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How to Buy Axie Infinity (AXS) - a Beginner’s Guide

Axie Infinity (AXS)
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Axie Infinity is a blockchain-based, play-to-earn game that has proved extremely popular with people keen to earn an income from gaming. In certain countries where there are high numbers of people working in low-income jobs, such as the Philippines, some Axie Infinity gamers have found the platform profitable enough to quit their day jobs and play full-time in the Axie Infinity metaverse.

This guide takes a closer look at this trending project covering how the game and its ecosystem work, plus how you can easily buy Axie Infinity, even if you’re not a player.

3 Quick Steps to Buy Axie Infinity (AXS)

1. Create an account with a good exchange

Open an account with any of the recommended cryptocurrency exchanges listed on this page. As AXS is the most popular play-to-earn cryptocurrency available, using a centralised exchange or broker with low fees is the best way to get it. You’ll have to register and provide some personal details. Once you’ve done this and your account has been approved, you’ll be able to access all of the exchange’s features and services.

2. Fund your account

Now you're set up, you’re ready to buy Axie Infinity tokens. First, you'll need to transfer some money into your account. Navigate to the 'Deposits' section of the exchange or broker then use your preferred method of payment. This will most likely be a debit or credit card, but you can also fund your account with a bank transfer, though this can take a bit longer.

3. Buy Axie Infinity (AXS)

Next, search for AXS on the exchange. Here you’ll see the token paired with other cryptocurrencies such as BTC, ETH, USDT, and occasionally a fiat currency such as USD. It’s important to remember that whichever pair you buy, the first is the base currency and the second is the quote currency. If you buy AXS/USDT, for example, AXS is the base currency and when you sell it, the base currency will be converted into the quote currency—in this case, the stablecoin USDT.

Where to buy Axie Infinity (AXS)?

Due to its immense popularity, AXS is available on most centralised exchanges. The platforms listed below are the ones we recommend. Aside from having AXS available to buy, some of the platforms allow you to stake your AXS to earn a yield.  

1
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$200
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10
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eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. eToro offers over 60+ Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Borneo Exchanger, Bradesco, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China UnionPay, ClickandBuy, Contact, Contact Z, Credit Card, Cryptocurrencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, Mailing Cash, Masari, Mastercard, MegaTransfer, Mister Cash, Moneta, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, WebMoney, WebPay, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:
ASIC, CySEC, FCA
Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. CFD crypto trading is unavailable for clients residing in the UK and US.
2
Min. Deposit
$0
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User Score
9.3
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Description:
World's longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.
Payment Methods
Full regulations list:
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Min. Deposit
$1
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User Score
8.7
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Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:

Payment methods you can use to buy Axie Infinity (AXS)

As you’ve seen, GMT can be bought on a number of different cryptocurrency exchanges but there are also a number of different ways to fund your account. 

  1. PayPal: PayPal is a convenient way to send and receive money and buy things online. To buy crypto, ensure your bank is linked to your PayPal account. You should then be able to buy crypto using it. But remember, some banks may block your transactions, so if you have any problems, get in touch with them or open a crypto-friendly bank account.

  2. Bank transfer: Deposits can be made in any major currency by bank transfer, which is available at the majority of exchanges. This could several days to complete and you should let your bank know you are making a transfer to a crypto exchange and get them to whitelist the exchange, otherwise your payment might get rejected.

  3. Debit card or Credit Card: This is the quickest and most popular method of payment for buying crypto. Always investigate the fees before using your credit card, though, as the these can get pretty steep. 

  4. Crypto: If you have some Bitcoin or Ethereum ready to use, you can swap or convert it to AXS. This is relatively straightforward. Just find the conversion or swapping tool on the exchange and turn as much of your holdings as you want into AXS. 

  5. Peer to Peer: On many exchanges, you can also buy directly from another person who has the tokens you want and is ready to sell them. This is slightly more complicated, but once you get used to it, it’s often the best way of securing a good rate. 

Buying vs. Trading Axie Infinity (AXS)

When you buy Axie Infinity is ultimately down to you and will depend on your trading or investment goals. If you want to be a part of the Axie Infinity community and need tokens to stake and have governance rights on the platform, timing a buy to make a quick profit might not be your first consideration. But if you want to buy Axie Infinity on an exchange in the belief that the price will appreciate, timing is critical. 

Pinpointing the highs and lows of cryptocurrency cycles is notoriously difficult. Ideally, you want to buy your AXS when the market has retraced, or fallen a bit. This increases your chances of getting the coins at a discount before the price hopefully starts heading up again.

If this sounds too complicated, one of the most popular ways of buying Axie Infinity is with what’s called 'dollar cost averaging'. What this means is buying coins at regular intervals regardless of the price. Practised by seasoned investors, this is the best way to reduce the impact of volatility on your holdings.

What Makes Axie Infinity (AXS) a good investment?

Built on the Ethereum blockchain, Axie Infinity is an exciting and addictive game that also gives players the opportunity to make money. By buying, earning and staking AXS, players can earn further AXS and also have a say—known as governance rights—in the future development of the game. 

To play the game, players must have a cryptocurrency wallet where they can store and stake their tokens and any NFTs they buy or earn within the game. Every transaction is immutably stored on Ethereum’s public ledger meaning there can be no confusion as to who owns what in the Axie Infinity metaverse.

Should I invest in Axie Infinity (AXS) now?

For long term investors who want to get in on the ground floor of a growing blockchain gaming sector, Axie Infinity is the leading play to earn game. As with most cryptos, though, volatility is the name of the game and for experienced traders and speculators, AXS has made some of the most impressive moves—and achieved some of the headiest gains—of any crypto you could think of.

For gamers who both want to enjoy playing the game and earning AXS and SLP at the same time, or are keen to invest in the in-game NFTs with hopes of making a profit later, there are few play to earn games with the pedigree and track record of Axie Infinity. That said, it’s harder to make decent money playing Axie Infinity than it was when the game was in its relative infancy. 

So, if you are a gamer looking for a moon-shot play to earn opportunity, you’re probably a little late to achieve your goals this way—unless you have plenty of AXS already to kick start your Axie Infinity career. That said, it’s worth exploring the metaverse to see if it’s for you, and if you like it and have time on your hands, it’s probably well worth having a go. 

What other features does Axie Infinity have?

Every monster - or ‘Axie’ - in the game is an NFT that can be bought, sold, or even loaned to other players. Along with a wallet, you’ll have to deposit Ethereum into your account and buy three monsters to get started.

Once you’ve bought your monsters, you can send them into battle as a group or individually, create new monsters, or simply raise the ones you have. The more you play and advance through the game, the more AXS you can earn. 

It's worth noting that there is also another cryptocurrency linked to the game called Smooth Love Potion. This is earned through playing and used to breed digital pets which can be sold on the Axie Infinity marketplace. 

Like AXS, SLP is openly traded on cryptocurrency exchanges but has a much lower price due to different tokenomics; while there is a finite amount of AXS available, SLP is uncapped in its supply and is therefore much more inflationary. If you decide to buy SLP on an exchange, this is something you should be aware of as, in the longer term, inflation puts downward pressure on price. 

Will Axie Infinity (AXS) Make Me Money?

Many gamers who started playing Axie Infinity early have benefitted from playing Axie Infinity. As with many things in crypto, the best profits are made by getting in before the crowds start to see what is happening. 

To play Axie Infinity successfully, new entrants need to make an investment in the NFTs they will use to play the game. This upfront cost may put off those who aren’t committed to playing the game full-time. While it is still possible to earn money in AXS, the returns are lower than they were in the beginning. 

Many people choose to speculate on the price of AXS, buying the token low and selling it high. While this can be profitable, a good knowledge of the markets and trading using charts and analytics tools is required. Learning these skills takes time, but once mastered can lead to making money. How much money is dependent on your knowledge, skill level, whether you plan to use leverage and how much initial capital you have to invest.

Where to store AXS

If you’ve bought a stash of AXS and don’t plan on selling it anytime soon, you could leave it on the exchange. This is probably only worth doing if you plan on staking your tokens to earn a yield. If not, you’re better off—and safer—storing your coins in a non-custodial wallet, such as Metamask, or a hardware wallet. A crypto wallet is like a banking app that protects your money behind a password.

Below is a table of the best wallets available today:

1
Min. Deposit
-
Promotion
User Score
10
The worlds most popular hardware wallet
Buy, Manage and Secure your crypto in one place
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Full Regulations:
2
Min. Deposit
-
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User Score
9.3
Go offline and hold your coins
1000+ coins supported
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Payment Methods:
Bitcoin, Credit Card
Full Regulations:

Still undecided? Check out our Axie Infinity Pros and Cons

Pros 

  • AXS is part of a thriving gaming community that keeps getting more popular

  • It offers a unique way to earn cryptocurrency

  • The more people that play the game, the more demand there is for the coin

  • Owning AXS coins gives you the opportunity to shape the game’s direction

Cons

  • The coin is still relatively new and we don’t know if the hype will last

  • Gaming is competitive and Axie’s success could drive more challengers into the space

  • As more people start to play Axie Infinity, the returns from playing the game are diminishing for new entrants

  • Trading AXS on exchanges carries risks and you could lose money

Axie Infinity (AXS) quick round up

Axie Infinity creates a whole new gaming experience based on a ‘play to earn’ model. Although it comes with a high upfront cost, it offers players the chance to earn money depending on how good they are and how much they play the game. It also has its own NFT marketplace where creators can design their own characters and sell them to other players for real money.

The immediate prospects look good, and Axie’s popularity is demonstrated by how much some of those characters have sold for. They regularly sell for hundreds of thousands of dollars, while recent additions to the game include the ability to buy and sell land as NFTs as well. On this note, in February 2021 a piece of (virtual) land in the Axie Infinity metaverse sold for a staggering $1.5m.

Frequently Asked Questions

  1. Play to earn games are games where you perform tasks to earn cryptocurrency. These rewards have value both in the game and outside of it. Any crypto you earn, so long as it is listed on an exchange like eToro or Binance, can be swapped for other cryptocurrencies or fiat currencies such as USD. Rewards can also take the form of NFTs. In play to earn games, NFTs can be bought, sold or traded for other in-game items of value.

  2. You can make money in a variety of ways playing Axie Infinity. The first is earning Smooth Love Potion (SLP) tokens simply by playing. The second is by flipping Axies for profit. The third is by breeding Axies, and the fourth is by lending Axies to other gamers called ‘scholars’ to play with to earn passive income on a revenue split. Note: flipping and breeding Axies are advanced ways of making money in Axie Infinity and while they can be lucrative these process require investment and in-depth knowledge of the game and its mechanics.

  3. How much you make playing Axie Infinity depends on your strategy and how much you initially invest, how much time to spend playing, and the market price of the tokens. The last point is particularly important; if the price of AXS or SLP halves in a downturn, so will your holdings. This is why it’s a good idea to trade out some of your winnings when prices are relatively high.

  4. MMR stands for Match Making Ranking. This is your skill level and your characters will be matched with other players that have the same or a similar skill level to you. This affects how much SLP you can earn in the game. The higher the MMR, the more SLP you can earn.

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