Optimism (OP) is a low-cost and lightning-fast second layer (L2) for the Ethereum blockchain, based on optimistic roll-up technology. Optimism released its governance token on 31 May 2022. Since Optimism’s technology can follow most of Ethereum’s logic, all Ethereum-based smart contracts can be deployed on Optimism to take advantage of the platform's higher transaction speed and cheaper gas fees. The Optimism Foundation is a nonprofit organization dedicated to growing the Optimism Collective. It is said that until their project is fully decentralised, they will be donating all profits towards scaling and sustaining public goods.
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 Optimism. 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 Optimism and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Optimism without any technical knowledge. Here is a brief overview of the existing wallet options to store your Optimism:
Hosted Wallet
Hosted wallets are wallets where the private keys to your Optimism 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 Optimism 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 Optimism. 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 Optimism, and if malicious parties have access to your device, your private keys (and therefore your Optimism) can be stolen.
Hardware wallet
A hardware wallet is a physical device on which you can store your Optimism offline. It is one of the safest ways to store your Optimism, 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 Optimism is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Optimism. Once you have purchased Optimism on Bitvavo, you can choose to send your Optimism from your Bitvavo wallet to your own software or hardware wallet.
