Cronos (CRO) is the native token of the Cronos Chain and Crypto.org Chain. Originally known as Crypto.com Coin, Cronos is an Ethereum-compatible blockchain network built on Cosmos SDK technology. Cronos is an open-source and permission-less chain that aims to scale the DeFi, GameFi, and overall Web3 user community by providing developers with the ability to instantly port apps and crypto assets from other chains while benefiting from low transaction fees, high throughput, and fast finality.
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 Cronos. 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 Cronos and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Cronos without any technical knowledge. Here is a brief overview of the existing wallet options to store your Cronos:
Hosted wallets are wallets where the private keys to your Cronos 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 Cronos 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 Cronos. 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 Cronos, and if malicious parties have access to your device, your private keys (and therefore your Cronos) can be stolen.
A hardware wallet is a physical device on which you can store your Cronos offline. It is one of the safest ways to store your Cronos, 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 Cronos is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Cronos. Once you have purchased Cronos on Bitvavo, you can choose to send your Cronos from your Bitvavo wallet to your own software or hardware wallet.