Buy Axie Infinity: how to buy AXS [Guide]
Published: 17 December 2021 by Andrew
Axie Infinity became a global phenomenon when it pioneered the “Play and Earn” trend with DeFi. Speculators have started buying Axie Infinity, chasing the bullish price trend, but how long will it last?
Hard to say, video games have been moving large amounts of money for years, but games that use blockchain technology have just caught the attention of the public. The success of Axie Infinity has shown that this way of playing has enormous growth potential and in this guide we will reveal why.
But now let’s see how to buy Axie Infinity:
- Register on eToro
- Deposit the amount you want to invest
- Select Axie Infinity and click “Trade”
- Decider whether to Buy or Sell the crypto
Here is a table with the main features of Axie Infinity:
|📊 Supply||Over 60 milion tokens|
|💸 Market Cap
||$ 6,2 billions|
|🖥️ Trading platforms
||eToro / ForexTB|
We have proposed CFD Brokers to buy Axie Infinity because, being regulated, they are a safe and convenient choice.
Below is a list of the best cryptocurrency platforms available on the market:
What is Axie Infinity?
Axie Infinity is a blockchain-based game developed by a Vietnamese team. It is inspired by the idea of Pokemon and Tamagotchi. In the game, each player owns their own fantastic creatures known as Axie, to take part in different activities: fighting, breeding, trading etc.
Players can not only play but also earn from games in many ways (win a battle for rewards, trade pets, sell something, etc.). Axie Infinity can be seen as one of the first projects that kicked off the “Play for Money” trend in the DeFi world.
Being based on Ethereum, Axie Infinity is aware of its limited scalability problem. Therefore, it has developed its own parallel blockchain on Ethereum, called the Ronin Network, specially designed for Axie Infinity.
The use of this gaming platform has also attracted the attention of many investors, who have seen the potential of the token associated with the game, the price of which fluctuates based on many factors, including the popularity of the game and the number of increasing number of new players who are attracted to this video game.
How to Buy Axie Infinity
At this point, the most careful speculators are wondering how to buy Axie Infinity. The investment possibilities in this cryptocurrency are varied, here are the most important:
- Play the game and try to earn Axie Infinity this way, even if it is a complex method, especially if you are not an experienced player.
- Cryptocurrency Exchanges, which are quite risky and have several limits if you want to buy Axie Infinity.
- Online brokers, which are safer and offer a series of advantages that make online trading convenient.
To decide the right broker for you, you need to evaluate the duration of your investment, the capital you have available and the style of trading.
At this point you will understand which option is best for you. Generally speaking, those who make money by playing have a great experience of games like this. Those who use exchanges are aiming for the long term, despite the risks of these websites. While those who want to trade online will find the most effective intermediaries in online brokers.
These brokers offer a number of advantages, including:
- They have a regular license
- You can Short Sell the assets
- There is no risk of cyber attacks
- They offer a Demo account to practice
Where to Buy Axie Infinity
Not all brokers are equally safe and reliable. To decide where to buy Axie Infinity, it is necessary to verify that the chosen intermediary has a regular license, preferably issued by an entity such as CONSOB or CySEC.
Safety must always be first. Better to avoid exchanges, which are not regulated, the risks are too high.
In this guide you will only find brokers with a regular license, so you can’t go wrong.
Here are the descriptions of the best online brokers to buy cryptocurrencies: eToro and ForexTB.
eToro is one of the most popular and famous online brokers in the world. It has exceeded 20 million registered users and is the financial intermediary par excellence in our country as well.
The reliability of this broker is very high and its trading platform is a model for many other intermediaries operating in the sector.
The software is really intuitive, an example of a platform that is simple to use but at the same time full of highly professional indicators and tools.
eToro allows you to buy Axie Infinity directly, as on exchanges, or to trade through CFDs, with leverage and the ability to bet both up and down.
Here is a screenshot of Axie Infinity in the eToro platform:
How do you buy Axie Infinity on eToro? Here are the 3 steps to follow:
- Register on eToro
- Access your real account by paying at least € 50 or activate the Demo account
- Select “Axie Infinity” and click on “Trade”
- Decider whether to Buy or Sell the Crypto
Trading done independently is not within everyone’s reach and there are those who prefer to be “helped” by more experienced traders. With eToro Copy Trading this help becomes a real operational support. In fact, thanks to this patent you can choose expert traders and with a click, copy all their operations on the market.
This way you will get the same returns as the investors you decide to copy (based on how much you have invested). Here are some examples:
Past performance is no guarantee of future returns.Click here and choose which trader to copy
ForexTB is one of the financial intermediaries that have been operating on international markets for the longest time and in recent years it has also spread a lot in Europe.
It operates under the control of CySEC, which granted it an authorization to operate throughout the European Union.
The range of financial instruments offered by this intermediary is truly remarkable, through CFDs you can invest in stocks, indices, forex, commodities and of course cryptocurrencies.
ForexTB always offers new cryptocurrencies and in fact also allows you to buy Axie Infinity through 2 trading platforms: The WebTrader and the MetaTrader, very different from each other but both effective.
How do you buy Axie Infinity with ForexTB? Follow these 4 steps:
- Register on ForexTB
- Log into your real account by depositing at least 100 euros
- Choose the platform you prefer
- Select “Axie Infinity” and click on Buy or Sell
How much do you earn Playing Axie Infinity
Axie Infinity is seen as a model to be followed closely in DeFi games. It is Axie Infinity that has popularized the term “Play to earn” among fans of the sector and has united players with the world of emerging cryptocurrencies.
This videogames / crypto has created a token economy that users can earn not only by trading online but also by playing. Axie Infinity even helped many unemployed people in the Philippines earn a living during the Covid 19 pandemic.
Saying how much you earn with Axie Infinity is like saying how much you earn as an influencer, it depends on the skill of the player.
Don’t expect to get rich by playing, it’s not that simple. Much easier to earn by trading the token on the markets, given its price swings.
Axie’s growth trend is truly impressive, even higher than other cryptocurrencies that have exploded recently, such as Quant, Filecoin, 1inch, Enjin, etc.
How much is 1 Axie Infinity?
AXS is the governance token of Axie Infinity. It is designed to connect all members of the Axie Infinity ecosystem.
The cost of an Axie depends on the market, on the law of supply and demand. Below you can see the trend of this cryptocurrency in 2021, with the sudden increase in price, clearly visible in the graph:
Axie Infinity: how does it work?
The game is very complex and players can participate in different activities on the Axie Infinity platform:
- Combat: Each player must have their own Axies (pets) to participate in a battle. You can choose two game modes for the battles:
Adventure mode (PvE) for casual players: players fight against monsters.
Arena (PvP) mode for experienced players: players fight against other players.
- Breeding: Like real-world pets, Axies can be bred to create new offspring. These descendants will eventually become adult Axies and are ready to join a battle. To avoid Axies inflation, each Axies can only be bred a maximum of 7 times.
- Terrain: The homeland of the Axie, called Lunacia, is divided into tokenized lots. Players can find many resources in the terrain and exploit them in various ways.
- Market: This is a decentralized market, where players can trade their valuables (Axie, land, etc.) within the game.
Axie Infinity Previsions
The last few months clearly show the short and long term trend of Axie Infinity, which has really extreme volatility:
Let’s see what the leading cryptocurrency experts on the market have made on Axie Infinity:
- Wallet Investor believes that a long-term increase in the price of Axie Infinity is likely; the price prediction for 2026 is $ 142.87. There is a decline expected in the coming years and Axie Infinity could show a bearish signal in early 2023.
- Digital Coin Price, with their technical analysis on Axie Infinity, estimate that the price of AXS could remain in an uptrend and exceed $ 167 by the end of next year.
- GOV Capital predicts that Axie Infinity will have an exciting future. It may drop marginally, but the bulls will return soon and around 2025 the expected price of Axie Infinity could rise as high as $ 210, making it a good long-term investment.
- Trading Beasts believes that the price of Axie Infinity will continue its bullish phase for a long time to come. By 2022, the price of AXS is expected to easily fluctuate between $ 160.42 and $ 170.50.
- Long Forecast estimates that the price of AXS will face some slowdown until 2022. After that the bulls may return and the price of Axie Infinity is expected to rise to $ 180.38 by 2024, at the most.
- Coin Quora, which bases its predictions on an algorithm, believes the future price of Axie Infinity is set to rise. It could reach $ 170.39 as early as the end of 2023.
- The Reddit Community is following the various projects based on Axie Infinity, which are entering the testing phase and will likely contribute to the bullish push on prices.
- CoinSkid predicts that the price of Axie Infinity could triple in five years based on ongoing developments. By 2025 it is expected to rally clearly around $ 512, showing potential long-term gain.
After the success of Axie Infinity, we have seen many new DeFi-based gaming projects, which use different blockchains. We cannot yet state that “Playing to earn” is a short or long term phenomenon, but one thing we see clearly is the growth rate of players and platforms of this kind.
A game’s adoption rate is much faster than any other idea that works with DeFi. Therefore, if blockchain-based games can actually create a “parallel” economy, we can expect very promising future development.
The online brokers that we have proposed in this guide are the ideal intermediaries for speculating in this sector, because they allow you to aim upwards or downwards depending on the market trend.
Also you can start with the Demo accounts and practice without running any risk, here are the official links:
- Access the eToro Demo account by clicking here
- Register for free on Trade.com and access the Demo account from this link
It is an online game that works on the blockchain platform and also allows you to earn.
It depends, the price swings are staggering but it is currently worth around $ 100.
YES sure, but it’s not easy, you need to be an expert player.
With eToro, a reliable broker that allows both to physically buy cryptocurrencies and to trade them with CFDs.