Enzyme is a decentralised asset management infrastructure built on Ethereum. Using Enzyme Smart Vaults, users can build, scale and monetise investment strategies that employ the newest innovations in decentralised finance. Enzyme Finance was formerly known as Melon Protocol. The token has a new icon and name, but the MLN ticker and contract address stays the same. MLN is used to pay for various functions throughout the vault creation process and investment lifecycle.
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 Enzyme. 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 Enzyme and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Enzyme without any technical knowledge. Here is a brief overview of the existing wallet options to store your Enzyme:
Hosted wallets are wallets where the private keys to your Enzyme 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 Enzyme 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 Enzyme. 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 Enzyme, and if malicious parties have access to your device, your private keys (and therefore your Enzyme) can be stolen.
A hardware wallet is a physical device on which you can store your Enzyme offline. It is one of the safest ways to store your Enzyme, 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 Enzyme is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Enzyme. Once you have purchased Enzyme on Bitvavo, you can choose to send your Enzyme from your Bitvavo wallet to your own software or hardware wallet.