With Avalanche’s continued growth, many users wonder how they can buy $AVAX and other Avalanche-based coins with their hard-earned cash.
A CEX simply is a centralized exchange in which a user can exchange coins with real-world currency (and vice versa) in real-time.
Examples include (but are not limited to):
The most well known CEX of all. Binance is widely used around the world.
If you are from the USA Binance will NOT be a viable option. Despite its popularity, Binanace in not available in the United States and many other countries as well.
- 0.1% spot trading fee
- 0.5% Instant Buy/Sell fee
- Debit card transactions add 4.5%
- KYC requried
With 8M users, and a widely growing community, Kucoin is becoming a serious CEX contender.
- Average transaction prices are between $0.99 to $2.99.
- Withdraw fees can be large, with an excess of $20.
- KYC only required for daily withdraws over 5 BTC.
Another highly chosen CEX. Secure, fast, and low fees.
- Trading fee of 0.20%
- No deposit fee
- Average withdrawal fee of around $17
- KYC required
But which is the best? A time old question. Depending on where you are from, the answers may vary. Each and every user has their own preference when it comes to CEXs.
We would personally recommend KuCoin for United States users. Its easy-to-understand design and popularity draws us in. Seen below are the two $AVAX pairs KuCoin offers.
Swapping on these exchanges is easy. There are many tutorials online for each and every exchange. Below is a simple KuCoin tutorial created by yours truly.
It is important to note you first will have to use a service like Coinbase to move your money from a bank account to KuCoin.