POLYX is the native token of Polymesh. POLYX is used for paying transaction fees as well as other functions such as voting on governance proposals or staking on node operators. Polymesh is a blockchain built specifically for regulated assets. It streamlines processes and opens the door to new financial instruments by solving challenges around governance, identity, compliance, confidentiality, and settlement.
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 Polymesh. 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 Polymesh and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Polymesh without any technical knowledge. Here is a brief overview of the existing wallet options to store your Polymesh:
Hosted wallets are wallets where the private keys to your Polymesh 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 Polymesh 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 Polymesh. 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 Polymesh, and if malicious parties have access to your device, your private keys (and therefore your Polymesh) can be stolen.
A hardware wallet is a physical device on which you can store your Polymesh offline. It is one of the safest ways to store your Polymesh, 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 Polymesh is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Polymesh. Once you have purchased Polymesh on Bitvavo, you can choose to send your Polymesh from your Bitvavo wallet to your own software or hardware wallet.