How To Buy Axie Infinity (AXS)?

Axie Infinity 500x286 1 - How To Buy Axie Infinity

A common question you often see on social media from crypto beginners is “Where can I buy Axie Infinity?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. Thanks to its massive popularity, you can now buy Axie Infinity on most cryptocurrency exchanges, including Coinbase and Binance in 3 simple steps.

Step 1: Create an account on an exchange that supports Axie Infinity (AXS)

First, you will need to open an account on a cryptocurrency exchange that supports Axie Infinity (AXS).
We recommend the following based on functionality, reputation, security, support and fees:

1

 Binance

Create Binance Account - How To Buy Axie Infinity

Fees (Maker/Taker)            0.075%*-0.1%*

Cryptocurrencies
Available for Trade                             500
+

Sign-up bonus
 10% reduced trading fees*

Available in
Europe, Asia, Oceania, Africa

2

 MEXC

Create MEXC Account

Fees (Maker/Taker)                    0.2%*-0.2%*

Cryptocurrencies
Available for Trade                             1500
+

Sign-up bonus
 10% reduced trading fees & up to $170 in USDT vouchers*

Available in
North America, South America, Europe, Asia, Oceania, Africa

3

 Coinbase

Create Coinbase Account - How To Buy Axie Infinity

Fees (Maker/Taker)             1.49%*-3.99%*

Cryptocurrencies
Available for Trade                              150
+

Sign-up bonus
 $10 sign-up bonus*

Available in
North America, South America, Europe, Asia, Oceania, Africa

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Axie Infinity (AXS) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Axie Infinity (AXS)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Axie Infinity (AXS) or Axie Infinity (AXS) trading pairs. Look for the section that will allow you to buy Axie Infinity (AXS), and enter the amount of the cryptocurrency that you want to spend for Axie Infinity (AXS) or the amount of fiat currency that you want to spend towards buying Axie Infinity (AXS). The exchange will then calculate the equivalent amount of Axie Infinity (AXS) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Axie Infinity (AXS) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

How to create a Binance account

Create Binance Account

Show Detailed Instructions

Step 1: Go to the Binance website.

Step 2: On the registration page, enter your email address, and create a password for your account.
Then, read and agree to the Terms of Service and click “Create Account”.

How To Create a Binance Account Step 2

Note: Your password must be a combination of numbers and letters.
It should contain at least 8 characters, one UPPER CASE letter, and one number.

Step 3: Complete the Security Verification.

How To Create a Binance Account Step 3

Step 4:
The system will send a verification code to your email. The verification code is valid for 30 minutes. If you can’t find the email in your inbox, check your other mail folders as well, or click “Resend Email” to resend.
How To Create a Binance Account Step 4
Congratulations, you have successfully registered on Binance.

How to complete KYC (ID Verification) on Binance

Step 1: Log in to your Binance account and click “User Center” and then “Identification”.
 

How To Complete KYC ID Verification on Binance Step 1 - How To Buy Axie Infinity

Step 2: click “Start Now” to verify your account.

How To Complete KYC (ID Verification) on Binance Step 2

Step 3: Select your country of residence.
Ensure that your country of residence is consistent with your ID documents.

How To Complete KYC ID Verification on Binance Step 3 - How To Buy Axie Infinity

You will then see the list of verification requirements for your specific country/region. Click “Continue”.
How To Complete KYC (ID Verification) on Binance Step 4

Step 5: Enter your personal information and click “Continue.”

Make sure that all the information entered is consistent with your ID documents.
You won’t be able to change it once confirmed.
How To Complete KYC ID Verification on Binance Step 5 - How To Buy Axie Infinity
Step 6: Next, you will need to upload pictures of your ID documents. Choose the type of ID and the country your documents were issued. Most users can choose to verify with a passport, ID card, or driver’s license.
Refer to the respective options offered for your country.
How To Complete KYC (ID Verification) on Binance Step 6

Step 7: Follow the instructions to upload photos of your document. Your photos should clearly show the full ID document.

For example, if you are using an ID card, you have to take photos of the front and back of your ID card.
How To Complete KYC (ID Verification) on Binance Step 7
Step 8: After uploading the document photos, the system will ask for a selfie. Click “Upload File” to upload an existing photo from your computer.
How To Complete KYC ID Verification on Binance Step 8 - How To Buy Axie Infinity
Step 9: After that, the system will ask you to complete face verification. Click “Continue” to finish face verification on your computer. Alternatively, you can move your mouse to the QR code on the bottom right to complete the verification on your phone instead. Scan the QR code via your phone’s camera to finish the face verification process.
Do not wear hats, glasses, or use filters, and make sure that the lighting is sufficient.
How To Complete KYC ID Verification on Binance Step 9 - How To Buy Axie Infinity
After completing the process, please wait patiently.
Once your application has been verified, you will receive an email notification.

How to buy cryptocurrency on Binance

Step 1: Log in to your Binance account and click “Buy Crypto” and then “Credit/Debit Card”. 

How To Buy Cryptocurrency on Binance Step 1

Step 2: Here you can choose to buy crypto with different fiat currencies. Enter the fiat amount you want to spend and the system will automatically display the amount of crypto you can get. When you have selected the amount you wish to spend then press “Continue”.

Note: You might not be able to purchase every cryptocurrency directly using fiat, if you’re looking to purchase something that isn’t offered in the currency list on this page, then you will want to purchase USDT. We will then show you how to exchange that on the spot-market for the cryptocurrency that you want in the next section of this guide.

How To Buy Cryptocurrency on Binance Step 2 - How To Buy Axie Infinity

Step 3: Click “Add New Card”. Then enter your credit card details and your billing address.

How To Buy Cryptocurrency on Binance Step 3 - How To Buy Axie Infinity

Step 4: Check the payment details and confirm your order within 1 minute. After 1 minute, the price and the amount of crypto you will get will be recalculated. You can click “Refresh” to see the latest market price. You will then be redirected to your bank’s OTP Transaction Page. Follow the on-screen instructions to verify the payment.

How To Buy Cryptocurrency on Binance Step 4

How to Conduct Spot Trading on Binance

Step 1: Log in to your Binance account.
Click on “Classic” under “Trade” on the top navigation bar.

How to Conduct Spot Trading on Binance Step 1

Step 2: Search and enter the cryptocurrency you want to trade.

How to Conduct Spot Trading on Binance Step 2 - How To Buy Axie Infinity

Step 3: Set buying/selling prices and buying/selling amount (or exchange total). Then click on “Buy”/”Sell”.

(Note: The percentages under the “Amount” box refer to percentages of the total account balance.)

How to Conduct Spot Trading on Binance Step 3 - How To Buy Axie Infinity

Step 4: If you don’t want to set a manual price, you can place a “Market Order” to set the buying/selling price automatically.

How to Conduct Spot Trading on Binance Step 4

Hide Detailed Instructions

How to create a Gate.io account

Gate.io

Show Detailed Instructions

Step 1: Go to the Gate.io website.

Step 2: Choose your username, your email address and your password. Then check “I certify that I am 18 years of age or older, and I agree to the Gate.io User Agreement Privacy Policy” and click “NEXT”.

How To Create a Gate.io Account Step 2

Step 3: Set your fund password and click “Create account”.
Note: Your fund password must contain at least 6 characters and can not be the same as your login password.
How To Create a Gate.io Account Step 3
Step 4: An activation email will be sent to your email address. Complete the rest of the registration process by following the instructions in the email to activate your account. Once this is done done, click “Email activated, please log in”.

How To Create a Gate.io Account Step 4

How to complete KYC (ID Verification) on Gate.io

In order to ensure the safety of your assets, and to reduce fraud, money laundering, blackmail, and other illegal activities, Gate.io makes it mandatory that all users obtain KYC ID Verification. Only after your account has obtained KYC ID verification, can you withdraw funds or use credit cards or debit cards to buy cryptocurrencies.

Step 1: Log in to your Gate.io account.
Place your cursor on the top-right profile icon and go to “KYC (ID Verification)”

How To Complete KYC (ID Verification) on Gate.io Step 1

Step 2: Click “Individual (Verify now)”

How To Complete KYC (ID Verification) on Gate.io Step 2

Step 3: Select your country, input your full legal name (twice), fill in your ID information, upload photos of both sides of your ID card, and a photo of you holding your ID together with your User ID (UID) for Gate.io. You will see your User ID by placing the cursor on the top-right profile icon on the main page. Make sure everything is filled in correctly and then click on “Confirm and Submit”.

How To Complete KYC (ID Verification) On Gate.io Step 3

How To Complete KYC (ID Verification) On Gate.io Step 4

Step 4: After you have submitted all the requested information, you will see the pending approval.
Approval can take anywhere from a few hours to a few days to complete.

How To Complete KYC (ID Verification) On Gate.io Step 5

Once the KYC is approved, you’re ready to make your first cryptocurrency purchase.

How to buy cryptocurrency on Gate.io

Step 1: Log in to your Gate.io account.
Then in the Menu Bar at the top of the page, click “Buy Crypto” and select “Credit Card”.

How To Buy Cryptocurrency on Gate.io Step 1

Step 2: Enter the amount you wish to spend in the “Buy with Fiat Currency” tab and select the cryptocurrency that you want to buy under the “Currency Purchased” field. Then select one of the “Service Providers” below and click the “Place Order” button to enter the confirmation page.

Note: You might not be able to purchase every cryptocurrency directly using fiat, if you’re looking to purchase something that isn’t offered in the currency list on this page, then you will want to purchase USDT. We will then show you how to exchange that on the spot-market for the cryptocurrency that you want in the next section of this guide.

How To Buy Cryptocurrency on Gate.io Step 2

Step 3: On the confirmation page, select “Buy Crypto” or the “Create Order” button to complete the payment.

Note: To ensure a quick and secure way of receiving the order, users might need to conduct an additional Identity Verification (KYC) with a third-party service provider. Once successfully verified, the service provider will immediately transfer the cryptocurrencies to your Gate.io account.

How to Conduct Spot Trading on Gate.io

Step 1: Log in to your Gate.io account.
Click on “Spot Trading” under “Trade” on the top navigation bar.
You can either choose “standard” or “professional” version. This tutorial uses the standard version.

How to Conduct Spot Trading on Gate.io Step 1

Step 2: Search and enter the cryptocurrency you want to trade.

How to Conduct Spot Trading on Gate.io Step 2

Step 3: Set buying/selling prices and buying/selling amount (or exchange total). Then click on “Buy”/”Sell”.
(Note: The percentages under the “Amount” box refer to percentages of the total account balance.)

How to Conduct Spot Trading on Gate.io Step 3

Step 4: If you don’t want to set a manual price, you can click on the last prices on the order book to set the buying/selling price automatically.

How to Conduct Spot Trading on Gate.io Step 4

Step 5: Confirm the price and amount. Then click on “Place Order” to place the order, followed by “Confirm Order” to confirm it.

How to Conduct Spot Trading on Gate.io Step 5

 

Hide Detailed Instructions

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is Axie Infinity (AXS)?

Axie Infinity is a popular blockchain game that was inspired by the massively successful Pokemon game series. It features an open-ended, massively flexible gameplay that allows players to collect different digital pets known as Axies, which can be raised, battled, and traded throughout the ever-expanding Axie ecosystem. 

As of August 2021, Axie Infinity is currently the number one Ethereum-based gaming DApp by weekly on-chain volume. It is also one of the top three most popular gaming DApps by user counts — with over 100,000 unique weekly users. 

The platform is designed to provide a fun, accessible, and educational way to gain exposure to the capabilities of blockchain technology. It has already been successful in executing this vision, as Axie Infinity is now a prominent on-ramp to the blockchain industry in many developing countries.

What Are AXS and SLP?

There are two main tokens used in the Axie Infinity ecosystem: Axie Infinity Shards (AXS) and Smooth Love Potions (formerly Small Love Potion) (SLP). As the platform’s native governance token, AXS holders form part of Axie’s decentralized organization and can help shape the development of the platform — such as by deciding how treasury funds should be spent or how the ecosystem fund is allocated. SLP, on the other hand, is earned by playing the game and can be used to breed new Axies. 

Both AXS and SLP are ERC-20 tokens tradeable on the Ethereum network

Axie Infinity conducted the final phase of its token sale on the Binance Launchpad, raising a total of $2.97 million. It is being developed by a technology-focused game studio, Sky Mavis, which is led by accomplished entrepreneur and engineer, Trung Nguyen, experienced business developer, Aleksander Larsen (COO), and Viet Anh Ho — Sky Mavis’ CTO and a skilled engineer who previously held roles at Google and PayPal. 

AXS Use Cases

As of August 2021, the AXS token is primarily used for breeding new Axies. However, there are plans to add further functionality for the token, including:

Staking Rewards 

AXS holders will soon be able to stake their tokens to earn a proportionate chunk of the AXS inflation. This feature is scheduled to launch in 2021. 

Governance 

Axie Infinity is designed to transition to a decentralized governance system, which sees AXS stakers take over some of the decisions surrounding the development of the platform. It is expected that Sky Mavis will no longer have the majority vote by October 2023. Governance features are expected to launch in 2021, whereas Axie Infinity should be governed by a fully decentralized organization by late 2023. Some things voters may have a say over could include: how treasury funds are spent and which features are prioritized in the development roadmap. 

Purchase Eligibility

Users may need to hold AXS to participate in future Axie, Land, or item sales. 

How Does Axie Infinity Work?

Axie Infinity is a battle game that allows users to battle their Axies in real-time. Each Axie is unique and represented by an ERC-721 non-fungible token (NFT). 

Each Axie has four different stats: Health, Morale, Skill, and Speed. Each of these plays a crucial role in Axie’s battle mechanics since they decide how much damage the Axie can take, who attacks first, and how much damage it can dish out, etc.

Axies come in one of either six normal classes (Aquatic, Beast, Bird, Bug, Plant, or Reptile) or one of three secret classes (Dawn, Dusk, or Mech). Different classes have their strengths and weaknesses that make them more or less effective against certain other classes. For example, Aquatics are strong against Beast, Bug, and Mech Axies, but are weak against Reptile, Plant, and Dusk Axies. They also affect Axie’s stats. 

An Axie is comprised of six body parts: back, ears, eyes, horns, mouth, and tail. Barring the eyes and ears, these parts each have an ability associated with them, and therefore influence the Axie’s capabilities in battle.

Beyond being used to earn SLP by participating in quests, PVP Arena, and Adventure Mode, Axies can also be bred to create potentially rare and powerful combinations. ​​Each Axie can only be bred a maximum of 7 times to limit the Axie population. This costs 4 AXS plus a variable number of SLPs — the first breeding cycle costs 150 SLP, whereas this increases to 3,150 on the seventh (and last). 

Each body part of an Axie has three genes associated with it: one dominant (D), one recessive (R1), and one minor recessive (R2) gene. Dominant genes have a 37.5% chance of being passed down to any offspring, whereas this drops to 9.375% for recessive genes, and 3.125% for minor recessive genes. 

A publicly available calculator can be used to calculate the odds that an offspring of any two Axies will have specific traits. 

Some of the rarest types of Axies are those with Mystic parts — which are only found in some of the original batches of Axies sold during the pre-sale. 25% of the original batch of 4,088 Axies (known as Origins) have Mystic parts, out of these a total of 19 triple mystics and 3 quad mystics were created. So far, all three of the most expensive Axies ever sold were triple mystics — including #2761, #3224, and #1046, which sold for 200, 200, and 300 ETH respectively. 

As of August 2021, one of the last remaining quadruple mystics (#991) is currently listed for sale at 5,000 ETH. Mystic traits cannot be passed down. 

A variety of in-game resources are tokenized and tradeable on P2P marketplaces. These include plots of land which users can customize with various items. In total, the Axie Infinity world of Lunacia consists of 90,601 plots of land, spread across seven types (Savannah, Forest, Arctic, Mystic, Genesis, Lunas Landing, and Map). 

Axie Infinity is also developing a Lunacia SDK, which players and developers will be able to use to create additional game experiences using Axie Infinity art assets.

Since it first launched in 2018, Axie Infinity has undergone several upgrades and updates. The breeding game, battle game, and card battle game are now fully operational — whereas land gameplay is in internal testing. Land, items, and Axies have now been migrated to the Ronin sidechain. Some near-term roadmap items include the launch of land gameplay in H1 2022, followed by the alpha launch of the Lunacia SDK in H2 2022. 

The game primarily operates on the Ethereum blockchain, but the development team behind the game is also building a high-speed side-chain solution known as Ronin. This is designed to improve the player experience by increasing speed and practically eliminating gas fees while retaining the security that comes with the Ethereum blockchain

Play-to-Earn: How Does it Work?

Axie Infinity has helped to define a new game genre, known as play-to-earn since it allows users to earn an income in the form AXS, SLP, and items just from playing the game. 

New players will need to either buy (or borrow) a minimum of three Axies to begin playing. As of writing, the cheapest available Axies cost somewhere between $70 to $250 a pop. Whereas, Axies with any sort of desirable body parts, abilities, or skills will likely cost significantly more. This can pose a significant barrier to entry for new players. 

What Is A Scholarship In Axie Infinity?

Axie Infinity is unusual in the fact that it is an entire thriving micro-economy unto itself. There are thousands of players grinding for AXS and SLP, breeding and battling Axies, and buying and selling Axies, Land, and a variety of other rare items to generate an income. 

The play-to-earn characteristics of Axie Infinity have even led to the formation of the Axie Infinity scholarship economy, which essentially sees well-heeled players, known as Managers, lend out a team of three Axies to workers, known as Scholars. 

These Scholars then use the team of Axies to grind for SLP and other rare items and share the loot with the Managers. The Manager might also provide educational resources and mentoring to the Scholar, helping to maximize their yield per day. 

It’s important to note that multi-accounts in Axie Infinity are prohibited. As such, scholarships are a way for Managers to deploy more than three Axies at a time without getting banned. Any user caught with multi-accounts risks having their Axies banned — earning it a banned mark on Axie Infinity Marketplace — while temporarily limiting how it engages with the service.

As a result, Managers must ensure that their Scholars are not breaking the rules — or risk getting their Axies either temporarily or permanently blocked from engaging with the game.

Official website: https://axieinfinity.com/

Best cryptocurrency wallet for Axie Infinity (AXS)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Axie Infinity (AXS)?

Deciding which type of wallet to use depends on a variety of factors, including:

  • How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
  • What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
  • Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
  • How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
  • What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).

Ledger Hardware Wallet
Trezor Hardware Wallet

Market Overview

Coinmarketcap.com

Find the latest Axie Infinity (AXS) price chart, trade volume, market cap, and other vital information to help you with your cryptocurrency trading and investing.

Coinmarketcap will be your cryptocurrency go-to for just about everything. Here you can see the following:

Market Capitalization And Daily Trading Volume

Current Market Price Of Every Cryptocurrency Relative To USD (And Some Local Currencies)

Circulating And Total Supply

Historical Charts With Prices Relative To USD, Bitcoin (BTC), And Ethereum (ETH).

CMC - How To Buy Axie Infinity
Last updated Apr 29, 2022

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