Bitvavo makes Pundi X as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
Pundi X (NPXS) aims to become the largest decentralized network of payment systems worldwide. The motto of Pundi X is therefore "buying digital currencies should be as easy as buying water". Despite the fact that digital currencies are becoming more and more mainstream, it is hardly possible to use digital currencies as a payment method in a store. Pundi X has developed various products that should make it possible to use digital currencies in the future as a means of payment in stores.
To ensure that digital currency can be used as a payment method, Pundi X has developed the following products:
1. The Pundi XPOS System; These are ATMs that can be used by stores too, among other things, accept payments in digital currency. The ATM supports Bitcoin, Ethereum and other ERC20 tokens, NEM, Pundi X, Qtum, Stellar Lumens and more. This digital currency must be stored in one of the wallets that is supported by the Pundi XPOS System and payment can be made with a suitable payment card such as the Pundi X Card.
2. The Pundi X Wallet; This is the wallet developed by the team behind Pundi X. Here you can store many other types of digital currency in addition to Pundi X. In addition, it is also possible to save fiat money in the wallet.
3. The Pundi X Card Payment System; This concerns the payment card issued by the team behind Pundi X. This allows users to make payments in stores with their digital currency.
With the above products, Pundi X wants to make it more accessible for people to pay with digital currencies.
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 Pundi X. 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 Pundi X and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Pundi X without any technical knowledge. Here is a brief overview of the existing wallet options to store your Pundi X:
Hosted wallets are wallets where the private keys to your Pundi X 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 Pundi X 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 Pundi X. 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 Pundi X, and if malicious parties have access to your device, your private keys (and therefore your Pundi X) can be stolen.
A hardware wallet is a physical device on which you can store your Pundi X offline. It is one of the safest ways to store your Pundi X, 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 Pundi X is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Pundi X. Once you have purchased Pundi X on Bitvavo, you can choose to send your Pundi X from your Bitvavo wallet to your own software or hardware wallet.