Avalanche is a Layer 1 blockchain network for decentralized applications and custom blockchain networks.
This makes it one of Ethereum’s rivals with an upper hand because the network is armed with higher speed and lower cost of transactions. This is contrary to Ethereum which still struggles with network congestion resulting in high transaction costs.
The network’s native token, AVAX, is used to pay for transaction fees and is the main payment method on the Avalanche network. It is also used as a basic unit of accounting for blockchains on the Avalanche network.
AVAX also serves as a governance token, empowering holders to vote on governance proposals for the network, and for staking to help secure the network. If you wish to participate in the Avalanche ecosystem, you need to own Avalanche, and here are the best wallets you can use for it.
Trust Wallet
This is a top choice wallet for those looking for a reliable wallet to hold AVAX. It is exceptional in terms of the number of assets it supports, because it supports millions of them from hundreds of blockchains.
The wallet is also highly secure, being a non-custodial wallet that gives users full control over their assets with no third-party interference. Trust wallet allows users to stake assets within it and also lets them hold non-fungible tokens (NFTs).
It is easily usable by anyone with an Android or iOS device since it is available as a mobile app. It is also available as a browser extension for Chrome, Brave, and other top web browsers.
Exodus Wallet
Exodus is a hot wallet that supports the entire Avalanche ecosystem. It allows you to buy, sell, hold, and send AVAX and over 350 other crypto assets. This wallet is non-custodial like Trust wallet, so you’ll have full control of it and be responsible for managing your assets.
There is a mobile version for Android and iOS devices, and there is the desktop version for desktop devices of different operating systems such as Windows, Mac, Linux, and others. Exodus doesn’t have a browser extension version.
It is a user-friendly wallet that anyone can use to manage their assets securely, as well as stake assets to earn passive rewards.
Ledger Nano X
If you’re more interested in hardware wallets, Ledger Nano X is an excellent option to use. It is a hardware wallet that is quite versatile and can be used on desktop as well as mobile devices. This is made possible by the Bluetooth connectivity that the wallet has, unlike the others.
The wallet supports well over 5,000 crypto assets, making it a good fit for those who wish to explore more altcoins. Just like the hot wallets, you can use it to stake assets and hold NFTs with ease.
This wallet offers the highest level of security for your portfolio, so you should consider it if security is on the top of your scale of preference.
Avalanche Web Wallet
This is a secure, non-custodial web wallet created specifically for the Avalanche blockchain, making it the ideal wallet for AVAX. The wallet is easy to use, since it was created for both beginners and experienced crypto users.
You can send, receive, or swap not just AVAX but also other Avalanche assets using this wallet. It is only a desktop wallet though, so it isn’t available for mobile use, which limits the extent of its use.
Coinbase Wallet
Coinbase wallet is a non-custodial web3 wallet launched by crypto company Coinbase. It is one of the best wallets that you can use to hold your AVAX. It supports over 260 crypto assets from several blockchains.
The wallet also supports staking of assets and holding of NFTs, making it a great option for web3 enthusiasts. You can use the mobile version which works on both Android and iOS, or the web browser version which works with top web browsers.
