Avalanche AVAX

On 2024-11-23 the current Avalanche price/exchange rate is 41.5417 EUR.

Avalanche (AVAX) is an open-source blockchain platform used to develop decentralized applications (Dapps), and new blockchain networks.

Avalanche aims to become an eco-friendly blockchain platform that will enable fast transactions and low fees.

Avalanche is considered one of Ethereum’s biggest rivals. 

This is because the Avalanche network can process around 6500 transactions per second without sacrificing scalability.

The reason for the high transaction speed lies in the Avalanche's unique architecture.

Avalanche consists of three separate blockchains:

The Avalanche network has a native AVAX token.

At the time of writing this text, there are approximately 365 million AVAX coins in circulation. 

The maximum supply of AVAX coins is capped at 720,000,000.

Avalanche is a blockchain project designed to serve financial markets. 

It has native support for easily creating and trading digital smart assets with complex custom rule sets that define how the asset is handled and traded to ensure regulatory compliance.

Every company can effortlessly create its own blockchain (using Avalanche) as a base.

Also, with Avalanche companies or individuals can easily create their own tokens and services.

Unline Ethereum, creating a smart contract on Avalanche costs one-tenth of the amount of the transaction done on the Ethereum network.

Avalanche is a deflationary blockchain. 

AVAX tokens used to pay transaction fees are burned from the supply, permanently lowering the amount of AVAX in circulation.

Avalanche is a Proof-of-Stake (POS) blockchain. 

This means that AVAX coins can’t be mined. 

Instead, validators verify transactions according to how many coins they hold.

Ava Labs is the company that founded Avalanche. 

Ava Labs was founded by Emin Gün Sirer, a professor at Cornell University in the United States, Kevin Sekniqi, and Maofan “Ted” Yin.

On the Bitcoin Store platform, you can easily buy Avalanche and more than 170 cryptocurrencies at the real-time exchange rate with the lowest fees.

First, you need to create and verify your account on the Bitcoin Store cryptocurrency trading platform to get full access.

After successful verification, you can deposit (EUR) to your Bitcoin Store Wallet.

Supported payment methods for deposit are:

Once we receive your payment, funds to purchase cryptocurrencies will be available on your Bitcoin Store Wallet, and you can start purchasing cryptocurrencies.

On the Bitcoin Store platform, you can easily sell more than 170 cryptocurrencies from our offer at the current exchange rate.

You can instantly sell cryptocurrencies that are stored on your Bitcoin Store Wallet.

Cryptocurrency stored on personal wallets such as Exodus, Trust Wallet, Ledger, Treasury, etc., or various trading platforms and must be transferred to your Bitcoin Store Wallet before selling.

Once the transfer is successful, you can sell your cryptocurrency. 

You can withdraw the funds directly to your bank account or keep them on your Bitcoin Store Wallet and use them for future cryptocurrency purchases.

You can buy and sell cryptocurrencies for cash in Bitcoin Store exchange offices in Zagreb, Rijeka, Osijek, and Split.

Verifying your identity via ID card is not required for all transactions up to 1000,00 EUR.

You can deposit cash directly to your Bitcoin Store account in the exchange office. 

The deposit amount will be visible immediately and ready for your next cryptocurrency purchase.

You can store Avalanche in your digital wallet. 

When it comes to cryptocurrencies, digital wallets can be divided into 2 groups - Hot Wallets and Cold Wallets.

Hot wallets include:

Cold Wallets include:

You can also store AVAX on your own Bitcoin Store Wallet. 

The access and storage of cryptocurrency are free for all users who register on the Bitcoin Store Platform.

On Bitcoin Store Wallet you can: