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FAQ

Frequently asked questions

Is Avalanche worth buying?

The market price of AVAX may be impacted by a wide range of factors, such as project news and developments, the movement of assets on exchanges, public opinion, and new economic trends in the larger crypto and global economies. AVAX is a scarce asset like Bitcoin because its maximum permitted supply of tokens is capped at 720 million. Also, AVAX is used to pay transaction fees on the network, meaning there is further demand from dApps built on Avalanche and their users. As the ecosystem develops and more users join it, this demand ought to rise. Therefore, the cost of AVAX might increase as more projects deploy on Avalanche.

What are the advantages of using SEPA/bank transfer?

Some of the greatest advantages of this payment method include: Simplified payments handling, Reduced processing costs, Reduced bank charges, Quick payments, and Easier cross-border transfers.

Who are the founders of Avalanche ?

Emin Gun Sirer is the founder of Avalanche, and the creator of the first digital currency using the proof-of-work consensus algorithm called Karma in 2003. He is a professor of computer science at Cornell University in America, and a group of researchers from this university are the central developers of the Avalanche network.

Does SEPA/bank transfer have fees and charges?

There are no fees associated with this method initially. But note that SEPA trades crypto by Euro fiat currency, so if you insist on trading with other currencies using this method might require extra fees. Also, there are zero exchange fees for your crypto-trading through our exchange.

How does Avalanche control the total amount of AVAX in circulation?

Cryptocurrency users risk losing their AVAX coins and other digital assets due to a variety of reasons, including computer failure, theft, and loss of private keys. You can use digital wallets to store crypto tokens such as AVAX. Another method is to download a wallet application and store your AVAX tokens on a personal computer. You can also benefit from our exchange’s hot wallet, through which you are able to trade your AVAX much more conveniently. Keep in mind that cold storage or offline storage is considered one of the safest ways of storing AVAX coins. They are safe because they are not connected to the internet. As they are gadgets that encrypt and hold your digital assets offline. However, many people still favor hot wallets because they can quickly connect to a variety of protocols.

What areas support SEPA/bank transfer for crypto purchases?

SEPA compatible areas consist of EEA (European Economic Area) countries, the United Kingdom, Switzerland, Andorra, Gibraltar, San Marino, and Vatican City.

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