Bitvavo makes Gnosis as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
Founded in 2015, Gnosis is a company dedicated to facilitating global access to accurate information through the creation of prediction markets. Gnosis operates as a decentralized autonomous organization (DAO).
GnosisDAO serves as an essential provider of infrastructure for various decentralized applications (dApps). Additionally, it develops products that play a crucial role in shaping the direction of the ecosystem's growth, support, and governance, all while maintaining transparency.
The native cryptocurrency of the Gnosis ecosystem is called GNO. With a total maximum supply of 3,000,000 coins, GNO serves as the currency used to operate and govern the platform. GNO owners gain access to the GnosisDAO platform, where they can actively express their opinions on protocol changes, influence the project's development trajectory, participate in prediction markets, and receive rewards for their contributions.
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 Gnosis. 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 Gnosis and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Gnosis without any technical knowledge. Here is a brief overview of the existing wallet options to store your Gnosis:
Hosted Wallet
Hosted wallets are wallets where the private keys to your Gnosis 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 Gnosis online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
Software wallet
A software wallet is a program installed on your computer or other device in order to use and manage your Gnosis. 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 Gnosis, and if malicious parties have access to your device, your private keys (and therefore your Gnosis) can be stolen.
Hardware wallet
A hardware wallet is a physical device on which you can store your Gnosis offline. It is one of the safest ways to store your Gnosis, 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 Gnosis is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Gnosis. Once you have purchased Gnosis on Bitvavo, you can choose to send your Gnosis from your Bitvavo wallet to your own software or hardware wallet.
