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Buying Avalanche (AVAX) in Canada is now easier than ever with more trustworthy Canadian specific options, and more international exchanges offering options to Canadian residents.
In this article, we will detail how you can purchase Avalanche (AVAX) and other cryptocurrencies from any province in Canada. To learn more about this token visit our Investing in Avalanche guide.
Things to Consider Before Buying AVAX in Canada
Before getting started, there are a few things to consider when you plan on buying Avalanche (AVAX) in Canada. These are important in helping you both choose the correct time, and the correct service to make your Avalanche (AVAX) purchase.
Market Position: This is a huge factor of course when you invest in any asset. Perhaps, even more, the case when you are buying Avalanche (AVAX). It is subject to more pronounced price movements than investing in stocks for example. In that case, you want to be fully aware of the market price at the time you are buying.
Trading Fees or Limits: These can vary from extremely competitive to very high depending on the service you choose to buy your Avalanche (AVAX) through. Always be sure to check for all fees and charges before making a purchase.
Top Places to Buy Avalanche (AVAX) in Canada
Though CoinSmart has only been in business since 2018, they have already developed a strong reputation for being a transparent exchange with good backing and credibility and is one of the best exchanges to buy Avalanche (AVAX). Canada has some of the most stringent regulations in place for user security, so immediately, knowing that CoinSmart is Canadian founded and based in Toronto is a positive.
The exchange is registered with FINTRAC, the national financial intelligence agency of Canada as a money services business and was recently granted restricted dealer registration with the Ontario Securities Commission along with all the other Canadian Securities Administration members.
Furthermore, the company is publicly traded having launched on the Canadian NEO stock exchange in November 2021. This listing, alongside the other regulatory frameworks in place at CoinSmart, ensures that they provide one of the most transparent, and well-regulated environments in Canada and worldwide for cryptocurrency trading.
Sign up with code: getcrypto and get C$20 of BTC when you fund your account.
Binance is one of the largest and most well-known cryptocurrency exchanges in the world. They accept residents from all Canadian provinces excluding Ontario. As a Canadian trader, you can also use Binance to purchase Avalanche (AVAX). There are slight differences when it comes to using exchanges like Binance instead of purchasing your Avalanche (AVAX) directly as you can through the other services mentioned.
The main key differences are that in purchasing from Binance you can also buy from other traders in the market through the exchange. This can mean great value for you in terms of price and costs. Binance charges between 1% and 3.5% for direct Avalanche (AVAX) purchases using your credit, debit card, or bank transfer, though if you want to buy Avalanche (AVAX) using another crypto the fee can be as low as 0.1% from other traders on the exchange.
The process of getting started is also just as convenient. All you need to do is register with Binance and complete the KYC checks they have in place. For direct purchases, they partner with Simplex as a payment provider that also ensures your transactions remain safe and secure. It should take no more than a few minutes to complete your Avalanche (AVAX) purchase with Binance.
They also offer over 300 of the most popular cryptocurrencies, if you want to buy altcoins including Binance (BNB), this is a great option.
Ontario residents are prohibited.
KuCoin is a well-known name in the industry, and one of the most competitive in the sector when it comes to fees and trading costs. The exchange has grown exponentially from the early days of offering only crypto to crypto trading and they now offer a varied range of services including a P2P exchange capability, and purchasing with credit or debit cards.
They currently offer Avalanche (AVAX) trading as well as over 300 other popular tokens. They are often the first to offer buying opportunities for new tokens.
Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.
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