Purchasing Axie Infinity (AXS) in Canada has never been easier, with trusted local exchanges and international platforms catering to Canadian residents. This guide walks you through the process while highlighting key considerations and top platforms for seamless transactions.
Key Considerations Before Buying AXS in Canada
Before diving into the AXS market, evaluate these critical factors:
- Market Position: Cryptocurrencies like AXS experience volatile price swings. Research current trends using tools like CoinMarketCap or CoinGecko.
- Fee Structures: Compare exchange fees (trading, deposit/withdrawal) to maximize returns.
- Platform Reputation: Opt for FINTRAC-registered exchanges with robust security protocols.
👉 Compare top crypto exchanges for AXS trading
How to Buy AXS in Canada: 4 Simple Steps
- Select a Exchange: Choose from our curated list of Canada-friendly platforms below.
- Create an Account: Complete KYC verification with government-issued ID and proof of address.
- Fund Your Account: Deposit CAD via Interac e-Transfer, bank wire, or credit/debit card.
- Purchase AXS: Execute limit/market orders based on your investment strategy.
Top 5 Canadian Exchanges for AXS Purchases
1. Bitbuy
- Regulatory Status: Canada’s first reserve-audited exchange (annual audits since 2019)
- Fees: 0.50% trading fee
- Funding Methods: Interac, bank wire, crypto deposits
- Security: 95% cold storage, 2FA mandatory
Best for: Traders prioritizing regulatory compliance
👉 Sign up for Bitbuy
2. Coinberry
- Spread: ~1.5% (varies by market conditions)
- Funding: Instant Interac deposits
- Coins: 12+ major cryptocurrencies
- Insurance: Third-party custody coverage
Best for: Beginners needing instant CAD funding
3. Coinsquare
- Advanced Trading: Stop-loss/take-profit orders
- OTC Desk: For large-volume trades (>$50k CAD)
- Mobile App: iOS/Android with biometric login
Best for: High-volume investors
4. Netcoins
- Trading Pairs: 30+ coins against CAD
- Staking: Earn interest on idle assets
- Tax Tools: Automated capital gains reports
Best for: Long-term holders
5. Newton
- Fee Structure: 0% trading fees (built into spread)
- Recurring Buys: Dollar-cost averaging scheduler
- API Access: For algorithmic traders
Best for: Passive investors
Security Best Practices
- Enable whitelisting for withdrawal addresses
- Use hardware wallets (Ledger/Trezor) for long-term storage
- Monitor for phishing scams targeting crypto users
FAQ Section
Q: Is AXS legal in Canada?
A: Yes, Axie Infinity operates legally. Ensure your exchange complies with FINTRAC regulations.
Q: What’s the minimum AXS purchase?
A: Varies by platform—some allow fractional buys as low as $1 CAD.
Q: How do I transfer AXS to private wallets?
A: Withdraw via ERC-20 network (Ethereum-compatible wallets like MetaMask).
Q: Are there capital gains taxes on AXS?
A: Yes—report profits as income on your Canadian tax return.
Q: Can I stake AXS in Canada?
A: Select platforms like Netcoins offer staking; check individual exchange terms.
Final Thoughts
Canadian investors enjoy multiple reputable options for AXS purchases. For optimal security, we recommend using FINTRAC-registered exchanges with insured cold storage solutions.