How to Buy Avalanche (AVAX) in South Africa in 3 Easy Steps
What is Avalanche (AVAX)?
Avalanche (AVAX) is a high-performance Layer 1 blockchain launched in September 2020, designed to tackle the blockchain trilemma by achieving high scalability, security, and decentralisation. Unlike many other blockchains, Avalanche uses a unique consensus mechanism called Avalanche Consensus, which is based on Proof-of-Stake (PoS) and allows validators to stake AVAX to produce new blocks. This results in a network that is both energy-efficient and capable of rapid transaction finality.
Today, AVAX is one of the top-20 cryptocurrencies by market capitalisation, with significant utility within the Avalanche ecosystem, including staking, transaction fees, and governance in the future.
How much is 1 AVAX in South African rands (ZAR)?
As of today, 1 AVAX = 0.000000 South African Rands (ZAR).
Market data last updated: Oct 9, 2024, 03:27 AM (GMT)
How to Buy AVAX in South Africa?
One of the easiest ways to buy AVAX in South Africa is through VALR, Africa's leading cryptocurrency exchange by trade volume. VALR allows you to deposit South African Rands (ZAR), which you can then use to purchase AVAX directly on the platform.
Here’s a step-by-step guide on how you can buy AVAX in South Africa using VALR:
Step 1: Log into Your VALR Account
Start by signing into your VALR account through the website or the VALR app on your phone. If you don’t have a VALR account, you can create one here. The verification process is quick and straightforward, taking only a few minutes.
Step 2: Fund Your VALR Account with ZAR
Next, deposit ZAR into your VALR account using a South African bank account or credit/debit card.
For bank transfers:
Go to your ZAR Wallet and select "Deposit."
Choose the "Via EFT" method.
Select your bank and use the displayed VALR banking details along with your unique VR reference number to transfer Rands to your VALR account. Make sure to use your unique VR reference number as the beneficiary reference when making the transaction.
For credit/debit cards:
Select the "Deposit" menu after choosing "Wallet" and "ZAR" on the website or app.
Opt for the "Via Credit or Debit Card" option.
Enter your card details on the next page. Note that only 3D Secure-enabled cards are accepted, with a rolling 24-hour card limit of 10,000 ZAR.
Step 3: Buy AVAX on VALR
Once your ZAR has been credited to your account (instantly for credit card payments and around 2 business days for EFT transfers), you can use your fiat balance to buy AVAX in South Africa. There are two ways to purchase AVAX on VALR:
1. Via Simple Buy/Sell
Select "Buy/Sell" on the website or in the app, then pick AVAX as the cryptocurrency you want to buy.
Choose ZAR as the currency to pay with, specify the amount of AVAX you wish to purchase, and finalise the trade.
2. Via Pro Trading
Select the "AVAX/ZAR" Spot pair from the "Pro Trading" menu.
Pro Trading allows you to set custom order parameters, such as the type of order (Limit, Market, Stop-Limit), the Limit price, and the time in force. After providing these details, as well as the amount of AVAX to buy, click "Place Buy Order" to complete the transaction.
If you’re ready to buy AVAX through VALR but don't have an account yet, sign up and get started in just a few minutes!
Stake AVAX on VALR
Once you've purchased AVAX on VALR, you also have the option to stake it directly on the platform and earn up to 5.79% APR. Staking rewards are paid out hourly, and you can stake or unstake at any time, meaning you have immediate access to your funds whenever you need them. Learn more about Crypto Staking here.
Common ZAR to AVAX Conversions
| Amount (ZAR) | AVAX Amount as of MMM XX, YYYY at HH XM (GMT) |
|---|---|
| 5 | X.XXXXXX |
| 10 | X.XXXXXX |
| 25 | X.XXXXXX |
| 50 | X.XXXXXX |
| 100 | X.XXXXXX |
| 500 | X.XXXXXX |
| 1,000 | X.XXXXXX |
| 5,000 | X.XXXXXX |
| 10,000 | X.XXXXXX |
| 25,000 | X.XXXXXX |
| 50,000 | X.XXXXXX |
Frequently Asked Questions
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You can buy AVAX on VALR, Africa's leading cryptocurrency exchange, by depositing South African Rands (ZAR) and trading for AVAX directly on the platform.
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AVAX is the native token of the Avalanche network, a high-performance Layer 1 blockchain designed for scalability, security, and decentralisation.
Risk Disclosure
Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate.
VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).
