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Avalanche | How to Buy AVAX in the Philippines

Avalanche’s network has subnets composed of three chains: C-chain, X-chain and P-chain. These chains stand for contract, exchange and platform. Later, these subnets will be discussed under use cases or utilities.

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In our guide about Ethereum, it is noted that the Ethereum blockchain uses smart contracts to support a variety of projects. Another blockchain operates similarly—the Avalanche Network.

AVAX Price to PHP

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Avalanche Network: A History

In 2018, Cornell University professor Emin Gün Sirer, together with Cornell University computer science PhD’s Kevin Sekniqi and Maofan Yin, formed Ava Labs, which built on the work of Team Rocket, a pseudonymous group of researchers who proposed a novel consensus protocol called Snowflake, a family of consensus protocols that combines both Classical and Nakamoto consensus.

Ava Labs is the team behind the Avalanche Network, which adopted Snowflake. It immediately raised $12 million and $42 million on its native token’s, $AVAX’s, private sale and initial coin offering (ICO) activities in 2020, respectively, hinting that investors are interested in the network’s new consensus protocol. 

In 2021, Ava Labs is said to focus on launching DeFi applications on the network, such as stablecoins, lending platforms, and decentralized exchanges. 

Further, because Avalance Network uses an architecture that consists of three interoperable blockchains, with each having a different purpose and consensus mechanism, the network claims to offer faster, cheaper, and more scalable transactions than the Ethereum network. 

The three blockchains are the Primary Network, which uses the Avalanche Consensus Protocol and where the $AVAX is used for fees, staking, and governance; the Contract Chain (C-Chain), which uses the Snowman Consensus Protocol and the one that supports smart contracts and dApps; and the Platform Chain (P-Chain), which uses the Snowman++ Consensus Protocol for creation and management of custom subnets and blockchains. 

AVAX: The Native Token of the Snowflake Blockchain

AVAX is the native token of the Avalanche Network, which means that it is used to pay for fees, secure the network, and participate in governance. 

It is used for payments within the network, including transaction fees and creations of digital assets and sub-networks. It is also used for staking, to secure and validate the transactions in Avalanche. 

Ticker Symbol$AVAX
Year Launched2020
Consensus AlgorithmSnowflake
All-Time High$144.96 (November 21, 2021)
All-Time Low$2.80 (December 31, 2020)

How to Buy AVAX?

  1. To start buying, selling, holding, and trading $AVAX on exchanges, users should create and verify an account by providing requirements such as personal information, an email address, a phone number, a valid ID, and a selfie. 
  2. Choose the $AVAX trading pair; it could be $AVAX/USDT, $AVAX/USD, $AVAX/PHP, or others.
  3. Buy $AVAX by typing the desired amount. 
  4. Check the crypto wallet of the exchange, select the transfer or send option, and type in the wallet address of the receiver. Make sure that the wallet is compatible with $AVAX. 
  5. Check if the transaction is complete. Usually, the amount has already been loaded to the wallet. 

How to Stake $AVAX?

  1. Create an AVAX wallet. 
  2. Go to “Earn” section. 
  3. Choose from the list of validators to delegate the tokens. The requirement is at least 25 $AVAX. 
  4. Click the “Delegate” button. 
  5. Fill up the required information and accept the “Terms and Conditions.” 
  6. Pay the transaction fee to complete the delegation. 

Note: The minimum delegation period is two weeks while the maximum is one year. 

This article is published on BitPinas: Avalanche | How to Buy AVAX in the Philippines


  • Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
  • BitPinas provides content for informational purposes only and does not constitute investment advice. Your actions are solely your own responsibility. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.

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Original Article Follows (May Contain Outdated Information)

Having the fastest transaction speed in transacting in cryptocurrency is essential because of the need of having each transaction done in real-time. Crypto developers are creating other cryptocurrencies that can offer this innovation. One of them is Avalanche, developed by Ava Labs in September 2020.

What is Avalanche?

Avalanche is a platform where users can use their subnets for faster transactions within the network and across other networks like Ethereum and Bitcoin. Avalanche uses its own Avalanche Consensus Protocol, which can verify new information within the blockchain faster than its predecessors. Offering 4500 transactions per second against Ethereum’s limit of 15 transactions per second. 

Avalanche’s network has subnets composed of three chains: C-chain, X-chain and P-chain. These chains stand for contract, exchange and platform. Later, these subnets will be discussed under use cases or utilities.

How to Buy Avalanche (AVAX)?

Avalanche (AVAX) is the native cryptocurrency of the Avalanche platform that is used to pay for gas fees and transactions within the network. This token has a maximum cap of 720 million tokens. AVAX is also a governance token for the platform. Having more AVAX entitles the holder a greater vote in the decentralized organization.

AVAX can be bought through Binance and PDAX.


Investors and enthusiasts can buy AVAX through Binance by either converting USDT and BUSD into AVAX or do a Spot Trade using the said stablecoins.


Investors and enthusiasts can buy AVAX through PDAX by trading their fiat or assets to AVAX.


AVAX is also available in PayMaya. Users can just convert their pesos to AVAX or vice versa within the app.

Avalanche Wallet

Avalanche has its own wallet that can be downloaded from their website https://wallet.avax.network/. It is a non-custodial wallet for storing Avalanche assets. Therefore, it does not require Know Your Customer (KYC) but rather a 24-chronological word Seed Phrase. Seed Phrase serves as the key to access the wallet from any web browser and should be written down and not stored online to avoid being compromised by hackers.

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Each subnet has its own unique wallet address. Make sure to use the right address to where the AVAX will be transferred to.

What are Avalanche’s Use Cases?

Avalanche’s X-chain is where transactions are made. Its native token, AVAX, is used to pay gas fees just like with Ethereum, ETH is used for paying their gas fees.

Developers can create decentralized applications (Dapps on the C-chain of Avalanche while leveraging the platform’s security and scalability benefits. The C-Chain runs smart contracts for the platform and is Ethereum Virtual Machine (EVM) compatible. This means anyone can use Ethereum smart contracts on the Avalanche platform. Developers can make NFT marketplaces, Dapps, DeFi and more because of its ecosystem.

Validation of the network requires at least 2000 AVAX and this gives the validator their own node. An individual can also be a delegator for lending at least 25 AVAX but they will not have their own node. In this process, AVAX holders can earn through proof of stake (PoS) and proof of work (PoW). This feature is found in the Avalanche wallet.

P-chain oversees the other subnets and in the same way the other subnets also validate P-chain.

A unique feature of Avalanche is that the developer can make their subnet either public or private. The developer can require validators to undergo KYC or not. 

Closing Thoughts

Avalanche is another innovation in the crypto space that offers a faster transaction time, a secure network for creating Dapps in its own ecosystem, and to bridge to other networks like Ethereum and Bitcoin for faster transactions. This can be one of the alternatives for Ethereum blockchain.

Do due diligence in researching cryptocurrencies before investing in them.

This article is published on BitPinas: Avalanche | How to Buy AVAX in the Philippines

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.

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