Worldcoin was founded in 2020 by Alex Blania and Sam Altman. Their ambition is to create a new identity and financial network owned by everyone. Worldcoin believes that if their project is successful, they can increase economic opportunity, scale a reliable solution for distinguishing humans from AI online while preserving privacy, enable global democratic processes, and eventually show a potential path to AI-funded Universal Basic Income.
Worldcoin consists of a privacy-preserving digital identity (World ID) and, where laws allow, a digital currency (WLD) received simply for being human. At the moment of writing, Worldcoin has only 1% of WLD in circulation.
Worldcoin uses World App - a protocol-compatible wallet. After visiting an Orb, a biometric verification device, you will receive a World ID. This lets you prove you are a real and unique person online while remaining completely private. In the World app, you can receive WLD.
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 Worldcoin. 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 Worldcoin and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Worldcoin without any technical knowledge. Here is a brief overview of the existing wallet options to store your Worldcoin:
Hosted Wallet
Hosted wallets are wallets where the private keys to your Worldcoin 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 Worldcoin 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 Worldcoin. 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 Worldcoin, and if malicious parties have access to your device, your private keys (and therefore your Worldcoin) can be stolen.
Hardware wallet
A hardware wallet is a physical device on which you can store your Worldcoin offline. It is one of the safest ways to store your Worldcoin, 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 Worldcoin is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Worldcoin. Once you have purchased Worldcoin on Bitvavo, you can choose to send your Worldcoin from your Bitvavo wallet to your own software or hardware wallet.
