Bitvavo makes Nebulas as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
Nebulas (NAS) is an open-source smart contract platform, founded in 2017 and is also called the "Google of the blockchain". Where Google serves as a search engine on the internet to find the desired information or the right product, Nebulas wants to fulfill the same function on the blockchain. This is necessary now that there are many different blockchains where it is not easy to search all the blockchains for the decentralized application or other application in one go. With Nebulas it should be possible to easily search for the desired decentralized application or other application on all blockchains.
Nebulas has developed an open-source algorithm that provides insight into all decentralized applications and other applications on different blockchains. Here, decentralized applications are ranked based on the following criteria:
1. Liquidity; here the values passed through the decentralized application are considered.
2. Use; this involves looking at how much a decentralized application is used, how much the number of users is increasing and how much is spoken about the decentralized application.
3. Ease of use; this involves looking at the possibilities for interaction between the decentralized application and other decentralized applications.
Based on the above criteria, among other things, Nebulas tries to make an estimate of which decentralized applications are used most and therefore probably best fit your needs.The coin belonging to Nebulas is NAS. This coin can be used indoors for executing transactions in the decentralized applications that are built on the Nebulas network. In addition, developers of decentralized applications are rewarded in the form of NAS.
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 Nebulas. 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 Nebulas and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Nebulas without any technical knowledge. Here is a brief overview of the existing wallet options to store your Nebulas:
Hosted wallets are wallets where the private keys to your Nebulas 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 Nebulas 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 Nebulas. 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 Nebulas, and if malicious parties have access to your device, your private keys (and therefore your Nebulas) can be stolen.
A hardware wallet is a physical device on which you can store your Nebulas offline. It is one of the safest ways to store your Nebulas, 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 Nebulas is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Nebulas. Once you have purchased Nebulas on Bitvavo, you can choose to send your Nebulas from your Bitvavo wallet to your own software or hardware wallet.