What is Avalanche (AVAX)?

Avalanche is a blockchain platform developed to address the scalability and security challenges faced by existing blockchain networks, particularly Ethereum. The layer-2 solution maintains decentralization and security while prioritising on low costs, lightning-fast transactions, and environmental friendliness.

Introduced by Ava Labs in 2020, the network has garnered popularity for hosting numerous successful decentralized applications, thanks to its smart contract compatibility. Avalanche also supports the Ethereum Virtual Machine (EVM), which means that it can run applications that are compatible with Ethereum. This allows developers to easily port their existing Ethereum projects to Avalanche and benefit from its higher performance and lower fees.

AVAX, the native token of the Avalanche blockchain, plays pivotal roles including transaction fee processing, network security, and governance.

Using AVAX on Gem Wallet

The best way to buy and sell AVAX is using Gem Wallet. Our open-source Avalanche wallet allows you to send, receive and purchase AVAX in the most seamless and secure way. Here are some perks:

  • Privacy: we rank among the most private crypto wallets available today. We do not track or collect private information about you or your device. 
  • Friendly UI: our simple design makes navigation and usage a seamless experience.
  • Non-custodial: You have full control over your private keys and AVAX.
  • Multi-platform Support: Gem Wallet is compatible with both iOS and Android devices.

How to Create an AVAX Wallet

Download Gem Wallet for AVAX by following these three steps:

  1. Get the mobile app from the App Store or Google Play Store, or from our Download page as an APK.

  2. Create a new wallet or import an existing one. Gem Wallet will generate a mnemonic phrase for you, which is a set of words that represents your private key. Note: remember to write down the phrase in the correct order and store it securely.

  3. And that’s it! You can now deposit AVAX and start managing your assets securely. You can send and receive, or buy AVAX using your credit or debit card.

Gem Wallet Onboarding

Download Avalanche (AVAX) Wallet

Download Gem Wallet for Avalanche (AVAX) by following these three steps:

Download Now
onboarding view

1. Get the mobile app and install wallet from App Store, Google Play or our download page as an APK.

recovery phrase screen

2. Create a new wallet via secret phrase and store it securely.


3. Receive or buy Avalanche (AVAX) into your new crypto wallet

Frequently asked questions

AVAX is the native token of the Avalanche blockchain, which is a platform for creating and exchanging digital assets, such as tokens and NFTs, as well as running smart contracts and applications. AVAX is used to secure the network, pay transaction fees, and participate in governance.
Avalanche was launched in September 2020 after a successful public sale that raised $42 million in 4.5 hours.
Avalanche was made by Ava Labs, a team of researchers and developers led by Emin Gün Sirer, a professor of computer science at Cornell University. Ava Labs also includes Kevin Sekniqi, Maofan Yin, and John Wu as co-founders.
Please check your Gem Wallet for the current price of ARB.
Avalanche (AVAX) is a promising project that aims to provide a scalable, secure, and interoperable blockchain platform that can support various applications and use cases. However, investing in any cryptocurrency involves risks and uncertainties, and you should do your own research and analysis before making any investment decisions. You should also only invest what you can afford to lose and be prepared for volatility.