In this quick guide, I’m going to cover some of the cheapest and easiest ways that you can buy Axie Infinity (AXS) in the UK.
Let’s get straight to it.
Intro: Best Ways to Buy Axie Infinity in the UK
Here’s a quick overview of some popular cryptocurrency platforms where you can buy Axie Infinity (AXS) in the UK.
|Provider||Payment Method||Trading Fees|
|Kraken||UK Bank Transfer||Up to 0.26%|
|Coinbase (Advanced)||UK Bank Transfer||Up to 0.60%|
|CoinJar||UK Bank Transfer||1%|
|CoinJar||Credit & Debit Card||2%|
|Crypto.com App||UK Bank Transfer||Variable|
|Crypto.com App||Credit & Debit Card||2.99% + Variable|
Scroll down to learn more about my favourite choices.
How to Buy AXS UK
You can’t directly buy Axie Infinity (AXS) with GBP on Kraken, but it still works out as one of the cheapest ways to get it in the UK.
The only available markets on Kraken for Axie Infinity (AXS) are:
This means you’ll have to deposit GBP into Kraken, and then convert it into EUR or USD before you can buy Axie Infinity (AXS). It takes a few steps, so it’s not that convenient/quick.
Maximum trading fees are 0.26% on Kraken, but they’re slightly lower (up to 0.2%) when you’re exchanging between fiat currencies or stablecoins.
However, you’re paying about 0.5% in fees to buy Axie Infinity (AXS) on Kraken – which is going to be difficult to beat.
CoinJar continues to add support for more and more cryptocurrencies. You can currently buy, sell, store, send, and receive 57 cryptocurrencies – which, aside from Axie Infinity (AXS), includes Fantom (FTM) and Loopring (LRC).
You can deposit GBP into your CoinJar account using a UK bank transfer for free. You can then use your cash balance to buy any supported cryptocurrency. If you take this route, you’ll pay a 1% fixed fee.
Alternatively, you can instantly buy Axie Infinity (AXS) with a credit or debit card. However, you’ll pay a 2% fixed fee instead.
CoinJar is also registered with the FCA as a cryptoasset business, which is a requirement for any cryptocurrency broker or exchange which services UK residents.
3. Crypto.com App
The Crypto.com app currently supports a growing number of cryptocurrencies (250+), including tokens like Axie Infinity (AXS).
Unfortunately, the exchange rate you’re quoted when buying Axie Infinity (AXS) via this app doesn’t match-up with what you’d be charged when using a popular cryptocurrency exchange.
When I checked, the prices on the Crypto.com app for Axie Infinity were about 1.5% higher than on Kraken. But it varies all the time, so you’ll need to double-check it before you go ahead (which just seems like an unnecessary hassle).
If you deposit GBP with a UK bank transfer, then you won’t be charged any other fees when buying Axie Infinity (AXS) with the Crypto.com app.
You can use a credit or debit card on Crypto.com too. However, UK residents will pay an extra 2.99% in fees to use this payment method.
What is Axie Infinity (AXS)?
Axie Infinity (AXS) is the ERC-20 governance token for the Axie universe gaming platform. Technically, the coin is called Axie Infinity Shards. But most people just call it Axie Infinity (AXS).
The token was founded in 2018 by a Vietnam-based company called Sky Mavis that specialises in creating blockchain-based gaming platforms. Axie Infinity’s (AXS) design was spearheaded by the company’s CEO, Trung Nguyen, and its COO, Aleksander Larsen.
There are currently about 60 million AXS tokens in circulation out of a total possible supply of 270 million. All 270 million tokens should be released by 2026 and most of those tokens will be released through staking rewards.
Here’s a look at how Axie Infinity (AXS) works:
To understand AXS and why it’s valuable, you need to have a solid grasp of what the Axie universe offers.
The Axie universe (formally known as Axie Infinity) is a blockchain game that’s inspired by Pokemon. It lets any player collect and raise digital pets called Axies. Interestingly, Axies are actually a type of ERC-721 NFT (non-fungible token) and each one is completely unique.
Whether you’re a keen gamer or not, it’s hard to argue the popularity of the Axie universe. It’s one of the largest Ethereum-based gaming DApps (decentralised apps) in the world by on-chain volume and it has more than 100,000 unique weekly users.
There are three main benefits of holding AXS tokens:
- Governance votes in all future developments of the Axie universe.
- Once the Axie universe is sufficiently decentralised, the AXS treasury will be governed by token holders.
- In the future, you’ll also be able to earn AXS rewards by staking your tokens.
Additionally, AXS is designed to be a currency within the Axie NFT marketplace.
It’s important that you don’t confuse Axie Infinity (AXS) with Smooth Love Potion (SLP), the Axie universe’s other native token. Smooth Love Potion (SLP) is a token that you can earn while playing the Axie Infinity game.
SLP is also an ERC-20 token, but it’s designed to be the in-game currency for Axie Infinity. It has a much smaller market cap than AXS. You can use SLP to breed new Axies, but it doesn’t give you a governance vote in the Axie universe and it doesn’t offer the potential for staking rewards.
Best Axie Infinity (AXS) Wallets
The safest place to store cryptocurrencies like Axie Infinity (AXS) is in a wallet that gives you complete and sole control over your personal keys.
And while you can leave crypto on an exchange if you want to quickly be able to place trades, it’s not a great idea if you’re interested in long term storage.
Axie Infinity (AXS) is an ERC-20 token, so it’s compatible with a wide range of online wallets and multiple popular hardware wallets.
There’s no official AXS wallet, but some of the most popular online wallets that support the token include:
- MetaMask: An uber-popular hot wallet that you can connect to via a browser extension or a mobile app. It gives you full control over your private keys and it gives you direct access to a number of decentralized exchanges (DEXes). MetaMask is also compatible with dozens of blockchain-based applications, including OpenSea and, of course, Axie Infinity.
- Atomic Wallet: One of my favourite multi-currency wallets, the Atomic Wallet is a desktop and mobile app-based hub that supports all ERC-20 tokens, including Axie Infinity (AXS). It has a fantastic wallet interface that gives you quick access to real-time market data about all of your assets. The wallet also has a built-in exchange and it supports the staking of select coins.
- Trust Wallet: Trust Wallet is the official personal hot wallet of the Binance ecosystem. It was developed by the team at Binance, but it’s completely decentralized and your private keys are not accessible to the exchange. Trust Wallet supports all ERC-20 tokens, including Axie Infinity (AXS) and it can also hold other digital collectables, like NFTs.
You can also store Axie Infinity (AXS) inside of hardware wallets such as:
The Trezor One is a popular choice if you want an affordable option for secure crypto storage. It supports ERC-20 tokens, including Axie Infinity (AXS). Additionally, AXS is fully supported by Trezor Suite, which is the wallet’s desktop interface.
Find out more about it in my Trezor One review.
Thanks for reading this guide about how to buy Axie Infinity (AXS) in the UK!
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