Use the mobile app or any browser window to view your portfolio, sell bitcoin, or explore over 100+ coins and tokens to add to your collection. Plus with up to 23% APY available for over a dozen popular assets, you can put your crypto to work and earn staking rewards just for maintaining an active wallet. You can buy AXS at a crypto exchange like CEX.IO, which offers users a wide array of products, tools, and services to fit their individual crypto needs. Exchanges like https://bitcoin-mining.biz/the-best-bitcoin-wallets-2020/ CEX.IO are great places to buy and sell crypto, get live crypto prices, utilize a bitcoin converter to turn BTC to USD, and take advantage of crypto staking to put your digital assets to work. Poloniex is a centralized cryptocurrency exchange for both experienced and amateur cryptocurrency traders. It offers a range of crypto markets, advanced trade types, as well as margin trading and crypto lending, which makes it a convenient place for traders from all walks of life.

You will be asked to increase your account security by enabling 2FA (two factor authentication). Click the Google authentication option and follow the instructions to set it up. Click the check box to confirm you’re over 18 and click ‘create account’. AXS is primarily used for the governance of the Axie Infinity ecosystem. It has a limited supply of 270 million, which were all minted at the time of the token launch. Axie Infinity is one of the largest decentralized play-to-earn (P2E) games on the Ethereum blockchain.

• It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.
• Axie Infinity is powered by the AXS token, which is used for staking, governance, and speculation.
• The governance function enables AXS holders to vote on the network’s proposals and updates.
• Coinbase has both stablecoin and Bitcoin trading pairs, so you can choose to sell your investment for either USD or BTC on the exchange.
• The developers have also introduced a number of mechanics that distinguish Axie Infinity from its analogs.

You’ve purchased Axie Infinity (AXS) using USD with the help of another crypto exchange. You can either scroll to AXS or type it in the “Search all assets” box. As with the whole account process, Coinbase made the purchase of a cryptocurrency very simple and straight-forward.

Play-to-earn gaming models offer a new way for web 3.0 users to build their digital net worth using unconventional methods. Other than earning AXS during an Axie Infinity game, the token can also be bought off centralized and decentralized cryptocurrency exchanges. In our tutorial, we used an example of how to buy AXS using Uphold.

Where can I store Axie Infinity (AXS) tokens?

The exchange supports several deposit channels, including bank wire transfers, peer-to-peer (P2P) payments, credit/debit cards, and payment processors. Uphold is a comprehensive digital financial services platform catering to a worldwide audience, operating in over 184 countries and supporting over 200 traditional and cryptocurrency assets as well as commodities. Through seamless foreign exchange and cross-border remittance solutions, Uphold has facilitated over US$4 billion in transactions since its inception in 2015. However, playing is not the only way to get your hands on any of the two tokens because you can also buy them off crypto trading platforms. They are available on centralized and decentralized exchanges, and in this guide, we will focus on the former option, which is much simpler and more appealing to most beginners.

This beginner’s guide explores how to buy Axie Infinity in minutes, and why this vibrant and ever-growing ecosystem is such a big deal. Uphold, the Home for Altcoins, is a global, multi-asset digital trading platform offering low fees, high security, and maximum transparency. Your first step on the way to entering the Axie Infinity universe is to make an account and get verified on a reputable exchange like CEX.IO. When you’ve completed all the required steps in the Know Your Customer, or KYC process, you can save preferred payment methods to your account for later use across our products and services. Now you need to send that purchased cryptocurrency to your new exchange’s wallet.

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However, ETH is the primary medium of exchange as assets are typically listed in their ETH price rather than their AXS price. In 2020, Axie Infinity announced they were developing an Ethereum sidechain called Ronin, specifically for the game. AXS token holders can also lock tokens with the platform through the https://crypto-trading.info/cryptocurrency-trading-2021-2/ game’s staking dashboard to earn staking rewards. There are nearly 30 million AXS staked, and the estimated annual percentage rate (APR) of 61 percent. Axie Infinity Shards (AXS) can be stored in any crypto wallet that supports Ethereum and ERC-20 tokens or through the platform on which they were bought.

In the [From] field, provide a payment method, while in the [To] field, choose AXS token. Axie Infinity is a Pokémon-inspired blockchain-based P2E game currently with hundreds of thousands of players. It was launched in March 2018 by Vietnamese video game developer Sky Mavis. In 2020, the game conducted a successful crowdfunding exercise through the Binance Launchpad IEO (initial exchange offering), raising close to $3 million.

• They can skip this process and sign up by connecting to a Google or Facebook account.
• This has resulted in Axie loan programs having established themselves as alternative avenues for new players to enter the game.
• The price action of AXS and SLP continues to fall, and some users and pundits think Axie Infinity is nothing more than a house of cards ready to collapse.
• The game was inspired by popular games such as Pokémon and Tamagotchi.
• Although it was originally hosted on Loom, an Ethereum layer-2 solution, the project moved to its dedicated sidechain—Ronin—in early 2021.

Axie Infinity was quietly amassing users while presenting a new opportunity to gamers that would soon become an international phenom. Players can win AXS by making it into the leaderboard for participating in the game. Additionally, a portion of all marketplace transactions and breeding fees is sent in the form of AXS to a Community Treasury, whose funds are directed by holders of AXS. There will now be a new Axie Infinity wallet on the home screen.

How to buy Axie Infinity in 4 steps

Since its launch in 2017, Axies have become increasingly rare, but not yet impossible to acquire. So with that in mind, let’s read along to learn how to get set up on a crypto exchange like CEX.IO, and how you can buy AXS with a credit/debit card. Established in 2013, Huobi Global has since become one of the world’s largest digital asset exchanges, with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, Huobi now serves more than 5 million users in over 130 countries around the globe.

Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security. In the past, games that tried to support these kinds of in-game transactions struggled to combat fraud and items being duplicated rather than earned. Axie Infinity has solved these problems by utilising NFTs, subsequently creating a supply-and-demand force within its marketplace that continues to drive up prices for the unique Axie monsters. Players can earn AXS by playing Axie Infinity games or they can stake AXS to earn more AXS tokens. EToro is the best place for investors wondering how to buy Axie Infinity.

Each Axie has a combination of animal characteristics, with body parts from species like mammals, reptiles and birds. As a result, every Axie has different attributes and levels of strength that make them rare and highly valuable. AXS is also accepted for making purchases in the Axie Infinity NFT marketplace.

Axie Infinity market information

The same year, breeding and battle gameplay were first introduced. Although it was originally hosted on Loom, an Ethereum layer-2 solution, the project moved to its dedicated sidechain—Ronin—in early 2021. Once the wallet is installed it’s easy to create a Axie Infinity wallet- simply press ‘manage wallets’, click the ‘+’ icon and search for Axie Infinity and click ‘Add’. BRD wallet is free but you’ll need a mobile phone to use it on- go to either the Apple store or the Google Play store to download and install it.

Coinbase is also a great option for investors looking for how to buy the crypto seamlessly. The US-based crypto trading platform enables users to buy, sell, and stake cryptocurrencies with zero complexity. But in order for you to gain access to the countless in-game opportunities available across its many dimensions, you’re going to need three Axies, which is going to require you to buy some AXS.

Since we don’t want to miss any steps in this important process, click here to view the official how-to guide from Coinbase on transferring your currency to another wallet. Once you have registered on Binance or the exchanges suggested above, head over to the wallet page and choose the BTC and click deposit. Copy the BTC address and head back to UpHold, withdraw your BTC to this address and wait for it to arrive, this should take around minutes depending on usage of the BTC network. But we are not done yet, since AXS is an altcoin we need to transfer our BTC to an exchange that AXS can be traded, here we will use Poloniex as our exchange. Poloniex is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. But we are not done yet, since AXS is an altcoin we need to transfer our BTC to an exchange that AXS can be traded, here we will use BitForex as our exchange.

MXC is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. But we are not done yet, since AXS is an altcoin we need to transfer our BTC to an exchange that AXS can be traded, here we will use Gate.io as our exchange. Gate.io is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Players need to have an Axie to join the battle and select Adventure Mode (PvE) or Arena Mode (PvP). Axies can be bred, but each Axie cannot be bred more than 7 times. It is divided into tokenized parts where players can search for resources and upgrade their plots.

Axie Infinity (AXS) is the governance token for the blockchain-based game, Axie Infinity. Using blockchain technology, Axie Infinity is a battling game and trading platform that is operated, and partially owned by, players. The game is similar to that of Tamagotchi or Pokemon, allowing you to collect token-based creatures known as ‘Axies’ and then breed, raise and battle them.

How to buy AXS with a debit card

Users can safely store AXS and collectible NFTs in Ethereum and Ronin wallets, and send tokens from Ethereum wallet to Ronin wallet via Ronin Bridge. Axies are made up of a set of stats as class and body parts, indicating their features and rarity level. Distinctive ability cards that are directly related to a configuration of characteristics are the center of the gameplay. AXS token holders will soon be able to stake their tokens to receive regular rewards. But unlike some other stakeable assets, AXS holders will also need to vote and play to claim their rewards.

All you need to do is click on the “Prices” option in the top menu bar and you’ll see a list of all the supported cryptocurrencies on Coinbase. It might take a few minutes to process and validate your identity, but once the process is complete you are ready to fund your Coinbase account. Once you’ve https://cryptominer.services/5-best-forex-broker-crm-providers-forex-solutions/ completed that portion, the next step will be a photo verification. Since we are discussing how to purchase [coin] [symbol] using US Dollar, we are assuming you are a US resident. If that’s the case you can either upload your Driver’s License, State ID card, or passport to verify your identity.

When Malta issued license requirements for crypto exchanges, a lot of exchanges from other parts of the world actually relocated to Malta. So if you are a US-investor and want to trade at OKEx, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges. Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world. Unfortunately, Binance does not allow US investors so we recommend you to sign up on other exchanges we recommend on this page. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU.