1 AR = €1.86 Euro 1 EUR Euro = 0.5366 AR
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View ChartArweave is software designed to permanently store files across a distributed network of computers. The project’s aim is to create something akin to the fabled Library of Alexandria: an everlasting digital archive.
In this respect, Arweave shares many similarities with other decentralised storage platforms such as Filecoin and Sia, both of which also use cryptocurrencies to create marketplaces where users can buy and sell data storage services.
Like these ambitious protocols, Arweave is also seeking to disrupt a market dominated by existing storage giants such as Google, Amazon, and Microsoft.
The company was founded in 2017 as Archain and changed its name to Arweave in 2018 while completing the Techstars Berlin mentorship programme. The company’s mission is to make permanent, low-cost storage a reality. It aims to accomplish this with the Arweave network, which uses a block-based data structure called a ‘blockweave’.
The Arweave blockweave underpins the Arweave Permaweb: an array of data, websites and applications hosted on the blockweave. As the Arweave protocol is built on top of the HTTP protocol, the Permaweb can be accessed via modern web browsers such as Brave or Google Chrome. The Arweave protocol enables individuals with spare hard drive space to store data on the network in perpetuity in exchange for AR tokens. Arweave anticipates that the cost of storage will continue to decrease, and it uses a formula to calculate the cost of storing a particular piece of data. All of Arweave’s assumptions can be found in its Yellow Paper.
The Arweave mainnet was launched in June 2018 with a select group of 1,800 hand-picked participants from various countries. Prior to this, the Arweave team conducted an initial token sale limited to whitelisted individuals.
In November 2019, Arweave secured $5 million in funding from several venture capital firms in exchange for $5 million worth of AR tokens. Six months later, the Arweave team raised a further $8.3 million in exchange for AR tokens. Following this round, however, the firm stated that it would use the new funds to incentivise community adoption and growth.
AR is the currency of the Arweave network.
Users who wish to store data must buy AR to pay for distributed data storage, and computers on the network that provide storage services must accept payment in AR tokens.
Of note for investors is that the number of AR tokens in circulation is limited to 66 million units. The first tranche of AR cryptocurrency was created in June 2018 when Arweave was launched. At that time, 55 million AR tokens were created.
An additional 11 million AR tokens are scheduled to be gradually released to the computers performing storage services on the network.
The easiest way to buy Arweave (AR) is through a crypto exchange like BTCC. BTCC makes purchasing Arweave (AR) easy and accessible whether you use fiat currency or crypto. Trusted by over 9.1 million investors across 100 countries, BTCC is dedicated to offering excellent crypto trading service for all trades. If you’re ready to dive in and make your first Arweave (AR) purchase, register with BTCC today.
To minimize trading costs, market participants should prioritize exchanges offering competitive “maker/taker” fee structures.
BTCC—Recognized as one of the industry’s lowest-fee cryptocurrency exchanges, particularly for derivatives trading—offers futures trading fees as low as 0.01%. This cost efficiency makes BTCC a preferred venue for high-frequency and high-volume traders seeking to optimize capital preservation.
Most major, regulated exchanges support buying AR with EUR. The best platform for you depends on your chosen deposit method.
BTCC is a reliable veteran exchange that has been operating since 2011. You can easily deposit fiat currency via credit cards or bank transfers to buy USDT. Once your account is funded, you can instantly swap to AR/USDT pairs.
To quickly convert AR to EUR, you'll need a platform that offers ""instant exchange"" or ""one-click sell"" features—ideally one that supports Interac e-Transfer for fast withdrawals to your Canadian bank account.
The cryptocurrency calculator and exchange tool on BTCC provides instant valuations for exchanging AR for EUR. As a long-standing exchange with robust reserves, it’s a go-to for many Canadians looking for a seamless ""crypto-to-loonie"" experience.
To help users grasp the ""real-world"" value of Arweave, BTCC allows you to compare your AR balance to everyday expenses, such as a monthly Canadian salary, a new iPhone, or a barrel of crude oil. For new investors in Canada trying to assess their actual purchasing power, this contextual data is incredibly helpful.
Trading AR/EUR involves speculating on its price movement. Follow these steps to start:
Fund Your Account: Deposit EUR or AR into your BTCC account.
Navigate to the Market: Go to the "Trade" section and select the AR/EUR trading pair.
Analyze the Chart: Use our professional trading charts and indicators to inform your decision.
Place Your Trade Order:
To Buy (Go Long): If you think the price will rise, place a buy order.
To Sell (Go Short): If you think the price will fall, open a short position (available in derivatives trading, such as futures).
Set Order Parameters: Choose between Market, Limit, or Stop orders based on your strategy, enter the amount, and confirm the order.
Manage Your Trade: Monitor your open positions and use Stop-Loss/Take-Profit orders to manage risk automatically.
For detailed guides on each order type and risk management, please visit our Help Centre
Yes, absolutely. BTCC supports multiple methods to gain exposure to Arweave(AR) using EUR, from simple purchases to advanced trading strategies.
You can:
Buy Instantly: Use our "Buy Crypto" feature with a linked debit/credit card or bank transfer to purchase Arweave directly.
Trade on the Spot Market: Deposit EUR and place a buy order on the AR/EUR spot trading pair using market or limit orders, taking direct ownership of the AR.
Trade AR/EUR Futures: For more advanced strategies, you can trade AR/EUR perpetual or dated futures contracts. This allows you to speculate on Arweave's future price movements with leverage, enabling potential profits from both rising and falling markets without needing to hold the underlying asset directly.
To perform your AR to EUR conversion on BTCC:
Sign in to your account, or create a new BTCC account if needed.
Go to the trading interface and select the AR/EUR trading pair.
Input the specific amount of Arweave you wish to sell.
Verify the displayed exchange rate and your final EUR total.
Confirm and finalize the sell transaction.
Following these steps, your EUR balance will be updated instantly.
Our converter tool is designed for quick calculations. Here's how to use it:
Locate the 'Crypto Converter' section on our website or in the app.
Enter the amount of the AR you want to convert in the first field.
The equivalent value in EUR will be instantly calculated and displayed in the second field, using the latest live market rate.
The AR/EUR exchange rate is the current market price at which 1 Arweave(AR) can be exchanged for EUR. Put simply, it tells you how many EUR one Arweave is worth at any given moment.
Currently, one Arweave is €1.86. Due to the 24/7 nature of the global cryptocurrency market, the price of 1 Arweave (AR) in EUR is constantly changing. To see the live price, please check the market data section at the top of our platform or visit our AR to EUR converter.