Bitvavo makes Clover Finance as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
What is Clover Finance?
Clover is a Polkadot parachain committed to providing easy-to-use blockchain infrastructure and creating a one-stop comprehensive infrastructure platform, which aims to reduce the threshold and cost for developers. It is essentially a Blockchain Operating System which contains a storage layer, smart contract layer, Defi protocol layer and eApp layer.
How to buy Clover Finance?
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 Clover Finance. 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.
How to store Clover Finance?
Storing Clover Finance and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Clover Finance without any technical knowledge. Here is a brief overview of the existing wallet options to store your Clover Finance:
Hosted wallets are wallets where the private keys to your Clover Finance 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 Clover Finance 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 Clover Finance. 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 Clover Finance, and if malicious parties have access to your device, your private keys (and therefore your Clover Finance) can be stolen.
A hardware wallet is a physical device on which you can store your Clover Finance offline. It is one of the safest ways to store your Clover Finance, 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 Clover Finance is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Clover Finance. Once you have purchased Clover Finance on Bitvavo, you can choose to send your Clover Finance from your Bitvavo wallet to your own software or hardware wallet.
Direct Euro Transfers
Buying digital assets with Euros has never been easier. Bitvavo supports 8 payment methods, including SEPA for instant transfers.