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Avalanche Wallet is a cryptocurrency web wallet based on the Avalanche blockchain. It allows users to connect to the Avalanche ecosystem of decentralized applications (DApps). Avalanche Wallet has three types of addresses: X-Chain, C-Chain and P-Chain. Each of them allows you to store cryptocurrency for different purposes. X-chain is mainly used for storing assets, C-chain allows you to interact with smart contracts, and P-chain is for staking. Avalanche Wallet allows you to move tokens between these three blockchains. When transferring assets from the Avalanche web Wallet, be sure to use a blockchain that is compatible with the selected withdrawal wallet. For example, only C-Chain is compatible with wallets, so to transfer assets, first move Avalanche tokens to a C-Chain wallet using the cross-chain feature. Avalanche is an open-source platform for decentralized applications (DApps) that aims to improve scalability, interoperability, and usability across its three blockchains. If you want to explore and use the Avalanche ecosystem and its DApps, you need the Avax Wallet.
AVAX wallet has the same functions as other wallets for storing, sending, and receiving tokens. There are also outstanding features such as:
You need to use the cross-chain transfer feature to move funds from one blockchain to another. For example, to send AVAX to a wallet, you must first move the tokens to a C-Chain wallet, as many wallets are only compatible with the C-Chain blockchain. If you choose the wrong chain, you can permanently lose your funds.
There are many different chains, but in general, AVAX wallet is used to store coins. Avalanche X-Chain wallet will store AVAX (X-Chain), and Avalanche C-Chain wallet is AVAX C-Chain token, standard ARC20 tokens. They are stored on the Avalanche blockchain platform.