Axie Infinity is one of the most popular play-to-earn (P2E) blockchain games. Axie Infinity Shards (AXS), the native ecosystem token, is also one of the most valuable crypto assets in terms of market capitalization.

This guide explains how to buy AXS, as well as why a casual investor should consider investing in the token.

Hundreds of thousands of people are currently playing Axie Infinity, a Pokémon-inspired blockchain-based P2E game. Sky Mavis, a Vietnamese video game developer, debuted it in March 2018. The game had a successful crowdfunding campaign in 2020, garnering up to $3 million through the Binance Launchpad IEO (initial exchange offering).

For skilled gameplay and participation in the Axie Infinity ecosystem, players are rewarded with two sorts of tokens. These are the following:

• Axie Infinity Shards (AXS)
• Smooth Love Portion (SLP)

However, playing isn’t the only method to get your hands on either coin; you can also purchase them through crypto trading sites. They’re available on both centralized and decentralized exchanges, but this guide will focus on the former because it’s far easier and more appealing to most newcomers.

Why Invest in Axie Infinity (AXS)?

For various reasons, the AXS token is a vital component of the Axie Infinity ecosystem. There are four key reasons to buy AXS tokens as an investor:

1. Governance: The token was established first and foremost to allow holders to participate in key decision-making processes that affect the game’s development and upkeep. AXS holders, for example, have a say in how the game’s ecosystem money and treasury funds are allocated and used.
2. Staking: On September 30th, 2021, AXS staking was enabled, allowing holders to earn a share of the inflation tokens and in-game revenues. Staking is the process of entrusting a portion of your assets to a smart contract for a variety of purposes, including gaining the opportunity to participate in transaction validation.
3. Value transfer: AXS tokens are the native currencies utilized in the Axie Infinity ecosystem to make payments, allowing players to purchase Axies, virtual land, and other in-game commodities.
4. Speculation: Traders can earn from AXS tokens by buying and selling them on crypto exchanges for a profit, or just buying and hoarding them for lengthy periods. For example, its IEO price was $0.10 in November 2021, and it reached an all-time high of $165 in December 2021. In just one year, the value of the property has increased by 165,000 percent.

Uphold Axie Infinity (AXS) Purchase (step-by-step)

Step 1 – Join Uphold or log in

Users who are new to Uphold will need to create an account. This is a simple procedure. To get started, go to Uphold.com and click the Sign-Up button in the top right corner of the main navigation.

If you already have an Uphold account, you may skip the registration procedure and go right to wallet.uphold.com to log in. Provide your username and password, as well as the email address you used to sign up.

Step 2 – Explore the user interface

There are three columns with which you can interact once you’ve logged into Uphold.

The ‘Anything to Anything’ column indicates that you can convert or trade between any of the supported assets with Uphold.

Step 3 – Specify a payment method

This step implies you want to buy AXS with a debit card or bank account rather than swapping from an existing asset like Gold, Silver, or any of Uphold’s approved national currencies. As a result, you must first add a payment method to your account.

You’re done once you’ve added a payment method. The choice will then appear as an available option for future transactions, allowing you to avoid repeating the process.

Step 4 – Indicate the asset to purchase

To open a dropdown list of all the assets supported by Uphold, click anywhere within the [To] form box. To get to the cryptocurrencies list, select [Cryptocurrencies] on the top slider bar, then scroll down to find the AXS asset. Alternatively, you can look for AXS using the search box.

Next, use the middlebox between the [To] and [From] form sections to select how many AXS tokens or the equivalent in fiat cash you want to buy.

Step 5 – Confirm the transaction

To proceed to the confirmation stage, click the [Preview] option. Uphold will show you the transaction details, such as the amount of AXS to purchase and the rate at which the platform will sell the tokens to you.

Additionally, if you have numerous cards or bank accounts linked to your Uphold account, you will be able to validate that you have selected the correct one.

To complete the transaction, click [Confirm]. Unless you utilized the wire transfer option, in which case the tokens will be placed as soon as the deposit is received, your Axie infinite tokens will be deposited instantly into your account.

The procedure for purchasing Axie Infinity (AXS) tokens is straightforward. There are various other locations where you can buy or trade AXS, as mentioned in this guide, but Uphold is now one of the significantly regulated, reliable, and safe crypto trading platforms.

Gamers can always engage in the Axie infinity universe and earn AXS by playing, but circumstances may force them to buy certain tokens.