Avalanche wallet app detailed guide and steps 2024

The Avalanche Wallet App is a non-custodial wallet for managing AVAX tokens and other assets based on the Avalanche blockchain. Users can easily install, create wallets, add assets, and send and receive assets. Additionally, it offers the ability to purchase, exchange assets, view transaction history, manage multiple addresses, and enhance security.

A Detailed Guide to Avalanche Wallet App (2024)

What is Avalanche Wallet App?

The Avalanche Wallet App is a non-custodial wallet for storing, sending and receiving AVAX tokens and other assets based on the Avalanche blockchain.

Detailed Guide

Installation

• Download Avalanche Wallet from the official website, Google Play Store or Apple App Store app.
• After installing the app, select "Create New Wallet".

Create Wallet

• Create a secure and hard-to-guess password.
• Write your mnemonic phrase and store it safely offline.
• Confirm the mnemonic phrase and click "Create Wallet".

Add Asset

• Click "Add Asset" and search for the token you want to add.
• Click on the token and add it to your wallet.

Sending and receiving assets

Sending:

• Click the "Send" button.
• Enter the recipient’s address and the amount you want to send.
• Select the network fee and click "Send".

Receive:

• Click the "Receive" button.
• Your address will be displayed on the screen.
• Share your address with the sender to receive assets.

Other Features

• Purchase Assets: Purchase AVAX through integration with third-party exchanges.
• Exchange Assets: Exchange AVAX with other tokens within the app.
• View transaction history: View all your transaction history.
• Manage multiple addresses: Manage multiple Avalanche addresses in the same application.
• Security Settings: Enable biometric authentication or 2FA for added security.

TIP

• Always store your mnemonic phrases safely as they are the only way to recover your wallet.
• Avoid storing large amounts of assets in hot wallets as they are vulnerable to cyberattacks.
• Update your apps regularly to get the latest security patches and features.

Avalanche (AVAX) price drops suddenly

As of 19:00 on August 28, 2024, the price of Avalanche (AVAX) is $24.66, 24 Hourly trading volume is $3.4 billion. Its price fell by 4.46% in the past 24 hours.

This price movement is mainly caused by the overall depressed market sentiment and selling pressure from institutional investors.

Future Price Trends

In the short term, the price of AVAX may continue to fluctuate. However, as market sentiment improves and institutional investor interest returns, its price is expected to rise in the long term.

A Guide to Action

For those interested in investing in AVAX, now may be the time to buy. Prices are low and have upside potential. However, investors should be aware of market fluctuations and invest according to their own risk tolerance.

Short-Term Trend Forecast

AVAX price is expected to continue to fluctuate in the short term, but may see an upward trend in the coming weeks.

Indicators

• Current Price: $24.66
• 24 Hour Trading Volume: $3.4 Billion
• Circulating Supply: 4.05 100 million AVAX
• Maximum supply: 716 million AVAX
• Total supply: 405 million AVAX
• Circulation market value: 99.8 billion US dollars

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