XYO (XYO) is a technology protocol designed to improve the validity, certainty, and value of data. The goal of the XYO Network is to create a trustless, decentralized system of location oracles that is resistant to attack and produces the highest certainty possible when queried for available data. XYO aims to accomplish this through a set of abstractions that greatly reduces the risk of location spoofing through a chain of zero-knowledge proofs along the components of the system. The XYO Network has 4 distinct components: Sentinels, Bridges, Archivists, and Diviners. Together, the components provide a fully decentralized network capable of combining cryptographic security with real-world data.
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 XYO. 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 XYO and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store XYO without any technical knowledge. Here is a brief overview of the existing wallet options to store your XYO:
Hosted Wallet
Hosted wallets are wallets where the private keys to your XYO 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 XYO 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 XYO. 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 XYO, and if malicious parties have access to your device, your private keys (and therefore your XYO) can be stolen.
Hardware wallet
A hardware wallet is a physical device on which you can store your XYO offline. It is one of the safest ways to store your XYO, 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 XYO is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive XYO. Once you have purchased XYO on Bitvavo, you can choose to send your XYO from your Bitvavo wallet to your own software or hardware wallet.
