How to buy Axie Infinity 2022? Our guide to safe & affordable AXS purchase!

Christina Clarke
October 11, 2021
How to buy Axie Infinity 2021 Our guide to safe & affordable AXS purchase!
Our guide to safe & affordable AXS purchase!

NFTs (non-fungible tokens) are becoming increasingly popular among cryptocurrency investors. From art to gaming, NFTs are hugely popular. For example, an exciting project is called Axie Infinity (AXS).

Axie Infinity (AXS) is a blockchain-based trading and fighting game owned and operated by its players. Players collect, breed, draw, fight, and trade clay-based creatures known as Axies. The game has now taken the world by storm – and the governance token AXS is now ranked 34th in market capitalisation.

Due to the increasing popularity of the coin, we took a closer look at the cryptocurrency. What exactly is Axie Infinity (AXS)? How does cryptocurrency work? Where can you get Axie Infinity? What is the price of cryptocurrency? And what about the prognoses?

Table of Contents

Buy Axie Infinity: What should you look out for in order to buy AXS cheaply and safely?

Axie Infinity (AXS) has seen an incredible 41,069.39% increase since its launch in November 2020. The blockchain-based game only recently hit its all-time high. When buying an Axie Infinity, you should pay attention to the following points so that nothing goes wrong:

  • Where are the best places to buy Axie Infinity? Unfortunately, there is currently no broker offering Axie Infinity. However, due to its rapidly increasing popularity, the coin will soon be available on ETFinance.
  • Do I want to hold or actively trade Axie Infinity for the long term? That depends on your trading strategy.
  • How does an Axie Infinity wallet work? ETFinance offers a simple integrated wallet.
  • Is it worth investing in Axie Infinity? Axie Infinity is currently unstoppable. In the last few weeks alone, the token has become increasingly popular. So an investment could well be worthwhile.
How to buy Axie Infinity with Euro in South Africa? Buy AXS Instructions for Beginners with ETFinance:

We now explain how to buy Axie Infinity (AXS). Again, we use the broker ETFinance for this. It offers the advantage that you can trade both real cryptocurrencies and CFDs – ETFinance combines the advantages of a broker and those of a crypto exchange.

Note: Axie Infinity’s token is currently unavailable from any crypto broker, as it is Axie Infinity’s governance token, which is currently only used in its own network. However, since the price has risen extremely in the last few weeks and the demand is correspondingly high, we are sure that ETFinance will add Axie Infinity to the range soon. Once that’s done, you can buy Axie Infinity on ETFinance using our guide.

etfinance

First step: Registration with a broker or a crypto exchange

First, you have to register with ETFinance. To do this, click on the following link to get to the registration form:

Then enter your username, email and password in the form and accept the terms and conditions:

You will then receive an email for verification, in which you simply click on the link to confirm the email address.

Second step: top up your account

The next step is to top up your account with money to buy Axie Infinity in the future. To do this, click on the “Deposit money ” button on ETFinance :

Then you choose the amount and payment method you want to deposit, and then click on the “Send” button to deposit the amount.

Buy Axie Infinity with a credit card, PayPal, Sofortüberweisung and more

In our example, we show the purchase with a credit card. ETFinance also offers other deposit options :

Payment optionPossible?
Axie Infinity purchase with credit card✔️
Buy Axie Infinity with PayPal✔️
Buy Axie Infinity with Skrill✔️
Buy Axie Infinity with bank transfer✔️
Buy Axie Infinity with Neteller✔️
Buy Axie Infinity with UnionPay✔️

Third step: Buy the Axie Infinity online with euros

As soon as you have topped up your account on ETFinance, you can already buy Axie Infinity. To do this, we click into the search field above and enter “Axie Infinity” there. Then we click on the ” Trade ” button.

The purchase window then opens. Here you have the following options:

  1. Buy or sell: If you want to buy Axie Infinity, click on “Buy”.
  2. Trade or orders: Here, you can choose whether you want to execute the trade immediately (trade) or with a delay (order).
  3. Amount: How much Axie Infinity do you want to buy?
  4. Stop Loss and Take Profit: At what loss or profit the position should be automatically sold.
  5. Leverage: The leverage you want to use to buy Axie Infinity. With leverage X1 you buy real coins; with leverage X2, you buy leveraged Axie Infinity CFDs.

After configuring, so, for all options, you click on the ” Open Trade ” button to complete the purchase.

You have now purchased Axie Infinity!

What is Axie Infinity?

Axie Infinity was launched in 2018 by Sky Mavis, a game developer. Axie Infinity is a new game on the Ethereum blockchain. It can be compared to Tamagotchi or Pokémon: Players “breed” token-based creatures, so-called Axies, raise them, collect them, trade them or use them to fight other players.

The creatures in Axie Infinity, Axies come in a variety of shapes and colours. A total of 500 components are available: parts of birds, beetles, reptiles or other beings. These components, in turn, are divided into four levels of rarity: common, rare, extremely rare and legendary. Each of these beings is also a so-called NFT (non-fungible token) and can be traded accordingly.

The Axie Infinity ecosystem also has its own governance token, the Axie Infinity Shards (AXS). The token is mainly used to take part in votes.

How does Axie Infinity (AXS) work?

Axie Infinity is based on the Ethereum Blockchain, which is powered by the governance token AXS. This is a rapidly growing community with players from all over the world. In addition, the game uses NFT technology, which allows you to generate passive income by playing.

The AXS Token is the governance token of the Axie Infinity ecosystem. It gives players a say in important decisions. Its community basically drives the game.

What are Axie Infinity CFDs?

With cryptocurrencies, as with other financial instruments, you have the option of either buying real coins or in the form of CFDs. You will not buy the cryptocurrency yourself, but you can rely on the price trend.

After all, CFDs are independent financial products that use certain underlying values ​​only as a price measure. Theoretically, you acquire a right to buy or sell the asset with these contracts for difference. As a result, the resulting gap between purchase and sales prices is wiped out as profit or loss. In the same way, and Axie Infinity CFD is an all-or-nothing deal.

How to buy Axie Infinity

Buy Axie Infinity as CFD or real cryptocurrency?

Axie Infinity CFD trading

  • Fee advantage when trading
  • Regulated by the state and subject to deposit insurance: You are protected against hacks and attacks.
  • No complicated depot setup required
  • Trading with leverage
  • No “real” AXS
  • Fee disadvantage for long-term investors
  • Risky investment: Large losses possible in the case of leveraged (leverage) trading

“Real” Axie Infinity trade

  • Owning real Axie Infinity Coins that you can manage yourself
  • With an additional wallet you can buy, sell or exchange cryptocurrencies
  • Steep learning curve
  • Vulnerable to hacks and cyber attacks
  • You are responsible for managing coins yourself
  • You often need an additional wallet for storage

With Crypto CFD Broker, you can trade cryptocurrencies without actually owning them. This is advantageous because you don’t have to worry about storing it with a  crypto wallet.

At this point, we have to repeat the recommendation for our test winner broker, ETFinance: With ETFinance, it is possible to trade Crypto CFDs with leverage and buy real cryptocurrencies and store them in the integrated  ETFinance wallet. In addition, with ETFinance, you have an integrated wallet with you – so if you want to buy real coins, you don’t have to worry about it.

Buying or Selling Axie Infinity? Our advantages and disadvantages analysis:

  • New cryptocurrency with growth potential
  • The great popularity of NFTs
  • Constantly increasing number of players
  • Rapid price increase
  • AXS is part of the thriving community
  • Opportunity to earn cryptos by playing
  • Still relatively unknown currency
  • It is unclear whether the hype will continue

What are the fees for buying Axie Infinity?

Axie Infinity is not currently available on ETFinance. Due to the high popularity, we assume that the coins will be available soon. The fee table should therefore show how much costs will be incurred when buying the Axie Infinity as soon as the cryptocurrency is added to the range at ETFinance:

  • We buy Axie Infinity (AXS) worth € 1,000
  • We hold our coins for 30 days and then sell them again
  • For the sake of simplicity, we assume that the course does not change in the 30 days

With these assumptions, we now go through the fees of the largest providers:

providersETFinancecoinbasePlus500
DepositFree3.99%for free
Purchase feesFree1.49%3.08% *
Holding feesFreefor free0.05% *
Sales chargesSpreads1.49%3.08% *
Total feesReasonable€ 68.24€ 92.32

Axie Infinity course: key moments in the course of Axie Infinity (AXS)

  1. November 04, 2020: Axie Infinity launches into the mainnet, the price is still being traded at less than EUR 0.14.
  2. April 07, 2021: Axie Infinity reaches a larger audience and acceptance increases. The price rises to EUR 6.55
  3. July 28, 2021: Axie Infinity gained immense popularity, AXS also increased in value. The price is now  EUR 39.72.

August 11, 2021: AXS reaches its all-time high of  EUR 65.66. Since the token was introduced, the value has increased by an incredible 41069.39%.

Buy the Axie Infinity with or without a wallet?

In general, a wallet is always the safest place to store cryptocurrencies. If the coins and tokens are instead on an exchange, you may lose access to them – for example, in the event of a hack attack or if a broker becomes insolvent.

Using a wallet is not necessarily more complicated than using the common stock exchange platforms. A wallet is therefore recommended in any case.

However, using a wallet for trading with Axie Infinity is not mandatory if you want to trade the coin. As Axie Infinity is currently in high demand and growing in popularity, the coins will most likely be available via ETFinance soon. Furthermore, you have the advantage that you don’t need your wallet, as this is already integrated into ETFinance. You can also download the ETFinance Wallet, which allows you to send and receive cryptocurrencies and exchange them for FIAT money.

However, if you are interested in a wallet, you can get more information about wallets in our crypto wallet comparison. However, you don’t need a wallet to invest in Axie Infinity (AXS) CFDs instead of buying the coins. All you have to do is register with ETFinance and invest in the relevant CFDs there.

How to buy Axie Infinity

Buy Axie Infinity PayPal: where to buy Axie Infinity with PayPal?

Paypal, unfortunately, plays only a minor role related to the company’s warranty conditions. As a result, many brokers do not use PayPal, although it is one of the most convenient payment methods. With PayPal, for example, fees only apply if you top up your PayPal account using your credit card instead of SEPA or an instant transfer. Then a flat rate of € 0.35 transfer costs and 1.9% fees on the amount sent is suggested.

PayPal offers one of the easiest payment methods on the internet and not only that:  also one of the cheapest. However, PayPal is available as a means of payment at ETFinance. As soon as Axie Infinity has been added to the ETFinance range, you can conveniently pay into your customer account with PayPal to then either buy Axie Infinity Coins or invest in Axie Infinity CFDs.

Does it make sense to invest in Axie Infinity? Which cryptocurrency is the best investment?

It is currently impossible to purchase Axie Infinity tokens via crypto exchanges other than your platform. However, due to the increasing popularity of DeFi projects, we assume that most brokers will soon be offering the Axie Infinity Coins. However, if you want to deal with other cryptocurrencies, there are quite a few to choose from. Here are some of our alternatives:

Alternative 1: Opportunities in the field of cryptocurrencies

If you want to invest in cryptocurrencies, you are, of course, spoiled for choice. The most popular alternatives to Axie Infinity are:

  • Buy Bitcoin: The top dog among the cryptocurrencies is seen by many as the “digital gold” and one of the most stable cryptos.
  • Buy Ripple: Ripple has emerged as one of the most popular cryptocurrencies in the past few months.
  • Buy Ethereum: Ethereum is the solution for smart contracts and is still the second most popular cryptocurrency..

Alternative 2: crypto stocks

Another alternative is crypto stocks: chip manufacturers, mining companies, and even the Bitcoin Group have posted strong profits so far. So if you don’t just want to trade in cryptocurrencies, you can also benefit from stocks. And if you want to diversify your portfolio and trade in cryptocurrencies and stocks, you can do this easily via  ETFinance.

  • Bitcoin stocks: If you don’t want to invest directly in cryptocurrencies, you can also invest in stocks.
  • NVIDIA stocks: NVIDIA manufactures necessary graphics chips, especially for mining – if the crypto boom continues, NVIDIA is undoubtedly a good investment

Axie Infinity Trading – Should You Hold Axie Infinity Long or Trade Short Term?

Whether you want to hold Axie Infinity long-term or trade short-term depends on your own trading strategies and risk management. Many analysts advise investing in Axie Infinity for the long term, as the cryptocurrency is up-and-coming, and the collaborations also positively influence the price development. Axie Infinity has recorded a whopping increase of 1827.06%% since its market launch  – but we recommend short-term trading as the currency is still hardly known.

Of course, you can also trade Axie Infinity for the long term – but this is only worthwhile if the major crypto exchanges have included the tokens in their range. So at the moment, we have to wait and see.

Buy Axie Infinity at bitcoin.de, coinbase, binance, Bison & Comdirect – Why we recommend ETFinance as an alternative:

How to buy Axie Infinity

Axie Infinity is currently not offered on any exchange, except for the Axie Infinity platform itself. However, due to the increasing demand for cryptocurrencies, it is quite conceivable that the Axie Infinity will be offered on other crypto exchanges.

However, if you want to trade with the coins or speculate on their price development, we strongly recommend a  safe and intuitive crypto exchange. And here you should pay particular attention to the conditions.

In our large crypto exchange comparison, we were able to determine a clear test winner: ETFinance. ETFinance offers a modern platform for beginners and advanced users, both an in-house app and an integrated wallet. So if you don’t want to buy an additional wallet or set up yourself, you are best off with ETFinance.

Can you buy Axie Infinity offline?

Axie Infinity is the token of the blockchain platform Axie Infinity and is also issued there. However, since Axie Infinity is a digital currency, it cannot be bought offline.

To buy Axie Infinity, you need a good crypto exchange and, if you want to be on the safe side, a wallet. First, however, the currency must be purchased with an existing internet connection.

However, if you want to keep the currency offline, you can buy a  hardware wallet.

Can you buy Axie Infinity anonymously?

In the early days of cryptocurrencies, it was still possible to purchase coins anonymously. But only with detours. In the meantime, it is actually no longer that easy to allow absolute anonymity to prevail when buying cryptocurrencies. If you take a closer look, you have to say goodbye to anonymous buying.

There are only severe platforms that allow the purchase of cryptos that ask for user data. So you are already in grey areas if you get to a trading platform that doesn’t do this. But then you can quickly get caught up in a fraudster and get rid of your cash but have not received any coins. So in this respect, one should pay attention to priorities.

We would rather recommend the safe and reputable Axie Infinity purchase from the online broker ETFinance, instead of 100% anonymity.  The lack of anonymity ensures security for everyone involved.

Can you buy an Axie Infinity without verification?

If you want to trade with cryptocurrencies, you can not avoid verification at a  crypto exchange. This is for your protection and also for the protection of the exchange and those involved. After all, you want to trade with real people who have been verified. When you register on  ETFinance, verification is quick and easy.

Can you buy Axie Infinity without registering?

The easiest way to buy Axie Infinity is with a crypto broker. In any case, however, registration is necessary. This offers protection and security at the same time for investors and the stock market. Axie Infinity is not yet tradable with our test winner ETFinance, but we assume it will soon be added to the range. So you can either buy real coins or bet on their price development (using CFD trading).

How to Resell Axie Infinity: Our Guide to ETFinance

As soon as Axie Infinity can be found on ETFinance, you can simply buy and sell the cryptocurrency there. The steps here are similar to those for buying cryptocurrency.

1st step: Log in

The first step is to log into the ETFinance customer account as usual. You can do this either via the computer or via the smartphone or tablet. You can also log in via the app to sell Axie Infinity, so you have different options.

Step 2: Select Axie Infinity

In the next step, you click on your portfolio to find all the assets you have bought on ETFinance.

As soon as you have clicked on the portfolio, you get a list of all financial instruments. For example, there you look for Axie Infinity (AXS) and then click on Sell on the right-hand side.

3. Sell the Axie Infinity

As soon as you have clicked on  Sell, another window appears, just like when you bought the cryptocurrency. Here you can still decide between order and trade. Then you are the amount, and then click Open Trade or order placing. In addition, you can make other settings, such as the amount at which the position is automatically closed.

Buy Axie Infinity (AXS) Conclusion – Our recommendation:

Axie Infinity (AXS) is a new cryptocurrency attracting attention mainly due to the concentration of blockchain-based gaming. The game, which is very similar to Pokémon or Tamagotchi, delights fans worldwide. The so-called Axies’ figures can be exchanged and traded as NFTs, making Axie Infinity unique. In addition, as an AXS owner, you also have a say in the progress of the DeFi project.

It is currently not possible to trade Axie Infinity on well-known brokers such as ETFinance. However, because the cryptocurrency is now ranked 34th based on its market capitalisation and is gaining increasing popularity, it may well be that well-known brokers will soon add the currency to their range.

Since the value has increased by an unbelievable 41069.39%  in the last few months alone, we assume that the price of AXS will continue to rise in the coming months.

As soon as Axie Infinity is available at ETFinance, an investment could be worthwhile. ETFinance is our test winner of the crypto exchanges and can score points above all with low fees, an in-house app,  and the social trading function.

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FAQs

The real Axie Infinity purchase works either via the platform itself or soon via crypto exchanges such as eToro. Only here can you get real coins. If you only want to devote yourself to trading and have little interest in actual tokens, CFD crypto brokers such as our test winner are also suitable.

Brokers allow you to trade the values ​​through CFDs or options. On an exchange, you exchange currencies with other market participants. In order to be able to decide on a provider, Secured Brokers has put together important assistance by comparing the best crypto exchanges.

The Axie Infinity course has been skyrocketing lately. Due to the high popularity of NFTs, the upward trend is currently unstoppable. Further increases in value cannot be ruled out.

This should be considered in advance when choosing a digital wallet. Not all wallets support multiple cryptocurrencies. Certain platforms already offer an online wallet in their offer. But there are also very secure hardware wallets that support both Bitcoin and Axie Infinity (AXS).

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