Bitvavo makes Alpha Finance Lab 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 Alpha Finance Lab?
Alpha Finance Lab is a DeFi Lab creating products as part of the Alpha Universe. The main product of the Alpha Universe is Alpha Homora, a protocol designed to leverage a position in yield farming pools, allowing lenders and yield farmers to increase their APY. Alpha Finance Lab also operate its own launchpad incubator program. Staking ALPHA allows users to earn fees from the Alpha ecosystem and unlocks unique feature on Alpha's products.
How to buy Alpha Finance Lab?
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 Alpha Finance Lab. 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 Alpha Finance Lab?
Storing Alpha Finance Lab and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Alpha Finance Lab without any technical knowledge. Here is a brief overview of the existing wallet options to store your Alpha Finance Lab:
Hosted wallets are wallets where the private keys to your Alpha Finance Lab 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 Alpha Finance Lab 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 Alpha Finance Lab. 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 Alpha Finance Lab, and if malicious parties have access to your device, your private keys (and therefore your Alpha Finance Lab) can be stolen.
A hardware wallet is a physical device on which you can store your Alpha Finance Lab offline. It is one of the safest ways to store your Alpha Finance Lab, 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 Alpha Finance Lab is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Alpha Finance Lab. Once you have purchased Alpha Finance Lab on Bitvavo, you can choose to send your Alpha Finance Lab 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.