What is Avalanche (AVAX)?
Avalanche is an open, programmable blockchain platform for building decentralized applications (Dapps) and smart contracts. Its unique architecture features separate blockchains for token swaps, Dapps, and validators, which enables greater scalability. Avalanche is compatible with Solidity – Ethereum’s programming language – and can be used to deploy custom private or public blockchains as “subnets.” You can buy and sell AVAX for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade AVAX for BTC the same way you trade CAD for USD. You can also trade AVAX to CAD based on the AVAX price. To learn how to buy Avalanche / AVAX, scroll down to see how to buy Avalanche.
How to buy Avalanche (AVAX)?
Here's how to buy Avalanche on Coinsquare
To buy Avalanche, simply follow these steps:
1. Sign up for a Coinsquare account and verify your identity
This is the first step to buying AVAX. Verifying your identity helps us to properly connect your funds to your account.
2. Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
3. After funding, select AVAX from the list on the trade section
Coinsquare lets you trade AVAX without leaving the app. You can also check the Avalanche price and convert AVAX to CAD or USD on the platform.
4. Select a currency you’ve funded and use it to check the AVAX price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
5. Buy Avalanche (AVAX)
Congratulations! You’re now the proud owner of AVAX. You can either HODL or use it to exchange AVAX to CAD or any other cryptocurrency listed on Coinsquare.
Where do I keep my Avalanche (AVAX)?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. Client assets are securely stored 1 to 1 in cold storage with approved custodians, kept separate from operational funds, and never utilized for lending purposes.
All client assets are held in trust with external, licensed custodians with a combined $680M USD in insurance. Additionally, CCML maintains Vault Risk insurance beyond those of its custodians that cover risks related to the cold storage of its clients’ crypto assets. And the cash held in your account is insured against insolvency by the Canadian Investment Protection Fund (CIPF). This means that in the unlikely event that Coinsquare (CCML) becomes insolvent, CIPF will cover any shortfall of cash held in client accounts up to $1 million CAD per account.
Ready to add Avalanche (AVAX) to your portfolio?
Create your account, fund it with spare change and get a little bit of AVAX.
