How to Buy
Avalanche

Find out how to buy Avalanche and other cryptocurrencies on Crypto.com.

Introduction

Avalanche is a blockchain platform designed for high-speed transactions, scalability, and interoperability, utilizing a unique consensus mechanism that enables rapid finality and low transaction costs. Unlike traditional proof-of-work networks, Avalanche employs a proof-of-stake (PoS) model that enhances efficiency while maintaining decentralisation. Many investors and developers consider buying Avalanche to engage with its expanding ecosystem, which supports smart contracts, decentralised finance (DeFi), and enterprise applications. With its subnet architecture, Avalanche allows for the creation of customized blockchains tailored to specific use cases. As adoption increases, Avalanche continues to position itself as a competitive player in the blockchain industry, focusing on innovation and scalability.

Step-by-step

Create an account

Download the App and start the sign-up process. Users need a valid ID and may be asked for proof of address in order to transact, so be sure to have those ready. Verifying the ID may take longer than a few minutes, depending on where you live.

Add a payment method

Tap on the payment method box and connect a payment method. Users can use a bank account, debit card, or initiate a wire.

Start a trade

On Crypto.com, select Buy & Sell. In the Crypto.com App, tap the ( + ) Buy on the Home tab.

Select Avalanche from list of assets

On Crypto.com, click the Buy panel to search and select Avalanche. In the Crypto.com mobile App, search for Avalanche by typing ‘Avalanche’ into the search bar. When Avalanche appears in the results, tap it to open up the purchase screen.

Enter the amount you want to buy

Use the number pad to input the amount in local currency to spend. The App will automatically convert that into a Avalanche amount. Users can tap the arrow buttons to the right of the dollar amount to switch the number to the equivalent amount of Avalanche.

How to Store Crypto

Another decision to make when buying Avalanche is how it will be stored. Cold wallets (also known as hardware wallets) are physical, offline devices that hold the private keys used to access the cryptocurrency. They are not vulnerable to software attacks but may not be suitable for beginners. Learn more about the pros and cons of hardware wallets and how to choose the right one here.Hot wallets are connected to the internet, making the user’s cryptocurrency more accessible on a daily basis, whether for spending or trading. Security, regulatory compliance, and privacy should be top of mind when deciding on a hot wallet, like the Crypto.com App, the industry leader in security.Crypto.com is the first cryptocurrency company in the world to obtain several independently assessed certifications. The company has also released its Proof of Reserves (PoR), which is a way to ensure that a platform holds enough assets to cover all of its client balances. The PoR was conducted and certified by an independent auditor to ensure the integrity and anonymity of the entire process. Crypto.com’s users can view the PoR report and verify their funds.

How to Sell Avalanche

After buying Avalanche, Crypto.com App users always have the option to sell it for other cryptocurrencies or fiat currencies. Here’s how to sell Avalanche:1. Tap ‘Sell‘ on the Crypto.com App home screen.2. Under Crypto, select Avalanche to buy and tap ‘Sell’ again.3. Review the transaction details and tap ‘Continue’.4. Confirm the transaction with a passcode or biometric verification.

Due Diligence and Do Your Own Research

All examples listed in this article are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, cybersecurity, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by Crypto.com to invest, buy, or sell any coins, tokens, or other crypto assets. Returns on the buying and selling of crypto assets may be subject to tax, including capital gains tax, in your jurisdiction. Any descriptions of Crypto.com products or features are merely for illustrative purposes and do not constitute an endorsement, invitation, or solicitation.Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. When assessing a crypto asset, it’s essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.

How to BuyAvalanche