Avalanche wallets help users to safely send and receive AVAX as well as facilitate daily transactions for artists and collectors in the NFT space, but they’re incredibly useful for so many other things.
From staking and voting on the future growth of Avalanche, to buying, selling and viewing NFTs, cryptocurrency wallets on Avalanche enable lightning-fast transactions at lower fees than traditional banks and are the keys to the digital future of finance for the masses.
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, and Contract Chain (C-Chain) – used for the creation of smart contracts. They are all validated and governed by the Avalanche Primary Network.
Key Takeaways for Creators and Collectors
There are plenty of great options to choose from when it comes to Avalanche wallets, each with its own unique points plus added functionality. Your wallet should let you:
Manage and stake AVAX and Avalanche native tokens
Safely store your NFTs and Avalanche native tokens to use and view at your discretion
24/7 access to your funds to transact and cash out whenever you want
Access and use a growing number of dApps via your wallet
Allow compatibility with a hardware wallet, such as a Ledger Nano X, which is the best way to keep your assets safe.
"What’s the best wallet for me?"
Check out our carefully-selected Avalanche wallets to find the one that works best for your needs.