Avalanche is a blockchain protocol with the hallmark of a unique consensus protocol. Previously known as Ava – the Avalanche network is the first Ethereum smart contracts platform that is able to conduct blockchain confirmations in under one second.
Avalanche boasts one of the more democratic approaches to token distributions, with less than 14% of mainnet tokens to be issued to private investors and up to 70% being allocated to the users building on the ecosystem.
Recently, Avalanche has also launched Ava Labs, an open-source platform in the DeFi sector. Ava Labs looks to follow suit, and provide similar blockchain performance improvements in the rapidly growing crypto finance sector.
AVAX is the native token of the Avalanche platform. It is most commonly used to pay for fees and secure the blockchain through staking. You can buy Avalanche tokens on the Swyftx crypto exchange quickly and easily.
You can find out more about Avalanche (AVAX) at Swyftx Learn.
You can buy Avalanche (AVAX) on a number of cryptocurrency exchanges in Australia. Swyftx is Australia’s top-rated crypto exchange as per our Trustpilot reviews, offering trading on hundreds of different assets in the crypto market. To get started, create your free trading account by providing your name, email address and phone number. Next, you’ll need to activate your account by verifying your identity. To verify you’ll need to input the code sent to you via SMS and email, and then submit your photo ID.
Once your account is verified you can then deposit funds into your account via bank transfer, POLI, PayID and debit card. As soon as your deposit clears, you can begin trading Avalanche token.
Swyftx takes account security extremely seriously. We have implemented an extensive and robust security framework to ensure our users can safely buy, sell and store their digital assets. Our trading platform has a number of advanced security features integrated into it. This includes things like breached password detection and two-factor authentication (2FA).
Yes, Swyftx supports deposits made with debit card. Once your deposit has cleared, you can then buy and sell Avalanche and a number of other cryptocurrencies.
After you buy Avalanche, you will need a secure place to store it. All cryptocurrency assets are stored in digital wallets. There are several different types of crypto wallets, each with its pros and cons. Swyftx has integrated a wallet into your account when you sign up. This means when you purchase a crypto asset like AVAX, it will be automatically stored in your personal crypto wallet. If you wish to withdraw your crypto and transfer it to an external wallet, you can do so via the withdraw tab.
As with all assets, cryptocurrency prices are determined by supply and demand. An increase in people seeking to buy AVAX will cause an increase in the price of the asset. On the other hand, the price will fall if there is a lack of demand for the asset or people begin selling off their AVAX.
The supply of an asset will also affect its price. When there is an excess supply of AVAX but low demand, the price will fall. The asset price rise when demand exceeds supply.
View a live AVAX price chart in AUD.
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