![]() Take AVAX as an example: it can be stored and traded on the X-Chain, used on the C-Chain to pay for transaction fees and interact with smart contracts, or staked on the P-Chain to earn rewards. You can store cryptocurrencies on any of the three chains to serve different purposes. You can read more on how the three chains work in What Is Avalanche (AVAX)?. The P-Chain coordinates network validators and can be used for staking on the Avalanche Wallet. The C-Chain allows users to create smart contracts and interact with DApps and DeFi services. The X-Chain is a decentralized platform for creating and trading the Avalanche native token AVAX and other cryptocurrencies. You can also swap DeFi tokens from BNB Smart Chain (BSC), Ethereum, Polygon, and other chains to Avalanche using bridge services.Īs mentioned, the Avalanche network features three types of blockchains: the Exchange Chain (X-Chain), the Contract Chain (C-Chain), and the Platform Chain (P-Chain). ![]() You can store, transfer, and stake hundreds of different cryptocurrencies, and even create your own NFTs (non-fungible tokens). What is an Avalanche Wallet and how does it work?Īvalanche Wallet is a non-custodial cryptocurrency browser wallet for interacting with the Avalanche ecosystem. If you want to explore and interact with the Avalanche ecosystem and DApps, you’ll need an Avalanche Wallet. You can move your Avalanche tokens to the C-Chain wallet using the cross-chain function.Īvalanche is an open-source platform for Decentralized Applications (DApps) that aims to enhance scalability, interoperability, and usability within its three chains. For example, only the C-Chain wallet is compatible with MetaMask and Binance wallets. When moving your assets out of your Avalanche Wallet, make sure to use a chain that is compatible with your destination wallet. You can also move your tokens across the three chains within the Avalanche Wallet. In short, the X-Chain is mainly used for storing assets, the C-Chain allows you to interact with smart contracts, and the P-Chain is used for staking. It enables users to tap into the Avalanche ecosystem of decentralized applications (DApps).Īn Avalanche Wallet has three types of addresses: X-Chain, C-Chain, and P-Chain. Avalanche Wallet is a cryptocurrency web wallet on the Avalanche blockchain.
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