Buy Axie Infinity (AXS) Coin in India — Step By Step Guide For Beginner’s

Buy Axie Infinity (AXS) Coin in India — Step By Step Guide For Beginner’s

How to buy Axie Infinity (AXS) Coin?

Games generally push players to purchase advanced resources or view promoting on their foundation to acquire incomes. Axie Infinity (principle token AXS) brings an entirely different significance and worth to this field. Axie, a blockchain-based doing combating and exchanging game, is roused by famous games like Tamagotchi and Pokemon and permits players to gather, breed, raise, exchange, and fight token-based animals known as Axies.

Buy Axie Infinity (AXS) Coin in India — Step By Step Guide For Beginner’s
Buy Axie Infinity (AXS) Coin in India

What is an Axie Infinity (AXS) Coin?

Axie Infinity is a renowned blockchain-based game that was inspired by the Pokemon game series. Axie Infinity provides highly flexible gameplay, which is open-ended that allows players to collect distinguishing digital pets known as Axies.

The Axies can be traded, battled and raised throughout the Axie ecosystem; these are Non-Fungible Tokens (NFT’s) or ERC-721, stating that each part is a unique digital asset with particular traits.

AXS is the primary token of the Axie Infinity Network and is an ERC-20 token tradable on the Ethereum blockchain. SLP (Small Love Potion) is another token on the network that can be used to breed new Axies.

Key Characteristic of Axie Infinity (AXS) Coin

  1. Earn While You Paly: Earn- by- playing model of AXS led to the formation of the Axie Infinity scholarship economy. The well-heeled players are known as Managers who lend out a team of 3 Axies to the scholars, known as workers.
  2. Governance: The Axie Infinity offers a decentralized governance system, where AXS holders can make decisions for the platform’s development.
  3. Staking Rewards: Axie Infinity holders can stake their tokens to earn a good sum of the amount of the AXS inflation.
  4. Dual Token Strategy: Axie Infinity runs on two primary tokens AXS and SLP. The AXS token holders can shape the platform’s development. In contrast, the SLP users can use the token for breeding new Axies.

Primary Features of Axie Infinity (AXS):

There are four primary features of Axie: battle, land, breeding and marketplace.

  • The battle is a turn-based card game where the players aim to defeat the enemies.
  • Breeding of Axies can create offspring that can be bred, deployed in battle or sold.
  • The homeland of Axie is called Lunancia, and it acts as the home for Axies.
  • You can trade, buy or sell Axies in the Axie marketplace as well as other NFT marketplace.

How to Buy Axie Infinity (AXS) Coin?

You can buy Axie Infinity (AXS) in India from several different exchanges but a trusted firm like BuyUcoin is important. With BuyUcoin you can trade AXS in India along with 130+ cryptocurrencies in INR and USDT pairs.

Buy Axie Infinity (AXS) Coin in India — Step by Step Guide for Beginners

Follow this step by step guide to buy AXS Coin with BuyUcoin:

Step 1 — Opening of a Digital Wallet

A digital wallet contains all your cryptocurrencies and uses blockchain technology to communicate with other users. In-depth research is necessary before you decide where to open your wallet. Today, BuyUcoin is a leading digital wallet provider.

Digital Wallet

Step 2 — Open an Account

Visit the official BuyUcoin website to register and signup and open a service account. Fill your country and adhere to the terms and conditions to create your crypto-trading account.

Sign Up To Create AXS Wallet

Step 3 — KYC Completion

For the Indian jurisdiction, KYC is compulsory. Your data is secured and encrypted, and stored only in Indian data centres. To complete your KYC, you will be redirected to another URL. Image of your pan card is mandatory. The mobile number connected to your Aadhaar is essential.

KYC Process

Step 4 — Google 2 step Verification

Install the Authenticator app to secure your account with 2-factor authentication. If enabled, you will be asked to include a 6-digit one-time password with your email and password any time you log in to your account.

Secure Your account with 2 Factor Authentication

Step 5 — Add Bank details

Enter your necessary information, such as your name credentials, the holder’s account name, and the IFSC code.

AXS-INR Trading

Trade Axie Infinity (AXS) Coin

To trade or sell AXS coins, you need to open your account with any Crypto exchange. You can buy AXS coins on various crypto exchanges and can convert them into any other Cryptocurrency.

After buying, you can also transfer your AXS coin to your wallet and keep your private key safe. Users can exchange and accept cryptocurrencies with fiat (traditional) currencies.

Can I Use Regular Money to Buy Axie Infinity (AXS) Coin?

Yes, regular money or any fiat currencies such as INR in India can buy AXS Coin, which can be stored in your wallet. You can trade desirable cryptocurrencies, in a single tap, without any hidden transaction fees, using India’s leading cryptocurrency exchange BuyUcoin.

Getting an Axie Infinity (AXS) Coin Wallet

BuyUcoin is a multi-currency crypto wallet where AXS coins can be stored with high-end security features and cold storage wallets. Once AXS coins are sent to your wallet, you will receive a confirmation email. AXS coin will appear in your wallet when you refresh the BuyUcoin wallet.

You can also use the AXS Wallet available on the play store to store your tokens. AXS Coin can be traded on various other exchanges. Users can also visit the Axie Infinity website and start their journey.

Axie Infinity (AXS) Coin Exchanges

AXS can be exchanged with other cryptos and bought on renowned and prominent platforms and many other exchanges like BuyUcoin. BuyUcoin offers advanced charts for high-level traders while maintaining standard trading with a user-friendly interface. BuyUcoin has numerous coins, including AXS Coin.


AXS is more than just a cryptocurrency to the gaming community, and as a result, it is still valued in that ecosystem. In the near term, Axie Infinity is quite likely to be the market leader as a network that gives a new and unique location for crypto fans and gamers to meet and interact in their platform. Regardless of how things turn out, Axie will be recognised for transforming gaming from a time and money-sucking pastime to a money-making venture.

Buy Centrifuge Coin(CFG) in India — Step by Step Guide for Beginners

Buy Axie Infinity (AXS) Coin in India — Step By Step Guide For Beginner’s was originally published in BuyUcoin Talks on Medium, where people are continuing the conversation by highlighting and responding to this story.

New year, same ‘extreme fear’ — 5 things to watch in Bitcoin this week

Could Bitcoin be any less interesting for the average hodler? The remarkable split between BTC price action and network fundamentals continues into 2022.

Bitcoin (BTC) begins its first full week of 2022 in familiar territory below $50,000.

After ending December at $47,200 — far below the majority of bullish expectations — the largest cryptocurrency has a lot to live up to as signs of a halving cycle peak remain nowhere to be found.

With Wall Street set to return after stocks conversely ended the year on a high, inflation rampant and interest rate hikes looming, 2022 could soon turn out to be an interesting market environment, analysts say.

So far, however, all is calm — BTC/USD has produced no major surprises for weeks on end.

Cointelegraph takes a look at what could change — or continue — the status quo in the coming days.

Stocks could see 6 months of “up only”

Look no further than the S&P 500 for an example of the state of play when it comes to U.S. equities.

The index achieved no fewer than 70 all-time highs in 2021, rounding out the year with a flourish, even as risk assets looked far less appetising.

Bitcoin was among them, trailing below the $50,000 mark with the only noticeable events coming in the form of peaks and troughs around thin holiday liquidity.

With that said, central bank policy is widely tipped to provide a potential cat among the pigeons in the coming months. The Federal Reserve has signaled two interest rate hikes this year, and the market’s ability to absorb them is seen as a key test for asset performance.

For the first chunk of the year, however, it may well be a continuation of the latest flavor of “business as usual” — stocks adding to all-time highs.

“History suggests the beginning of rate rise regimes actually result in stock market strength for 6 months,” Charles Edwards, founder of asset manager Capriole, noted in a series of tweets this week.

“10 of the 13 regimes (77%) since the 1950s had positive stock market returns over the first six months, averaging +5.1%. We are approaching the start of a new regime now.”

Edwards said that while such circumstances are generally “good” for Bitcoin, upheaval further down the line would likely mean that stocks take a beating in the long term thanks to the rate hikes.

“Without significantly higher economic growth (yet to be seen), it is unlikely any rate rise programs by the Fed will have a long runway,” he continued.

“Bitcoin will be volatile in this period, both an effect of stock market volatility, but also from sharp Fed course corrections.”

Inflation will be on the radar again next week, with Jan. 12 scheduled for the latest U.S. consumer price index (CPI) data for December.

U.S. inflation chart. Source:

$40,000 stays support floor

Bitcoin spot price action has provided precious little by way of interesting cues lately, staying in a well-defined range.

A tussle between bulls and bears has in fact been somewhat underwhelming in nature beyond rhetoric found on social media — volumes are thin, interest from retail low, and large players continue to maintain sell levels nearby.

Responding to levels to watch from Cointelegraph contributor Micha¹el van de Poppe Sunday, popular trader and analyst TechDev agreed that $48,000 represents “a little brick wall.”

To the downside, Van de Poppe said that he was eyeing the area between $40,000 and $42,000, with action above that corresponding to “accumulation.”

Bitcoin, however, has a habit of upending even the strongest trend at the least expected moment.

For fellow trader Pentoshi, there is little cause for celebration at levels much below $60,000, these last appearing over a month ago.

“I will long logical areas in a downtrend. I will be macro bearish until 58-60k reclaim. And bullish at local areas,” he summarized about his position over the weekend.

Pentoshi and others urged a pivot to Ether (ETH) on the basis of altcoin strength, thus providing a convenient way to “de-risk” with Bitcoin underperforming.

That strength is captured in Bitcoin’s market cap dominance, which has now slipped under 40% for the first time since May, data from TradingView shows.

Bitcoin dominance 1-week candle chart. Source: TradingView

On-chain metrics predict “sustainable price trend”

For those looking for a silver lining to the uninspiring price action, on-chain metrics provide no shortage of relief.

The further away the market gets from last month’s snap correction, the more enticing Bitcoin looks as an investment punt based on historical trends.

In its latest newsletter issued Dec. 31, Capriole director Ryan McCoy highlighted the shifting tide in investor selling habits as aligning with the latter stages of previous corrections.

Of particular interest is Short Term Holder spent profit output ratio (SOPR) from on-chain analytics firm Glassnode, which shows the extent of gains or losses from recently-spent coins — specifically those which last moved in the past 155 days.

Currently with a median score below 1, SOPR shows that coins spent at a loss are declining in numbers — a potential form of seller exhaustion.

“Typically, when this metric starts to bottom and then rise, a more sustainable price trend has begun,” McCoy explained.

“The 30-day median is still below 1 (implying that the average price of the coins moved is lower than the price they were purchased at), but signs of life like this after a substantial corrective event suggest we are likely in the latter stages of the current correction.”

Bitcoin short-term holder SOPR (30-day moving average) chart. Source: Capriole

Cointelegraph has reported extensively on hodlers’ habits when it comes to BTC, and long-term investors remain steadfast in their conviction not to sell.

“Despite the -38% drop since November, Long-Term Holders continue to diamond hand Bitcoin,” McCoy summarized.

“The last time Bitcoin was at $47K, long-term holdings were 10% lower. To date there has been insignificant distribution despite the volatility. That’s bullish.”

Fundamentals have (almost) never been better

Continuing the positivity, network fundamentals underscore the strong belief of another cohort of essential Bitcoin market participants.

Miners, despite seeing all-time highs of $69,000, are accumulating, not selling, their coins.

At the same time, the network hash rate is at all-time highs of its own, these last seen in March and April before the upheaval of the Chinese ban sparked months of migration.

Should the old adage of “price follows hash rate” remain true, miners’ faith in long-term profitability of Bitcoin provides a key indicator of where the market is going.

“Metrics like this are effectively old-guard fundamental outlook material and are largely overlooked by newer and sexier methods of explaining price dynamics, supply and demand, but cannot be ignored for their ability to explain institutional and infrastructural support for securing the protocol that at this point effectively underpins the entirety of the crypto economy,” Capriole added.

Bitcoin hashrate chart. Source: MiningPoolStats

Hash rate is currently over 190 exahashes per second (EH/s), according to estimates from MiningPoolStats.

Later this week, meanwhile, Bitcoin network difficulty is set to increase by around 2.4%.

Bitcoin difficulty chart. Source: Blockchain

This reflects the competitiveness of the current mining landscape, and difficulty should shortly tackle 25 trillion again for the first time since the pre-China peak, data from Blockchain shows.

With every increase, difficulty reinforces network security, creating an even more robust ecosystem.

How sustainable is “extreme fear” this time?

Bitcoin sentiment began 2022 with serious cold feet, the Crypto Fear & Greed Index measuring “extreme fear.”

Related: Top 5 cryptocurrencies to watch this week: BTC, LUNA, FTM, ATOM, ONE

As Cointelegraph reported, investor emotions have become highly sensitive to even smaller price movements within the current range.

Fear & Greed reflects this, moving up 8 points since the weekend despite price action offering little change.

At the time of writing, the Index measured 29/100, nevertheless in the “fear” zone.

Crypto Fear & Greed Index. Source:

As noted by on-chain analytics resource Ecoinometrics, meanwhile, such sentiment has historically failed to play out for long.

“Bitcoin is back in extreme fear. Historically that means there is limited downside at 30 days,” it tweeted alongside a chart compiling the index and BTC/USD.

Crypto Fear & Greed Index vs. BTC/USD chart. Source: Ecoinometrics/ Twitter

The post New year, same ‘extreme fear’ — 5 things to watch in Bitcoin this week appeared first on CoinRegWatch.

Bitcoin holdings of public companies have surged in 2021

The amount of BTC held by public companies has gained significant market share from that held in spot ETFs since Microstrategy’s “Bitcoin for Corporations” conference during Feb 2021.

The quantity of Bitcoin held by private corporations has increased significantly during 2021, building on increases from the previous year.

In a Jan. 3 tweet, on-chain analyst Willy Woo claimed that public companies holding “significant BTC have gained market share from spot ETFs as a way to access BTC exposure on public equity markets”.

This has been more noticeable since MicroStrategy’s “Bitcoin for Corporations” conference on Feb. 3 and 4, 2021. The online seminar aimed to explain the legal considerations for firms seeking to integrate Bitcoin into their businesses and reserves.

Michael Saylor’s MicroStrategy is a leading business intelligence firm and is known for being particularly bullish on BTC, owning almost $6 billion in crypto assets.

On Dec 30, Saylor’s firm purchased a further 1,914 BTC worth $94 million. The company has gained more than $2.1 billion in profit since its initial BTpurchase in August 2020.

Woo referenced a chart of BTC holdings inside ETFs and public company treasuries available for public ownership via equity markets, based on crowdsourced corporate treasury data.

Spot Exchange Traded Funds (ETFs) hold BTC, as opposed to Futures, in which companies purchase exposure via contracts from the CME futures market.

The data shows that digital currency asset management company Grayscale has gained the highest market share by a landslide, at 645,199 BTC by the end of 2021. This took up 71% of the wider market, as holdings of all spot ETFs and corporations together totaled 903,988 BTC according to the chart.

Related: Missed out on hot crypto stocks in 2021? It paid just to buy Bitcoin and Ethereum, data shows

MicroStrategy is the largest corporate investor, holding 124,391 BTC valued at around $5.8 billion according to BitcoinTreasuries. Second-placed Tesla holds around 43,200 coins worth roughly $2 billion at current prices.

During 2020, the amount of BTC held by public companies surged 400% in 12 months to $3.6 billion as reported by Cointelegraph.

The post Bitcoin holdings of public companies have surged in 2021 appeared first on CoinRegWatch.

Bitcoin & cryptocurrency news

5 Celebrities That Dig Crypto – Or At least Pretend To

Crypto seems to be popping up everywhere nowadays; bus stations, cringey television ads, your buddy at work who never stops talking about animal coin #231 that will “easily 100x”. Unless you’ve been living under a rock the past two years (who could blame you?), you’ve noticed an uptick in cryptocurrency showing up in more mainstream […]

The post 5 Celebrities That Dig Crypto – Or At least Pretend To appeared first on Crypto Giggle. Your home for Crypto Moonshots

Bitcoin & cryptocurrency news

8 Trending Cryptocurrencies to Invest in India in 2022

Know 8 Trending Cryptocurrencies to Invest in India in 2022. As the world witnessed some of the fastest-growing cryptocurrencies, investors are curious about India’s next cryptocurrency to invest in 2022. Here is a suggestive list.

The post 8 Trending Cryptocurrencies to Invest in India in 2022 appeared first on WazirX Blog.