Bitvavo makes Internet Computer 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 Internet Computer?
The Internet Computer is a blockchain hosted on nodes operated by independent parties and located in geographically distributed datacenters. The nodes run the Internet Computer Protocol, a cryptographic fault-tolerant protocol which ensures that smart contracts running on the blockchain cannot be tampered with or stopped. The Internet Computer is composed of individual subnet blockchains running in parallel and connected using chain key cryptography.
Within the Internet Computer ecosystem, Internet Computer Protocol tokens are a native utility token with a value determined on the open market. ICP tokens play a key role in both the governance and the economics of the Internet Computer.
How to buy Internet Computer?
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 Internet Computer. 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 Internet Computer?
Storing Internet Computer and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Internet Computer without any technical knowledge. Here is a brief overview of the existing wallet options to store your Internet Computer:
Hosted wallets are wallets where the private keys to your Internet Computer 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 Internet Computer 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 Internet Computer. 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 Internet Computer, and if malicious parties have access to your device, your private keys (and therefore your Internet Computer) can be stolen.
A hardware wallet is a physical device on which you can store your Internet Computer offline. It is one of the safest ways to store your Internet Computer, 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 Internet Computer is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Internet Computer. Once you have purchased Internet Computer on Bitvavo, you can choose to send your Internet Computer 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.