Securely Store Your Avalanche

What is Avalanche?

Avalanche, or AVAX, is a blockchain platform and cryptocurrency that operates using the Proof-of-Stake algorithm. It is an open source project that works to lower transaction processing times and incentivize participation through rewards.

An interesting feature of AVAX is that all transaction fees are burned after collection in order to preserve the value of the coin. The fee values are decided by vote of AVAX users.

Where AVAX is capped at 720 million tokens, users also vote to decide how quickly new coins are “minted.” All participation in the processing of transactions is rewarded for speed in the AVAX token.

How to create Avalanche wallet?

Creating Avalanche wallet with Coin Wallet is fast and hassle-free. You can do it from your computer or mobile device without providing any personal information.

The process is simple:

1. Select “Create new wallet”.
2. You will be given a unique passphrase. This is your only way to access your wallet. This information cannot be retrieved if lost, so it is essential to record it in a secure place.
3. Set a PIN for quick access on your device.
4. From here, you’re ready to send, receive and exchange Avalanche with the app. You can buy Avalanche with a credit/debit card, Google Pay, Apple Pay, or exchange with your existing crypto.