How to get AVAX coin? One article explains all the ways to get AVAX coin

To acquire AVAX coins, you can purchase them on exchanges, earn them through staking, provide liquidity, participate in airdrops, use Avalanche-based projects, or partake in referrals, market making, arbitrage sponsorship, trading competitions, and community events.

Oct 01, 2024 at 01:12 pm

How to Acquire AVAX Coins

1. Purchase on Cryptocurrency Exchanges:

• Centralized Exchanges: Coinbase, Binance, Kraken
• Decentralized Exchanges (DEXs): Trader Joe, Pangolin

2. Earn through Staking:

• Delegate your AVAX to validators and earn rewards for securing the network.
• Minimum staking amount: 25 AVAX

3. Participate in Liquidity Provision:

• Provide liquidity to liquidity pools on DEXs by depositing both AVAX and other supported assets.
• Earn fees from traders in exchange for providing liquidity.

4. Participate in Airdrops:

• Occasionally, projects and the Avalanche Foundation host airdrops, distributing free AVAX coins to eligible participants.

5. Earn through Avalanche Projects:

• Use Avalanche-based applications and services to earn AVAX as rewards or incentives.
• Examples: Benqi (lending platform), Wonderland (yield optimizer)

6. Referrals:

• Refer new users to exchanges or staking services to receive rewards in AVAX.

7. Market Making:

• Participate in market making activities on centralized or decentralized exchanges by providing liquidity for AVAX.

8. Sponsored Arbitrage:

• Take advantage of price discrepancies between exchanges by sponsoring arbitrageurs who execute trades that yield profits.

9. Trading Competitions:

• Participate in trading competitions hosted by exchanges or Avalanche projects to win prizes in AVAX.

10. Community Events:

• Actively contribute to the Avalanche community through forums, Discord, or social media.
• Participate in events to earn AVAX or NFTs redeemable for AVAX.