👛Installing a Wallet
This guide is intended to walk you through selecting and installing a Solana web wallet onto your desktop browser or mobile device.
Understanding Wallets - Why do I need one?
What is a wallet?
A cryptocurrency wallet is a software application that functions as a ‘wallet’ for your cryptocurrency. These wallets can be installed onto desktop computers or mobile devices such as phones or tablets. They require an internet connection to access the native blockchain network for the cryptocurrency you’re using.
Modern cryptocurrency wallets make the blockchain accessible to everyone. They store the ‘keys’ you use to sign any transactions that involve sending and receiving crypto, connecting to a blockchain application, and provide an interface that lets you access and track ownership of your cryptocurrencies. Most importantly they allow you to connect to Aver and authorize any actions you take – for example, placing and cancelling orders. More information on what a cryptocurrency wallet is, and the different types of wallets that exist can be found here.
Remember that you'll need a small amount of SOL in your wallet to complete and authorize any transactions on the Solana blockchain - i.e. transactions on Aver. You can see more details here.
What type of wallet do I need?
The Aver protocol runs on the Solana blockchain. Therefore, you’ll need a Solana Program Library (SPL) wallet to store your funds on the Solana blockchain and interact with Aver.
What are Solana and SOL?
Solana is a fast, secure and censorship resistant blockchain that has an open infrastructure well suited for global adoption. It is also the only blockchain capable of rivalling the speed and throughput of Web2 exchanges (400ms block times, up to 65,000 transactions per second). Compared to other blockchains such as Ethereum, Solana’s transaction costs are miniscule (<$0.0002 currently).
Solana’s native crypto currency is Solana (SOL). SOL is used to reward the ‘nodes’ that operate the network for processing transactions and storing data.
A minuscule amount of SOL (~$0.0025) is required to cover the cost of each transaction and some SOL is required to ‘rent’ the space required to store any information on-chain - you can think of this as a redeemable deposit.
More information on this can be found in the Funding Your Wallet section.
Choosing a wallet
Wallets are easy to download and install.
The type of wallet you require depends on what type of device you’re using to interact with Aver:
For more information on supported wallets, please see the following documentation section:
Installing a Wallet
The two subpages within this section cover the following:
Installing a Desktop Browser Wallet
Installing a Mobile Device Wallet
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