Bitvavo makes Waltonchain as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
What is Waltonchain?
Waltonchain (WTC) is a platform that wants to create a transparent supplier management system using RFID technology. This allows the history of the product to be viewed so that it is always clear who produced a product, where it is stored, how it is transported and when it arrived at the destination. Besides that it can be useful for large organizations to have better insight into their own logistics processes. The type of data can also be useful for consumers so that they have better insights into where their food or a certain medicine comes from or when it was made.
How does Waltonchain work?
To make the management system, on which data from suppliers is made transparent, WaltconChain combines blockchain technology with RFID technology. RFID technology stands for Radio Frequency Identification, which makes it possible to read information remotely by means of small tags or chips. This technology is also used with OV chip cards and contactless debit cards. These tags or chips can be placed in any desired product, making it possible to keep track of exactly what is happening with the product. You can choose to put this information on a private or public blockchain, so that the information is partially or entirely publicly accessible.
There are costs associated with the use of such a private or public blockchain by means of storing data. These must be paid in Waltonchain coin.
How to buy Waltonchain?
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 Waltonchain. 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.
How to store Waltonchain?
Storing Waltonchain and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Waltonchain without any technical knowledge. Here is a brief overview of the existing wallet options to store your Waltonchain:
Hosted wallets are wallets where the private keys to your Waltonchain 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 Waltonchain 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 Waltonchain. 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 Waltonchain, and if malicious parties have access to your device, your private keys (and therefore your Waltonchain) can be stolen.
A hardware wallet is a physical device on which you can store your Waltonchain offline. It is one of the safest ways to store your Waltonchain, 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 Waltonchain is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Waltonchain. Once you have purchased Waltonchain on Bitvavo, you can choose to send your Waltonchain from your Bitvavo wallet to your own software or hardware wallet.
Direct Euro Transfers
Buying digital assets with Euros has never been easier. Bitvavo supports 8 payment methods, including SEPA for instant transfers.