The Arweave protocol allows users to store data in a permanent and decentralized way by matching people who have hard drive space to spare with individuals and organizations that need to store data or host content permanently. Arweave also operates the "permaweb", a permanent and decentralized web built on top of the Arweave protocol that can host web applications. The AR token is used to pay for storage services.
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 Arweave. 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 Arweave and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Arweave without any technical knowledge. Here is a brief overview of the existing wallet options to store your Arweave:
Hosted wallets are wallets where the private keys to your Arweave 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 Arweave 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 Arweave. 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 Arweave, and if malicious parties have access to your device, your private keys (and therefore your Arweave) can be stolen.
A hardware wallet is a physical device on which you can store your Arweave offline. It is one of the safest ways to store your Arweave, 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 Arweave is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Arweave. Once you have purchased Arweave on Bitvavo, you can choose to send your Arweave from your Bitvavo wallet to your own software or hardware wallet.