Civic is an identity verification platform based on blockchain that helps businesses with KYC and AML compliance. Civic aims to facilitate and reduce the cost of identity verification service. The CVC token is used to pay for Civic's services and to reward users for using the platform. Civic raised $33 million in an ICO in 2017.
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 Civic. 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 Civic and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Civic without any technical knowledge. Here is a brief overview of the existing wallet options to store your Civic:
Hosted wallets are wallets where the private keys to your Civic 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 Civic 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 Civic. 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 Civic, and if malicious parties have access to your device, your private keys (and therefore your Civic) can be stolen.
A hardware wallet is a physical device on which you can store your Civic offline. It is one of the safest ways to store your Civic, 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 Civic is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Civic. Once you have purchased Civic on Bitvavo, you can choose to send your Civic from your Bitvavo wallet to your own software or hardware wallet.