Axie Infinity is a fantasy game and a successful crypto project at the same time. It uses NTF token technology and allows users to earn money in the game. The game is still in early access but has already become one of the most successful NTF platforms created on the Ethereum platform. The internal coin of the AXS network is the control token of the Axie universe.
Basic information about Axie Infinity (AXS)
Axie Infinity is a blockchain-based game inspired by Pokemon GO. In the virtual world of Axie Infinity, users can interact with each other and earn AXS. Animated Axie characters fight, build their kingdoms, and can cryptocurrency exchange online items – exclusive NTF tokens.
The project was launched in 2018 by a group of Vietnamese developers based on Ethereum smart contracts. Today, Axie Infinity is among the top 50 cryptocurrencies, according to CoinMarketCap, with a capitalization of more than $2 billion.
How to Buy Axie Infinity (AXS) on Binance
The Binance exchange offers an easy way to buy AXS to eth.
- Create an account on the Binance exchange.
- Hover your mouse over the “Buy Cryptocurrency” section and select Ethereum in the drop-down window.
- Under “Receive,” select AXS cryptocurrency, and then enter the amount of purchase. At the bottom of the form, the exchange rate will be displayed.
- Verify the information and then click “Confirm.”
- Go through verification. Documentary verification of information is not required.
- Enter your card information and make the payment.
The minimum purchase amount in the section is 15 USD, and the maximum amount after verification is 300 USD. You can increase the maximum limit by additional verification.
Step-by-step instructions for buying Axie Infinity (AXS)
Axie Infinity cryptocurrency is listed on many exchanges. AXS can be bought for fiat money or popular cryptocurrencies. The cryptocurrency exchange Binance accounts for the largest volume of AXS trading. High liquidity of pairs with AXS is offered by Huobi exchange. Buying AXS also gives access to KuCoin and OKEx. The purchasing process on all platforms is similar.
Step 1: account creation
First of all, you will need to register on the exchange. Usually, new users are first asked to fill in a small form with the basic information and then activate the account.
Step 2: Verify your account
If you plan to trade in fiat currency, you will need to verify your account by submitting some basic information about yourself and uploading copies of your documents.
Step 3: Fund your account
Next, you need to deposit funds into your account. You will have to make an online payment.
Step 4: Fill in the purchase form and pay
You can buy Axie Infinity (AXS) only in the spot trading section by placing an order. To do so, you will need to:
- Open the spot trading section of the exchange.
- Use the search bar to find a trading pair with AXS and click on it. The exchange will open detailed information about the pair and the quotation change chart.
- Find the purchase form on the page and specify the order type and the number of coins to be purchased.
- Market price orders will close instantly, after which the coins will be immediately credited to your account. All other order types will be closed on a counter request.
Why Buy Axie Infinity (AXS)
The project is currently in an active growth stage and has not yet unlocked its potential. In the future, the developers plan to launch AXS Stacking and allow AXS holders to manage the platform. These changes and an increase in the number of users will have a positive effect on the coin’s value.
When is the best time to buy Axie Infinity (AXS)?
The developers of AXS have prevented inflation by initially releasing only 22.22% of the coin’s total circulation to the market. The cryptocurrency will be released into free circulation gradually. A maximum issue of 270 million AXS will be released to the market in 2026. In addition to the available number of coins, the coin’s value is also influenced by the number of users, updates to the project, and market factors.
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