With the rise of the metaverse, NFTs and play to earn games, there is one stand out coin that has seen exponential growth in the past year. Axie Infinity (AXS) is a play to earn game where users can buy and breed unique creatures called axis, which are minted as NFTs on the Ethereum blockchain. Players of the game can earn tokens as they play and battle their axies with other players. One year, the AXS token was priced at around $1.20. Now, it hovers around $67. Axie Infinity is a popular investment for Canadians and the Axie Infinity coin continues to grow as the metaverse develops.
How to Buy Axie Infinity in Canada?
You can buy Axie Infinity in Canada easily by signing up to a crypto exchange accredited in Canada and depositing Canadian dollars. There are many places to buy Axie Infinity coin, since it has become a popular investment.
Where to Buy Axie Infinity in Canada?
In this article, we have chosen some of the best crypto exchanges where you can buy AXS based on ease of use, reputation and cost.
Newton is a Canadian crypto exchange that has a beginner-friendly platform. It is easy to buy Axie Infinity with Newton, since the website is catered to beginners. It has a more advanced platform in the works for those who would like more advanced order types and trading tools. Newton is a “no-fee” crypto exchange meaning all deposits and withdrawals are free and network fees are covered up to a certain amount. Newton does, however, have higher spreads than most exchanges, so if you use Newton to buy AXS, you will pay higher trading fees than if you used some other exchanges.
Binance and KuCoin
No article would be complete without mentioning Binance since it is the largest crypto exchange in the world in terms of trading volume. Binance has hundreds of altcoins available including Axie Infinity. To buy an Axie Infinity token on Binance, you can use a third-party service such as Banxa to deposit money, or use a debit or credit card. Keep in mind that these options will incur high fees. You could, however, transfer another crypto for free and swap it for an Axie Infinity token. Binance has some of the lowest trading fees around and if you hold Binance Coin (BNB) you can get even lower fees.
KuCoin also offers hundreds of cryptocurrencies, making it a suitable choice to buy Axie Infinity in Canada. With KuCoin you cannot buy Axie Infinity with Canadian dollars. Instead, you will need to purchase another crypto such as USDT and trade AXS. We recommend buying USDT elsewhere and sending it to KuCoin to purchase AXS. Binance and KuCoin are not beginner friendly, so if it’s your first time buying crypto, we suggest using one of the other exchanges listed here to buy Axie Infinity.
If you’re looking for a simple option to buy Axie Infinity in Canada, then NDAX is a good choice. NDAX is a Canadian crypto exchange that is beginner-friendly and easy to use. You can deposit Canadian dollars via Interac e-Transfer for free and purchase AXS directly. NDAX is secure, has a good reputation, and the trading fees are low at just 0.2%. We think NDAX is one of the best crypto exchanges in Canada and a good option if you’re looking to buy Axie Infinity easily.
You can buy Axie Infinity in Canada using Virgo CX, a Canadian crypto exchange. Virgo CX offers free Interac e-Transfer deposits so you can fund your account easily. You can buy Axie Infinity coins directly. The Virgo CX platform might look a little daunting for beginners, but it is simple to use and not as confusing as some other exchanges. It is suitable for an intermediate trader and you can buy Axie Infinity with a market order or limit order. Virgo CX is fully regulated in Canada so you can buy AXS with confidence.
Wealthsiple Crypto is a Canadian brokerage that offers stocks, bitcoin ETFs and crypto. Wealthsimple is easy to use, with its Trade app having a clean, beginner-friendly interface. It is easy to switch between your different accounts such as your TFSA, RRSP and your crypto account. You can also swap funds between accounts in a few clicks. You can use Wealthsimple Crypto to buy AXS easily. Though you currently cannot transfer your Axie Infinity out of Wealthsimple yet, the Wealthsimple platform is great for anybody who wants to keep all of their investments in one place. Welathsimple has higher trading fees than most crypto exchanges, but it’s ease of use, security, and reputation make it one of the best places to buy Axie Infinity in Canada.
One of the world’s biggest crypto exchanges is crypto.com. Not only does it offer a large amount of cryptocurrencies but it has reasonable fees, Visa cards with cashback rewards, lending and crypto staking, and a good referral program. You can deposit Canadian dollars for free and use it to buy AXS directly in the crypto.com app. The app is easy to use for beginners, and is a convenient way to buy an AXS token. While crypto.com has suffered a hack in the past, the exchange refunded everyone who lost money and acted quickly to patch the vulnerability. Crypto.com continues to grow as more and more people use cryptocurrency. We think it will continue to grow and due to its great features is one of the best places to buy an Axie Infinity coin in Canada.
How to Keep Axie Infinity (AXS) Safe and Secure in Canada?
Once you buy Axie Infinity, you’ll need to keep it safe. Generally, crypto exchanges are safe and secure, but for ultimate security, you can transfer your Axie Infinity coin to a private wallet. With a private wallet, you will have full control of your AXS token as long as you keep the private seed safe. Cold storage wallets offer the most security since they are not connected to the internet. You can find out the most suitable wallet for keeping your Axie Infinity in our previous article that reviewed the best crypto wallets in Canada.
How to Sell Axie Infinity (AXS) in Canada?
Perhaps you buy Axie Infinity, make some profit, and then you decide it’s time to sell. You can sell Axie Infinity easily on your chosen exchange. Make sure you send your Axie Infinity from your wallet to your exchange, then hit the “sell” button. Once sold, and you have your Canadian dollars in your fiat wallet on the exchange, you can click “withdraw”. Next, follow the steps to transfer the Canadian dollars to your linked bank account. It is best to use a Canadian crypto exchange to sell Axie Infinity so that you can easily connect a Canadian bank account.
Axie Infinity (AXS) FAQs
Can you buy Axie Infinity (AXS) in Canada?
Yes, you can buy AXS in Canada.
What is the best way and place to buy Axie Infinity (AXS) in Canada?
You can buy AXS using one of the crypto exchanges listed in this article. We recommend Virgo CX, Binance, Kucoin, NDAX, Newton, Wealthsimple Crypto and crypto.com.
How to trade Axie Infinity (AXS) in Canada?
You can trade AXS easily by using one of the crypto exchanges listed in this article. Go to your Axie Infinity wallet on the exchange, click “trade” and then you will be presented with a list of cryptocurrencies to trade AXS against.
Is AXS a good investment for Canadians?
With the popularity of play to earn games, NFTs and the Metaverse, Axie Infinity could continue to grow. The game is popular and as more and more people discover it and play it, the AXS token could grow in value making it a good investment for Canadians.