Buy Komodo

Komodo Platform (KMD) originated in 2016 from a so-called "hard fork" of Zcash. Komodo is a privacy and security focused platform that allows its users to perform fast and anonymous transactions. In addition, the platform offers the possibility of building decentralized applications (DApps), smart contracts and tokens. The Delayed Proof-of-Work (DPoW) algorithm is used to reach consensus on the Komodo blockchain.

build DApps, smart contracts and tokens. Users can easily distribute these tokens via an ICO. The Komodo platform uses the same protocol as Zcash, with Delayed Proof-of-Work and SuperNET added. SuperNET is a decentralized organization that focuses on creating open-source tools such as BarterDEX, a decentralized exchange that makes it possible to exchange cryptocurrency via Atomic Swaps.

Bitvavo makes it as easy as possible to buy the currency of the future.

1. Sign Up
Create a free account with which you can buy, sell, send, receive and store Komodo. Access your Bitvavo wallet from every location, both mobile and desktop.

2. Transfer Funds
Transfer euros to your Bitvavo wallet using one of the 8 supported payment methods, including Credit Card. Instantly buy Komodo, once the payment is processed.

3. Trade
Buy or sell over 50 digital assets and pay a maximum trading fee of 0.25%. Send Komodo to an external wallet or store them on your Bitvavo wallet.

You need a wallet in order to store and use Komodo. There are several options for saving and using Komodo.

Hosted Wallet
Hosted wallets are wallets where the access keys to your Komodo are managed by a third party such as Bitvavo. Access to your account is protected by a password, and possibly other advanced security methods. Once you are logged in, you can easily and conveniently manage your Komodo online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform. Click here for more information about how Bitvavo saves your digital assets as securely as possible.

Software wallet
A software wallet is a program installed on your computer or any other desired device in order to use and manage your Komodo. By using a software wallet, you have full control over your "private keys" (and therefore your Komodo), so you are not dependent on third parties such as Bitvavo. The software wallet simplifies the process of accessing your Komodo. The risk is that if malicious parties have access to your device, your private keys (and therefore your Komodo) can be stolen.

Hardware wallet
A hardware wallet is a physical device on which you can store your Komodo offline. It is one of the safest ways to store your Komodo, because the private keys are stored on a seperate, offline, device. Access to this device is often protected by a password. In that respect, a hardware wallet can be compared to a safe in which your Komodo are stored.

You can use a hosted wallet, as offered by Bitvavo, to easily store, send and receive Komodo. However, you are, just like at a bank, dependent on a third party (Bitvavo) for storing your Komodo.

One of the advantages of Komodo is that you can send, receive and store your own digital assets without the relying on third parties. You do this by sending your Komodo, from your Bitvavo wallet, to your own software or hardware wallet.