It also adds AXS to the growing list of the most volatile cryptos out there. Axie Infinity is popular for the play-to-earn game, battling creatures known as Axie against each other. Each Axie has six body parts and there are hundreds of variations for each of these parts. Both the Axie and its body parts are also NFTs that can be traded on the integrated NFT marketplace.
GALA: Multi-Game Ecosystem Strategy
To transfer these coins to another wallet or exchange, you first need to set up the eToro Money wallet app. To fund this account, hit the “Deposit Funds” icon on your user dashboard. A funding tab will pop up indicating all the payment options available to you – based on your country of residence. The most common income generators here involve participating in Axie battles and quests and winning tokens. When you have a large collection of Axies, you may lend them out to other players and earn a commission.
Step 6: Set up your Crypto Wallet
- Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator.
- Each Axie has six body parts and there are hundreds of variations for each of these parts.
- Click the Preview button to continue to the confirmation stage.
- A predominance of green days over this period suggests an upward trend that may continue in the short to medium term.
Ledger is one of the most secure crypto hardware wallets for storing cryptocurrencies. Choose the right trading pair – crypto or fiat – depending on the deposit method you’ve chosen. Presently, Axie Infinity is changing hands above the 200-day simple moving average (SMA), which is considered a bullish signal.
The column title ‘Anything to Anything’ signifies that with Uphold, you can convert or trade between any of the supported assets. For instance, you can trade Gold for Bitcoin, Silver for USD, or even Apple stock for AXS, etc. Axie Infinity is a highly volatile asset capable of major price swings in a single day. Today the price of AXS is $1.22, which is higher than yesterday’s trading price of $1.12. Over the past year, Axie Infinity’s price has seen a decrease of -73%. It is user-friendly, charges a fixed trading fee, gives free wallets to users, and has never been hacked.
How to Use STON.fi: Swap, Provide Liquidity, and Stake on TON Blockchain
Big brands like Square Enix and Ubisoft are testing blockchain titles, while newer studios are raising millions to build the next generation of games. AXS is an Ethereum-based asset native to How to buy axie infinity the Axie Infinity, a play-to-earn (P2E) game where players breed, raise, battle, and trade digital creatures called Axies. AXS, which is one of the two tokens that can be earned by the players during gameplay, is used as a governance token within the Axie Infinity ecosystem.
Sell
On the main navigation of the transaction column, select the second tab labeled Repeat, which opens extra options specific to the Repeat functionality. Next, specify the currency denomination of the funds you will be depositing to your Uphold account. In contrast, a decentralized exchange is a platform whose governance and leadership are distributed over a group of entities of individuals. This way, there is no single person or entity responsible for making crucial decisions affecting the operation of the exchange or ecosystem. While we cover a range of products, our comparison may not include every product or provider in the market.
Note that Binance also supports margin-traded crypto derivatives with leverages of more than 50X. Binance is the best exchange for buying Axie Infinity at low fees. Here, all crypto traders are subjected to a volume/based maker/take fee of between 0.1% and 0.012%. And if you settle this fee with BNB coins, you qualify for a 25% discount.
- The downside to using the payment option, however, is that it maintains relatively high transaction fees.
- The private keys are also heavily encrypted before being stored in your phone.
- Players can create mini-games, host concerts, or open virtual shops and earn MANA from sales or participation rewards.
How to Buy Axie Infinity (AXS)
The best way to store your crypto securely is by using cryptocurrency wallets. When placing a limit order, the investor specifies the price they are willing to pay or receive for the particular cryptocurrency. The order remains open until the asset reaches the specified price, or until the order is canceled by the investor. As a rule of thumb, most crypto exchanges support both crypto-to-crypto (e.g., AXS/BTC) and crypto-to-fiat (e.g., AXS/USD) trading pairs. Currently, MANA trades at around $0.32 with a $620 million market cap, marking an 11% year-over-year increase.
They are primarily acquired after in-game wins or traded for fiat or other crypto on exchanges. Smooth Love Portion (SLP) is, on the other hand, obtained when you complete quests or win fights in the arena. EToro’s user-friendliness starts with the maintenance of a quick and straightforward client onboarding and crypto buying process.
To play the game, you need three Axies to form a team, which might become a barrier for some users in the first place due to the price. However, winning a game would require good team synergy involving elements such as Axies stats and cards. This is made possible by its support for a large selection of digital assets. At the time of writing, for instance, Binance lists 600+ coins and 1000+ crypto trading pairs. It is also deeply liquid and has some of the fastest transaction processing speeds. Not forgetting that it also interacts with 100+ advanced charting tools and technical indicators.
IMX trades near $0.70 with a $1.36 billion market cap, up about 51% this year. It’s one of the few gaming tokens growing even while NFT sales cool off—proof it’s building real value. If the next bull run pumps gaming again, infrastructure plays like IMX could lead the charge.
It often takes days before the payment reflects on your trading account. At eToro, for example, it takes between 3 and 8 days for the payment to reflect in your account. PayPal is preferred to most other payment options because of its accessibility.