If you’re into anything smart contracts, decentralized applications and decentralized finance (DeFi), you may have come across the name Avalanche.
Though it is younger than Ethereum which is the leading platform for smart contracts, dapps and DeFi, it has grown rapidly since its creation because of the superior services it offers. It is a proof-of-stake (PoS) network just like Ethereum, but offers higher efficiency, speed, and lower transaction fees.
AVAX is the native token used to power the Avalanche network, and is used mainly to pay for network fees. It is also used as a governance token that gives holders the power to vote on key improvements on the network. AVAX can also be staked to earn rewards on different platforms.
If you’re interested in it, you should have the pepper wallet for it as well, and the following are the best wallets you can use for it.
Core Wallet
This is a native wallet built primarily for the Avalanche network. Developed by AVA Labs itself, it is a self-custody wallet for managing portfolios. Unlike other core wallets, it supports several blockchains, including the Avalanche C-Chain, P-Chain, and X-Chain, as well as Bitcoin, Ethereum, and other EVM-compatible blockchains.
The all-in-one wallet allows users to send, receive, bridge, swap, and buy within a single unified platform. The wallet was designed to be easy to use, so that users can easily perform transactions and manage their portfolios.
You can use the wallet on the web, or on your mobile devices, both Android and iOS. Users can also use it to stake AVAX and transfer native Bitcoin and Ethereum assets to use on Avalanche Dapps.
Metamask
Metamask is a leading browser extension wallet that supports crypto assets from different chains, including Avalanche. The wallet is also non-custodial, giving users full control over their crypto portfolios.
You can use this wallet to interact with decentralized applications (dapps) on the networks it supports, such as Ethereum, Binance Smart Chain (BSC), and others. Metamask also allows the staking of crypto assets to earn rewards.
In addition, you can also use it to buy and hold non-fungible tokens (NFTs), both on the browser extension and on the mobile apps.
Trust Wallet
Trust wallet is a multi-asset wallet that supports millions of crypto assets from hundreds of blockchains. It is an exciting wallet to use because of its many web3 features which include support for NFTs and dapps.
The wallet has an in-built dapp browser which allows you to browse information about the trending dapps and make informed decisions. It also allows users to stake their assets for rewards, one of which is AVAX.
What’s more? The wallet is available as a mobile app for Android and iOS to ensure seamless portfolio management. It can also be used as a browser extension.
Ledger Nano X
Ledger Nano X is a hardware cold wallet produced by Ledger. It is the best Ledger wallet because it has Bluetooth functionality which enables users to connect to and access the wallet through their mobile phones.
This means that you can manage your portfolio on the go. With over 5,000 assets also supported, this wallet gives users several choices to work with when it comes to swapping assets and can be a source of passive income through its staking services.
Coinbase Wallet
Coinbase wallet is a non-custodial wallet that provides easy portfolio management for hundreds of assets including AVAX. Though owned by Coinbase, it gives users full control of their assets without any external interference.
It is also a true web3 wallet, having features such as support for NFTs and staking of assets to earn rewards. The wallet comes as a mobile app for Android and iOS devices, but is also available as a browser extension for top browsers such as Chrome, Brave, Edge, and Firefox. You can use it with hardware wallets such as Ledger and Trezor.
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