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Bitvavo makes Ark as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
Ark (ARK) is a fork of Lisk. This fork came about because the developers of ARK thought they could develop a better version of Lisk that works more user-friendly and develops faster. Among other things, this has been achieved with the SmartBridge technology that ARK has developed. This makes it possible to link different blockchains together. ARK therefore has the objective of developing a decentralized ecosystem of linked blockchains in which ARK is the focal point.
Like other digital currencies, you can use ARK to send values within the ARK network. In addition, the ARK has succeeded in connecting different types of blockchains with their unique software, the SmartBridge technology. This also makes it possible to exchange values over different blockchains. To make ARK truly accessible to society, ARK has developed "smart cards". These are physical cards that allow people to make wireless payments with ARK or other digital currencies. ARK uses a Delegated Proof-of-Stake mechanism to process transactions.
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
Create a free account with which you can buy, sell, send, receive and store Ark. Access your Bitvavo account from every location, on mobile and desktop.
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
Storing Ark and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Ark without any technical knowledge. Here is a brief overview of the existing wallet options to store your Ark:
Hosted wallets are wallets where the private keys to your Ark are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your Ark online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your Ark. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your Ark, and if malicious parties have access to your device, your private keys (and therefore your Ark) can be stolen.
A hardware wallet is a physical device on which you can store your Ark offline. It is one of the safest ways to store your Ark, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your Ark is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Ark. Once you have purchased Ark on Bitvavo, you can choose to send your Ark from your Bitvavo wallet to your own software or hardware wallet.
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