Waves (WAVES) is a decentralized platform that aims to become the "blockchain for the people". This means that Waves wants to make digital currency as accessible as possible for society so that everyone can use digital currency or can issue their own digital currency. Waves wishes to achieve this by offering platforms on which third parties can issue their own digital currency, a decentralized exchange and the anonymization functions that Waves offers.
"The Waves platform is characterized by the following three characteristics:
1. Custom Application Tokens; on the Waves platform it is possible for third parties to issue their own digital currency. This process has been made so easy that everyone should be able to.
2. Decentralized Exchange; on the Waves platform you can trade direcrtly with other people. Your digital currency can remain in your own wallet, so that you remain completely independent.
3. Anonymization functions; on the Waves platform it is possible to perform all actions completely anonymously. This is just not the case if you come across fiat money on the Waves platform.
To use the above functionalities, you must have the Coin Waves. For example, a small fee is requested for each operation, which must be paid in the coin waves."
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 Waves. 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 Waves and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Waves without any technical knowledge. Here is a brief overview of the existing wallet options to store your Waves:
Hosted wallets are wallets where the private keys to your Waves 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 Waves 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 Waves. 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 Waves, and if malicious parties have access to your device, your private keys (and therefore your Waves) can be stolen.
A hardware wallet is a physical device on which you can store your Waves offline. It is one of the safest ways to store your Waves, 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 Waves is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Waves. Once you have purchased Waves on Bitvavo, you can choose to send your Waves from your Bitvavo wallet to your own software or hardware wallet.