Where to Buy Axie Infinity (AXS) Crypto (& How To): Guide 2022

Following the exponential growth of non-fungible tokens (NFTs), the gaming industry has taken great interest in blockchain technology. One of the initiatives that resulted from this was Axie Infinity – the ideal combination of blockchain, gaming, and NFTs.

There are many options for investors who want to buy Axie Infinity and partake in this exciting play-to-earn gaming platform. 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.

Best Platforms to Buy Axie Infinity

This section considers the best places to buy Axie Infinity’s native token (AXS) in minutes. Our review is based on hundreds of hours of platform research. We considered the platform’s fees, setup, supported payment options and security architecture in our study. Here’s our detailed review of the best cryptocurrency exchanges to buy Axie Infinity

What Is Axie Infinity?

Axies are non-fungible tokens (NFTs) and come with different traits and capabilities. Across the Axie Infinity ecosystem, there are over 500 different body forms Axies can take, including aquatic, beast, bird, bug, ant, and reptiles.

The body forms are further grouped into four rarity classes: common, rare, ultra rare, and legendary. The more rare an Axie’s form is, the more value they command. Meanwhile, the value for each Axie is determined subjectively because NFTs are virtual assets with no real-world value.

To develop or upgrade their digital pets, players can buy, breed, or battle in a 3 versus 3 battle with computer-controlled teams or other players across the internet. The winning side gets experience points (XPs) which can be used to upgrade the body parts of their digital pets.

Axie Infinity has become a global sensation largely due to the boom in cryptographically unique tokens in the past year. The digital collectible landscape became prominent in step with the broader crypto market.

Players in the Axie Infinity open-world gameplay can retain partial ownership of their Axies and trade them in the Axie Marketplace for fiat.

Getting started on Axie Infinity requires a substantial amount of investment. The game requires minimum ownership of three Axies, which can cost between $600 to $1000 in current value. Due to the high cost of playing the game, the Axie Infinity team launched game guilds to help owners of Axies rent their digital pets in return for a profit cut.

Axie Infinity has become the face of the new generation of gaming. Its players are rewarded for spending time on the platform, that is ‘play-to-earn’. The blockchain game hit a remarkable high of 2.5 million monthly users, with NFT sales of over $10 billion in late 2021.

Axie Infinity is powered by the AXS token, which is used for staking, governance, and speculation. The staking feature will allow users to earn more AXS tokens in return for securing the Ronin sidechain, which works with the larger Ethereum network. The governance function enables AXS holders to vote on the network’s proposals and updates.

A secondary token on Axie Infinity is the smooth love portion (SLP), which can be exchanged for fiat.

Axie Infinity Wallets

Crypto assets need to be properly stored to prevent theft. Blockchain-facing companies have developed specialised virtual and physical devices to ensure that virtual funds are inaccessible to malicious parties.

Software Wallet

Hot wallets, also called software wallets, are one of the most popular cryptocurrency storage options. They are always online, hence the affiliation with the ‘hot’ tag. Investors can easily get a hot wallet once they open an account with a crypto exchange. This allows them to store and manage their private keys, which prove their ownership of their assets to the blockchain network. Hot wallets are usually more convenient for everyday crypto transactions and can be custodial or non-custodial.

A custody wallet is responsible for storing assets to an exchange or a third-party platform. The user only places an order for a transfer or receipt, and the exchange signs off on the transaction, much like the traditional banking system. Meanwhile, a non-custodial or self-custody wallet gives the full responsibility to the end-user.

Hot wallets are usually free, but they are largely considered less secure due to their constant internet connectivity. An instance of a hot wallet is the Binance Wallet.

Hardware Wallet

A Hardware wallet is a device which has been created to provide an extra layer of security when interacting with your various cryptocurrency wallets.

Normally you would use your private key to move funds, the problem is though, if your computer has been compromised with malware or a virus, it is possible for your private keys to be captured and used to steal your funds.

With a hardware wallet, the private keys are stored on the device and never exposed to your computer, which means even if you are infected with such a program your private keys will remain safe. These options are safest way to store your crypto if you have more than a small amount.

Popular examples of cold storage offerings are the Ledger and Trezor line of hardware wallet solutions, read our reviews:

Mobile wallet

A mobile wallet is essentially a hot wallet on a smartphone device. They offer users an even more convenient way to use their coins for daily activities. Mobile wallets store and manage users’ private keys while enabling them to pay for things they love with their digital assets.

These wallets are usually free and always online for transactions to be processed. Popular mobile wallets are eToro Money Wallet and Coinbase Wallet.

Desktop wallet

A desktop wallet is a PC version of a hot wallet. It is essentially software that an investor downloads into their personal computer or laptop for easy interaction with their digital coins. They also offer a browser extension which allows users to interact using an extension instead of downloading the entire software. Desktop wallets are also hack-prone due to their online nature. A popular example is the Exodus Wallet.

Paper Wallet

The paper wallet is arguably the oldest form of crypto wallet. They are no longer common in the modern crypto industry. It contains users’ public and private keys. The paper wallet is the least secure type of wallet as it can easily be lost, stolen, or torched.

How to Buy Axie Infinity

Axie Infinity has proven to be a record success. Wondering how to buy AXS? Our top platform to buy Axie Infinity is social trading leader eToro.

The crypto exchange offers deep liquidity, competitive fees, and copy trading functionality. To get started in as little as 10 minutes, follow these detailed steps:

This broker offers low fees, high liquidity, a wide range of crypto offerings, top-notch security, and in-built wallet functionality. To get started seamlessly, follow these detailed steps:

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.

1. Sign Up

Visit eToro and click on the ‘Start Investing’ visible in the middle of the home page. This will redirect the investor to a registration page where they must enter a username, email address, and a strong password.

They can skip this process and sign up by connecting to a Google or Facebook account.

2. Verify ID

 

As a regulated broker, eToro requires that investors complete a know-your-customer (KYC) process on eToro. This process enables them to unlock this broker’s full trading features and functionalities. To get started, click on the newly created profile icon and proceed to select the ‘Verification’ icon. Once done, upload a valid ID card. This could be in the form of a driver’s license or any government-issued identity card.

Investors will also be asked to submit a recent utility bill or bank statement to validate their addresses.

3. Deposit Funds

Once the verification process is complete, investors can proceed to initiate a deposit on their newly created eToro account. Click on the action tab, select ‘Deposit Funds’, choose a payment channel, and input the investment amount.

Investors in the UK and US can invest with a minimum deposit of $10 with cards and a minimum deposit of $500 for bank transfers. Once done, tap on the ‘Deposit’ icon to place an order.

4. Buy Axie Infinity

The final step is to buy the AXS token. Type ‘AXS’ into the search bar and click on the relevant popup result.

Tap on ‘Trade’ to open up the order page and insert how much AXS coins are to be purchased. Then, click on ‘Open Trade’ to complete the purchase.

Conclusion

The Axie Infinity gaming platform has huge potential. Users have an opportunity to generate income while having fun in a fantasy world. Axie Infinity continues to provide great investment offerings to all players. Want to get started? we recommend eToro.

eToro is the best place for investors wondering how to buy Axie Infinity. The social trading platform has low fees, a beginner-friendly interface, and deep liquidity on Axie Infinity trades.