Harmony (ONE) is a blockchain platform designed to facilitate the creation and use of decentralised applications (DApps). The network focuses on random state sharding, which allows for creating blocks in seconds while improving network scalability without compromising security or decentralisation. Next to that, Harmony introduces a new version of the proof-of-stake (PoS) consensus, called effective proof-of-stake (EPoS), a method that Harmony claims to reduce centralisation and distribute rewards fairly to thousands of validators. Compared to proof-of-work (PoW) consensus mechanisms, EPoS is designed for faster processing times and improved scalability. The token performs multiple utility functions within the ecosystem, including governance of the platform.
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 Harmony. 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 Harmony and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Harmony without any technical knowledge. Here is a brief overview of the existing wallet options to store your Harmony:
Hosted wallets are wallets where the private keys to your Harmony 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 Harmony 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 Harmony. 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 Harmony, and if malicious parties have access to your device, your private keys (and therefore your Harmony) can be stolen.
A hardware wallet is a physical device on which you can store your Harmony offline. It is one of the safest ways to store your Harmony, 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 Harmony is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Harmony. Once you have purchased Harmony on Bitvavo, you can choose to send your Harmony from your Bitvavo wallet to your own software or hardware wallet.