The ILV token has a number of uses within the Illuvium game ecosystem. It’s the main token used to reward players for their in-game achievements, entitles players to their share of the Illuvium Vault and is used for participating in the governance of the game via the Illuvium decentralized autonomous organization (DAO). Illuvium is an open-world fantasy battle game built on the Ethereum blockchain.
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 Illuvium. 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 Illuvium and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Illuvium without any technical knowledge. Here is a brief overview of the existing wallet options to store your Illuvium:
Hosted wallets are wallets where the private keys to your Illuvium 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 Illuvium 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 Illuvium. 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 Illuvium, and if malicious parties have access to your device, your private keys (and therefore your Illuvium) can be stolen.
A hardware wallet is a physical device on which you can store your Illuvium offline. It is one of the safest ways to store your Illuvium, 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 Illuvium is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Illuvium. Once you have purchased Illuvium on Bitvavo, you can choose to send your Illuvium from your Bitvavo wallet to your own software or hardware wallet.