Bitvavo makes The Sandbox 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 The Sandbox?
The Sandbox is a virtual world built on the Ethereum blockchain where players can build, own, and monetize their gaming experiences. Players can create digital assets in the form of Non-Fungible Tokens (NFTs), and upload them to the marketplace. SAND is the utility token used throughout The Sandbox ecosystem as the basis of transactions and interactions. It is an ERC-20 utility token built on the Ethereum blockchain and there is a finite supply of 3,000,000,000 SAND.
How to buy The Sandbox?
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 The Sandbox. 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 The Sandbox?
Storing The Sandbox and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store The Sandbox without any technical knowledge. Here is a brief overview of the existing wallet options to store your The Sandbox:
Hosted wallets are wallets where the private keys to your The Sandbox 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 The Sandbox 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 The Sandbox. 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 The Sandbox, and if malicious parties have access to your device, your private keys (and therefore your The Sandbox) can be stolen.
A hardware wallet is a physical device on which you can store your The Sandbox offline. It is one of the safest ways to store your The Sandbox, 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 The Sandbox is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive The Sandbox. Once you have purchased The Sandbox on Bitvavo, you can choose to send your The Sandbox 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.