Avalanche is an extremely intriguing cryptocurrency that has the potential to define the future of dApps as well as DeFi and NFTs. The Avalanche blockchain has extremely high scalability, and the AVAX token skyrocketed in value in the fourth quarter of 2021. If you want to contribute to Avalanche’s growth, you should look for a suitable wallet (MetaMask). This article is all about how to add Avalanche to MetaMask.
MetaMask is an excellent choice because it allows you to not only hold AVAX tokens but also perform token swaps and gain access to decentralized applications. Today, we’ll show you how to connect Avalanche (AVAX) to MetaMask.
What is the MetaMask?
The MetaMask is a well-known Ethereum-based crypto wallet that also supports other tokens (tokens according to the ERC-20 standard). It is a software wallet, but it can also be used as a mobile app or as a Google Chrome and Firefox extension. The wallet’s unique feature is that it can not only function as a regular wallet. MetaMask can also interact with smart contracts and decentralized applications on a blockchain.
MetaMask is a hot wallet. A hot wallet is more commonly used for short- to medium-term coin storage. The advantage of hot wallets is that cryptocurrencies are instantly available. In terms of security, the cold wallet still reigns supreme. You can, however, use MetaMask for storage as an individual with clear reserves. An overview of various types of crypto wallets can be found here.
What is Avalanche (AVAX)?
Avalanche is a blockchain and cryptocurrency platform with smart contract functionality that enables decentralized applications. It is a decentralized computing platform on which dApps are built, similar to Ethereum, Solana, and Polkadot. The Avalanche platform’s primary focus is on Decentralized Finance (DeFi).
Many types of assets, such as currencies, dApps, NFTs, commodities, and real estate, can be traded decentrally on Avalanche. AVAX is the internal token, which users can use to stake for rewards, among other things. The proof-of-stake consensus mechanism is used by Avalanche.
The AVAX token experienced a significant price increase, particularly in the fourth quarter of 2021, and rose to the top 15 cryptocurrencies in terms of market capitalization. On November 21, 2021, the AVAX price reached an all-time high of 146.22 US dollars. The AVAX, like almost all other cryptocurrencies, has suffered losses in 2022.
How to connect MetaMask to Avalanche (AVAX)?
MetaMask is an Ethereum wallet that can be linked to other cryptocurrencies and used as a wallet with all of its features. The connection between MetaMask and Avalanche is straightforward. We’ll give you some pointers.
Step 1: Add MetaMask as a browser plugin
(If you have already set up a MetaMask wallet, go directly to step 3!)
If you haven’t set up MetaMask for yourself yet, you can easily set it up as a browser extension. The MetaMask browser plugin was primarily developed for Google Chrome and you can easily integrate it into this browser. However, MetaMask can also be installed on the following browsers:
- Mozilla Firefox
- Microsoft Edge
Download the plugin from the MetaMask website! Click on the ” Download ” button here and you can then select the plugin for Chrome. There are also options for mobile use (iOS, Android).
Step 2: Set up MetaMask as an Ethereum wallet
In the next step you set up your new wallet. MetaMask is primarily an Ethereum wallet.
Follow the instructions in this article if you need more help setting up MetaMask. The following steps are kept very simple. We give a brief overview:
- Select “Add new wallet”!
- Set a new password!
- Save the backup key safely!
Step 3: Set up MetaMask as an Avalanche wallet
If you have now completed setting up MetaMask or already have a wallet, you can now connect your MetaMask to the Avalanche network. To do this, go to the browser extension and click on the network selection at the top! There you go to “Add network”.
A window will then open in your browser in which you must enter the data from Avalanche. The data is provided by Avalanche and is as follows:
- Network Name : Avalanche Network
- New RPC URL : https://api.avax.network/ext/bc/C/rpc
- Chain ID : 43114
- Currency symbol: AVAX
- Block Explorer: https://snowtrace.io/
Enter this data and click on save!
You are now connected MetaMask to Avalanche and the AVAX icon will appear in your MetaMask menu.
Where to Buy AVAX?
AVAX may be purchased on several exchanges. Here is a list that CryptoTicker suggests, taking into account the largest:
Offer from CryptoTicker
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