Kakao’s public blockchain project Klaytn is an enterprise-grade, service-centric platform that aims to create a user-friendly blockchain experience. It combines features of both public blockchains (decentralized data & control, distributed governance) and private blockchains (low latency, high scalability) via a 'hybrid' design. Klaytn is secured by participation from numerous brands around the globe, working together to create a reliable business platform atop a system of decentralized trust.
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 Klaytn. 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 Klaytn and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Klaytn without any technical knowledge. Here is a brief overview of the existing wallet options to store your Klaytn:
Hosted Wallet
Hosted wallets are wallets where the private keys to your Klaytn 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 Klaytn 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 Klaytn. 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 Klaytn, and if malicious parties have access to your device, your private keys (and therefore your Klaytn) can be stolen.
Hardware wallet
A hardware wallet is a physical device on which you can store your Klaytn offline. It is one of the safest ways to store your Klaytn, 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 Klaytn is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Klaytn. Once you have purchased Klaytn on Bitvavo, you can choose to send your Klaytn from your Bitvavo wallet to your own software or hardware wallet.
