Bitvavo makes ARPA as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
ARPA Network (ARPA) is a decentralized network focused on enhancing the fairness, security, and privacy of blockchains. It achieves this through its threshold BLS signature network, which serves as the foundation for various functionalities such as verifiable Random Number Generator (RNG), secure wallet, cross-chain bridge, and decentralized custody across multiple blockchains.
The ARPA token, based on the Ethereum blockchain, powers the ARPA Chain. This computation network enables the execution of privacy-preserving smart contracts, data storage, and scalable off-chain transactions. In addition to its utility in governing the network's future, the ARPA token can also be used as a means of payment for data and computation services within the network.
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store ARPA. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
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 ARPA and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store ARPA without any technical knowledge. Here is a brief overview of the existing wallet options to store your ARPA:
Hosted wallets are wallets where the private keys to your ARPA 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 ARPA 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 ARPA. 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 ARPA, and if malicious parties have access to your device, your private keys (and therefore your ARPA) can be stolen.
A hardware wallet is a physical device on which you can store your ARPA offline. It is one of the safest ways to store your ARPA, 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 ARPA is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive ARPA. Once you have purchased ARPA on Bitvavo, you can choose to send your ARPA from your Bitvavo wallet to your own software or hardware wallet.