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How to Buy Decentraland Coin – Invest with Low Fees Today

In this guide, we cover everything you need to know about how to buy Decentraland (MANA) coin.

Over the last year, Decentraland coin has gained a return of over 4200% and the token of the most well-known blockchain-based virtual reality platform in the world has become one of the biggest trends of the year in the cryptocurrency market.

In this guide, we are going to show you how to buy Decentraland coin, analyze its price, features, and suggest the best digital wallets to store your MANA coins.

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    How to Buy Decentraland Coin – Quick Guide

    If you want to instantly buy Decentraland crypto without reading our comprehensive guide, simply follow the 4-steps below:

    1. Open an account with eToro – First, head over to eToro’s website and sign up for an online trading account.
    2. Upload ID – To verify your ID, you need to upload a picture of your passport or any national ID and a document that verifies your proof of address.
    3. Deposit –Make a deposit of at least £140 to get started. You can do that with a credit/debit card, bank transfer, PayPal, Neteller, or Skrill.
    4. Buy Decentraland Coin – Search for Decentraland (MANA) coin, insert the amount you want to buy and then click on the ‘Open Trade’ button.

    How to Buy Decentraland Coin – eToro Tutorial

    In this section of our guide, we are going to show you a short tutorial on how to buy Decentraland crypto using eToro’s platform.

    Step 1: Open an Account

    To get started, the first thing you need to do is to open an account with eToro. Fortunately, the process is fairly simple and does not require complex registration procedures. You simply need to visit eToro’s website, click on the ‘Join Now’ button and enter your personal details.

    eToro homepage registration

    Step 2: Complete the Account Verification Process

    After you have completed the registration process and approved your email address, you then need to verify your identity. This is because eToro is FCA-regulated and must comply with all KYC procedures of the British regulator.

    As such, to verify your new eToro account, you are required to upload proof of identity and proof of address.

    Step 3: Add Funds

    Now, you are allowed to add funds to your account. However, take note that eToro offers an unlimited demo account, which means you can always switch between the real and demo modes. If you are a beginner, we suggest you spend some time on the eToro demo account before you start trading with real money.

    Nonetheless, whenever you are ready to make a deposit, click on the ‘Deposit’ button on eToro’s trading dashboard, and choose one of the supported payment methods – credit/debit card, PayPal, bank wire transfer, Neteller, and Skrill. Then, you can make a deposit of at least $200, which is around £140.

    eToro deposit funds

    Step 4: Buy Decentraland Coin

    To buy a Decentraland crypto on eToro’s platform, enter Decentraland or MANA at the search bar and then click on the first result the appears in the drop-down menu. On the Decentraland instrument page, navigate to the ‘Buy’ button and then insert the amount you want to invest, and click on the ‘Open Trade’ button to complete your MAMA purchase. To set a stop loss and take profit order, you’ll then need to navigate to the portfolio section and set these orders that will help you mitigate the risk and manage your position.

    Where to Buy Decentraland Coin eToro

    Presently, Decentraland coin not yet available on many crypto exchanges so you’ll have to find an exchange or an online trading platform that supports this coin. To help you find where to buy Decentraland coin, we suggest three platforms that allow you to trade Decentraland token.

    1. eToro – Overall Best Crypto Exchange to Buy Decentraland

    etoro logoeToro is a brokerage firm that was founded in 2006 and offers thousands of assets in the form of CFDs or securities. It is also one of the most trusted cryptocurrency trading platforms in the world offering users to buy a range of digital assets including Decentraland crypto that very soon will be available on its platform. If you’re looking for where to buy Decentraland, this is our top pick.

    When we compare eToro to other online trading platforms in the market, its key strength is that it enables users to buy and sell assets without paying any fixed trading commission. This a major advantage as most crypto exchanges in the market charge between 0.1%-0.5% per transaction. You’ll also get access to a user-friendly platform where you can easily trade cryptocurrencies, shares, ETFs, indices, and commodities.

    eToro platform

    In addition, eToro is not just a marketplace for digital currencies but it is also the largest social trading platform in the world. You will, therefore, get access to social trading tools so you can share trading ideas, connect with other users, and copy the trades of other investors by using the CopyTrade tool.

    Another benefit of trading with this platform is the CopyPortfolios tool that allows you to invest in managed portfolios across different investment themes, including the crypto market.

    eToro copy portfolios

    Past performance is not an indication of future results.

    Finally, as the current state of regulation in the crypto market is not very clear, eToro is one of the few regulated platforms in the market that offers crypto trading. This brokerage firm is regulated by the FCA and offers a digital wallet service that is also regulated by GFSC.

    Pros

    • Offers a range of 19 crypto coins, including Decentraland
    • No trading fees when you buy and sell assets
    • Accepts PayPal, credit/debit card, bank wire transfer, Neteller and Skrill
    • Built-in safe cryptocurrency wallet
    • Largest social trading network in the world
    • Features managed CryptoPortfolios
    • Regulated by the FCA

    Cons

    • A limited selection of altcoins
    • Charges a $5 withdrawal fee

    67% of retail investor accounts lose money when trading CFDs with this provider.

    Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

    2. Capital.com – Most Innovative Trading Platform to buy Decentraland

    Capital.com LogoAnother trusted trading platform for investors is Capital.com, a regulated CFD trading platform that offers traders to buy and sell a huge range of assets including crypto coins with a leverage ratio of 2:1. In our view, what makes this broker a great choice is that it offers one of the most innovative and easy-to-use trading platforms. It is available on any web browser and as a mobile app and comes with an in depth charting package (75+ technical indicators), and advanced risk management tools.

    In terms of the fundamentals – if you decide to buy Decentraland crypto via Capital.com you’ll have to pay a spread of around just 0.01 pips (it is a dynamic spread). Further, you do not have to pay any fixed trading fees as happens when you trade via traditional crypto exchanges. That said, as Capital.com enables you to utilize margin trading, you have to take into account an overnight fee of 0.05% for long positions, and 0.014% for short sell positions.

    Most important of all,  Capital.com has created a perfect trading platform that is not only easy to use but also uses Artificial intelligence technology to send you trading ideas based on your previous searches and trading activity. This technology works very similarly to other platforms that use AI technology for that purpose (Netflix, YouTube, Facebook, Amazon, etc).

    Capital.com trading platform

    Finally, much like eToro, Capital.com is also an FCA-regulated broker. And, to get started, users need to meed a low minimum deposit of just 20 GBP.

    Pros

    • Offers margin trading
    • No commission for buying and selling crypto assets
    • In addition to its in house platform, Capital.com supports MetaTrader4
    • First AI trading platform that helps users get trading insight based on previous trading activity
    • Great mobile app
    • Regulated in the UK, Cyprus, and Australia
    • 24/7 customer support

    Cons

    • Does not offer users to buy Decentraland crypto outright
    • Does not support other crypto features like staking, futures, crypto loans, etc
    • No built-in crypto wallet

    71.2% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.

    3. Binance – Best Cryptocurrency Exchange to Buy Decentraland

    binance logoWhile eToro and Capital.com are great choices to speculate on Decentraland price, some might prefer to get into the crypto jungle through one of the most popular (and a bit complicated) cryptocurrency exchanges in the market. By many opinions, Binance is the best crypto exchange in the world – it has all the features a crypto trader needs such as derivatives futures, staking, built-in wallet, level 2 order book, and a range of over 150 crypto coins.

    Binance MANA

    Further, Binance is also a great solution for one-time cryptocurrency purchases with credit and debit cards, though you won’t be able to buy MANA coin directly. Instead, you need to buy Bitcoin BTC or Ethereum ETH first and then exchange it with MANA on the Binance marketplace. In terms of the costs – Binance is somewhat expensive if you want to buy cryptocurrencies with credit or debit cards as it charges a 3.5% fee per transaction or a minimum of 10 USD. On the other hand, when it comes to trading fees, Binance charges a fee of 0.10% or lower (volume-based pricing structure), which makes it one of the ‘cheapest’ cryptocurrency exchanges in the world.

    Pros

    • The largest crypto exchange in terms of daily trading volume
    • Offers more than 500 cryptocurrency pairs
    • Advanced trading platform that is available on web-browsers and on mobile devices
    • 5x margin trading on Decentraland
    • Trading fees of 0.10% or less, which is lower than most crypto exchanges in the industry
    • Built-in cryptocurrency wallet
    • Enables users to buy cryptos with credit and debit cards

    Cons

    • Not regulated
    • The platform is a bit complicated for beginners and intermediate investors

    Your capital is at risk.

    Decentraland Coin Payment Methods

    When it comes to paying for Decentraland, you have several options. Let’s look at some of the top payment methods to buy Decentraland coin.

    Buy Decentraland Coin with PayPal

    You can buy Decentraland coin with PayPal by using any crypto broker that accepts PayPal deposits. eToro is one such broker – you can fund your account with PayPal with just a $50 initial deposit. eToro also accepts other popular e-wallets like Neteller and Skrill.

    Another option is to buy Bitcoin with PayPal directly. Once you own Bitcoin, you can transfer your tokens to any cryptocurrency exchange – including eToro and Binance – and use them to buy Decentraland coin. 

    Buy Decentraland Coin with Credit Card or Debit Card

    You can also use a credit card or debit card to buy Decentraland coin. Most top crypto exchanges, including eToro and Binance, accept credit and debit cards from Visa and Mastercard. You can fund your account for future trades or buy crypto instantly using a credit or debit card.

    Buy Decentraland Coin with Bank Transfer

    If you want to use a bank transfer to buy Decentraland coin, you can do that, too. eToro, Capital.com, and Binance all accept bank transfers. Just note that bank transfers typically take a few days to complete, so you won’t be able to buy Decentraland coin right away.

    What is Decentraland Coin?

    In simple terms, Decentraland is a virtual reality (VR) platform powered by the Ethereum blockchain network that enables users to build, create, and develop artwork in the form of Non-Fungible Tokens (NFTs) by using smart contracts​. It is the first fully decentralized world where users can basically do anything they want – create avatars, connect with other users, buy and sell virtual lands/wearables/names, and participate in lots of other virtual reality activities.

    buy Decentraland DAO

    Through the Decentralized Autonomous Organization (DAO), users are in full control of any element that appears on the Decentraland virtual reality world. For example, they can choose the wearables items of the avatars, the land policy, content, and many more. The Decentraland coin (MANA) is the digital currency used to exchange goods and services on the Decentraland virtual platform.

    The coin was launched in 2017 by Esteban Ordano and Ari Meilich and at the time of writing, the company has a market cap of slightly above $2 billion. This makes Decentraland the 68th largest crypto coin in the world among the more than 4,000 cryptocurrencies that are currently in existence.

    MANA has a total supply of 2,194,378,827 and a circulating supply of 1.58 billion.

    Why Buy Decentraland Coin? Decentraland Coin Analysis

    Overall, the Decentralnad network and the Decentraland are somehow unusual and, thus, it is important that you understand the concept of the Decentraland virtual world and the reasons why the price of MANA might rise.

    First and foremost, Decentraland is the largest and most used crypto-based virtual platform in the world. Essentially, everything on this platform exists in virtual reality, and parcels of lands on Decentraland can actually be traded, and very often, for a lot of money. In a way, buying lands and other NFTs on Decentraland has the same process as buying lands in the real world with fiat currencies. Evidently, as of March 2021, one parcel of LAND in Decentraland was sold for an average of 6,900 MANA coins, or $5,800 USD. And, as virtual land prices are booming over the last year, it is very likely that the Decentraland network could become even bigger in the upcoming years.

    Another crucial factor that makes Decentraland so unique is that at present, it is one of the largest platforms for NFTs. These are basically assets that can’t be replicated and can be stored on the blockchain technology ledger. By the way, so far this year, despite the huge rise of Bitcoin and other cryptos, NFTs are certainly the biggest crypto craze after one NFT item was sold for $69 million. In that aspect, Decentraland is the largest virtual blockchain world (VBW) and perhaps the largest NFT marketplace for virtual real estate.

    Decentraland Coin Price

    Decentraland coin was launched in an ICO in 2017 at a price of $0.024 per coin. Besides a spike in prices a couple of months after it was released, the coin was trading at a very narrow range between $0.02-$0.07 until the beginning of 2021.

    But, from the start of the year, Decentraland crypto was one of the big winners of the crypto craze in 2021. The MANA/USDT pair started the year at a price of $0.08 and reached an all-time high level of  $1.56 on May 6th, a YTD return of 1850%. In the last days, however, the coin dropped to around $1.26, largely due to Elon Musk’s recent comment about Bitcoin and the crypto market.

    buy Decentraland coin chart

    Decentraland Coin Price Prediction

    Decentraland MANA is currently the 68th largest digital coin in the market and one of the largest virtual world platforms with over 1 million users, according to SimilarWeb. Plus, it is by far the most well-known virtual world platform to buy virtual lands. So, how far can Decentraland price go in the future?

    Generally, the vast majority of crypto analysts predict that the price of MANA will rise to around $2-$2.5 by the end of 2022, and above $5 by 2025. Some people even believe that MANA’s price might reach $10 by the end of 2021. According to CryptocurrencyPricePrediction, Decentraland price can rise to $135 in 2030.

    That said, long-term forecasts in the crypto space are typically uncertain and almost always provide a bullish outlook. For that reason, the best thing you can do is to see if the Decentraland community continues to grow and if the team behind Decemtraland increases the selection of digital NFTs items on its marketplace. These could be crucial factors for the growth of the Decentraland network and MANA’s price in the future.

    Investing in Decentraland vs Trading Decentraland Coin

    Clearly, long-term investors want to analyze the strengths of the Decentraland network, the coin’s price predictions, and the potential return over the longer term. If this is the case, it seems that the Decentraland coin is actually an interesting long-term investment, especially if you have high hopes that the virtual world will become an integral part of our real world and that NFTs are not just a trend.

    But, a much safer option to trade this coin is by making short-term trades. Currently, MANA has an average daily volume of around $200 million, which is enough liquidity for a trader to easily buy and short sell the coin many times in one trading day without the concern of getting stuck in a market where you cannot find buyers or sellers at some point in time.

    Best Decentraland Wallets

    Now that you have purchased the Decentraland coin, you need to find a crypto digital wallet to store your coins. This is an important decision and there are several factors you need to consider before you choose a crypto wallet. First, you need to choose between a hot and cold wallet. The difference between the two is that hot wallets are connected to the internet, while cold wallets are physical devices that allow you to hold your crypto coins offline. As such, if you hold a large amount of money of digital assets, it is recommended to store your coins on a cold hardware wallet like Ledger or Nano.

    Otherwise, the vast majority of crypto exchanges enable you to use their built-in hot wallets. For example, eToro, in our opinion, has one of the best cryptocurrency and Bitcoin wallets in the industry as it enables you to store over 120 digital assets and is fully regulated in the UK by the FCA, and by GFSC.  The eToro money wallet is available on iOS (Apple Store) and on Android (Google Play) and has an easy-to-use user interface and fair pricing structure.

    eToro walletAnother option is the Binance Trust Wallet that much like eToro is a hot wallet, though it is a bit more complex to use than eToro’s wallet. Nonetheless, this wallet gives you the option to store digital assets directly on its wallet that is an integral part of the Binance exchange. It supports over 500 digital assets and is fairly a good option for more advanced traders and those who can easily manage their funds on a complex trading app.

    Decentraland Reddit – A Great Source of Further Information

    Over the last years, various Reddit groups have played a pivotal role in the cryptocurrency market. And, much like Dogecoin, it seems that the Reddit Decentraland group has had a major impact on MANA price movements since the beginning of the year. Currently, the Decentraland Reddit group has 31.5K members.

    eToro – Best Way to Buy Decentraland

    To sum up, Decentraland is not a conventional project and cryptocurrency token, but it has made huge progress since the beginning of the year and its outlook is very positive. To buy or trade Decentraland crypto, you have to find a platform that supports MANA tokens. If you’re wondering where to buy Decentraland, our research found that eToro, Capital.com, and Binance are the best options for crypto investors.

    67% of retail investor accounts lose money when trading CFDs with this provider.

    Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

    FAQs

    Should I buy Decentraland Coin?

    In general, if the projections that the virtual reality world will grow in the next years are correct, then the Decentraland coin is also expected to continue to rise. Further, as NFTs are becoming increasingly popular, Decentraland can therefore be the largest marketplace for this new form of digital assets.

    Where can I buy Decentraland Coin?

    Decentraland is a digital asset that trades on cryptocurrency exchanges and on online trading platforms. From our research, some of the best options to buy Decentraland include eToro, Capital.com, and Binance.

    Is Decentraland a good investment?

    Like many other cryptocurrencies, it's hard to know what is the future of Decentraland. That said, many analysts believe that Decentraland has the potential to rise to around $5 and even higher by the end of 2025.

    How much Decentraland Coins should I buy?

    Overall, Decentraland is trading at a fairly cheap price so you can invest a small amount of money in order to purchase a large number of coins. Also, you need to take into account the leverage ratio you might get on online trading platforms and crypto exchanges. For example, if you are buying Decentraland on eToro, you get a leverage ratio of 2:1 which means you only need to invest 50% of the total value of the position. As such, you can buy 1000 coins at a cost of around $600.

    What is Decentraland stock?

    Decentraland is operated by Metaverse Holdings Ltd, a Cayman Islands-registered that was founded in 2017. Metaverse is not yet a public company, however, if it goes public you'll be able to buy its stocks on the market it will be listed on.

    How much is Decentraland Coin worth?

    At the time of writing, one Decentraland coin is worth $1.26.

    Will Decentraland Coin go up?

    Yes, according to many price predictions, Decetraland can reach $2 by the end of the year and around $5 by 2025.