How to use Avalanche wallet

Avalanche Wallet is a non-custodial wallet for Android phones that stores, sends and receives AVAX tokens and other Avalanche compatible tokens. How to use it includes: Download and install the Avalanche Wallet app. Create a new wallet and keep your mnemonic phrase safe. Use the "Send" button to send tokens. Use the "Receive" button to receive tokens. View your transaction history through History.

How to use Avalanche wallet

Android phone usage tutorial

What is Avalanche wallet?

Avalanche Wallet is a non-custodial wallet based on the Avalanche blockchain that allows users to store, send and receive AVAX tokens and other Avalanche compatible tokens.

Installation and Setup on Android Phone

1. Download Avalanche Wallet from Google Play Store.
2. Open the app and create a new wallet.
3. Choose a strong password and keep it safe.
4. Write or screenshot your mnemonic phrase and store it in a safe place.

Send and receive tokens

Send tokens:

1. Tap on the home screen "Send" button.
2. Enter the recipient’s address or scan the QR code.
3. Enter the number of tokens to send and the network fee.
4. Confirm the transaction and wait for confirmation.

Receive tokens:

1. Click the "Receive" button on the home screen.
2. Provide your wallet address or QR code to the sender.
3. Waiting for the sender to send the token.

View Transaction History

Click the "History" button on the home screen to view all transaction records for your wallet.

Manage Accounts

• Add an Account: Click the plus button (+) in the upper right corner and select "Add Account."
• Import Account: Select "Import Account" and import an existing account using a mnemonic phrase or private key.
• Export Account: Select "Export Account" and select the format you want to export (JSON, Mnemonic Phrase, or Private Key).

Safety Tips

• Keep your mnemonic phrase and private key safe.
• Use a strong password and change it regularly.
• Enable two-factor authentication for increased security.
• Always download and update wallet apps from official sources.

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.

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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