How to Buy Decentraland Online in 2024

Decentraland is a metaverse project built on top of the Ethereum blockchain where you can purchase digital land NFTs, participate in various in-game events, monetize the virtual land, and much more. Decentraland is currently the largest metaverse project, with a market cap surpassing $1 billion.

Due to Decentraland’s increased popularity, we have curated this guide to help our readers find the top platforms for acquiring MANA, the native cryptocurrency of Decentraland. We’ll explore the cheapest, fastest, and most convenient exchanges. Furthermore, you’ll learn alternative ways to make money from this cryptocurrency.

Best Platforms to Buy and Trade Decentraland

Here you’ll discover the top-tier crypto brands selling Decentraland.

Buy Decentraland Using Cryptocurrency Brokers – The Easiest Way

The most beginner-friendly brokers are Coinbase, Binance, and eToro for their convenient buying processes, deposit options available, and affordable fee structures. Moreover, all of these brands have buying options that avoid complicated trading interfaces and let you convert your fiat currency into MANA instantly. When exploring the best platforms to buy and trade Decentraland, eToro shines as a top choice, offering a user-friendly interface and seamless transactions; however, for those seeking eToro alternatives, several other reputable platforms like Binance and Coinbase Pro also provide robust options for investing in Decentraland.

eToro disclaimer: This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

eToro

Beginners will find eToro the best option as it’s an all-in-one platform. With eToro, you can buy various cryptocurrencies, including MANA, and invest in stocks. In addition, you can copy other successful traders on the platform and test out strategies in the demo account.

Coinbase

Coinbase is an ideal exchange for all those individuals who have less experience in the sophisticated world of trading and investment because the platform is known for offering an intuitive UI and first-class educational content free of cost. In some cases, you can potentially earn crypto while learning by utilizing Coinbase’s Learn and Earn section. For advanced users, the platform offers Coinbase Pro which additionally provides the users with advanced charting features, more trading options, multiple portfolio management, and more.

Binance

Binance is a globally-recognized brand that offers ultra-low fees for purchasing MANA. The spot trading interface is easy to understand, and you can utilize different order types based on your investment strategy. Moreover, the crypto-literacy initiative from Binance known as Binance Academy allows traders of all experience levels to build and refine their know-how on web 3.0 topics.

Buy Decentraland on eToro: Step-By-Step Guide

Best Wallet to Buy and Store Decentraland – MANA Wallet Comparison

The best way to hold your crypto investments securely is by using either a software or hardware wallet. Both use seed phrases to secure your account, but typically hardware wallets are safer since they store your private keys offline. Remember, not your keys, not your crypto. Therefore, you’d want to use one of the following wallets:

Buy Decentraland Using CFDs – Best for Trading

Trading is simple with CFD (Contract For Difference) crypto brokers, thanks to their beginner-friendly user interfaces. However, CFD trading is treated as an illegal event in the United States. This can be traced back to the fact that CFD is an over-the-counter (OTC) product. Hence, you cannot find platforms in the United States offering CFD trading. SEC (Securities and Exchange Commission) and the Commodity Futures Trading Commission (CFTC) prohibit the citizens and residents of the United States to open a CFD account on domestic and foreign applications.

Best Apps to Buy Decentraland – Most Convenient

Trading on a smartphone app has multiple benefits, such as not being restricted to a desktop, the ability to trade from anywhere, and making payments with crypto. The platforms disclosed underneath offer downloadable iOS and Android apps that come with all the features you’d find while using a browser version. .

Buy Decentraland With Exchanges – The Cheapest Way

Nowadays, the best way to acquire coins like Decentraland cheaply is with a cryptocurrency exchange since they have competitive fee rates. The listed options use a tier system, which calculates your fees based on your 30-day trading volume. Here’s what the fees start at with Binance, KuCoin, and Kraken:

Buy Decentraland Using Decentralized Exchanges (DEX) – The New Way

If you want to purchase Decentraland’s MANA anonymously or in a decentralized environment, you can use a DEX (Decentralized Exchange). These platforms facilitate trades using a liquidity pool system and are not administered or managed by a singular entity. Since MANA is an ERC-20 token, decentralized exchanges built on top of the Ethereum blockchain can be used to buy MANA. Below, we have shortlisted the best DEX operating on top of Ethereum that you can use. .

Buy Decentraland on Pancakeswap: Step-By-Step Guide

PancakeSwap is a decentralized exchange designed for transacting BEP-20 tokens. Since MANA is an ERC-20 token, you cannot use this DEX to trade MANA. You will need to explore the platforms that are built on top of the Ethereum network such as Uniswap, SushiSwap, and 1inch Network.

Can You Buy Decentraland Using P2P Services?

Unfortunately, no established P2P platforms offer Decentraland in a safe and trustworthy environment.

Can You Buy Decentraland Using Other Trading Platforms?

Decentraland is a growing cryptocurrency that gained a lot of attention in 2021 when Facebook introduced its ambitious plans to contribute to building the metaverse environment. Therefore, many crypto platforms have listed MANA for their users to buy and sell. The table below discloses which exchanges or brokers have Decentraland on their platform along with the starting fee rates.

What Is the Difference Between Buying Decentraland and CFDs?

Contract For Differences (CFDs) are derivative products, meaning you will not actually own Decentraland tokens. Therefore, you cannot spend your MANA CFDs within the metaverse or store them in a cryptocurrency wallet.

On the other hand, buying MANA and owning it means you have full control. You may transfer them between exchanges or wallets and buy Decentraland NFTs.

Pros and Cons of CFDs

Best Ways to Buy Decentraland

This part of the guide highlights the best platforms to use for specific payment methods.

Buy Decentraland Instantly With Online Banking – The Fastest Way

Coinbase Pro is a well-designed exchange that accepts online banking as a secure and fast payment method. Typically, transfers can take 30 minutes to a few hours, depending on your bank provider.

Buy Decentraland With PayPal – The Safest Way

PayPal can be used as a secure deposit method on eToro and Coinbase. Transfers are instant, and the exchange will remember your details for next time.

Buy Decentraland Using a Debit Card – The Cheapest Way

You can buy Decentraland at low rates via debit card if you use it as a deposit method on Binance. Avoid using the instant debit card buy section, as this will incur higher fees than spot trading.

Buy Decentraland Using a Credit Card

Binance is the top choice for depositing with a credit card or using it as a payment method on the instant buy section.

Best Platforms to Buy Decentraland in Other Countries

Below, you’ll discover the top providers in the listed countries, along with the starting fee rates. The main reasons providers differ between nations are due to regulations and accessibility of the exchanges.

What Are the Fees When Buying Decentraland?

This table discloses the fees you can expect for purchasing $1,000 of MANA and holding for 30 days.

Cheapest Way to Buy MANA

Exchanges like Binance, Bistamp, and Kraken are the top choices for buying Decentraland cheaply because of how they structure their fees. These platforms use a tier system that reduces costs based on your 30-day trading volume. Here are the starting rates:

Fastest Way to Buy MANA

Purchasing Decentraland is fast when using the instant buy section on Binance and Coinbase. However, this method usually encounters higher fees. Therefore, you can alternatively use eToro, which has fast deposits and buying processes for MANA.

eToro disclaimer: This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

How to Buy Decentraland Anonymously?

This section is a rundown of how you can purchase MANA without revealing your identity.

How to Buy Decentraland Without Registration or KYC?

Decentralized exchanges (DEXs) are the preferred way of acquiring MANA without a KYC since they are secure and provide anonymity. UniSwap is the top choice as the exchange is well-trusted and offers multiple swap pairs for Decentraland.

How to Buy Decentraland Without Verification?

KuCoin is perfect for avoiding verification as you can deposit crypto and trade without completing a KYC but this exchange does not have a license to operate in the United States.

Can You Buy Decentraland Offline?

You cannot buy or receive MANA in an offline environment. You will need to use a centralized exchange or a decentralized exchange or a broker to buy Decentraland’s MANA.

Should You Buy or Sell Decentraland?

The decision to buy Decentraland should be based on your research. To help you, here are some pros and cons of the project to help you decide if MANA is worth holding.

Do You Need to Pay Tax on Decentraland in the US?

Yes, profits made from Decentraland will be taxed by the US government. The amount varies on your gains, tax bracket, and state. To get the most accurate information, visit your state’s website regarding crypto taxing.

Decentraland Price Prediction: What Is the Future of MANA?

Decentraland is a unique project with huge ambitions but an uncertain future. In the following section, we’ll discover what can affect MANA’s price and historical price milestones.

What Impacts Decentraland Price?

The top 5 factors that can affect Decentraland’s value are:

• Marketing: Decentraland is great at marketing their metaverse and cryptocurrency. Although there were a few hiccups, for example, DJ Alex Moss’s Twitter post, overall, the project has seen a lot of excellent exposure thanks to how it has been advertised.

• Regulations: Cryptocurrency adoption is great for Decentraland as more money will flow into altcoins. Regulations and laws can make adoption faster or halt it, depending on the country.

• Competition: Decentraland has received increased competition with more metaverse projects released and some still in development. Also, the crypto gaming market is rising, which will make it harder for Decentraland to stand out in the future.

• Demand: Demand for Decentraland will increase its value as more investors are willing to pay more for each token.

• Community: Decentraland aims to create a social environment within its metaverse. Therefore, a loyal community is required to keep the token relevant and attract potential new investors.

Historical Decentraland Course: Major Milestones in the History of Decentraland

The image underneath displays the historical price movements Decentraland went through since its release back in 2017.

Current Price Prediction News

Here are some price prediction news blogs you may find interesting:

Other Ways to Make Money With Decentraland in 2024

Underneath we’ll explain alternative ways you can profit from Decentraland.

Stake Decentraland Using DeFi or CeFi

Binance offers a Simple Earn savings and staking product for MANA that yields an estimated APR of 0.27%.

Buy Decentraland Using ETPs (ETFs & ETNs)

ETPs (Exchange-traded products) are securities you’d find on a traditional stock exchange. The best platform for buying Decentraland ETPs is 21shares.

Buy and Sell NFTs Using MANA

Decentraland’s main monetization method is through its NFT marketplace, where you can buy and sell land NFTs and other in-game NFT items.

Buy Stocks and Shares in Companies Owning Decentraland

Samsung and Adidas among many other international companies have invested in Decentraland and bought in-game land to fill with their branded content. You can purchase their stocks on eToro.

Decentraland Mining

Mining is the process of your GPU solving complex hash puzzles to verify transactions and receive rewards. However, mining crypto in 2024 is not worth it, as you need a huge initial investment to purchase mining gear and HODLing is more profitable in most cases.

Use Decentraland Faucets

Faucets are rewards that exchanges issue for completing small tasks on their platform. Coinbase is the best for this activity as the brand has a Learn and Earn section with many informative courses. Before starting a course, Coinbase will showcase the rewards, which helps estimate if it’s worth your time.

What Cryptocurrencies Are Similar to Decentraland?

Underneath are similar metaverse or NFT cryptocurrencies that you may want to research:

Is It Still Worth Investing in Decentraland or Not?

Decentraland has fallen significantly from ATH, making it potentially the perfect time to buy. In our opinion, It’s worth allocating a small portion of your portfolio into MANA since it’s the largest metaverse cryptocurrency and has received huge backing from investors. Note: Not a Financial Advice (NFA).

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