Stacks is a blockchain linked to Bitcoin by its consensus mechanism that spans the two chains, called Proof of Transfer. This enables Stacks to leverage Bitcoin’s security and enables Stacks apps to use Bitcoin’s state, despite being a separate blockchain. Stacks was built to enable DeFi on Bitcoin and to build DeFi applications leveraging the security and robustness of Bitcoin itself.
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 Stacks. 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 Stacks and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Stacks without any technical knowledge. Here is a brief overview of the existing wallet options to store your Stacks:
Hosted Wallet
Hosted wallets are wallets where the private keys to your Stacks 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 Stacks 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 Stacks. 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 Stacks, and if malicious parties have access to your device, your private keys (and therefore your Stacks) can be stolen.
Hardware wallet
A hardware wallet is a physical device on which you can store your Stacks offline. It is one of the safest ways to store your Stacks, 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 Stacks is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Stacks. Once you have purchased Stacks on Bitvavo, you can choose to send your Stacks from your Bitvavo wallet to your own software or hardware wallet.