SPACE ID (ID) is building a universal name service network with a one-stop identity platform to discover, register, trade, manage web3 domains. It aims to turn addresses into easy to read web3.0 domains.
The ID token is the governance token of SPACE ID. Its purpose is to give users a voice and influence in shaping the project's direction and future. By holding ID tokens, users actively participate in the decision-making process of SPACE ID. These tokens are crucial for the growth and long-term sustainability of the SPACE ID ecosystem, as they encourage users to actively engage with the project and contribute to its overall success.
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 SPACE ID. 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 SPACE ID and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store SPACE ID without any technical knowledge. Here is a brief overview of the existing wallet options to store your SPACE ID:
Hosted wallets are wallets where the private keys to your SPACE ID 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 SPACE ID 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 SPACE ID. 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 SPACE ID, and if malicious parties have access to your device, your private keys (and therefore your SPACE ID) can be stolen.
A hardware wallet is a physical device on which you can store your SPACE ID offline. It is one of the safest ways to store your SPACE ID, 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 SPACE ID is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive SPACE ID. Once you have purchased SPACE ID on Bitvavo, you can choose to send your SPACE ID from your Bitvavo wallet to your own software or hardware wallet.