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AVAX - Avalanche

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Written by Sophie
Updated this week

πŸͺ™ What is Avalanche and AVAX?

Avalanche is a high-performance, scalable blockchain platform designed for decentralized applications and custom blockchain networks, using a unique consensus protocol that enables fast, low-cost, and energy-efficient transactions. Its native token, AVAX, is used for paying transaction fees, staking to secure the network, and participating in governance decisions. Avalanche also allows developers to create subnets, which are independent blockchains that can operate with custom rules while still connecting to the Avalanche ecosystem, making it highly flexible for a wide range of applications. Learn more

πŸ“₯ How to Deposit AVAX Into Your Coinmetro Account

For all information on how to deposit AVAX into your Coinmetro account, please see the following Help Center article:

βœ… Supported networks on Coinmetro: Avalanche

πŸ“€ How to Withdraw AVAX From Your Coinmetro Account

For all information on how to withdraw AVAX from your Coinmetro account, please see the following Help Center article:

Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.

πŸ’Έ How to Buy AVAX on Coinmetro

For all information on how to buy AVAX on Coinmetro, please see the following Help Center article:


FAQs

πŸ•’ How long does it take for an AVAX deposit or withdrawal to arrive?

An AVAX deposit or withdrawal is usually near-instant, but may take a few minutes to be processed on the network. 32 blockchain confirmations are required for the transaction to be successful. If your deposit or withdrawal is still pending after this timeframe, please get in touch with our customer support team.

πŸ”Ž Where can I track the status of my AVAX deposit or withdrawal?

The status of your AVAX transaction can be found directly on the blockchain explorer here: SnowTrace

πŸ’Έ What are the fees to deposit or withdraw AVAX?

  • Deposit fee: There are no fees to deposit AVAX into your Coinmetro account.

  • Withdrawal fee: The current fee to withdraw AVAX is 0.1 AVAX.

πŸ’° What are the fees to buy or sell AVAX?

Fees may vary depending on your Level and which trading platform you are using. You can find all information on our trading fees here: What Are the Fees on Coinmetro?

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