Welcome to Coindictate, Avalanche is undoubtedly evolving in the crypto and DeFi sphere due to its exceptional blockchain technological innovation thus, most crypto enthusiasts have seen its token (AVAX) as a long-term investment.
While it’s being recognized as a good long-term investment, a very secure wallet to store this token is paramount.
In this article, I will be digging out different Avalanche wallets that are best for storing your Avalanche coin and also a brief introduction to the Avalanche ecosystem and its native coin which is Avalanche coin (AVAX).
Let’s dive in without much ado.
What Is Avalanchain?
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol.
Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition on Avalanche.
Avalanche launched on mainnet, September 21, 2020. Since then, the platform has grown to secure over 200+ individual projects, $14M+ of AVAX burned (reducing supply), 1,000+ individual block-producing validators, and over 600k+ community members around the globe.
Avalanchain Coin
Avalanche coin (AVAX) is the native token of the Avalanche blockchain.
It is a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Avalanche.
It has a total supply of 391,128,419 AVAX while 220,286,577 AVAX is already in circulation, with a total of $15.3B market capitalization.
Best Wallets To Store AVAX Token
If you have been searching for the best Avalanche wallets, then you’re in the right place as i will introducing you to different wallets that are the best need for your Avalanche coin (AVAX) long-term investment goal.
Avalanche Wallet
The first and foremost best wallet to store Avalanche coin is the Avalanche wallet.
Avalanche wallet is the official wallet of the Avalanche ecosystem, it is a simple, secure, non-custodial wallet that can be used for storing Avalanche assets.
It’s a web-based wallet and with Avalanche wallet, you can access your wallet by creating it with different options such as Private key, a mnemonic key phrase, Keystore File and Ledger.
To use Avalanche wallet, you got to navigate to the website and click on create an account then save down the recovery phrase that will be generated for you as that’s the only pass to access your wallet whenever you want to use Avalanche wallet since it’s a web-based wallet.
MathWallet
Math wallet is the other amazing wallet that you can use to store your Avalanche coin.
MathWallet is a multi-platform universal crypto wallet which means it can be utilized with mobile, hardware, desktop, and extension, and it enables storage of all BTC, ETH/ERC20, NEO/NEP5, EOS, TRON, ONT/ONG, ENU/Telos/EOSC/BOS, BinanceChain, Cosmos, VeChain, and Polkadot tokens.
Math Wallet also features cross-chain token exchanges, a multi-chain DApp store, and operates nodes for the PoS chain.
Metamask Wallet
Metamask wallet can also be used to store Avalanche coin and also to access any Dapp that’s built on the Avalanche blockchain network.
Metamask wallet provides the simplest yet most secure way to connect to blockchain-based applications with which you are always in control when interacting on the new decentralized web and it’s available as a mobile app on Playstore/Appstore and as a browser extension.
To access the Avalanche blockchain network on Metamask wallet mobile app, you are to install the metamask wallet on Playstore/Appstore and then create a wallet.
In your wallet, click on Ethereum mainnet tab and click on Custom RPC then fill the form page in order as follows.
- Network Name: Avalanche
- New RPC URL: https://api.avax.network/ext/bc/C/rpc
- ChainID: 43114
- Symbol: AVAX
- Explorer: https://cchain.explorer.avax.network/ and then click Save
Now you have a configured Avalanche wallet on Metamask wallet with which you can use to interact with any Dapp built on Avalanche blockchain and also store your Avalanche coin.
Conclusion
Coindictate authors may or may not have a vested interest in any of the mentioned projects and businesses.
None of the information provided in this article is investment advice nor is it a replacement for advice from a certified financial advisor.
The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of coindictate
