Reef is a cross-chain DeFi operating system built on Polkadot. With a seamless user interface, Reef offers its users a smart liquidity aggregator and yield engine that enables trading with access to liquidity from both centralized and decentralized exchanges while offering smart lending, borrowing, staking, mining through the AI driven personalized Reef Yield Engine.
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 Reef. 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 Reef and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Reef without any technical knowledge. Here is a brief overview of the existing wallet options to store your Reef:
Hosted wallets are wallets where the private keys to your Reef 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 Reef 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 Reef. 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 Reef, and if malicious parties have access to your device, your private keys (and therefore your Reef) can be stolen.
A hardware wallet is a physical device on which you can store your Reef offline. It is one of the safest ways to store your Reef, 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 Reef is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Reef. Once you have purchased Reef on Bitvavo, you can choose to send your Reef from your Bitvavo wallet to your own software or hardware wallet.