Euro Coin (EUROC) is a stable coin created by Circle. It is designed for stability, and according to Circle, Euro Coin is 100% backed by euros held in euro-denominated banking accounts so that it’s always redeemable 1:1 for euros. It's designed in the same full-reserve model as USD Coin (USDC), which is a stable coin backed by dollars.
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 Euro Coin. 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 Euro Coin and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Euro Coin without any technical knowledge. Here is a brief overview of the existing wallet options to store your Euro Coin:
Hosted wallets are wallets where the private keys to your Euro Coin 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 Euro Coin 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 Euro Coin. 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 Euro Coin, and if malicious parties have access to your device, your private keys (and therefore your Euro Coin) can be stolen.
A hardware wallet is a physical device on which you can store your Euro Coin offline. It is one of the safest ways to store your Euro Coin, 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 Euro Coin is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Euro Coin. Once you have purchased Euro Coin on Bitvavo, you can choose to send your Euro Coin from your Bitvavo wallet to your own software or hardware wallet.