What are Avalanche and AVAX?
Avalanche is a blockchain platform for decentralised applications and custom blockchains. AVAX is the native utility token of Avalanche. On the network, AVAX is used to pay transaction fees and help secure the platform.
How to buy Avalanche in the UK
In the Crypto.com App, the basic steps are:
- Sign up and verify your identity. Download the Crypto.com App or register online and confirm your email.
- Add funds to your account.
- Go to the trading screen, select Avalanche and complete your purchase.
You can start with as little as £1.
Ways to fund an Avalanche purchase
You can fund your account and buy Avalanche using a bank transfer, debit or credit card (Visa or Mastercard), Apple Pay, Google Pay or crypto deposited from another wallet. Bank transfers and crypto deposits are free on Crypto.com, though other charges may apply to crypto deposits.
If you transfer crypto into the App, check that the token and network are supported and that you are sending it to the correct address. Crypto transactions are irreversible, so if this is your first crypto deposit, it is worth trying a small transfer once you have checked the details.
Holding Avalanche vs day trading Avalanche
Holding Avalanche generally means buying and keeping it for a longer period, in the expectation that its value may rise over time.
Day trading Avalanche means buying and selling over short timeframes, often within the same day, to try to profit from price volatility. It takes more time, skill and risk management, as outcomes depend heavily on timing and market swings.