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- 1. How & where to buy Decentraland (MANA) online
- 2. How to buy Decentraland instantly in 3 simple steps
- 3. Where to buy MANA easily
- 4. Best exchanges to buy Decentraland (MANA), reviewed
- 5. How to trade MANA
- 6. What is the best way to pay for Decentraland (MANA)?
- 7. How do I store Decentraland (MANA)?
- 8. Is Decentraland (MANA) a good investment?
- 9. Is now a good time to buy Decentraland?
- 10. FAQs
How & where to buy Decentraland (MANA) online
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Get started in minutes with our preferred broker, .
10/1077% of retail CFD accounts lose money.
Decentraland tokens are available on a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Decentraland this way. Follow our quick step guide below.
How to buy Decentraland instantly in 3 simple steps
To buy Decentraland you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.
Step 1. Sign up to eToro
eToro is the simplest crypto exchange to get started with. Create an account and supply a copy of your photo ID for verification.
77% of retail CFD accounts lose money.
Step 2. Make a deposit
Add funds via a card payment, bank transfer or an alternative payment method. You can start with as little as £10.
Step 3. Buy Decentraland token
Type MANA into the search box then click ‘trade’. Enter how much money you want to spend and hit ‘trade now’.
Now you own Decentraland tokens! It’s as simple as that.
Where to buy MANA easily
The overall best exchange to buy Decentraland token for beginners is eToro . Decentraland is also available on lots of other cryptocurrency exchanges.
Here are the top three places to buy Decentraland, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.
77% of retail CFD accounts lose money.
Read more about how we rate, rank and review platforms.
Best exchanges to buy Decentraland (MANA), reviewed
1. eToro. Best for beginners, copy-trading & demo-account
1500
No. assets
$10
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.
As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.
The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.
77% of retail CFD accounts lose money.
2. Public. Best for sharing beginner trading ideas
...
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.
Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.
The fees: Cryptocurrency trades are charged a 2.5% fee per transaction.
3. OKX. Best for futures and margin trading
...
No. assets
$50
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools.
From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.
The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.
4. KuCoin. Best social trading altcoin exchange
1
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love KuCoin because it;s a great place for beginners to trade more than 700 altcoins. KuCoin is a social trading platform with 20+ million investors worldwide in 200+ countries.
KuCoin’s beginner zone offers up rewards up to $500 for new users. The rest of the platform has plenty of features for the crypto enthusiast: a staking service to earn money on your stored crypto, an NFT marketplace, and margin trading features to buy leveraged tokens.
The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.
How to trade MANA
You can trade Decentraland on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how MANA crypto trading works:
- Monitor the price: Let’s say the price of MANA/USDT is $1. You read the price charts and decide that now is a good time to start purchasing MANA.
- Open a trade: You trade one USDT for one MANA ($1 for 1 MANA).
- Continue to monitor the price: The next day, one MANA token is now worth $2, a 100% increase.
- Close your trade: You trade your MANA token back to USDT for $2.
In this example, you buy and sell Decentraland, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.
77% of retail CFD accounts lose money.
What is the best way to pay for Decentraland (MANA)?
The simplest way to buy Decentraland cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for MANA.
- Buy Decentraland with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
- Buy Decentraland with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a £1 fee, and these transactions are more or less instant as they run through the Faster Payments System (FPS).
- Buy Decentraland with PayPal. Some crypto brokers accept deposits via PayPal. eToro is the best option because it doesn’t charge a fee for PayPal deposits, whereas the charge can be as high as 5% or more with other platforms.
- Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.
How do I store Decentraland (MANA)?
Most people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Decentraland then you should move it to a crypto wallet.
A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Decentraland wallets to use are MetaMask and the Ledger Nano S.
Is Decentraland (MANA) a good investment?
Whether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Decentraland and its token to help you decide whether to invest in MANA.
- Decentraland is a virtual gaming platform. Decentraland is a cryptocurrency that runs an entire virtual world. As virtual reality becomes ever more popular, the opportunity to build and own items within that world might become increasingly sought after.
- It is one of the largest and most popular crypto gaming networks. Few competitors offer virtual reality on anything like the same scale. The challenge at the moment is that it’s a fairly small community, but that could be an opportunity for anyone who owns the coin now, as the MANA token is required for anyone who wants to join it.
- The metaverse is expected to grow. Decentraland is a metaverse coin and this industry is anticipated to grow in the coming years exponentially. As the metaverse gains traction and becomes more mainstream, Decentraland could be able to capitalise on the growth.
- MANA coins are required to join the platform. If the community grows, the coin is going to grow in value. Not only is it required to join, but it’s also the only way to buy land and items through the marketplace.
- There is a fixed supply of MANA coins. The total supply of MANA is fixed, so it won’t suffer from inflation as it would if more were constantly being created. This will increase the token’s scarcity and ultimately push up its price.
- You can lend your MANA coins to earn rewards. MANA is a proof of work token, which means you cannot stake it. However, several options are available where you can hold your coins on a lending platform and earn rewards for doing so.
Use this quick summary of pros and cons to compare Decentraland with other, similar projects.
Pros
- A low-cost investment in virtual reality, which could be the technology of the future
- The MANA coin has practical value as a means of payment within the Decentraland world
- The coins are destroyed each time MANA is used to buy something on the marketplace. That could help limit the supply and drive the price up
Cons
Ultimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.
How has Decentraland (MANA) performed this year?
The current Decentraland price today is $0.68, which is 88.54% below its all time high of $5.90 which it reached on 25 November, 2021. MANA is up 134% this year, with a 52 week high of $2.92 and a 52 week low of $0.28.
Is now a good time to buy Decentraland?
The answer depends on the current price and your own investment goals. Put simply, buying Decentraland, selling Decentraland, and trading MANA are all the exact same process. It’s really just your personal investing intentions that defines whether now is a good time to invest or not.
- If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #hodl that coin long term in the hopes of larger profits. In this sense, any time is a good time to buy Decentraland.
- As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of Decentraland and its decentralised aggregator platform, then a good time to purchase Decentraland is on any major dip.
In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Decentraland and selling it the next day probably isn’t why you’re here either.
Regardless, closely following MANA price news & analysis will help you decide when to pull the trigger:
Latest MANA news
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