Litentry is a cross chain identity aggregation protocol. Litentry Network enables digital identity (DID) aggregation, verification, and credit calculation/grading. It aims to mitigate the difficulty of resolving agnostic DID mechanisms by integrating all DID standards into a modularized identity model. These services can be widely implemented in DeFi, on-chain governance, and decentralized KYC. Litentry aims to make to processes of data aggregation and verification transparent, secure, and privacy-preserving.
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 Litentry. 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 Litentry and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Litentry without any technical knowledge. Here is a brief overview of the existing wallet options to store your Litentry:
Hosted Wallet
Hosted wallets are wallets where the private keys to your Litentry 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 Litentry 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 Litentry. 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 Litentry, and if malicious parties have access to your device, your private keys (and therefore your Litentry) can be stolen.
Hardware wallet
A hardware wallet is a physical device on which you can store your Litentry offline. It is one of the safest ways to store your Litentry, 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 Litentry is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Litentry. Once you have purchased Litentry on Bitvavo, you can choose to send your Litentry from your Bitvavo wallet to your own software or hardware wallet.
