Avalanche was launched in September 2020. Emin Gün Sirer is the current CEO and founder of Ava Labs, which is the company that developed Avalanche. To understand Avalanche, you can think of it as a platform created for platforms. What that means is that Avalanche allows anybody to build decentralized applications (dApps) and to produce their own blockchains that connects to it. The goal of Avalanche is to outperform older blockchains like Ethereum, which suffer from centralization, scalability issues and slow transaction speeds. Instead, it wants to be more versatile, accessible, decentralized and secure. For this reason, many people are excited about the future of Avalanche and its native cryptocurrency AVAX.
1. Create an Account
Visit the Netcoins website and click on the sign-up button. Or download the Netcoins app from the app store for mobile. Enter your email address, create a strong password, and agree to the terms and conditions. You will receive a confirmation email, click on the link to verify your email address.
2. Fund It
Choose your preferred funding method: bank wire transfer, interac e transfer, crypto deposit, or cash deposit. Follow the prompts to transfer funds into your Netcoins account. The process is quick and incurs no fees.
3. Start Trading
Things To Consider Before Investing In AVAX
Since its inception in 2020, AVAX, the native token of the Avalanche blockchain, has rapidly ascended to become one of the leading cryptocurrencies by market capitalization. This measurement reflects the total value of all coins in circulation multiplied by the current price of a single coin, highlighting AVAX’s significant appreciation in a relatively short timeframe. Similar to other high-profile cryptocurrencies like Bitcoin and Ethereum, AVAX has demonstrated the potential for substantial financial returns, contributing to the creation of overnight millionaires. However, as with any investment, it carries risks. The volatile nature of cryptocurrency markets means that while some investors reap large gains, others may face substantial losses. Prospective AVAX investors should consider the market dynamics, the technology's adoption rates, and their own risk tolerance before committing capital.
How Much AVAX Can I Buy?
You don’t need to buy a lot of AVAX to get started! Our minimum purchase amount is 0.2 AVAX. Enabling anyone to gain exposure no matter how many dollars they have to invest.
Why Buy Avalanche?
Avalanche stands out in the crowded blockchain space for its distinctive combination of rapid transaction processing, low fees, and eco-friendly operations. It offers a unique consensus mechanism that achieves transaction finality in under two seconds, making it one of the fastest platforms in the industry. This speed is complemented by its scalability, supporting thousands of transactions per second without compromising security. Avalanche's mainnet supports multiple custom blockchains, creating a highly versatile and interoperable environment ideal for developers looking to build decentralized applications. Moreover, its energy-efficient approach ensures that the network remains sustainable, aligning with the growing demand for green technology solutions. By investing in Avalanche, you're not just buying into a cryptocurrency; you're supporting a broader movement towards a more accessible, efficient, and sustainable blockchain ecosystem.
If you want to learn more about Crypto Staking, Bitcoin or Ethereum, follow our educational blog!
Avalanche's Future
Avalanche is poised to redefine the landscape of blockchain technology with its cutting-edge platform that promises high scalability, interoperability, and rapid transaction speeds. As the native token, AVAX plays a central role in facilitating operations within the Avalanche network, including transactions, governance, and incentive structures. Looking ahead, Avalanche aims to expand its ecosystem through strategic partnerships and integration with global financial systems, positioning it as a key player in the drive towards blockchain adoption in both the private and public sectors. With ongoing development efforts focused on enhancing user experience and security, the future of Avalanche looks promising as it continues to attract developers, enterprises, and users seeking efficient and versatile blockchain solutions. The roadmap for Avalanche includes further technological advancements, community expansion, and significant contributions to the decentralized finance (DeFi) sector, all of which signal a vibrant and innovative trajectory for AVAX
FAQs
Why is KYC (Verification) required?
Netcoins Inc. is a licensed money service business under FINTRAC, and a registrant under the Provincial Securities Commissions, and adheres to the strict guidelines set by them for Money Transmitter Businesses and Securities Registrants. We are required to have a Know-Your-Client (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers.
What do I need to provide for your verification process?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business.
How can I fund my account?
Your Netcoins account can be funded with a crypto deposit, Interac e-Transfer, or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy AVAX in Canada.