How to Buy Decentraland (MANA) with Credit Card, PayPal, Wire & More

Here is a comprehensive beginner’s guide on how to buy Decentraland (MANA) instantly. Learn how to buy Decentraland safely with credit card and debit card, PayPal and Skrill, bank transfer, and anonymously. We also tell you about where to buy Decentraland and provide a step-by-step detailing how to invest in Decentraland on exchanges and brokerages.

Author: Alex Waick Last updated: 11/06/2022
How to Buy Decentraland (MANA)

Introduction

What is Decentraland and how does it work? How much do you need to Buy Decentraland (MANA) tokens in 2022? Importantly, what do you need to know before you buy MANA? We will be answering all these questions and telling you everything else you need to know about investing in Decentraland tokens below.

We will introduce you to the best MANA exchanges and best broker to buy MANA and provide you with a simple step-by-step guide on how to buy MANA instantly. We will tell you the trading requirements of each exchange and their supported deposit and withdrawal methods. Additionally, this guide will help you understand what to look for in a good Decentraland trading platform.

Considering that the crypto project only started gaining traction about two years ago, you must have questioned its sustainability and safety. You are probably wondering if Decentraland is a safe long-term investment. We answer this by looking at MANA token’s usability and referencing crypto experts and investor opinions on Quora and Reddit.

Top 5 Platforms Where To Buy Decentraland (MANA) in 2022

  • Min Deposit: $200
  • Number of Coins: 20+
  • Supports Multiple Languages
  • Regulated by FCA, ASIC & CySEC
  • Paypal, Debit & Credit Card Accepted
Card CashBankGiro PayMastercardNetellerPayPalSkrillUnionPayVisaWire CardYandex
Visit eToro

Capital At Risk

  • Min Deposit: 20 $£€
  • Number of Coins: 12+
  • Regulated by FCA & CySEC
  • Place Buy & Sell CFDs Orders
  • Low Minimum Deposit
MastercardNetellerPayPalSkrillUnionPayVisaWire Card
Visit Capital.com

79.17% of retail cfd accounts lose money

  • Min Deposit: 1 $£€
  • Number of Coins: 50+
  • Regulated by SEC, & FinCEN
  • Place Buy & Sell CFDs Orders
  • Low Minimum Deposit
Giro PayMastercardNetellerSkrillUnionPayVisaYandex
Visit Coinbase

Capital At Risk

  • Min Deposit: 1 $£€
  • Number of Coins: 1500+
  • High Number of Coins
  • Accepts Fiat Deposits
  • Trade on Spot and Futures
Card CashMastercardSkrillWire Card
Visit Binance

Capital At Risk

  • Min Deposit: 1 $£€
  • Number of Coins: 50+
  • Highly transparent exchange
  • Competitive Bitcoin trading fees
  • Highly secure
Card CashGiro PayMastercardUnionPayVisa
Visit Kraken

Capital At Risk

How to Buy Decentralnd (MANA) Instantly in Three Quick Steps

Step 1: Create an Account

Start by identifying a highly reputable exchange or brokerage that lists Decentraland tokens. Create a crypto trader account with them. Note, most will demand that you verify your identity before you start trading and will even subject you to KYC and AML verifications.

Step 2: Fund Account

After the trader account is approved, proceed to fund the account. The most common deposit methods by exchanges that list Decentraland tokens include credit cards and debit cards, bank transfers, and PayPal or Skrill. However, the deposit methods available to you, as well as the deposit minimum will largely depend on your country of residence.

Step 3: Buy Decentraland (with or Without Leverage)

After funding the account, proceed to buy Decentraland instantly or via limit order. Depending on the preferred trading platform you can buy Decentraland with or without leverage. A leveraged purchase is most common with Decentraland CFD trading on crypto brokerages like eToro and Capital.com. Most exchanges won’t let you buy MANA with leverage but will let you own the purchased Decentraland by providing you with the token private keys.

Step One
Open A Free Account
eToro Logo
Step Two
Deposit Funds
Card CashBankGiro PayMastercardNetellerPayPalSkrillUnionPayVisaWire CardYandex
Step Three
Buy Cryptocurrency
Buy Now

Capital At Risk

What Is Decentraland (MANA)?

Decentraland is a virtual reality program hosted on the Ethereum blockchain. It lets participants interact with each other and share experiences on the Decentraland virtual world, referred to as the Decentraland metaverse. Though you can also create and monetize your content and applications.

On the Decentraland Organization’s website, the platform is described as the “first-ever virtual world owned by its users.” They base this bold claim on the fact that it was the pioneer metaverse, started in 2015, though it only ended its closed beta testing phase and launched to the public in February 2020.

It was co-founded by Ariel Meilich and Esteban Ordano as a source of entertainment and a new business environment for content creators, businesses, and individuals. At its core, however, Decentraland is a virtual world, comprising of 90601 parcels of land. Each parcel is 16mX16m (256 square meters) in size and can be sold as an ERC-721 non-fungible token (NFT).

Like most other metaverses, Decentraland has two native tokens. Of the two, MANA is more popular and serves as the governance token for the platform. LAND, on the other hand, is a utility token used to pay for content or services as well as the exchange of pieces of land within the Decentraland metaverse.

How Does Decentraland (MANA) Work?

The biggest role of the Decentraland protocol is maintaining proper records of LAND ownership within the metaverse, tracking LAND contents, and facilitating social interactions. To achieve this, the protocol is broken into three distinct layers.

First is the consensus layer, a decentralized ledger that tracks LAND ownership on the metaverse. It is responsible for assigning LAND coordinates, recording exchanges, and tracking the contents of each parcel of land.

Second is the LAND content layer, yet another decentralized distribution system. It uses smart contract technology to record the contents of each land in reference files that describe the outlay of each parcel of land. Simply put, it stores – and avails when needed – the content needed to render the Decentraland metaverse.

Lastly is the Real-Time layer that facilitates social interactions for all the participants in the Decentraland metaverse. It achieves this by establishing P2P connections between users or Decentraland-based applications, which is made possible by distrusted servers hosted by landowners and third parties.

But just how does the Decentraland work for you? For starters, you could just trade or invest in Mana or LAND tokens. Alternatively, you could buy LAND parcels within the metaverse for holding or flipping purposes, you could also create applications and any other content in the virtual world, or simply engage in other social activities like gaming.

How Is Decentraland (MANA) Different or Similar to Bitcoin?

The only noteworthy similarity between Bitcoin (BTC) and Decentraland (MANA) is that both are anchored on revolutionary crypto technology. You could also argue that the two are pioneers in their respective crypto niches. Bitcoin is a pioneer cryptocurrency while Decentraland is a pioneer blockchain-based virtual world.

There, however, are a wide number of fundamental differences between the two crypto technologies. The most obvious being their intended purposes. While BTC is designed to replace fiat currency, Decentraland facilitates social interactions in the virtual world.

Other major differences between Decentraland and Bitcoin include:

Architecture

Bitcoin is a standalone crypto-asset hosted on its own blockchain. Decentraland, on the other hand, is an ERC-21 protocol housed on the larger Ethereum blockchain network. It doesn’t have its own mainnet.

Token supply and market capitalization

Bitcoin is the most dominant crypto asset with a market capitalization of $840 billion – accounting for more than 41% of the entire crypto market cap. This makes it the most valuable crypto asset. Decentraland, on the other hand, has a live market capitalization of $6.24 Billion.

It makes up 0.0036% of the industry’s market cap and CoinMarketCap ranks it as the 30th most valuable crypto asset. Bitcoin has a maximum coin supply of 21 million BTC while Decentraland’s current total token supply stands at 2.194 billion MANA.

Target market

Bitcoin’s target market comprises individuals and other entities looking for an inflation-proof store of value and a more reliable medium of exchange. Decentraland, on the other hand, targets individuals looking to expand their social interactions to the virtual world. It also targets content creators and businesses looking to extend their market to this metaverse community.

Despite the target market, you should note that the two have been majorly taken up by speculative investors or traders at the moment.

Decentraland (MANA) Historical Price Performance

Decentraland tokens were first availed to the public via an ICO on 8th August 2017, selling for $0.024. Data from CoinMareketCap indicates that MANA started trading in the open markets a month later. Even though the crypto market was rallying at the time, MANA token prices dipped and hit the current all-time low of $0.0078 on 13th October 2017.

Decentrland price Chart

Between 2017 to 2020, Decentraland posted a depressed price action as MANA’s value ranged between $0.007 and $0.25. Analysts attribute this to the unpopularity of the metaverse technology and the poor adoption of the technology based on the low number of partnerships and collaborations cored by the platform during this period.

Two significant developments, however, took place in the crypto space in the last half of 2020 and early 2021. And they both changed Decentraland’s fortunes. First was the launch of more Metaverse projects, especially Facebook’s public announcement of intent to create META, which shone attention to the Metaverse tokens. Secondly, the crypto market broke into its greatest price run yet.

The two helped Decentraland’s token price rise above $1 in the second week of March 2021. Its biggest break would, however, come in the last 3 days of October 2021 when the token prices rallied by close to 500% to reach $3.66. MANA would sustain this uptrend for the three weeks that followed, and this helped catapult it to the current all-time high of 5.90 on 25th November 2021 – 24583% above ICO price.

At the time of writing, Decentraland has shed more than 40% of this peak price but it still has an overall positive ROI exceeding 13000%.

What Factors Influence Decentraland (MANA) Prices?

Decentraland is a massively volatile crypto asset and its constantly fluctuating prices can be attributed to a host of factors. Here are the four that have had the biggest influence on MANA token prices in the past. Experts believe they will continue playing a crucial role in shaping Decentraland’s future price performance.

  • In-network developments and upgrades: Key developments on the Decentraland Metaverse and upgrades to its network have always excited investors and ignited an uptrend. Moving forward, more developments and further upgrades are expected to contribute greatly to MANA’s price recovery and future gains.
  • Crypto market performance: Like all other cryptocurrencies, Decentraland token prices rise when the market rallies and fall when the crypto market crashes. Future market rallies and crashes will continue contributing to MANA’s volatility.
  • Community support: With a growing community of supporters, especially investors and partners, Decentraland’s popularity and demand for MANA tokens rise. Both help push the altcoin prices up. The coming in of more investors and partners in the next few years is, therefore, expected to play a key role in influencing MANA token’s future uptrend.
  • FOMO: Decentraland’s overall ROI exceeds 12000% with as much as 900% of this having been booked in the last 12 months. These massive gains have ignited FOMO among investors who don’t want to miss out on the token’s next rally. Their demand for Decentraland is expected to push up its price for the next few years.

How to Invest In Decentraland (MANA)?

After understanding what Decentraland stands for and factors influencing its price action its now time to buy MANA tokens. But how can you invest in the metaverse altcoin? We explain the three most common and beginner-friendly methods to you.

Buy and Hold (Long-term)

Buying and holding MANA tokens over the long term, also known as HODLing, is the most beginner-friendly Decentraland investment strategy. The investment is made with the conviction that the token prices will increase over the next few years, effectively growing your capital.

Unlike most other crypto projects, Decentraland presents you with two long-term investment options. The most common would be buying MANA tokens at their current low price and Hodling for the next few years. The other involves buying ‘LAND’ on the Decentraland metaverse and holding onto it, waiting for its value to appreciate over the next few years.

Decentraland CFD trading

You could also choose to invest in MANA over the short term by actively trading Decentraland CFDs. This is mainly made possible by crypto brokerages and involves speculating on Decentraland token’s next price action and betting against the broker or the market maker.

Note, however, that CFD trading unlike buying and holding MANA tokens doesn’t let you own the underlying asset i.e. you won’t receive the token’s private keys.

The upside to trading Decentraland CFDs includes having access to leverage. Equally important, brokerages let you go long (BUY) or short (SELL) on Decentraland.

Day trade Decentraland

You can also choose to day trade Decentraland tokens. This involves buying MANA when the price dips and selling them as soon as the price recovers. You can make one or multiple trades throughout the day. However, you may not leave a trade open at the end of the day/trading session.

Like CFD trading, day trading Decentraland is rather complicated, which makes it unsuitable for beginner traders. It calls for a deep understanding of the crypto industry, crypto trading experience, access to advanced trading and analytics tools, as well as access to significant capital.

How to Buy Decentraland (MANA) Guide

After settling on one Decentraland investment strategy, you now need to understand how to pay for it. In this section, we will introduce you to the most common payment methods and show you how to buy Decentraland safely with either.

How to Buy Decentraland (MANA) With Credit/Debit Card

Debit and credit cards are one of the most popular payment methods and one of the most common methods of buying cryptocurrencies. It, in fact, is one of the quickest methods to buy Decentraland on eToro. In this case, the broker will not charge you deposit fees but your card issuer may impose a small transaction facilitation fee.

The minimum trading amount when buying MANA on eToro is $25. However, you will first need to make an initial deposit of at least $200 ($50 for US residents) or as much as $40,000. You are also advised to first convert your international currency into USD before making the deposit. Otherwise, eToro will impose a 2% currency conversion fee of the deposit amount because eToro has only one base currency – USD.

How to Buy Decentraland (MANA) With PayPal

You can buy Decentraland with PayPal on such crypto trading platforms as eToro. But even here, the PayPal deposit option is only limited to countries where both eToro brokerage and PayPal are supported.

To confirm whether eToro supports PayPal deposits in your country, check the broker website’s FAQ section.

As is the case with the rest of the supported payments methods, the trade limit when buying MANA with PayPal on eToro is set at $25. The minimum deposit is $200 and the maximum you can deposit into the brokerage with PayPal is $10,000. You will also want to make USD deposits, lest you be charged a 2% currency conversion fee.

How to Buy Decentraland (MANA) with eWallets (Skrill, Neteller)

eWallets like Skrill and Neteller come in handy for crypto investors in jurisdictions where PayPal isn’t available. Like PayPal, they too do not attract deposit fees. And when buying Decentraland on eToro with Skrill or Neteller, the minimum deposit is $200 and the maximum is set at $10,000. And given that eToro only has one base currency, your non-USD deposits will attract a 2% conversion fee.

How to Buy Decentraland (MANA) With Bank Wire

Bank wire transfers are the most common method of paying for crypto assets. Virtually all the crypto exchanges and brokerages we have discussed in this guide, for instance, will let you buy Decentraland with Bank Wire. Note, however, that most trading platforms call for higher deposit minimums when you want to buy Decentraland with Bank Wire.

eToro, for example, demands a $500 minimum deposit from crypto traders looking to buy Decentraland and other crypto assets on the platform. The upside to this is that bank wire deposits do not have a maximum deposit limit.

How to Buy Decentraland (MANA) Anonymously (Without ID Verification)

With the rising calls for crypto regulation across the world, most crypto exchanges and brokerages will not let you buy Decentraland anonymously. The few that let you buy Decentraland anonymously (without ID verification) will also maintain relatively low trade limits. On eToro, for instance, the maximum you can deposit into an unverified eToro account is $2250.

What are the Pros and Cons of Buying Decentraland (MANA)

Pros

  • Massive potential for future growth: Decentraland token prices are expected to sustain the current uptrend for the next few years. The majority of crypto experts are especially convinced that MANA is massively undervalued and its potential to grow outweighs its risk of failure.
  • Enjoy the DeFi boom: Decentraland is currently riding the metaverse boom currently being witnessed in the crypto space. Crypto analysts are confident that this will help catapult its value and your portfolio by extension to unimaginable heights over the next few years.
  • Highly resilient: Decentraland proved its resilience by easily overcoming the mid-2021 and January 2022 crypto market crash. This explains why it tops the list of best long-term investments for most crypto experts and investors.
  • Multiple income-generating opportunities: The Decentraland metaverse presents you with multiple income-generating streams. These include play-to-earn virtual games, land investments in the metaverse, trading, and staking the crypto asset.

Cons

  • It is still a new crypto concept: Some analysts and investors have called out Decentraland as a highly risky investment because it is a relatively new crypto concept that is still under development.
  • Growing criticism towards metaverse and NFTs: There is a growing level of criticism towards Metaverse projects like Decentraland. It started with Congress blocking the launch of Facebook’s META and celebrities like Kanye West have added their voice to it by terming the concept of a blockchain-based Metaverse a scam.
  • Stiff competition within the Metaverse: Decentraland faces stiff competition from the likes of Axie Infinity and Sandbox which is expected to impact its growth negatively.

What Do You Need before You Buy Decentraland (MANA)?

Having understood what Decentraland is and how it works, it probably is time to buy MANA token and Decentraland CFDs. Here are three things that you will need before you can start buying:

Active trader account

You will need to register a trading account with a reputable crypto exchange or brokerage that lists Decentraland. All their basic registration requirements are eerily similar and include filling out personal information and verifying identity. Hereinbelow, we will provide you with tips on how to identify the most reliable exchange/brokerage and detail five of the best places to buy Decentraland tokens.

Investment capital

Once the crypto trading account is approved, you will need to deposit some funds therein so that you can start buying MANA tokens. In most instances, how much you can invest in Decentraland will be determined by the minimum deposit limit set by your preferred exchange or brokerage. It may also depend on your preferred payment method and country of residence.

For example, the minimum you can invest in eToro is $200. eToro US users can deposit as little as $50, but the minimum deposit limit for bank wire transfers is $500.

Decentraland wallet

You need to decide where to store your MANA tokens beforehand. Most crypto exchanges will provide you with free Decentraland wallets. These could be online/hot or cold/offline based custodial services.

The majority of crypto experts will caution you against leaving your tokens on an exchange wallet. For maximum safety of your Decentraland tokens, we recommend that you invest in the more reliable hardware wallet that guarantees absolute custody of your tokens and stores their private keys offline.

How Much do You Need to Buy Decentraland (MANA)?

There typically is no hard limit on how much you need to buy Decentraland. Most crypto exchanges don’t maintain a limit on how much MANA you can buy but they will have minimum investment limits in the form of minimum deposit or trading limits.

To buy Decentraland on eToro, for example, you will need to make a $200 minimum initial deposit and buy MANA worth at least $25.

Note, however, that exchange limits aren’t the only factors you need to consider when investing in Decentraland. The majority of financial planners advise that you also take into account such factors as your risk tolerance, your investment goals and strategy, your disposable income, and crypto trading or investing experience.

Where Can You Buy Decentraland (MANA) Today?

Decentraland’s popularity has made it one of the most accessible crypto assets. It is listed with virtually all the most popular cryptocurrency trading platforms where you can trade both the actual tokens or Decentraland derivatives. At the moment, there are three most popular places to buy Decentraland include:

Crypto exchanges

Crypto exchanges like Binance and Coinbase and Kraken let you buy and own Decentraland tokens. This implies that they will give absolute control over the private keys for your Decentraland tokens. You may choose to hold these keys in the exchange-provided wallet or move them to a non-custodial online or hardware wallet that you control.

Crypto brokerages

Crypto brokerages like eToro also form one of the greatest places to buy Decentraland. But unlike crypto exchanges, brokerages do not let you trade actual MANA tokens or own their associated private keys. Instead, you only get to trade Decentraland CFDs, which involve betting on the token’s next price action. The upside to trading Decentraland derivatives like CFDs is that you get to trade with leverage.

 Peer-to-peer crypto trading platform

Like crypto exchanges, peer-to-peer trading platforms let you buy Decentraland and own the private keys associated with the token. But unlike the exchanges that have a global reach, most P2P trading platforms are heavily localized, only allowing for trade between individuals in specific countries or regions. The upside to buying MANA on a peer-to-peer trading platform is that they give you access to more localized payment methods and even let you use local currencies.

What to Look for in a Decentraland (MANA) Trading Platform?

The internet is awash with reported cases of crypto exchange and brokerage scams. You, therefore, need to vet your preferred exchange/brokerage thoroughly before you can trust them with your personal information and Decentraland investment. Some of the factors that you need to consider when vetting these platforms include:

  • Intuitive user interface: A trading platform must have a friendly user interface that appeals to both expert and beginner traders. It should feature all the important tabs and be easy to interact with.
  • Trading/non-trading fees: Check all the fees that impact each trade before registering with an exchange/brokerage. Check such trading costs as spreads, commission, and overnight fees. Compare different exchanges and choose the one with the lowest fees.
  • Reliability and reputation: Confirm the reliability and reputation of your preferred crypto exchange or brokerage. Check out user reviews on social media platforms and online review websites.
  • Supported payment methods: Confirm that your preferred exchange supports your preferred payment methods. The more payment options are available to you, the better. Even more importantly, check if they charge deposit/withdrawal fees.
  • Security: When checking the security of an exchange or brokerage you will want to confirm if their source code is open or closed. You also want to check if this code has been audited. Lastly, you need to check if the exchange/brokerage ensures client deposits and crypto assets are in their custody.
  • Transaction processing speed: Slippage can be rather costly to active and large-volume traders. Confirm your preferred exchange/brokerage’s transaction speeds and downtime incidences from online reviews and crypto expert opinions.

1. eToro – Best for Social Trading

Available Coins: 20+
Margin Trading: YES
Minimum Deposit: $200
Visit eToro

Capital At Risk

eToro is a world-leading social trading platform and one of the most reputable crypto trading brokerages. Founded in 2007 in Israel, the brokerage has since established satellite offices in multiple countries, including the UK, Canada, and Australia. It also facilitates Decentraland trading to residents of 100+ countries across the world.

The brokerage offers both crypto CFDs and real tokens. However, residents of countries like the US where CFD trading is illegal can buy Decentraland on eToro and own their related private keys.

eToro home page

eToro stands out not just because of its social and copy trading features but also because of its ease of use. It features an intuitive user interface that appeals to both beginner and expert traders as well as a straightforward onboarding process. The process of buying Decentraland on eToro is also quick and elementary. Furthermore, beginner traders receive mentorship via its social trading tool and can also earn as they earn by copying winning trading strategies from popular investors.

Some of the supported deposit methods on the platform include credit and debit cards, PayPal, bank transfer, eWallets (Skrill, Neteller), and localized payment methods for different jurisdictions. The minimum you can deposit on eToro is $200 ($500 for Bank wire) while the minimum trade limit is $25.

Today, you can only trade the MANA/USD pair on eToro. The spread for this trade is fixed at 4.9% of the trading amount. Further, trades that remain open at the end of the day will be charged a variable overnight fee. Crypto CFD traders also have access to leverages of 2X the trade amount.

To learn more about trading MANA and other cryptos on eToro, read our comprehensive eToro review here.

What are the Pros and Cons of Buying Decentraland (MANA) of eToro

Pros

  • Insured client assets: eToro is one of the few online brokerages that insure client deposits. In the US, customer deposits of up to $250,000 are insured while UK/EU/AUS client deposits in eToro are insured with Lloyds Bank of London for up to GBP/EUR/AUS 1 Million.
  • Competitive fees: As a no-commission broker, eToro maintains some of the most competitive trading fees. It is also transparent and lets you view all fees acting on your trades before hitting the buy or sell button.
  • Instant-buy service: eToro lets you buy Decentraland instantly. Its ultra-fast transaction processing speeds ensure that you have the MANA tokens in your wallet within minutes of making a purchase.
  • Custodial and free mobile wallet: eToro offers all users a custodial wallet that stores 98% of their crypto assets offline. It also presents everyone with a free and non-custodial mobile wallet app.

Cons

  • High non-trading fees: eToro charges a 2% currency conversion fee for non-USD deposits, a $5 withdrawal fee, and $10 in inactivity fees.
  • Subscription-based support: Unlike most crypto exchanges that provide free customer services, you need to subscribe to the eToro club to interact with their clients over the phone or via live chat. Basic accounts can only access support via email and support tickets.

How to Buy Decentraland (MANA) on eToro – Step By Step Guide

  1. Open the eToro website and click the “Join Now” button on the top right button of its home page

eToro join now

  1. Complete the registration form provided, read and agree to eToro’s privacy policy/terms and conditions, and verify your identity.

eToro registration

  1. Once the trader account has been approved, log in and click on the “Deposit Funds” button on the bottom-left corner of your user dashboard.

deposit funds at eToro

  1. On the fund your account pop-up menu, choose your preferred payment method enter the amount you wish to deposit, and click on the “Deposit” tab to initiate the transfer.

Payment methods on eToro

  1. To buy Decentraland on eToro, click on the “Discover” tab on your eToro dashboard. From the list of supported trading instruments, select “Crypto” then choose “Decentraland” and click “Buy”

Buy MANA Decentraland

  1. On the buy tab that pops up, enter the amount of USD you want to spend in buying MANA and click on the “Open Trade” button to complete the trade.

Open trade to Buy MANA

Note: The purchased Decentraland tokens will be deposited into the custodial exchange-based wallet provided by eToro. To move them to a third-party exchange or wallet, you first need to move them to the free mobile wallet app provided by the brokerage.

2. Capital.com – Best for CFD Trading

Available Coins: 12+
Margin Trading: YES
Minimum Deposit: 20 $£€
Visit Capital.com

79.17% of retail cfd accounts lose money

Capital.com is globally recognized as one of the best crypto CFD trading platforms. It runs a highly intuitive and multi-award-winning trading platform and has also been hailed for its beginner-friendliness. The brokerage also stands out because of its AI-powered crypto trading interface that provides users with post-trade behavioural analysis.

Capital home Screen

Started in 2016 primarily as a forex trading platform, Capital.com has since morphed into one of the largest CFD trading platforms in the world. It now is available in 180+ countries across the world and operates in 6500+ markets, including the crypto market. The brokerage has also integrated some of the most advanced trading indicators, charts, analytics, and risk management tools.

Importantly, Capital.com is licensed and regulated by different tier-1 regulatory agencies, including FCA in the UK, CySEC in Cyprus, ASIC in Australia, and NBRB in Belarus. Note, however, that Capital.com doesn’t accept registration applications from US residents.

The process of buying Decentraland CFDs on Capital.com is quick and straightforward. And it is made possible by the broker’s easy and straightforward onboarding process as well as its affordable deposit/trading minimums. Here, the minimum deposit is $/£/€ 20 and there is no minimum trade limit.

The supported deposit and withdrawal methods on Capital.com are credit cards and debit cards, bank wire, PayPal, and other localized payment options as Giropay, Sofort, ApplePay, iDeal, and Trustly. Further, the broker doesn’t charge deposit or withdrawal fees.

At the moment, you can only trade the Decentraland/USD crypto pair on Capital.com. The broker doesn’t charge a commission on trades. You only have to pay a variable but tight spread and an equally variable but competitive overnight fee plus upto 2X leverage on the trading amount.

Learn more about buying Decentraland and other cryptos on this brokerage on this Capital.com review

What are the Pros and Cons of Buying Decentraland (MANA) on Capital.Com

Pros

  • Access to leverage: When buying Decentraland on Capital.com, you will have access to leverages of up to 2X the trading amount.
  • Multi-platform trader: Unlike most other crypto exchanges, Capital.com lets you trade on their proprietary web trader and mobile app as well as the universally accepted MT4 and Trading View platforms.
  • Fast transaction processing: Capital.com boasts of one of the fastest transaction processing speeds and a no-slippage guarantee.
  • Great customer support: Capital.com has one of the most responsive customer support teams. It is multi-lingual and available on the phone, email, live chat, WhatsApp, Telegram, Facebook Messenger, and Viber.

Cons

  • Not available in US and UK: You cannot buy Decentraland CFD on Capital.com if you reside in the UK or the US.
  • Low leverage: Some investors have criticized the 1:2 leverage limit offered by Capital.com, terming it low and unattractive.

How to Buy Decentraland (MANA) on Capital.com – Step By Step Guide

  1. Open the Capital.com website and begin the registration process by clicking on the “Trade Now” button in the upper-right corner of the broker’s home page.

Capital.com Register

  1. In the registration form that pops up, enter your email and password. You will receive a verification link to the provided email. Open that link and follow the prompts to complete the KYC/AML process.

Capital.com registration

  1. After the account is approved, log in and tap the “Fund Account” tab. From the list of supported payment methods, based on your country of residence, choose one and enter the amount you wish to deposit. Hit the “Deposit” button to complete the cash transfer.

Fund account on Capital.com

  1. Click on the “Trade” button from the user dashboard and from the list of supported cryptocurrencies, select the Decentraland (MANA/USD) pair.

trade decentraland MANA

  1. Tap the “Buy/Sell” button depending on whether you wish to go long or short on the trade. Use the trading menu on the right of your computer screen to customize the trade.

Note: Given that Capital.com only offers Decentraland CFD trading, you will not need a crypto wallet. This also means that you will not own or have access to the private keys for the tokens you are buying or selling.

3. Coinbase – Best for Beginners

Available Coins: 50+
Margin Trading: No
Minimum Deposit: 1 $£€
Visit Coinbase

Capital At Risk

Coinbase is one of the most beginner-friendly crypto trading platforms available today. Established in 2012, Coinbase is one of the oldest and one of the largest crypto exchanges, currently serving over 73 million users in 100+ countries across the world, including the US. Coinbase is also one of the most pro-regulation exchanges and is licensed and regulated by FCA in the UK and multiple agencies in the US, including the SEC.

Coinbase home

Coinbase stands out for its user-friendly and easily navigable trading platform. It is also one of the few exchanges that let you buy Decentraland instantly. Plus, it also has a straightforward account registration process with fast approval. The exchange’s beginner-friendliness extends beyond an intuitive interface to affordable minimum deposits and competitively low trading limits.

Here, you can start your Decentraland investing journey with as little as $2. The supported payment methods vary, depending on your country of residence, but the most common are bank transfers, debit cards, credit cards, PayPal, and other localized options like Bank ACH for US residents.

Coinbase currently supports 4+ Decentraland trading pairs. That includes MANA/USD, MANA/EUR, MANA/BTC, MANA/USDC, and MANA/ETH. In addition to these, Coinbase will let you buy Decentraland using any of the supported local currencies. But to trade more MANA crypto pairs, you will need to register with Coinbase Pro. Further, Coinbase exchange doesn’t offer any leveraged product for Decentraland tokens.

The exchange then maintains a rather complex fee structure. It consists of a 0.5% transaction fee plus whichever is higher of $0.99 and $2.99 (depending on transaction size) or a variable fee of between 1.49% and 3.99% (depending on country of residence and payment method).

Coinbase is also reputed as one of the safest crypto exchanges in the US. It not only has client deposits insured for up to $250,000 with the FDIC but also stores 98% of client deposits in offline vaults while insuring the 2% held in hot wallets.

The exchange also maintains a great customer support team available on live chat, email, and even on the phone. Not to mention the comprehensive help center and FAQ sections on the Coinbase website.

To learn more about trading crypto on Coinbase, read our comprehensive Coinbase exchange review here.

What are the Pros and Cons of Buying Decentraland (MANA) on Coinbase

Pros

  • Deep liquidity: Coinbase is a deeply liquid exchange, processing an average of $327 Billion quarterly. Even the largest crypto orders will, therefore, be filled fast and with no to minimal slippage on the platform.
  • Learn and earn: Coinbase presents all its users with a learn-to-earn opportunity that lets you earn rewards for learning about such cryptocurrencies as Decentraland and answering related queries.
  • Free wallet: Coinbase presents users with custodial wallet services and a free Coinbase mobile wallet app. Both are highly secured and support such security features as two-factor authentication.
  • Multi-platform trader: Coinbase is a multi-platform crypto exchange available via the web trader and the Coinbase mobile app.

Cons

  • Higher transaction fees: Coinbase doesn’t just have a complex trading fee structure. It also maintains relatively high trading fees compared to its competitors like Binance.

How to Buy Decentraland (MANA) on Coinbase – Step By Step Guide

  1. Open the Coinbase webpage and click the “Get Started” button.

Coinbase join

  1. Apply for a crypto trader by entering your name, preferred email, and password on the registration form provided and agree to Coinbase terms and conditions.

Coinbase registration

  1. Coinbase will email you a link. Open it and complete the registration process by completing passing the KYC/AML tests that include identity verification.
  2. Log in to your approved user account and tap the Assets icon on your user dashboard. Choose “Add Payment Method.”

Portfolio

  1. Based on your location, select one of the supported payment methods. Enter the amount you wish to deposit and initiate the cash transfer.

Deposit funds

  1. To buy Decentraland instantly on Coinbase, click on the “Trade” tab on the user dashboard and select MANA from the list of supported cryptocurrencies. Customize the trade by indicating the amount of Decentraland tokens you wish to buy and tap “Continue” to complete the purchase.

Buy decentraland

Note: The purchased Decentraland tokens will be deposited to the exchange provided wallet. You, however, are free to move them to the free mobile wallet app provided by the exchange or any other third-party wallet address. Further, the minimum and maximum amounts of Decentraland tokens that you can send through the blockchain are 0.01 MANA and 700,000 MANA, respectively.

4. Binance – Best for Low Fees

Available Coins: 1500+
Margin Trading: YES
Minimum Deposit: 1 $£€
Visit Binance

Capital At Risk

Binance is arguably the largest crypto exchange in the world and lists one of the highest numbers of crypto assets. It also is one of the busiest and most liquid trading platforms, processing as much as 1.4 million transactions per second and an average of $2 Billion worth of trade daily. It is also available in virtually all crypto-friendly countries and territories across the world.

Binance home

These noteworthy milestones notwithstanding, Binance stands out the most for its competitively low trading fees. To buy Decentraland on Binance, for instance, you only have to pay the maker/taker fee that ranges between 0.1% and 0.04% depending on your monthly trading volume. And if you pay for the transaction cost with Binance Coin (BNB) you enjoy a further 25% discount.

We must also observe that of all the crypto exchanges listed here, Binance lists the most Decentraland crypto pairs, eight in total. These are MANA/BIDR, MANA/BRL, MANA/BNB, MANA/ETH, MANA/TRY, MANA/BTC, MANA/BUSD, and MANA/USDT. Plus, apart from the MANA/USD futures, Binance doesn’t offer any other leveraged product for Decentraland.

Other factors that help Binance list among the best exchanges to buy Decentraland include its straightforward onboarding process. It has also been hailed for its incredibly low minimum deposit requirement of $1.

Note that unlike most of the other exchanges listed here, Binance doesn’t process cash deposits. It, however, connects you to different fiat-to-cash onramps like Moonpay where you can buy Decentraland or any other crypto asset, and have it deposited in your Binance exchange wallet. Alternatively, and depending on your country of residence, you could use their recently introduced peer-to-peer trading platform that accepts the widest range of localized payment methods.

Other notable Binance exchange features include the fact that it features one of the most responsive customer support teams available on live chat, email, and social media. These are then complemented by a comprehensive help center and FAQ section on the Binance website.

You can learn all about buying Decentraland and other cryptocurrencies in this comprehensive Binance exchange review.

What are the Pros and Cons of Buying Decentraland (MANA) on Binance

Pros

  • Insured crypto vaults: Binance runs a proprietary insurance fund – SAFU – that ensures crypto trader accounts for up to $1 Million. The exchange recently announced that the fund is now valued at $1 Billion.
  • Wide range of trading pairs: Binance has one of the richest product portfolios, boasting of more than 400+ coins and an equally large number of Decentraland trading pairs.
  • Resource-rich platform: The Binance trading platform is rich in advanced trading, analysis, market research, and risk management tools.
  • Deep liquidity: With daily trade volumes exceeding $2 Billion, Binance is ranked as the most liquid trading platform by CoinMarketCap.

Cons

  • Not regulated: Binance, unlike most of the crypto exchanges and brokerages listed here, is not regulated, which has put it at loggerheads with multiple governmental agencies across the world.
  • Complex user interface: Binance user interface is considered complex and not beginner-friendly.

How to Buy Decentraland (MANA) on Binance – Step By Step Guide

  1. Open the Binance website and tap on the “Register” button on their homepage to begin the trader account application process.

Biance register

  1. Enter your email/phone number and create a password. Binance will then send you a verification code to verify your email or phone number. You will also need to pass KYC verification requirements by verifying your identity.

 

  1. Binance registrationOnce the account is approved, hit the “Buy Crypto ” button on the user dashboard and choose to buy Decentraland from the list of supported cryptocurrencies on Binance. Select “Third-Party” as the preferred payment method.
  2. Customize the trade by indicating the amount of MANA tokens you wish to buy. Binance will then provide you with a list of integrated Third-Party exchanges that can fill this order, show their rates, and indicate their charges.

 Buy MANA

  1. Choose one third-party payment method and follow the prompts to complete the purchase.

Note: The purchased MANA tokens will be delivered to your Binance custodial wallet. You are then free to move them to the Binance linked Trust wallet mobile app or trade them against other crypto assets on the exchange.

5. Kraken – Best for Safe Decentraland Storage

Available Coins: 50+
Margin Trading: YES
Minimum Deposit: 1 $£€
Visit Kraken

Capital At Risk

Established in 2011, Kraken ranks highly among the oldest and most reputable crypto exchanges in the world. Kraken is also one of the most popular exchanges in the United States and enjoys deep liquidity from its massive pool of both retail and institutional investors.

Kraken home

But it stands out among the best exchanges to buy Decentraland today because of its reputed crypto storages services. Note that, unlike most other exchanges, Kraken does not provide personal wallet services. Rather, they provide their users with one of the most secure crypto trading and storage facilities. 95% of the client’s crypto assets in Kraken’s custody are, for instance, held in offline, air-gapped, and geographically distributed vaults.

Moreover, Kraken maintains full reserves for crypto assets in their care. In fact, Kraken was the first top-tier crypto exchange to publicly publish its proof of reserves audit.

It also deploys a myriad of security features around the exchange and customer accounts to keep users’ personal information and crypto assets safe. These include 2-factor authentication, data encryption, regular penetration testing for their exchange systems. Their servers and server locations are also under 24/7 surveillance, with further protection from armed guards, which may help explain why Decentraland has never been hacked.

Despite these all-around security measures, Kraken has an easy and straightforward onboarding process. It also appeals to retail traders/investors with its low minimum deposit of $1 and draws in novice traders when it lets them buy Decentraland instantly.

Kraken has several base currencies, including USD, CAD, and EUR. You can also deposit into Kraken via bank wire transfer or cash (in-person) and debit card for Canadian residents.

Today Kraken supports multiple Decentraland pairs, including MANA/USD, MANA/EUR, MANA/XBT, and MANA/ETH. However, Kraken – like most other exchanges – doesn’t offer leveraged Decentraland CFDs.

When you decentraland instantly on Kraken you will be charged a 1.5% flat fee. Spot traders will, on the other hand, pay a maker/taker fee of between 0.05% and 0%, depending on their 30-day trading volume.

What are the Pros and Cons of Buying Decentraland (MANA) on Kraken?

Pros

  • Transparent: Kraken does not impose deposit or withdrawal processing fees. It also lets you view all the fees acting on your trade before you hit the buy/sell order.
  • Liquid and access to dark pool: Kraken is ranked as the third most liquid crypto exchange by CoinMarketCap. This implies that even the largest orders fill fast on the platform. Users also get to enjoy some level of anonymity when they place their trades in the Kraken dark pool.
  • Access to demo account: Kraken is a beginner-friendly trading platform and one of the few crypto exchanges that provide users with a free demo account.
  • Transparent exchange: Kraken is a transparent crypto exchange as evidenced by their regularly updated proof of reserves audit report. It also lets you see the total cost of trading before you press the buy/sell button.

Cons

  • Limited deposit methods: At the moment, the residents of most countries can only deposit funds into Kraken via bank. The exchange doesn’t support the more common payment methods like credit/debit cards, PayPal, or eWallets like Skrill/Neteller.
  • Slow verification: Kraken has been accused of sluggishness in verifying intermediate and PRO trading account levels.

How to Buy Decentraland (MANA) on Kraken – Step By Step Guide

  1. Open the Kraken website and click the “Create Account” tab on the top right corner of its home page to start registration.

Kraken create account

  1. Fill out the registration form provided by keying in your email, preferred username, setting the wallet password, and hitting the “Create Account” button.

Kraken registration

  1. You will receive a verification email. Open the link and proceed to complete the KYC process by entering personal information and verifying your identity.

Note: When approved, you will be accepted onto Kraken’s Starter pool. You will have to pass different AML verifications to advance to the more intermediate and PRO trader levels.

 Kraken levels

  1. Log in to your verified Kraken account and on the user dashboard, click on “Funding” and choose the preferred deposit method. Enter the amount you wish to deposit into the exchange and initiate the transfer.

Kraken funding

  1. To buy Decentraland instantly on Kraken, tap on the “Buy Crypto” tab on the user dashboard. On the pop-up window, select MANA from the list of supported crypto assets and enter the number of tokens you wish to buy.

Buy crypto

  1. Click on the “Buy” button to complete the purchase.

Note: The purchased token will be deposited into your Kraken exchange wallet from whence you can move them to third-party exchanges or wallets.

Other Ways of Getting Decentraland (MANA)

In addition to buying Decentraland tokens and Decentraland CFD from the exchanges and brokerages listed above, there are several other ways through which you can acquire MANA tokens. We look at the 5 most common below:

1. Receive Decentraland as a tip

Decentraland is currently one of the most popular crypto assets available today, especially in the gaming community. It, therefore, shouldn’t come as a surprise if your gaming or crypto investing relative or acquaintance gifts or tips you with some MANA tokens.

2. Through Decentraland faucets

Faucets are income-generating websites that reward you with cryptocurrencies like Decentraland for completing different micro-tasks on the platform.

3. Creating content on the Decentraland metaverse

You can also acquire MANA tokens if you create and sell content on the Decentraland metaverse. Content, in this case, ranges from apparel, art, organizing paid concerts/events, launching apps, and lending this content to metaverse participants. You could also get paid for attending or participating in different events on the metaverse.

4. Play games on Decentraland metaverse

Among the many projects that have been launched on the metaverse are the play-to-earn games. Here, you will be paid for playing different online games hosted on the metaverse.

5. Peer-to-peer trading platforms

In addition to buying Decentraland tokens on exchanges and brokerages, you can buy them on localized peer-to-peer trading platforms. They may not be as liquid as most of the platforms we have discussed here, but they support local currencies and local payment methods.

How Can You Use Decentraland (MANA)?

We have exhausted the ways through which you can acquire and store Decentraland tokens. Now, we look at the most practical ways through which you may put these MANA tokens into use:

Paying for goods and services

You can use Decentraland tokens to pay for goods and services in crypto-friendly stores, both online and offline. You may also propose to pay for goods and services provided by friends and acquaintances via Decentraland.

Offer tips

You may also offer Decentraland tokens as a tip or gift to friends and acquaintances. Numerous content creators on the internet and on the Decentraland metaverse have gift baskets that will also accept MANA token tips.

Invest in content in Metaverse

You may consider investing your Decentraland tokens in the Decentraland metaverse. The most common investment strategy, in this case, has to be buying and holding virtual land in the metaverse or flipping for a profit.

You could consider donating some of your Decentraland tokens to a charity or contributing to a worthy course. Today, the majority of charitable and non-governmental organizations accept crypto donations.

Hold as speculative asset or trade

You could also choose to simply buy and hold Decentraland tokens as a speculative investment. This particular strategy comes in handy for beginner traders with no trading or metaverse experience.

What do Reddit & Quora Users Say About Buying Decentraland (MANA)?

Reddit

We read a lot of optimism about Decentraland token’s future price action and the Decentraland metaverse on Reddit. Just like on Quora, you will come across a lot of posts and discussions about the price direction of MANA and developmental works on the metaverse.

Reddit Decentraland MANA Reviews

You will even come across threads dedicated to informing other Redditors about such developments in the metaverse as the type of businesses setting up shop in the virtual land. Such posts are often followed by many comments and discussions on the impact that such developments would have on the future of the Metaverse and MANA token prices.

Overall, the majority of Reddit platform users are optimistic about the future of Decentraland token and Decentraland metaverse. They are confident that MANA prices will continue rising for the next few years. They are equally convinced the Decentraland Metaverse will continue onboarding disruptive technologies that add to the overall value of the altcoin.

Quora

The crypto community on Quora is evidently excited about the Decentraland token and the Decentraland metaverse. From the flurry of questions about both topics on the platform, we can read a lot of optimism about Decentraland’s future.

The majority of questions here relate to MANA token’s past and future price action. The majority in the community want to know how high up Decentraland token prices can get in the next few years and over the longer term.

Quora Decentraland MANA Reviews

A large number of community members are also interested in the in-network developments and upgrades to the Decentraland metaverse. They query recent upgrades and developments to the Metaverse and the impact they have had on the token and its price action. They also query proposed developments to the Decentraland protocol and possible impacts that they may have on MANA token’s future price action.

Conclusion

Decentraland is one of the largest and most popular metaverse projects. It is also one of the most accessible crypto projects seeing that it is listed with virtually all the most popular exchanges and brokerages. Therefore, buying Decentraland tokens or trading Decentraland CFDs doesn’t have to be complicated.

In the above guide, we help you get started with Decentraland investing by telling you everything you need to know about the token. We’ve shown you what to look for in a Decentraland trading platform, where to buy, and how to buy Decentraland with different payment methods. Importantly, we have listed the 5 best places to buy Decentraland and provided you with a step-by-step guide on how to buy the altcoins on each platform.

Frequently Asked Questions (FAQs)

Yes, Decentraland is a good and viable long-term investment. It has all the hallmarks of a good investment that include a stellar/uptrending price performance since establishment, the fact that it is backed up by a revolutionary crypto technology, and the fact that virtually everyone expects its value to continue rising for the next few years.

Different crypto exchanges and brokerages are best suited for different forms of Decentraland investing. In this article, we have detailed why we believe Coinbase, Binance, and Kraken are the best exchanges to buy Decentraland. We have also indicated why eToro and Capital.com are some of the best places to buy Decentraland CFDs.

Yes, you can buy Decentraland with PayPal and even CashApp. To make this possible, however, you will need to first identify a crypto exchange or brokerage that lists Decentraland and accepts deposits from either PayPal or CashApp or both. Deposit funds with either method and start trading Decentraland.

Plenty of crypto exchanges, crypto brokerages, and even peer-to-peer trading platforms let you buy Decentraland instantly. In this guide, we have also pointed out exchanges and brokerages that let you buy MANA instantly.

It is simple. Start by creating a trader account with a reputable crypto exchange that lists MANA tokens. Verify your identity make the minimum deposit. Log in to your approved account and buy Decentraland instantly or place a limit order on their order book.

It is highly likely that Decentraland token prices will continue rising and eventually rise above $100. However, having looked at its bloated supply of more than 2 billion MANA tokens, the majority of crypto experts and investors do not expect the altcoin to get here any time soon.

Decentraland’s recent price action and future prospects present crypto investors with a handful of reasons why they should consider investing in MANA today. For starters, it has proven to be a highly resilient crypto investment, it has also performed exemplarily well in the past, and its support base is growing fast. For the next few years, analysts are convinced that Decentraland token prices will continue rising, driven by its resilience, growing community, and a recovering crypto market – all of which make MANA worth buying today. 

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