapes, including aquatic, beast, bird, bug, ant, and reptile varieties.
Their forms fall into four rarity brackets: common, rare, ultra-rare, and legendary. Their scarcity contributes to their market appeal, although each Axie’s worth is subject to personal valuation, given NFTs' lack of intrinsic real-world value.
To enhance or evolve their digital companions, players can engage in buying, breeding, or battling in three-on-three showdowns against AI or fellow gamers across the web. Victories yield experience points (XP) that can improve the attributes of digital companions.
Axie Infinity has captured the world's attention, thanks largely to last year's hype around cryptographic tokens. This virtual collectible scene has risen to fame alongside the expansive crypto market.
In Axie Infinity's open-world design, participants maintain partial ownership of their Axies and have the ability to trade them through the Axie Marketplace for fiat.
Starting your journey in Axie Infinity involves a hefty initial investment, demanding ownership of a minimum of three Axies, collectively valued between $600 to $1000. Addressing the significant cost of participation, Axie Infinity’s team introduced game guilds to allow Axie owners to loan out their digital allies for a share of revenue.
Axie Infinity Firmly at the forefront of contemporary gaming, the platform rewards its community for their engagement – a true ‘play-to-earn’ model. This blockchain-based game has surged in popularity, boasting 2.5 million monthly active participants, with NFT sales of over $10 billion in late 2021.
The lifeblood of the Axie Infinity universe is the AXS token, utilized for staking, governance, and speculative ventures. Staking empowers users to accrue even more AXS tokens in return for lending security to the Ronin sidechain, operating in conjunction with the Ethereum network. Through governance, AXS holders wield voting power on network proposals and system updates.
Complementing the Axie Infinity ecosystem is another token known as the Smooth Love Potion (SLP), convertible to fiat currency.
Axie Infinity Wallets
Safety for crypto assets is paramount, requiring their secure storage to prevent theft. Blockchain-aligned companies have forged specialized virtual and tangible solutions to thwart unauthorized access to virtual wealth.
Software Wallet
Hot wallets, or software-driven wallets, reign as a prevalent form of crypto storage. They are perpetually tethered to the internet, hence nicknamed ‘hot’. These wallets are easily obtained by initiating an account with a crypto-exchange, facilitating the storage and management of private keys, which serve as proof of asset ownership on the blockchain. Hot wallets lend themselves well to routine crypto activities and are available as either custodial or self-custody options.
Custodial wallets hold assets for an exchange or third-party platform, acting on the user’s transfer or receipt instructions, much akin to conventional banking. Conversely, self-custody wallets vest complete control with the end-user.
Hot wallets often come without charge, yet their perpetual connectivity renders them less secure. An example of a hot wallet is the Binance Wallet.
Hardware Wallet
A hardware wallet functions as a sophisticated device, delivering an additional security layer when managing varied cryptocurrency wallets.
In traditional transactions, your private key is necessary for fund movement, yet if a computer infested with malware is used, these keys might be intercepted and exploited for theft.
Hardware wallets safeguard private keys because they remain on the device and never touch your computer, meaning even in the event of malware infection, your private keys remain well-secured. This method stands as the safest option for storing significant amounts of crypto.
Where to Acquire Axie Infinity (AXS) Cryptocurrency (& How To): 2023 Guide
Mobile wallet
This introductory guide takes readers through the quick steps to purchase Axie Infinity AXS tokens, while also delving into the thriving and expanding universe of this blockchain phenomenon and its significance.
Where to Acquire Axie Infinity (AXS) Cryptocurrency: In-Depth Guide
Desktop wallet
With the meteoric rise in the popularity of NFTs, the gaming sector has been drawn to blockchain tech. Axie Infinity emerged from this interest, blending enticing elements of gaming, blockchain, and NFTs seamlessly.
Paper Wallet
For those keen on investing in Axie Infinity and diving into this innovative play-to-earn gaming realm, there's a myriad of pathways. This beginner’s guide navigates purchasing Axie Infinity quickly and highlights the allure and growth of this ever-evolving digital space.
How to Buy Axie Infinity
Binance: Esteemed Exchange Offering High Liquidity
The crypto exchange Gate.io: Robust Platform Boasting Numerous Cryptocurrency Options
In this segment, we provide our recommended platforms for purchasing Axie Infinity Shards tokens. We've assessed them based on personal experience, factoring in considerations like fees, security, payment modes, and market standing.
Top Cryptocurrency Exchange with Affordable Fees
1. Sign Up
Visit eToro Esteemed and Intuitive for Novice Users
Here, we spotlight the premier platforms to quickly obtain Axie Infinity's native token, AXS. Our analysis stems from extensive hours of platform scrutiny, looking at fees, user setup, supported transaction methods, and security mechanisms. Dive into our detailed examination of the top cryptocurrency exchanges for purchasing Axie Infinity.
2. Verify ID
This platform reigns as the top choice for cryptocurrency trade volume. It grants traders the capability to explore over 600 unique crypto assets.
The celebrated exchange offers an in-depth learning path and sophisticated trading tools catered to seasoned traders aiming to broaden their crypto knowledge. While Binance boasts a friendly user interface promoting a positive experience, it's best suited for experienced traders.
3. Deposit Funds
A minimum of $10 is enough to start trading on Binance. This low entry threshold is complemented by various payment options, including bank transfers, credit/debit cards, person-to-person (P2P) transfers, and numerous digital wallet solutions.
Binance attaches a charge that varies with the chosen payment method for deposits. For debit/credit card transactions, the standard charge is up to 4.50% globally.
4. Buy Axie Infinity
Trading attracts minimal costs on Binance, with their standard fee set at 0.1%. Using Binance's token, BNB, nets a 25% reduction in trading fees.
Users can trade on Binance with the assurance that their funds and data are secure. The platform employs top-tier security measures such as two-factor authentication, cold storage solutions, whitelisting, and enhanced data encryption. Operating in over 100 countries, Binance also offers a regulated branch (Binance.US) catering to US-based traders.
Conclusion
Interface Tailored for Experienced Traders
US Residents Face Restrictions on Several Coins via Subsidiary
