Want to buy Axie Infinity coin (AXS)? Or find out more about this GameFi crypto? You are not alone in being curious about crypto investing. Canny crypto investors, of course, balance their investments with low-risk assets like stocks and ETFs. But the big question is: which crypto of the 9,000+ available should you go for?

Below we weigh up AXS, which is the native crypto for the Play-2-Earn game Axie Infinity. We look at AXS price performance and assess its strengths as an investable asset. We look at where to buy Axie Infinity crypto by reviewing 4 reputable vendors. Which one offers the most reassuring level of governmental regulation and zero commission on crypto trades in one package? Find out below.

Did you know that Axie Infinity is also considered one of the best Metaverse coins to invest in right now?

Where to Buy Axie Infinity Coin

Below we tackle the question of where to buy Axie Infinity crypto with a review of top broker eToro and three of the best crypto exchanges:

1. eToro – Best Broker to Buy Axie Infinity Coin with tight spreads

With over 27 million users, global broker eToro is definitely doing something right. eToro’s credentials as a great place to buy Axie Infinity coin begin with its regulation. This popular social trading platform is regulated by FCA, ASIC, and CySEC. It also complies with all SEC and FINRA regulations in the US. This level of regulation is reassuring to all investors, whether beginners or experts. What’s more, none of the other vendors we review below can match it.

With eToro, you can invest in Axie Infinity (AXS) with as little as $10. As with most broker and exchange accounts, eToro runs on USD. There are no conversion fees when you deposit with USD currency. No deposit fee otherwise is charged by eToro. This compares well to other vendors like Coinbase, for example, which charges 3.99% on credit card crypto purchases. A real bonus with eToro is that you can deposit funds via PayPal (which Coinbase does not permit). With eToro, you can also use bank transfer, credit/debit card and other payment providers. Deposit tends to be immediate; withdrawal often takes a few days (but, again, this is not unusual for a broker/exchange).

No commission fee applies when buying crypto with eToro, but you will have to factor in a spread fee. Spread fees are how all crypto vendors make their money, and describe the difference between the price you can buy at and the price you can sell at. eToro’s spread fee for AXS is a tight 2.8%. 120,000 investors follow Axie Infinity coin on eToro.

Consider supplementing your Axie Infinity purchase with other crypto. It is better to spread your risk (and, of course, ensure that crypto makes up no more than 5% of your total investment portfolio). eToro offers 70+ cryptos meaning you can buy Bitcoin, Ethereum, all the other best altcoins to invest in, and a range of key meme coins including Shiba Inu and Dogecoin.

eToro really comes into its own with its social trading options. Social trading means you don’t have to go it alone. So it is ideal for beginners. But it works for all levels of experience. As well as a shared newsfeed packed with tips and opinions, eToro provides two powerful social trading tools: CopyTrader and crypto Smart Portfolios. Both are free.

With CopyTrader, you can let more experienced traders take the tough trading decisions for you. Browse 600+ crypto traders. Review their performance stats. Choose one (or many) who you like the look of. Allocate some funds, and the CopyTrader software will match your chosen traders’ activity in real-time using your allocation. You can stop copying at any time.

Eight crypto Smart Portfolios are available. These are different to CopyTrader, with the same idea: to benefit from expert experience. The invitation is to invest a minimum of $500 in a strategic crypto position laid out by eToro experts. Each Smart Portfolio is based on a different principle or theme, such as the Napoleon X which uses AI learning to invest in 5 major crypto and the DeFi portfolio, which invests in DeFi coins.

Other freebies from eToro include its smartphone crypto trading app, which is the most popular trading app. Also free is the eToro Money crypto wallet, which allows you to send, receive and exchange major crypto. Keep an eye on Axie Infinity coin and other investments using the free eToro watchlist.

eToro’s leading presence as a global broker since 2006 shows up clearly in the slick feel to the site and the attention to detail. Beginners to the crypto world should feel particularly welcome.

2. Crypto.com – Reputable Crypto Exchange with Beginner-Friendly Mobile App

Beginners to crypto would do well to stick with eToro. But the more adventurous might want to check out crypto exchange Crypto.com. This is one of the top ten crypto exchanges globally by trading volume. Crypto.com offers a low 0.4% maker/taker fee on crypto transactions as well as a range of powerful crypto trading tools. You can buy Axie Infinity coin (AXS) using other crypto or credit card. As such you’ll find that Crypto.com supports over 250 cryptocurrencies, meaning you can buy XRP, Ethereum and more all in one place.

Available with Crypto.com are advanced trading orders, crypto loans, a crypto debit card that allows you to spend your crypto as if it were USD and crypto staking without a lock-in period. Crypto.com also provides a free wallet app which comes with private keys as well as biometric authentication.

If you want the simple life, you can opt to simply buy cryptocurrency instantly with a credit card using Crypto.com’s free smartphone app. No fees apply for the first 30 days. Thereafter, each card purchase accrues a 2.99% fee. A downside to Crypto.com – especially for the beginner – is that you cannot use fiat currency like USD to buy crypto on the main site. You must trade crypto pairs, using stablecoins Tether (USDT) and USD Coin (USDC), market-leader Bitcoin (BTC) or Crypto.com’s native crypto CRO.

With arrays of impressive tools and a technical-looking interface, Crypto.com could well be a little intimidating for the crypto newbie. In terms of account and fund security: 100% of client crypto is held in ‘cold’ (i.e. offline) storage via partners Ledger (a big name in crypto wallet security). The exchange too holds a $750m insurance fund ready to reimburse any hacked investors.

3. Coinbase – Popular Cryptocurrency Exchange with Huge Asset Portfolio

Like Crypto.com, Coinbase is a major crypto exchange. In fact, Coinbase was the first exchange to go public on the stock markets with a NASDAQ IPO in 2021. (You can actually trade in Coinbase stock (COIN) on eToro). With a high international profile, Coinbase has attracted 73m verified users; so, if you use this exchange to buy Axie Infinity coin, you will certainly not be alone.

Coinbase is regulated in numerous US states. Should we be concerned about security, then? No. That’s because Coinbase is famous for using cold storage to keep 98% of client funds — ‘geographically in safe deposit boxes and vaults around the world.’

Coinbase differs from eToro in another important way. Rather than offering zero commission on crypto trades, Coinbase uses a two-tier fee system involving both commissions and flat fees. This can get confusing, not to mention expensive. The good news is that Coinbase pledged in 2021 that a revamp of this fee system is on the way.

Whereas brokers like Crypto.com and Binance (reviewed) below are set up for more experienced traders, Coinbase is firmly in the beginners’ camp. The system for getting signed up and buying crypto is as simple as it is with eToro: you sign up, get verified, deposit your fiat currency, pick a crypto and buy it. Or buy direct with credit card. Then Coinbase will hold your Axie Infinity crypto for you or you can transfer it to your free Coinbase wallet.

Coinbase comes into its own when it comes to education. You can earn free crypto for completing learning modules about crypto (which are very well presented). With its giant listings database, Coinbase is definitely the place to come to learn about what new crypto is out there too.

4. Binance – Leading Exchange to Buy AXS with Credit Card

The third of our crypto exchanges under review, Binance is the world’s biggest crypto exchange by volume. According to leading crypto analysts Coinmarketcap.com, a whopping $12bn of crypto business is done every day with Binance. This kind of scale means that fees are super-low (0.1% commission on crypto trades), but the sheer number of trading options can be intimidating to the newbie crypto investor. So, first up, if you want to make things easy on yourself, opt for the ‘classic’ view on the desktop version, or ‘Binance Lite’ on the smartphone app.

Binance is certainly all about choice. How to buy Axie Infinity coin? Explore your options: with Binance, you can buy crypto by i) using credit card ii) depositing USD in your account and using those funds, iii) exchanging crypto for other crypto or iv) trading direct with other investors with P2P trading. Particularly useful for beginners is the range of crypto financing options on offer, centred around ‘Binance Earn’. There are numerous ways to save your crypto as well as stake it for rewards.

Moreover,  you can buy Binance Coin, the utility token and receive discounts when you use BNB to pay for trading fees. For example, you could potentially save 25% on Margin and Spot trading fees as well as 10% on Futures trading fees.

Unlike eToro, there is no social trading. So you can’t ask around for help. There is 24/7 phone help support though. And the Binance help articles are professionally done. Binance keeps a fund going (like Crypto.com) called SAFU which aims to reimburse investors in the unlikely event of a successful hack into the exchange. As with eToro, also available are a free smartphone app (4.7/5 from 96k reviews on the App Store; 4.3/5 from 570k reviews on Google Play) and a free crypto wallet.

What is Axie Infinity?

Axie Infinity crypto (AXS) is an Ethereum token with a market capitalisation of £2.8bn. An average of over £300m of AXS is traded every day (according to Coinmarketcap.com). AXS is the in-game crypto for a computer game called Axie Infinity.

Axie Infinity is a play-to-earn (P2E) game. What is play-to-earn? P2E means players complete tasks in a game to earn in-game crypto. They can then use this crypto to buy in-game NFT products that make the game easier – or trade their crypto via brokers and exchanges in the real-world for real money. At the height of its 2021 popularity, Axie hosted the most valuable collection of NFTs on the planet.

With Axie Infinity, the idea of the game is to breed and train ‘Axies’ (monsters) and use them to win crypto by defeating the Axies of other players. Axie Infinity involves two crypto:

1. Smooth Love Potion (SLP). Players obtain SLP by completing mini-quests and winning arena matches. There is an infinite amount of SLP floating around. And players tend to spend it freely.
2. Axie Infinity Shards (AXS). Players obtain AXS when their avatars defeat other avatars. There is a fixed supply (270m) of AXS. It can be traded for fiat currency. It is also the governance token of the game. Holders of AXS can take part in votes regarding the development of the game as well as staking their AXS for rewards.

The idea of investing in AXS is to benefit from interest in the game. You don’t have to play it yourself!

But the one drawback to Axie Infinity from a player’s point of view is that the model is really ‘pay-to-play-to-earn’ – rather than simply ‘play-to-earn.’ To get started with the game, you have to spend a few hundred dollars at least. To breed from an Axie costs 4 AXS – which at today’s price works out as USD $240. That does not, though, seem to put off the 110,000+ Axie players who are online right now. Axie has roughly 2m daily players according to Sky Mavis, its Vietnamese production company.

Is Axie Infinity a Good Investment?

Get In On The Play-2-Earn Model

At the heart of P2E games is a cunning cycle of reward for the player. The more in-game crypto they have, the better they can perform in the game and the more in-game crypto they can then win! The fact that this crypto can then be changed for fiat currency in the real-world makes these games highly addictive.

Unlike a meme coin with no real function, Axie Infinity coin is grounded in a decent business model. The risk with GameFi crypto is that the game in question fades in popularity. But AXS was one of the first GameFi crypto to emerge in 2021, and one of the fastest growing cryptocurrency assets of that year.

Sound Tokenomics

The supply of AXS is capped at 270m. Currently only 61m are in circulation. That’s 23% of the total supply. This means that the game has plenty of time to develop, and also that the AXS token will not depreciate in value because of over-supply. Some critics of Axie point out though that, if the number of new players joining drops off, it is likely that the value of AXS will fall off too.

Follow Seasoned Investors

US billionaire Mark Cuban as well as Reddit co-founder Alexis Ohanian are two high-profile investors who have backed Sky Mavis, the Vietnamese company responsible for Axie Infinity.

A Game Taken Very Seriously

40% of Axie players are based in the Philippines. There in particular and elsewhere around the world, many players engage with the game simply in order to put food on the table in the real world. An estimated 1 in 700 Axie players use the game as their main form of real-world employment.

Developer Investment

Sky Mavis continues to invest in Axie. A new development for 2022 is support for other developers who want to build add-ons for the game. The producers have set aside 5000 AXS (roughly $400k) to give away as grants to support the right projects. Other developers must build around the dynamics of the existing game as well as burn 10% of the tokens produced.

Axie Infinity Price

Axie Infinity Shards (AXS) rose 166,000% in 2021, one of the most explosive bull cycles of any altcoin.

That kind of bull run will eventually result in a correction, and the price of one AXS coin is currently now around the $30 mark, an 85% retrace. That’s not uncommon in the crypto markets.

One way to guard against price corrections is to earn crypto interest (an annual percentage yield, or APY), and some platforms do support earning interest on Axie Infinity.

Axie Infinity Price Prediction

Some analysts see the beginning of 2022 as being a bumpy ride for all crypto. AXS is not likely to see significant price increase until the stock markets in general pull out of their current bearish drift. But who can say for certain? No analyst predicted the January crypto slump, which came about as a result of institutional money being withdrawn from crypto in the face of the US Treasury announcing interest rate increases and a tightening of the money supply. With a current price around $30 per coin, Axie Infinity could well double its value by the end of 2023.

Update – AXS coin dropped to around the $12-$15 region when Bitcoin also corrected to the $20,000 area. Its current 2022 low was $11.85 on Binance in June. See our updated Axie Infinity price prediction article.

Ways of Buying Axie Infinity

Buy Axie Infinity with PayPal

Broker eToro allows you to buy Axie Infinity with PayPal. This is not a direct process, but it is certainly quick. You just deposit funds into your account using PayPal. And then use those funds to buy AXS. PayPal generally crops up amongst exchanges as a means of payment, but it is by no means universal.

Buy Axie Infinity with credit card or debit card

With exchanges Binance and Coinbase you can buy AXS direct with credit card. But watch out for commission fees. With eToro, you can use credit card to deposit funds into your account and then buy AXS; it doesn’t take much longer at all, and there are no credit card commission fees other than currency conversion.

Best Axie Infinity Wallet

Crypto wallets – heard of them? They are actually software packages. ‘Cold’ wallets are wallets that are rarely connected to the internet, whereas ‘hot’ wallets are always connected to the internet. Many hot wallets work like an online bank account. You can store crypto in your wallet (as you would store cash in a bank account). You get an address on the blockchain and use it to send, receive and exchange crypto. With the best wallets – like eToro’s Money crypto wallet – you get an unlosable key and mostly don’t get charged for moving crypto about (although network ‘gas’ fees often apply).

Axie Infinity is an Ethereum (ERC-20) token. This means that many Ethereum-compatible wallets will allow you to hold it. 

How to Buy Axie Infinity Crypto – Tutorial

Below is a step by step guide on how to buy Axie Infinity Shards (AXS) tokens.

1. Sign up with eToro

Head to eToro.com. Use Facebook or Google to sign up, or fill in a few details.

2. Verify your ID with eToro

Supply scans of Proof of Identity and Proof of Address. For quickest verification, provide a scan of your valid passport.

3. Deposit Funds with eToro

15 currencies are accepted by eToro. You can deposit using PayPal, credit/debit card, bank transfer or any of a range of payment providers. There are also no deposit fees to worry about.

4. Buy Axie Infinity Coin with eToro in Seconds

First, find AXS on eToro. Enter ‘AXS’ in eToro’s top toolbar (as shown below):

Press the AXS logo in the pull-down to access the AXS homepage. Here you can see newsfeed pieces about AXS as well as review data and powerful charting options. Press the blue ‘Trade’ button to move onto finalising your trade. This brings up this box below.

Simply enter how much money you want to spend. Then press ‘Open Trade’. Usually your trade will be executed immediately. Sometimes it takes a few seconds, but your buying price is locked in to the moment you pressed ‘Open Trade’ (so you need not worry about losing a price opportunity). You will receive onscreen notification when your trade is complete. Then you can review your newly-bought AXS in your eToro portfolio.

How to Sell Axie Infinity

With eToro you can sell Axie Infinity very easily. Head to your portfolio. On the horizontal line where your AXS is listed, press the red cross . You can then choose to sell all of your AXS or a part of it. The trade will be made immediately. Your fiat balance will also be updated immediately.

Conclusion

We recommend the leading crypto broker eToro as the best place to buy Axie Infinity coin in 2022. Of the vendors we have reviewed, it is the only one to offer stringent regulation from several financial authorities. This really matters because it means investors can be sure that the company is being run properly.

eToro’s range of crypto in general is robust and we particularly like the social trading tools – CopyTrader and crypto portfolios. It is a lot easier for beginners to trade successfully with active support and particularly support that can be switched on and off.

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