Bitvavo makes Ethereum Name Service 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 Ethereum Name Service?
Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. The protocol allows people to use easy-to-remember domain names for their cryptocurrency addresses, ENS translates these names into machine-readable addresses. ENS is a governance token for the ENS DAO, and enables holders to participate in the decision-making process of the protocol.
How to buy Ethereum Name Service?
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 Ethereum Name Service. 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 Ethereum Name Service?
Storing Ethereum Name Service and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Ethereum Name Service without any technical knowledge. Here is a brief overview of the existing wallet options to store your Ethereum Name Service:
Hosted wallets are wallets where the private keys to your Ethereum Name Service 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 Ethereum Name Service 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 Ethereum Name Service. 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 Ethereum Name Service, and if malicious parties have access to your device, your private keys (and therefore your Ethereum Name Service) can be stolen.
A hardware wallet is a physical device on which you can store your Ethereum Name Service offline. It is one of the safest ways to store your Ethereum Name Service, 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 Ethereum Name Service is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Ethereum Name Service. Once you have purchased Ethereum Name Service on Bitvavo, you can choose to send your Ethereum Name Service 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.