2021-05-05 19:06:15

How to Buy Travala.com Token (AVA) • Benzinga

Travala.com provides investors with a way to pay for their flights, hotels and other activities with more than a dozen cryptocurrencies. Users can also earn Travala.com’s utility token (AVA) when they leave reviews, complete bookings using AVA and more. 

Our guide to AVA will help you learn a little more about this unique token offering and how you can add it to your list of investments.  

Branding itself as the world’s most crypto-friendly travel site, Travala.com allows globetrotters to book hotels, flights and activities using cryptocurrency. Travala.com claims to offer up to 40% off standard hotel rates, and users can pay for their stay using a wide range of cryptocurrencies. 

Travala.com’s utility token AVA serves a variety of functions for the website. For example, users can earn AVA when leaving reviews for the website or a hotel they’ve booked through Travala.com. When users pay for their stay using AVA, they unlock a 1% to 5% discount on their accommodations. 

Brief History of Travala.com Token

Founded in 2017, Travala.com is a blockchain-based travel website that allows users to search for and book flights, hotels and travel activities using cryptocurrency. Travala.com’s native token AVA was introduced to the market in 2018 at an ICO price of about $0.25 per token. 

Since this time, investor interest in AVA has steadily increased, with the token reaching an all-time high value of $6.42 in April 2021. Travala.com’s token is currently the 173rd largest cryptocurrency project when measured by total market capitalization. 

Step 1: Open an online account.

The 1st step to buying most types of cryptocurrency is to open an account with a broker that supports the coin or token that you want to trade. There are dozens of cryptocurrency exchanges, and each exchange offers its own set of supported items that you can buy, sell and trade. 

Some of the factors that you may want to consider when you decide where you want to open an account include:

  • Supported coins and tokens: There are thousands of cryptocurrencies — and no single exchange will be able to offer you access to all of them. It can be helpful to create a list of cryptos that you’re interested in trading before you open an account so you can be sure that you have a one-stop-shop for all of your investing needs.
  • Commissions and fees: Most cryptocurrency exchanges charge a percentage or flat-rate fee each time you make a trade. These commissions can quickly cut into any profits that you earn, especially if you plan to trade frequently. Be sure that you fully understand each fee associated with your brokerage platform of choice before you open an account.
  • Trading platform and educational tools: Some cryptocurrency brokers focus on providing plenty of educational material and a straightforward trading platform suitable for beginners. Others appeal to more experienced investors by devoting the majority of their resources to offering advanced trading and analysis tools, multiple types of buy and sell orders and additional tools to customize the trading experience. If this is your first time buying cryptocurrencies, you might want to seek out a broker that specializes in offering a straightforward, simple buying and selling experience and a wealth of educational tools and resources.

Binance.us supports AVA.

Step 2: Buy a wallet (optional). 

If you don’t plan to actively trade your AVA, it’s usually a good idea to store your coins in a private wallet. Private crypto wallets are hardware devices or software applications that provide you with a personal set of keys that you can use to keep your cryptocurrency safe. Private wallets are more secure than exchange wallets because only you have access to your coins and tokens, meaning that you’re less likely to be the target of a hack.

As AVA is an ERC-20 token, you can store your investment using almost any wallet compatible with the Ethereum network. Let’s take a look at a few of our favorite AVA-compliant wallets.