Bitvavo makes Curve DAO Token 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 Curve DAO Token?
Curve (CRV) is the token powering Curve.fi, an exchange liquidity pool on Ethereum designed for efficient stablecoin trading and low risk fee income for liquidity providers. Curve allows users and smart contracts to trade between DAI and USDC with an algorithm designed specifically for stablecoins and earn fees. The CRV token can be locked for up to four years to participate in the project's governance and to receive protocol rewards.
How to buy Curve DAO Token?
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 Curve DAO Token. 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 Curve DAO Token?
Storing Curve DAO Token and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Curve DAO Token without any technical knowledge. Here is a brief overview of the existing wallet options to store your Curve DAO Token:
Hosted wallets are wallets where the private keys to your Curve DAO Token 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 Curve DAO Token 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 Curve DAO Token. 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 Curve DAO Token, and if malicious parties have access to your device, your private keys (and therefore your Curve DAO Token) can be stolen.
A hardware wallet is a physical device on which you can store your Curve DAO Token offline. It is one of the safest ways to store your Curve DAO Token, 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 Curve DAO Token is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Curve DAO Token. Once you have purchased Curve DAO Token on Bitvavo, you can choose to send your Curve DAO Token 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.