How To Buy Avalanche In Canada (May 2022)

March 14, 2022
Blog

To buy Avalanche (AVAX) in Canada, you’ll need a reliable crypto platform that offers the token. After you’ve found one, you may purchase Avalanche tokens with either fiat money or trade other cryptocurrencies for them.

CoinSmart is my recommended crypto trading platform due to its high level of security, ease of use, and low trading fees. If you’re serious about buying and selling crypto in Canada, I can’t recommend CoinSmart highly enough.

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Offer ends May 19.

How to Buy Avalanche (AVAX) In Canada

To buy Avalanche in Canada, you need a trading platform that carries the token where you can purchase it using fiat currencies (such as CAD or USD). Alternatively, you can use a platform that supports other cryptocurrencies—including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE)—and then trade these for Avalanche tokens as well. This step is a little less direct, but it still gets you the same end result.

Top Crypto Platform For Buying Avalanche In Canada

1. CoinSmart

Best Overall

Trading fees: 0.2%
Security: 95% cold storage
Signup bonus: $50

$50 offer ends May 19.

★★★★★

Rated 4.9/5

CoinSmart is, without a doubt, the best crypto platform in Canada in 2022.

For starters, CoinSmart’s trading fees are an incredibly low 0.2%. They offer excellent customer support available 24/7 via phone, live chat and email, and user accounts are verified instantly.

CoinSmart has been designated a Registered Marketplace by the Ontario Securities Commission (OSC), and as a publicly-traded company, their financials are audited by a third-party firm at least once per year. They also maintain a 95% cold storage policy, which ensures your crypto is kept extra safe and secure across all circumstances.

As a new CoinSmart user, you’ll receive a $50 bonus upon funding your account, which you can use to buy Bitcoin, Ethereum, or any of the 16 assets CoinSmart supports. If you’re looking for a highly secure, reputable crypto platform, CoinSmart is an excellent choice.

Features

  • Extremely low trading fees (0.2%)
  • 24/7 customer support available via phone, live chat or email
  • Instant account verification
  • Supports 16 cryptocurrencies
  • Registered Marketplace by the OSC
  • Immediate deposits and withdrawals
  • User-friendly for both beginners and advanced traders
  • 95% cold storage policy keeps your crypto extra secure

Cost

  • Account Opening: Free
  • Trading Fees: 0.2%
  • INTERAC Deposit: 0%
  • Bank Wire Deposit: 0%
  • Bank Wire Withdrawal: 1%
  • EFT Withdrawal: 1%

Signup Bonus

$50 bonus when you sign up using this link and our promo code YOREOYSTER.

Best For

Investors looking for low fees and the best overall trading experience.

CLAIM MY $50 BONUS
Offer ends May 19.

How To Buy Avalanche In Canada FAQs

What Is Avalanche (AVAX)?

Avalanche (AVAX) is a cryptocurrency belonging to the Avalanche blockchain. It’s been designed to compete with Ethereum, and like the Ethereum blockchain, Avalanche uses smart contracts to support a variety of blockchain projects and protocols.

The Avalanche blockchain has the potential to provide near-instant transactions. AVAX, on the other hand, is used to pay transaction processing costs as well as to secure the Avalanche network. It also works as a fundamental unit of account among blockchains in the Avalanche network.

Avalanche aims to be the fastest blockchain around. It’s versatile, secure, inexpensive, and accessible. The Avalanche blockchain is capable of handling 4,500 transactions every second, according to its developers.

Can I Buy Avalanche (AVAX) In Canada?

Yes, buying Avalanche (AVAX) in Canada is both legal and doable. All you have to do is find a reputable cryptocurrency trading platform that offers the token, and then you may buy it with either fiat currency (CAD, USD, etc.) or trade another cryptocurrency for Avalanche tokens.

For this purpose, we recommend that you use CoinSmart. CoinSmart is one of Canada’s top-rated crypto platforms, and with it, you can buy Avalanche (AVAX) tokens easily.

How Do I Store My Avalanche (AVAX) Tokens?

There are several options for storing your Avalanche (AVAX) coins.

One of them is to leave your coins in your crypto exchange account. Because crypto companies maintain about 95% of the assets they possess in cold storage, this would be safer than using a software (or hot) wallet. Your account could still be hacked and stolen, though, even with this kind of protection.

You may also store your Avalanche tokens in a personal cryptocurrency wallet, which will safeguard your private keys and digital assets. It’s not guaranteed safety, but storing your assets on the exchange where you bought them is considerably riskier.

As someone who’s tried out more than a dozen different wallets over the years, here are my top 3 picks for the best crypto wallet for Canadians:

#1 Best Overall

Supports: 70+ crypto assets
Type: Software wallet
Cost: Free

The most secure wallet, period.

★★★★★

Rated 4.9/5

Top Hardware Wallet

Supports: 1,800+ crypto assets
Type: Hardware wallet
Cost: $199 CAD

Rated 4.6/5 on Amazon.

★★★★

Rated 4.3/5

Best For Altcoins

Supports: 1,000+ crypto assets
Type: Hardware wallet
Cost: $75 CAD

Trusted by 1 million+ investors.

★★★★

Rated 4.1/5

  1. ZenGo: ZenGo is a free software wallet that leverages the blockchain to make it significantly more secure than traditional wallets while also being extremely easy to use. Sending and receiving crypto to/from ZenGo is also free, and it takes less than 30 seconds to open your free ZenGo wallet.
  2. Ledger Nano S: The Ledger Nano S is a hardware wallet that uses a certified secure chip to protect your private keys. It supports 1,500+ cryptocurrencies and allows users to hold up to 20 digital assets on the device at any given time.
  3. Trezor Model One: The Trezor Model One is a hardware wallet and password manager that supports 1,000+ cryptocurrencies. Its Trusted Display ensures extremely secure transactions, and its compact design makes it easy to keep your crypto safe.

Is Avalanche (AVAX) A Good Investment?

Investing in any sort of cryptocurrency is always risky, and you can lose all of your money if you’re not careful. With that said, Avalanche (AVAX) is a project with plenty of potential. In terms of its management team and its credentials, the Avalanche project checks a lot of boxes. Whether it turns out to be a good long-term investment, though, remains to be seen.

In Summary

To buy Avalanche (AVAX) in Canada, you’ll need a reliable crypto platform that offers the token. After you’ve found one, you may purchase Avalanche tokens with either fiat money or trade other cryptocurrencies for them.

Knowledgeable Canadian crypto investors turn to CoinSmart for buying Avalanche. Given its security, simplicity, and low fees, I can’t recommend CoinSmart enough.

CLAIM MY $50 BONUS
Offer ends May 19.

The Best Crypto Exchanges In Canada

Best Overall

Supports: 16 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.2%

$50 bonus ends May 19.

★★★★★

Rated 4.9/5

Lowest Fees

Supports: 17 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.1% - 0.2%

Free account, instant verification

★★★★★

Rated 4.8/5

Best For Altcoins

Trading fees: 0.4%
Security: 95% cold storage
Signup bonus: $10

Trade with 10x leverage.

★★★★

Rated 4.2/5