HBAR is the native cryptocurrency of the Hedera public network. HBARs are used to power decentralized applications and protect the network from malicious actors. Developers use HBARs to pay for network services, such as transfers, token management, and data logging. For each transaction submitted to the network, HBARs are used to compensate network nodes for bandwidth, compute, and storage. Hedera’s proof-of-stake public network also uses HBARs staking to weight votes on transactions when reaching consensus.
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 Hedera. 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 Hedera and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Hedera without any technical knowledge. Here is a brief overview of the existing wallet options to store your Hedera:
Hosted Wallet
Hosted wallets are wallets where the private keys to your Hedera 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 Hedera online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
Software wallet
A software wallet is a program installed on your computer or other device in order to use and manage your Hedera. 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 Hedera, and if malicious parties have access to your device, your private keys (and therefore your Hedera) can be stolen.
Hardware wallet
A hardware wallet is a physical device on which you can store your Hedera offline. It is one of the safest ways to store your Hedera, 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 Hedera is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Hedera. Once you have purchased Hedera on Bitvavo, you can choose to send your Hedera from your Bitvavo wallet to your own software or hardware wallet.
