Axie Infinity Guide: How much money do I need to start?

Do you want to purchase the Axie Infinity coin, also known as AXS? Or perhaps you would like to learn more about this GameFi cryptocurrency?

Your interest in crypto assets as an investment is shared by many others. Crypto investors who are smart about their money will obviously diversify their holdings by purchasing assets with a lower level of risk, such as stocks or exchange-traded funds.

READ MORE: Earnings for Axie Infinity players drop below Philippines minimum wage?

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However, the most important question is, out of the more than 9,000 cryptocurrencies currently available, which one should you invest in?

The native cryptocurrency for the Play-2-Earn game Axie Infinity is referred to as AXS, and we will evaluate it below. We analyze the performance of the AXS price and evaluate its merits as an asset that can be invested in.

In this article, we examine the four most reputable places to purchase Axie Infinity cryptocurrency. Which one provides the least amount of commission on cryptocurrency trades while also offering the highest level of governmental regulation as part of a bundled offering? Discover the answers in the following section. eToro, a global broker, has more than 23 million users, so clearly they are doing something right. The fact that eToro is regulated is the first reason why it is a recommended platform for purchasing Axie Infinity coin.

 

This well-known social trading platform is governed by the FCA, ASIC, and CySEC, among other financial authorities. Additionally, it satisfies all of the requirements imposed by the SEC and FINRA in the United States. Every type of investor, from novices to seasoned pros, can take comfort in this level of regulatory oversight. In addition to this, none of the other sellers whose offerings are analyzed further down in this article can compete with it. An investment in Axie Infinity (AXS) can be made with as little as ten dollars using eToro. eToro operates in US dollars (USD), the same currency used by the vast majority of brokers and exchange accounts. When you make a deposit using US dollars, you won’t be charged any conversion fees. eToro does not impose any additional fees, including those for deposits.

This is preferable to other sellers, such as Coinbase, which charge a 3.99 percent fee on credit card and cryptocurrency purchases. The fact that eToro allows users to make financial transactions using PayPal is a significant selling point for the company (which Coinbase does not permit). You can make deposits and withdrawals with eToro using a number of different payment methods, including bank transfers, credit cards, and debit cards. The process of making a deposit is typically instantaneous, whereas making a withdrawal can frequently take several days (although this is not an unusual practice for a broker or exchange). When you buy cryptocurrency with eToro, you won’t have to pay any commission fees. However, you will be responsible for spreading fees. The difference between the price at which you can buy and the price at which you can sell a cryptocurrency is referred to as the spread fee.

This is how all cryptocurrency vendors make their money. The spread fee that eToro charges for AXS is a very reasonable 2.8 percent. eToro is home to 120,000 investors who keep tabs on the Axie Infinity coin. You should think about purchasing additional cryptocurrencies in addition to Axie Infinity. It is prudent to spread out your potential losses (and, of course, keep crypto to no more than 5% of your total investment portfolio). Because eToro supports more than sixty different cryptocurrencies, users have the opportunity to purchase Bitcoin, Ethereum, and a variety of important meme coins such as Shiba Inu and Dogecoin. The social trading options offered by eToro are where the platform shines brightest. The ability to participate in social trading frees you from the solitary confinement of traditional markets.

Therefore, it is an excellent choice for people who are just starting out. On the other hand, it is applicable to all different degrees of expertise. CopyTrader and crypto Smart Portfolios are two of the most powerful social trading tools offered by eToro, in addition to the company’s popular newsfeed, which is replete with helpful hints and commentary.There are a lot of people who are curious about the price of an Axie Infinity. For the benefit of those who are unaware, Axie Infinity is a new free-to-play (NFT) game that has a game design that is comparable to that of Pokémon GO, which was launched in December 2020. Since that time, the value of the AXS cryptocurrency, which is connected to the project, has increased by 1.060%. The Axie Infinity cryptocurrency, abbreviated as AXS, or the Smooth Love Potion cryptocurrency, abbreviated as SLP, can be used by players to make in-game purchases, earn additional in-game currency, or both (SLP).

People started wondering how much an Axie Infinity is because, after all, the cryptocurrency AXS reached a value significantly higher than what it had when it was first released in a short period of time, which is why people started wondering how much an Axie Infinity is. One of the most popular games in the cryptocurrency community right now is called Axie Infinity. It has been making headlines due to the meteoric, three-figure rise in value that its native token, AXS, has experienced over the past few months. Tens of thousands of users are interested in participating in and capitalizing on this new hybrid of online gaming and cryptocurrency, which is proving to be a lucrative investment opportunity. Regarding this game, the question “how much do I need to get in?” is probably the one that is asked the most frequently. Because this is a “play-to-earn” game based on blockchain technology, an initial investment of money is required before you can begin playing your hand and raking in the profits. The blockchain game Axie Infinity is modeled after the popular Pokemon franchise and gives players the opportunity to breed and take their virtual pets, known as Axies, into battle against those of other players in the Axie ecosystem.

The gameplay is straightforward but also highly adaptable and exciting, staying true to its Pokemon-inspired origins. Axie Infinity is without a doubt the most popular (and most lucrative) blockchain game of 2021 so far, and it is easy to understand why. When you consider how significant the earning potential is within the game, it is not difficult to understand why Axie Infinity now boasts over 1,000,000 daily active users. Axie Infinity (AXS) is one of the few cryptocurrencies that has experienced a significant price increase over the past few months. Investors are considering whether or not they should buy in due to the popularity and high revenue of the product. If you’re thinking about purchasing Axie Infinity, here are a few things you should know first. The pandemic has not only harmed people’s health; it has also impacted their lives in other ways. It has also severely harmed the means of subsistence for a great number of Filipinos.

As a result of this, many people were compelled to develop different sources of income. Some have taken up baking and cooking at home in order to sell their mouthwatering treats. Others have made the transition to working online in freelance capacities. In the meantime, those who seek an adventure have gravitated toward Axie Infinity. It would be a significant understatement to say that Axie Infinity already enjoys widespread acceptance in the Philippines. You may or may not have heard that this game has helped a friend of a friend make thousands of pesos, but you are aware that this is the case. Even serious cryptocurrency investors have started to pay attention to the craze that’s been going around. As a direct consequence of this, a few of them have begun to experiment with playing the game. It’s possible that you already have some knowledge about the game, but you want to learn more. This guide will teach you how to play Axie Infinity in case you have any questions about the game. Continue reading to find out more.

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