Best 3 centralized exchanges in Avalanche

Avalanche has been gaining traction as one of the top blockchains for its innovative design, high-speed transactions, and low fees.

As a result, the demand for exchanges that handle AVAX tokens keeps rising as more people are interested in the ecosystem. So, centralized exchanges (CEXs) play a vital role in the success of Avalanche as they simplify the process of buying, selling, and trading AVAX. This will increase liquidity and adoption.

More importantly, choosing a suitable exchange can be crucial for traders as it can impact their buying and selling decisions. Before delving into the top CEXs, let’s first understand what Avalanche is.

What is Avalanche?

Avalanche is a blockchain ecosystem that aims to replace existing chains with faster, more efficient, and more scalable ones. The network employs a consensus mechanism called Avalanche Consensus, which aims to be quick and secure.

In contrast to other consensus mechanisms, Avalanche consensus enables the network to swiftly handle many transactions by validating multiple conflicting transactions simultaneously.

Besides, Avalanche consensus outperforms Proof of Work (PoW) and Proof of Stake (PoS) in network throughput and transaction processing speed.

Moreover, several features beyond its consensus mechanism have enhanced the network’s performance and scalability. For example, it uses a sharding system to partition the network into smaller, autonomous sub-networks to process transactions.

$AVAX is the native token of Avalanche and is used to

  • Pay for transactions
  • Contributes to consensus and governance
  • Reward node owners and validators in the network

Now that we have covered Avalanche’s basics let’s move to the top CEXs in the network. These are the top 3 centralized exchanges for Avalanche:

1. Binance

Binance is the largest cryptocurrency exchange in the world and offers a broad selection of cryptocurrencies for its users. The exchange has an intuitive UI and a straightforward interface for spot, futures, and margin trading.

Moreover, Binance features a broad range of trading features through its website or smartphone app dashboards, including a fantastic selection of market charts and hundreds of cryptocurrencies.

Binance offers multiple trading pairs for AVAX with assets such as BTC, USDT, BUSD, or different fiats. The exchange has also integrated Avalanche C-Chain enabling Binance users to quickly and easily transfer and withdraw ERC-20 tokens on the network.

How to buy $AVAX on Binance?
  1. Create a Binance account and verify your identity.
  2. Fund your account with fiat.
  3. Navigate to the trading pair you want to use when buying or selling AVAX, such as AVAX/BTC or AVAX/USDT.
  4. Submit a buy order to purchase AVAX.
  5. You can transfer your AVAX to a wallet or leave it at the exchange.
2. Bitforex

Launched in 2018, BitForex is a novice-friendly crypto exchange that allows users to trade diverse cryptocurrencies. Newbie traders can access demo accounts and instructional video classes. The CEX also has frequently updated financial programs.

Additionally, it offers a social trading platform that features free automated trading and strategy replication services. Besides, the Bitforex smartphone app enables users to trade on the go and includes real-time price alerts and notifications.

What’s more, with Bitforex, you can exclusively trade via TradingView, mobile app, or MetaTrader 5 (MT5).

How to buy $AVAX on Bitforex?
  1. You must create an account on BitForex and go through the verification procedure to purchase AVAX.
  2. Add money to your account by hitting the “Deposit” button and choosing the cryptocurrency or fiat currency you want to deposit.
  3. Click on the “AVAX” trading pair to go to the AVAX trading page.
  4. Choose the order type, then enter the quantity of AVAX you’d like to purchase and the price at which you’d like to do so.
  5. After reviewing your purchase information, press the “Buy” button to confirm your order.
  6. The exchange will credit the AVAX tokens to your BitForex account, and you can then withdraw it to a wallet.

On the Bitforex platform, any user registered and successfully finished the KYC (Know Your Customer) procedure can trade cryptocurrencies, including $AVAX.

3. Coinbase

Coinbase is a leading CEX fully licensed and regulated in 40 U.S. states and territories. Initially, the platform only facilitated Bitcoin trading, but it gradually expanded its services to include other cryptocurrencies that met its decentralized criteria.

Indeed, having a license under the BitLicense program, Coinbase has become one of the widely trusted crypto exchanges. Although it has higher fees than its competitors on average, some features, such as the Learn program and the recurring crypto buying feature, impart novice traders with helpful knowledge about crypto trading.

Besides, Coinbase supports AVAX, and its users can buy, sell, and trade AVAX on the platform with the AVAX/USD trading pair. The users also have access to a safe online wallet to store cryptocurrencies like AVAX safely.

How to Buy $AVAX on Coinbase?
  1. Set up a Coinbase account and sign in.
  2. Select Buy and Sell” on the upper right-hand side of the page.
  3. Click the Buy panel and select AVAX.
  4. Input the desired purchase amount, specified either in cryptocurrency or available fiat.
  5. Choose your preferred payment method.
  6. To confirm your purchase, click on the Preview Buy button.
  7. Click “Buy to complete”.

You can store these $AVAX in a Coinbase wallet which secures the cryptocurrencies using multiple security layers.


In conclusion, centralized exchanges are essential for the success of the Avalanche ecosystem as they simplify the process of buying, selling, and trading coins, increase liquidity, and encourage widespread adoption. Binance, Bitforex, and Coinbase are three top exchanges that offer users a safe and reliable way to purchase AVAX.

  1. Binance is the most popular exchange and offers diverse trading pairs and low fees, making it an excellent option for novices and experienced traders.
  2. Bitforex offers advanced trading features and competitive fees, making it a superior choice for pro traders.
  3. Coinbase is a user-friendly exchange that offers an intuitive interface and crime insurance for its assets.

Before purchasing, it’s crucial to do your research on cryptocurrencies. Moreover, users must closely adhere to the guidelines provided by each exchange when buying or selling AVAX.

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