The Solar (SXP) Token is the native cryptocurrency that powers the Solar ecosystem of products and governs the decentralized protocols. Solar offers a multi-asset wallet and a debit card which can be used to spend cryptocurrencies, and the SXP token is also used to pay fees on the Solar platform.
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 Solar. 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 Solar and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Solar without any technical knowledge. Here is a brief overview of the existing wallet options to store your Solar:
Hosted wallets are wallets where the private keys to your Solar 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 Solar 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 Solar. 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 Solar, and if malicious parties have access to your device, your private keys (and therefore your Solar) can be stolen.
A hardware wallet is a physical device on which you can store your Solar offline. It is one of the safest ways to store your Solar, 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 Solar is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Solar. Once you have purchased Solar on Bitvavo, you can choose to send your Solar from your Bitvavo wallet to your own software or hardware wallet.