The best Avalanche AVAX wallets to safely manage AVAX and tokens, NFTs, stake AVAX, access DApps.
Avalanche network made its debut with the support of well-known crypto funds. Polychain, Three Arrows Capital, R/Crypto Fund, Dragonfly, Lvna Capital. CMS holdings. The Avalanche project is being built and led by Ava Labs.
Avalanche fastly entered the race with their competitors like Ethereum, Polkadot, Cosmos, Solana, and Cardano by creating a highly scalable network with low transaction fees – a suitable environment for the DApps developers, attracting the most prominent DeFi protocols also like Aave, Curve finance, SushiSwap…
Being able to process the big number of transactions per second (now 4,500 tps) but also what seems more critical, reaching the transaction’s finality in only 2 seconds. The transaction fees are very low.
Avalanche is compatible with Solidity (Ethereum programming language) and all its tools. But deploying smart contracts and DApps on the Avalanche blockchain due to low transaction fees (10th of the Ethereum gas fees) developers find very attractive. Avalanche has also managed to acquire a big number of nodes – which do not require high hardware requirements.
Avalanche Virtual Machines (VMs) allow devs to launch blockchains with a wide array of application-specific features. Just like the EVM (Ethereum Virtual Machine) is running on it.
Avalanche Subnets, with its new functionalities, enable anyone to easily create powerful, reliable, and secure permissioned or permissionless networks with custom implementations.
The Avalanche blockchain uses the POS (Proof-Of-Stake) protocol consensus, and rewards for staking AVAX are approx 11% APY or annual returns on the investment.
Avalanche has 3 Chains
Exchange Chain (X-Chain) – is the default asset blockchain on Avalanche and enables the creation of new assets, exchanging between assets, and cross-subnet transfers.
Platform Chain (P-Chain) – is the metadata blockchain on Avalanche and coordinates validators, keeps track of active subnets, and enables the creation of new ones, AVAX staking.
Contract Chain (C-Chain) – used for the creation of smart contracts. They are all validated and governed by the Avalanche Primary Network.
Avalanche Network Explorers
You can use the Avax Network Explorer where you can see the latest blocks, transactions, all subnets, tokens, and more.
The AVASCAN is also a good tool to see the validator’s list and performance and calculate the staking returns. SnowTrace is the Avalanche C-Chain Explorer, where you can also find a big number of network information, stats, and resources.
What is the best Avalanche AVAX wallet?
These are the 5 best Avalanche AVAX wallets in 2024.
You can use it to manage and stake AVAX and Avalanche tokens, NFTs (non-fungible tokens), and access and use DApps.
In addition, Avalanche developers made sure that each official software wallet is compatible with the Ledger Nano X hardware wallet, which is the only way to keep your assets 100% safe.
1. Ledger Nano X + Avalanche Wallet
Avalanche Wallet is the first official Avalanche network wallet, and the Ledger Nano X is one of the most secure and trusted hardware wallets. Its ability to connect with the biggest number of blockchains software wallets also made Ledger extremely popular and a leader in the market.
Ledger Nano X is compatible with Windows, Linux, Mac, Android, and iOS devices.
It supports over 5,500+ coins and tokens, including AVAX. Nano X works with the Ledger Live app (desktop and mobile versions). It provides 100% safety to your crypto assets.
Ledger Live offers many features: buy, exchange, lend crypto assets. Buy gift cards for the world’s best brands, all using the safe environment only the hardware wallet can provide.
You can set up Ledger Nano X for the Avalanche network easily.
Step 1: Buy Ledger Nano X and set it up with the Leger Live. Bluetooth is a very useful feature for mobile users.
Step 2: In Ledger Live, install the Avalanche App from the App Catalog. Create the Avalanche account using the Accounts tab.
You will then see it on your Ledger device.
That’s it. You are now able to receive, send, store AVAX. You can connect it to any software wallet or DApp and use its functions, but your coins and transactions are now fully safe.
Connect Ledger Nano X to Avalanche Wallet
1. Visit Avalanche Web Wallet. Click ACCESS WALLET.
2. Click Ledger. Make sure the Avalanche app is open on your Ledger device.
3. We are now providing the public key, which generates the public addresses. You can connect Ledger with the numerous software wallets, but they never get in touch with your private key. It is kept in your Ledger Nano X device safe chip and used to sign transactions – OFFLINE.
Confirm twice on your Ledger device. And DONE.
You will now see your AVAX X-Chain address on the front page, which you can use to receive, send, and store AVAX and tokens. But we can do this with Ledger Live alone.
How to Stake AVAX and Earn Rewards!
If you want to stake your AVAX, move your current tokens from the X-Chain to P-Chain using the Cross Chain tab.
Then click the Earn tab. To stake, you need at least 25 AVAX. You can also become a validator. To become the validator, you need 2,500 AVAX.
To stake AVAX, just choose a Delegator. To become a Validator (run your own Avalanche node), you can read more about it here.
Collectibles
Under the Collectibles tab, you can see the list of the Avalanche NFTs you have in your wallet.
Protect Your Ledger Nano X Recovery Phrase
If you want to invest in an extra layer of security for your Ledger hardware wallet 24 words Recovery Phrase the Ledger shop offers you 2 amazing options: Cryptosteel Capsule and The Billfodl.
The Cryptosteel Capsule is made out of 303 and 304-grade stainless steel, shockproof, fireproof, and waterproof – up to a 150000N pressure.
The Billfodl with its marine-grade 316 stainless steel can never rust, is created to withstand more than double the average house fire and shocks up to 1000000 volts.
They both have the same price: 99,00 €
Current special and limited offers in the Ledger shop:
- On Ledger Nano X you get free shipping!
- Combining Ledger Nano X and one of these excellent recovery phrase backups is a great security solution you can make in the Ledger Shop!
Ledger Nano X price is 149,00€
- Manage and stake AVAX 100% Safely
- Ledger Live features
- Move AVAX between X-Chain, P-Chain, and C-Chain
- Collect NFTs
2. Core wallet + Ledger Nano X
It has been highly anticipated by the Avalanche community because the only official wallet (Avalanche Web Wallet, see below) is able to manage only AVAX token + Staking, but not the other tokens which are on the Avalanche C-Chain. The reason why many were using the Metamask wallet configured for the Avalanche network.
Core wallet, which is the Chrome browser extension wallet for the Avalanche network, has been released recently!
The Core wallet is merging Avalanche dApps, NFTs, bridges, and subnets into one wallet that is easy to use! You can swap the Avalanche tokens, manage NFTs in the Core collectible galleries, manage multiple addresses, bridge – transfer native Bitcoin.
Of course, security first, AvaLabs made sure the Core wallet is compatible with the Ledger Nano X hardware wallet to keep your assets safe.
After installing the extension, click the widget icon top right. I am going to connect it to my Ledger wallet.
I have used the Avalanche Wallet to move my AVAX (which is not staked on the P-Chain) to the C-Chain, and here is how the Core wallet presents it and some of its functions.
You are able to manage and swap over 170 tokens on the Avalanche blockchain.
You can also bridge between Avalanche and the native Bitcoin and the Ethereum blockchain.
Under the Collectibles tab, you can see the list of your NFTs.
You can connect to and use DApps, like Trader Joe, Aave, Benqi…
The mobile version is also expected soon.
Ledger Nano X price is 149,00€
- Manage AVAX and all tokens on the Avalanche network
- Swap between the Avalanche tokens
- Bridge between Avalanche and Bitcoin and Ethereum
- Hardware wallet integration
- Access and use the DApps
3. MetaMask Wallet (Browser Extension and Mobile)
MetaMask can be used as a browser extension wallet and on iOS and Android devices.
MetaMask was made primarily as an Ethereum wallet but can be configured for many other blockchains. In the case of the Avalanche network, it can be configured to use it to receive and manage AVAX C-Chain tokens and access DApps.
We made a separate article on how to do it correctly: How To Set Up MetaMask For The Avalanche Network
You can connect MetaMask easily with Ledger Nano X also. You install the Avalanche app as explained above, open it on the hardware device, in MetaMask, click Connect Hardware Wallet, choose Ledger and one of the addresses provided, and that’s it.
- Popular and stable wallet
- Can be easily configured for the Avalanche network C-Chain
- Access DApps
- Hardware wallet integration
4. Coin98 (Browser Extension and Mobile)
Coin98 is available as a Google Chrome browser extension wallet and for Android and iOS devices. You can use it to manage AVAX C Chain and AVAX X chain tokens and access DApps.
Their website with all their ventures (and their web wallet sucks) is a bit messy to find the wallets, and we have placed the direct links for your devices.
So it can be used on both desktop and mobile devices. When you are using it as a browser extension in your Chrome browser after an installation, you choose a password and create a wallet for AVAX C Chain and/or AVAX X Chain. AVAX C wallet and its tokens are always used to connect to DApps.
The mobile versions also support wallets for both AVAX chains and an integrated DApps browser where you can choose it as a network and see the DApps to connect and use them.
5. Coinomi Wallet (Mobile)
Coinomi wallet has versions for all OS. The desktop one sucks (and I can’t use it for Avalanche right now), but the mobile one is also quite popular for other blockchains (iOS and Android).
We have created a wallet for AVAX C-chain on the Android phone. However, we encountered issues when we used WalletConnect to connect to one of the DApps built on the Avalanche network. Therefore, due to having better alternatives, we would avoid Coinomi for now and track their progress with the Avalanche network synchronization.
Buy YouTube views and subscribers with Avalanche AVAX
Using a secure cryptocurrency wallet, you can safely purchase YouTube views and subscribers with Avalanche (AVAX), boosting your videos’ reach and your channel’s overall engagement. This approach not only offers the benefits of anonymity and lower transaction fees but also helps attract a broader audience and increase interaction with your content.