Where to buy Avalanche, and how to do it?
Avalanche can be purchased from exchanges like BitPanda, Coinbase, WhiteBIT, Uphold, Gate.io, and other trading platforms. Where to buy Avalanche – it’s up to you to decide. We will show you the process mechanics using WhiteBIT as an example.
Author: Julia Rokitskaya
Date: 22 September 2022
Then move on to buying Avalanche. To do that, you need to fund your account with any supported fiat currency (USD, EUR, UAH), stablecoin (for example, USDT), or cryptocurrency. For that, go to the “Total balance” section and choose the asset you want to deposit from the proposed list. Then click on the button “Deposit”. Enter the amount you want to transfer, select a payment system and, if it’s fiat, click “Request”. After that, you will see a page where you must specify the card number to write off funds.
If it’s crypto, copy the address of the asset to transfer funds to it from your crypto wallet. Look carefully at each case’s percentage of commission, minimum and maximum deposit amount.
Now you can trade AVAX/USDT or AVAX/BTC pairs on the WhiteBIT market. Go to “Markets” and select the appropriate pair. The chart that will open in front of you shows you all the data you need to trade. Check the token’s maximum and minimum purchase price, the trading volume and price change over the last 24 hours, and the moving averages (MA), which show the average value of the asset over 7, 20, and 50 days.
What is Avalanche?
Avalanche is characterized by high transaction speeds, efficient scalability, low fees, environmental friendliness, optimal decentralization, and security.
Such characteristics are because Avalanche uses protocols called Snow, based on Proof of Stake. The blockchain structure is divided into three independent chains, which have their own functions and work separately from each other. This provides better scalability and speed of transaction execution. As the founders of the blockchain claim, it can process more than 4,500 transactions per second.
AVAX is a native blockchain platform token that acts as the ecosystem’s internal currency. It is used for commissions, decentralized peer-to-peer payments, staking rewards, and as a governance token.
The token is ranked 16th among cryptocurrencies at CoinMarketCap. According to March 2022 data from CoinDesk, AVAX cryptocurrency was in the top 10 in terms of market value. The asset has a capitalization of $33 billion.
Is Avalanche a good investment?
In addition, in March, Peter Szilagyi, one of the developers of Ethereum, discovered and described a vulnerability in the Avalanche network that attackers could exploit to hack the blockchain. Although the bug was quickly fixed, it had a negative impact on the reputation of the network, which is positioned as a platform for running scalable decentralized applications.
So far, the blockchain platform is not losing its leadership position, and the price of AVAX is far from its maximum. When the market becomes bullish, it could trigger a rise in the asset. It’s hard to say which blockchains will be on top in the future. Therefore, it is better not to be tied to certain projects but to allocate investments according to the principle of diversification.