Buy Avalanche AVAX (€15.63)

Avalanche is a protocol developed in 2020 by the company Avalabs. The protocol is the Avalanche Consensus Model, which describes how a transaction should be carried out. The model has many similarities with the Proof-of-Stake algorithm but is distinguished by 'subsampled voting'. With subsampled voting, validators may accept or reject blocks. The validators are chosen randomly by the protocol. In this way information is constantly sent and received. This way it does not matter how many validators are active on the network. The network keeps expanding and can perform more transactions as the number of nodes grows.

AVAX coin is the abbreviation for Avalanche coin and is linked to the Avalanche network. AVAX allows validators to track blocks and perform transactions. There are currently over 269 million AVAX coins in circulation. The total number of coins in circulation is 720 million. Avalanche is a stable factor in the top 100 of CoinMarketCap and is currently ranked 12th with a market cap of over $9 billion.

Avalanche's network is currently capable of processing 4,500 transactions per second. In comparison to Ethereum and Bitcoin, Avalanche has a much faster network. Ethereum can only do 15 transactions per second. Bitcoin's network is even slower, with 7 transactions per second.

Buying Avalanche (AVAX) is easy with Anycoin Direct. After logging in you are just minutes away from getting your Avalanche tokens. In the Anycoin Vault you can purchase and receive Avalanche tokens in seconds after going through the purchase process. Here's how it works:

Step 1: Create an Account

To purchase Avalanche tokens from us you must have an account and be logged in. Creating an account is completely free and up to the first €250 you can trade without ID verification.

Step 2: Placing a buy order

Now that you have an account and are logged in, the next step is to place a buy order. You do this by indicating in the blue bar how many euros you want to buy in Avalanche tokens and use the buy button. Next you can choose to receive your crypto tokens in an external wallet or to receive AVAX tokens in your Vault. When you have made your choice, it's time for the payment. We accept payment methods like iDeal, Bancontact, Creditcard, SEPA, Giropay, SOFORT and Visa. Once you have paid, you will receive your purchase within a few minutes.

Step 3: Buy, sell and swap

After completing your purchase, you can now easily buy, sell or swap your digital assets against all cryptocurrencies we offer.

There are several ways to store Avalanche coins after you have purchased AVAX. For example, at Anycoin you can purchase and store Avalanche in the Anycoin Vault. The Anycoin Vault allows you to store your favourite tokens in one convenient digital environment, with the ability to instantly swap your tokens against any other token available in the Vault.

Avalanche Web Wallet

Would you rather store Avalanche in an external environment? The Avalanche web wallet is an option. The Avalanche web wallet is available from Avax network and is a wallet that requires internet access. The security of your wallet is largely in your hands. When creating a new wallet, you receive a recovery key, private key and key, of which you have to enter one every time to open your wallet.

Software / Mobile wallets

Software and mobile wallets can be downloaded onto your device. These wallets can be extensions to your browser or an app. From the extension you can store various cryptocurrencies. The wallets are often free and user-friendly, because you can often access your crypto quickly and easily. The disadvantage of software and mobile wallets is that you need to make sure your device is properly secured. These types of wallets run a higher risk of being hacked, because they are centrally managed by a third party.

Hardware wallets

Still the most secure way to store crypto is by using a hardware wallet. A hardware wallet is a physical wallet that you have to hide well, in order to avoid thieves. The biggest advantage of a hardware wallet is its security. It takes several actions to get into your wallet and the wallet can only be hacked when it is connected to your device. This makes a hardware wallet the most secure option. The disadvantage of a hardware wallet is that it is expensive. You can easily spend €100,- to buy a secure hardware wallet.

You can use the Avalanche network to send and receive AVAX. This is made possible by the Avalanche Consensus Model. The protocol is similar to the Proof-of-Stake algorithm and has only a few differences. It is therefore possible to stake Avalanche coins. By staking your coins you help the network as a validator. This means that with the help of your coins the network can track blocks and process transactions. As a reward, you will be paid a percentage of your coins. The disadvantage of staking Avalanche is that you need to make a minimum of 2000 AVAX coins available in order to become a validator.

Another option to AVAX coins is to make your coins available for liquidity pools. The advantage compared to staking is that the minimum deposit is a lot lower, making it easier to get in. Also, you usually get a higher percentage paid out as a reward. The disadvantage is that the risk is bigger, so the chance that you can lose your coins is bigger.

In 2020 Avalanche was developed by Ava Labs. Ava Labs is a team that consists of developers who have gained work experience at Google, Microsoft and NASA, among others. The CEO of Ava Labs is Emin Gün Sirer. He has been a professor at Cornell University in New York since 2001 and has helped scale Bitcoin in the past. Avalanche's development began in 2018 and has been funded primarily by public and private sales rounds. It raised $42 million in 2020 through an ICO (Initial Coin Offering).