JasmyCoin (JASMY) is a cryptocurrency initiative by Jasmy Corporation, an IoT (Internet of Things) provider headquartered in Tokyo. IoT refers to a network of internet-connected devices capable of wirelessly sharing data without requiring human intervention. By integrating Blockchain and IoT, JASMY aims to empower individuals with data sovereignty, offering a global, cross-industry platform solution. The project has partnered with major players in the digital industry such as Panasonic and VAIO.
In October 2021, JASMY was launched on the Japanese exchange BITPoint Japan. The primary utility token of the network is based on the ERC-20 token standard on the Ethereum platform. The token can be traded using digital devices like smartphones or laptops. Furthermore, JASMY can be used as proof of value exchange or for payment in assignments and services.
JASMY is often referred to as Japan’s Bitcoin due to being the first cryptocurrency to achieve legal compliance in Japan.
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 JasmyCoin. 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 JasmyCoin and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store JasmyCoin without any technical knowledge. Here is a brief overview of the existing wallet options to store your JasmyCoin:
Hosted Wallet
Hosted wallets are wallets where the private keys to your JasmyCoin 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 JasmyCoin 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 JasmyCoin. 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 JasmyCoin, and if malicious parties have access to your device, your private keys (and therefore your JasmyCoin) can be stolen.
Hardware wallet
A hardware wallet is a physical device on which you can store your JasmyCoin offline. It is one of the safest ways to store your JasmyCoin, 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 JasmyCoin is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive JasmyCoin. Once you have purchased JasmyCoin on Bitvavo, you can choose to send your JasmyCoin from your Bitvavo wallet to your own software or hardware wallet.
