How & where to buy Sandbox (SAND) online
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This page explores Sandbox and its native cryptocurrency SAND. We look at how the platform works, if it makes a good investment, and the best place to get its coins.
What are the best exchanges to buy SAND on?
If you’re ready to buy coins now you’ll need to register with an online broker. In the table below you’ll find a selection of some of the top platforms around where you can buy Sandbox. Simply click on any of the links to register in just a few minutes.
How to buy Sandbox online – a step-by-step guide
Step 1. Find an exchange
The easiest way to buy SAND is to use an exchange. Exchanges are platforms where you can buy, sell, and trade coins with other investors. They are like giant marketplaces open 24/7. The best platforms have a range of coins, low fees, and easy to use interfaces. Our crypto experts have selected two of the best exchanges around offering SAND.
- Binance: Binance is one of the best known platforms in the world and has hundreds of coins available. Its interface is easy to use and it has up to date prices for all of the tokens it offers. Sign up with Binance >
- KuCoin: Kucoin is another well known platform and has a wide range of cryptocurrencies available. It has competitive transaction fees and offers a seamless trading experience. Sign up with KuCoin >
Step 2. Sign up and fund your account
Registering an account usually requires you to provide you contract information and provide a form of ID, so it’s worth keeping some around. The verification process can sometimes take a couple of days so you should keep that in mind if you want to buy immediately. Next you can deposit funds, most exchanges let you deposit using fiat currency like GBP and USD.
Step 3. Purchase
To purchase your coins you’ll need to search for the coins ticker symbol (SAND) on your exchange platform. Next you simply decide how many coins you want to get and click buy. You can buy SAND with either fiat or crypto like ETH or BTC.
Step 4. (Optional) Get a suitable wallet
If you plan on holding your coins for a long period of time or are concerned about security you could consider getting a wallet, although this isn’t always necessary. Most exchanges let you keep your coins with them, but if you do want to use a wallet, check our the two below.
- Trezor: Trezor is one of the top hardware wallets around. Its like a USB stick that you connect to your computer and your coins are secured offline. Its advanced version also offers a touch screen. Sign up with Trezor >
- Infinito Wallet: If you don’t want to carry around another device with you you could consider a mobile wallet like Infinito. All you have to do is download an app and transfer your coins. Sign up with Infinito Wallet >
How to trade Sandbox – a step-by-step guide
Step 1. Find a broker
If you want to trade cryptocurrencies you’ll need to register with an online broker. It’s best to find a broker that has low fees, especially if you plan on making lots of trades. RIght now there are not a lot of brokers offering SAND, but our experts have found one broker who does offer it which you can check out below.
- eToro: There are not many brokers that let you trade as many coins as eToro. Its one of the easiest to use platforms and offers low fees making it a top choice if you want to trade SAND. Sign up with eToro >
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
Step 2. Create an account and deposit money
Your next step is to register an account and deposit money. This is a straightforward process and will take just a few minutes. Most brokers let you deposit using different fiat currencies like GBP, EUR, and USD. One benefit of using a broker is you can often get bonuses when joining. Although it’s worth checking the terms of any bonus you receive as they often have certain conditions that need to be met prior to any withdrawal.
Step 3. Learn how to perform technical analysis
Technical analysis is a key tool used by many traders when analysing the crypto market. Learning how to perform technical analysis can help improve your trading although it can sometimes take a bit of time to understand. You can check out our free courses on technical analysis and learn how to read price charts.
Step 4. Decide whether to go long or short
Using your technical analysis skills can help you decide if you want to go long (buy) or short (sell) SAND. There are lots of ways to analyse a price chart, although one of the easiest ways is to understand support and resistance levels. If price is moving towards a support level you could look to buy, and vice versa if its moving towards resistance.
Step 5. Make the trade
When you’re ready to make your trade you’ll need to open an order ticket and fill in some details. First you will need to enter how many coins you want to buy or sell. Next you’ll be required to enter a price before clicking the buy or sell button. It’s also a good idea to use a stop loss so that your trade is automatically closed at a set price if it goes against you.
Should I invest in Sandbox?
If you believe in the future of the project and its metaverse ambitions, then you may want to consider adding SAND coins to your portfolio. The Sandbox platform is similar to other crypto projects operating in the same space. However users are not required to have any coding skills in order to build their own assets within the metaverse.
Sandbox is much more than just a gaming platform. It lets users create their own assets which can include anything from buildings to personalised avatars. These assets can be easily turned into NFTs and bought or sold on the Sandbox marketplace. Underpinning the project’s ecosystem is its native currency, SAND.
While it’s free for users and developers to create assets for free using Sandbox’s Voxedit system, to publish them, SAND tokens are required. SAND coins have a fixed supply, meaning new ones can’t be minted and they should hold their value. As the community grows, it’s likely the value of SAND will grow too and buying now could be a good time to get in early.
Still undecided?
If you’re still unsure as to whether Sandbox will make a good investment, we have highlighted a few of its pros and cons below to help you make a decision. Further down the page we have also answered some more questions in detail.
Pros
- Sandbox makes an easy and low cost option to invest in the metaverse and virtual reality, both of which are expected to be growing technologies of the future.
- SAND coins underpin the project’s ecosystem and are used as currency within the Sandbox platform.
- It has partnered with over 100 brands including Adidas and Atari.
Cons
Below we’ve answered three more questions helping you decide if Sandbox is the right investment for you.
1. Is now a good time to buy Sandbox?
If you are a long term investor then yes, buying Sandbox now could be a good investment. It’s been growing its user base and attracting well-known companies who have been using its metaverse. To help time your investment into it, it is a good idea to track its price. Although an easier way to invest is to use dollar cost averaging, whereby you buy a few coins every month and hope to even out any price swings.
For shorter term traders there are a few more things to consider. Analysing its price chart is a good place to start, as is keeping an eye on its volatility. If volatility increases, it will provide more favorable trading conditions. Whatever you decide to do, its a good idea to keep up to date with the latest analysis, which you can do so by clicking on the links below.
2. What problem does Sandbox solve, and what are its investment prospects?
Sandbox is a virtual reality world set in the metaverse where users can engage in many real world activities. It does not necessarily solve any problems, however it does provide tools, functions, entertainment, and monetization possibilities that many people find entertaining. Its native token, SAND, is used as currency in its VR platform.
It is more than just a single game. The platform has many games and lets users with little coding skills create completely new ones. Users are also able to build projects within the metaverse for free. However, if they want to publish them, land is required. To buy land, SAND coins must be used.
The project has already been growing at a rapid pace and has over 150 partnerships with some of the world’s leading brands including Adidas and Samsung. It has also teamed up with musicians such as Snoop Dogg who performed a virtual concert in the Sandbox metaverse. In 2021, it raised nearly $100 million in funding to help further grow its platform.
3. Do you want to hold Sandbox for the long term?
You can take a long term approach to Sandbox and buy some coins and store them in a wallet. SAND can also be traded for the short term and in the section below we’ve covered each approach briefly.
Considerations for a long term investment strategy
If you think SAND will rise over the long term, you can buy some coins by using an online exchange. Further up this page we discussed some of the best exchanges around. You may also want to consider using a wallet to store your tokens.
Considerations for a short term trading strategy
If you plan to trade Sandbox for the short term, then an online broker is your best option. You should think about using a broker with low fees, as the costs of trading can quickly add up. Check our our recommended brokers for more guidance.
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