How to Buy AVAX in Australia

Avalanche is a decentralized platform that allows participants to build and launch decentralized applications (dApps) and financial primitives, like lending and borrowing platforms, exchanges, and possibly even stablecoins. This blockchain network aims to provide a scalable, secure, and affordable ecosystem for developers. 

Enthusiasts from Australia can buy AVAX, the native cryptocurrency of the Avalanche blockchain, on CEX.IO, alongside other popular choices, like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). 

In this article, we explain how to buy AVAX in Australia through the CEX.IO exchange. Read below for more. 

What is AVAX?

As the native cryptocurrency of the Avalanche ecosystem, AVAX serves various roles. It is used to pay transaction fees on the network, fueling the network. Also, it allows the token holders to participate in governance decisions, such as protocol upgrades and changes to the network. 

Furthermore, users can stake their AVAX holdings to secure the network and potentially earn rewards. It is also vital to mention that CEX.IO Staking* also supports AVAX. Eligible users can potentially earn up to 5% annual crypto rewards for allocating their AVAX holdings. 

*Disclaimer: The CEX.IO Staking service and the availability of participating cryptocurrencies may be subject to local and regional regulations. 

Before registering for the Staking service or committing any assets, we strongly encourage all customers to conduct thorough research on local regulations and the availability of specific cryptocurrencies within their region.

Do I need an AVAX wallet?

Getting a crypto wallet is essential for those looking to acquire AVAX. Enthusiasts from Australia can choose among a variety of storage methods, with custodial wallets being the most popular choice. 

When registering and verifying their accounts, Australian participants receive a complimentary CEX.IO Crypto wallet. This simple process involves providing some personal details and necessary documentation to comply with our KYC/AML policy and typically takes under six (6) minutes to complete. 

Our free wallet allows eligible users to buy, sell, store, trade, swap, and convert AVAX, as well as other 200+ vetted assets on our platform. In addition, getting the CEX.IO Wallet allows enthusiasts from Australia to unlock a range of features and services, including the CEX.IO Staking, discussed above. 

Step-by-Step Guide: How to Buy AVAX in Australia

Registered customers can access a variety of gateways to buy AVAX in Australia with CEX.IO. One way to purchase AVAX is through Spot Trading, by trading this asset against other fiat and cryptocurrencies, such as EUR, USD, and USDT stablecoin. 

However, the most direct way to obtain AVAX is through Instant Buy. This feature allows eligible users to seamlessly link their crypto wallets with the preferred payment method and purchase the desired cryptocurrency, in this case, AVAX, at the current market price. 

It is also crucial to mention that Instant Buy is available through web browsers and our dedicated mobile apps across iOS and Android operating systems. Whether one uses Google Chrome or the CEX.IO Mobile App, the process of acquiring AVAX remains as follows:

1. Log in to your web or mobile wallet using your credentials.
2. Navigate to Instant Buy. 
3. Choose AVAX as your preferred cryptocurrency. 
4. Select the fiat currency you want to use for the purchase. We currently support EUR, USD, and GBP. 
5. Specify the amount you wish to allocate towards acquiring AVAX. 
6. Choose your preferred payment method from the list of available gateways. 
7. Follow the on-screen or in-app instructions to complete the payment. 

Payment methods

Enthusiasts from Australia will find a variety of payment methods on our platform, ranging from credit and debit cards to bank transfers. 

Bank cards are the most popular choice among Australian users. This is due to the fact that this functionality supports credit and debit cards from all major banks in Australia. However, our credit/debit card feature also works well with alternative payment processors, including Wise Card and Revolut. 

In addition to credit/debit cards and bank transfers, CEX.IO also supports payments through:

• Google Pay
• Apple Pay
• MoneyGram
• Skrill
• Neteller

Australian enthusiasts should keep in mind that some of the previously mentioned payment methods may be unavailable in their jurisdictions due to varying regulatory requirements. For example, CEX.IO also allows eligible users to buy crypto with PayPal. However, this method is available to U.S.-based customers only.

For this reason, we encourage all users to conduct thorough research and verify the availability of CEX.IO payment methods in their respective jurisdictions. 

FAQs

How to find the best way to buy AVAX?

Research is key when it comes to finding the best way to obtain AVAX. Interested parties should bear in mind several aspects that may affect their overall crypto experience, such as selecting the right exchange, the availability of their favorite payment methods, security features, and regulatory compliance. 

Where to buy AVAX in Australia?

Enthusiasts from Australia can obtain AVAX on various decentralized and centralized exchanges. While decentralized platforms offer potentially lower fees, they may require more technical knowledge and can be less user-friendly for beginners. On the other hand, centralized exchanges, like CEX.IO, offer more intuitive interfaces across web browsers and mobile devices and often have more robust security measures in place. Ultimately, the decision rests on the individual and their personal goals and financial appetites. 

What are the fees for buying AVAX?

The fees for buying AVAX can differ between exchanges and payment methods. For example, CEX.IO applies a transparent fee schedule for eligible enthusiasts participating in Spot Trading. Also, customers can check our payment limits and commissions for specific payment methods. For example, obtaining AVAX through credit cards may incur additional costs, while bank transfers typically come with zero commission. We advise all interested parties to check the specific fees associated with their preferred exchange and payment method before buying AVAX.