Bitvavo makes Decentraland 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 Decentraland?
Decentraland is a decentralized virtual reality platform powered by the Ethereum blockchain. Within the Decentraland platform, users can create, experience, and monetize their content and applications. The finite, traversable, 3D virtual space within Decentraland is called LAND, a non-fungible digital asset (ERC-721) maintained in an Ethereum smart contract. Land is divided into parcels that are identified by cartesian coordinates (x,y). These parcels are permanently owned by members of the community and are purchased using MANA, Decentraland’s ERC-20 cryptocurrency token.
How to buy Decentraland?
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 Decentraland. 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 Decentraland?
Storing Decentraland and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Decentraland without any technical knowledge. Here is a brief overview of the existing wallet options to store your Decentraland:
Hosted wallets are wallets where the private keys to your Decentraland 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 Decentraland 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 Decentraland. 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 Decentraland, and if malicious parties have access to your device, your private keys (and therefore your Decentraland) can be stolen.
A hardware wallet is a physical device on which you can store your Decentraland offline. It is one of the safest ways to store your Decentraland, 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 Decentraland is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Decentraland. Once you have purchased Decentraland on Bitvavo, you can choose to send your Decentraland 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.